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Best Crypto Exchanges and Platforms (2022) in USA

Best Crypto Exchanges and Platforms (2022) : Many people consider exchanging cryptocurrency as an approach to earning automated revenue. Others think about it as an alternative investment to other traditional forms of investments. Crypto traders are expanding by number every day given the fame of crypto, with Bitcoin soaring to above $63,000 in April 2021.

Many people trade cryptocurrencies on mobile apps but desktop apps are also popular for advanced crypto traders. Crypto trading is for individual users, groups, as well as established funds, companies, and institutions. It is a professional undertaking worth considering.

From financial institutions to everyday investors, more and more people are interested in cryptocurrency these days. To get in on the action, you need a crypto exchange account where you can buy and sell digital currencies, like Bitcoin, Ethereum and Dogecoin.

To help you pick the right account for your needs, Forbes Advisor combed through the leading platforms to determine the best crypto exchanges available today.

Best Crypto Exchanges and Platforms in USA

1. Coinbase

cryptocurrency exchange
Best Crypto Exchanges and Platforms

Coinbase is perhaps the world’s best-known crypto exchange and the best Bitcoin trading platform according to many happy customers around the globe. In business since 2012, it has managed to accumulate an international base of tens of millions of users and has generated more than US$300 billion in total trading volume. If you’re looking to buy cryptocurrency, sell, or trade it, this is probably the best place to start.

Reasons to Open Account:

  • Lots of cryptocurrencies supported
  • Very intuitive user interface
  • Fantastic security features

2. Kraken 

cryptocurrency exchange
Best Crypto Exchanges and Platforms

One of the oldest exchanges on the market, Kraken has offered services to a steady base of experienced crypto traders since 2011. Kraken is famous for its security, high liquidity, and the decent number of crypto pairs you can trade here. Its fees go as low as 0% and its customer support team is easily reachable, earning Kraken a spot among the top crypto exchanges. While it’s not the best option for beginners as its user interface is rather complex, experienced crypto traders will surely find Kraken’s features useful.

Reasons to Open Account:

  • One-on-one support
  • Very competitive trading fees
  • High-security measures

3. Crypto.com

Crypto.com
Best Crypto Exchanges and Platforms

Crypto.com is a crypto exchange platform that supports over 200 cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, Ripple, as well as many other popular and more obscure cryptos. The platform’s latest addition is an extensive collection of NFTs. In addition to blockchain products, Crypto.com allows you to buy and sell over 20 fiat currencies, such as US dollars, Euros, and pound sterling. And although it’s easy to use, this is the lowest fee crypto exchange. However, if you buy Crypto.com Coin (CRO), you can get a very generous discount.

Reasons to Open Account:

  • A range of supported currencies
  • Affordable fees
  • Intuitive interface

4. Robinhood 

Robinhood
Best Crypto Exchanges and Platforms

Best-known for its intuitive design, the Robinhood platform allows crypto trading with no fees. Although the list of cryptos you can buy and sell isn’t as extensive as with other trading platforms, Robinhood is definitely a good choice for beginners. It’s primarily designed for small screens, making complicated trading tools easy to use.

Reasons to Open Account:

  • Modern UI
  • No trading fees
  • Mobile app for iOS and Android

5. Bitcoin IRA

Bitcoin IRA
Best Crypto Exchanges and Platforms

Bitcoin IRA enables you to roll over your existing retirement accounts into a crypto IRA. You can use the platform to buy and sell a limited number of cryptocurrencies, including Bitcoin, Ether, Litecoin, Bitcoin Cash, Stellar Lumens, and Zcash. Those who want a more diversified portfolio can also trade gold. The self-trade Bitcoin IRA platform is an excellent choice for beginners thanks to its easy setup and trading processes.

Reasons to Open Account:

  • 256-bit encryption
  • Managed-service
  • Mobile app

6. Coinmama 

Coinmama 
Best Crypto Exchanges and Platforms

If you’re new to the world of cryptocurrency trading, Coinmama is a great place to start. With a streamlined interface featuring handy currency converters and very helpful customer support, it’s a great place to kick off your crypto trading adventure.

Reasons to Open Account:

  • Great choice for beginners
  • Supports bank transfers, credit/debit cards, and many other payment methods
  • Excellent customer support

7. Gemini 

Gemini 
Best Crypto Exchanges and Platforms

One of the best crypto exchange sites on our list is run by a New York-based trust company and digital marketplace. It offers some of the lowest rates in the business, has the highest number of cryptocurrencies to trade of all companies on our list, and offers some truly great advanced trading features and apps to boot. Combine this with mostly positive Gemini reviews online and you start to get the picture.

Reasons to Open Account:

  • High trading volume
  • Advanced trading interface with ActiveTrader™
  • Good mobile apps

8. Bitget

Bitget
Best Crypto Exchanges and Platforms

With more than 1.5 million users worldwide, 100-plus cryptocurrencies, and a $5.6 billion trading volume per hour, Bitget is one of the fastest-growing crypto derivatives trading platforms on the market. Bitget offers a wide range of products and services, including perpetual contracts, futures contracts, margin trading, and over-the-counter (OTC) trading.

Its widespread network with branches in Japan, Vietnam, South Korea, Taiwan, Canada, and other countries, enables users to trade crypto anytime and anywhere. The platform relies on the “maker-taker” trading model, offering crypto trading fees as low as 0.2% for “makers” (that is, liquidity providers), while the fees for “takers” stand at 0.6%.

Reasons to Open Account:

  • One-Click Copy Trade
  • Robust security system
  • Rich crypto selection

9. Bitstamp 

Bitstamp 
Best Crypto Exchanges and Platforms

Bitstamp is a secure and reliable trading platform that’s been in operation for 10 years. Although it isn’t the cheapest Bitcoin exchange, it still offers low fees for trading more than 50 coins. The platform accepts all popular cryptocurrencies, like Bitcoin, Bitcoin Cash, Litecoin, Ether, as well as some more obscure coins, such as Compound, Synthetic, and Paxos Standard. What’s more, we expect the list will only get longer in the future.

Reasons to Open Account:

  • Low trading fees
  • Advanced security measures
  • Designed for professional traders

10. Kriptomat 

Kriptomat 
Best Crypto Exchanges and Platforms

Kriptomat is a beginner-friendly crypto exchange platform that enables you to trade with more than 45 cryptocurrencies. The company was launched from Estonia and complies with EU legislation to ensure a safe and secure environment for crypto trading. You can trade with over 100 currency pairs via a powerful mobile app that comes with lots of additional features, like advanced security measures and cold cloud storage to protect your digital assets.

Reasons to Open Account:

  • Supports over 200 currencies
  • Live chat support
  • Mobile app

Frequently Asked Questions

Q #1) What is the best app for trading cryptocurrency?

Answer: Some of the best apps for trading cryptocurrencies are Cash App, Gemini, Crypto Pro, Block Fi, Binance, Kraken, Coinbase, Robinhood, and others. There are thousands of apps you can use to trade crypto, but the best apps for trading cryptocurrency have low fees and are secure.

You expect the best cryptocurrency app to offer the tightest spreads and allow diverse payment methods. For beginners, the best apps will allow trading with fiat. Best Crypto Exchanges and Platforms

Q #2) Is trading crypto profitable?

Answer: Yes and No. It depends on your trading strategies and the markets that you are engaged in. Most of the profitable trading on crypto trading apps relies on price speculation and a bit of it on providing services. You would have to research properly to know. It also depends on market forces that affect price movements in a very volatile way.

Crypto trading apps that allow you to reduce fees are best for profitable crypto trading. Additionally, they should offer tight spreads and huge liquidity.

Q #3) How do I get crypto for free?

Answer: One way is to sign up for airdrops and these are provided by most crypto trading apps and exchanges. An alternative place to find the airdrops is with an initial coin offering offered when a crypto project is starting.

Most crypto trading apps also offer crypto for free where you can refer a friend and earn free crypto. You can check also commissions offered for trading where you get free crypto after trading a given amount of tokens.

Q #4) What apps can I buy for cryptocurrency?

Answer: Trading apps to check out include Cash App, Coinbase, eToro, Kraken, Robinhood, Gemini,

Q #5) Cab Bitcoin makes you rich?

Answer: Yes and No. Bitcoin has made many people rich. It just needs a long-term investment and basic knowledge in markets and price movements. People who invested in Bitcoin four years ago when it was trading at $6,000 are now many times rich.

It however depends on price movements and it is also possible to become poorer after investing in cryptocurrencies. Trading cryptocurrencies also relies on speculation.

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