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Quick Look: Best U.S. Exchanges
Best overall: Coinbase
Best for experienced traders: Binance.US
Best for crypto rewards: Crypto.com
Best for security: Gemini
Best for low trading fees: Kraken
1.Coinbase
Best Overall
Coinbase is the most popular and successful cryptocurrency exchange based in the United States, and offers an extremely user-friendly UI and trading experience.
Importantly, Coinbase has never suffered from a major cryptocurrency hack and has a strong security record. In addition to protecting user funds, Coinbase actively prevents users from sending cryptocurrency to known scam addresses, providing newer traders with an extra layer of protection. Fiat assets held on Coinbase are FDIC-insured, which means fiat currency deposited on the Coinbase platform by United States residents is insured up to a maximum of $250,000.
ID requirements
US residents will need to provide a valid government-issued ID when verifying an account with Coinbase in addition to a selfie image.
Trading fees
Coinbase doesn’t offer the most competitive fees in the market today, with taker fees between 0.05% and 0.60% and maker fees from 0% up to 0.40%. The fees are offset by the high level of security that Coinbase offers.
Supported cryptocurrencies
Coinbase supports a diverse range of 200+ cryptocurrencies including BTC, ETH, DASH, EOS, LINK, XRP, and many more. Tether, however, is not supported by Coinbase — US Coinbase users are provided with USDC as a USD-pegged stablecoin instead.
2. Binance.US
Best for experienced traders
Binance.US is a dedicated US-only version of Binance, one of the most popular and widely used cryptocurrency exchanges in the world. The Binance.US platform was launched to comply with specific US regulatory requirements for cryptocurrency exchanges, and, like Coinbase, is based in San Francisco.
Despite the relatively limited selection of crypto assets available on Binance.US, the Binance UI is largely unchanged, making it ideal for pro traders and crypto investors seeking more complex trading tools. It’s important to note, however, that Binance.US is not currently available for US traders based in NY.
ID requirements
Like Coinbase, Binance.US demands a government-issued ID and a selfie image to verify an account.
Trading fees
Binance offers a 0.5% fee for buy/sell transactions.
Supported cryptocurrencies
Binance.US supports more than 100 cryptocurrencies which include BTC, ETH, and SOL.
3. Crypto.com
Best for crypto rewards
Crypto.com is a Hong Kong-based exchange founded in 2016. The exchange allows US-based users to buy, sell, and trade cryptocurrencies and NFTs on the Crypto.com mobile app.
Crypto.com is not available in the state of New York.
A wide range of cryptocurrencies
Crypto.com has a wide range of cryptocurrencies available for investors — with more than 250 different cryptocurrencies available as well as an NFT marketplace!
Interest rewards
When you hold cryptocurrencies like Bitcoin, Ethereum, and USDC on Crypto.com, you can earn interest rewards!
Cashback rewards
Crypto.com offers debit cards to users with cashback rewards as high as 5%. Rewards vary based on how much CRO — Crypto.com’s cryptocurrency — you stake.
Varying fee structure
Crypto.com offers lower fees for high-volume traders. Depending on your 30-day trading volume, your fees will range from 0.036% to 0.40%.
4. Gemini
Best for security
Gemini is one of the few US-based exchanges that are fully compliant with NY state law. Launched by the Winklevoss brothers in 2014, Gemini is a highly regulated crypto exchange platform that works closely with regulators to ensure compliance — which can make the Gemini verification process somewhat complicated.
All USD deposits made to Gemini are FDIC insured, which makes Gemini an attractive option for large-scale crypto traders and institutional traders. Gemini is currently the custodian of over 1 percent of the world’s total Bitcoin volume and is subject to New York banking law — making it the most secure option for US-based crypto traders.
ID requirements
Gemini enforces stringent ID verification requirements, demanding government-issued photo ID, address verification with a utility bill less than 90 days old, and a selfie image.
Trading fees
Gemini’s fees for makers range between 0.00 - 0.25%. Fees for takers range between 0.03% - 0.35%. The more crypto you are buying/selling, the lower your fees.
Supported cryptocurrencies
Gemini offers more than 90 supported cryptocurrencies including BTC, ETH, and SOL.
5. Kraken
Best for low trading fees
Kraken is one of the longest-running cryptocurrency exchanges in the United States and offers a relatively straightforward approach to cryptocurrency trading. Unlike Coinbase, Kraken is primarily focused on experienced crypto traders and offers complex trading services such as margin trading.
You can access your Kraken account through the web and through the official Kraken mobile app.
At this time, Kraken can be accessed in all US states apart from Washington State and New York. The services provided to US traders by Kraken include all of the trading options made available to international traders, except EUR trading pairs or deposits for residents of New Hampshire or Texas.
ID requirements
Kraken requires government-issued ID and address verification for US-based traders.
Trading fees
Kraken trading fees range between 0.16% and 0.26% for traders with less than $50,000 in monthly trade volume.
Supported cryptocurrencies
Kraken offers support for more than 185 cryptocurrencies including BTC, ETH, and ADA.
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