Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

10 best crypto exchanges and apps for December 2023

Find the best crypto exchange, trading platform or app available to US residents.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade 193 cryptos.
  • Instant funding & advanced trading options.
  • Join 9M+ users around the world.
Go to site

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 which crypto exchange is right for you, consider 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 its low fees.

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 December 2023

  • Coinbase – Best crypto exchange (overall)
  • Kraken – Best exchange for advanced trading
  • eToro – Best crypto platform for beginners
  • Bitstamp – Best value crypto exchange
  • Crypto.com – Best exchange for altcoins
  • Gemini — Best crypto app
  • SoFi Invest – Best portfolio tools
  • Binance.US – Best exchange for staking rewards
  • Uphold – Best platform for multi-asset trading
  • Paybis – Best for self-custody

1. Coinbase: Best crypto exchange (overall)

Coinbase Digital Currency Exchange

★★★★★
Finder score
268
Supported cryptos
23
Fiat currencies
49
States supported (incl. CA, 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, 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. Coinbase Digital Currency Exchange markets interface

Pros
  • 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
Cons
  • 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%
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
  • AL
  • AK
  • AZ
  • AR
  • CA
  • CO
  • CT
  • DE
  • FL
  • GA
  • ID
  • IL
  • IN
  • IA
  • KS
  • KY
  • LA
  • ME
  • MD
  • MA
  • MI
  • MN
  • MS
  • MO
  • MT
  • NE
  • NV
  • NH
  • NJ
  • NM
  • NY
  • NC
  • ND
  • OH
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • TX
  • UT
  • VT
  • VA
  • WA
  • WV
  • WI
  • WY

2. Kraken: Best exchange for advanced trading

Kraken Cryptocurrency Exchange

★★★★★
Finder score
194
Supported cryptos
6
Fiat currencies
48
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 was overhauled this year and 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. Kraken Cryptocurrency Exchange markets interface

Pros
  • Offers margin for trades and futures contracts
  • Highly-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
Cons
  • Not available to residents of New York and Washington state
  • No longer offers staking-as-a-service to US customers
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%
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WV, WI, WY
  • AL
  • AK
  • AZ
  • AR
  • CA
  • CO
  • CT
  • DE
  • FL
  • GA
  • HI
  • ID
  • IL
  • IN
  • IA
  • KS
  • KY
  • LA
  • ME
  • MD
  • MA
  • MI
  • MN
  • MS
  • MO
  • MT
  • NE
  • NV
  • NH
  • NJ
  • NM
  • NC
  • ND
  • OH
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • TX
  • UT
  • VT
  • VA
  • WV
  • WI
  • WY

3. eToro USA: Best crypto platform for beginners

eToro USA LLC Cryptocurrency Trading

★★★★★
Finder score
80
Supported cryptos
6
Fiat currencies
46
States supported (incl. CA, FL, TX)
Get $15 when you sign up and buy $100 of crypto. T&Cs apply.

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. eToro USA LLC Cryptocurrency Trading markets interface

Pros
  • 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
Cons
  • Fees and spreads can be higher than on other crypto exchanges
  • Limited range of cryptocurrencies available
  • Can't withdraw crypto from eToro's custody to an external wallet
Fees and deposit methods Bank transfer,Debit card,PayPal,Wire transfer
Deposit fees None. Minimum deposit amount is $10.
Withdrawal fees None
Trading fees 1% fee for buying or selling cryptoassets
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
  • AL
  • AK
  • AZ
  • AR
  • CA
  • CO
  • CT
  • DE
  • FL
  • GA
  • ID
  • IL
  • IN
  • IA
  • KS
  • KY
  • LA
  • ME
  • MD
  • MA
  • MI
  • MS
  • MO
  • MT
  • NE
  • NH
  • NJ
  • NM
  • NC
  • ND
  • OH
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • TX
  • UT
  • VT
  • VA
  • WA
  • WV
  • WI
  • WY

4. Bitstamp: Best value crypto exchange

Bitstamp Cryptocurrency Exchange

★★★★★
Finder score
79
Supported cryptos
3
Fiat currencies
38
States supported (incl. FL, 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.

Trading fees are relatively low, with maker and taker fees range from 0% to 0.3% and 0.03% 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. Bitstamp Cryptocurrency Exchange markets interface

Pros
  • 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
Cons
  • 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)
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% - 0.40%
AK, AZ, AR, CT, DE, FL, GA, ID, IL, IN, IA, KS, LA, ME, MD, MI, MN, MS, NE, NH, NJ, NM, NY, NC, ND, OH, OK, OR, RI, SC, SD, TN, TX, VT, VA, WA, WV, WI
  • AK
  • AZ
  • AR
  • CT
  • DE
  • FL
  • GA
  • ID
  • IL
  • IN
  • IA
  • KS
  • LA
  • ME
  • MD
  • MI
  • MN
  • MS
  • NE
  • NH
  • NJ
  • NM
  • NY
  • NC
  • ND
  • OH
  • OK
  • OR
  • RI
  • SC
  • SD
  • TN
  • TX
  • VT
  • VA
  • WA
  • WV
  • WI

5. Crypto.com: Best crypto exchange for altcoins

Crypto.com App

★★★★★
Finder score
318
Supported cryptos
31
Fiat currencies
49
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 300 cryptocurrencies.

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. Crypto.com App markets interface

Pros
  • 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
Cons
  • 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
Deposit fees None
Withdrawal fees Cryptocurrency: Fees vary
Trading fees Maker - 0-0.075%
Taker - 0.05-0.075%
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
  • AL
  • AK
  • AZ
  • AR
  • CA
  • CO
  • CT
  • DE
  • FL
  • GA
  • HI
  • ID
  • IL
  • IN
  • IA
  • KS
  • KY
  • LA
  • ME
  • MD
  • MA
  • MI
  • MN
  • MS
  • MO
  • MT
  • NE
  • NV
  • NH
  • NJ
  • NM
  • NC
  • ND
  • OH
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • TX
  • UT
  • VT
  • VA
  • WA
  • WV
  • WI
  • WY

6. Gemini: Best crypto app

Gemini Cryptocurrency Exchange

★★★★★
Finder score
141
Supported cryptos
7
Fiat currencies
50
States supported (incl. CA, FL, HI, NY, TX)

Gemini's app is intuitive, uncluttered and secure. Its straightforward interface makes it easy to buy, sell and store the more than 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) and, if you have a Gemini credit card, you can use the app to track the crypto rewards you earn when you use the card. Gemini Cryptocurrency Exchange markets interface

Pros
  • Good security record – no hacks in nine years and assets on the platform are insured
  • Offers reduced trading fees when you use the ActiveTrader feature
  • Available on both Android and iOS devices
  • Registered as a Money Services Business (MSB) with FinCEN and licensed in all states
Cons
  • Debit card deposit fees are 3.49%
  • 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 Taker fee - 0.03-0.4%
Maker fee - 0-0.2%
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
  • AL
  • AK
  • AZ
  • AR
  • CA
  • CO
  • CT
  • DE
  • FL
  • GA
  • HI
  • ID
  • IL
  • IN
  • IA
  • KS
  • KY
  • LA
  • ME
  • MD
  • MA
  • MI
  • MN
  • MS
  • MO
  • MT
  • NE
  • NV
  • NH
  • NJ
  • NM
  • NY
  • NC
  • ND
  • OH
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • TX
  • UT
  • VT
  • VA
  • WA
  • WV
  • WI
  • WY

7. SoFi Invest: Best portfolio tools

SoFi Invest Crypto

★★★★★
Finder score
22
Supported cryptos
1
Fiat currency
50
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. SoFi Invest Crypto markets interface

Pros
  • 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
Cons
  • Relatively small number of cryptos available for trading compared to major crypto exchanges
  • Can't transfer your crypto from SoFi's custody
  • NY residents can purchase certain cryptos
Fees and deposit methods Bank transfer (ACH),Cash,Debit card,Wire transfer,Rollover or personal check
Deposit fees N/A
Withdrawal fees N/A
Trading fees 1.25%
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
  • AL
  • AK
  • AZ
  • AR
  • CA
  • CO
  • CT
  • DE
  • FL
  • GA
  • HI
  • ID
  • IL
  • IN
  • IA
  • KS
  • KY
  • LA
  • ME
  • MD
  • MA
  • MI
  • MN
  • MS
  • MO
  • MT
  • NE
  • NV
  • NH
  • NJ
  • NM
  • NY
  • NC
  • ND
  • OH
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • TX
  • UT
  • VT
  • VA
  • WA
  • WV
  • WI
  • WY

8. Binance.US: Best exchange for staking rewards

Binance.US Cryptocurrency Exchange

★★★★★
Finder score
161
Supported cryptos
1
Fiat currency
46
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 offers a staking-as-a-service feature, which lets you loan digital assets such as BNB, SOL, and ADA to the platform so that it can stake them for you. This removes the need to send your crypto to a non-custodial wallet and then stake it yourself.

Keep in mind that 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. Binance.US Cryptocurrency Exchange markets interface

Pros
  • Earn staking rewards with with relative ease
  • No need to transfer 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
Cons
  • 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%
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, UT, VA, WA, WV, WI, WY
  • AL
  • AK
  • AZ
  • AR
  • CA
  • CO
  • CT
  • DE
  • FL
  • GA
  • ID
  • IL
  • IN
  • IA
  • KS
  • KY
  • LA
  • ME
  • MD
  • MA
  • MI
  • MN
  • MS
  • MO
  • MT
  • NE
  • NV
  • NH
  • NJ
  • NM
  • NC
  • ND
  • OH
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • UT
  • VA
  • WA
  • WV
  • WI
  • WY

9. Uphold: Best platform for multi-asset trading

Uphold - Digital Asset Platform

★★★★★
Finder score
241
Supported cryptos
27
Fiat currencies
42
States supported (incl. FL, HI, TX)
Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. T&Cs apply.

Uphold is unique in that it enables direct trading between cryptocurrencies, fiat 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 ether (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. Uphold - Digital Asset Platform markets interface

Pros
  • Trade across 200+ 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
Cons
  • Not available to residents of certain states
  • Notable spread fees
Fees and deposit methods Bank transfer,Credit card,Debit card,Bank transfer (SEPA),Apple Pay,Google Pay
Deposit fees Debit/Credit Card Transactions: 2.49%
Bank transfer: None
Credit card: 3.99%
Debit card: 2.49%
Google Pay: None
Withdrawal fees Debit/Credit Card Transactions: 2.49%
Cryptocurrency: Subject to network fees
Bank transfer: None
Google Pay: None
Trading fees Trading: $.99 for trades under $500
Spread: Up to 1.5%
AL, AK, AZ, AR, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, ME, MD, MI, MN, MS, MO, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WV, WY
  • AL
  • AK
  • AZ
  • AR
  • CO
  • CT
  • DE
  • FL
  • GA
  • HI
  • ID
  • IL
  • IN
  • IA
  • KS
  • KY
  • ME
  • MD
  • MI
  • MN
  • MS
  • MO
  • NV
  • NH
  • NJ
  • NM
  • NC
  • ND
  • OH
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • TX
  • UT
  • VT
  • WA
  • WV
  • WY

10. Paybis: Best platform for self-custody

Paybis Cryptocurrency Exchange

★★★★★
Finder score
347
Supported cryptos
42
Fiat currencies
48
States supported (incl. CA, FL, TX)

Paybis is a P2P crypto exchange on which you can trade upwards of 87 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%. Paybis Cryptocurrency Exchange markets interface

Pros
  • 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
Cons
  • 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
Deposit fees Fees vary
Withdrawal fees Fees vary
Trading fees Fees vary
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
  • AL
  • AK
  • AZ
  • AR
  • CA
  • CO
  • CT
  • DE
  • FL
  • GA
  • ID
  • IL
  • IN
  • IA
  • KS
  • KY
  • LA
  • ME
  • MD
  • MA
  • MI
  • MN
  • MS
  • MO
  • MT
  • NE
  • NV
  • NH
  • NJ
  • NM
  • NC
  • ND
  • OH
  • OK
  • OR
  • PA
  • RI
  • SC
  • SD
  • TN
  • TX
  • UT
  • VT
  • VA
  • WA
  • WV
  • WI
  • WY

Why you can trust Finder's crypto experts

free

We're free

Our comparison tables are completely free to use. We link you directly to the platform's secure sign-up page and we'll never ask you for personal details. Better still, we regularly have exclusive offers that you won't find anywhere else.
expert advice

We're experts

We've researched and rated dozens of exchanges as part of our Finder Crypto Trading Platform Awards. We've published hundreds of guides and our in-house experts are regularly called upon for commentary in Nasdaq and The Street.
independent

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.
help

We're here to help

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.
1 - 10 of 14
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer Link
Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT, ACH online banking
USD, EUR, CAD, GBP, CHF, AUD

194
cryptocurrencies

Capital at risk

View details
Finder Award
OFFER
eToro USA LLC Cryptocurrency Trading
Bank transfer, Debit card, PayPal, Wire transfer
USD

80
cryptocurrencies

Get $15 when you sign up and buy $100 of crypto. T&Cs apply.
Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

Capital at risk

View details
OFFER
Uphold - Digital Asset Platform
Bank transfer, Credit card, Debit card, Bank transfer (SEPA), Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

241
cryptocurrencies

Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. T&Cs apply.
Terms apply. Cryptoassets are highly volatile. Your capital is at risk.

Capital at risk

View details
Robinhood Crypto
Bank transfer, Cash, Debit card
USD

14
cryptocurrencies

Capital at risk

View details
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

347
cryptocurrencies

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.

Capital at risk

View details
Public Cryptocurrency Exchange
Public Cryptocurrency Exchange
Bank transfer, Debit card
USD

7
cryptocurrencies

Capital at risk

View details
Finder Award
Coinbase Digital Currency Exchange
Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

268
cryptocurrencies

Capital at risk

View details
Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card
USD, EUR, AUD, CAD, GBP, JPY

16
cryptocurrencies

Capital at risk

View details
CEX.IO Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, SEPA, Faster Payments (FPS), SWIFT
USD, EUR, GBP, RUB

30
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

View details
OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

141
cryptocurrencies

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
loading

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).

  1. Compare cryptocurrency exchanges to find one that offers the right service for you.
  2. Register for an account on the platform and provide any personal details and proof of ID required.
  3. Navigate your way to the "Buy" screen.
  4. Select BTC as the cryptocurrency you want to buy.
  5. Select your payment currency, which in this case is USD, and specify the amount you want to spend as $500.
  6. Select your payment method, such as a credit card payment or bank transfer.
  7. 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.
  8. Review the full details of your transaction, including the fees that will apply and the amount of BTC you are purchasing.
  9. If you're happy to proceed, click "Buy BTC".
  10. 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:

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.

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?

Securely store your crypto:

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 wallets

2023 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?
Read our full trading platform rating methodology

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.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer Link
eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill
EUR, GBP, NZD, USD, AUD, HKD, SGD, CHF, NOK & 5+ more

78
cryptocurrencies

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.

Capital at risk

View details
Binance Cryptocurrency Exchange (Not available to US users)
Bank transfer, Cryptocurrency
-

369
cryptocurrencies

Capital at risk

View details
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

743
cryptocurrencies

Capital at risk

View details
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP

279
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

View details
Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card

1607
cryptocurrencies

Capital at risk

View details
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

222
cryptocurrencies

Capital at risk

View details
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP

338
cryptocurrencies

Capital at risk

View details
Uphold
Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

237
cryptocurrencies

Capital at risk

View details
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

347
cryptocurrencies

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.

Capital at risk

View details
Finder Award
Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)
USD, EUR, GBP

79
cryptocurrencies

Capital at risk

View details
Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card
USD, EUR, AUD, CAD, GBP, JPY

16
cryptocurrencies

Capital at risk

View details
OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

141
cryptocurrencies

Capital at risk

View details
Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, COP, CHF, HKD, SGD, AUD, CAD, KRW, SEK, CNY, TRY, RON, JPY, NOK, MYR, BRL, DKK, ZAR, BGN, THB, INR, TWD, PHP, IDR, MOP, MDL, SAR, MXN, CLP

318
cryptocurrencies

Capital at risk

View details
loading

Are you visiting from outside the US?

Select an option to continue

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
Go to site

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
Go to site

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

Read more on this topic

  • Public.com crypto review

    Here’s what you need to know about buying and selling crypto on Public. Read our Public.com crypto review: pros, cons, fees and more.

  • Robinhood crypto review

    Read our Robinhood crypto review: pros, cons, fees and more. Find out how to buy, sell and transfer 15 cryptocurrencies on Robinhood Crypto.

  • How to buy cryptocurrency – a beginner’s guide

    Learn how to buy and store crypto with a few checklists to keep in mind.

  • Fidelity Crypto review 2023

    Learn about the first crypto exchange supported by a major traditional financial institution.

  • 6 best P2P crypto exchanges

    Learn what you need to know to start trading crypto P2P.

  • Binance.US review 2023

    Learn more about Binance.US, the American arm of the world’s largest cryptocurrency exchange.

  • Bitstamp review 2023

    Bitstamp is an EU-based and globally regulated bitcoin marketplace offering safety and due diligence for cryptocurrency traders.

  • review 2023

    Bittrex is a secure cryptocurrency exchange that provides access to the world’s most liquid digital assets.

  • Bitfinex review 2023

    Learn about BitFinex cryptocurrency exchange where you can buy and sell 100+ coins and tokens. Discover features, fees and more in Finder’s BitFinex review.

  • Coinbase review 2023

    Check out our complete review of Coinbase to see if it’s safe, weigh up pros and cons, compare fees and learn what you can do on it beyond simply buying cryptocurrency.

Go to site