Now a days there are many top crypto exchanges. When Bitcoin blockchain launch back in 2009, and started to involve on internet. There the fear comes of crypto exchange regulation. Cryptocurrency is based on decenterlized blockchain. No one have the authority to control it. Blockchain data is distributed to nodes (computers) connected to blockchain network. People can freely join the blockchain and trade. They don’t have to file KYC and AML like most of forex exchange.
Now a days almost everyone knows about crypto, credit goes to bitcoin users also the huge spike of bitcoin price. If you are living in USA then this article for you. Today will go through top crypto exchanges that are reliable in USA.
Top Crypto Exchanges in USA
Coinbase was founded back in 2014 based in San Francisco. Coinbase is very popular in USA, user-friendly interface interact with new users without any difficulty. One of the best part for USA trader are, your funds on coinbase are insured by FDIC. This means United state residents money is insured up to $250,000. New traders are protected with extra layer of protection that makes coinbase a good start up for newbie’s.
you have to provide your valid government ID to verify your account with Coinbase.
No limits on trades for USA traders but the withdrawals are limited to $25,000 per day.
Trading fee for takers are between 0.05% to 0.25% for the maker fee 0% to 0.15%
Deposit & Withdraw
Deposit and withdrawal can be made via ACH, Credit/Debit card
Binance us has a standalone version dedicated for USA traders only. Binance is one of the top crypto exchanges in the world. Also one of the top exchange by trade volume. USA version launched specifically to comply with USA regulation requirements, just like coinbase is based in San Francisco.
Binance us version go live back in September 2019. There are major difference in usa version and global version based on crypto assets available to trade. US version only using those assets that are compitable with USA legal assets requirements. That’s why there are limited assets to trade on USA version. For now if your are stated in NY State then Binance US is not available for you.
You have to provide valid government issued ID and selfie to verify your account.
They have no strict trade limits. But deposit and withdraws start from $5000 that increase up to $30,000.
Spot trading fee are 0.1% and instant buy/sell fee 0.5% with higher trade volume you can enjoy Low fee. Fee are determined based on 30-day trading volume.
Deposit & withdraw
US support deposit and withdrawal via ACH.
Gemini is based in NYC and fully complaint with NY stat law. Back in 2014, Gemini launched by Winklevoss brothers. That’s why regulation policy of gemini verification process is complicated.
Deposit on Gemini is FDIC insured. Gemini hold 1% of total bitcoin volume. NY Banking Law making Gemini secure option for US Traders.
- Government issued ID
- Address verification with 90 days old utility bill
- A selfie image
Through credit/debit card $500 daily limit. No limit on wire transfer and crypto asset transaction for verified users.
For Start 0.25% fee on maker/taker.
Deposit & Withdraw
Local US bank transfer, wire transfer, credit/debit card.
Kraken is focused on experienced crypto traders and offer complex crypto trading service like margin trading. If you living in Washington or New York State, you are not eligible. It doesn’t apply if you are out from these 2 states.
Government issued ID and address verification required for USA traders.
Based on verification level you can do $5000 up to $10 million.
0.14% and 0.26% fee for trade volume under $100,000 monthly.
Deposit & withdraw
Multiple options available including FedWire and Swift