Best Crypto Exchanges USA in September 2022

With more than 200+ providers active in the crypto industry, choosing the best crypto exchange for your trading requirements can be challenging. 

Not only do you need to assess factors such as safety, supported tokens, and fees – but also customer service, wallet security, and minimum account balances. 

This guide will help you decide by reviewing the best crypto exchanges available on the market today.

The Best Crypto Exchanges USA for 2022

In the sections below, you will find reviews of the best crypto exchanges to help you choose the right platform for your skillset. 

The Top Crypto Trading Platforms in the US Reviewed 

We utilize a strict criterion when reviewing the best Bitcoin exchanges in the USA. 

Some of our main priorities in this respect include low fees, safety and security, great customer support, and plenty of available markets. 

Our findings revealed that the eight best crypto exchanges for 2022 are those outlined below.

1. eToro – Overall Best Crypto Exchange USA for 2022

For those based in the US, eToro is by far the best cryptocurrency exchange to consider using right now. This top-rated platform offers 70+ cryptos – all of which are paired against the US dollar. When trading your preferred crypto market, you only need to pay the spread at eToro – which starts at just 0.75% for Bitcoin and 1% for altcoins.

With an eToro account you can buy Solana, Litecoin, XRP, Polkadot, Shiba Inu, The Graph, the best meme coins, and more in the United States and internationally.

When you fund your account in US dollars, no deposit fees apply. This is the case across PayPal, debit/credit cards, Neteller, ACH, domestic bank wires, and all other supported payment methods.

On eToro – the minimum deposit requirement is just $10. This is also the minimum trade requirement – meaning that you can invest in digital assets from just $10 or more. eToro also offers one of the best crypto credit cards on the market in 2022.

eToro Crypto Exchange

eToro tracks the daily best and worst performing cryptos, at the time of writing for example ApeCoin and Cardano were green on the day.

If you’re looking to invest in several cryptocurrencies to help mitigate your risks, consider the eToro Crypto Portfolio. This consists of more than a dozen digital assets – and the portfolio is reweighted, rebalanced, and managed by the eToro team.

There’s also a DeFi coin portfolio, and in mid 2022 eToro added a DAO coin portfolio. Alternatively investors can copy another eToro trader like-for-like to for a passive way to gain exposure to the crypto markets. This requires a minimum outlay of just $200 per trader and is a way to day trade crypto with low risk.

With those features eToro has built a good reputation as both a social trading cryptocurrency platform and one of the best crypto margin trading exchanges for beginners and expert traders alike.

An eToro mobile app is also available to download free of charge. This gives investors the opportunity to trade crypto on the move.

eToro also offers thousands of stocks and ETFs, as well as commodities and forex. eToro is also an option if you want to stake cryptocurrency – ADA, ETH and TRX are supported for staking at 5-6.25% APY.

In terms of security, eToro is regulated by the SEC and a member of FINRA. The broker is also licensed by CySEC, ASIC, and the FCA. See our full eToro review.

Number of Cryptos70+
Fee StructureZero Transaction Fees + Spread
Fee to Buy Bitcoin0.75%
Minimum Deposit$10

What We Like:

  • Over 70 cryptos to trade
  • Minimum deposit only $10
  • Regulated by numerous top-tier entities
  • Accepts credit/debit card and PayPal deposits
  • User-friendly trading app
  • eToro charges a transparent 1% fee when buying or selling cryptos. For instance, you could buy Dogecoin on eToro for a 1% fee plus spread

Visit eToro Now

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

2. DeFi Swap – Leading Decentralized Crypto Exchange with Useful Trading Features

DEFC logo

One of the best DeFi exchanges to consider is DeFi Swap. DeFi Swap is a brand new decentralized exchange (DEX) hosted on the Binance Smart Chain (BSC) that offers a broad selection of trading services which will appeal to beginners and advanced investors alike. These services include token swapping, staking, and yield farming mechanisms, all of which can be accessed through DeFi Swap’s handy browser-based platform.

Like other DEXs, DeFi Swap can link directly with many of the best crypto wallets, completely removing the need for a centralized intermediary. This distinguishes DeFi Swap from the other platforms on this list, meaning that users do not need to verify themselves or completed any KYC checks. In terms of specific wallet providers, DeFi Swap can pair with MetaMask and WalletConnect – with the entire process taking seconds to complete.

DeFi Swap review

Once linked, you’re free to use DeFi Swap to exchange one token for another seamlessly. DeFi Swap supports over 50 of the best altcoins and stablecoins, including BNB, USDC, USDT, DAI, and more. You can also customize your slippage tolerance and transaction deadline to suit your unique needs and risk tolerance.

Aside from swapping, DeFi Swap also offers staking and yield farming services. Both provide a way to generate a yield on your crypto holdings, although the former requires you to lock up your tokens for a specified period. Finally, users who hold DEFC (DeFi Swap’s native token) will even earn a passive income stream through the token’s innovative ‘static rewards’ system – which dovetails nicely with the other services offered in this community-driven ecosystem. DEXs like DeFi Swap also give crypto investors access to the best crypto IDOs in 2022.

Number of Cryptos50+
Fee StructureN/A
Fee to Buy BitcoinN/A
Minimum DepositN/A

What We Like:

  • Can link with top crypto wallets like MetaMask
  • Offers swapping, staking, and yield farming services
  • Can generate passive income by holding DEFC
  • It supports over 50 coins
  • It doesn’t require verification or KYC checks

Visit DeFi Swap Now

3. BitDD – Licensed US Crypto Exchange with Cutting-edge Analytic Tools 

BitDD is a US-licensed crypto exchange that empowers users to make better investment choices and faster returns with cutting edge analytic tools. It offers advanced currency and derivatives transaction services for cryptocurrencies like BTC, ETH, and USDT.

The key factor that marks off BitDD is its high compliance and security standards in a market where 80% of trading platforms operate without a certification. BitDD is licensed by the US Treasury Department. The credibility of the platform has gone a long way in building a vast user base that exceeds over 500,000 currently. The project aims to take the number further up to 2 million users by 2023. To achieve this, BitDD introduces some interesting features, functionalities, and reward programs.

The most important of these is Fast Trades, which allows part-time or new traders to take advantage of the market using an easy set of cutting-edge data analytic tools. The platform’s user experience and simple onboarding tools give it a competitive edge in the market.

The sign-up process is fast and easy. Since BitDD charges 0% transaction fees for the first 90 days, you have plenty of time to find out whether the platform works for you. And if you have any issues getting started, you can reach out to BitDD’s 24/7 VIP support.

BitDD currently offers up to 14.5% interest per annum on crypto deposits. Interestingly, new depositors stand a chance to win up to 500 USDT from the platform. The more you deposit, the more you earn. The platform has also launched a welcome rewards program with 8888 USDT up for grabs.

What We Like:

  • Easy onboarding
  • No transaction fees for 90 days
  • Exclusive “fast trades”
  • Compelling reward programs

Visit BitDD Now

4. Bitstamp – Cost-Effective Crypto Exchange with Great Trading Tools

Bitstamp logo

Another reputable crypto trading platform that has stood the test of time is Bitstamp. Bitstamp was launched back in 2011 and has gone from strength to strength, solidifying itself as one of the most respected cryptocurrency exchanges in the industry. Users can invest in over 70 different cryptocurrencies with Bitstamp with extremely low fees.

These fees start at only 0.50% per trade, although they drop to 0.25% once you exceed $10,000 in monthly trading volume. UK-based users will be able to fund their accounts via ACH transfer, which is entirely free to do. Notably, withdrawals can also be made via this approach, with no fees.

Bitstamp review

Bitstamp also allows users to buy crypto using their credit or debit card. This does come with a 5% transaction fee attached, although the process is ideal for beginners who want to avoid depositing in crypto or FIAT. The great thing is that Bitstamp’s minimum trade amount is only $10 for most FIAT-denominated pairs and 0.0002 BTC for BTC-denominated pairs.

You can also build your portfolio with free crypto thanks to the $20 Bitstamp sign up bonus when using a referral link such as the ones on this website.

Finally, Bitstamp’s trading platform is user-friendly, with two web-based platforms and a mobile app to choose from. Bitstamp.net is a beginner-friendly platform featuring a straightforward interface and easy-to-use features, whilst Bitstamp Tradeview is tailored towards experienced traders.

Bitstamp Mobile can be downloaded for free on iOS or Android and features biometric authentication and a selection of order types. Also see our full Bitstamp review.

Number of Cryptos70+
Fee Structure0.5% per transaction
Fee to Buy Bitcoin0.5%
Minimum DepositN/A

What We Like:

  • Over 50 coins to trade
  • Low trading fees
  • Free ACH deposits
  • Numerous trading platforms to opt for
  • Free withdrawals

Visit Bitstamp Now

5. Coinbase – Best US Crypto Exchange for Beginners   

coinbase logo

Although Coinbase is expensive in most areas, the platform is one of the best crypto exchanges in the US for newbies. The exchange now serves over 70+ million clients – many of which prefer Coinbase for its simple and burden-free investment platform. In fact, you can open an account in a matter of minutes and then instantly invest in crypto with your debit or credit card. This means you can buy XRP, Ethereum and more in a matter of minutes. 

The main drawback here is that although you can get started quickly, debit/credit cards transactions are charged at 3.99%. The other option is to deposit funds via ACH – and then when the funds are credited, pay a smaller commission of 1.49% to complete your crypto purchase. This is, however, still considered expensive when compared to other exchanges in this space. If you’re wondering which is the best crypto exchange for beginners you might want to check out our eToro vs Coinbase review as well. 

The Coinbase sign up bonus awards new users a free $10 in Bitcoin.    

coinbase platform screenshot

Going back to the positives, Coinbase is one of the safest cryptocurrency exchanges in the market. Some of the strongest security protocols include keeping the vast majority of client digital funds in cold storage, verifying the identity of all new customers, and requiring each account holder to set up 2FA (two-factor authentication). Moreover, Coinbase has a fully-operational security team that works around the clock to keep your account safe. Coinbase is also a good yield farming crypto platform to consider in 2022 if you’re interested in crypto staking and loans. 

As such, if you had your eyes set on buying Quant, and other cryptos right now you could easily trade the best altcoins on Coinbase easily and securely from your mobile device. For those not too convinced by Coinbase’s business offerings and trading fees you can read our article on the best Coinbase alternatives in 2022.

Number of Cryptos100+
Fee StructureTransaction Fee + Spread
Fee to Buy BitcoinTransaction fee based on payment method/volume + 0.5% spread
Minimum DepositNo minimum deposit stated

What We Like:

  • User-friendly mobile app interface
  • Can purchase crypto using credit/debit card and PayPal
  • Great educational content
  • Two-factor authentication offered on mobile app

Visit Coinbase Now

6. Binance – Lowest Fee Crypto Exchange for Commissions 

If you’re searching for the lowest fee crypto exchange for commissions as well as the best P2P crypto exchangeBinance is worth considering. At this popular online exchange, you can trade crypto-crypto pairs like ETH/BTC at just 0.10%. This means that a total stake of $100 would cost you just $0.10 in fees. On the Binance US website, you will find over 60+ supported best DeFi coins, as well as all the top cryptocurrencies to invest in.

We should note that if you wish to buy crypto with fiat money, then additional fees will apply. For example, although ACH and bank wire transfers are processed fee-free, you will need to pay a buy commission of 0.5%. Moreover, if you wish to deposit funds with Visa or MasterCard, you can add a further 4.5% to this fee.

Users signing up via this website are eligible for a $100 Binance bonus

As a result, this makes Binance an expensive option for those wishing to trade crypto in exchange for USD. Another thing to note about Binance is that, unlike eToro and Webull, the platform is not regulated by the SEC. In fact, Binance is not licensed in any single jurisdiction – so the safety of your funds is at risk. To access your Binance account, you can use the main online website or download the iOS/Android app.  

Binance is one of the largest crypto exchanges out there, meaning you can buy Terra LunaAAVE, and other trending new digital currencies with low transaction fees.

In addition to offering cryptocurrencies, Binance is also a NFT marketplace that allows you to invest in the best NFTs to buy. Nevertheless, for those not satisfied with what Binance has to offer there are several best Binance alternatives on the market.

Number of Cryptos600+ worldwide, 60+ in US
Fee StructureBinance Exchange = 0.1% maker/taker feeInstant Buy = 4.5%
Fee to Buy Bitcoin0.1% on Binance Exchange; 4.5% for Instant Buy
Minimum DepositNo minimum deposit threshold

What We Like:

  • Huge range of cryptos to trade
  • Low trading fees
  • Trading platforms for beginners and advanced investors
  • Dedicated staking service

Visit Binance Now

7. Webull – One of the Best US Crypto Exchanges for Small Investments 

webull logo

If you’re a beginner that is looking for the best altcoin exchange in terms of account minimums, Webull could be for you. This is because when buying and selling crypto here, you only need to stake $1. This is the case irrespective of how much the crypto asset is trading for – which is particularly handy for expensive tokens like Bitcoin and Ethereum

At Webull, there is no requirement to meet a minimum deposit either – and all supported cryptocurrencies can be traded commission-free. This is also the case with US-listed stock options, equities, and ETFs. Webull is highly suitable for newbies, albeit, advanced charting tools and technicals are also available.

webull platform screenshot

Another aspect that we like about this SEC-regulated platform is that you can invest via a retirement account. Moreover, you can deposit funds into your Webull account via ACH for free. Take note, bank wire deposits cost $8. Nevertheless, Webull also offers a wide selection of educational guides – and you can even trade via a demo account. Finally, consider downloading the free Webull app to trade crypto on the go.       

Number of Cryptos20+
Fee Structure100bp spread
Fee to Buy Bitcoin100bp (e.g. 1%)
Minimum DepositNo minimum deposit

What We Like:

  • No transaction fees to open trade
  • Minimum position size only $1
  • Real-time market data & charting features
  • Two-factor authentication offered
  • $5 reward when completing first crypto trade

Visit Webull Now

8. Huobi – Top Crypto Exchange for Savings Accounts   

If you’re looking to combine capital gains with regular income – Huobi is one of the best crypto exchanges for this purpose. This is because in addition to offering hundreds of crypto markets, the exchange also offers crypto savings accounts that allow you to earn interest on your idle investments. For instance, by holding USDT and Bitcoin, you can earn up to 6.50% APY and 2.88% APY respectively. You can also gain exposure to the best new cryptocurrencies that are currently trending; for example you could buy Axie Infinity and Shiba Inu from the comfort of your own home. 

Huobi

In terms of the exchange itself, Huobi supports a wide range of cryptocurrency tokens of all shapes and sizes. You can buy and sell crypto assets on Huobi at a 0.2% maker/taker fee – and lower rates are available when you trade larger amounts. Huobi operates a maker-taker pricing structure, so those providing the exchange with trading liquidity will benefit from even more competitive commissions.  

Number of Cryptos400+
Fee Structure0.2% transaction fee
Fee to Buy Bitcoin0.2% (reduction if you hold Huobi Token)
Minimum Deposit$100

What We Like:

  • Low trading fees
  • Numerous derivatives markets offered
  • Huge range of cryptos to trade
  • Crypto savings accounts offered

9. FTX – Popular Crypto Derivatives Exchange

FTX Logo

FTX is an all-in-one crypto exchange, NFT marketplace, and crypto derivatives broker. The exchange has more than 100 cryptocurrencies available for spot trading, making it a suitable platform for everything from popular cryptos like Bitcoin to stablecoins to DeFi coins.

FTX Crypto Exchange

One of the things that stands out about FTX is its low trading fees. You’ll pay just 0.10% when you create liquidity on this exchange – and that’s before volume discounts, which can bring maker fees down to zero. Taker fees are just as competitive, starting at 0.40% and falling as low as 0.05% per trade.

The most unique thing about FTX is that it enables you to trade crypto derivatives, including options, swaps, and futures. FTX makes it clear that these are advanced financial instruments, but a series of helpful videos breaks down what these derivatives are and how you can approach them. Contract sizes start at just 0.01 BTC and 0.10 ETH, making FTX crypto derivatives more manageable for non-professional traders.

FTX is based in the US and is available to US traders. The exchange is licensed in 30 states.

Number of Cryptos60
Fee StructureMaker/taker fee
Fee to Buy Bitcoin0.40%
Minimum DepositNone

What We Like:

  • 60+ cryptocurrencies to trade
  • Maker fees start at 0.10% before discounts
  • Supports crypto options, swaps, and futures
  • Regulated in the US

The Best USA Crypto Exchanges Compared   

Check out the comparison table of the 12 top crypto exchanges open to the US right now to help you choose the right platform. 

 No. of CoinsDebit Card FeeTrading FeesProprietary Wallet
Bitstamp50+5%0.5%No
DeFi Swap50+N/AN/ANo
eToro70+0.50%Spread From 0.75%Yes
Webull27Not Supported0% Commission Plus Spread From 1%No
Binance US60+4.50%0.50%Yes
Coinbase150+3.99%1.49%Yes
Huobi300+Not Stated0.20%Yes
FTX60Not Supported0.40%No
Gemini751.49%0.40%Yes
Crypto.com250+2.99%0.40%Yes
Bybit150+Depends on Chosen 3rd Party0.10%No
Kraken50+N/A in US0.26%Yes

For more details on the Crypto.com credit card you can read our review here.

The above fees and markets are specific to US-based investors at the time of writing. More competitive commissions may be on offer for those trading larger amounts or providing the exchange with liquidity. 

What is a Crypto Exchange?   

A crypto exchange is an online platform that allows users to trade digital currencies like Bitcoin. The exchange will sit between buyers and sellers, meaning that it acts as a middleman. 

That is to say, when you use a conventional crypto exchange to buy Bitcoin, you will be purchasing the tokens from a seller that uses the same platform.  

In turn, the crypto exchange will collect a commission from you, alongside a mark-up on the bid/ask spread. Top crypto exchanges in the US come in a wide range of shapes and sizes. 

For example, some crypto exchanges only allow you to trade digital asset pairs. This means that instead of trading Bitcoin against the US dollar, you’ll likely be accessing pairs denominated in Tether. 

eToro crypto trading

With that said, the best crypto exchanges in this marketplace support fiat-driven pairs like BTC/USD or ETH/USD. This means that you buy and sell crypto in exchange for US dollars.

There will also be a disparity in the number of markets supported by your chosen crypto exchange. For instance, while Luno supports just six coins, eToro has listed 70+ coins alongside hundreds of stocks.

You also need to consider the regulatory standing of your chosen crypto exchange. This is because the best crypto trading platforms in the USA – such as eToro and Coinbase, are authorized by the SEC. Others, however, such as Binance, operate without a regulatory license at all. 

How do Bitcoin Exchanges Work? 

If you’re completely new to Bitcoin exchanges, the setup and investment process is largely the same across all providers.

Here’s what you need to know:

Accounts and Funding

First and foremost, all crypto exchanges will require you to open an account before you can start trading. However, the amount of information collected from the exchange will depend on whether you are depositing funds in US dollars or crypto. 

If it’s the latter, then you will likely only need to provide your email address to get started. On the other hand, if you seek USD deposits and withdrawals, the exchange will not only ask for your personal information – but a copy of your government-issued ID.  

Either way, in order to buy and sell crypto online, you will need to deposit funds into your account. 

Markets

In terms of available markets, you will either have the option of crypto-crosses or fiat-to-crypto pairs. Some exchanges might offer both. 

For those unaware, crypto-crosses are trading pairs that contain two digital currencies. Examples include BTC/USDT and ETH/BTC. 

Fiat-to-crypto pairs allow you to trade digital currencies against the US dollar – as well as other currencies. Examples include BCH/USD and BTC/USD. 

Irrespective of which pair you wish to trade, the best crypto exchanges offer a simple search facility. For example, at Bitstamp, if you want to buy Bitcoin, you simply have to search for ‘BTC’. 

Orders

Once you have landed on the relevant page for your chosen crypto pair, you then need to set up an order. This instructs your chosen exchange on which position you wish to enter. 

If you’re a newbie, this can be somewhat complex to understand at first glance. To keep things simple, you are best off using a market order at Bitstamp – which means that your crypto trade will be carried out instantly at the current price. 

Alternatively, if you seek more flexibility from your orders, Bitstamp also offers take-profits and stop-losses. Trailing stop-loss orders are also supported. These order types allow you to enter and exit the crypto markets at predetermined prices. 

Finally, once you have set your order up, the crypto exchange will execute it for you. As noted earlier, you will be matched with a seller of the same exchange when buying – and visa-versa. 

The exchange will then add your tokens to your account wallet – which in most cases, can be withdrawn. 

How to Choose the Best Crypto Trading Platform for You   

So now that you know how the best Bitcoin exchanges work, we can now explain the core metrics to look out for when selecting the right provider for you. 

Trade cryptos on eToro

This will allow you to sign up with the very best exchange for your goals and investor profile.

Regulation

We mentioned earlier that US clients now have access to over 200+ crypto exchanges. However, you might be surprised to learn that very few exchanges hold a regulatory license. Even fewer are authorized by the SEC or registered with FINRA. 

  • Taking this into account, it is crucial that you check the regulatory status of a crypto exchange before opening an account or depositing any funds. 
  • To give you an idea of what’s out there, eToro and Webull are both regulated by the SEC. 
  • This means that you can be sure about the legitimacy of these platforms. 

You then have the likes of Bybit, which is not only unregulated but registered offshore in the British Virgin Islands. 

Tradable Cryptos

There are more than 17,000 digital currencies listed on CoinMarketCap in 2022. While you won’t find a crypto exchange hosting each and every token, your ability to diversify can vary quite comprehensively depending on your selected provider.   

For example, if you were to trade crypto via Bitstamp, you will have access to over 50+ leading tokens. 

This covers large caps like Bitcoin and Ethereum, as well as up-and-coming projects such as Decentraland and The Graph. 

Crucially, it’s wise to select an exchange that offers a wide variety of crypto assets so that you have the opportunity to broaden your investment horizons. 

Otherwise, if you come across a token that isn’t supported, you will need to open an account with another exchange in order to gain access to the respective market. 

Fees

Fees can be so complicated to understand at crypto exchanges that we have dedicated separate sections to give you a clearer idea of what to look for. 

Deposits/Withdrawals

You will, of course, need to deposit some funds when you first open an account with a crypto exchange. Not only will the fees vary from provider to provider, but depending on your preferred payment method. 

For example, if you deposit funds with ACH at Webull, no fees apply. But, if opting for a domestic bank wire, you will pay $8 – irrespective of the size of the deposit. 

In another example, Coinbase charges no fees on local bank transfers. However, debit and credit card payments cost almost 4%. 

At eToro, US clients can deposit and withdraw funds across all supported payment methods without paying a cent in transaction fees. 

Trading Commissions

The next fee to check when searching for the best Bitcoin exchanges is the commission. This is a direct trading fee that you will pay to the exchange for buying and selling crypto. In all but a few rare cases, this is charged as a percentage against your total position. 

For example, when trading at Crypto.com, you will pay a commission of 0.40% per trade. For instance if you decide to buy Celo you’ll be paying just 0.40%. This means that on a trade of $1,000 your commission will amount to $4. The same trade at Gemini, which charges a commission of 1.49%, would set you back $14.90.

At eToro, you won’t pay a commission per se, as the exchange operates a spread-only pricing structure. We explain this term in the next section. 

Spreads

Irrespective of which asset class you are trading – you will always need to pay the spread. This is simply the difference between the buy and sell price of the asset – as per the exchange or broker you are using. 

In other words, this is the mark-up between the actual market price of your chosen cryptocurrency – and the rate offered by your chosen Bitcoin trading platform. 

The key problem with evaluating the spread is that it is rarely displayed by Bitcoin trading platforms. As such, you often have to dig deep into the platform’s terms and conditions. 

To give you an idea of what spreads to expect, eToro charges from 0.75% on cryptocurrency trades. Bitstamp is slightly less expense at 0.5%

Wallet

Once you have assessed the fees charged by your chosen crypto exchange, it’s then worth having a think about storage. All of the crypto exchanges discussed on this page offer a standard web wallet. 

This means that the tokens you buy will be kept in the crypto wallet controlled by the exchange – so it is the provider’s responsibility to keep your funds secure. This isn’t a problem when you use a regulated platform like eToro or Webull. 

eToro Money Crypto Wallet

In fact, keeping your crypto tokens held in a secure web wallet will make the process of cashing out fast and convenient. 

However, many crypto exchanges are unregulated, so keeping your tokens in a web wallet can be risky. On the other hand, the best Bitcoin exchanges will also offer a proprietary wallet that comes in the shape of a mobile app. 

For example, you can download the eToro Money Crypto Wallet onto your iOS or Android device for free. In doing so, you will retain full control over your funds. 

Tools & Features

The best crypto exchanges in the US will offer a selection of tools and features that cover everything from chart analysis and education to price alerts and passive investment tools. 

Some of the most effective tools and features that we came across during the exchange review process included the following:

Passive Trading Tools

Ever wondered what the best copy trading platform on the market is? Over at eToro, we came across two innovative trading tools that allow you to invest in crypto passively. 

The first is the CryptoPortfolio tool, which is professionally built, rebalanced, and managed by the eToro team. Through a single investment, you will indirectly be gaining exposure to a wide basket of crypto tokens. 

Second, eToro also offers a Copy Trading feature, which allows you to mirror the investments of a successful crypto trader.  

Both of these tools are ideal for those without the required skill set to actively research the crypto markets. They are also suitable for investors with little experience in the crypto space. 

Pricing Alerts

Some of the best crypto exchanges reviewed today – including Bitstamp, Binance, and Coinbase, offer real-time pricing alerts. This is a really useful tool that ensures that you receive a notification the very second a cryptocurrency hits a specific price. 

  • For example, let’s say that you are interested in trading Bitcoin, which is currently priced at around $25,000. 
  • You want to invest in this digital currency when it breaches a price of $30,000 – as you believe that this is a key level of resistance. 
  • As such, by setting an alert, you will receive a notification on your phone when Bitcoin hits $30,000. 

If you like the sound of receiving pricing alerts, this is usually offered via crypto exchange apps.  

Charting Tools

Charting tools with eToro

If you have some experience in technical analysis, then you will find an assortment of charting tools at the best crypto exchanges. 

In addition to technical indicators, you might find drawing tools and even integration with TradingView. 

Payment Methods

If you’re looking to deposit funds in the most convenient way possible, then you will need to choose an exchange that has the legal remit to accept US dollar payments. 

At eToro, for example, you can fund your account with a debit/credit card, PayPal, Neteller, Skrill, WebMoney, ACH, domestic bank wire, and more. So, you can buy Bitcoin with PayPal and a wide variety of other payment methods.

On the other hand, Webull only accepts ACH and bank wires, and the former attracts a deposit and withdrawal fee of $8 and $25 respectively. 

Some exchanges will not accept US dollar deposits at all, meaning that you will need to fund your account in crypto.  

Customer Service

The overall best crypto exchanges that we came across offer a superb level of customer service. This includes the ability to speak with a live agent in real-time via a chatbox. As an added bonus, the best crypto exchanges will offer customer support on a 24/7 or 24/5 basis. 

Unfortunately, we came across a large number of crypto exchanges that only offer support via email. This means that instead of speaking with a customer represented directly, you will need to wait for a reply. 

Mobile App

The final metric to consider in your search for the best Bitcoin exchanges in the market is with regards to mobile usage. 

eToro mobile app

In a nutshell, by using an exchange that offers a top-rated mobile app will ensure that you can trade crypto no matter where you are located. 

  • For example, imagine being out of the house and finding out that your crypto investment had dropped by 30% in the prior hour, with no sign of the trend slowing down. 
  • If you didn’t have access to a crypto exchange app, you would need to wait until you got home to close the position. 

Moreover, it is important to assess whether the crypto exchange app is user-friendly – especially when it comes to placing buy and sell orders. 

How to Use a Crypto Exchange in the US 

In this section of our guide, we are going to outline the required steps to get started with a crypto exchange today. 

In following the steps below, you will learn how to register an account with eToro and make a deposit – all in the space of 10 minutes. 

Step 1: Open an Account 

First visit the eToro website and open a free account. Fill in the sign up form when it appears.

etoro sign up

Step 2: Upload ID 

The next part of the registration process will require you to upload some ID. 

This is standard across all regulated brokers – as eToro is required to comply with AML laws set out by its licensing bodies. 

To complete this step upload a copy of your passport or driver’s license – eToro support will usually verify this within minutes.

Step 3: Deposit Funds 

Now you will need to add some capital to your eToro crypto trading account. US clients only need to deposit $10 and no transaction fees are charged. 

You can choose from a bank wire, ACH, Paypal, Skrill, Neteller, or a debit/credit card to deposit.

Step 4 – Buy Cryptocurrency

Once the funds have hit your trading balance, you are ready to buy cryptocurrency. Simply search for the ticker symbol of a crypto asset you wish to invest in – such as BTC – by typing it into the search box. Then hit ‘Trade’ and enter the amount you wish to invest.

Buy Crypto on eToro Now

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

Latest Crypto Exchange News

Before rounding off this guide, let’s take a quick look at the most prominent news items related to crypto exchanges this week:

  • Binance recently announced that it would resume accepting FIAT deposits and withdrawals to UK banks. This feature will only be available to fully-verified accounts and will come with a £2 fee per transfer.
  • Crypto exchanges have been put on alert recently after Joe Biden signed an executive order that will soon explain how the US Government plans to regulate the crypto market. There are fears this could impact many areas of the market, specifically the growing DeFi sector, which is causing anxiety amongst investors.
  • Finally, Binance also announced the launch of Bifinity, a payments provider which will help the exchange facilitate FIAT-to-crypto transactions. This feature is expected to significantly benefit SMEs, as it will allow them to accept crypto payments much more easily.
  • eToro listed BAND, OXT and SKL to bring its total number of supported cryptos to 76. Find a full list of all cryptos on eToro here.
  • For more information on the best DeFi exchanges out there, read our complete guide as well.

Conclusion 

The importance of choosing the best crypto exchange for your goals, skillset, and preferred markets should not be understated. After all, in order to trade crypto, you will need to risk your hard-earned capital. 

After reviewing the very best crypto exchanges in the market right now – we found that eToro is a top option to consider. At this exchange, you’ll have access to over 70 cryptos – all of which can be traded with low fees. 

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