Cryptocurrencies have taken the world by surprise. Now, it is almost like everyone wants to start trading cryptocurrencies. So, there is a need to help newcomers spot safe and regulated cryptocurrency exchanges. Exchanges that will give them a seamless process as it has to do with buying and selling cryptocurrencies.
This is why in this article, we have outlined the best cryptocurrency exchanges in the USA for beginners.
OKCoin
The cryptocurrency company started in 2013, and it has grown to become one of the most popular cryptocurrency exchanges in the ecosystem. Every month, the platform has users transacting more than 16 million bitcoins in trade volume. The cryptocurrency is currently located in China and offers services to customers in Asia and also around the world.
The cryptocurrency exchange charges 0.2% transaction fees which is almost normal in the industry. However, while other exchanges give a 10% discount marker, OkCoin does not charge its customers for withdrawing bitcoin.
Bittrex
Bittrex is another leading cryptocurrency exchange in the industry. The company is known for its strict security measures. Primarily for its two-factor authentication feature. The platform provides digital wallets with multiple-stage strategies to ensure that the cryptocurrency holdings of customers are kept safe and secure in cold storage offline.
Bittrex has a lot of positive features, especially its low transaction fees, and the ‘buy and sell instantly’ feature. This feature allows users to buy and sell cryptocurrencies as fast as possible by just clicking a button.
Also, they have an app that is mobile friendly, compatible with both Android and iOS devices. Lastly, Butter has an average transaction fee of 0.25% and does not charge for withdrawals and deposits.
Coinmama
This exchange began in Slovakia in 2013. The exchange is secure and fast, also, buying and selling cryptocurrencies on the platform is very easy. Users can easily trade cryptocurrencies in the United States and also around the world. Currently, the exchange has a database of 2.6 million people globally, and they have a team of experts that give users investment advice.
They accept payments in fiat currencies like CAD, USD, AUD, GBP, and EUR. Also, as a user, you can purchase cryptocurrencies with your MasterCard, Visa, or debit or credit card. Averagely, the exchange charges a transaction fee of 3.9% and an additional momentum fee of 5% for transactions through debit and credit cards.
Gemini
This cryptocurrency exchange is a highly regulated crypto exchange located in NYC. The company is licensed in NY to carry out financial services. Therefore, it is one of the most secure exchanges in the industry. Buyers and sellers use this exchange more because of its regulations and safety, and these make it a point of attraction for beginners.
They also have some other features like a multi-signature withdrawal process, a desktop version, 2FA, encryption, authentication, login protection, and so on. Gemini’s transaction fee is usually based on the 30 days trading volume of users. Averagely, the exchange charges between 0 to 0.35% transaction fees.
Every other transaction of buying and selling attracts no transaction fees except that of credit card purchase, it charges 3.49% for using credit cards.
Kraken
The exchange started in 2011. It is located in California, San Francisco. According to CoinMarketCap, this exchange ranks as one of the top five. And this review is based on traffic, liquidity, and spot market trading volume. This exchange is one of the licensed cryptocurrency exchanges in the USA from FinCEN. The platform provides many cryptocurrencies for companies and organizations. Also, it provides futures and margin trading for traders.
Kraken charges 0.26% for every trade. Then it charges 3.75% with an additional 0.25 Euros for using credit cards to buy cryptocurrencies. Also, for online transfers, the platform charges 1.7% with an additional $1.10 for transferring online. Finally, the trading fees are different depending on the cryptocurrency pair that you are trading.
Changelly
This cryptocurrency is popular in the industry for allowing users to purchase cryptocurrencies with credit and debit cards. The interface is simple to use for both advanced and new traders, also, they allow traders to swap cryptocurrency tokens. Again, the platform offers users opportunities to send their digital assets to their cryptocurrencies to their hardware wallet. This process helps the users secure their assets.
For cryptocurrency swaps, Changelly is one of the most preferred websites in the community. The platform uses a solid trading algorithm to help users know the best-rated for trading cryptocurrencies.
Also, the tools on the platforms are simple and intuitive, and it allows users to efficiently execute trades. Again, the platform accepts several payment options that do not stress users. When users buy coins from this platform they pay 0.5% transaction fees.
Coinbase Pro
This exchange is among the most popular in the industry, and it is the best to use for traders. The transactions on the platforms are instant, especially when users make a deposit. The platform started in 2015, and they offer various interesting features like high volume trades, top-notch security, ease to use, high liquidity, and a high level of security.
Users pay 1.49% transaction fees for bank transfers and 3.99% for transactions using credit or debit cards.
Summarily, these are the best cryptocurrency exchanges that are best suited for users based on trade volume, liquidity, security, and most other features. Most importantly, these platforms are very good for every trader in the USA who is just beginning their journey in the world of cryptocurrency. However, any trader worldwide can use them effortlessly.
The cryptocurrency industry is a very volatile space. As a beginner, one of the best choices you will have to make is to choose the best cryptocurrency exchange. While there are many cryptocurrency exchanges in the industry, there are many scam sites.
Understanding that you have to select the best is one way to begin smoothly as a trader in the cryptocurrency world. For these reasons, you have to be careful. Also, if you choose any of these cryptocurrency exchanges, be sure that you will have the best experience as a trader.
Also Read:
TOP 5 CRYPTO EXCHANGES IN THE UK FOR BEGINNERS
BEST CRYPTO EXCHANGE WALLETS OF 2022
TOP 6 CRYPTO EXCHANGES IN RUSSIA (2022)
KRAKEN CRYPTO EXCHANGE: WHY IS US TREASURY INVESTIGATING IT?
