With more than 200+ providers active in the crypto industry, choosing the best crypto exchanges for your trading requirements can be challenging.  You need to assess factors like safety, supported tokens, fees, customer service, wallet security, and minimum account balances. 

Our team at Business2Community selected and reviewed the top crypto exchanges available today.

Delve into the details to find the best one that suits your trading needs.

Top Crypto Exchange Platforms in the USA

  1. MEXC – Best Crypto Exchange With Zero Spot Trading Sees, Supports 1600+ cryptos
  2. OKX – Global Crypto Exchange with 340+ Tokens and Low Fees
  3. Binance – Lowest Fee Crypto Exchange for Commissions
  4. Coinbase – Emerging Crypto Exchange USA and Worldwide
  5. Kraken – Secure and Trusted Exchange that has Never Been Hacked
  6. KuCoin – Popular Crypto Exchange With Over 700 Cryptos And Low Fees
  7. PrimeXBT – Offers Various High-Leverage Trading Options At Competitive Fees
  8. ByBit – Fast-Growing Crypto Exchange With Advanced Trading Tools And Strong Security Measures
  9. Margex – Popular Exchange With A user-Friendly Design And High Security
  10. Webull – One of the Best US Crypto Exchanges for Small Investments
  11. Huobi – Promising Crypto Exchange for Savings Accounts

The Best Crypto Exchanges in USA – Reviewed 

When reviewing the best crypto exchanges, our primary criteria include low fees, safety and security, excellent customer support, and plenty of available markets.

1. MEXC – Best Crypto Exchange With Zero Spot Trading Sees, Supports 1600 cryptos

MEXC is currently at the top of our list of the best crypto exchanges. It has over 10 million users in more than 170 countries. 

The platform supports a diverse portfolio of over 1600 cryptos and is known for its high-performance capabilities, processing up to 1.4 million transactions per second.

One of MEXC’s key features is its fee structure. It offers zero fees for spot trading, making it an attractive option for various traders. 

Additionally, it provides up to 200x leverage for margin and futures trading, with competitive maker and taker fees of 0.00% and 0.02%, respectively. This is particularly notable compared to other platforms with higher fees.

MEXC Homepage

Moreover, MEXC focuses heavily on protecting user assets. It ensures a 1:1 proof-of-reserve for users’ assets in different top crypto wallets, including major currencies like ETH, BTC, USDT, and USDC, providing users with confidence in the safety of their funds.

MEXC is designed to be user-friendly, offering advanced charting tools for experienced traders and a copy trading feature for beginners. 

Additionally, it provides a savings feature with attractive APRs on various cryptos. The platform is accessible via multiple payment methods, including credit/debit cards, bank transfers, and third-party payments like Apple Pay and Google Pay. Its mobile app compatibility ensures convenient trading on the move.

The MX token, MEXC’s native crypto, improves the user experience by offering benefits such as voting rights on important decisions, trading discounts, and access to exclusive airdrops.

However, it’s important to note that MEXC is unavailable in the US. 

Number of Cryptos 1600+
Fee Structure Spot: 0%; Margin & Futures: Maker 0%, Taker 0.02%
Fee to Buy Bitcoin No spot trading fees
Minimum Deposit None

What We Like:

  • Over 1600 cryptos supported.
  • Zero fees for spot trading.
  • High-performance trading capabilities.
  • Strong focus on asset protection.

2. OKX – Global Crypto Exchange with 340 Tokens and Low Fees

OKX is a top global decentralized crypto exchange, boasting over 20 million users across 200+ countries. The exchange supports trading on over 340 popular crypto tokens, including various new cryptocurrencies that traders will have difficulty buying elsewhere.

In addition, trading fees at OKX are just 0.10% or less for most trades, and the platform supports credit cards, debit cards, e-wallets, and bank transfers.

OKX has a ton of tricks up its sleeve, including a P2P crypto exchange and a built-in crypto wallet in the OKX mobile app. This exchange also supports crypto savings accounts and staking for several popular tokens. Crypto investors can earn interest up to 12% APY, and new users can earn up to 30% APY in the first three days. Traders can also borrow against their crypto to increase their available capital with rates as low as 1% APR.

OKX website emerging cryptos

This exchange offers a simple, instant buy option for traders who want to buy coins at the current market price. OKX offers an in-depth charting platform for more advanced traders with order book data for all tokens. Traders have access to limit, stop, and conditional orders, giving them complete control over their trades and risk management.

The exchange regularly publishes a list of emerging cryptocurrencies that traders may want to watch, helping them spot coins before they take off.

Number of Cryptos 340+
Fee Structure 0.10%
Fee to Buy Bitcoin 0.10%
Minimum Deposit None

What We Like:

  • Trade 340+ cryptocurrencies
  • Lists new crypto projects
  • Supports crypto savings accounts and crypto staking
  • Borrow crypto from 1% APR
  • Integrated mobile wallet
  • CEX & DEX

3. Binance – Lowest Fee Crypto Exchange for Commissions 

If you’re searching for the lowest-fee crypto exchange for commissions and the best P2P crypto exchange, Binance is a solid choice. You can trade crypto-crypto pairs like ETH/BTC at this popular online exchange at just 0.10%. This means a total stake of $100 would cost you just $0.10 in fees. On the Binance US website, you will find over 60+ supported best DeFi coins and all the top cryptocurrencies to invest in.

We should note that if you wish to buy crypto with fiat money, then additional fees will apply. ACH and bank wire transfers are processed fee-free, you will need to pay a buy commission of 0.5%. Moreover, you can add a further 4.5% to this fee if you wish to deposit funds with Visa or MasterCard.

Users signing up via this website are eligible for a $100 Binance bonus

As a result, this makes Binance an expensive option for those wishing to trade crypto in exchange for USD. Another thing to note about Binance is that the SEC does not regulate the platform. Binance is not licensed in any single jurisdiction – so the safety of your funds is at risk. To access your Binance account, use the main website or download the iOS/Android app.  

In addition to offering cryptocurrencies, Binance is a NFT marketplace that allows you to invest in the best NFTs to buy. Nevertheless, for those not satisfied with what Binance has to offer, there are several best Binance alternatives on the market.

Number of Cryptos 600+ worldwide, 60+ in US
Fee Structure Binance Exchange = 0.1% maker/taker fee

Instant Buy = 4.5%

Fee to Buy Bitcoin 0.1% on Binance Exchange; 4.5% for Instant Buy
Minimum Deposit No minimum deposit threshold

What We Like:

  • Huge range of cryptos to trade
  • Low trading fees
  • Trading platforms for beginners and advanced investors
  • Dedicated staking service

4. Coinbase – Emerging Crypto Exchange in the USA With Low Fees And High Security

 Coinbase now serves over 100+ million clients, many of whom prefer Coinbase for its simple and burden-free investment platform. You can quickly open an account and instantly invest in crypto with your debit or credit card, making it the best place for beginners and seasoned investors to buy crypto.

The main drawback is that although you can get started quickly, debit/credit card transactions are charged at 3.99%. The other option is to deposit funds via ACH – and then, when the funds are credited, pay a smaller commission of 1.49% to complete your crypto purchase. However, this is still considered expensive compared to other exchanges in this space.

The Coinbase sign-up bonus awards new users a free $10 in Bitcoin.    

coinbase home page website

Going back to the positives, Coinbase is one of the safest cryptocurrency exchanges, with some of the most robust security protocols, including keeping the majority of client digital funds in cold storage, verifying the identity of all new customers, and requiring each account holder to set up 2FA (two-factor authentication). They also have a 24/7 security team.

Coinbase is also a good yield farming crypto platform to consider in 2024 if you’re interested in crypto staking and loans. 

If you want to buy Quant and other cryptocurrencies, you can securely trade the best altcoins on Coinbase using your mobile device.

For those not too convinced by Coinbase’s business offerings and trading fees, you can read our article on the best Coinbase alternatives in 2024.

Number of Cryptos 100+
Fee Structure Transaction Fee + Spread
Fee to Buy Bitcoin Transaction fee based on payment method/volume + 0.5% spread
Minimum Deposit No minimum deposit stated

What We Like:

  • User-friendly mobile app interface
  • Can purchase crypto using credit/debit card and PayPal
  • Great educational content
  • Two-factor authentication offered on mobile app

5. Kraken – Secure and Trusted Exchange that has Never Been Hacked

Kraken is the top choice for investors worried about security as it is an exchange that has never been hacked in more than ten years.

The US-based exchange, which complies with a variety of financial regulators around the world, takes a security-first approach to both its exchange and its users.

kraken2

Those on Kraken can add many security features to ensure peace of mind, including two-factor verification, PGP (Pretty Good Privacy) email encryption, and a master account lock – they also offer cold storage wallets. Kraken stores 95% of its assets in cold storage as well.

The exchange’s impressive security record is based on irreversible transactions and programmable enforceable contracts, while CEO Jesse Powell has regularly told his clients they should keep their funds off the exchange unless they are being used for trading.

Kraken regularly partners with external auditors to conduct Proof of Reserves audits, enhancing trust and transparency in their exchange and on-chain staking service.

The exchange offers trading pairs on over 200 coins and low fees on major trading tokens – 0.9% for stablecoins and 1.5% for all other cryptos. However, this is the fee for buying crypto instantly. With Kraken Pro, the fees start at just 0.16%.

It also offers margin trading with 4x leverage, dark pool trading, and crypto derivatives trading.

Number of Cryptos 200+
Debit Card Fee 3.75% + $0.25
Fee to Buy BTC/ETH 1.5% with instant buy/ 0.16% with Kraken Pro
Minimum Deposit $1

What We Like:

  • Security-first approach
  • Never been hacked
  • Added security options for users
  • Complies with numerous global financial regulators
  • Small deposit amount and purchasing fee

KuCoin is next on our list of the top crypto exchanges with over 700 cryptos, supporting 48 fiat currencies. The platform grew in popularity in 2020, now serving over 30 million users from 200 countries. It offers advanced trading features, including spot, futures, perpetual contracts, and derivatives, catering to a diverse trader demographic from beginners to experts.

Headquartered in Seychelles, with branches in Hong Kong and Singapore, KuCoin offers a user-friendly interface accessible via web and mobile.

KuCoin Exchange

The exchange offers low fees, charging up to 0.1% for spot trading and starting from 0.02%/0.06% for futures trading for makers and takers, respectively. While depositing crypto is free, withdrawal fees vary based on network and transaction specifics.

For newcomers, KuCoin provides attractive incentives like USDT awards and coupons up to 3,200 USDT, available upon completing certain tasks within the first 30 days of signing up. This approach, combined with its competitive fee structure and extensive currency support, makes KuCoin a promising choice for traders globally.

Number of Cryptos 700+
Fee Structure Spot: up to 0.1%; Futures: Maker 0.02%, Taker 0.06%
Fee to Buy Bitcoin Spot: up to 0.1%
Minimum Deposit $5

What We Like:

  • Supports over 700 cryptos and 48 fiat currencies.
  • Low fees for trading activities.
  • User-friendly interface for web and mobile.
  • Attractive incentives for new users.

7. PrimeXBT – Offers Various High-Leverage Trading Options At Competitive Fees

PrimeXBT is a promising crypto exchange with a user base exceeding 1 million across 150 countries. The platform processes about 170,000 trades daily.

It offers various trading options, including crypto futures, various global markets, and the unique PrimeXBT Turbo feature, catering to traders of all experience levels.

PrimeXBT also has high leverage options, offering up to 1:2. This feature allows traders to increase their position sizes but also entails higher risks. 

The platform’s fee structure is competitive, charging 0.01% for makers and 0.05% for takers in crypto futures and a uniform 0.05% fee for other markets and copy trading. There are no deposit fees, but withdrawal costs vary based on the crypto and network used.

PrimeXBT Exchange Homepage

PrimeXBT uses two-factor authentication, multi-signature cold storage, and hardware security modules to ensure a secure trading environment. 

The exchange supports trading in over 50 markets, including a wide range of cryptos, fiat currencies, commodities, and indices. While it doesn’t support direct bank card deposits, several other deposit methods are available.

The platform also offers flexibility in financial transactions, with no standard minimum deposit and varied withdrawal and deposit limits.

Number of Cryptos 50+ markets (including multiple cryptos)
Fee Structure Crypto Futures: Maker 0.01%, Taker 0.05%; Other Markets & Copy Trading: 0.05%
Fee to Buy Bitcoin Maker 0.01%, Taker 0.05%;
Minimum Deposit 0.001 BTC

What We Like:

  • High leverage options available.
  • Competitive fee structure.
  • Secure trading environment with advanced features.

8. ByBit – Fast-Growing Crypto Exchange With Advanced Trading Tools And Strong Security Measures

Founded in 2018 and headquartered in Dubai, ByBit is a fast-growing crypto exchange with over 10 million users globally. Initially focusing on derivatives trading, Bybit has extended its services to spot trading, staking, and other services.

ByBit also has high-leverage options, offering up to 100x leverage on perpetual contracts, a feature particularly appealing to experienced traders.

The exchange has a competitive fee structure, with maker fees starting at 0.06% and taker fees from 0.01%, with further reductions available for VIP traders. 

Also, ByBit’s advanced matching engine can handle 100,000 transactions per second, ensuring efficient and reliable trade execution. It also has strong security measures such as cold storage for funds, multi-signature wallets, and two-factor authentication to safeguard user assets.

ByBit

The platform’s interface is user-friendly and suitable for beginners as well as experts. Also, ByBit’s customer support is available 24/7, addressing queries and issues promptly. 

Bybit supports an extensive range of over 220 trading pairs and an NFT marketplace. The exchange also provides innovative tools like copy trading and a trading bot.

Additionally, the Bybit mobile app is compatible with Android and iOS devices. The platform offers simple registration with basic verification and KYC completion. 

Deposits are free, with various cryptos accepted, though withdrawal fees and minimums vary by currency.

Number of Cryptos 220+ pairs
Fee Structure Maker: 0.06%, Taker: from 0.01%
Fee to Buy Bitcoin Maker: 0.06%, Taker: from 0.01%
Minimum Deposit None

What We Like:

  • High-leverage options for experienced traders.
  • Competitive fee structure with VIP reductions.
  • Advanced matching engine for efficient trading.
  • Strong security measures in place.

Margex is a Dubai-based crypto exchange that specializes in derivatives trading and offers high-leverage options.

It caters to beginners and seasoned traders, with a user-friendly interface and strong security measures for a reliable and engaging trading experience.

Margex offers high leverage, up to 100x. This allows traders to increase their trading positions, significantly improving potential profits but also increasing risks as losses are similarly amplified.

It’s worth noting that security is a top priority for Margex. It uses advanced protocols to protect user funds and data.

Margex Exchange Homepage

The platform is designed for traders of all experience levels. It provides comprehensive educational resources to help newcomers grasp market dynamics and develop their trading strategies.

Margex also offers high liquidity, ensuring quick transactions across numerous trading pairs.

It also offers an affiliate program with attractive referral commissions. For advanced traders and institutions, there’s API access for easy integration with external trading bots and algorithms. 

The platform supports various funding methods, including Bitcoin deposits and traditional banking options.

Number of Cryptos Limited to major cryptos
Fee Structure Maker Fee – 0.019%, Taker Fee – 0.06%
Fee to Buy Bitcoin Maker Fee – 0.019%, Taker Fee – 0.06%
Minimum Deposit $10

What We Like:

  • Specializes in high-leverage derivatives trading.
  • User-friendly for beginners and experts.
  • Strong focus on security protocols.
  • Offers educational resources for traders.

10. Webull – One of the Best US Crypto Exchanges for Small Investments 

If you’re a beginner looking for the best altcoin exchange regarding account minimums, Webull could be for you. This is because when buying and selling crypto here, you only need to stake $1. This is the case irrespective of how much the crypto asset trades for – which is particularly handy for expensive tokens like Bitcoin and Ethereum

At Webull, you can trade all supported cryptocurrencies, US-listed stock options, equities, and ETFs without any commission or minimum deposit requirements. With advanced charting tools and technicals, Webull is perfect for both new and experienced traders.

Webull exchange website

Another aspect that we like about this SEC-regulated platform is that you can invest via a retirement account. Moreover, you can deposit funds into your Webull account via ACH for free.

Webull also offers a wide selection of educational guides – and you can even trade via a demo account. Finally, consider downloading the free Webull app to trade crypto on the go.       

Number of Cryptos 20+
Fee Structure 100bp spread
Fee to Buy Bitcoin 100bp (e.g. 1%)
Minimum Deposit No minimum deposit

What We Like:

  • No transaction fees to open trade
  • Minimum position size only $1
  • Real-time market data & charting features
  • Two-factor authentication offered
  • $5 reward when completing first crypto trade

11. Huobi – Promising Crypto Exchange for Savings Accounts  

If you want to combine capital gains with regular income – Huobi is one of the best crypto exchanges. This is because, besides offering hundreds of crypto markets, the exchange also offers crypto savings accounts that allow you to earn interest on idle investments.

On September 13, 2023, Huobi announced a new global brand strategy and refreshed its branding. They rebranded “Huobi” as “HTX”, where “H” represents Huobi, “T” stands for TRON, with a commitment to being fully dedicated to TRON, and “X” represents the exchange.

huobi exchange website

Regarding the exchange, HTX supports various cryptocurrency tokens of all shapes and sizes. You can buy and sell crypto assets on Huobi at a 0.2% maker/taker fee – and lower rates are available when you trade larger amounts. HTX operates a maker-taker pricing structure, so those providing the exchange with trading liquidity will benefit from even more competitive commissions.  

Number of Cryptos 400+
Fee Structure 0.2% transaction fee
Fee to Buy Bitcoin 0.2% (reduction if you hold Huobi Token)
Minimum Deposit $100

What We Like:

  • Low trading fees
  • Numerous derivatives markets offered
  • Huge range of cryptos to trade
  • Crypto savings accounts offered

How did we Rank the Best Crypto Exchanges?

We conducted an in-depth evaluation of cryptocurrency exchanges, trading apps, and brokerage platforms to assess their features and crypto trading options.

  1. Coins and trading features: We compared the range of cryptocurrencies available for trading, acceptance of fiat currencies, order types, volume discounts, overall liquidity, and trading fees.
  2. Staking: Some platforms enable users to stake specific cryptocurrencies and receive interest payments.
  3. Crypto lending: Certain crypto exchanges offer lending services for users to lend out their cryptocurrencies.
  4. Platform availability: We reviewed accessibility levels of various features across different countries.
  5. Customer service: We assessed available customer support options.
  6. Crypto rewards credit card: Not all crypto exchange platforms provide crypto rewards credit cards.
  7. Security: Finally, we want the safest crypto exchange, so we compared storage options, security measures, insurance availability, and any historical large-scale hacks experienced by each exchange to evaluate their security and storage options.

How to Choose the Best Crypto Exchanges for You   

So, now that you know how the best Bitcoin exchanges work, we can explain the factors for when selecting the right provider. 

This will allow you to sign up with the best exchange for your goals and investor profile.

1. Regulation

We mentioned earlier that US clients now have access to over 200+ crypto exchanges. However, you might be surprised to learn that few exchanges hold regulatory licenses. Even fewer are authorized by the SEC or registered with FINRA. 

  • Considering this, you must check the regulatory status of a crypto exchange before opening an account or depositing any funds. 
  • To give you an idea of what’s out there, Webull is regulated by the SEC. 
  • This means that you can be sure about the legitimacy of these platforms. 

You then have the likes of Bybit, which is unregulated and registered offshore in the British Virgin Islands. 

2. Tradable Cryptos

While a crypto exchange won’t host every token listed on CoinMarketCap, your ability to diversify can vary quite comprehensively depending on your selected provider.   

For example, if you were to trade crypto via Bitstamp, you would have access to over 50+ leading tokens. 

This covers large caps like Bitcoin and Ethereum and up-and-coming projects such as Decentraland and The Graph. 

Crucially, it’s wise to select an exchange that offers a wide variety of crypto assets so that you have the opportunity to broaden your investment horizons. 

Otherwise, if you come across a token that isn’t supported, you will need to open an account with another exchange to gain access to the respective market. 

3. Fees

Fees can be so complicated to understand at crypto exchanges that we have dedicated separate sections to give you a clearer idea of what to look for. 

Deposits/Withdrawals

When you first open an account with a crypto exchange, you will need to deposit some funds. The fees will vary from provider to provider, depending on your preferred payment method. 

For example, no fees apply if you deposit funds with ACH at Webull. But, if opting for a domestic bank wire, you will pay $8 – irrespective of the deposit size. 

Trading Commissions

The commission is the next fee to check when searching for the best Bitcoin exchanges. You will pay this direct trading fee to the exchange for buying and selling crypto. In a few rare cases, it is charged as a percentage of your total position. 

For example, when trading at Crypto.com, you will pay a commission of 0.40% per trade. The same trade at Gemini, which charges a commission of 1.49%, would set you back $14.90.

Spreads

Regardless of which asset class you are trading, you will always need to pay the spread. This is simply the difference between the buy and sell price of the asset, as per the exchange or broker you are using. 

In other words, this is the mark-up between the actual market price of your chosen cryptocurrency – and the rate offered by your chosen Bitcoin trading platform. 

4. Wallet

Once you have assessed the fees your chosen crypto exchange charges, it’s worth thinking about storage. All crypto exchanges discussed on this page offer a standard web wallet.

This means that the tokens you buy will be kept in the crypto wallet controlled by the exchange – so it is the provider’s responsibility to keep your funds secure. This isn’t a problem when you use a regulated platform like Webull. 

Keeping your crypto tokens in a secure web wallet will make cashing out fast and convenient. 

However, many crypto exchanges are unregulated, so keeping your tokens in a web wallet can be risky. On the other hand, the best Bitcoin exchanges will also offer a proprietary wallet that comes in the shape of a mobile app. 

5. Tools & Features

The best crypto exchanges in the US will offer tools and features that cover everything from chart analysis and education to price alerts and passive investment tools. 

Some of the most effective tools and features that we came across during the exchange review process included the following:

Pricing Alerts

Top crypto exchanges like Bitstamp, Binance, and Coinbase provide a handy feature called real-time pricing alerts. This tool ensures instant notifications when a cryptocurrency reaches a specific price.

Charting Tools

If you have some technical analysis experience, the best crypto exchanges offer an assortment of charting tools. 

In addition to technical indicators, you might find drawing tools and even integration with TradingView. 

Payment Methods

If you want to deposit funds in the most convenient way possible, you must choose an exchange with the legal remit to accept US dollar payments. 

For example,  Webull only accepts ACH and bank wires, the former of which attract a deposit and withdrawal fee of $8 and $25, respectively. 

Some exchanges will not accept US dollar deposits, meaning you must fund your crypto account.  

6. Customer Service

The best crypto exchanges offer a superb level of customer service. This includes speaking with a live agent in real time via a chatbox. As a bonus, the best crypto exchanges offer customer support 24/7 or 24/5. 

Unfortunately, we came across a large number of crypto exchanges that only offer support via email. This means that instead of speaking with a customer represented directly, you will need to wait for a reply. 

7. Mobile App

Mobile usage is the final metric to consider in your search for the best Bitcoin exchanges in the market. 

Using an exchange offering a top-rated mobile app will ensure that you can trade crypto no matter your location. 

Moreover, assessing whether the crypto exchange app is user-friendly is important – especially when placing buy and sell orders. 

Conclusion 

Whether you are a beginner or an experienced crypto investor, choosing the best crypto exchange for your goals and skill set is important. After all, to trade crypto, you will need to risk your hard-earned capital. 

If you prioritize deep liquidity, high security, low fees, a diverse range of assets, or a user-friendly mobile experience, choose an exchange tailored to your needs. MEXC is a top-tier crypto exchange with zero spot trading fees. It supports over 1600 cryptos and provides high-performance trading capabilities, including up to 200x leverage.

FAQs on Crypto Exchanges

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