Are cryptocurrencies the future of the world’s finance industry? Will they be able to beat fiat currencies and other payment systems and offer us a better world? These are the questions that have been boggling many a crypto enthusiasts for quite a while. Therefore, they decided not to leave anything up to chance and started to buy bitcoin.
People adopt different strategies – some trade cryptocurrency while others just hold. Regardless of your strategy and chosen crypto, you need to be a member of an online cryptocurrency exchange in order to obtain cryptos.
If you live in the US, you should feel thankful as it is one of the countries where many crypto exchanges are available. However, not all of them are worth your time and money, so we narrowed the selection down to a couple of the most important (and best) ones that you should consider joining. Let’s take a look.
Kraken is a US-based online crypto exchange with its headquarters currently being in San Francisco. Although it is available in the US, it has the biggest euro trading volume. Nevertheless, US citizens love using this exchange as it offers great fees and sells cryptos at competitive rates. The exchange is available in all US states except for New York. Furthermore, people who live in the EU and Japan can also register at this platform which was established by Jesse Powell in 2011.
Some of the services that are currently available at Kraken are spot trading and margin trading. Furthermore, you can find a lot of useful trading option on the interface of this site, and it is overall considered suitable for traders who already have some experience in trading cryptos. Those who like trading in high volumes can also access OTC services and get a personal account manager.
CEX.IO has been in the business for a very long time, and it is currently regarded as one of the best in the industry, offering both brokerage services and trading options for crypto enthusiasts and professionals. What makes this crypto exchange stand out from the crowd is its simple and intuitive interface that makes it suitable for newcomers to buy their first cryptocurrency ever. All you have to do is complete the registration process, and you will have your crypto in no time. Some of the cryptocurrencies that are currently available for trade on this platform are BTC, ETH, XRP, and ETH.
Established in 2011, this crypto exchange platform is regarded as one of the leaders in the industry. The main difference between Bitstamp and other crypto exchanges is that Bitstamp doesn’t actually want to include many cryptos in their offer. Instead, the team behind this platform focuses on the quality of the service rather than quantity of cryptos in it. In fact, the exchange is pretty similar to CEX when in terms of coins, listed there: BCH, LTC, XRP, ETH, and, of course, Bitcoin. Some of the orders that you can place on Bitstamp include instant, stop, limit and market. US citizens may register on the platform via its subsidiary – Bitstamp USA.
Coinbase has been one of the most popular crypto exchanges in the US as it is both regulated and licensed in this country. Although it was just a Bitcoin brokerage service when it was created back in 2012, other types of services were added to make it an ultimate crypto exchange platform. One of the services that make Coinbase stand out is Coinbase wallet which is available for iOS and Android users.
The service originally focused only on BTC, but other cryptos were eventually added as well. Currently, Coinbase is available in more than 100 countries worldwide, making it one of the most popular platforms for exchanging cryptocurrencies.
Based on the name of this exchange, you could suggest that it is related to Coinbase somehow. If yes, you are not mistaken. Previously known as GDAX (Global Digital Asset Exchange), this platform got its name after it has been purchased by Coinbase. Its main distinguishing quality is usability for professional traders. Therefore, if you are just entering the world of cryptocurrencies, you should not register on Coinbase Pro until you are sure that you have gained enough experience at Coinbase which is mainly targeted towards newbies.
In addition to offering low fees, this crypto exchange also has high buying limits and several other features that suit professional traders. Furthermore, the platform allows to make a market, stop and limit orders, and each comes with “advanced user” settings that can let you further customize your trading preferences.
Gemini is an online exchange for cryptos established by Bitcoin millionaires known as the Winklevoss twins (hence the name Gemini which means twins in Latin). The platform is also based in the US and mostly focuses on US traders. One of its best features is its functionality, which is often described as both smooth and efficient. Furthermore, it is responsive as well as many users simply love how it works across a wide variety of devices.
Being an US-based (New York) cryptocurrency, it is regulated and licensed, which means that its security levels are very high and that you can feel safe while you trade on it. At the moment, the platform only supports Bitcoin and Ethereum, the two currently most popular cryptocurrencies.
To sum up, if you are a US citizen and decided to step with the times by buying cryptocurrencies, you are lucky as there are many platforms that are available in this country. Moreover, US citizens can use legit exchanges that are regulated and licensed, which means that by choosing them you will sure about the safety of your funds. Take a close look at the crypto exchanges we listed above and make sure to choose the one that meets your needs. Mind such aspects as available payment methods, fees, listed coins, etc. Good luck in dealing with cryptocurrency!