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Best Crypto Trading Platforms USA

Investing in traditional markets and assets has always held high interest. Such investments are often the first choice of investors. However, recent years have seen growing interest in cryptocurrencies and other digital assets. The surge in the value of Bitcoin (BTC) and Ethereum (ETH) drew investors in droves. This interest has seen dozens of crypto trading platforms commence operations in the USA. You have several choices if you want to purchase crypto in the US. However, selecting a trading platform can be a difficult task.

In this guide, we will look closer at the best crypto trading platforms in the USA and help narrow your search. We will look at factors such as ease of use, fees, and available assets and select the best crypto trading platform in the USA.

Key Points

  • Crypto trading platforms make it easy for investors to buy, sell, and trade digital assets. 
  • These platforms offer strong security, fast transactions, and low fees. 
  • Ensure you use a reputable and regulated crypto trading platform to trade assets. 
  • Platform fees can make a considerable dent in your finances. Ensure you understand a platform’s fee structure before selecting an exchange.

Best Crypto Trading Platforms In The USA

When looking for the best crypto trading platforms in the USA, users will want to compare the available options to see which platforms provide the lowest fees, allow trading in multiple cryptocurrencies and the payment deposits available at your disposal.

In the sections below, we will list the top crypto trading platforms in America.

  • eToro Best crypto trading platform in the USA 2024
  • Coinbase – Excellent trading platform for beginners and retail traders
  • Crypto.com – Excellent choice for those looking to purchase crypto using debit cards
  • Binance.US – Known for its low transaction speeds
  • Kraken – One of the safest crypto trading platforms in the world
  • Gemini – One of the most user-friendly exchanges
  • Bittrex – Offers an expansive selection of cryptocurrencies 
  • Coinmama – A basic, easy-to-use crypto trading platforms

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. 

What Is A Crypto Trading Platform?

Before we proceed with our guide on the best crypto trading platforms in the USA, let’s understand what they are. Crypto trading platforms or crypto exchanges work similarly to traditional stock exchanges. They allow traders to buy, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc. These platforms function as a digital asset marketplace and can be accessed through mobile apps, desktop apps, and web browsers.

These altcoin trading platforms also provide many trading tools and features, such as margin trading, lending, futures, and options trading. These platforms charge a small fee on transactions to facilitate crypto trading. These fees are based on your transaction volume and type.

Before the advent of crypto trading platforms, individuals could only access crypto through mining or direct peer-to-peer transactions. However, hundreds of cryptocurrency trading platforms are operating globally today, and dozens in the United States of America. Now, let’s look at our list of the best crypto trading platforms in the USA in more detail.

Best Crypto Trading Platforms Reviewed

Traders researching for the best crypto trading platforms in the US will discover it’s never been easier. This is especially the case when opting to sign up with an online platform.

Below is a list of the top crypto trading platforms and brokers that allow US traders to access digital assets in a low-cost manner.

In these reviews, we include information surrounding fees, ease of use, features, alternative assets, and much more. This should alleviate some of the stress of deciding where to trade crypto in the USA.

1. eToro – Best crypto trading platform in the USA

eToro is our choice for the best crypto trading platform in the USA, and it comes with a plethora of features for beginners and advanced traders. It is also touted as one of the most secure trading platforms in the crypto space, offering a simple and intuitive user interface. As a result, traders on the platform can access a seamless trading experience on desktop or mobile. eToro also offers several features and a highly active community.

eToro Crypto Trading Platform USA

The platform has a long history, having been founded in 2007 in Tel Aviv by two brothers, Yoni Assia, and Ronen Assia, along with a third founder, David Ring. eToro launched its FX trading venture in the same year and launched its hugely popular Copy Trading and Social Trading features in 2010. Litecoin expanded its operations in 2013, branching into stock trading, commodities trading, and currency trading.

eToro also expanded into the Asian, Australian, and European markets. In 2017, the platform began offering cryptocurrencies, starting with Bitcoin. It soon expanded its crypto operations to offer other major cryptocurrencies such as Litecoin and XRP. Besides cryptocurrencies, eToro supports traditional markets such as stocks, ETFs, indices, commodities, and index funds.

Payment Methods

eToro offers a high level of convenience to users. One factor that contributes significantly to this high degree of convenience is the number of payment methods supported by eToro. The platform supports debit cards, credit cards, bank wire transfers, and eWallets like PayPal, Skrill, and Neteller.

Fees

Let’s look at the fees on eToro. The eToro platform uses a flat fee structure to simplify things for its users. Users must pay a 1% fee on their crypto trades, while the platform also does not charge any fee for holding user assets. The minimum trade size on the platform is just $10, and traders can also access a demo account and automated trading tools. eToro also offers users fractional investing, allowing traders to own small portions of different assets, lowering the entry barrier to investing.

Regulations

eToro is a highly regulated and secure platform. Currently, it is regulated by four entities. These are the CySEC, SEC, ASIC, and FCA.

Cryptocurrencies Supported

eToro supports several major cryptocurrencies, although the platform’s offerings are limited compared to other platforms. eToro offers over 80 cryptocurrencies, including all the major ones. Popular cryptocurrencies on the platform are:

  • Bitcoin (BTC) 
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Dash (DASH)
  • Cardano (ADA)
  • Solana (SOL)
  • Bitcoin Cash (BCH)
  • XRP (XRP)
  • Aave (AAVE)
  • Chainlink (LINK)
  • Uniswap (UNI)
  • Stellar Lumens (XLM)
  • Polygon (MATIC)
  • Litecoin (LTC)

eToro Features

eToro offers users several features, such as Copy Trading, Smart Portfolios, and Social Trading.

Copy Trading

Copy Trading allows users on eToro to mirror the trades of professional traders, allowing them to earn a passive income. This enables users to take advantage of experienced traders and their trades, significantly reducing the time spent researching trades. Users can choose from thousands of traders depending on their trading goals. Some traders focus on single assets and markets, while others diversify and invest in several assets.  

However, Copy Trading is not without risks. There is no guarantee that trades placed by the professional trailers will be successful. While the chances of a successful trade are high, there is always the possibility of making significant losses. Additionally, the minimum investment required for copy trading is on the higher side at $200, ensuring a significantly high entry barrier.

Smart Portfolios

Smart Portfolios is similar to Copy Trading and allows traders to invest in a basket of assets chosen by the team at eToro. Professionals manage Smart Portfolios, so all you have to do is invest and leave the rest to the eToro team. Once you have made the investment into your preferred basket of assets, eToro will handle all metrics related to the investment.

Social Trading

eToro has often been called the social trading platform, as it allows users to interact with one another directly. Users can view trades, discuss market developments, comment on other trades and assets, or simply “Like” the activity of other traders.

Pros:
  • Overall best crypto trading platforms in the USA
  • Offers innovative features such as Copy Trading, Smart Portfolios, and Social Trading
  • Highly user-friendly
  • Regulated by the FCA, CySEC, SEC, and ASIC
  • It supports several payment methods, including debit cards, credit cards, bank wire transfers, and e-wallets
Cons:
  • Crypto assets on offer are limited compared to other platforms

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. 

2. Coinbase – Excellent trading platform for beginners and retail traders

The next platform on our list of best crypto trading platforms in the USA is Coinbase. Coinbase is the largest crypto trading platform in the USA when it comes to trading volume. It is also one of the most active trading platforms in the USA, with its current 24-hour trading volume at $2.2 billion. Coinbase also became the first crypto trading platform to go public when it was listed on Nasdaq in 2021. These developments have made Coinbase a household name in the USA.

Coinbase Crypto Trading Platform USA

Coinbase was launched in 2012 and has established itself as one of the best platforms in the crypto space. It supports major cryptocurrencies such as:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether (USDT)
  • Litecoin (LTC)
  • Dogecoin (DOGE)
  • Solana (SOL)
  • Ripple (XRP)
  • Decentraland (MANA) 
  • Polygon (MATIC)
  • Stellar Lumens (XLM)

You can find the full list of supported cryptocurrencies on the Coinbase website. Coinbase also supports NFTs, and users can earn passively, with the platform offering an interest rate of 6% on eligible assets. Users can use debit cards, credit cards, bank wire transfers, and e-wallets for payment methods. The platform also supports major fiat currencies such as EUR, USD, and GBP.

Coinbase Security

Coinbase is one of the most secure crypto trading platforms in the world. It is fully compliant with all relevant KYC and AML requirements. To secure funds, Coinbase stores them offline, with only a small portion of user funds held in hot wallets. The platform has also made two-factor authentication mandatory, adding another layer of security for users. Two-factor authentication requires users to enter a unique code sent to them whenever they wish to access their Coinbase account.

Fees

Coinbase is one of the most expensive crypto trading platforms on our list. The platform charges a 3.99% fee on users who purchase crypto using a debit card. While bank deposits are free, users must pay a commission of 1.49% on all buy or sell orders on the platform. On the other hand, the Coinbase Pro platform offers currency pairs that can be traded at commissions starting at 0.50%.

Pros:
  • It is a highly regulated platform
  • It is user-friendly and offers a clean interface
  • Supports a variety of payment methods, including debit cards, credit cards, PayPal, and bank transfers
  • Dedicated mobile app
  • Allows users to earn a passive income
Cons:
  • Expensive and complicated fee structure
  • Customer support needs to be better

3. Crypto.com – Excellent choice for those looking to purchase crypto using debit cards

The next platform in our guide on the best crypto trading platforms in the USA is Crypto.com. Crypto.com is widely regarded as one of the best global platforms for cryptocurrency trading. The platform offers over 250 cryptocurrencies and is relatively easy to use. Creating an account on the platform is straightforward and only takes a few minutes. You can also fund your account using fiat or crypto.

Crypto.com Trading Platform USA

Fees on crypto.com are quite reasonable as well. All trades on the platform attract a 0.4% fee. However, users can avail of an even lower fee using the platform’s native CRO token. Using the CRO token significantly reduces the trading fees paid on the platform. Crypto.com also offers a dedicated mobile application. However, any trade conducted using the mobile app attracts a higher fee of 2.99 per trade.

Crypto.com also offers one of the best free crypto wallets, supporting over 100 assets. Users can also access a crypto interest account, Crypto Earn, which offers up to 14.5% interest on specific tokens. Crypto.com also offers a dedicated NFT marketplace that charges low fees.

Crypto.com has been quite aggressive in its marketing campaigns in the USA, recruiting the likes of Matt Damn and LeBron James. Apart from the marketing campaign, several other factors have helped the platform significantly grow its user base in the USA. This is because it offers a user-friendly yet professional interface, quick transaction speeds, support for many cryptocurrencies and trading pairs, and a smooth onboarding process.

Pros:
  • Allows users to earn interest on their crypto
  • Vast selection of cryptocurrencies on offer
  • Low platform and trading fees
  • Users can easily convert fiat into crypto and vice versa
  • Beginners could find the interface overwhelming at first
Cons:
  • Customer service often needs to improve
  • The platform lacks educational resources

4. Binance.US – Best for low transaction speeds

The next platform on our list of best crypto trading platforms in the USA is Binance.US. Binance, the platform’s parent entity, is the largest crypto trading platform by trading volume. However, US-based customers cannot trade on the platform. Instead, they are redirected to Binance.US. Binance.US is one of the best crypto trading platforms in the USA and offers an excellent suite of products coupled with a vast selection of cryptocurrencies. The platform offers an intuitive website and a dedicated mobile app that is considered one of the best.

Binance Crypto Trading Platform USA

The Binance platform offers hundreds of cryptocurrencies, meaning investors have plenty of options. The platform also facilitates staking with over 16 coins available. However, there is some uncertainty around staking on Binance.US due to recent action by the Securities and Exchange Commission. The SEC has alleged that staking services offered by Binance violate federal securities laws.

Fees on Binance.US are extremely competitive, with the platform offering zero-fee trading for Bitcoin. This significantly impacts the bottom line for active and high-volume traders. However, Binance.US is not available to users in New York, Texas, Vermont, and Hawaii. The platform has been embroiled in regulatory scrutiny, which has cast a cloud of uncertainty around it.

The United States Securities and Exchange Commission has been clamping down on crypto platforms in the USA. This is being done to carve out a favorable regulatory environment for the crypto trading platforms and their users.

Fees

Users on the Binance.US are slightly higher than those on the main Binance platform. However, these fees are still lower than those levied by some platforms mentioned in our guide. Binance employs a maker/taker fee structure based on trading volumes and BNB token balance. Users on Binance.US can avail of further discounts by using referral bonuses, BNB coins, or reaching the platform’s VIP tier.

Trading Experience

Users on Binance can place their trades through the Binance.US website or the mobile and desktop app. They can also view order books and price charts and access their portfolio and trade history. Binance.US also offers several order types: stop orders, limit orders, stop limit orders, stop market orders, and trailing stop orders. The platform also offers several trading views, such as OTC, Margin, and Classic.

Security

Binance.US uses two-factor authentication to secure accounts on the platform. Users are sent a unique code they must enter whenever they wish to access their account. The platform also uses several other security measures to ensure user account safety. These include address white-listing and device management. However, Binance and Binance.US’s troubles with regulatory authorities remain a cause for concern. The main Binance platform recently paid a record fine to the Securities and Exchange Commission. CEO Changpeng Zhao had to step down as part of a deal with regulatory authorities.

Pros:
  • The platform supports a vast array of cryptocurrencies
  • Offers robust technical indicators
  • Low commissions and trading fees
  • Friendly customer support
Cons:
  • Charges a 2% deposit fee on credit and debit card deposits

5. Kraken – One of the safest crypto trading platforms in the world

Kraken is the next platform in our guide on the best crypto trading platform in the USA. The platform was founded in 2011 and formally launched its trading operations two years later, in 2013. Payward Inc. owns the platform. David Ripley is the platform’s current CEO, replacing co-founder Jesse Powell in 2022. The platform is based in San Francisco and enables the trade of cryptocurrencies using fiat currencies. Major currencies supported on the platform include the Japanese Yen, US Dollar, Euro, and Canadian Dollar.

Kraken Crypto Trading Platform

As of 2023, Kraken is the world’s third-largest crypto trading platform, with its daily trading volume regularly surpassing $300 million. Kraken offers traders access to over 200 cryptocurrencies and 600 cryptocurrency pairs on its platform.

In 2014, Kraken and Coinbase were chosen to provide market data on Bitcoin trading to the Bloomberg Terminal. The platform’s association with Bloomberg helped Kraken gain considerable popularity among traders, with Bloomberg clients accessing cryptocurrency prices, charts, news, and social media channels through Bloomberg services and terminals with the help of Kraken.

Cryptocurrencies On Kraken

Kraken offers users hundreds of cryptocurrencies. Prominent digital assets offered on the platform include:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Dogecoin DOGE)
  • Solana (SOL)
  • Litecoin (LTC)
  • Sushiswap (SUSHI)
  • Stellar Lumens (XLM)
  • Cardano (ADA)
  • Uniswap (UNI)
  • USD Coin (USDC)
  • Dai (DAI)
  • Tether (USDT)

You can access the complete list of supported cryptocurrencies on the Kraken website. Additionally, Kraken supports major fiat currencies such as EUR, GBP, and USD. Kraken users can also access margin accounts, along with futures trading. Retail investors can trade on Kraken’s primary platform, while experienced traders can use Kraken Pro.

Trading Experience

Kraken offers users two distinct platforms, Kraken and Kraken Pro. The Kraken trading platform is ideal for beginners, and users can quickly verify their accounts and begin trading. Additionally, traders can purchase crypto using their bank account instead of having to fund their trading account and then purchase crypto. They can also sell or convert their assets directly from their trading account.

Now, let’s look at Kraken Pro. Kraken Pro is Kraken’s professional trading platform, offering traders advanced trading tools to execute complex trades. Users can access detailed asset information and active charts. All users on Kraken can access Kraken Pro.

Fees On Kraken

Fees depend on the platform you are using and the trades you enter. The Fees also depend on the spread fees prevailing on the primary Kraken platform. Kraken charges a percentage of the total transaction value of the trade and a spread. Fees are displayed when making the trade, allowing you to view the fee structure before confirming it. There are additional fees as well that depend on the funding method. These fees include credit and debit card fees.

Kraken Pro charges considerably lower fees than the primary Kraken platform. Fees are based on the trader’s trading volume over the past 30 days. However, most trades are subject to a 0.16% maker fee and a 0.26% taker fee.

Regulation

Kraken is one of the most secure trading platforms on our list. FinCen regulates the platform in the USA and FINTRAC in Canada. In the UK, the platform is regulated by the FCA. Other regulatory bodies that regulate the platform are AUSTRAC in Australia and FSA in Japan.

Pros:
  • Highly regulated trading platform
  • Offers excellent customer support
  • Highly regulated, secure platform
  • Excellent selection of crypto assets
  • The Kraken Pro platform offers advanced features for professional traders
Cons:
  • Limited deposit and withdrawal methods
  • Fees and minimum requirements are on the higher side

6. Gemini – One of the most user-friendly exchanges

Gemini is the next platform in our guide on the best crypto trading platforms in the USA. The Gemini platform offers users over 100 cryptocurrencies to buy, sell, and trade. Gemini is a platform with a strong focus on security and compliance. Users on the platform can access crypto, along with several related products and services. This includes a cryptocurrency rewards credit card, a built-in hot wallet, and the option to make payments in crypto.

Gemini Crypto Platform

Gemini was founded by the Winklevoss twins, Tyler and Cameron Winklevoss, after they faced considerable problems in storing their own crypto assets. Gemini operates on four primary pillars: product, security, licensing, and compliance. The platform’s primary goal is to establish and maintain the trust of its users by offering a secure and compliant trading platform.

While the platform places considerable importance on security and compliance, it offers significantly fewer cryptocurrencies than other platforms on our list. Despite its smaller offering, Gemini is considered one of the best trading platforms for retail and experienced investors alike. Gemini was also the first SOC 2-certified cryptocurrency platform. Third-party auditors provide this certification and assess a company’s security and compliance levels.

Gemini is available in several jurisdictions apart from the USA. This includes the UK, Singapore, Canada, Hong Kong, and South Korea.

Cryptocurrencies Offered

Let’s look at the cryptocurrencies offered by Gemini. As mentioned earlier, Gemini offers considerably fewer cryptocurrencies than the other platforms on our list. Some of the popular assets available on the platform are:

  • Bitcoin (BTC)
  • Dogecoin (DOGE)
  • Cardano (ADA) 
  • USD Coin (USDC)
  • Tether (USDT)
  • Ethereum (ETH) 
  • Uniswap (UNI)
  • Sushiswao (SUSHI)
  • Litecoin (LTC) 

Fees On Gemini

Gemini’s fee structure differs from the other platforms on our list, which use a tiered maker/taker model. Fees on Gemini depend on the amount being traded and the platform being used. Gemini uses a different fee structure for its mobile and desktop platforms. Fees on the platform can go up to $2.99 for trades greater than $50 but less than $200. Trades greater than $200 attract a fee of 1.49%.

While Gemini is transparent regarding fees, the platform’s fee structure is notoriously complicated. Additionally, the fees are higher than some of the platforms mentioned in our guide. When it comes to payment methods, Gemini accepts only bank wire transfers. There is no support for debit cards, credit cards, and e-wallets. However, users can fund their accounts using cryptocurrencies.

Trading Experience

Gemini offers an intuitive and user-friendly interface, ideal for beginners. It also provides a dedicated mobile application suitable for trading on the go. Beginners and retail traders will appreciate the platform’s buy and sell option and its extensive FAQ and support page. Meanwhile, experienced traders will be drawn to Gemini’s ActiveTrader platform. The ActiveTrader platform offers multiple order types and advanced charting tools, allowing users to execute trades faster.

Users must complete an extensive identity verification process to access Gemini’s comprehensive list of trading features. They must also upload a government-issued identity card and proof of residence.

Security

Gemini is known for its security and compliance. The platform offers industry-standard security features such as two-factor authentication, wallet address white-listing, and the ability to approve devices that can log in. Users will also be unable to access the full suite of trading features without completing a stringent KYC process. Users must upload a government-issued photo ID and proof of residence as part of the platform’s compliance measures. The KYC measures are designed to reduce the risk of fraud on the platform.

Gemini is also SOC 2-certified, highlighting the platform’s commitment to compliance and security. Additionally, US Dollar deposits up to $250,000 are insured by the FDIC, with the platform also offering digital asset insurance for assets held in its hot wallet. This helps protect user funds in the event of a breach.

Gemini is also considered one of the leading trading platforms for customer service. It offers a comprehensive help section where users can find answers to most of their queries. They can raise a support ticket if they wish to contact a representative. However, Gemini does not offer live support for users.

Pros:
  • The FDIC insures USD deposits
  • Supports over 80 major cryptocurrencies
  • Offers institution-grade security for user accounts
  • It is a highly liquid platform, making it popular with institutional investors
Cons:
  • Charges a commission of 0.50% per slide
  • A complex user interface could overwhelm beginners and casual traders

7. Bittrex – Offers an expansive selection of cryptocurrencies

Bittrex was established in 2013 by three cybersecurity experts. The platform is based in the USA and is well known for its expansive selection of cryptocurrencies. The platform supports all major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, Solana, XRP, etc.

Bittrex Crypto Trading Platform

Bittrex is known for its robust security and employs a multi-stage wallet strategy, with 90% of funds stored offline. The platform enforces a flat fee of 0.35%. While this fee is competitive, it is higher when compared to some other trading platforms. Bittrex has an easy-to-use and intuitive user interface, making it suitable for beginners and experienced traders. It offers insightful and easily accessible data on cryptocurrencies, helping traders make informed decisions.

Funding Methods

Regarding payment modes, Bittrex allows users to use debit cards and bank wire transfers. The platform also enforces mandatory two-factor authentication, adding a layer of security to user accounts. However, the platform does not support margin trading, which can be seen as a significant disadvantage for advanced traders who want to leverage their positions. 

Pros:
  • Bittrex is a highly secure trading platform
  • Low fees on top traded altcoins
  • Offers a comprehensive educational and FAQ section
  • Customer support could be better
Cons:
  • Beginners may find the platform overwhelming

8. Coinmama – A basic, easy-to-use crypto trading platforms

Coinmama is an easy-to-use crypto trading platform that supports a small section of cryptocurrencies. However, the platform does not offer users a dedicated wallet. The platform is not suited for advanced traders who may want to access tools and products. Unlike other trading platforms that offer a complete suite of products, Coinmama offers only basic trading facilities. The platform is ideal for beginners with little or no crypto trading experience.

coinmama Crypto Trading Platform

The platform was established in 2021 and has achieved considerable popularity since its inception. It is headquartered in Ireland and supports major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Cardano, and others.

The platform is available in nearly 200 countries and 48 US states. However, it is not available in Hawaii and New York. Users on the platform can purchase crypto using debit cards, credit cards, bank wire transfers, Apple Pay, and Google Pay.

Cryptocurrencies Available

So far, the platforms on our list are those that offer hundreds of cryptocurrencies. However, Coinmama offers only a limited selection. Cryptocurrencies supported on the platform include:

  • Bitcoin (BTC)
  • Cardano (ADA)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Litecoin (LTC) 
  • Ripple (XRP)
  • Tezos (XTZ)
  • Dogecoin (DOGE)
  • Ethereum Classic (ETC)

Trading Experience

Coinmama offers a very user-friendly trading experience that is ideal for beginners. However, trading options are limited. The platform does not support crypto-to-crypto trading, and users can only sell BTC using the platform. To trade other assets, you will have to use another platform. Assets on Coinmama also require a minimum purchase amount. For example, the minimum amount needed to purchase BTC is $50.

Regarding fees, the platform charges a percentage of each transaction. The fees vary depending on the account tier, with Coinmama offering three tiers. These are,

  • Curious – Transactions under $5000 in 90 days 
  • Enthusiast – Transactions over $5000 in 90 days 
  • Believer – Transactions over $18,000 in transactions over 90 days, over $50,000 in total transactions.

Users in the Curious tier pay a 3.9% fee per buy or sell transaction, while Enthusiasts pay 3.41% and Believers pay 2.93%.

Pros:
  • Offers an easy way for beginners to purchase crypto
  • Offers multiple payment options
  • Quick verification
  • Its simple user interface makes it an excellent choice for beginners
Cons:
  • Debit and credit card deposits add a 5% fee to the trade
  • Fees are on the higher side

How To Choose A Trading Platform

There are several crypto trading platforms available in the USA. This makes selecting one that fits your trading needs a little tricky. Maintaining a checklist when choosing a platform makes things considerably more manageable. When selecting a platform, consider factors such as payment modes, fees, assets offered, and markets.

User Experience

A user-friendly crypto trading platform makes the trading experience more straightforward for beginners. The best crypto trading platforms give users a user-friendly and intuitive interface, clear price charts, simple navigation, and advanced trading features. They must also provide customers with a dedicated customer support platform and a detailed FAQ section.

Assets Offered

The trading platform must allow users to access markets and offer hundreds of cryptocurrencies. For example, eToro and Binance offer users access to hundreds of markets and cryptocurrencies. A platform that offers a vast selection of cryptocurrencies allows you to diversify your portfolio. Always select a platform that provides a more extensive selection of assets so you can diversify your assets efficiently.

Liquidity

You must always select a platform that has high liquidity. High liquidity allows trades to be completed without any hassles. Platforms with a high level of trading activity tend to have a higher level of liquidity. High liquidity also reduces investment risks by ensuring price stability. You can measure a platform’s liquidity by checking an asset’s bid-ask spread. The lower the spread, the higher the liquidity.

Trading Tools

The trading platform must provide users with tools and features that simplify their trading experience. At the same time, the platform must also provide tools and features to help traders analyze their trades, develop advanced trading strategies, and automate the trading process. Your chosen platform must offer the following:

  • Copy Trading and Social Trading 
  • Crypto trading bots 
  • Third-party compatibility 
  • Dedicated educational resources 
  • Expert analysis 
  • Leverage trading and margin trading 

Customer Service

Cryptocurrencies are known for their volatility. This makes trading them considerably risky. This is why prompt and dedicated customer support is important. Trading platforms must provide customer support options like email, live chat, phone, and text support. The trading platform must also offer a dedicated FAQ section for users.

How To Sign Up with Crypto Trading Platforms

This section will look at how you can sign up on a trading platform and purchase crypto. For this example, we will use eToro, as it is our choice for the best crypto trading platform in the USA.

Step 1: Create An Account

Sign up via etoro

The first step is to open an account on the platform. Visit the eToro website and click on the “Create Account” button. You will then be prompted to enter your email ID. Once you have entered your email ID, create a strong password for your eToro account and click on “Sign Up.”

Step 2: Upload Your Documentation

For the next step, you must provide your personal details and documentation to eToro. This is required by the platform to comply with KYC and AML regulations. You must provide information such as name, phone number, email address, date of birth, and country of residence. You must also upload proof of residence and a government-issued ID card.

Step 3: Deposit Funds

Deposit funds on eToro

Once your account is verified, you can deposit funds into your eToro account. The eToro account requires a minimum deposit of $20. You can use several deposit modes, such as debit cards, credit cards, bank wire transfers, and e-wallets like PayPal. USD deposits do not attract a deposit fee. However, deposits in other currencies attract a deposit fee of 0.5%.

Step 4: Search For Crypto Assets

eToro listed Coins

Once your account is verified and funded, you can begin trading. Search for the asset you want to trade. eToro has a thorough search function on its platform. You can browse the assets available on the platform using the “Search” function.

Step 5: Place Your Trade

The last step is placing your trade. Once you find the asset you wish to trade, click the “Trade” button, as shown in the image below. Once you enter the requisite information, click the “Open Trade” button and place your trade.

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. 

Crypto Trading Platforms In The USA: Conclusion

This wraps up our guide on the best crypto trading platforms in the USA. In this guide, we have reviewed some of the most popular platforms operating in the USA and seen how they stack up against one another. Our guide found eToro to be the best crypto trading platform in the USA. This is because of several factors, such as ease of use, assets offered, and features such as Copy Trading, Social Trading, and Smart Portfolios.

However, eToro fails to offer advanced trading tools and technical analysis, which is a disadvantage for advanced traders. Lastly, when selecting a crypto trading platform, always consider factors such as trading tools, fees, asset availability, customer support, ease of use, markets, and customer support.

Editor Checked Reviewed and Fact Checked by Kamal Masri, Fintech and Crypto Editor and Financial Analysts.

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eToro Exchange

  • Best Copy Trading Platform of Professional Traders
  • Over 80 cryptos to trade
  • Minimum deposit only $10
  • Free Demo Account, Crypto Wallet
  • Open to US & Worldwide – Accepts Paypal
  • Staking Rewards, Educational Courses
Our Rating

5 Stars

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

FAQs

Is Crypto Trading Legal In The USA?

Yes, cryptocurrency trading is legal in the USA. Most crypto trading platforms operating in the USA are licensed and regulated by the SEC and FINRA.

A crypto trading platform facilitates the purchase of cryptocurrencies and digital assets. Traders can use these platforms to buy, sell, and trade crypto assets at nominal fees.

Our guide found eToro the best crypto trading platform in the USA. The platform offers an intuitive and user-friendly interface and features such as Copy Trading and Social Trading.

You must consider several factors when selecting a crypto trading platform. These are the assets offered, user-friendliness, liquidity, supported payment modes, and fees on the platform.

Most traders agree that Binance.US is one of the cheapest crypto trading platforms. The platform charges only 0.10% in commission. However, the platform’s deposit fees are higher if you use a debit card to deposit funds. A cheaper option is eToro. eToro does not charge any commissions on crypto trades, and debit card deposits attract only a 0.5% fee.