The Best US Crypto Exchange?
Cryptocurrency continues to be come more popular among Americans and you are probably wanting to find the best place to buy bitcoin in the US. In this article we’re going to compare several options to help you pick the best US crypto exchange for you & your goals.
Overall Best US Crypto Exchange: CoinMetro
Be sure to check out this US crypto exchange guide and learn all about crypto exchanges in the US.
Best US Crypto Exchange Candidates
Let’s take a look at some of the most common exchanges for American traders. We’re going to compare fee structures & analyze the pros & cons of each exchange.
Fees: There’s NO FEE for makers & the taker fee is just 0.1%. Both can earn rebates.
CoinMetro is a well rounded platform that’s great for both beginners & experts. If you’re new to crypto, you’ll love the copy trading platform where you can mirror the trades of a professional trader! The simple swap widget is a great tool as well. If you’ve been trading for a while, dive into the margin trading platform to multiply your trading power! The CoinMetro exchange is customizable and will provide you with all the tools & analytics you need to be successful. Plus you can even get paid to trade with our innovative rebates system. Our native utility token is XCM, which serves a variety of functions throughout all platforms.
In this immature market with so many bad actors, we’ve championed compliance & regulation. This is the best way to advance adoption and spread crypto to the masses. Our incredibly unique platform has a strong foundation because we built it all from scratch. We didn’t rush to market with a copy & pasted exchange, CoinMetro has done everything the RIGHT way. This includes 24/7 LIVE support where you can speak to a real person.
- Lowest fees on the market
- 24/7 LIVE Support is absolutely phenomenal
- Earn valuable rewards with staking, locking, & rebates
- Known to list high quality coins & great investment opportunities
- Well rounded ecosystem w/ a multitude options for beginners & pros
- Does not serve clients in NY, WA, or HI
- Lower liquidity for some lesser known cryptos
Fees: Confusing fee structure that depends on usage and even the device you use.
Gemini comes in as the second best US crypto exchange. It was created by Cameron & Tyler Winklevoss in 2014. The exchange is based in New York City and regulated under the New York State Department of Financial Services. They created one of the first regulated stablecoins in the world, known as the Gemini Dollar (GUSD). There are more than 20 cryptocurrencies supported by Gemini.
The exchange has a nice user interface that’s pretty easy to work with for crypto newbies. But they can also cater to professional level trading as well. Gemini markets themselves as being created with a central focus on security.
- Operates in all 50 states
- Caters to beginners & experienced traders
- Lending & savings services
- Charges convenience fee of 0.5% on top of a transaction fee
- Difficult to know how much you will pay in fees
- Higher than average withdrawal fees
Fees: Makers & takers both pay 0.5% if it’s under $10k.
Coinbase was created back in 2012. As a result, they have first-mover advantage and have become the most well-known US crypto exchange. The company is expected to go public in 2021 with an evaluation of around $100 billion. The platform is beginner friendly with a very simple interface. The exchange operates in all 50 states.
Unfortunately, Coinbase is notorious for terrible customer service and losing service at high-traffic times. Frustrated traders often find themselves not able to buy or sell at critical times. Coinbase can take weeks, or even months, to respond to users.
- Operates in all 50 states
- Simple interface
- High liquidity
- Extremely high transaction & withdrawal fees
- Horrible customer support
Fees: 0.1% transaction fee for makers & takers both
The international parent company of Binance became notorious for years of shady practices and ignoring regulations. As a result, they were forced to halt trading for Americans. They quickly built this new exchange in an attempt to win over US clients without facing legal issues. However, they’re is still unable to serve clients from New York, Hawaii, Washington, Alaska, Alabama, Connecticut, Georgia, Florida, Louisiana, North Carolina, Idaho, & Vermont.
Binance US has listed more assets than the other exchanges on this list. But be careful. The platform is more advanced than others and isn’t a good place for beginners to get into cryptocurrency. Their philosophy towards compliance & regulations seems to be to act first, and then try to figure it out later. With a history of legal “gray areas”, trust is an issue with this company. Whereas CoinMetro champions transparency, Binance is the exact opposite.
- 50+ cryptocurrencies available
- Lower fees than Coinbase & Gemini
- Does not operate in 13 US states (full list above)
- Lack of transparency
- Geared towards more advanced trading; not for beginners
Fees: All transactions are charged a constantly changing fee, based on market activity.
Released in 2013, Cash App is a mobile payment service. It handles peer-to-peer money transfers via a mobile app. However, it does not have a web/desktop option. Cash App is an easy way to send or receive money, but it’s not focused on cryptocurrency. Unfortunately the only crypto available on the app is bitcoin. But at least you’re able to withdraw that bitcoin, unlike Robinhood.
- Simple interface
- East peer-to-peer transfers
- Bitcoin is the only crypto asset
- High fees that are always changing
- Lacks tools/resources for trading that most exchanges offer
The Best US Crypto Exchange is…
After examining all these options, CoinMetro is clearly the best US Crypto Exchange. It’s perfect for both beginners and expert crypto traders. The low fees & 24/7 live support truly blow the competition out of the water.
Check out this amazing financial ecosystem and create an account today!