Bitcoin is quickly becoming a popular cryptocurrency in the United States, and for good reason. The value has risen astronomically over the past few years, with some people even going as far as to buy houses with it!
But there are many cryptocurrency exchanges out there that are not US-friendly, so you need to know which ones support USD transactions.
Follow along below for a list of our favorite bitcoin exchanges that work in the US!
Our Top Picks
Cryptocurrency Exchanges USA
Cryptocurrency Exchanges United States
Are you looking for the best places to buy and sell cryptocurrency? You’ve come to the right place. We have reviewed all of the major trading platforms so that you don’t have to. In this article, we will tell you how each major platform compares in terms of security, usability, and features.
We hope that our list helps when it comes time for you to decide which exchange is best suited for your needs!
How do I purchase a Bitcoin?
There are many ways to purchase Bitcoin in the US but we recommend using a reliable broker that has a history of trust. The best way to find a broker that is right for you is by reading reviews and comparing the different fees they charge.
What is the best way to purchase Bitcoin?
Most exchanges offer bank wire or transfer which is usually the fastest, most convenient option with lower fees. Some exchanges also offer credit card which can be a relatively low cost option, but the processing time for purchases is usually longer.
Do I need to provide ID in order to purchase cryptocurrency?
Yes! Each exchange has their own policies on how far they will go with asking for your information and we recommend reading them carefully before you begin purchasing. KYC (know your customer) is a standard that is used in the finance industry and means that you are required to provide proof of who you are when dealing with a company.
What other cryptocurrency should I know about?
Bitcoin may be the most popular, but there are many cryptocurrencies out there which offer different benefits from Bitcoin or have become more stable over time. Many of the exchanges listed on this page give you access to buy, sell, and trade thousands of other coins.
What are the steps to buy Bitcoin?
The first step in purchasing Bitcoin is to find an exchange that offers the type of currency you would like. Here are some exchanges we recommend:
Coinbase: Coinbase is a cryptocurrency exchange that was founded in 2011 and is based out of San Francisco, California. Coinbase offers an easy way for new customers to purchase cryptocurrencies with USD by credit card or debit card. Once a customer has created their account on the site and entered all personal information as well as payment details, they can buy cryptocurrency using funds from any bank account.
Coinbase is one of the few cryptocurrency brokers and exchanges that has achieved a significant market share in the US. The exchange operates on an open-order book, order matching and trading platform which is accessible to retail traders that are not considered sophisticated.
Coinbase also offers cryptocurrency storage services – meaning it gives users access to cold storage options for their cryptocurrency holdings as well as providing insurance against both theft or hacking.
eToro: eToro started as a social trading and multi-asset brokerage platform. It has a large user base, with millions of registered users across the globe.
eToro is regulated by top-tier global regulators (e.g., CySEC), so you can be certain your funds are safe when they are on this exchange.
Kraken: Kraken is a popular crypto exchange with high volume and wide variety of cryptocurrencies available. It is a cryptocurrency exchange with minimal fees, high security standards and relatively low levels of fraud.
Kraken was launched in late 2013 as a Bitcoin exchange and has since grown by leaps and bounds. In March of 2014, Kraken opened up trading for the first time to people living in Canada and since then has grown to serve people from 25 countries.
The platform’s trading engine allows traders to execute trades quickly due to liquidity being offered for all major world currencies including USD, EUR, CAD, GBP, and JPY.
Kraken also offers an elegant charting package that provides a customizable interface for trading as well as “live” data feeds from 20 exchanges including Bitfinex, Poloniex, GDAX (the Coinbase exchange), LakeBTC and Kraken’s own market stats page.
Gemini: In the world of cryptocurrency, there are a lot of different options for exchanging your coins. However, one company that has been getting a lot of attention lately is Gemini Exchange. Founded by Tyler Winklevoss and Cameron Winklevoss (yes, those Winklevoss twins), Gemini Exchange was launched in 2015 with the goal to create a regulated exchange for bitcoin and ether trading.
Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS).
They are subject to capital reserve requirements and anti-money laundering procedures.
But of course there are other benefits to using Gemini as well! They offer high liquidity so you never have to worry about a lack of trading volume. The company also offers free deposits and withdrawals which makes them stand out from many competitors who charge for these services.
Their customer service team is available 24/hours and the exchange offers a intuitive and user friendly trading interface.
Binance.us: Starting in 2019, Binance.us launched a US compliant and regulated spin off of the traditional Binance cryptocurrency exchange, currently responsible for executing tens of billions of dollars each day in trades.
Brian Brooks, former head of the Office of the Comptroller of the Currency under the Trump administration is leading the new operation as its CEO, announced in a recent interview and will be starting May 2021.
Offering more than 50 cryptos to trade with competitive rates, plenty of onboarding deposit options, and low trading fees, it’s no wonder why Binance.us is quickly climbing the ladder in volume to become a top ten exchange in market cap.
Uphold: Uphold is a newer player in the crypto exchange space but rapidly emerging to become a strong contender. It has a number of features that make it stand out from the competition, and is worth considering for those looking to trade in cryptocurrencies.
The company was founded by entrepreneur Halsey Minor (founder of CNET). Uphold offers an app-based platform with support for many currencies including Bitcoin, Ethereum, Litecoin and dozens of other popular coins.
Uphold has a reputable past when it comes to security. They offer a convenient and secure place to store your coins and they also allow for quick and seamless transfer between crypto, local currencies, and metals.
The company also supports the ability to buy traditional stocks like Apple, Amazon, and Tesla and gives access to buy a fraction of an asset.
Last but not least, Uphold was one of the few exchanges that didn’t bow down to SEC and remove the XRP trading pair due to unwarranted legal pressure.
See our full list of Bitcoin and crypto exchanges along with reviews and comparisons of each one.