The Best Cryptocurrency Exchange For US Customers

The regulatory environment surrounding cryptocurrency trading has created a niche for the US market. Trading crypto in the US comes with benefits that are unavailable in many other countries koers bitcoin euro, such as FDIC insurance on USD deposits. However, traders must adhere to additional identity verification requirements. To avoid fraud, US-based exchanges must follow strict KYC/AML requirements.

Cryptocurrency exchange – eToro

eToro is a popular cryptocurrency exchange that lets customers deposit fiat currency or cryptocurrency into their accounts. Users can deposit via wire transfer, credit/debit card, and popular e-wallets. While funds are held in US dollars, eToro users may be able to withdraw them via bank transfer. They can also use their web-based platform or the eToro app to buy and sell assets. For first-time customers, the minimum deposit amount ranges from USD 50 to USD 10,000.

While other exchanges offer low fees and no commissions, eToro charges 1% of each transaction. It also charges a variable spread for buying and selling cryptocurrencies. These fees are higher than other exchanges, but are not the highest on the market. Additionally, eToro charges an inactivity fee for accounts that are inactive for a year.

Cryptocurrency exchange – Binance

The Binance cryptocurrency exchange has opened registration for US customers on September 18th. The exchange will offer a number of services and lower fees than other exchanges. Users can trade in more than 500 cryptocurrencies and over 1200 trading pairs. This is far less than the number of trading pairs offered by other leading decentralized exchanges.

Binance offers seven cryptocurrency assets, though its entire exchange list features hundreds. The exchange is geared towards pro traders and crypto investors. However, it does not currently accept US traders who live in New York. In addition, users must verify their identity before being allowed to trade on the exchange. The process can take up to 48 hours. Those who meet the eligibility requirements can deposit and withdraw as much as $30,000 USD.

Cryptocurrency exchange – Gemini

If you live in the United States and wish to trade cryptocurrency , you can open an account with Gemini. You need to provide your email address and a password to sign up. Then, you have to agree to its privacy policy. You can also use your debit or credit card to deposit funds to your account. Once you’ve completed the registration process, you’ll be able to buy and sell cryptocurrency instantly.

Gemini also offers convenient features, such as a history of your account and the ability to download transactions. This can be especially useful during tax time. Moreover, Gemini allows you to download your account history, which is especially useful if you are a frequent investor.

Cryptocurrency exchange – Coinbase

The Coinbase cryptocurrency exchange for US customers offers a range of features for individuals and institutions. The platform offers a range of investment options and supports more than 40 cryptocurrencies. The platform also supports withdrawal and deposit of fiat currencies via ACH. A few of the fees can be confusing, but Coinbase lays them out in their terms and conditions before completing a transaction.

Coinbase keeps 98% of its customers’ crypto in offline vaults and 2% in cold storage. It also has a strong insurance policy to protect customers’ assets. However, the company has warned that if it experiences a security breach, a crypto asset could be subject to bankruptcy proceedings.