Top cryptocurrency exchanges in USA
cryptocurrency exchange usa

Top cryptocurrency exchanges in USA

By ChangellyOfficial | Changelly blog | 11 Feb 2020


American cryptocurrency exchanges were among the first to fall under legislative regulation. Therefore, all the nuances related to the protection of crypto-investors’ rights on American websites are checked thoroughly, making them more reliable than other trading platforms.

Here is the rating of the largest US crypto exchanges based on trading volume, commission fees, registration method and coins that are traded on the sites. Read our article to understand that it’s not difficult to buy and trade cryptocurrencies in the USA. 

Crypto Legislation in the USA

The United States was one of the first countries to decide on the status of cryptocurrencies, but there is no single united position on the issue yet. Different departments consider virtual currencies as property, cash, and exchange commodities (similar to securities). 

In addition to that, transactions with cryptocurrencies are simultaneously regulated by federal and state laws, and these often do not match. In some states, registration is required for crypto exchanges, in others, it is not. According to federal laws, a token may not be a security, but according to the laws of individual states it must be considered a security and be registered. Even judicial decisions do not help.

US President Donald Trump has changed tax legislation: now any exchange of cryptocurrencies, even to another cryptocurrency, must be taxed. This does not prohibit cryptocurrency transactions, but significantly limits the possibility of their wide-spread implementation.

Top 7 Bitcoin and Other Cryptocurrency Exchanges in the US

U.S. token trading and promotion is governed by federal and local consumer laws. They prohibit fraud, fake advertising, and fake news. If a company violates these laws it will have to pay a fine 2-3 times the amount of damage, and sometimes the leaders of the company may even face imprisonment. 

The rules formulated by the state can reduce the risk of fraud and give investors guarantees for the protection of investments. But you have to pay for this security. In this case, it comes in the form of the cryptocurrency market becoming similar to the classical stock market, losing anonymity and decentralization.

#1. Coinbase

Coinbase began operating in 2012 in the United States and opened its headquarters in San Francisco. This crypto exchange is included in the TOP-20 of the largest exchanges in terms of trading volume.

In general, Coinbase takes good care of its customers and savings safety, since not a single cent has been stolen from the platform over the entire duration of its operation. In addition to that, the crypto exchange insures all user funds.

It is noteworthy that some sections of the site are inaccessible to users prior to verification, so you must provide a copy of your ID in order to make full use of the entire functionality of the exchange.

This platform makes it easy to buy Bitcoin instantly. Coinbase is quite a popular exchange among traders. 

  • Ease of Use: easy
  • Privacy: low
  • Fees: average
  • Limits: high
  • Reputation: high

#2. Kraken

Kraken is one of the most popular American crypto trading sites. The platform has been on the market since 2011.

Most often, users trade in pairs with the euro. The daily limit for withdrawing funds in fiat is $25 thousand, in cryptocurrencies – the equivalent of $50 thousand. The fee is very low and it’s equal to 0.25%. 

In terms of security, Kraken stores the bulk of client savings in cold wallets and uses PGP encryption to send messages, which protects information from the hands of hackers.

  • Ease of Use: hard
  • Privacy: low
  • Fees: average
  • Limits: high
  • Reputation: trusted

#3. Binance.US

Binance launched its US branch in September 2019. Binance.US offers unwavering performance with a trusted world-class matching engine, supporting up to 1,400,000 orders per second. Operated by BAM Trading Services based in San Francisco, California, Binance.US provides a fast, secure and reliable platform to buy and sell cryptocurrencies in the United States. 

  • Ease of Use: average
  • Privacy: average
  • Fees: average
  • Limits: high
  • Reputation: trusted

#4. Poloniex

Poloniex is one of the largest cryptocurrency exchanges in the world in terms of trading volume, including altcoin trading volume. The website has been operating since 2014 in the USA. Due to a large number of coins listed, it is easy for investors to create their cryptocurrency asset portfolio on this platform.

As for the withdrawal of funds, there is a daily limit of $25 thousand, but for this, the user needs to go through verification and provide passport data. Otherwise, the maximum withdrawal amount is $2 thousand.

Please note that fiat pairs are not available on this platform.

  • Ease of Use: easy
  • Privacy: low
  • Fees: average
  • Limits: average
  • Reputation: high

#5. Gemini

Gemini has been operating in the market since 2015. It was founded by the Winklevoss brothers and is positioned as a platform for institutional investors and private traders.

Since the exchange is designed for large players, it meets all the requirements of cybersecurity and capital reserves, which emphasizes its reliability.

The exchange is available to customers in a total of 49 U.S. states, Washington D.C., Puerto Rico, Australia, Canada, Hong Kong, Singapore, South Korea, and the United Kingdom. In most states you can buy USD, BTC, ETH, LTC, BCH, ZEC, GUSD. 

  • Ease of Use: hard
  • Privacy: low
  • Fees: low
  • Limits: high
  • Reputation: trusted

#6. Coinmama

Coinmama cryptocurrency exchange is considered one of the most reliable services in the field of working with digital coins, and its established positive reputation is not in doubt among experienced traders.

The site is owned by NBV International s.r.o., a subsidiary of New Bit Ventures Ltd, registered in Israel. The platform operates in 226 countries of the world and in most US states; it adheres to the laws of the country of registration. 

All users are expected to behave in accordance with international law, and not forget to show tolerance and respect to other market participants. The main security measure is a complicated password for entry, the exchange uses the proven technologies of Trust Guard and Comodo.

  • Ease of Use: easy
  • Privacy: low
  • Fees: high
  • Limits: high
  • Reputation: trusted

#7. Changelly

Changelly Cryptocurrency Exchange is a convenient modern digital money exchange. It is on the list of well-known trading crypto sites – Poloniex, Bittrex, HitBTC, etc. It acts as an exchange point for cryptocurrencies. Owners of crypto sites can use it as a widget.

The platform automatically tracks the best exchange rates, has a huge number of cryptocurrencies listed for buying and selling, and is continuously increasing the strength of its security. Support responds promptly, and so in case of any issues the exchange provides effective and timely assistance. Developers do not stop at the success already achieved and constantly upgrade the interface, as well as add new features and currencies to the exchange.

You can buy cryptocurrency from the USA with USD using a debit card easily and quickly. 

  • Ease of Use: easy
  • Privacy: average
  • Fees: low
  • Limits: high
  • Reputation: high

Bottom Line

Despite the strict US policy aimed at regulating cryptocurrencies, buying and trading bitcoin and other cryptocurrencies in the USA is not as complicated as it seems. You can always use our service to quickly buy bitcoin and other crypto in any quantity. 


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ChangellyOfficial
ChangellyOfficial

Changelly is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. The service provides the best crypto-to-crypto rates and supports over 150+ cryptocurrencies available for exchange.


Changelly blog
Changelly blog

Changelly cryptocurrency blog is aimed to provide crypto enthusiasts with useful trading tips, crypto wallet guides & recent crypto news.

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