Top 10 Crypto Exchanges in USA – Features, Pros & Cons, and Ratings

Cryptocurrencies have gained enormous popularity in recent years, and the demand for cryptocurrency brokers has surged. There are numerous cryptocurrency brokers in the United States, each with its own unique features, advantages, and disadvantages. This article will list and evaluate the top 10 cryptocurrency brokers in the USA based on their features, advantages, disadvantages, and ratings.

Coinbase

Coinbase is one of the most well-known cryptocurrency brokers in the USA, and it is also one of the most user-friendly. It supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, and has an easy-to-use interface. Coinbase also provides excellent security features, such as two-factor authentication and cold storage.

Advantages: Easy-to-use interface, wide range of cryptocurrencies, excellent security features
Disadvantages: High fees, limited payment options
Rating: 9/10

Binance.US

Binance.US is the US-based branch of Binance, which is one of the largest cryptocurrency exchanges in the world. It offers a wide range of cryptocurrencies and has competitive trading fees. Binance.US also has a mobile app that allows users to trade cryptocurrencies on the go.

Advantages: Wide range of cryptocurrencies, competitive trading fees, mobile app
Disadvantages: Limited payment options, complex interface for beginners
Rating: 8/10

Kraken

Kraken is a US-based cryptocurrency exchange that has been around since 2011. It offers a wide range of cryptocurrencies, including some of the more obscure ones, and has low trading fees. Kraken also has advanced trading features, such as margin trading and futures trading.

Advantages: Wide range of cryptocurrencies, low trading fees, advanced trading features
Disadvantages: Complex interface for beginners, slow customer support
Rating: 8/10

Gemini

Gemini is a New York-based cryptocurrency exchange that is known for its excellent security features. It offers a limited range of cryptocurrencies, including Bitcoin and Ethereum, and has low trading fees. Gemini also has a mobile app that allows users to trade cryptocurrencies on the go.

Advantages: Excellent security features, low trading fees, mobile app
Disadvantages: Limited range of cryptocurrencies
Rating: 8/10

eToro

eToro is a popular social trading platform that also offers cryptocurrency trading. It offers a wide range of cryptocurrencies and has low trading fees. eToro also has a unique feature called “CopyTrader,” which allows users to automatically copy the trades of successful traders.

Advantages: Wide range of cryptocurrencies, low trading fees, unique CopyTrader feature
Disadvantages: Limited payment options, complex interface for beginners
Rating: 7/10

Robinhood Crypto

Robinhood Crypto is a mobile app that allows users to trade cryptocurrencies with zero trading fees. It offers a limited range of cryptocurrencies, including Bitcoin and Ethereum, and has a simple and easy-to-use interface.

Advantages: Zero trading fees, simple and easy-to-use interface
Disadvantages: Limited range of cryptocurrencies, lack of advanced trading features
Rating: 7/10

Bitstamp

Bitstamp is a European-based cryptocurrency exchange that has a strong presence in the United States. It offers a wide range of cryptocurrencies and has low trading fees. Bitstamp also has advanced trading features, such as margin trading and order types.

Advantages: Wide range of cryptocurrencies, low trading fees, advanced trading features
Disadvantages: Complex interface for beginners, limited payment options
Rating: 7/10

Bitfinex

Bitfinex is a Hong Kong-based cryptocurrency exchange that also has a strong presence in the United States. It offers a wide range of cryptocurrencies

and has advanced trading features, such as margin trading and order types. Bitfinex also has excellent liquidity, making it a popular choice among traders.

Advantages: Wide range of cryptocurrencies, advanced trading features, excellent liquidity
Disadvantages: Complex interface for beginners, limited payment options
Rating: 7/10

CEX.IO

CEX.IO is a UK-based cryptocurrency exchange that also has a strong presence in the United States. It offers a wide range of cryptocurrencies and has low trading fees. CEX.IO also has advanced trading features, such as margin trading and order types.

Advantages: Wide range of cryptocurrencies, low trading fees, advanced trading features
Disadvantages: Limited payment options, slow customer support
Rating: 6/10

Coinmama

Coinmama is an Israel-based cryptocurrency broker that allows users to buy and sell cryptocurrencies with a credit card or bank transfer. It offers a limited range of cryptocurrencies, including Bitcoin and Ethereum, and has high trading fees.

Advantages: Allows users to buy and sell cryptocurrencies with a credit card or bank transfer
Disadvantages: Limited range of cryptocurrencies, high trading fees
Rating: 5/10

Conclusion

There are numerous cryptocurrency brokers in the USA, each with its own unique features, advantages, and disadvantages. Coinbase, Binance.US, Kraken, and Gemini are some of the most popular cryptocurrency brokers due to their wide range of cryptocurrencies and low trading fees. eToro and Robinhood Crypto are popular due to their unique features, while Bitstamp, Bitfinex, and CEX.IO are popular due to their advanced trading features. Coinmama is a popular option for those looking to buy and sell cryptocurrencies with a credit card or bank transfer. It is important to consider the features, advantages, and disadvantages of each cryptocurrency broker before making a decision.

Here is a comparative table summarizing the key features, advantages, disadvantages, and ratings of the 10 cryptocurrency brokers in the USA we discussed earlier in this article.

Broker	Key Features	Advantages	Disadvantages	Rating
Coinbase	Wide range of cryptocurrencies, user-friendly	User-friendly, wide range of cryptocurrencies	High trading fees	8/10
Binance.US	Wide range of cryptocurrencies, low trading fees	Low trading fees, high liquidity	Limited payment options, lacks advanced trading features	8/10
Kraken	Wide range of cryptocurrencies, low trading fees	Low trading fees, advanced trading features	Slow customer support	8/10
Gemini	Wide range of cryptocurrencies, user-friendly	User-friendly, high security	Limited payment options	7/10
eToro	Social trading, user-friendly	User-friendly, social trading features	Limited range of cryptocurrencies, high trading fees	7/10
Robinhood	Commission-free trading, user-friendly	User-friendly, commission-free trading	Limited range of cryptocurrencies, lacks advanced features	6/10
Bitstamp	Advanced trading features, low trading fees	Low trading fees, advanced trading features	Limited payment options, complex interface	7/10
Bitfinex	Wide range of cryptocurrencies, advanced features	Advanced trading features, excellent liquidity	Complex interface, limited payment options	7/10
CEX.IO	Wide range of cryptocurrencies, low trading fees	Low trading fees, advanced trading features	Limited payment options, slow customer support	6/10
Coinmama	Allows buying with credit card or bank transfer	Ability to buy with credit card or bank transfer	Limited range of cryptocurrencies, high trading fees	5/10

Note that the ratings are based on a combination of the features, advantages, and disadvantages of each broker, and are meant to serve as a rough guide for comparison purposes only. It is important to conduct your own research and analysis before choosing a cryptocurrency broker that meets your individual needs and preferences.

Security first

Some of the major cryptocurrency exchanges in the United States have suffered hacks and security breaches over the years. Here are some notable examples:

1. Mt. Gox: Although not a U.S. exchange, Mt. Gox was one of the world’s first and largest Bitcoin exchanges, based in Japan. In 2014, the company declared bankruptcy after suffering a major Bitcoin theft, which was attributed to a hack.
2. Bitfinex: In 2016, the Bitfinex exchange suffered a hack that resulted in the theft of about 120,000 bitcoins, worth over $70 million at the time. The company was able to recover from the attack and continues to operate today.
3. Binance: In 2019, the Binance exchange suffered a major hack that resulted in the theft of over $40 million in bitcoins. The company was praised for its quick and effective response to the attack and was able to mitigate the damage.
4. Bitpoint: In 2019, the Japanese exchange Bitpoint, which had operations in the United States, suffered a hack that resulted in the theft of about $28 million in cryptocurrencies. The company was forced to temporarily suspend its operations to investigate and deal with the attack.

It’s important to remember that no security system is perfect and that all exchanges are vulnerable to hacks and security breaches. That’s why it’s important for cryptocurrency traders and investors to take precautions to protect their assets, such as using two-factor authentication, keeping their private keys secure, and using reputable exchanges with a track record of security and reliability.