The best exchanges to buy cryptocurrency in the US
Cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies. Some exchanges allow you to trade through fiat currencies, such as US dollars, while others allow you to buy cryptos using another digital currency like bitcoin (BTC) or Ether (ETH).
There are different types of cryptocurrency exchanges that offer different services: some are more user-friendly than others, and some cater to advanced traders. There are a wide range of platforms that can be considered when looking for the best cryptocurrency exchange for trading cryptocurrencies.
We have taken a close look at the top 10 US based cryptocurrency exchanges based on factors such as reputation, fees, payment methods and selection of cryptocurrencies available for trade.
If you’re looking for the best cryptocurrency exchange in the USA, here are our top picks:
On this list, you can find only the best cryptocurrency exchange platforms.
Binance is a cryptocurrency exchange with a focus on the Chinese market and other Chinese coins. Currently, it supports English and Chinese users. The Binance token (BNB) was created during the ICO event to fund the development of the Binance exchange.
[Read more about Binance…]
HitBTC is a cryptocurrency exchange that has been around since 2013. Although it’s based in Europe (UK), it is licensed under CBL and AML. This crypto exchange also accepts traders from almost all countries around the world, including the United States.
[Read more about HitBTC…]
Kraken is a Bitcoin and cryptocurrency exchange based in Europe. Founded mid-2011, Kraken is the largest Bitcoin exchange in euro volume and liquidity and also trading Canadian dollars, US dollars, British pounds and Japanese yen. Kraken has a simple fee schedule for trading pairs that scale based on volume over time, starting at 0.16% for BTC/USD pair with decreasing fee as your trading volume increases (30 day trailing volume). Kraken was founded by Jesse Powell who remains CEO of the company today. Kraken is consistently rated as one of the best exchanges to trade bitcoin and other cryptocurrencies on due to its
It is important to know that the cryptocurrency exchange you are using is focused on your country. This is because each country has a different regulatory system. For example, while in the US some exchanges are already regulated and have been operating in a legal way for many years, in other countries it is still difficult to obtain an official license.
Also, exchanges that serve residents of certain countries often support only one fiat currency (the legal currency of the country), so for example, if you live in the USA and want to buy bitcoins with dollars on the exchange, it can be more convenient to use an American platform than a foreign one. If you live in India, then the best choice will be Exchanges from India (such as WazirX) or international platforms that support Indian rupees.
cryptocurrency exchange is a website that allows users to buy, sell and exchange cryptocurrencies for other digital assets or conventional currencies such as USD and Euro. The cryptocurrency
exchanges can be divided into three types: trading platforms, brokers, and P2P platforms. If you want to buy crypto for fiat money, then use the following platforms: Coinbase, Coinmama, Gemini, Binance US, Kraken. For the purchase of crypto for other cryptocurrencies, use the following exchanges: Changelly, Binance. If you want to exchange one coin for another in an exchange with a floating rate (without limits), then use Shapeshift or Changelly. If you want to trade cryptocurrencies with minimal commissions and high liquidity (you will find a lot of buyers and sellers here), then use Binance or Kraken. If you want to get more profit from buying/selling coins at a favorable rate (arbitrage), then use the following exchanges: Stex, Sistemkoin. To start trading cryptocurrency on the best cryptocurrency exchanges in 2019-2020, first of all create an account on it by entering your email address and password. In order to start trading on the platform where it is required to verify your identity (KYC), specify your personal
Coinbase is the most recommended and trusted cryptocurrency exchange platform for buying and selling cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple etc. Due to easy-to-use interface and higher liquidity, it is one of the most popular exchanges in the world. Coinbase has its headquarters located in San Francisco, California, United States. It was founded in the year 2012 by Brian Armstrong (Co-founder & CEO) and Fred Ehrsam (Co-founder). The services of Coinbase are available in more than 30 countries worldwide. If you are a beginner or new to cryptocurrency then it will be difficult for you to decide which Exchange to choose from – there are many options out there! Some exchanges have a bad reputation due to various reasons like being hacked or not providing any support etc.
Bitfinex is a high volume cryptocurrency exchange platform founded in the year 2012 by Raphael Nicolle and headquartered in Hong Kong. In spite of being hacked once in August 2016, it is still one of the most trusted and best cryptocurrency exchange platforms available today. Bitfinex currently supports around 50 cryptocurrencies including Bitcoin, Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Dash (DASH), Monero (XMR
An exchange is a platform that allows you to buy, sell and trade cryptocurrencies. There are different types of exchanges, where some are more suitable for beginners while others might be more useful for experienced traders.
The main difference between the different types of exchanges is the trading fees they charge as well as the amount of liquidity they provide. High liquidity means there are a large number of buyers and sellers on the exchange, which makes it easier to buy or sell any quantity at a good price.
Broker vs Exchange
Brokers are platforms that allow you to buy cryptocurrency at a price set by the broker (usually market price plus a small premium). Brokers offer limited trading options compared to an exchange and often have higher fees than exchanges.
Exchanges act as an intermediary between buyers and sellers where users can place Limit, Market or Stop Orders. Limit orders allow you to specify the price you want to purchase or sell cryptocurrency at and give you more control over how much you pay for your cryptocurrency. Market orders let you buy or sell cryptocurrency at the market price (the current price) and is usually the fastest way to purchase cryptocurrency. Stop Orders are more advanced orders that only execute once certain conditions have been met (e.g., once Bitcoin reaches $20,000).
The popularity of cryptocurrencies such as Bitcoin, Ethereum and Ripple is increasing day by day. People are investing in cryptocurrency because it is relatively safer than fiat currencies and grants users the ability to circumvent government regulations. However, before you even think about investing in cryptocurrency you need to buy some first. This is where cryptocurrency exchanges come in. Cryptocurrency exchanges allow you to buy, sell and trade cryptocurrencies.
In this article we are going to look at the top 10 US-based cryptocurrency exchanges for 2019.