Cryptocurrency has gained exponential momentum over the last decade, and it will not be an overstatement to say that the industry will command the future. With the ease of payment and transaction execution, this decentralized exchange alternative is gaining popularity among investors and is increasingly integrating into the daily payments regime. From paying bills on overseas travel to purchasing Microsoft products, Cryptocurrency has merged with the everyday goods platforms to provide ease of exchange and convenience.
Cryptocurrencies exist in several forms, such as coins, digital currencies, and Defi tokens. Individuals who are getting accustomed to the cryptocurrency regime can choose to invest in any since most cryptocurrency exchanges list all of them. And, if you want to explore and trade in E-Yuan, visit YuanPayApp.
However, if you are a beginner and don’t know which portal is the best to exchange your fiat currency for Bitcoin, Ethereum, Litecoin, or any other altcoin listed on the exchange, take a look at the top cryptocurrency exchanges based in the United States.
1. Binance
One of the most popular cryptocurrency exchanges globally, Binance allows investors and crypto enthusiasts to trade in over 200 digital currencies. Apart from this, the transaction fee charged is negligible and ranges between 0 to 1%. Offering some of the cheapest rates, Binance is the most secure cryptocurrency exchange that provides customers with robust security features and staking pools.
You can also get their Binance VISA card to convert Cryptocurrency into fiat money when you are on the go. Apart from this, individuals can also open a savings account with Binance to earn interest on crypto kept in the account. The longer you store your Cryptocurrency in their wallet, the higher the interest you can earn.
However, you won’t be able to access binance.com from the US as it is blocking users due to regulatory and legal issues. If you want to regain access to the popular exchange platform, you’ll need to use a Binance VPN, read more about it here. With it, you can switch your IP address to any Binance supported country and access it without any restrictions.
2. Coinbase
Headquartered in San Francisco, California, Coinbase has accumulated a loyal client base over the years, thanks to its navigable features and easy-to-use interface. The platform registered a trading volume of 20 billion in the United States, making it one of the largest cryptocurrency exchanges.
However, despite the colossal trading volume, the platform has reported no hacks or compromises with their security system and lodged no losses due to criminal activities such as malware attacks or scams. Therefore, if you are a little fastidious and stickler of rules, Coinbase can guarantee that your money is safe.
Apart from this, you can also get free crypto with Coinbase by watching a bunch of videos or reading their articles while learning about crypto. Their wallet is secure to store Cryptocurrency and other digital assets. You can also take advantage of their trading tools and indicators for professional investment and trading.
3. eToro
eToro is one of the most user-friendly exchange platforms that allow individuals to trade in cryptocurrencies. The platform allows digital trading by investing in Bitcoin or altcoins or assisting individuals in improving their knowledge about the field by offering a mock virtual trading feature entailing virtual portfolios.
However, if you wish to purchase cryptocurrencies with eToro, you will incur a spread cost for the asset you are buying.
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The spread charge varies with each digital currency and fluctuates based on market conditions. For instance, usually, the fee levied to buy or sell Bitcoin is 0.75%.
4. Kraken
Founded in 2011 in Silicon Valley, San Francisco, California, Kraken has secured its place among the top five exchanges in terms of traffic, liquidity, and trade volume of spot markets. The platform is licensed and regulated with FinCEN. However, Washington and New York residents cannot access it.
Currently, Kraken has 54 digital currencies in which investors can trade. The platform also features popular Defi tokens such as Compound (COMP), KAVA, and Kyber Network. Individuals can manage their portfolios using a single interface by utilizing advanced trading options and automated portfolio monitoring.
You can get competitive transaction rates with complete customer support working twenty-four hours a day and seven days a week at your behest. You can begin your crypto trading journey with this incredible platform that features a robust and intuitive interface.
5. FTX
Known for creating the world’s first cryptocurrency futures index, FTX is one of the most famous cryptocurrency exchange platforms in the United States. You can distinguish the platform from its counterparts by looking at the various indices and leveraged tokens FTX features. The futures index allows investors to capitalize on the fluctuations of a specific index in the form of a futures contract.
You can trade in the futures directly from the FTX platform, with new trading pairs and tokens added to the platform regularly. Since FTX offers a user-friendly interface, you can begin your trading journey on a desktop or have it at your fingertips by accessing the website on your mobile. Apart from this, traders can also leverage the MOVE contracts that settle according to the absolute change in the price of a coin over a period of time.
6. Gemini
Gemini is a New York-based cryptocurrency exchange that lists more than 50 digital currencies and various Defi tokens and is founded by the Winklevoss twins. The Winklevoss twins were a few of the early investors in Bitcoin who did not give up on Cryptocurrency and continued holding it until the recent regime boost, which made them rich enough to start their own exchange.
The cryptocurrency exchange is legitimate and holds a license ratified by the New York State Department of Financial Services (NYSDFS). Apart from this, Gemini entails several features, including an advanced trading platform to help investors monitor their portfolios, a secure wallet, mobile trading app, and off-exchange or cold crypto exchanges.
In Conclusion
Now that you know the top cryptocurrency exchanges available for US citizens and have understood what features they offer, it is time to begin your crypto journey and reap profits. It will all look overwhelming at first, but you will soon start getting the hang of the whole investing landscape and the benefits it offers. Navigating a cryptocurrency exchange is not easy. However, re-read this article if you think you have forgotten a few points.
