There are plenty of popular crypto exchanges available in the US crypto market. Choosing the best fit for your trading needs can be a difficult task. Therefore, it is quite crucial for traders to comprehensively analyze all aspects of crypto exchanges before selecting one. These aspects include exchange security, user interface, fees structure, cryptocurrency support, and liquidity.
These are some of the aspects you should always keep in mind while choosing a crypto exchange.
What is a Crypto Exchange?
A crypto exchange is defined as a medium where users can purchase and sell their crypto assets. Users can use an exchange to convert one crypto asset into another. Exchanges tend to reflect the current value of supported crypto assets. You can also convert your digital assets into US dollars or other cryptocurrencies on some other crypto exchanges or withdraw them to your regular bank account.
A single crypto exchange cannot be crowned as the right exchange for you because it comes to user preferences and interests when choosing a compatible crypto asset. Look for an exchange that aligns with your trading objectives and requirements.
Here is a crypto exchange list that is ranked according to the innovative trading features they have to offer.
Binance US
Binance US is an extension of Binance global. Binance US provides trading options, tools, and services while adhering to US jurisdictional regulations. The platform offers one of the market’s most competitive trading fees structure. Binance US is a completely credible and trustworthy platform and delivers an unmatched trading experience to both advanced and new traders. It has different UI (user interface) designed according to user experience level. Moreover, the platform supports many popular crypto assets.
Binance US tops the list of popular crypto exchanges because it comprises of a secure Binance wallet to store crypto assets.
Coinbase
Coinbase is one of the earliest US-based crypto exchanges. It is considered to be one of the largest crypto exchanges in the US crypto market in terms of high trading volume. The platform implements top-of-the-line security protocols to prevent any cyber theft or failure. It is a revolutionized platform that provides simple, easy-to-use, and reliable trading options. Both individual traders and institutions can buy, sell or store crypto assets such as Bitcoin, Ethereum XRP, Litecoin, Bitcoin Cash on this exchange. It has clearly made its position in the world’s top 10 crypto exchanges by offering a quick and easy-to-monitor crypto portfolio on a website or app.
FTX US
FTX US is a popular crypto exchange that is available in the United States. It is a compatible option for users who want to trade with leverage. The platform stands out from its competition by offering a wide selection of trading options such as market indices, move contracts, and leveraged tokens. The supported leveraged tokens can be traded on both options and futures markets. FTX US is recognized for developing the world’s first crypto index futures that enables its end users to capitalize on both the rising and fall of a particular index in the form of a futures contract. Note that these index futures can be traded directly from within the FTX US exchange.
Kraken
Kraken is a popular crypto exchange that was established in 2011 based in US. This platform is one of the most popular crypto exchanges because of its traffic, deep liquidity, trading volumes of spot markets. It is a regulated and licensed crypto exchange adhering to all FinCEN regulations. The platform is not accessible by users in Washington state (WA) and New York (NY). Kraken supports 54 crypto assets including Bitcoin, Ethereum, Tether USD, XRP, and Litecoin. Moreover, users can also opt for popular Defi tokens like Compound (COMP), Kava (KAVA), and Kyber Network (KNC) and avail themselves of rewards and interests. Kraken comprises an automated portfolio monitoring system that enables users to monitor the market and manage their portfolios by using a single interface.
Gemini
Gemini is a New York-based and regulated crypto exchange, established by the Winklevoss twins. The company offers a legit crypto trading platform that is licensed and regulated by the New York State Department of Financial Services (NYSDFS). The exchange is best in terms of security and trading options. The platform allows institutional and individual users to buy, sell or trade and earn interest on their staked crypto assets. Some of its unique trading options are custody service, secure wallet, mobile trading app, and off-exchange crypto trades.
The reason why this exchange is placed on this list of popular crypto exchanges is that it maintains a high level of security that has built a solid reputation in the market. These security features include a multi-signature withdrawal process, cold wallet storage, encryption, two-factor authentication, brute force login protection, and whitelisting addresses.
Key Takeaways
To conclude it all, the mentioned popular crypto exchanges are reputed, reliable, and reputed platforms. Choosing one among these exchanges solely depends on your trading needs and preferences. Therefore, analyze the key features, trading fees structure, trading volume, and credibility of an exchange. Choose a platform that aligns with your trading goals and requirements.
