Crypto exchanges

Compare the best crypto exchanges for American traders and investors.

By   |   Updated 29th November 2022

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Comparing crypto exchanges

Binance

On website

Featured

Binance

Highlights

  • Sign up on Binance to get a 100 USDT cashback voucher. Terms and Conditions apply.
  • Trade over 50 cryptocurrencies with low trading fees.
  • Uses state-of-the-art storage technology to protect your cryptocurrency and USD assets
  • Earn rewards for holding coins and tokens.

Pros

  • It has some of the lowest trading fees out there. 0.1% for spot trading and 0.5% for instant buy or sell fees.
  • Credit card or debit card deposits are accepted.
  • Provides charting and trading tools suitable for advanced crypto traders.

Cons

  • The platform UI can be complicated to learn for new investors.
eToro Crypto

On website

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."

eToro Crypto

Highlights

  • Buy $100 worth of crypto and get a bonus of $10.
  • Trade and stake a range of crypto assets with low fees.
  • Copy successful traders. Practice with a demo account.
  • eToro is regulated by CySec, FCA and ASIC.

Pros

  • The user-friendly website and app make it easy to trade from anywhere.
  • Trade Bitcoin, Ethereum, and 60+ other crypto assets.
  • With its CopyTrader feature, you can replicate the moves of other investors.
  • Start trading with just $10.

Cons

  • There is a 1% fee that is added to the market price.
  • Other exchanges have more selections of crypto coins and tokens.
Robinhood

On website

Robinhood

Highlights

  • No account minimums or commissions.
  • With a dedicated team of customer support professionals that are available to answer your questions.
  • Robinhood Financial and Robinhood Securities are members of SIPC, which protects securities customers of its members up to $500,000

Pros

  • Quick signup process.
  • Start with as little as $1.
  • Option to get a debit card.
  • Industry-leading security.

Cons

  • Mutual funds are not available.
  • Limited number of crypto assets are available.
Bitget

On website

Bitget

Highlights

  • Earn up to $4,163 in trading bonus & coupons when you sign-up and deposit funds in your account. Terms and Conditions apply.
  • Trade over 150 coins and tokens.
  • Main feature includes one-click copy trading
  • Licensed to operate in Australia, Canada, and the U.S. with 24/7 multilingual online support.

Pros

  • The generous sign-up bonus when you meet the criteria.
  • Low trading fees.
  • You can sign-up for a demo account.
  • Get help from their customer support 24/7.

Cons

  • Has a limited number of educational tools and references.
Crypto.com

On website

Crypto.com

Highlights

  • Earn up to 8.5% p.a. on your crypto, and up to 14% p.a. for stablecoins.
  • Spend with the Crypto.com Visa Card and get up to 8% back.
  • Shop with Crypto.com Pay and receive up to 10% back, paid in CRO.

Pros

  • Get access to additional features including lending, borrowing, debit cards, and more.
  • Start trading with just $1.
  • Interest-earning deposits are available.
  • There is a USD 2,000 referral bonus.

Cons

  • Lack of educational resources.
Uphold Crypto

On website

Uphold Crypto

Highlights

  • Invest in 220+ coins including the majors, altcoins, and stablecoins with 0% commission.
  • Enjoy 0% bank deposit and withdrawal fees.
  • Ability to trade crypto against other assets like foreign currency and commodities.
  • Stake a range of coins with competitive yields.

Pros

  • Open an account in less than a minute.
  • Low deposit requirement and commission-free trading.
  • Option to trade fiat currencies and precious metals.

Cons

  • High spreads on low-liquidity assets.
Coinbase

On website

Finty may be compensated when you click on the link.

Highlights

  • Get $5 in Bitcoin after your first trade on Coinbase.
  • Buy and sell popular digital currencies, keep track of them in the one place.
  • Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
  • Maintains crypto-insurance and all USD cash balances are covered by FDIC insurance, up to a maximum of $250,000.

Pros

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Offers Coinbase card which allows you to spend crypto anywhere.

Cons

  • Fees are higher compared to other exchanges.
CoinSmart

On website

CoinSmart

Highlights

  • Get $20 in BTC with your first deposit.
  • Trade major coins and popular altcoins including Dogecoin, Cardano, Solana, Polkadot, and Polygon.
  • Fund your account with wire transfers, credit / debit cards, or crypto with access to trade funds the same day.

Pros

  • Low trading fees.
  • Deposits are cleared within the day.
  • Supports CAD, EUR, and USD.
  • Get 24/7 customer support.

Cons

  • Limited coins.
  • Fee applies to credit card and debit card deposits.
Coinmama

On website

Coinmama

Highlights

  • Buy Bitcoin and Ethereum with a credit card, debit card, Apple Pay, or bank transfer.
  • Place your order and get your coins instantly.
  • Fast-track verification with excellent customer service.

Pros

  • Start with as little as $50.
  • Accepts multiple types of payment options.
  • High spending limits.

Cons

  • Fees are higher compared to other providers.
  • Limited cryptocurrency selection.
Public Crypto

On website

Highlights

  • Get up to $300 of free stock when you create an account. Terms and Conditions apply.
  • Trade and invest in 25+ cryptocurrencies.
  • Unlock advanced data, unique market metrics, and analyst insights when you upgrade to a premium account.

Pros

  • Easy-to-use platform
  • No minimum investment is required.
  • Invest in alternative assets like fine art and collectibles.

Cons

  • Transferring crypto assets to another wallet is not available.
Gemini Exchange

On website

Gemini Exchange

Highlights

  • Gemini Exchange makes it simple to research the crypto market, buy bitcoin and other cryptos, and build a portfolio for the future of money.
  • Set recurring buys and dynamic price alerts.
  • All crypto held online in Gemini's exchange wallet is insured and it uses the best-in-industry cold storage coverage with leading insurance providers.

Pros

  • Suitable for both beginner and advanced traders.
  • Supports multiple fiats and cryptocurrencies.
  • You can earn interest on your cryptocurrency balances.
  • Its mobile apps are highly rated.

Cons

  • The fee structure can be expensive for both small trades and higher volume trades.
KuCoin

On website

KuCoin

Highlights

  • Safe and rapid way to trade crypto.
  • Multiple order types for all kinds of risk appetite.
  • Sign up and get a welcome gift.

Pros

  • Invest or trade 700+ coins.
  • Low trading and withdrawal fees.
  • Get 24/7 customer service from KuCoin.
  • Has over 20 million users worldwide.

Cons

  • Not suitable for beginners.

Kraken

On website

Kraken

Highlights

  • Get started with as little as $10.
  • Sign up today and buy 50+ cryptocurrencies in minutes.
  • Make easy deposits and withdrawals, measure your portfolio's performance and keep track of all of your crypto in one convenient place.

Pros

  • Large selection of tokens to trade.
  • Earn rewards by staking eligible assets.
  • Access to a range of educational materials.

Cons

  • Limited options to fund your account.
Paxful

On website

Paxful

Highlights

  • Buy and sell digital currencies using over 350 different payment methods.
  • Supports peer-to-peer trading.
  • Get a full-featured, secure wallet app.

Pros

  • Multiple deposit options are available.
  • Low fees.
  • Free wallet.
  • Rewards program.

Cons

  • Limited number of coins.
MEXC Global

On website

MEXC Global

Highlights

  • Invest and trade 1,500+ cryptocurrencies.
  • Provides various services like Spot, ETF, Margin, OTC, Futures, PoS Staking, and more.
  • MEXC Global is a secure and reliable crypto trading platform.

Pros

  • Earn rewards and bonuses when you complete tasks.
  • Multiple account funding methods are available.
  • There is an option for demo trading.
  • Supports a wide range of fiat currencies.

Cons

  • No option for fiat withdrawal.
SoFi Invest

Highlights

  • Get started with as little as $10 and trade stocks and ETFs with no commissions.
  • Do it yourself by choosing stocks, ETFs, and crypto, or let SoFi build a portfolio for you with automated investing.
  • SoFi makes it easy to spread your money out across stocks, ETFs, crypto, and Stock Bit.

Pros

  • Easy signup process.
  • No withdrawal fee.
  • Earn up to $100 in bitcoin when you signup.

Cons

  • Other exchanges offer more coins.
Webull

Highlights

  • $0 commissions and no deposit minimums.
  • Webull supports full extended hours trading, which includes full pre-market (4:00 AM - 9:30 AM ET) and after hours (4:00 PM - 8:00 PM ET) sessions.
  • Provides intuitive and powerful advanced charts, multiple technical indicators, and premier Level 2 Advance (Nasdaq TotalView).

Pros

  • Easy to use online platform or mobile app.
  • Get started with just $1.
  • Access to advanced trading tools.
  • Crypto wallet.

Cons

  • Scarcity of instructional resources for investors.
Gate.io

Gate.io

Highlights

  • Comprehensive protection with security and law funds.
  • Offers an efficient and convenient trading system as well as an instant deposit and withdrawal service.
  • Stable and reliable since 2013.

Pros

  • Signup bonus.
  • Supports a wide range of coins and fiats.
  • Deposit through bank transfer, credit card, and debit card.
  • Access NFT marketplace.

Cons

  • It may be confusing to use for beginners.
Changelly

Changelly

Highlights

  • 160+ cryptocurrencies available.
  • Multi-currency wallet to store a variety of coins.
  • Access a gallery of tools to enable new functionalities for your business and foster monetization.

Pros

  • Offers one of the lowest prices in the market.
  • Average transaction speed of 25-40 minutes.
  • Integrates with many popular wallets
  • 24/7 customer support.

Cons

  • No trading option.
  • Limited payment options.
CEX.IO

CEX.IO

Highlights

  • Multiple payment methods: Visa, Mastercard, bank transfer (SWIFT, SEPA, ACH, Faster Payments), cryptocurrency.
  • Withdraw your funds to a card or bank account easily
  • Dedicated support via email, phone, and live chat around the clock to answer your questions at any time.

Pros

  • Earn rewards.
  • Strong security.
  • 24/7 customer support via email, phone, and live chat.
  • Registered with FinCEN.

Cons

  • Relatively high fees.
Bitstamp

Bitstamp

Highlights

  • Enjoy easy, fast and reliable crypto trading.
  • Use your credit or debit card to make a deposit and take advantage of low trading fees.
  • Offers advanced trading tools and 24/7 dedicated support.

Pros

  • User-friendly crypto exchange with low fees.
  • Bank-grade security & insurance.
  • Earn rewards.

Cons

  • Other exchanges offer more coin options.

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