The 7 Best USA Crypto Exchanges in 2024 Expert Reviewed

KuCoin also has a knack for being the first major exchange to list new assets, meaning KuCoin users are often among the first to get their hands on new project tokens. However, some of the features shared by the best cryptocurrency exchanges include solid security tools, low fees, several payment options, an accessible platform and availability on both mobile and desktop. Centralized exchanges are the most common and traditional type of crypto exchange. These are owned by private companies and offer investors a platform to trade cryptocurrencies. This type of exchange tends to have higher trade volumes and liquidity and a greater number of trading pairs. Crypto exchanges are platforms where users can trade digital currencies for other assets, including cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and regular currencies, like U.S.

When choosing a crypto exchange, look for one that keeps your digital assets safe and offers the coins you want to trade without bilking you on trading fees. We applied Insider’s rating methodology for investing platforms to over a dozen exchanges to find the best options for cryptocurrency availability, low fees, asset/account security, user interfaces, and mobile access. The eToro USA crypto exchange offers a highly secure and easily navigable interface that gives you access to over 21 crypto assets. The exchange also supports traders in 140 countries; you’ll need at least $50 to trade. Abra is a global crypto exchange serving individual and institutional traders in more than 150 countries. Decentralized crypto exchanges, otherwise known as DEXs, distribute responsibility for facilitating and verifying crypto trades.

Which crypto exchange is best

Like Coinbase, Binance was named in the lawsuit in part because of its high profile — which comes from its being one of the easiest exchanges for beginners. You can buy its stablecoin Binance USD (BUSD) with fiat currency, then purchase any of 363 coins. You can also trade in Binance’s own coin, BNB, for a 25% discount on trading fees (10% on futures). has relatively low trading fees, and the whole structure is easy to understand. The duty on each trade is assessed by your trading volume for the prior 30 days. If you traded less than $250,000 in aggregate, you’ll pay 0.075% on each transaction.

Built with advanced traders in mind, Gemini provides a professional-grade trading dashboard and supports over 80 digital currencies and tokens. Gemini also offers a cryptocurrency reward card and allows users to pay for goods and services with crypto. Established in 2011 and headquartered in San Francisco, Kraken is one of the most reputable cryptocurrency exchanges in the world. The San Francisco-based exchange enables investors to buy, sell, and store over 200 cryptocurrencies while charging low fees on its professional-grade trading platform, Kraken Pro. Most exchanges also offer custody and storage options for users looking to protect their crypto assets against theft and hacks safely. If you want to set up an external wallet with a bitcoin wallet provider or another storage wallet service, you can do so while maintaining your crypto exchange account.

Which crypto exchange is best

It’s essentially a mobile banking app geared towards peer-to-peer payments, but it also has an investment component. Unlike its peers, such as Robinhood and Venmo, Cash App also lets users withdraw their Bitcoin to third-party wallets, which makes it stand out from its competition. Moreover, BitMart suffered a security breach in December 2021 that resulted in the loss of $196 million in user funds. While BitMart has promised to reimburse users, the hack has made a substantial dent in the exchange’s reputation. Launched in 2014 in New York City by Tyler and Cameron Winklevoss, Gemini stands out for putting a strong emphasis on security and compliance.

Which crypto exchange is best

When choosing between global crypto exchanges, the most important factor is reliability. Look for crypto exchanges that have never been hacked and honor withdrawal requests. Some platforms on our list are currently on shaky ground, but still offer you a good chance of getting your money back in a worst-case scenario. With cryptocurrency’s rise in popularity, derivatives and ETNs become increasingly sought after as well. Crypto exchanges have progressively started launching derivative trading options on their platforms.

Huobi is also the second-largest exchange in terms of traded derivatives, following behind Binance. Investopedia collected and analyzed key data points from several crypto exchanges to identify the most important factors for readers choosing the best crypto exchange company. Investopedia launched in 1999 and has been helping readers find the best crypto exchange since 2020. Investopedia collected vital data points from several Cryptocurrency Exchanges and apps to identify the most essential factors to crypto investors.

It’s important to research and choose a reputable exchange with strong security features and to always exercise caution when trading. As mentioned, Binance dominated the competition when they offered zero-fee trading on multiple BTC pairs. They have recently halted that promotion and now only offer free trading on TUSD-BTC. At the risk of sounding like a broken record, SwissBorg again, takes the win over KuCoin when it comes to investable products.

  • The top picks were selected based on more than 20 weighted criteria, including trading fees (weighted 20%), withdrawal fees (15%), and whether an exchange offers cold storage of crypto assets (weighted 10%).
  • Each of our coin data pages has a graph that shows both the current and historic price information for the coin or token.
  • As mentioned, Binance dominated the competition when they offered zero-fee trading on multiple BTC pairs.
  • That’s why it’s important, to potentially minimise that risk and only invest on reputable exchanges.
  • What’s even more impressive is the fact that in its decade of operation, the exchange has maintained a great track record on security, as the exchange’s wallets have never been compromised.

Peter managed reviews and listings for during the 2000s, and is passionate about software and no-nonsense advice for creators, consumers and investors. Providing financial education to those who need it most has always been a passion of mine. While working as a Financial Advisor, I had my eyes opened to the world of crypto and its potential to help make the world a better place. I believe that blockchain technology can build a brighter future and am excited to be part of it. For crypto wallet apps, Exodus, Trust Wallet, and the OKX wallet are solid choices.

Which crypto exchange is best

These trades are simple to make, and most exchanges charge a relatively high fee to make them, often approximately 1.5% of the transaction value. Whether you’re a beginner looking for an easy on-ramp to crypto, or you’re a high-volume trader looking for the lowest “maker” and “taker” fees, we’ve got the info you need to choose the best crypto exchange for you. If you plan to keep your cryptocurrency on the exchange for an extended period of time, the exchange’s track record on security is of the utmost importance. In this case, you might want to avoid exchanges that have suffered security breaches in the past. If you’re a long-term crypto investor, it’s worth considering withdrawing your crypto to a wallet that’s fully under your control, preferably a hardware wallet. The main downside of GMX is that it only offers a limited number of cryptocurrencies for trading.

While the fees for trading may not vary much, where things take a turn is when it comes to deposits and withdrawal fees. This is the area where Binance becomes the leader in low-fee exchanges for the widest range of users. After using dozens of crypto exchanges, I have found Coinbase, Kraken, SwissBorg, and OkCoin to be the easiest to use with the cleanest interfaces, featuring landing pages that are clutter-free. When I am recommending an exchange for someone new to crypto, or not overly tech-savvy, I find myself suggesting Kraken and SwissBorg most frequently. One of the articles that our community has come to appreciate is our ongoing Top Crypto Exchanges article, where we select the exchange that we think is the best in different categories.

We researched some of the largest cryptocurrency exchanges to rank the best available today. Blueprint is an independent, advertising-supported comparison service focused on helping readers make smarter decisions. We receive compensation from the companies that advertise on Blueprint which may impact how and where products appear on this site. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Blueprint. Blueprint does not include all companies, products or offers that may be available to you within the market. The platform’s advancedPro version, which runs on a separate app and website, charges lower fees but features a less user-friendly interface that’s not suited for beginners.

We calculate the total cryptocurrency market capitalization as the sum of all cryptocurrencies listed on the site. Please note that not all cryptocurrencies listed on KuCoin can be swapped through KuCoin Convert. However, the feature still provides a lot of flexibility as it can be used to swap between more than 100 different cryptocurrencies. This section will dive into the best crypto swap exchanges in 2024, highlighting each platform’s key features and demonstrating why they’re a great choice. Crypto exchanges can be centralised, meaning they are managed by one corporate authority, like a brokerage company that facilitates the security of trades, or decentralised.

They have, by a substantial margin, the largest earn section and offer more earn products than any of the competition and is one of the reasons they remain the largest and most popular exchange in the world. Through the app, users can also explore GameFi platforms, NFT marketplaces, DEXs, and a world of DApps. The biggest complaint and criticism against Web3 and DeFi adoption has been lack of usability, user-friendliness and intuitiveness, but OKX is making strides in making the whole space come together more seamlessly. KuCoin takes the crown here for best altcoin support, with Binance and not far behind. KuCoin is also the best choice for users who want trading bots natively supported on the platform and is great for gamified trading contests and competitions. Binance is equally good for those looking for some fun with trading contests and giveaways.

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