The United States of America (USA) is the country with the largest crypto market globally. This is in spite of the country’s resistance against crypto.
The first and biggest crypto companies, including exchanges, Bitcoin mining companies, and the likes were all created in the U.S before any other country. Even now, the country has the highest number of top crypto exchanges in the world.
Even though many of them have expanded their presence to other countries as a diversification strategy, they still remain true to the country, probably hoping that things will improve some day. In this guide, we highlight some of the biggest crypto exchanges in the U.S.
We’ll discuss their strengths and weaknesses so that if you’re considering using any of them, you’ll more easily know which one to choose.
Coinbase
As far as the U.S is concerned, Coinbase is the biggest crypto exchanges by trading volume. It isn’t only in the U.S though, Coinbase is one of the top crypto exchanges globally as well. It became the first crypto exchange to go public in 2021 which was a proud moment for the industry.
The exchange has a good number of crypto assets listed, over 260 that you can buy and trade easily using different methods such as debit and credit cards, or by swapping existing assets. One downside for Coinbase is that its fees are quite high, and it gets worse if you live outside of the U.S.
A major strength is that the exchange is easy to use, which has earned it a reputation as the beginners’ exchange. The exchange was created in 2012, so it’s also one of the oldest in the industry.
Kraken
Kraken is another household name in the crypto industry. The exchange has its best reputation in the area of security. Created in 2011, it is one of the very first crypto exchanges created but has no record of a security breach.
While it is not as simple as Coinbase, it is simple enough for anyone to use and also has a pro version that offers advanced tools for pro traders looking for more. Kraken supports over 350 crypto assets which you can buy and trade.
Its fees are quite low compared to Coinbase, making it easier to buy and trade assets on it. The exchange serves customers from all over the world and currently has over 10 million active users.
Gemini
Gemini is known as the crypto exchange of the Winklevoss Twins. They founded it in 2014 by the two brothers and the exchange has grown from strength to strength since then. It is currently one of the best exchanges to use in the U.S and around the world.
The platform has robust security architecture, with military grade encryption to protect it from any attackers. It has a fewer number of crypto assets, but all major assets like Bitcoin, Ethereum, etc are available to buy and sell.
Fees on Gemini are kind of on the high side, although not as high as Coinabase’s fees. Like the other exchanges, it offers services to not just American residents but also to several countries around the world.
eToro
eToro is not a native American exchange, but is one of those that have a strong presence in the country. Having its headquarters in Israel, the exchange is quite popular in Europe and is known for its social trading.
The social trading feature that allows beginners to learn trading by copying the trades of pro traders. Because of this, it is a platform for both beginners and pro traders.
It is also a multi-asset platform, which is what makes it different from the other platforms on this list. Apart from crypto, you can also invest in stocks and other assets on eToro. The fees are also quite modest, compared to Coinbase and Gemini
If you are entering in the crypto trading space, then you should definitely have a trading platform to trade. Nowadays, people prefer using AI trading bots like Quantum Income PRO as they make trading easier.
