5 Best Crypto Exchanges in the USA

Having reviewed many crypto exchanges in the past, particularly that of the USA. Today, we put forward a comprehensive list of the top five crypto exchanges in the USA. 

Analyzing supported currencies, liquidity, security, support, fees, and trading pair is a part of finding the best crypto exchange, so let’s get started.

Exchange CoinbaseCex.ioFTX.USGeminiBinance.US
Supported Crypto Assets45+31100+26+200+
Fees0.5%0.25%/ 0.16%-0.025%/ 0.075%0.5%0.1%
USPHigh Liquidity; SecureApt for beginners; support credit cardsLeverage Trading; up to 101X leverage and 45+ leveraged tokensOTC Desk; Competitive Fees; available in all the states of USAA wide range of Crypto assets and services/ features
InsuredYesNoNoYesYes
WebsiteCoinbaseCex.ioFTX.USGeminiBinance.US

Summary (TL; DR)

  1. We have numerous Crypto exchanges in the USA for crypto trading. The best fiveof them are- Coinbase, Cex.io, FTX.US, Gemini, Binance.
  2. Firstly, Coinbase is one of the biggest platforms in the world. Furthermore, it allows its users to invest, trade, and stake crypto. In addition, it also extends a dedicated Coinbase wallet and card. 
  3. Secondly, Cex.io is a multifunctional portal for trading, margin trading, leveraged trading, and staking services. However, it charges a deposit fees of up to 2.99% using VISA/ MasterCard.
  4. FTX.US is a regulated and reputed leveraged trading platform with 45+ leveraged tokens. Overall, the fee is low. In addition, it has a dedicated utility token and a wallet.
  5. Further, Gemini is the most secure crypto exchange operational in all 50 states of the USA. However, the fee is high. Therefore, it is advisable to use the extended version – ActiveTrader. Also, it offers a dedicated Gemini stable coin and a mobile app.
  6. Lastly, Binance.US has a separate utility token that gives many benefits to traders. Furthermore, it has a wallet, mobile app, and visa card facility. However, the trading fee is high for debit card users.
  7. Apart from this, Coinbase, Gemini, and Binance provide crypto insurance to their users.

Five best Crypto exchanges in the USA

Out of many crypto exchanges, we have narrowed them down to the best five. We will be discussing their features and Pros & Cons briefly.

1st Best Crypto Exchange in USA: Coinbase

What is Coinbase?

Coinbase is the most prominent and established cryptocurrency exchange, supporting all the U.S. states except Hawaii. Furthermore, it operates in 100 countries with 30 million traders, offering a crypto trade platform for 50+ coins. For more in-depth information about Coinbase, read the Coinbase review.

Coinbase

Also, read 5 Best Coinbase Bots to Automate your Trading

Features

In addition, it extends various services such as:

  1. Cryptocurrency Investing 
  2. An advanced Trading Platform
  3. Coinbase Staking
  4. Custodial Accounts
  5. Coinbase Crypto card
  6. The U.S. Dollar Stable Coin 

It is a perfect option for novice traders as it has a learning program and is an easy-to-sign-up and trade platform. Also, it has a user-friendly and straightforward interface. Moreover, it pulls a massive trade volume as it is highly liquid and easy to use. The Coinbase app is available on both android and iOS.

Coinbase
Coinbase

Coinbase Fees Structure

It has a complex and expensive fee structure. It imposes a transaction fee of 1.49% for standard and 3.99% for credit card purchases. Furthermore, it also charges a flat fee for transactions below $200, or a certain percentage depending upon the crypto used.

However, you can switch to Coinbase Pro that extends an advanced and robust trade experience. It imposes low fees and might be complex for a new trader. 

To learn more, read Coinbase Fees: Cheapest Exchange in the USA?

Coinbase: Pros & Cons

PROSCONS
Simple User interfaceHigh transaction fee
Very High LiquidityNo control over wallet fees
Extensive selection of cryptocurrencies Difficult to understand the fee structure
Convenient and user friendly Poor customer support
Secure, regulated and licensed

2nd Best Crypto Exchange in USA: CEX.io

What is CEX.io?

CEX.io is a multifunctional exchange platform relied upon by 3 million people. Furthermore, it stands out as a one-stop shop for all crypto-related activities. It extends many crypto products, features, and tools to allow individuals quick and easy access to cryptocurrency assets. To know more, read our CEX.io review.

CEX.io

Also, read CEX.IO Staking – The Best Way to Earn Passive Income?

Features

  1. Brokerage Service provides a crypto buying (via card/ wire transfer) platform. {preferable for novice traders}
  1. Moreover, CEX.io trading services present an advanced platform with exceptional features and decent liquidity. It enables cross-platform trading and gives advanced reporting. {suitable for advanced traders}
  1. Further, it offers an advanced platform for margin trading, CEX Broker, and supports trading via CFDs. Users can trade with up to 100x leverage which is extremely risky.
  1. Lastly, the team also has a staking service for various cryptos.

The CEX.io trading platform is apt for beginners and pro traders. It is a regulated exchange with a comprehensive customer support base. Moreover, it is registered with FINCEN and is completely secure and therefore trusted by millions of traders.

However, there is a transaction limit. For instance, verified accounts’ purchasing limit is up to $1000 worth of Bitcoin per day only.

Also, users can upgrade their tier to increase the transaction limit and features provided. 

Cex.io
CEX.io

CEX.io Fees Structure:

  1. The trading fee for takers is 0.10%-0.25% and makers 0.00%-0.16%.
  2. Further, the deposit fee is relative to fiat currency and payment method. For example, VISA and MasterCard for the USD charge 2.99%, while Skrill charges 3.99%. Whereas, a transaction using ACH and bank transfer is free.
  3. Though, the withdrawal fee varies upon withdrawal method. A VISA Card costs 3% + $1.20, Mastercard costs 1.8% + $1.20. Skrill takes up 1%, Bank transfers 0.3% + $25 and ACH/SEPA/ faster payments are free.

To get in-depth knowledge about this exchange, read CEX.IO Review – Is it Legit or Scam?

Cex.io Fees
CEX.io fees

CEX.io: Pros & Cons

PROSCONS
Facilitates buying bitcoins with a credit cardLess coin/ cryptocurrency options
Fiat-to-crypto and crypto-to-crypto purchasesA high brokerage services fee
Suitable for amateurs as well as veteransTransaction limits for Basic account holders
24/ 7 Quick and reliable customer support

3rd Best Crypto Exchange in USA: FTX.US

FTX.US Exchange

FTX.US is the world’s leading cryptocurrency derivatives exchange. Secondly, it is a regulated and reputable platform for traders in the United States to earn a profit with leverage. Also, the first cryptocurrency index futures allows users to capitalize on the rise/ fall of an index in the form of a futures contract.

It provides a robust platform for professional traders, intermediate traders, seasoned traders, and beginners with over 100+ trading pairs. It offers trading markets such as derivatives, leveraged tokens, options, and volatility products. In addition, it provides many financial products.

FTX

Features

  1. Futures Contract: They are financial instruments for trading without holding underlying digital coins. It allows speculation on the future price of cryptocurrency without its ownership.
  2. Move Contract: They are derivatives for tracking the volatility of cryptocurrency. Currently, only available for BTC.
  3. Leveraged Tokens: FTX extends a feature to trade crypto options short or long through leverage. It has a set of ERC-20 tokens to simplify leveraged positions.
  4. Prediction Markets: They allow speculation on an outcome by predicting the occurrence of a particular event in the future.
  5. Spot Trading: FTX offers a spot market for instant crypto and fiat trade.
  6. FTX Token and Wallet: FTX token is a utility token on the platform, built on the Ethereum blockchain. FTX Wallet stores crypto++ fiat currency balances and manages all the transactions.
  7. OTC Service: An exclusive OTC service for bulk purchase of crypto.

A robust customer base is another powerful feature of the exchange. It supports many cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and other stable coins. It also extends a fully functional mobile application.

Ftx Exchange
FTX Exchange

FTX Fees Structure

  1. It has a tiered fee structure for futures and spot markets. Tier 1 pulls 0.070% taker fee and 0.020% maker fee. Whereas Tier 6 has zero maker fees and 0.04% taker fees.
  2. Further, deposit and withdrawal are free except for ETH, ERC20 tokens, and Omni withdrawals.
  3. Moreover, Fiat withdrawal charges a $75 bank fee for withdrawals below $10,000.
  4. Creation and Redemption fee is charged 0.10% on leveraged tokens.
  5. Lastly, leverage up to 50X increases trade fee by 0.02% and up to 100X by 0.03%.

Though, there is a fee rebate with the use of FTX Token (FTT).

FTX.US: Pros & Cons

PROS CONS
Purchase cryptocurrency using a credit cardThe leveraged tokens are risky
Low fees and up to 101x leverageLimited services when compared to Coinbase
45+ leveraged tokens available
Professional user interface
Responsive customer support team
Mobile app

4th Best Crypto Exchange in USA: Gemini

What is Gemini?

Firstly, Gemini Crypto Exchange is a New York-based most secure crypto exchange known for compliance with USA laws and regulations. It is operational in all 50 states of the USA. It extends a wide variety of financial products and services. 

Furthermore, it has an ‘automatic buy’ feature, which allows the users to schedule purchases every day, week, or as often as desired, making dollar-cost averaging much easier. It also has an extension to the existing website- ActiveTrader. In addition, it has more sophisticated features and tools. To know more, read our Gemini review.

Gemini

Also, read Gemini vs BlockFi – How to Earn more Interest Rates?

Features

  1. Gemini Clearing Portal: A default platform streamlines trading with an easy to use interface.
  2. Gemini Custody: Custodial service regulated as a New York trust company with insurance up to $200 million.
  3. Clearing: Is an OTC desk for crypto trading.
  4. Gemini Pay: A service that empowers users to spend their crypto for retail purchases in up to 30,000 stores in the USA.
  5. Gemini Earn: For earning interest on the unused crypto balance on the platform. The interest is up to 7.4% on various tokens. {3.05% on Bitcoin}
  6. Crypto App: It provides an application for trading on android and iOS operating devices.
  7. Gemini Dollar: Has a stable coin that is functional for all transactions.
  8. Nifty Marketplace: Offers a platform for the purchase & sale of digital art and collectibles.

The most prominent advantage of Gemini is the ability to trade in real dollars. Gemini offers more than 45 coins & tokens for trading with 19 trading pairs. Users can deposit without KYC but can not withdraw without KYC. It is suitable for peer-to-peer and crypto-to-crypto trading and caters to both beginners and experienced traders.

Gemini is easy to use with a quick setup and convenient interface. The platform’s customer support is impressive with the column of in-depth FAQs available on the website. Also, the email provided is prompt and beneficial.

5 Best Crypto Exchanges In The Usa
Gemini

Also, read Gemini vs Coinbase | Which is the Best USA Crypto Exchange?

Gemini Crypto Fee Structure

Gemini charges a low fee. However, it might be expensive for small traders. 

  1. Firstly, Gemini imposes a convenience and transaction fee. Therefore, the convenience fee is 0.5% included in the quoted price of crypto. But, the transaction fee varies from currency to currency and volume to volume. Thus, It ranges from $0.99 for transactions lesser than $10 to 1.49% for transactions greater than $200.
  2. Deposit via ACH, Wire Transfer or external accounts is free. However, a debit card pulls 3.49% of deposit fees.
  3. Withdrawals hold no fees on the platform.

Though fees on ActiveTrader are better in comparison. Check the detailed fee structure here.

Gemini: Pros and Cons

PROSCONS
Wide variety of servicesRelatively high fees
Secure and insuredFew payment methods
Intuitive to useSome popular cryptocurrencies are not on the platform {such as Cardano, Ripple, and Stellar Lumens}
Highly-rated mobile app
Earn interest on cryptocurrency balances
Available in all U.S. states.
ActiveTrader™ offering professional-level trading features

5th Best Crypto Exchange in USA: Binance.US

What is Binance.US?

Binance is the leading crypto exchange with over 200 crypto assets supported. Therefore, it is apt for novice or veteran traders. Binance.US is fit for USA traders as it complies with US trade regulations. Specifically, it is the largest exchange platform by trading volume. As a result, trading on Binance is fully secure through 2-FA and anti-phishing measures. It offers a wide array of services and features.

Binance.US

Features

  1. Binance Exchange: It is a trading platform categorized into primary, classic, and professional.
  2. Binance reward: Binance offers its users a reward for depositing and staking cryptos. It also gives loans secured by crypto assets.
  3. Spot Trading: Binance allows users spot trading. Moreover, users can also do margin and futures trading.
  4. OTC: Binance enables bulk purchase & sale of crypto with better pricing. However, users need to complete KYC verification for trading on the OTC portal.
  5. Leveraged Tokens: Binance extends derivatives that provide UP & DOWN contracts betting on some crypto prices.
  6. Binance App: It extends a mobile application for trade on the go for android and iOS devices.
  7. Binance Wallet: Extends a wallet to hold crypto and fiat currencies. 

Further, Binance Futures Platform supports crypto trading through derivatives. Furthermore, the portal enables leveraged trading up to 125X.  

Binance provides its users three chart forms- Original, TradingView, and Depth.

Traders can purchase crypto via bank deposits, credit/ debit card, bank transfer, and third-party payment {Banxa & Simplex}. Moreover, Binance allows trade with the broadest range of cryptos available today.

Binance.us
Binance.US

Binance Fees Structure:

It has a tier-based fee arrangement based upon 30-day trading volume or 24-hour Binance Coin Holdings.

  1. Binance Trading Fees: It varies from tier to tier. It ranges from 0.1% for taker and maker to 0.02%/ 0.04% for maker and taker.
  2. Margin Borrow Interest Rates: It varies upon tier and the crypto assets involved. It ranges from 0.016% to 0.022%.
  3. Withdrawal Fees: There are no withdrawal fees. But, the minimum withdrawal limit varies from crypto to crypto.
  4. Spot Trading Fee: The spot trading fee is 0.1%. 

Binance allows an instant buy/ sell option that pulls a 0.5% fee. Also, a Debit card attracts a 4.5% fee. Therefore, users are entitled to an additional 25% discount if they pay the trading fees using Binance Coin.

Binance.US: Pros and Cons 

PROSCONS
A user-friendly platformHigh Trading Fee for Debit card Users
A wide array of cryptos in the marketNot available in seven US states
A comprehensive range of crypto pairings to tradeFewer crypto-to-crypto currency pairs in the US portal
High trading volume
High liquidity
Deposit and withdrawals via crypto and fiat money
Stake cryptos
Mobile Compatible: Android and IOS
Low Trading Fees

Best Crypto Exchange in USA: Conclusion

All the five crypto exchanges mentioned above cater to varied trader wants. Coinbase is the leading portal for high liquidity and faster trade, qualifying as a secure and trustworthy portal. Whereas, Cex.io is apt for beginners and experienced traders with a user-friendly interface and support of credit cards.

FTX.US is for traders that want to do leveraged trading with up to 101X leverage with 45+ leveraged tokens. Gemini qualifies as the most secure crypto exchange with a variety of services at its disposal. It is apt for seasonal traders as well as it offers interest on the crypto balance. Hence, Binance is prevalent for diverse crypto assets and services/ features extended with high trading volume and liquidity. Lastly, all these exchanges are beneficial in one way or another. Choose a platform to suit your needs.

Frequently Asked Questions 

How to withdraw money Out of Coinbase? 

Users can withdraw money from Coinbase with the following options: 
Bank account 
PayPal account
A cryptocurrency wallet (for cryptocurrencies)
Users can not withdraw fiat currencies with credit/debit cards.

Can users store Bitcoins on Coinbase? 

Yes, Users can keep Bitcoins on Coinbase, but it is not advisable. It is best to keep Bitcoins in a non-custodial wallet.

Is Cex.io a wallet?

CEX.IO gives its users an online Bitcoin wallet as they sign-up for an account. A website that stores bitcoins in the cloud serves as an online wallet. However, storing all the crypto assets in a third-party wallet is advisable as platforms and exchanges are prone to hacking. 

Is FTX beneficial?

FTX is the top cryptocurrency liquidity provider platform. Moreover, it is a trustworthy platform. 
It stands in the top five derivatives exchanges by volume.
FTX is the top cryptocurrency liquidity provider platform. It is a trustworthy platform. 
It stands in the top five derivatives exchanges by volume.

Are the fees high on Gemini Exchange? 

Trading fees are high on Gemini compared to other popular crypto exchanges. This is because it includes a 0.50% convenience fee on all trades on top of regular trading fees. On the other hand, deposit and withdrawal fees are cheap on Gemini.

Is Binance banning USA customers?

Binance does not comply with any regulations. Hence, It was inaccessible for USA traders. However, Binance.US complies with US Trade Regulations and allows US Traders to trade on the portal.

What is the qualification for a user to borrow on Binance Loan?

A registered user of Binance is qualified to borrow on Binance Loan.

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Ishita Khanna

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