7 Best Crypto Exchanges for US Residents

There are a plethora 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 about crypto trading and investing. As a result, US residents cannot use any exchange they wish.

Fortunately, many exchanges are legal to use in the US, and we are going to look at seven such crypto exchanges that you can use if you are a US resident.

coinbase

With approximately 98 million users worldwide, Coinbase is one of the largest cryptocurrency exchanges by trading volume and the largest crypto exchange in the US. A crypto exchange with global influence, it is one of the most easily accessible by Americans.

There’s also Coinbase Pro, an arm that’s designed for pro traders.

One of the major advantages of Coinbase for Americans is that it is fully registered and regulated by the United States government.

The company also went public in April 2021, giving it even more credibility. Coinbase fees are high, but it offers several 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 fund the account initially.

If you are looking for a reliable, highly secure and beginner-friendly exchange to use for your crypto activities in the US, Coinbase is one of them you can consider.

If you are new to the platform then you should follow this guide for beginners on how to use Coinbase.

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Binance US

You must have heard about Binance before but might be wondering what is Binance US. Well, it is a Binance exchange that is completely built for US customers.

The exchange was created to support US customers due to regulatory hurdles Binance is facing. Since it was primarily created to comply with the regulatory environment in the US, Americans can use it without fear of getting into trouble with the law. The exchange carries a selection of cryptocurrencies that are legal to buy, sell, hold and trade in the US.

Like Coinbase, Binance US has over 100 cryptocurrencies to choose from. Of course, US users also enjoy the lower fees that other Binance users enjoy globally.

The upgraded Binance user interface, along with its features and tools, is still intact on Binance US, so US customers can access everything available on Binance, on this customized platform.

cex.io

CEX.IO is another exchange based in the US. There isn’t a whole discussion about simple, beginner-friendly crypto exchanges in the US without the mention of CEX.IO.

It also has a dedicated platform for pro traders like Coinbase and Coinbase Pro. The exchange serves US clients from 28 states and offers a variety of crypto assets to its users. It charges relatively low fees and supports fiat deposits in USD, EUR, GBP and RUB.

Most of its services are tailored to US-based users, so it is one of the best crypto exchanges you can use if you live there.


Gemini

Gemini is a reputable US-based crypto exchange. Known for its military-grade security, the exchange caters to Americans and users from other parts of the world. It is also a fully regulated platform, providing US customers with secure access to multiple digital currencies.

Any deposits you make to Gemini from the US are FDIC insured, which means the deposits are covered in case of any loss. This makes the exchange particularly attractive for use by Americans.

Due to its level of compliance with regulation, Gemini is currently one of the most secure exchanges for the US and also offers digital asset custody.

Kraken

Kraken is one of the oldest crypto exchanges in America. Founded in 2011, the exchange also has a reputation for being highly secure as it has never been breached before.

If you are a US resident with a taste for an advanced crypto trading platform, you will find Kraken an attractive destination for all things crypto. Its services are available in most US states, making it one of the most accessible crypto trading platforms in the country.

Like 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 there are many deposit and withdrawal options available to US users.

eToro

Another reliable crypto exchange for US traders and investors is eToro. It is a top global crypto investment and trading platform that provides services such as buying, selling and trading of digital assets.

An outstanding feature of eToro and well known for is its social trading platform which allows beginner traders to mimic the trades of more experienced ones.

eToro is the only exchange on this list that is not of American origin but serves its residents well. It is headquartered in Tel Aviv, Israel, and provides crypto investment and trading services to millions of users around the world.

Like the others, however, 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 is fully compliant with local US laws.

bitcoin ira

Bitcoin IRA is a platform that enables Americans to invest in bitcoin and other cryptocurrencies as part of their retirement plans. Although not technically an exchange, it is included on this list because of the role it plays in helping Americans invest in digital assets against their retirement.

There are over 60 cryptocurrencies available that you can trade anytime of any day of the week. The platform serves customers with IRA rollover, Roth, SEP, employer plan 401(k)s, and new or existing traditional IRAs with custody insurance of up to $700 million.

It must be said that Bitcoin IRA is also not a digital asset custodian, nor is it a crypto wallet. Instead, it connects clients to registered custodians and provides access to digital assets only with the option of IRA accounts.

If you are an American crypto investor contemplating your retirement, a Bitcoin IRA could be a place you can use to start investing for that retirement.

Which US crypto exchange will you use?

These are the top exchanges that US residents can use to buy, sell and trade crypto. The Bitcoin IRA offers even more, giving you the opportunity to invest in crypto for retirement.

Whatever your experience with crypto, one of these exchanges will serve you well.

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