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.
🟢 Offer Free Stock & ETF Trading
🟢 Seamless Account Opening
🟢 Social Trading
🟢 Offers Access to 30+ Cryptocurrencies
🟢 Low Minimum Required to Open an Account
🔴 High Non-Trading Fees
🔴 Only One Account Base Currency
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.
🟢 Has an App to Buy Digital Currency, Stocks & ETFs
🟢 Supports Commission-Free Trading
🟢 It Is Secured with the 2-Step Verification Process
🟢 Intuitive Application User Interface
🔴 Only Allows Cryptocurrency Investors to Buy, Hold & Sell Digital Assets
🔴 Supports a Limited Number of Cryptocurrencies
🔴 The App Is Available to US-Based Users
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.
🟢 Low Non-Instant Trading Fees
🟢 Advanced Trading Features & Platform
🟢 Wide Products Selection
🟢 Large Selection of Digital Assets
🟢 Secure Trading Platform
🔴 Has No Tax Support
🔴 Has a Poor Selection of Educational Materials
🔴 Not Available in All U.S. States
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!
🟢 Insures Your Digital Currency In Case the Website Is Hacked
🟢 Offers Access to about 100 Cryptocurrencies
🟢 Easy to Use for Cryptocurrency Beginners
🟢 Coinbase Pro Offers Lower Pricing
🔴 High Transaction Fees
🔴 Poor Customer Service
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!
🟢 50+ Cryptocurrencies Available
🟢 Charges Low Trading Fees
🟢 Provides a Chance to Earn Passive Income
🟢 Excellent for Institutional Investor
🔴 Not Available in Some States in The USA
🔴 Limited Features Compared to Other International Sites
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.
🟢 Does Not Charge Any Fees on Crypto Deposits or Withdrawals
🟢 Focused on Security
🟢 Established Platform with an Excellent Reputation in the Cryptocurrency Space
🔴 High Fees
🔴 No Access to Crypto-to-Crypto Transactions
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.
🟢 Low Forex CFD Fees & Commission-Free Real Stocks
🟢 Intuitive and Seamless Account Opening Experience
🟢 Excellent Customer Support
🟢 Provides Informative Video Content for Market Analysis
🔴 Offers Only CFD and Real Stock
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.
🟢 Great Customer Service
🟢 Free and Seamless Deposit and Withdrawal
🟢 Provides Multiple Platform Add-Ons, Enhancing the MetaTrader Experience
🟢 Provides a Growing Tradeable Markets Selection
🟢 Offers Several Copy Trading Platforms
🔴 Trails Market Leaders in Terms of Educational Materials
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.
🟢 Supports an Extensive List of Cryptocurrencies
🟢 Easy to Convert Money
🟢 Strong Security
🟢 Allows You to Earn Interest on Crypto
🔴 Higher Fees Except for Those Who Hold and Use CRO
🔴 Trading Fee Discounts Are Confusing to Navigate
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.
🟢 Majors in Cryptocurrency Derivatives Trading
🟢 Guarantees Liquidity for Every User
🟢 Charges Low Withdrawal Fees
🟢 Provides Advanced Trading Options
🟢 Supports Margin Trading
🔴 Provides Limited Support Options
🔴 U.S. Residents Are Not Allowed to Trade on the Global Platform
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.
How Does It Work?
When you want to buy Bitcoin or another cryptocurrency but don’t want to go through the hassle of mining it yourself, a cryptocurrency broker can help you find a buyer or seller at a price you’re willing to pay.
Most brokers have an easy-to-use website that allows users to create an account in minutes. Choose your preferred payment method, deposit some funds and start trading.
How Can I Find a Crypto Broker?
Once you’ve chosen what currency you want to buy, search for “crypto broker” and your currency of choice online. You should then see lists of reliable brokers based on factors like cost, security, and ease of use. To ease the process, you can just check our top ten list above and choose the best broker for you.
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;
|High Security and Privacy||The first thing that comes to mind is the high level of security and privacy. The blockchain system used for cryptocurrency transactions provides a high level of encryption and protection from third parties. |
That is why most banks are interested in using cryptocurrencies for payments between clients.
|Low Fees for Payments||Another advantage is the low fees for payments. Since the network is decentralized, no banks or third parties are involved in charging you fees for your transaction. |
That’s why it’s easier to make international payments with cryptocurrencies, as you won’t have to pay extra money to change your currency.
|Volatility – a Great Chance to Earn||The most notable advantage is the volatility of cryptocurrencies. The price of Bitcoin may rise or fall by 10% in a single day, so traders have the potential to make big money in a short amount of time. If you’re willing to take the risk, there’s a lot to be gained from trading cryptocurrency.|
|No Governmental Influence||Another advantage is that inflation does not affect cryptocurrencies because their supply is limited. This means that people can store their wealth in them without worrying about it losing value over time.|
|No Geo Limitations||As your cryptocurrency is stored on your phone or computer, it can be accessed anywhere with an internet connection. You don’t need to worry about being limited by borders when making transactions with other people around the globe.|
Disadvantages of Cryptocurrencies
Cryptocurrencies present several advantages, but there are also some disadvantages to be aware of.
|Volatility – a Great Chance to Lose||Cryptocurrency prices can change dramatically over a day or even an hour, so you need to understand that this is a high-risk investment. This isn’t the right choice if you’re looking to make money quickly.|
It’s important to note that these substantial price changes happen regularly with cryptocurrencies. While they may seem like great investments when they first come out, they can fall dramatically in value later. It’s essential to consider this when deciding whether or not you should invest your money here.
|No Refunds||When you pay for services or send your crypto to a broker’s account, you may later perform some activities with it. For example, you may open a deal and lose 50% of your deposit. In such a way, you will not be able to refund your money, because crypto transactions are absolutely inevitable. The same goes for sending your money to gambling sites or sportsbooks.|
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:
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 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.
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.
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 Exchange App||Features||Compatibility|
|Abra App||🟢 Users can invest in 30 cryptocurrencies and 50 fiat currencies, all in one place. |
🟢 Customers can buy and sell via crypto wallet, bank transfer, and credit/debit cards.
🟢 They can hold digital assets using their crypto wallet.
🟢 They can also make international money transfers using cryptocurrency as an intermediary currency.
|iOS & Android|
|Coinbase Pro App||🟢 This app gives users access to Coinbase’s professional trading platform called GDAX.|
🟢 Users can trade a broader range of digital assets than on the Coinbase consumer platform.
|iOS & Android|
|Binance App||🟢 Users have easy access to the Binance exchange.|
🟢 Investors can buy/sell cryptocurrencies, and exchange their funds with other users.
🟢 There are many tutorials available to get to know the Binance App.
|iOS & Android|
|Coinigy||🟢 Multi-exchange trading platforms with advanced charting tools. |
🟢 Users can make trades on 45 exchanges through one interface.
|iOS, Android & Desktop|
|Blockfolio Signal||🟢 Blockfolio Signal lets you keep track of all the movements in the crypto market by delivering updates from individual projects directly to your Blockfolio app. |
🟢 Besides seeing price changes, you can also get updates about new coins’ listings on exchanges or about fork events taking place.
🟢 You can also choose which cryptocurrencies you want updates about, and you can also integrate Blockfolio Signal notifications and the pricing updates directly into Slack groups.
|iOS & Android|
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.