Which Crypto Exchanges are Legal in the US?

Discover which crypto exchanges are legal in US & find low cost options like Coinbase & eToro offering easy ways to buy Bitcoin & other cryptocurrencies.

Which Crypto Exchanges are Legal in the US?

Coinbase is the most popular and successful cryptocurrency exchange based in the United States, offering an extremely user-friendly user interface and trading experience. Binance is packed with features that will suit a wide range of investors and traders alike. For beginners and serious cryptocurrency traders, the offering of products and services on Binance is second to none. From earning interest in cryptocurrencies, staking and cultivating liquidity, Binance has become an all-in-one digital exchange for everything crypto.

Markets available to traders include spot, margin, derivatives, leveraged tokens and peer-to-peer markets. In total, there are more than 1,664 trading pairs in 391 supported currencies that can be bought and sold on the exchange. The abundance of markets combined with high liquidity separates Binance from its competitors. Additionally, Binance Futures Supports Leveraged Cryptocurrency Trading on 198 Trading Pairs. With a staggering 40 billion trading volume at the time of writing, almost double its closest competitor.

With the extensive list of markets and trading pairs, Binance users will have no problem finding trading opportunities. Combined with the high liquidity of trading pairs, Binance is one of the best cryptocurrency exchanges for day trading. Fees between 0% and 0.1% are one of the cheapest fees to buy and sell cryptocurrencies compared to other exchanges. Binance also offers a wide range of financial services and advanced features including buying cryptocurrencies with USD and multiple payment methods. There is even an additional 25% discount for staking BNB tokens or increasing trading volume.

A strong point of Binance is the mobile trading application for iOS and Android devices that is very intuitive, easy to use, works smoothly and performs all the basic functions you expect from a trading application. The application includes live Bitcoin and crypto prices, the ability to execute orders, manage each digital asset, view P&L and search trading history. The only limitation is that the full version of Binance is not available in the U. S. UU.

There is Binance, USA. It is licensed for the US market, but has a fairly limited number of coins and has no trading margin. One of the main advantages of Coinbase is the entry-level platform that has been designed for beginners with its simple user experience and application. The overall experience is quick and easy to monitor a cryptocurrency portfolio or track live prices. The onboarding process is simple and, without a doubt, is one of the best ways to buy Bitcoin and 176 other cryptocurrencies.

There are a variety of payment methods for different fiat currencies, such as USD, GBP, EUR and AUD. Funds can be allocated to a trading account with a credit and debit card, but the fees are quite expensive, 3.99% for most regions. A major benefit of using Coinbase is that funds stored online are covered by an insurance policy. A negative aspect of Coinbase is the fees, which start from 0.5% per transaction and gradually decrease with higher trading volumes. There are additional payment charges, such as 10 USD and 25 USD for deposits and withdrawals via bank transfer.

In addition, Coinbase Pro's fees are 0.6% for creators and 0.4% for creators. Fees on Coinbase are reasonable for higher amounts, however, for smaller investors and first-time cryptocurrency buyers, Coinbase is not the cheapest cryptocurrency exchange. Bybit allows users to buy and sell 221 cryptocurrencies using Bitcoin or USDT as the base currency. There is a fiat-to-crypto access ramp that supports direct payments in USD, EUR, GBP, AUD, CAD and AED, however, payment methods and supported currencies are limited. Therefore, Bybit is better for existing cryptocurrency holders to exchange for crypto-to-crypto or trade with high leverage.

Bybit's spot trading fees start at 0.1% and decrease with higher trading volumes during the month, which is similar to Binance. For perpetual and futures trading, transaction fees are 0.01% and 0.06% for makers and takers. In short, the rates are very competitive and offer good value for money for cryptocurrency traders. As for fees, eToro charges a flat 1% fee for buying and selling cryptocurrencies. This fee is added to the spread which may vary for each of the supported crypto assets.

Compared to other crypto exchanges, eToro's commission is slightly higher compared to Binance and Coinbase but it makes this list of the best cryptocurrency exchanges due to its ease of use and social trading. Kraken is a professional trading platform for astute investors to buy Cardano Bitcoin and other digital currencies Regarded as one of the most reliable exchanges Kraken makes investing easy with its secure mobile application For serious cryptocurrency traders Kraken has great liquidity in all its markets. There are more than 160 crypto assets that can be bought traded and sold on the exchange with new coins being added regularly Kraken uses a taker and maker system with spot trading fees of 0 16%  and 0 26% respectively There are volume incentives based on trading activity for the past 30 days for all cryptocurrency pairs Users are incentivized to commit to the market with lower trading fees to provide liquidity to the exchange by filling the order book by placing conditional  and limit orders i e Once a purchase has been made the cryptocurrency can be transferred to a crypto-to-crypto exchange to trade cryptocurrencies The most popular trade exchanges in the U S U U are Coinbase  and Binance which are available worldwide in several countries There are thousands of altcoins on the market for investors to speculate in  the hope that it will become  the next Bitcoin or Ethereum One of  the best exchanges to buy altcoins like Dogecoin  and Shiba Inu  is Binance The exchange offers hundreds of altcoins that can be purchased with fiat currency stablecoins  and Bitcoin Binance is  the largest cryptocurrency exchange in terms of trading liquidity  and daily trading volumes followed by Coinbase Pro  and Kraken This means that users can get  the best prices from altcoin pairs Smaller exchanges would have to charge a higher spread fee due to lower liquidity in their order books. Finding a low-cost cryptocurrency exchange can be difficult but there are several options available depending on your needs If you're looking for an easy way to buy Bitcoin or other cryptocurrencies then Coinbase or eToro may be your best bet If you're looking for more advanced features such as margin or futures then Binance or Bybit may be better suited For those looking for low fees then Kraken may be your best option.