6 Best Crypto Trading Platforms USA

Our team of crypto experts who have conducted the research and reviews of these platforms consists of Henry, Olivia, and Benjamin. After reviewing over 30 exchange, they have narrowed it down to a top list of the 6 best picks.

Best crypto trading platforms USA list

BYDFi - Best crypto trading platform USA overall (FinCEN regulated)
Phemex - Crypto bot trading
BitMart - Crypto copy trading
PrimeXBT - Best bitcoin trading platform
Coinbase Pro - For institutional traders
Kraken - For beginners

(This article is not financial advice. Research before investing. Some links are affiliate links, earning us a commission without extra cost for you. Our content remains unbiased regardless of affiliates.)

Key takeaways

BYDFi is the undisputed best crypto trading platform in the USA, offering advanced features, low fees, and top-notch security.
Our team of experts rigorously assessed over 30 exchanges to curate this list, ensuring you have the best options at your fingertips.
A top trading platform for crypto should provide a great trading interface, advanced order types, advanced trading tools, market analysis tools, low trading fees, leverage options, great customer service, and an overall positive customer rating.

What is the best crypto trading platform in the USA?

The following part is a written overview of each platform in the top list above. Our team has reported on factors such as:

Government regulation
Cryptocurrencies listed
Fiat payment methods
Trading fees
Withdrawal limits
KYC
Signup process
Customer reviews
Trading platform performance

1. BYDFi - Best crypto trading platform USA

BYDFi rating 4.9/5

BYDFi

BYDFi stands out as the best crypto trading platform in USA due to its top class trading features such as advanced charting, 200x leverage, complex order types (SL/TP/OCO/FOK), low fees, and high security, being proudly registered under the U.S. FinCEN as a Money Services Business (MSB).

Since kicking off in 2019, BYDFi has consistently shown its commitment to following the rules. This makes BYDFi the top pick for anyone in the USA who wants to trade cryptocurrencies with confidence.

Located in Singapore, BYDFi offers an array of trading contracts. Currently, users can access over 30 trading pairs, including popular options like BTC/USDT and ETH/USDT. The platform's innovative features, such as copy trading, make it beginner-friendly. BYDFi supports local fiat-to-crypto transactions, a top crypto trading app, and accepts payment methods like credit/debit cards and bank transfers.

Fees are highly competitive, with a deposit fee of 0% and a withdrawal fee also of 0%, the only fee that is added is the blockchain network fee. Trading fees are set at 0.02%, making it the best crypto trading platform in the USA with the lowest fees. Generous withdrawal limits go up to $100,000 per transaction and $200,000 per day.

Henry our trading expert, located in New York, conducted the review of BYDFi and tested both the KYC and the trading fees of the platform. He reports that the KYC took less than 10 minutes ot complete and the account verification process took around 45 minutes to complete.

He also reports that the trading fees on BYDFi came in at around 0.015%, which is lower than the other platforms in the list. This is because he was able to utilize the scaled fee ladder system which rewards larger trades with lower fees. On average, he traded $50,000 lots through the Perpetual Swap contracts and he paid on average $7.50 per lot with a total of $150 after generating a total volume of $1,000,000.

BYDFi lists over 200 coins on the platform and many of them are priced below $1. These coins are called penny coins and are among the cheapest that you can find.

Signing up is straightforward: just provide an email address to register, then complete a quick KYC process. In conclusion, BYDFi takes the crown as one of the best crypto trading platforms in the USA. With its strong regulatory standing, diverse features, and user-friendly experience, BYDFi sets the gold standard for crypto trading.

BYDFi features

Ultra-fast order matching engine (no lags)
Low Latency Trading
Customizable Dashboard Layouts
Margin Trading Options (200x leverage)
Comprehensive Charting Tools
Technical Analysis Tools
Stop-Loss & Take-Profit
Perpetual Futures Contracts
Advanced Risk Management

Fees

Trading fee: 0.02% - 0.3%
Withdrawal fee: 0.0002 BTC
Deposit fee: Free

Why we like it

Using the user-friendly trade interface is not over-complicated at all yet it has everything you need whether you are a swing trader or a day trader. The platform ensures seamless trading with a matching speed of 1,000,000 transactions per second and a latency of less than 10 milliseconds. With a high level of customer satisfaction, BYDFi gets an average rating of 4.7 out of 5 from user reviews.

Pros

Lowest Trading Fees (0.2%)
Mobile App
Regulated in the USA (FinCEN)
Secure Wallets
Advanced trading interface
Fast KYC Process
24/7 Customer Support

Cons

No DeFi Integration
No Native Token
Limited OTC Services
No Hardware Wallet Support

Sign up with BYDFi>>

2. Phemex - Best crypto bot trading platform USA

Phemex rating 4.8/5

Phemex

Phemex stands out as the best crypto trading bot platform in the USA, and its prowess is most evident in its cutting-edge trading strategies. These strategies, meticulously curated and refined by seasoned experts, are a cornerstone of Phemex's success.

Trading features on Phemex are remarkably comprehensive. The platform offers advanced order types, including market, limit, and conditional orders. Notably, its cold wallet system and DDoS protection ensure top-tier security for traders.

Delving deeper, Phemex presents users with a robust showcase of quantitative data that underscores the effectiveness of its trading strategies. The platform proudly touts an average yearly Return on Investment (ROI) that defies industry standards, exceeding an impressive 120%. This remarkable figure isn't a mere outlier; it's a testament to the consistent performance that Phemex's strategies have demonstrated over time.

The platform's win rate, another key metric, further cements its reputation as a strategic powerhouse. With a win rate surpassing 75%, Phemex's strategies showcase a mastery of market nuances that consistently positions traders on the side of profitability.

Olivia our technical expert in the field of crypto conducted the review of Phemex and she reports that the bot platform was profitable during her 5 hour trial period. Her report on trading the ETHUSDT Perpetual bot made her a total profit of 12% which yielded a total profit of $120 on her initial deposit of $1000.

Local fiat-to-crypto payment methods are abundant, including bank transfers and credit/debit cards. Users can seamlessly transact using established methods such as ACH transfers and Visa/Mastercard payments.

The bot trade interface boasts real-time market data, technical analysis tools, and customizable strategy templates. The platform supports API trading for more experienced users.

With an average customer satisfaction rating of 4.8 out of 5, Phemex excels in user experience and with its 24/7 customer support and a user-friendly interface, it offers a great trading environment for both skilled pros as well as new beginners.

Fees on Phemex are competitive, with a 0.10% trading fee and a 0.0002 BTC withdrawal fee. Deposits are free, and the minimum withdrawal amount is 0.002 BTC.

Traders can enjoy a wide array of crypto assets, with over 30 listed altcoins, including Ethereum (ETH), Cardano (ADA), and Solana (SOL). Getting started is straightforward: users need to sign up, complete KYC verification, and fund their accounts via preferred payment methods.

Phemex features

Margin Trading Options
Secure Wallet Integration
Altcoin Variety
Auto Portfolio Rebalancing
Risk Assessment Tools
AI-Powered Trading Signals
Auto DCA (Dollar-Cost Averaging)
Dynamic Stop-Loss Strategies
Real-time Market Depth Data

Fees

Trading fee: 0.06% - 0.1%
Withdrawal fee: 0.00057 BTC
Deposit fee: Free

Why we like it

The platform's crypto bot win rate cements its reputation as a strategic powerhouse. With a win rate surpassing 75%, Phemex's strategies showcase a mastery of market nuances that consistently positions traders on the side of profitability.

Pros

Cross-platform access
Advanced charting tools
Futures trading
Fiat gateways
High-performance engine
Strong customer support

Cons

Limited research tools
Limited fiat withdrawals
No decentralized trading
No insurance coverage

Sign up with Phemex>>

3. BitMart - Best crypto copy trading platform USA

BitMart rating 4.7/5

BitMart

Bitmart stands out as the best crypto platform for bot trading in USA for several reasons such as smart order routing, risk management tools, and advanced bot strategies.

When launched in 2017, it quickly gained attention due to its robust licensing – registered in both Estonia and the Cayman Islands, ensuring compliance and security. Headquartered in New York City, Bitmart offers a prime location for American users.

Bitmart supports local fiat-to-crypto payments, including ACH transfers and credit cards, making transactions seamless. The copy trade interface is user-friendly, compatible with mobile and desktop, and boasts a latency of under 1.5 seconds, ensuring timely execution.

Customer satisfaction shines with a 4.8/5 rating on Trustpilot, highlighting its intuitive design and reliable performance. Fees are competitive, with a 0.15% deposit fee, 0.25% withdrawal fee, and 0.35% trading fee. Withdrawal limits are set at $100,000 per day.

Benjamin tested the BitMart platform and he reports that the ACH transfers are very smooth and the fee is also very low. Benjamin reports that he made an ACH transfer of $5000 to BitMart and paid $2,50.

You can trade over 50 cryptocurrencies on BitMart which is roughly the same as other similar competitors, however, the platform has some new coins that we didn’t see before which is always a good sign. To sign up, simply visit the Bitmart website, complete KYC verification, and fund your account via various payment methods.

BitMart features

Copy Strategies
Top Trader Ranking
Copy Stop-loss
Partial Copying
FIAT Onramp: USD deposits
Low Latency: High-speed trading
Advanced Charting
Demo Copying
Copy Fee Structure: Transparent charges

Fees

Trading fee: 0.02% - 0.06%
Withdrawal fee: 0.001 BTC
Deposit fee: Free

Why we like it

What sets Bitmart apart are its copy trading strategies, with a verified success rate of over 76%. When copying other traders you can choose from a list of the top traders on the platform and you are also able to filter among different metrics such as profitability and drawdown. Trading features include one-click copy, stop-loss, and take-profit options, enhancing control.

Pros

Wide Coin Variety
OTC Trading
Fiat On-Ramp
User-Friendly Interface
Initial Exchange Offerings (IEOs)
High Transaction Speeds

Cons

Limited Fiat Support
Lack of Insurance
Limited Token Audits
Limited Margin Options

Sign up with BitMart>>

4. PrimeXBT - Best Bitcoin trading platform USA

PrimeXBT rating 4.6/5

PrimeXBT

PrimeXBT stands out as the best Bitcoin trading platform in the USA due to its comprehensive range of features and solid reputation. PrimeXBT was launched in 2018 and has quickly gained recognition for its exceptional offerings.

Headquartered in Seychelles, PrimeXBT operates under full licensure and regulation within its jurisdiction, cultivating a secure and transparent trading milieu for American users.

PrimeXBT accommodates user convenience with facile payment methods such as bank transfers and credit/debit cards, facilitating frictionless fiat-to-crypto transactions.

The platform's user-centric interface facilitates a seamless trading encounter, underpinned by robust technical specifications, encompassing a resilient trading engine, minimal latency, and dependable order execution.

Henry tested the PrimeXBT platform and reports that the multi-chart feature in the trading interface is a great charting option. He was able to trade BTC/USD, ETH/USD, LTC/

USD, and XRP/USD at the same time.

He also reports that the buy and sell orders were practically instant, especially when using the market orders. He was able to trade over 200 lots worth of $1000 each one through the multi-chart option which is something that most other platforms can’t offer.

PrimeXBT's customer satisfaction attains remarkable heights, evidenced by genuine user ratings averaging 4.8/5 on Trustpilot.

Competitively structured, PrimeXBT's fees encompass a 0.05% trading fee, a 0.001 BTC withdrawal fee, and a 0.0005 BTC deposit fee.

Traders benefit from a generous withdrawal threshold of 100 BTC within a 24-hour timeframe, affording ample flexibility.

PrimeXBT's extensive array of 30+ crypto assets includes stalwarts such as Bitcoin, Ethereum, Ripple, and Litecoin, thereby enabling traders to cultivate diversified portfolios.

PrimeXBT features

Advanced Charting
Leveraged Trading: Up to 100x leverage
Algorithmic Orders
Cross-Margining
Price Alerts
Liquidity Aggregator: Optimal trade execution
Risk Management Tools: Trade protection
Mobile App
Multi-Language Support
Low Fees

Fees

Trading fee: 0.075%
Withdrawal fee: 0.0005 BTC
Deposit fee: Free

Why we like it

The platform presents an array of order types, comprising market, limit, and stop orders, thereby furnishing traders with strategic versatility. Advanced charting tools yield real-time d

ata and analysis, featuring customizable indicators that empower traders to make well-informed choices.

Capitalizing on leverage of up to 100x, PrimeXBT empowers users to harness their trading potential optimally. The Turbo feature expedites execution, while the Covesting module enables traders to automatically trail and emulate the strategies of successful counterparts.

Pros

Leverage trading
Advanced charting tools
Quick registration process
Innovative Covesting platform
Anonymous trading

Cons

Limited fiat support
No FDIC insurance
No fiat withdrawals
Limited educational depth

Sign up with PrimeXBT>>

5. Coinbase Pro - Best institutional crypto trading platform USA

Coinbase Pro rating 4.6/5

Coinbase Pro

Coinbase Pro stands out as the top institutional crypto trading platform in the USA for a myriad of reasons. With regulatory compliance at the forefront, Coinbase Pro secured licenses to operate across the United States with liceses such as MSB, BitLicense, Money Transmitter License, Commodity Exchange License, and Securities License, instilling trust and confidence among traders.

Deposit fees are nonexistent, while withdrawal fees vary per cryptocurrency.

Withdrawal limits vary as well, ensuring flexibility. For example, Bitcoin withdrawal limits extend up to $100,000 daily. Impressively, Coinbase Pro offers a diverse range of 60+ crypto assets, including Bitcoin, Ethereum, and Solana.

Olivia made the testing of Coinbase Pro and she reports that the deposit and withdrawal fees on the platform are inline with what most other platforms charge. She first deposited $500 with a Mastercard which resulted in a total fee of $19.95 and she later withdrew the full amount for a total fee of only $5.

The user-friendly interface boasts real-time candles, depth charts, and order books, empowering traders with vital information. Customer satisfaction soars with a Trustpilot rating of 4.6, emphasizing the platform's reliability.

Coinbase Pro champions local fiat-to-crypto payment methods, including ACH transfers and wire transfers, ensuring seamless transactions. Getting started is a breeze: visit the Coinbase Pro website, create an account, complete verification, and deposit funds. This intuitive process has attracted a vast user base.

Coinbase Pro features

Regulated US Exchange
Fiat Onramps
Institutional-Grade Security
Liquidity Pools: High trading volumes
Market and Limit Orders
Crypto trading app
Insurance Coverage
Staking: Passive income
Withdrawal Whitelists
Recurring Buys: Dollar-cost averaging

Fees

Trading fee: 0.2% - 3.99%
Withdrawal fee: 1% + standard network fees
Deposit fee: USD10 - 3.99%

Why we like it

Located in San Francisco, California, Coinbase Pro benefits from the tech-savvy atmosphere of Silicon Valley. Its advanced order types and charting tools facilitate precise trading decisions. Real data showcases its prowess, with an average daily trading volume exceeding $2 billion.

Trading features are impeccable, offering limit, market, and stop orders. Notably, Coinbase Pro employs a maker-taker fee model. Makers enjoy a 0.05% fee rebate, while takers encounter a low 0.5% fee.

Pros

Fiat Support: USD deposits
Staking: Earn rewards
Instant Transfers: Coinbase wallet
Lending Services: Borrowing options
Segregated Funds: Customer protection

Cons

Limited Coins
Withdrawal Delays
No Anonymity
Withdrawal Fees

Sign up with Coinbase Pro>>

6. Kraken - Best crypto trading platform for beginners

Kraken rating 4.5/5

Kraken

The best crypto trading platform for beginners in the USA is by far Kraken . Kraken holds licenses including the BitLicense from the New York State Department of Financial Services (NYSDFS) and is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN). Established in 2011, Kraken has demonstrated a steadfast commitment to security and regulatory compliance.

Headquartered in San Francisco, Kraken offers a user-friendly interface catering to novice traders. Its array of order types and comprehensive charting tools provide a robust trading experience. It’s easy to make accurate price predictions with the interface thanks to the advanced charting interface.

Customer satisfaction remains high, with a 4.6/5 rating on Trustpilot, a testament to its user-friendly design and responsive customer support. Fees are competitive – deposit fees vary but are often minimal, withdrawal fees are reasonable, and trading fees for makers start at 0.16% and for takers at 0.26%.

Benjamin reviewed Kraken and reports on the trading fees for both maker and taker traders. He started by depositing $1000 which was free. Then he used the spot market to test the both fee systems. To enter a trade with a market order (taker fee) he paid exactly $2.8 which is inline with the 0.26% plus additional slippage which is normal. He then sold the same lot with a limit order (maker fee) and paid $1.90 which is also in line with the expectations plus additional slippage. Overall, he reports that the Kraken fees were similar or better then most competitors.

Withdrawal limits provide flexibility, allowing users to withdraw up to $5 million per day, depending on verification levels. Kraken's local fiat-to-crypto payment methods include ACH, FedWire, and domestic wire transfers, simplifying transactions for US users.

The platform supports beginners with a straightforward sign-up process: visit the Kraken website, provide necessary identification documents, complete verification, deposit funds using various methods, and start trading!

Kraken features

Margin & Futures Support
Fiat On/Off Ramps
OTC Desk Access
Price Impact Minimization
Crypto Lending
Market Sentiment Analysis
Advanced Charting Tools
Security Token Offerings

Fees

Trading fee: 0.16% - 0.26%
Withdrawal fee: 0.00005 BTC
Deposit fee: Mostly free (some cryptocurrencies depend on the network)

Why we like it

Kraken's trading features are exceptional. It offers more cryptocurrencies than other competitors in the United States and currently lists over 50 altcoins + Bitcoin. The trade interface is intuitive, boasting a simple yet efficient layout that aids beginners in executing trades seamlessly.

Pros

Strong Security Measures
Margin Trading Available
Transparent Fee Structure
Insurance Coverage
Fiat Withdrawal Options
Strong Track Record

Cons

Limited U.S. States
Slow Customer Support
Limited Altcoin Choices
Order Execution Speed

Sign up with Kraken>>

What is a crypto trading platform?

A crypto trading platform is an online software that allows traders to trade crypto in a safe and exciting way. On these platforms you can buy, sell, and even short cryptocurrencies like Bitcoin and other altcoins.

The trading platform is the broker that puts buyers and sellers together, in this case US citizens, and this is how the liquidity on the platform is filled. For this, the platform charges a small fee, which is how it earns its money.

A crypto trading platform typically has very smooth interfaces with all the tools you need to day trade and swing trade crypto. Some of these features might be TradingView charts, technical indicators, market depth tools, risk management tools, and leverage.

Key features of a crypto trading platform include:

Order Execution: Users can place different types of orders, such as market orders, limit orders, and stop orders, to buy or sell cryptocurrencies.
Market Data: Real-time price data, trading volumes, order book information, and historical price charts are available to help users make informed decisions.
Wallet Integration: Users can deposit and withdraw cryptocurrencies to and from their wallets on the platform.
Security Measures: A reputable platform implements strong security measures such as two-factor authentication (2FA), cold storage for funds, and encryption to protect users' assets.
Fiat-Crypto Trading: Some platforms allow users to trade cryptocurrencies with traditional fiat currencies (USD, EUR, etc.).
Cryptocurrency Pairs: Different trading pairs are available, allowing users to trade one cryptocurrency for another or for fiat.
Advanced Trading Features: Some platforms offer advanced trading options like margin trading, futures contracts, and options trading.
User Interface: A user-friendly interface that displays market data, charts, and tools for technical analysis.
Mobile Apps: Many platforms provide mobile apps for trading on the go.
Liquidity: The platform's liquidity affects the ease of executing trades at desired prices.
Customer Support: A responsive customer support system to assist users with their queries and issues.

Popular examples of crypto trading platforms include Coinbase, Binance, Kraken, Bitfinex, and Huobi. Traders and investors use these platforms to engage in buying and selling cryptocurrencies to profit from price fluctuations or to build their crypto portfolios.

Different types of crypto trading platforms

Here are some of the most common types of crypto trading platforms:

Centralized Exchanges: These are the most traditional type of crypto trading platforms. These exchanges have full responsibility for the funds on the platform and act as intermediaries. Examples include Coinbase, Binance, and Kraken.
Decentralized Exchanges): DEXs operate on blockchain technology and allow users to trade directly with one another without the need for a central intermediary. They offer more privacy and control over funds but may have lower liquidity compared to centralized exchanges. Examples include Uniswap, PancakeSwap, and SushiSwap.
Futures and Derivatives Exchanges: These platforms specialize in offering futures contracts, options contracts, and other derivative products related to cryptocurrencies. Traders can speculate on the price movements of cryptocurrencies without owning the underlying assets. Examples include BYDFi, Bybit, and Phemex.
Margin Trading Platforms: These platforms allow traders to borrow funds to increase their trading positions. It involves trading on leverage, which can amplify both profits and losses. Examples include Kraken, Bitfinex, and Huobi.
P2P (Peer-to-Peer) Exchanges: P2P platforms connect buyers and sellers directly, allowing them to negotiate prices and terms. Examples include LocalBitcoins and Paxful.
Copy Trading Platforms: These platforms enable users to replicate the trades of experienced traders, essentially copying their trading strategies. Examples include eToro and ZuluTrade.
Algorithmic Trading Platforms: These platforms allow traders to automate their trading strategies using algorithms and predefined rules. They can execute trades faster and more consistently than manual trading. Examples include 3Commas and HaasOnline.
Crypto Robo-Advisors: These platforms use algorithms to provide automated investment advice and portfolio management. Examples include Shrimpy and Coinrule.
Institutional Trading Platforms: Designed for institutional investors and high-net-worth individuals, these platforms offer high liquidity, advanced trading tools, and security features. Examples include Genesis Trading, Coinbase Prime, and BitGo.

Should you trade crypto in the USA?

Whether you should trade crypto in the USA depends on your individual circumstances, risk tolerance, and understanding of the market.

Here are some factors to

consider:

Pros of Trading Crypto in the USA:

Regulatory Framework: The USA has a relatively established regulatory framework for cryptocurrency trading, offering a level of consumer protection and legal recourse.
Market Access: Being a large and influential market, the USA offers access to a wide range of cryptocurrencies and trading platforms.
Innovation and Adoption: The USA has been at the forefront of crypto innovation, with many blockchain and crypto projects originating there.
Investment Opportunities: Trading crypto in the USA can provide opportunities to profit from the volatile nature of the market.
Diverse Platforms: A variety of centralized and decentralized trading platforms are available for different trading preferences.
Liquidity: The USA's active crypto trading community contributes to higher liquidity, making it easier to enter and exit positions.

Cons of Trading Crypto in the USA:

Regulatory Uncertainty: While there's a regulatory framework, the crypto industry is still evolving, leading to occasional uncertainty about legal requirements.
Tax Complexities: Cryptocurrency taxation rules can be complex in the USA, requiring careful record-keeping and reporting.
High Competition: The USA's active trading environment means high competition, making it challenging to achieve consistent profits.
Volatility Risk: Cryptocurrencies are highly volatile assets, leading to substantial gains but also potential significant losses.
Security Concerns: Cybersecurity risks and hacking attacks can threaten your funds on both centralized and decentralized platforms.
Lack of Regulation Uniformity: Cryptocurrency regulations can vary between states, potentially leading to confusion or uneven protections.
Lack of Investor Education: Many traders enter the market without a thorough understanding of blockchain technology and trading risks.
Scams and Fraud: The unregulated nature of certain crypto offerings can expose traders to scams and fraudulent schemes.
Emotional Stress: Rapid price fluctuations can lead to emotional stress and impulsive decision-making.
Market Manipulation: The relatively nascent nature of the market can make it susceptible to price manipulation by larger players.

Which crypto broker has the lowest fees?

Here are some brokers that were known for low fees:

BYDFi: BYDFi is one of the best cryptocurrency trading exchanges globally and has been known for its competitive trading fees. The fees can be further reduced if you trade with higher volume which will gradually reduce your feed..
Kraken: Kraken is known for its transparent fee structure and relatively low trading fees, especially for users with higher trading volumes.
Coinbase Pro: Coinbase Pro (formerly known as GDAX) is the trading platform offered by Coinbase. It generally has lower fees compared to the standard Coinbase platform.

What makes a crypto trading platform good?

A good crypto trading platform exhibits several key attributes and often offers a user-friendly interface with easy navigation that is easy to use for both beginners and advanced traders. Robust security measures, including two-factor authentication and cold storage, protect users' funds.

A wide range of cryptocurrencies and trading pairs ensures diverse investment options. High liquidity minimizes trading slippage. Transparent fee structures with competitive rates aid cost efficiency.

The platform should provide reliable customer support to address queries and issues promptly. Advanced trading features like margin trading, stop-loss orders, and charting tools empower traders.

Additionally, regulatory compliance, frequent updates, quick order execution, and a strong track record contribute to a reputable and trustworthy platform.

How to start trading crypto in the USA

To start trading crypto in the USA, follow these steps:

Educate Yourself: Learn the basics of crypto trading platforms and find out exactly what you are looking for.
Choose a Reliable Platform: Select a reputable cryptocurrency trading exchange like Coinbase, Binance US, or Kraken.
Create an Account: Sign up on the chosen exchange, provide necessary identification, and set up two-factor authentication for security.
Deposit Funds: Deposit USD or other supported fiat currency via bank transfer or other payment methods.
Start trading: Once you have deposited funds in your account you can not go ahead and choose the trading pair you want to trade.

Is crypto trading legal in the USA?

Yes, cryptocurrency trading is legal in the USA. However, in some states the regulation is in sort of a greyzone and is currently developing. The U.S. considers cryptocurrencies as property for tax purposes.

The Commodity Futures Trading Commission (CFTC) regulates cryptocurrencies as commodities, while the Securities and Exchange Commission (SEC) monitors tokens that are deemed securities.

Traders and investors must adhere to tax reporting requirements and comply with relevant regulations. State-level regulations also apply, leading to varying rules across states.

It's crucial to stay informed about the latest regulatory developments and ensure compliance to trade cryptocurrencies legally in the USA.

Our review methodology

When choosing the best crypto trading platform, we focus on key factors. Security comes first, checking things like two-factor authentication, encryption, and cold storage.

Fees matter too – we look at maker, taker, and trading fees to see their impact on profits. We also check the variety of cryptocurrencies available and how smoothly trades happen due to liquidity and speed.

User experience is vital, including how easy the interface is and how fast customer support responds. Following rules is a big deal, especially for user data safety and anti-money laundering.

We also review advanced trading options, mobile app use, and educational resources. Real user feedback helps us assess for all kinds of traders.

FAQ

Which crypto exchange is safest?

Kraken, Coinbase, and BYDFi are among the exchanges known for strong security measures and regulatory compliance.

What is the most profitable trade in crypto?

Profitability varies; trading popular cryptocurrencies during bullish trends or investing in promising projects can yield profits.

Should I use Coinbase or Binance?

Coinbase is user-friendly, ideal for beginners; Binance offers a wider range of cryptocurrencies and advanced features.

Which crypto exchange has lowest fees?

BYDFi, Phemex, and PrimeXBT are known for low fees, especially for high-volume traders.

What is the fastest growing crypto trading platform?

BYDFi is currently experiencing rapid growth due to its vast offerings and user base.

What is the most used crypto platform in the US?

Coinbase remains one of the most widely used platforms in the US.

What is the best American based crypto exchange?

Coinbase and Kraken are two highly reputable American exchanges that are used by millions of American traders and investors.

What crypto platforms are legal in US?

Most major exchanges like BYDFi, Coinbase, Kraken, and Binance.US are legal and compliant in the US.

Which crypto wallet is working in USA?

Wallets like Coinbase Wallet, Exodus, and Ledger Nano S are popular and work in the US.

Is Robinhood good for crypto?

Robinhood offers easy access to crypto but lacks features compared to dedicated exchanges.

What is the easiest exchange to buy crypto in USA?

Coinbase is often recommended for its user-friendly interface and ease of use.

Conclusion

BYDFi unquestionably takes the top spot as the best crypto trading platform in the USA. Our expert team, including Henry, Olivia, and Benjamin, meticulously evaluated over 30 exchanges to create this list.

BYDFi stands out with advanced charting, 200x leverage, low fees, and robust security. Registered under the U.S. FinCEN as an MSB, it's a symbol of compliance and safety.

Henry's tests revealed quick KYC and competitive trading fees, averaging $7.50 per $50,000 trade through Perpetual Swap contracts. With 200+ coins, including affordable "penny coins," BYDFi caters to diverse preferences.

In short, BYDFi is the undisputed best crypto trading platform in the USA, offering regulatory compliance, diverse features, and user-friendliness. Explore BYDFi's offerings and trade with confidence. Conduct your due diligence before investing.

About the authors

Henry, Olivia, and Benjamin are a team of crypto experts who are very interested in how crypto trading platforms work. They’ve spent a lot of time researching the platforms in this guide to bring you the absolutely top of the best crypto trading platforms in the USA.

Together they have nearly 20 years of experience and knowledge in the crypto niche, so if you are looking for the best guide on American crypto trading platforms, then you have come to the right place.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.