When you plan to be a part of the cryptocurrency world, your first step into this volatile industry will occur through an exchange. Basically, there exist two types of crypto exchanges to buy and sell Bitcoin – first – a fiat exchange that allows the direct transfer of US Dollars, Euros, and most government-backed currencies to be traded for cryptocurrency – and second - cryptocurrency to cryptocurrency exchanges (C2C), that allow cryptocurrencies to be traded with each other.
But, before choosing the best Bitcoin exchange USA 2020, it is important to consider the following things:
So, you will need to use certain exchanges depending on what cryptocurrency you are investing in. Following is the list of best Bitcoin Exchange USA 2020:
Coinbase is headquartered in San Francisco, California and considered to be the novice-friendly exchange because of its simple user interface. Here, you actually buy and sell Bitcoin and other cryptocurrencies directly from Coinbase instead from other users. Technically, a brokerage, Coinbase has recently rebranded GDAX (Global Digital Asset Exchange) to Coinbase Pro which includes many new features and an updated user interface. It charges 1.49% fees on bank purchases and 3.99% fees on credit and debit purchases. It allows users to make recurring purchases when investing in various cryptocurrencies and offers multiple payment options - credit card, debit card, bank transfer, or bank wire. It will soon add several other cryptocurrencies on its exchange such as 0x, Stellar Lumens, Cardano and more. It is suggested that beginner crypto investors who look for low fees, should prefer Coinbase Exchange. Coinbase operates in the United States of America, Europe, Singapore, and Australia.
Binance is one of the newer exchanges that offer highest trading volumes on several of their trading pairs. One can buy bitcoins in the USA with credit card at this exchange. It has a wide range of coins available to purchase. Headquartered in Hong Kong, it has branch offices in many other countries such as Japan and China. Recently, Binance announced SAFU Hackathon (Secure Asset Fund for Users), that took 10% of all trading incentives that the exchanges earn. It also features Binance Coin that allows users to save big on trading fees.
CoinSwitch is a one-stop solution for all your trading needs, acting as a cryptocurrency aggregator, that supports more than 300 cryptocurrencies and 45,000 crypto trading pairs. CoinSwitch is partnered with most of the leading exchanges, from where you can choose the most feasible rate and can trade seamlessly, at the most competitive rate. CoinSwitch lets you trade without a mandatory sign up process. The best part is that you can reach out to the support team when needed, as CoinSwitch can assist you 24/7 for any queries. You can even buy Bitcoin, Ethereum and many other cryptocurrencies with a debit or credit card. Buy Bitcoin with a debit card in USA with ease.
Coinmama is another beginner-friendly exchange that allows users to buy bitcoins in the USA with a credit card. They offer instant delivery and sell Bitcoin, Ethereum, Ripple, Litecoin, BCash, Cardano, Qtum and Ethereum Classic to the United States and other countries. It charges 5.5% fees when a credit or debit card is used. Though it doesn’t provide its users with a wallet on the exchange but ask users to give their wallet address so that it can send the purchased cryptocurrency on it. Coinmama doesn’t allow users to sell cryptocurrency back to fiat currency. You should use Coinmama if your country is not supported by Coinbase.
Well known as Coinbase of Europe, Bitpanda is a prevalent crypto exchange that enables users to sells Bitcoin [BTC], Bitcoin Cash [BTC], Dash, Ethereum [ETH], Litecoin [LTC], IOTA, Komodo, Ripple [XRP], and more against pairs such as US Dollars, Euros, British Pounds, and Swiss Francs. This user-friendly exchange offers several payment methods such as bank transfers, credit cards, debit cards, Skrill, Neteller and many more. It charges 2.99% fees on credit and debit card purchases. However, its users do not have to pay any transaction fees for sending cryptocurrency between accounts on the exchange. You should use Bitpanda if you want to purchase a wide variety of altcoins and your payment method is supported (credit/debit card, net banking, Skrill, Neteller, etc.). It is the most preferred option if your country is not supported by Coinbase.
Headquartered in London, UK, CEX.IO offers security, high liquidity, and cross-platform trading. It offers margin trading with 100 percent uptime. With over 2 million accounts, it offers a wide variety of cryptocurrencies for sale. It charges high fees which include the service fees as well. So, when a user buys cryptocurrency CEX.IO, they actually pay more for the cryptocurrency as compared to the other exchanges.
Founded in 2011, Kranken is headquartered in San Francisco, California. Kraken stands among the top list of cryptocurrency exchanges as it offers a high-security environment, reliability, legal compliance, and advanced features like stop-loss orders. Besides Bitcoin, the exchange offers over 15 cryptocurrency pairs including Monero, ZCash, Ripple and more. It offers high liquidity, low fees, fast funding, margin trading, etc. You should use Kraken if you are planning to trade cryptocurrency on fiat and crypto pairs.
LocalBitcoins is a peer-to-peer (P2P) exchange that allows users to trade among themselves individually. With lower transaction fees, it also offers a resolution system, a rating system for traders and allows users to post some quick actions such as quick buy or quick sell ad on the exchange platform. LocalBitcoins is one of the best exchanges for peer to peer trading and users concerned with their privacy. Moreover, it allows users to purchase Bitcoin in person without linking identity to an exchange. One can use LocalBitcoins if you plan to use cash to buy cryptocurrency or if you want to use an escrow service.
Bitstamp is a Bitcoin exchange that offers higher liquidity because of the high trading volume on the exchange. Founded in 2011, its headquarters are based in Luxembourg. However, it allows users from the United States and other countries to send international transfers at a very low fee. It provides a wide variety of trading pairs and cryptocurrencies available such as Bitcoin, Ripple, Litecoin, Ethereum and more.
Based in New York, US, Gemini Exchange only trades three currencies: US dollars, Bitcoin and Ethereum. With low fees of only one percent, Gemini offers high security, an excellent cold-storage system that records information offline, access controls, and multi-factor authentication. This ‘secure’ exchange has recently added support for privacy cryptocurrencies such as Zcash.
Headquartered in Seattle, U.S., Bittrex is a regulated exchange that supports more than 190 cryptocurrencies and offers a vast range of trading pairs. It offers instant transactions, high stability, and follows some risk management practices. It charges .25% as fees and uses Slack, Twitter, and Email for customer support. Recently, it allowed certain customers to deposit fiat currency into their exchange, which is uncommon for an exchange with such number of coins Bittrex offers.
Most cryptocurrency exchanges let users buy cryptocurrency listed on the exchange. Each crypto exchange has its own pros and cons, it might be the best exchange for one person but might not be the best for another.
Whatever is mentioned above falls in the best crypto exchange category, you can choose any of these.
Cryptocurrency is not legal in India.
Not till now.
Around 2000 Bitcoin ATMs are there in the United States alone.
You can go to https://coinswitch.co/ and buy Bitcoin and 300 + cryptocurrencies at ease.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like KuCoin, IDEX, Changelly, Cryptopia, ChangeNow and Changer without creating an account on them. If you are interested in buying cryptos, do give it a try!
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