There are tons of crypto exchanges out there, many of which are available globally. However, not every exchange is suitable or acceptable in every country.
Some countries, such as the United States, are very strict when it comes to crypto trading and investment. As a result, US residents cannot use any exchange they wish.
Fortunately, many exchanges are legal to use in the US, and we’re going to look at seven such crypto exchanges you can use if you live in the US.
Coin base
Coinbase is one of the largest cryptocurrency exchanges by trading volume and the largest crypto exchange in the United States, with approximately 98 million users worldwide. A crypto exchange with global influence, it is also one of those easily accessible to Americans.
It also has Coinbase Pro, an arm designed for professional traders.
A major advantage of Coinbase for Americans is that it is fully registered and regulated by the United States government.
The company was also listed on the stock exchange in April 2021, which gave it even more credibility. Coinbase fees are on the high side, but it provides a number of free deposit and withdrawal methods for US customers.
There are over 100 cryptocurrencies available to buy, sell and trade, and very little is required to initially fund your account.
If you’re looking for a reliable, highly secure, and beginner-friendly exchange for your crypto activities in the US, Coinbase is one you might want to consider.
You should follow this beginner’s guide on how to use Coinbase if you are new to the platform.
Binance USA
You may have heard of Binance before but wonder what Binance US is. Well, it is a Binance exchange made exclusively for US customers.
The exchange was created to cater to US customers due to the regulatory hurdles faced by Binance. Since it was created mainly to comply with the regulatory environment in the United States, Americans can use it without fear of getting into trouble with the law. The exchange has a selection of cryptocurrencies that are legal to buy, sell, hold and trade in the United States.
Like Coinbase, Binance US has well over 100 cryptocurrencies to choose from. Of course, US users also enjoy the low fees that other Binance users enjoy globally.
The advanced Binance user interface, with its features and tools, remains intact on Binance US, allowing US customers to access everything available on Binance, right on this customized platform.
CEX.IO
CEX.IO is another exchange based in the USA. No discussion of simple, beginner-friendly crypto exchanges in the US is complete without mentioning CEX.IO.
It also has a dedicated platform for professional traders, such as Coinbase and Coinbase Pro. The exchange serves US customers from 28 states and offers a wide selection of crypto assets to its users. It charges relatively low fees and supports fiat deposits in USD, EUR, GBP and RUB.
Most of their services are tailored to suit US-based users, so it is one of the best crypto exchanges to use if you live there.
The twins
Gemini is a recognized US-based crypto exchange. The exchange is known for its military security, and caters to Americans and users from other parts of the world. It is also a fully regulated platform that provides US customers with secure access to many digital currencies.
Any deposit you make to Gemini from the US is FDIC insured, meaning the deposit is covered in the event of a loss. This makes the exchange particularly attractive for use by Americans.
Due to the level of regulatory compliance, Gemini is currently one of the safest exchanges for the US and also provides digital assets.
Kraken
Kraken is one of the oldest crypto exchanges in the US. The exchange was founded in 2011 and also has a reputation for being very secure as it has never been breached before.
If you’re a US resident with a penchant for an advanced crypto trading platform, you’ll find Kraken an attractive destination for all things crypto. Its services are available in most US states, making it also one of the most accessible crypto trading platforms in the country.
Like the other exchanges in the US, Kraken is a fully regulated crypto exchange, making it a trusted place to buy, sell and trade digital assets.
The fees on this exchange are not that high and many deposit and withdrawal options are available for US users.
eToro
Another reliable crypto exchange for US traders and investors is eToro. This is a top global crypto investment and trading platform that offers services such as buying, selling and trading digital assets.
A unique feature of eToro and something it is known for is its social trading platform that allows novice traders to copy the trades of more experienced ones.
eToro is the only exchange on this list that is not of American origin, but serves its citizens well. Headquartered in Tel Aviv, Israel, it offers crypto investment and trading services to millions of users worldwide.
However, like the others, it is fully regulated in the US and has an office in the country, making it one of the few exchanges outside the US that fully complies with local US laws.
Bitcoin IRA
Bitcoin IRA is a platform that enables Americans to invest in Bitcoin and other cryptocurrencies as retirement plans. Although not technically an exchange, it is included in this list because of the role it plays in helping Americans invest in digital assets for retirement.
There are over 60 cryptocurrencies available that you can trade at any time on any day of the week. The platform serves clients with IRA Rollovers, Roth, SEP, Employer Plan 401(k)s and new or existing traditional IRAs, with custodial insurance for up to $700 million.
It must be stated that Bitcoin IRA is also not a digital asset depository, nor is it a crypto wallet. Instead, it connects customers with registered custodians and only provides access to digital assets with an option for IRA accounts.
If you’re a US crypto investor considering your retirement, a Bitcoin IRA could be a place to start investing towards that retirement.
Which US Crypto Exchange Will You Use?
These are the best exchanges that US residents can use to buy, sell and trade crypto. The Bitcoin IRA provides even more, giving you the opportunity to invest in crypto for retirement.
Regardless of your experience with crypto, one of these exchanges will serve you well.
