Blog 4 Techies Crypto Exchange in the United States: Trade Bitcoin and cryptocurrency in the United States legally. You REMAIN a US citizen interested in purchasing and selling Bitcoin. And other cryptocurrencies such as Ethereum, Cardano, XRP, and Dogecoin. So the first question is also, what is the best cryptocurrency exchange for US citizens?
Similarly, Hundreds of crypto exchanges are available to US citizens, and more are being added monthly. In this article, we will appear at US residents’ top 5 cryptocurrency exchanges. The top exchanges are rated based on their size in terms of trade volume, several users, product offerings, exchange fees, user interfaces, and Also, ease of signing up, and commerce. Although, We will examine the benefits and drawbacks of these interactions. Note: If you are looking for alternatives, there are many other best altcoin exchange platforms.
Table of Contents
Coinbase
Likewise, Based on volume, Coinbase is the most popular and largest cryptocurrency exchange in the United States. Coinbase was founded in 2012. By Brian Armstrong and Fred Ehrsam in New York. Also, Coinbase left the public on the Nasdaq on April 14, 2021, becoming one of the largest IPOs with nearly $100 billion. Coinbase is currently worth around $60 billion.
Although, Coinbase.com and the Coinbase app provide a simple and easy-to-use interface for beginners and retail investors. The website and the app have simple navigation and easy crypto trading options. For example, the Trade page displays the current price, market cap, percent change, and Buy option for each crypto asset listed on the exchange.
Coinbase.com and Coinbase apps are excellent tools for average users, but Coinbase Pro is the platform for sophisticated traders. Coinbase Pro lets traders view live orders and trade history, buy and sell and place trades.
Pros
- The platform and mobile app are both modern.
- In the United States, a publicly traded company
- Low transaction costs
- Major popular cryptocurrencies are available for trading, and more are constantly added.
- Extremely safe
- Coinbase Pro is a sophisticated trading platform with low fees for high-volume transactions.
- Secure login in a modern mobile app
- Accepts ACH, Debit Card, Wire Transfer, and PayPal payments.
- Debit Card and PayPal funds are instantly available after the account is verified.
Cons
- Not all cryptocurrencies can remain traded.
- Does not serve residents of Hawaii.
Binance.Us
Similarly, Binance.us is a newer US-based crypto exchange managed and run by Binance, the world’s top crypto exchange. Binance.us, the world’s leading business, offers one of the best rates, and low trading fees. Also, trading of a wide range of cryptocurrencies.
Binance, founded in 2017 by China’s Changpeng Zhao, remain initially registered in China but later relocated its headquarters to the Cayman Islands due to China’s cryptocurrency regulations. In the United States, Binance is currently prohibited. As a result, Binance and some investors established Binance.us in 2019 and registered to trade in the United States except for seven states: Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, and Vermont. Crypto Exchange in the United States
Pros
- It has low trading fees of 0.1 percent for sports trading with a minimum of $10 and 0.5 percent for instant buy and sells.
- Over 50 cryptocurrencies are available for trading.
- Provides 50 crypto-to-crypto pair trading.
- Apps for iOS and Android that are extremely secure are available.
- Trust wallet, a user-friendly official wallet app
Cons
- The platform is not as simple as Coinbase or Robinhood for beginners and retail investors.
- Binance is a US-based company.
- There are only 50 cryptocurrencies that can remain traded. However, more remain added all the time.
- Some states do not have it.
- Customer service is only available via email.
Conclusion
Similarly, There are numerous crypto exchanges where US citizens can buy, and sell. Also, stores Bitcoin and other cryptocurrencies. Based on my own experience and online references, Also, I have listed the top crypto exchanges in my list that are suitable for US citizens in this article.
Disclaimer:
Likely, This article remains provided solely for informational purposes. The author expresses his personal opinions and does not recommend that readers buy, sell, or trade Bitcoin, altcoins, or other cryptocurrencies. Furthermore, the author has no affiliations or relationships with companies or exchanges. Finally, please remember that some information may remain outdated when you read this article. For more accurate information, please visit the websites of reputable companies.