Before deciding on which is the best crypto exchange in the US, you need to consider a few factors. You should check the reputation of a crypto exchange, which is not just a matter of trusting reviews from blogs or forums. You should also check the team behind a crypto exchange and whether it has any reliable media or developer reviews. Furthermore, if you want to remain anonymous, you should avoid sites that require KYC verification. The security system should explain how the exchange management ensures its customers’ safety.
Gemini
Gemini is one of the few regulated cryptocurrency exchanges in the United States. It was founded by the Winklevoss twins, Tyler and Cameron, who gained fame after suing Mark Zuckerberg over the Facebook concept. The company is based on user empowerment and transparency. Gemini has been around since late 2015, and is available in 45 states, Canada, Singapore, and South Korea. The Winklevoss twins were also behind the infamous Facebook lawsuit.
The fees associated with Gemini are based on the volume of trading in the past 30 days. They work on a sliding scale, so lower fees are charged for higher trading volumes. Additionally, adding funds to your ActiveTrader account is free, while debit card or wire transfers cost 3.49% of the total purchase amount. The withdrawal fees vary depending on the currency you are using and how much you withdraw, but Gemini does not charge transaction fees for less than 10 withdrawals per month.
Kraken
The security measures used by Kraken are exceptional, putting the funds of its customers in cold storage outside of online systems. Two-factor authentication, email confirmations of withdrawals, and global settings time locking also help protect the account of its users. In addition to this, Kraken keeps full reserves of customer funds. And because of its high level of encryption, no one can steal the funds held in customers’ accounts.
The trading software used by Kraken is generally considered to be good, but there is still room for improvement. The site has been known to crash during periods of peak trading, but Kraken recently released a complete overhaul of its trading platform, which will likely improve usability and solve the website crash issues. It also supports margin trading with x5 leverage and a short position option. Its wide selection of coins is a big plus.
eToro
eToro is a leading exchange that offers traders a wide range of cryptocurrencies. It offers research on popular cryptocurrencies, including a breakdown of their history, market cap, and buying and selling activity. It also analyzes common technical indicators and presents data in easy-to-understand buy, sell, and hold ratings. If you live in the United States, you should consider signing up for eToro.
eToro offers a popular investor program that aims to minimize long-term risk. These portfolios are professionally managed by eToro’s investment committee. They analyze their performance in detail and rebalance them automatically. The exchange also offers a CryptoPortfolio that lets users invest in some of the most popular cryptocurrencies. The minimum amount for signing up for this program is $5,000 and average monthly trading volume is $20 million.
eToro is a great place for beginners. Its web-based platform and app are easy to use, and its demo account features a virtual $100,000 portfolio. The website offers a large variety of cryptocurrencies, including bitcoin, ethereum, and ethereum. In addition to dozens of crypto-assets, eToro offers stock and limited ETF options to its users.
Binance
Founded in 2017, Binance is a centralized crypto exchange. Its founder, Changpeng Zhao, has expertise in advanced financial software and served as an executive at OKCoin. The company has quickly grown to its current status, despite a clash with Chinese government regulations. Initially based in China, Binance has moved offices several times. In recent years, however, it has been headquartered in New York, where it continues to be based.
Binance has a commitment to user security and has implemented industry-leading technical measures. They offer two-factor authentication and a secure, cold storage wallet. You can even trade with a friend or family member using your card. Users can also use QR codes to send crypto. Binance also has a 24 hour live chat customer support team. The company’s US-based staff is available around the clock.