10 Best Crypto Brokers USA – Trade Bitcoin in The US in 2022

The last few years have seen massive growth in crypto trading, and if you’re one of the many trying to get into this exciting new market, you may be wondering where to start.

Many brokers now offer crypto trading, but the most important thing is to make sure that you choose a reliable and reputable broker. After all, with this market still being relatively new, it’s not unheard of for people to come across dodgy brokers or scams.

So how can you be sure that your money is safe when you decide to start trading? Here, we’ll look at some of the best crypto brokers in the USA and advise how to find a reliable broker.

eToro – Best Broker for International Markets

eToro has been around since 2007, and they focus on cryptocurrency trading. They’ve got their exchange called eToroX, available in 40 countries throughout Europe and Asia, including some parts of the Middle East. 

They also have a mobile app that lets you buy and sell cryptocurrencies and trade futures on your phone or tablet. And they offer an educational platform where you can learn about trading and how to invest using cryptocurrencies. 

Robinhood – Best Broker with Highest Cyber Security Rating

When you’re just getting started, you need a simple platform to use, and it has all the functionality you need. And that’s where Robinhood comes in.

Whether you’re new to trading or an experienced trader, Robinhood is easy to understand with features like real-time quotes, charts, and portfolio management—all designed to understand your financial situation. 

You can even check your credit score and find out about any mistakes on your report as part of the service.

Kraken – Best Broker with Sophisticated Trading Features

Kraken offers crypto trading with a focus on institutional investors and high-net-worth individuals. 

Its strong reputation has made Kraken one of our top picks for those looking for reliable brokers who will give them access to liquid markets and competitive pricing. 

If you’re looking for customer support, Kraken offers 24/7 live chat support and an active community forum where crypto investors can share their experiences and ask questions about trading strategy or technical issues related to using their platform.

Coinbase – Best Broker for Beginners

Coinbase has made it to our list of cryptocurrency brokers USA because it offers a free account option with limited features. It is one of the most reliable and reputable cryptocurrency exchange platforms and has been around for about a decade.

Its intuitive crypto trading platform makes it one of the best crypto exchanges for beginners who want to start trading cryptos like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. 

The site also offers tools for more advanced traders, like real-time price charts and other market data. Plus, with an account at Coinbase, you can buy gift cards with BTC or ETH!

Binance.US – Best Broker for Trading Enthusiasts

Binance.US makes it to the best Bitcoin brokers list because of a few reasons. First, they are a bit more permissive than other brokers regarding legal requirements for trading Bitcoin in the United States. 

Second, they do not require any identification for your account, which is excellent if you are very protective of your privacy.

Binance also offers its users access to a wide array of currencies, including traditional fiat currencies such as USD, EUR, and GBP, and crypto assets like BTC, LTC, or ETH, among others.

Finally, their trading fees are relatively low – 0.1% per trade, and no deposit or withdrawal fees!

Coinmama – Known for Its Low Trading Fees

If you’re just getting your feet wet with cryptocurrency exchanges, Coinmama might be the perfect crypto exchange. Its easy-to-use interface makes it ideal for beginners who don’t have any experience buying or selling coins online. Plus, they offer low trading fees and high-security standards.

Coinmama also offers a wide variety of payment methods to get a fair price when trading Bitcoin in the US. They will match your order with sellers worldwide to ensure that you’re getting a good deal! 

This is not an anonymous broker; however: they do require KYC verification before you can use their services.

Capital.com – Best Broker with a Wide Selection of Products

If you’re looking for a broker that lets you trade Bitcoin and other cryptocurrencies in the US, Capital.com is the place to go. They have a wide range of products and services to help you make the most out of your cryptocurrency investments.

Capital.com helps investors invest in cryptocurrency by providing them with the most trusted, secure platform for investing in cryptocurrency.

Capital.com has worked with some of the best security companies to ensure that your investment is safe and secure while also offering convenient mobile trading options.

Pepperstone – Famous for Excellent Customer Support

Pepperstone is another massive cryptocurrency broker that offers investors a high level of service and support when investing in cryptocurrencies. Pepperstone’s unique value proposition is its focus on cryptocurrency education and training.

They don’t just sell you a ticket to the game—they give you an entire playbook of plays, strategies, tips, and tricks for making faster and more profitable trades in crypto.

This is a highly-regulated broker offering competitive fees, a choice of trading platforms, and unique research tools. 

It allows users to trade several crypto pairs and provides access to stocks, forex, and indices trading. Pepperstone also makes it to the list of MT5 crypto brokers in the USA, making it such a diverse platform. 

Crypto.com – Best Crypto Broker with Unique Perks

Crypto.com is one of the best online brokers in the USA because they offer high leverage and low fees and access to a broad range of cryptocurrencies and other assets. 

They also have excellent customer service, including a 24/7 live chat, although their website is not as user-friendly as many others.

It offers a crypto wallet that doubles as a mobile app and allows you to buy, sell, store and earn interest on the top cryptos.

FTX – Best for Those Looking for Advanced Trading Options

FTX is a new cryptocurrency broker that has taken the crypto world by storm with its highly competitive and innovative features. 

Their platform is more geared toward active traders and offers users some of the best opportunities to get into futures trading. However, they also offer options for beginner traders as well.

The platform also supports margin trading with up to 100x leverage on selected markets allowing users to maximize their profits when they win while minimizing losses when they lose trades.

What Is a Crypto Broker?

A crypto broker is a trading platform that helps you buy, sell, and trade cryptocurrency. Cryptocurrency brokers are regulated by financial bodies like the Cyprus Securities Exchange Commission (CySEC) and the US Commodity Futures Trading Commission (CFTC) to ensure your transactions are safe.

Crypto Brokers USA – How We Rank

When you’re looking for a broker, you have many options. We did the work for you and came up with a list of brokers that we think are worth your time and money. We looked at a few factors to determine the best cryptocurrency brokers in the USA:

#1 – The License

The appropriate regulatory bodies license each broker on our list. Regulations are essential because they ensure that your money is safe with your broker and reduce the likelihood of fraudulent activity. 

Licensed Bitcoin brokers have an obligation to protect that reputation and will rarely go astray.

#2 – Reputation

Since the crypto industry is new, getting caught in scams or fraudulent structures is easy. We looked at each broker’s standing in the industry to find out how their customers feel about them and what their peers think about their services.

#3 – Trading Commissions and Payment Fees

Most crypto brokers charge you when you open and close a position and deposit or withdraw funds from your account. We considered this when making our list so that you can choose a broker who will be honest and transparent with their trading costs.

#4 – Limitations on Deposits and Withdrawals

As a consumer, you want to know how much you can deposit, how much you can withdraw, and what limitations your broker might put on these activities. 

The more flexibility you have as a consumer, the better. So we rank brokers based on their limitations (or lack thereof) in these areas.

#5 – Payment Methods

We give credit to each broker where credit is due when it comes to payment methods. We look at the available payment methods—and whether or not they’re free—and give higher marks to brokers that make it easy for consumers to manage their money.

#6 – Trading Volumes

Trading volumes are measured in dollar amounts. For example, if a broker has a trading volume of $1 million, all trades made by that broker totaled 1 million dollars for a given period.

We rank brokers based on their trading volumes because those numbers tell us how active and successful the broker is.

#7 – Customer Support

We find a crypto broker’s customer support service beneficial for ranking them. A sound customer support system will allow a cryptocurrency broker to assist their crypto traders by making it easy for the client to understand. The brokers with higher ratings have excellent platforms and will always go out of their way to provide you with quick and helpful responses.

#8 – Leverage

We believe that leverage is one of the most important factors when choosing a broker. Brokers who are offering high leverage have shown that they have the trust of their customers. Be sure to check out our list of top crypto exchanges here.

Cryptocurrencies – Advantages and Disadvantages

Cryptocurrencies are an exciting new way of storing and transferring money, but they also come with some risks. Let’s take a look at the advantages and disadvantages of cryptocurrencies.

Advantages of Cryptocurrencies

Here are some of the advantages of cryptocurrencies;

Disadvantages of Cryptocurrencies

Cryptocurrencies present several advantages, but there are also some disadvantages to be aware of.

Fees Charged By Crypto Brokers

One of the things you need to know as a crypto trader is some of the fees charged by cryptocurrency brokers.

A crypto exchange or broker may charge the following fees:

Trading Fees

This fee reflects the cost of trading on the broker’s platform or crypto exchange. These fees are often based on the volume being traded, the number of trades being made, and the frequency of transactions. They may be charged as a flat fee or a percentage of the trade.

Deposit Fees

Deposit fees are often charged by exchanges to cover the costs of processing deposits into your account. Some cryptocurrency exchanges charge for each deposit made in cryptocurrency, while some do not charge for bank transfers or other deposits.

For example, if you transfer $1,000 from your other retail investor accounts into your crypto exchange account, it might cost an additional $1-$2 in fees to do so.

Withdrawal Fees

A fee may be involved when you withdraw money from your brokerage account back into your bank account (or elsewhere). This is often calculated as a percentage of the withdrawal amount, e.g., 1% of each withdrawal made from your account.

These fees can vary based on what type of asset is being transferred out, who owns it, and how much is being transferred out at any given time. The withdrawal limits can also affect what fees you pay and how much you have to withdraw at one time.

Margin Fees

Some brokers allow you to borrow funds to trade with more money than what you have available in your account (a practice known as margin trading). 

However, this comes at an added cost because they charge interest on the borrowed amount, depending on the broker and how much is borrowed.

Are Cryptocurrency Brokers Legal in The US?

Crypto brokers are legal in the United States, provided they operate within all of the necessary regulations. 

These regulations may differ based on which state you’re operating in and what sort of money you’re brokering, but it is always possible to operate legally while working as a crypto broker.

Apps for iOS and Android to Buy and Sell Crypto Assets 

Crypto Brokers in Other Countries

• Crypto Brokers Australia
• Crypto Brokers Nigeria
• Crypto Brokers Singapore
• Crypto Brokers Kuwait
• Crypto Brokers UAE

Crypto Brokers for US Citizens in 2022 – FAQ

🤑❓🇱🇷 Is trading with crypto brokers legal in the US?

Trading with crypto brokers is legal in the US. The only significant restrictions on crypto brokers in the US come from state laws, not federal laws. 

If you’re a US citizen, you can trade cryptocurrencies with any broker in the world as long as that broker follows federal law and doesn’t break any rules from your state.

🤑❓🇱🇷 Which broker is the best for cryptocurrency trading in the USA?

To find the best cryptocurrency broker in the USA for your needs, you should first decide how many different currencies you want to trade.

If you’re going to focus mainly on one or two currencies—for instance, Bitcoin and Ethereum—then a broker that offers only those two may be all you need. 

However, suppose you want to diversify your portfolio with several different currencies. In that case, you may want to look for a broker who offers the most significant number of cryptocurrencies for trading. 

These brokers tend to offer more than just Bitcoin and Ethereum—they usually include Litecoin and Ripple.

🤑❓🇱🇷 Can I invest in crypto in the USA?

You can invest in crypto while living in the USA, but there are a few important considerations to keep in mind.

First of all, there are different regulations depending on what state you live in. The rules for New York are different from the rules for California, for example. So it’s important to check your state’s regulations before investing.

Second, be aware that some cryptocurrencies (like Bitcoin) aren’t regulated at all by the government—that means no one is checking to make sure they’re following the rules. This can be good in some ways, but it can also mean that you won’t get any help if something goes wrong.

Finally, if you decide to invest in cryptocurrency, make sure you have a strategy and a plan for how much money you want to spend. It’s easy to get caught up in all the excitement and overspend, so make sure to set limits!

🤑❓🇱🇷 Do crypto brokers in the US charge fees?

Crypto brokers often charge a fee for their brokerage services. The fee structure varies by broker. Some brokers may charge a flat fee per trade. Others may charge a percentage of the investment amount as a fee. 

Some may charge both. Fees can be expensive, so it’s important to do your research and find the broker with the lowest fees.

🤑❓🇱🇷 What is the difference between a crypto broker and a crypto exchange?

A crypto exchange is a marketplace where you can buy, sell, and exchange cryptocurrency. Most crypto exchanges are online, but there are some brick-and-mortar locations where you can conduct these transactions in person. 

A crypto broker is a company that allows you to buy, sell, and manage your cryptocurrency investments. Most crypto exchanges and brokers will also allow you to exchange cryptocurrency with other buyers or sellers on their platform.

🤑❓🇱🇷 Which broker offers the biggest number of cryptocurrencies for trading?

Coinbase and Binance, you can’t go wrong with either of them.

It’s hard to choose between these two companies when it comes to crypto trading. Both offer various cryptocurrencies to trade, making it possible for traders to pick and choose which coins they want to use when trading.

Well, which one do you think is better? Coinbase has been around longer than Binance, but Binance offers the biggest number of cryptocurrencies in terms of the trading volume. However, when we look at market capitalizations, it’s clear that Coinbase is the winner.

🤑❓🇱🇷 Where to store cryptocurrency safely?

You can buy hardware wallets like Trezor or Ledger Nano S to store your cryptocurrency offline. You can also use a cloud wallet like MyEtherWallet, or Coinbase, to store your cryptocurrency on the internet.