
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
When deciding on the best crypto trading platform for your needs, think about what you plan on using it for.
It’s quite common to use multiple exchanges to benefit from their different areas of specialty, such as using one for its range of coins and another for staking options. You may also want to consider whether you’re new to crypto markets or you’re a seasoned trader when selecting the platform that’s right for you.
Finder’s best crypto exchanges USA of June 2023
- Coinbase – Best crypto exchange (overall)
- Bitstamp – Best value crypto exchange
- eToro – Best crypto platform for beginners
- Crypto.com – Best exchange for altcoins
- Kraken – Best exchange for advanced trading
- Gemini — Best crypto app
- SoFi Invest – Best portfolio tools
- Binance.US – Best exchange for staking rewards
- KuCoin – Best exchange for emerging altcoins
- Uphold – Best platform for multi-asset trading
- Paybis – Best for self-custody
1. Coinbase: Best crypto exchange (overall)
Coinbase Digital Currency Exchange
Finder rating
Supported cryptos
Fiat currencies
States supported (incl. FL, NY, TX)
Coinbase won the 2023 Finder Award for Best Crypto Exchange Overall because it offers a world-class service for all levels of crypto traders and investors.
If you are new to crypto, you can use the exchange to make instant purchases in just a few clicks. Seasoned crypto investors can use the platform's advanced trading option for lower trading fees, charting tools and a view of the exchange's order book.
Beyond trading, there are features such as lending, staking, Web3 access, a crypto wallet and an NFT marketplace, making the service well-rounded for most crypto needs.
Coinbase also encourages users to learn more about crypto assets and blockchain networks. In its Learning rewards section, you can watch videos that explain how digital asset networks work and then earn small amounts of the crypto assets you learn about upon correctly responding to questions about them.
Coinbase also automatically rewards you with yield on any USDC held in your account. So, if you decide to park your money in stablecoins for a while, you can still increase your digital asset holdings while doing so on Coinbase.
- Instantly purchase cryptocurrency with a debit card or bank transfer
- Feature-rich mobile app with many of the same features as the desktop exchange
- The Advanced Trading mode offers lower fees
- Automatically earn yield on any USDC held in your account
- Earn small amounts of free crypto with the Learning rewards program
- Registered as a Money Services Business (MSB) with FinCEN and licensed in most states
- No staking and lending programs
- Customer service team isn't very responsive
Fees and deposit methods | Bank transfer (ACH),Debit card,PayPal,Wire transfer,Apple Pay,Google Pay |
---|---|
Deposit fees | Wire transfer: $10 |
Withdrawal fees | Wire transfer: $25 |
Trading fees | Maker: 0.00 - 0.4% Taker: 0.05 - 0.6% |
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2. Bitstamp: Best value crypto exchange
Bitstamp Cryptocurrency Exchange
Finder rating
Supported cryptos
Fiat currencies
States supported (incl. CA, FL, HI, NY, TX)
Bitstamp won the 2023 Finder Award for Best Value Exchange because with 24/7 customer support, it provides great value for entry-level traders.
If you trade under $1,000 per month, you won't be charged any maker or taker fees for trading in the spot market. Fees do increase after this limit, though. Maker and taker fees range from 0% to 0.3% and 0% to 0.4% respectively, depending on how much you trade.
The exchange offers advanced charting tools, precise order execution, deep liquidity on over 75 crypto assets and top-quality APIs, which advanced traders can use to integrate their algorithmic trading strategy.
Bitstamp covers this service with 24/7 customer support that includes a phone line. This is incredibly rare for cryptocurrency exchanges, adding to its value for money service.
The exchange also has a commendable track record of serving its customers. It's only been hacked once in its more than 10 years of operation. All of the users that lost funds were reimbursed in full.
- 0% fees for low-volume traders
- Live, over-the-phone customer support
- Free bank transfers and low wire transfer fees
- One of the longest-running exchanges with over a decade of experience
- Registered as a Money Services Business (MSB) with FinCEN and licensed in all states
- Fees increase for monthly trading volume over $1,000
- $5 million in Bitcoin hacked in 2015
- 4% instant purchase fee is higher than some competitors
Fees and deposit methods | Bank transfer,Credit card,Cryptocurrency,Debit card,SEPA,Faster Payments (FPS) |
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Deposit fees | Cryptocurrency: None; blockchain network fees apply Bank transfer (ACH): None; bank fees may apply Debit card transfer: 5% Credit card transfer: 5% Wire transfer: 0.05% |
Withdrawal fees | Cryptocurrency: None; blockchain network fees apply Bank transfer (ACH): None; bank fees may apply Wire transfer: 0.01% |
Trading fees | 0.0% - 0.50% |
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3. eToro USA: Best crypto platform for beginners
eToro USA LLC Cryptocurrency Trading
Finder rating
Supported cryptos
Fiat currencies
States supported (incl. CA, FL, TX)
eToro won the 2023 Finder Award for Best Platform for Beginners because its crypto trading services are tailored toward those new to the crypto market. It received positive customer reviews, as well.
The platform offers instant purchases, notable educational resources and unique trading features designed to help beginners learn to trade crypto better and benefit from the skills of more experienced traders.
If you're looking to make your first crypto purchases without having to navigate a complex trading interface, eToro makes it easy to buy digital assets in just a few clicks, which is why it also won the 2023 Finder Award for Best Instant Purchases.
The platform's beginner-level trading resource page provides short tutorials that have titles such as What is Bitcoin? and The Fed Made Simple to help prepare you to trade and invest.
eToro is known for its CopyTrader feature that lets users connect with and copy the trades of more experienced traders. This allows those new to financial markets to preview how more experienced traders operate plus automatically make the same trades as they do.
- Has a social media feed that helps beginners connect and learn from the community
- CopyTrader function allows new traders to copy the trades of more experienced ones
- Provides educational resources geared toward newer traders
- Trade crypto, stocks and ETFs on the same platform
- Simple process to open an account
- Registered as a Money Services Business (MSB) with FinCEN and licensed in most states
- Fees and spreads can be higher than on other crypto exchanges
- Limited range of cryptocurrencies available
Fees and deposit methods | Bank transfer,Debit card,PayPal,Wire transfer |
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Deposit fees | None. Minimum deposit amount is $10. |
Withdrawal fees | None |
Trading fees | 1% fee for buying or selling cryptoassets |
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4. Crypto.com: Best crypto exchange for altcoins
Crypto.com App
Finder rating
Supported cryptos
Fiat currencies
States supported (incl. CA, FL, HI, TX)
Crypto.com won the 2023 Finder Award for Best Exchange for Altcoin Trading because the platform allows you to buy and sell over 250 cryptocurrencies with high liquidity.
The mobile app provides a simple pathway to buying and selling while the desktop exchange offers reduced fees and advanced order types for traders.
Crypto.com's site features up-to-the-moment digital asset price information from CoinMarketCap, a market data website that reports price information for over 20,000 crypto assets.
Using this information, you can set up price alerts to help time your trades and take advantage of market changes as they happen.
Crypto.com also supports earning for a wide range of altcoins.
- One of the biggest selections of crypto coins and tokens in the US
- Trading fees are cheaper on the desktop exchange
- Earn yield on a range of altcoins
- Minor fees for depositing some cryptos
- Registered as a Money Services Business (MSB) with FinCEN and licensed in most states
- Not currently available in New York
- Fees on the app may be higher than on the desktop exchange
- Fees on the app are higher than some competitors
Fees and deposit methods | Bank transfer,Credit card,Cryptocurrency,Debit card,PayPal,Wire transfer,Apple Pay,Google Pay,SWIFT |
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Deposit fees | None |
Withdrawal fees | Cryptocurrency: Fees vary |
Trading fees | Maker - 0-0.075% Taker - 0.05-0.075% |
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5. Kraken: Best exchange for advanced trading
Kraken Cryptocurrency Exchange
Finder rating
Supported cryptos
Fiat currencies
States supported (incl. CA, FL, HI, TX)
Kraken won the 2023 Finder Award for Best Advanced Trading because of the array of trading services it offers through Kraken Pro, its advanced crypto trading platform.
Kraken Pro offers crypto trading vets access to margin for leveraged trading, a highly customizable trading interface and low maker and taker fees that range from 0% to 0.26%.
Kraken is one of the few crypto exchanges in the US that offers margin as well as futures contracts to traders. Please keep in mind, though, that these financial instruments are risky to trade, and they aren't designed for less-experienced traders.
Kraken Pro's customizable interface allows you to resize and reorganize the windows on the platform's trading interface so you can optimize the presentation of the data you'll use to trade.
- Offers margin for trades and futures contracts
- Customizable trading interface
- Advanced order types and charting tools
- Low spot market fees
- Registered as a Money Services Business (MSB) with FinCEN and licensed in most states
- Not available to residents of New York and Washington state
- No longer offers staking
Fees and deposit methods | Bank transfer,Credit card,Cryptocurrency,Debit card,Apple Pay,Google Pay,SWIFT,ACH online banking |
---|---|
Deposit fees | ACH deposit - Fees vary ($10 minimum deposit) Credit and debit card - Fees vary ($10 minimum deposit) Apple Pay or Google Pay - Fees vary ($10 minimum deposit) Crypto - Free |
Withdrawal fees | FedWire withdrawal - $4-$35 Crypto - Fees vary depending on coin or token |
Trading fees | Maker: 0-0.16% Taker: 0.1-0.26% |
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6. Gemini: Best crypto app
Gemini Cryptocurrency Exchange
Finder rating
Supported cryptos
Fiat currencies
States supported (incl. CA, FL, HI, NY, TX)
Gemini's app is intuitive, uncluttered and secure. Its straightforward interface makes it easy to purchase any of the approximately 100 crypto assets it supports.
The app allows you to track your overall crypto portfolio as well as view and maintain a watchlist of cryptos you're interested in purchasing. And when you're ready to purchase new crypto assets, you can use the app to make a one-time purchase or set up recurring buys.
It also enables you to protect your account using two-factor authentication (2FA).
- Good security record – no hacks in eight years and assets on the platform are insured
- Offers reduced trading fees when you use the ActiveTrader feature
- Available on both Android and iOS platforms
- Registered as a Money Services Business (MSB) with FinCEN and licensed in all states
- Debit card deposit fees are 3.5%
- Some competitors support significantly more crypto assets
Fees and deposit methods | Bank transfer (ACH),Cryptocurrency,Debit card,PayPal,Apple Pay,Google Pay,SWIFT |
---|---|
Deposit fees | Cryptocurrency: None Bank transfer (ACH): None, bank fees may apply Wire Transfer: Determined by your bank Debit Card: 3.49% + Trading Fees Paypal: 2.50% of total deposit amount + Trading Fees |
Withdrawal fees | Cryptocurrency: None (for 10 withdrawals and below per month) Others: None (for 10 withdrawals and below per month) |
Trading fees | ActiveTrader: Taker fee - 0.03-0.4% Maker fee - 0-0.2% |
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7. SoFi Invest: Best portfolio tools
SoFi Invest Crypto
Finder rating
Supported cryptos
Fiat currency
States supported (incl. CA, FL, HI, NY, TX)
SoFi provides the tools and interface to manage and track all of your investment accounts in one place.
Using SoFi, you can get an overview of your crypto portfolio, retirement account and even your education savings account.
If you need some assistance managing your portfolio, SoFi offers a free robo-advisory service to help you invest according to your risk tolerance.
The platform provides visualized data on how your net worth has grown over time and on the progress you're making toward your retirement goals.
It also offers information focused on how to manage and grow your crypto portfolio.
- Track multiple investment accounts in one place
- Provides a free robo-advisor service for automated trading
- Offers plenty of educational resources on how to manage a crypto portfolio
- Registered as a Money Services Business (MSB) with FinCEN and licensed in all states
- Relatively small number of cryptos available for trading compared to major crypto exchanges
- Can't transfer your crypto from SoFi to another account
Fees and deposit methods | Bank transfer (ACH),Cash,Debit card,Wire transfer,Rollover or personal check |
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Deposit fees | N/A |
Withdrawal fees | N/A |
Trading fees | 1.25% |
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8. Binance.US: Best exchange for staking rewards
Binance.US Cryptocurrency Exchange
Finder rating
Supported cryptos
Fiat currency
States supported (incl. CA, FL)
Binance.US makes earning yield on crypto assets straightforward, which is why it's our pick for the best exchange for staking rewards.
Binance.US lets you stake digital assets such as Binance Coin (BNB), Avalanche (AVAX) and Solana (SOL) without needing to send your crypto to a wallet outside of the platform.
However, please note that you aren't directly staking your assets on-chain when you use Binance.US's staking service. Instead, you are lending the assets to Binance.US, which then stakes them on-chain for you.
Using Binance.US's staking service, you maintain plenty of control over your assets — deposit terms are flexible so you can withdraw at any time.
- Stake your crypto assets with relative ease
- No need to deal with the hassle of transferring assets off of Binance.US
- Easy-to-follow staking instructions on the Binance.US website
- Registered as a Money Services Business (MSB) with FinCEN and licensed in most states
- Not available in all 50 US states
- You leave the private keys to your digital assets in Binance's custody, which creates counterparty risk compared to staking directly on-chain
Fees and deposit methods | Bank transfer (ACH),Cryptocurrency,Debit card,Wire transfer,Apple Pay |
---|---|
Deposit fees | Bank transfer: None Wire transfer: None Debit card: 3.75% Apple Pay: 3.75% Cryptocurrency: None |
Withdrawal fees | Bank transfer: None (minimum $1 withdrawal) Wire transfer: $10-15 (minimum $100 withdrawal) Cryptocurrency: Fees vary |
Trading fees | Maker: 0-0.30% Taker: 0-0.45% |
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9. KuCoin: Best exchange for emerging altcoins
KuCoin Cryptocurrency Exchange
Finder rating
Supported cryptos
Fiat currencies
KuCoin lists an impressive array of up-and-coming altcoins compared to other centralized crypto exchanges, which is why it's our winner for this category.
Usually, to buy trending altcoins, you must purchase them through a decentralized exchange (DEX) like Uniswap or PancakeSwap, which requires learning how to use a Web3 wallet and a blockchain.
With KuCoin, all you have to do is create your account and you'll have access to over 700 digital assets.
Many of these assets are brand new, untested and much riskier than coins like BTC and ETH, so tread carefully.
- Provides access to 700+ crypto assets
- No Know Your Customer (KYC) process required to trade crypto-to-crypto
- Offers altcoin staking
- Relatively low trading fees
- Not registered with FinCEN as a virtual currency exchange service
- Numerous poor customer service reviews
- Emerging assets can be higher-risk investments
Fees and deposit methods | Bank transfer,Credit card,Cryptocurrency,Debit card,PayPal,P2P,Zelle |
---|---|
Deposit fees | None |
Withdrawal fees | Cryptocurrency: Fees vary |
Trading fees | Maker: 0.1% Taker: 0.1% |
Advanced Trading Features | Yes |
10. Uphold: Best platform for multi-asset trading
Uphold - Digital Asset Platform
Finder rating
Supported cryptos
Fiat currencies
States supported (incl. FL, HI, TX)
Uphold is unique in that it enables direct trading between cryptocurrencies, national currencies and precious metals.
This means you can trade directly between any two of these assets without having to first go back into a common asset like US dollars.
For example, you can trade some of your Ethereum (ETH) for Japanese yen or gold-backed tokens.
Keep in mind, though, that you may be taxed as if you did sell back into US dollars depending on the jurisdiction in which you live, the currency that you sold and the amount of profit you made selling the said currency.
- Trade across 250+ crypto and traditional currencies
- Available in 184+ countries
- Provides access to assets beyond crypto and forex
- Registered as a Money Services Business (MSB) with FinCEN and licensed in most states
- Not available in all 50 states
- Notable spread fees
Fees and deposit methods | Bank transfer,Credit card,Debit card,Bank transfer (SEPA),Apple Pay,Google Pay |
---|---|
Deposit fees | Bank transfer: None Credit card: 3.99% Debit card: 2.49% Google Pay: None |
Withdrawal fees | Cryptocurrency: subject to network fees Bank transfer: None Google Pay: None |
Trading fees | $1 flat fee on trades Spreads also apply |
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11. Paybis: Best platform for self-custody
Paybis Cryptocurrency Exchange
Finder rating
Supported cryptos
Fiat currencies
States supported (incl. CA, FL, TX)
Paybis is a P2P crypto exchange on which you can trade upwards of 30 different crypto assets.
To receive the crypto you purchase on Paybis, you have to connect your account to a non-custodial crypto wallet, because Paybis doesn't custody the crypto assets that you purchase via the platform for you.
This makes Paybis a great option for those who don't mind accepting the responsibility of managing the crypto they purchase.
However, please note that if you are a frequent trader, Paybis might not be the best platform for you. The combination of commission and processing fees that it charges can total between 4.5% and 6.99%.
- Enables direct exchanges with buyers and sellers in over 180 countries
- Allows you to self-custody your digital assets upon purchasing them
- Supports a range of payment methods
- Easy registration process
- Registered as a Money Services Business (MSB) with FinCEN and licensed in most states
- Must first learn how to set up and use a non-custodial wallet
- High commission and processing fees
Fees and deposit methods | Bank transfer,Credit card,Debit card,Neteller |
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Deposit fees | Fees vary |
Withdrawal fees | Fees vary |
Trading fees | Fees vary |
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We're experts
We've researched and rated dozens of exchanges as part of our
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We're independent
Unlike other crypto media, we're not owned by an exchange or investment firm. Our opinions are our own and we put our readers first to help you find the crypto trading product that's right for you.

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We're a team of crypto nerds with extensive experience in investing, trading and decentralized finance but we also remember how it feels to be a beginner. We give you first-hand reviews of what it's like to use these products – without jargon.
How to choose the best crypto exchange in the US
It's important to research a wide range of crypto platforms and compare the pros and cons of each option. The best crypto exchange for you depends on what you're looking for, so consider the following:
Using FinCEN-registered exchanges to buy cryptocurrency
There are plenty of places to buy crypto, including platforms founded here in the US or based in locations all around the world. Exchanges headquartered locally are required to register with FinCEN and comply with requirements that don't apply to global platforms. Depending on your goals, this may have some benefits or drawbacks.
Pros
- US-based exchanges must comply with FinCEN's Anti-money Laundering (AML) and Counter-terrorism Financing (CTF) reporting obligations.
- You can usually buy crypto with USD.
- Exchanges in the US typically support local payment methods.
- You may be able to access local customer support.
- Subject to local laws.
Cons
- You'll need to provide your personal details and proof of ID – a disadvantage if you want to trade anonymously.
- Overseas trading platforms may provide better liquidity.
- Some features are simply not available on FinCEN-registered exchanges. For example, margin trading, DeFi features and some altcoins.
Compare more crypto trading platforms and apps in the US
Use the table to compare crypto exchanges and platforms on fees, range of cryptos, deposit methods and more. Once you've found the right fit, select Go to site to get started.How to use a cryptocurrency exchange
For the sake of our example, let's assume that you have $500 that you want to use to buy Bitcoin (BTC).
- Compare cryptocurrency exchanges to find one that offers the right service for you.
- Register for an account on the platform and provide any personal details and proof of ID required.
- Navigate your way to the "Buy" screen.
- Select BTC as the cryptocurrency you want to buy.
- Select your payment currency, which in this case is USD, and specify the amount you want to spend as $500.
- Select your payment method, such as a credit card payment or bank transfer.
- Enter your payment details, such as your account number if sending a bank transfer or your card number and CVV if paying by credit card.
- Review the full details of your transaction, including the fees that will apply and the amount of BTC you are purchasing.
- If you're happy to proceed, click "Buy BTC".
- Once the transaction has been processed, the BTC will be deposited into your exchange wallet. However, please note that some brokers will automatically send your purchased BTC to an external wallet address that you nominate.
How to pay for your cryptocurrency in the US
Crypto exchanges in the US support a range of deposit methods, including the following:
- Credit and debit cards
- Bank and wire transfers
- PayPal and other payment apps like Venmo and CashApp
- Cryptocurrency transfers
- Peer-to-peer (P2P) payments
- Neteller, Skrill and other online payment services
- Apple Pay and Google Pay
Accepted payment methods vary between exchanges. Prior to signing up, it's worth checking that your preferred payment method is supported.
The different types of cryptocurrency exchanges
The term "exchange" may refer to a variety of cryptocurrency brokers, trading platforms and other services. Different types of exchange are often more geared toward beginners or experienced users.
- Cryptocurrency brokers (suited to beginners). Buy directly from cryptocurrency dealers for simple and quick purchases. Many beginners use brokers for their first purchase. A broker will facilitate an instant purchase of the digital asset of your choosing and will not offer spot trading.
- Cryptocurrency trading platforms (suited to beginner/intermediate users). Buy and sell cryptocurrency on an open market for competitive fees, a wide selection of cryptocurrencies and optional features like margin trading. Many exchanges now offer brokerage services to be more beginner-friendly.
- Cryptocurrency derivatives platforms (suited to advanced users). These trading platforms don't sell cryptocurrency outright. Instead, they let certain users trade cryptocurrency derivatives in regions where this restricted-access feature is available. They're for advanced traders who want high speed, high leverage and deeply liquid platforms with a full range of features.
It's difficult to find one exchange with all the coins and features you want. I spread my trading around several exchanges to make sure I'm getting exactly what I need, while also diversifying my risk should the exchange get hacked or shut down. To further reduce risk I use one registered locally so it's subject to local laws and regulations.
James Edwards
Finder's Global Crypto Editor
Risks of using a crypto exchange
- Cybersecurity breaches. Hacks and scams are, unfortunately, commonplace in the crypto space. Exchange-related security breaches and targeted phishing scams remain a major concern for exchanges and their customers.
- Not your keys. "Not your keys, not your crypto" is a common industry saying and refers to holding your digital assets in a wallet that another person or company controls, such as on an exchange. By storing cryptos on an exchange rather than in a non-custodial wallet, you're relinquishing full ownership of those assets and putting trust in a third party – which some may see as contradictory to the decentralized philosophy of crypto.
- Lack of consumer protection. While crypto exchanges are increasingly regulated in the US and may be registered with FinCEN, they are still lacking a lot of consumer protections such as mandatory insurance or strict rules about how user assets are managed.
- Proof of reserves. Since the widely publicized collapse of FTX, many traders and investors have demanded centralized exchanges provide proof of reserves and user deposits. This may be done by a third-party auditor or through the use of on-chain data. Proof of reserves is still an evolving concept, and it's not clear yet what the best practices are or how reliable it will prove to be.
- Transaction limits. Most crypto trading platforms have daily deposit and withdrawal limits. This means that even though you may have, for example, 10,000 USD available, you may not be able to access and withdraw the total balance. Transaction limits depend on the exchange and FinCEN stipulations and typically increase as you provide additional KYC information.
- Frozen accounts. Crypto exchanges freezing deposits and withdrawals can happen without warning. If your account is frozen, you will not be allowed to remove your funds until the exchange approves or denies your request. Precautionary measures such as only holding a trading balance on an exchange are recommended.
- Asset delistings. Centralized exchanges can opt to delist a cryptocurrency at any time. This can happen for numerous reasons, including poor asset performance, security concerns or anti-money laundering (AML) breaches. If delisting is taking place, you will be notified by the exchange and forced to sell your assets or remove them from the platform.
Is it safe to store your cryptocurrency on an exchange?
Cryptocurrency is held in digital wallets. Some exchanges will give you your own wallet that lets you hold cryptocurrency in your exchange account and then transfer it anywhere as desired.
However, once you have purchased what you consider to be a sizable amount of digital assets, you may want to consider transferring the private keys to those assets to a self-custodial wallet.
This is because the exchange controls the private key to your wallet, which means you don't have total control of your funds. And with exchanges sometimes falling victim to hackers, there is some degree of risk involved with leaving the private keys to your crypto in the hands of a centralized exchange.
Learn more about cryptocurrency wallets2023 crypto exchange industry predictions report
We polled 56 specialists in the fintech industry to get their opinion on what the future looks like for centralized crypto exchanges and what the demise of FTX means for the crypto industry.
The vast majority of our panelists (83.93%) don't think the collapse of FTX was the beginning of the end for crypto, while 8.93% think it was and 7.14% are unsure.
However, because of the FTX collapse, more than half of our panelists (58.49%) believe that crypto exchanges should be regulated just as much as other financial trading platforms.
22.64% believe that crypto exchanges should be regulated, but less so than other financial trading platforms. 15.09% don't believe that crypto exchanges should be regulated to the same degree.
Over one-third of our panelists (35.19%) believe all crypto exchanges will be regulated as traditional financial institutions by 2030. A further 22.22% believe this will happen by 2025 and another 14.81% think it will happen by 2024.
In the future, the majority of our panelists (86.79%) feel that crypto exchanges should be required to disclose both their proof of reserves (PoR) and records of their liabilities.
42.31% think that more crypto exchanges will face bankruptcy as a result of a reduction in their customer base. 15.38% believe this will play out over the next 5 years while a quarter (26.92%) think it'll happen within the year.
Bottom line
Not all crypto exchanges are created equal and not all crypto buyers and sellers have the same trading needs. The best exchange or platform for one person might not necessarily be the right choice for someone else, so it's essential to do your own research.
Read our reviews of some of the most popular cryptocurrency exchanges in the US and around the world before you decide which to use. Compare the features, fees and pros and cons of each platform and consider whether they align with your investment goals and budget.
FAQs
Methodology
To evaluate our 2023 picks for the best crypto exchanges in the US, we compared trading platforms on a range of criteria, including the following:
- Supported assets. Does the platform offer a good breadth of coins, tokens and NFTs?
- Payment methods. What account funding options are available? Does the exchange accept bank transfers, credit and debit cards or crypto-only transfers?
- Fees. What trading fees, withdrawal fees and other miscellaneous charges are levied by the exchange, and are these rates comparable with competitor exchanges?
- User experience. Is the platform simple to use for both beginners and advanced crypto traders?
- Platform features. What tools, charts and functionalities are available on the exchange? Is there support for advanced trading features such as derivatives or hedging?
- Security. What measures are taken by the exchange to protect its customers' assets and prevent theft or loss? Are additional security features in place, including 2-factor authentication (2FA), cold storage of assets, regular audits and insurance coverage?
- Regulator registration. Is the platform registered with the Financial Crimes Enforcement Network?
- Customer support. How do existing users rate the exchange's customer support? Does the exchange offer various methods of contact, such as email, instant chat, phone or social media?
Finder's crypto exchange reviews
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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