Compare 7 best crypto exchanges to buy Bitcoin in the USA for 2024

Our panel of crypto analysts, experts, and traders periodically test 50+ leading exchange services to find the best crypto exchange in the United States.
By:  & 
Updated: Dec 1, 2023
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To create this list our expert panel performs a series of tests to identify the strengths and weaknesses of the best cryptocurrency exchanges. The tests include creating an account, placing trades, and transferring money to a secure crypto wallet.

We then research the specific needs of American users, such as which payment methods are available, which currencies you can deposit, and the trading fees in the United States.

Each expert assigns a score, which is combined with the results of further research to create a final ranking in order to answer the question: what are the best crypto exchanges in United States for American users? 

Learn more about our panel and how we rate and review platforms. Or read on to find out what is the best United States crypto exchange.

What is the best crypto exchange United States in 2024?

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Our expert rankings reveal that eToro is the best cryptocurrency exchange in the United States.

The list below shows the three best United States crypto exchanges that excelled in our tests, by combining low transaction fees, high security, and ease of use.

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1
Min. Deposit
80 €
Best offer
User Score
9.9
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2
Min. Deposit
-
Best offer
User Score
9.9
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
Min. Deposit
-
Best offer
User Score
9.8
Offers maximum flexibility for crypto trading strategies.
Responsive customer support through various channels, including live chat, email, and a comprehensive help center.
Wide range of trading options, including spot trading, margin trading, and futures contracts.
Start Trading
Payment Methods:
Debit Card, Credit Card, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover
Full Regulations:
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Top 7 best United States based crypto exchanges, reviewed

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1. eToro. Best for beginners, copy-trading & demo-account

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1%

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Highlights

Visit eToro eToro Review

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2. Plus500. Best for international CFD trading*

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From 2%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to over 2800 instruments, including CFDs on stocks, forex, commodities, and cryptocurrencies among several others.

Plus500 has something for all types of traders, no matter what level of experience. It’s zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% or 0.9 pips and varies depending on the instrument. Additional fees include overnight funding which is dependant on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Kraken: Best for simple, global cryptocurrency trading from your phone

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...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency - it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges
Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. Creating an account is free, then you’re ready to make your first step, with no time-consuming verification periods.

With 200+ crypto tokens at your fingertips, a 24/7 support system, and an extensive educational platform, Kraken is the perfect place to take your first steps into crypto. It’s perfect for international traders outside the US, and is available in 190 countries around the world.

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

Visit Kraken Kraken Review

4. Bitstamp. Best for professionals & trading with APIs

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...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Low trading fees and no spreads Supports multiple fiat currencies Regulated platform
Limited number of coins available Major fees on deposits and withdrawals Liquidity has suffered due to the limited selection of coins and most liquidity is concentrated in top names like Bitcoin and Ether

Overview

We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand. 

Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.

The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.

Highlights

Visit Bitstamp Bitstamp Review

5. Uphold. Best for building long term wealth

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$0.99

Fees

...

Minimum deposit

300

No. assets

Yes

Demo/virtual account

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up
Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD. 

Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Visit Review

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

6. Public. Best for sharing beginner trading ideas

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public.com logo

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: Cryptocurrency trades are charged a 2.5% fee per transaction. 

Highlights

Visit Review
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

7. KuCoin. Best social trading altcoin exchange

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...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees
Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Overview

We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.

KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

Visit KuCoin KuCoin Review

How to choose the best United States crypto trading platform

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With so many options out there, you should take care over picking the right American crypto platform for you. Things like the exchange fees, storage facilities, and range of coins available should all impact your choice. 

To help you make the right decision, here are some questions to ask yourself as you research each cryptocurrency exchange.

1. How much does the exchange charge to trade?

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There can be a big difference in the trading fees charged by each United States based crypto exchange. While the best crypto exchanges generally offer low cryptocurrency trading fees, what they charge may vary widely. Taking the time to compare them can save you money. 

Trading fees are usually charged as a percentage of the trade. The best rated crypto exchange in the United States with low fees will charge 1% or less of the trade amount. Some services charge a lot higher trading fees.

You may also have to pay deposit and withdrawal fees. You rarely have to pay for depositing fiat currency via a bank account or credit or debit card, but you may be charged a flat withdrawal fee. There’s often a significant charge for withdrawals made in digital currency.

2. How does the exchange store customer funds?

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Major crypto exchanges are available widely, but the important question is whether they are regulated in the United States. It’s the regulation that provides protection in the event that something happens to the exchange and you lose the money you hold on there.

You want to pick a reputable exchange that safely stores its customers’ funds. The best Bitcoin exchanges in United States should store your funds in segregated accounts and, ideally, in cold storage (offline). Choosing a United States crypto platform that a reputable accountancy firm has audited can give you extra peace of mind.

3. Is the platform easy to use?

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A good user experience means more than being able to easily navigate the website. Think about how you plan to trade: are you going to trade from your phone? How are you going to manage your crypto portfolio? Will you be depositing using fiat currency? Are you after particular analysis tools, charts, or software integrations?

Armed with that information, you can start to narrow down your shortlist by considering how the various different crypto exchanges suit you. For instance, if you plan to do a lot of trading on the go, you should focus on the platform offering the best crypto app in the United States.

4. What is the account verification process?

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When you create an account, you’ll often be asked to supply some personal details and a form of ID to verify your identity. It’s normally a prerequisite for any crypto account to be regulated in United States.

It’s a good idea to check the verification process before signing up. That way, you can have the relevant documents to hand to create a seamless sign up process. Or, if you want to avoid supplying personal details, you can filter out the crypto exchanges in United States that demand verification in order to use them.

5. How many cryptocurrencies are available?

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You can buy Bitcoin in United States through any cryptocurrency exchange, but beyond that the number of available coins can vary. If you want to trade altcoins, look for a United States crypto exchange that offers many coins and ‘crosses’, where you can swap from one crypto to another. 

6. Which currencies can you deposit?

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For most people, a cryptocurrency exchange in United States is a means to transfer local fiat currencies into cryptocurrency. However, lots of crypto exchanges in United States only accept US dollar deposits, which can be an issue if that is not your primary currency.

If you don’t have access to US Dollars, then it might be best to choose a large exchange like Binance or a local exchange that’s specifically designed for crypto traders in United States. 

7. Which payment methods are accepted?

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Decide how you want to pay for your crypto. Suppose you want to fund an account with the best United States cryptocurrency exchange using bank transfers or debit card payments. In that case, most American crypto trading platforms accept deposits from bank accounts and you don’t need to worry.

A cryptocurrency exchange in United States is less likely to accept alternative payment methods, like PayPal and other e-wallet services. The larger ones, such as Binance, do accept a wide variety of payment methods, but it’s still a good idea to check whether you can pay how you want before signing up.

8. Does it offer additional features, like staking or lending?

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Think about what you might want to use the crypto exchange for and use that to influence your decision. Do you want to store or stake your coins? Lend them to earn interest, or borrow crypto yourself?

You can buy crypto in United States through any United States based cryptocurrency exchange that’s regulated, but not all platforms offer all these services. You may be happy to juggle multiple logins and use different exchanges, but it’s normally easier to use one service, at least to start with.

What type of American crypto exchanges are there?

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Most crypto investors use centralized exchanges, like Binance or Coinbase. But cryptocurrency exchanges in United States come in different forms. Here is a breakdown of the most common types:

  • Centralized. In a centralised exchange, there is an authority – in this case a company – that operates the service. You create an account and deposit money, and the funds are held by the entity in the middle. When you make trades, they go through the central authority. The biggest crypto exchange, Binance, is an example of this type of platform.
  • Decentralized. On decentralised exchanges there is no central authority. Instead, buyers and sellers deal with each other directly, and the crypto trading platforms are just the mechanism for connecting them. You can’t create an account, the crypto is sent from one wallet to another when a transaction takes place
  • Peer-to-peer (P2P). A peer-to-peer exchange operates like a decentralized exchange, but there’s still a central body that acts as the intermediary. Each side in a transaction makes the payment, and the central body releases the funds as soon as both sides have sent money.

Can I buy traditional financial assets on a crypto exchange in United States?

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On some platforms you can, but a better option is to sign up for a dedicated service that offers the specific assets you want to trade. The best trading platforms in United States allow you to buy and sell stocks, while the best forex brokers in usa is best for currency trading.

How to buy crypto on the best Bitcoin exchange in United States

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Follow this short guide to learn how to buy Bitcoin in United States. This method is simple, and is the same process whether you want to buy and sell Bitcoin, or whether you prefer to trade crypto instead. 

Step 1. Sign up to eToro

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We recommend eToro as the best cryptocurrency exchange in United States for American users.

Step 2. Create an account

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You need to supply some personal contact details, such as your name and email address, in order to set up an account with the best crypto exchanges. Many American crypto exchanges require a form of photo ID as verification before you can use your account to buy crypto assets in the United States.

Step 3. Deposit funds in your chosen currency

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Go to the bank or deposit section of your crypto trading platform account. Here, you can enter the amount you wish to deposit, choose your preferred payment method, such as a bank account, credit or debit cards, and transfer the money you want to use to buy crypto onto the exchange.

Step 4. Search your favourite crypto

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You purchase Bitcoin and other cryptocurrencies by typing the coin name or symbol in the search box. For example, to buy Bitcoin online, search for the symbol, BTC. Then you enter the details of the trade. 

Step 5. Buy cryptocurrency in the United States

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Finally, to buy Bitcoin or any other crypto asset hit the ‘buy’ or ‘trade’ button. Fill in how much cryptocurrency you want to buy, and execute the trade. Don’t forget to factor in crypto exchange fees and trading fees when buying your digital assets. Advanced crypto traders interested in margin trading may have to pay other trading fees when they buy and sell trading pairs. 

Step 6. Transfer your cryptocurrency to a crypto wallet (optional)

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Your crypto assets will show up in your exchange wallet once the trade goes through. You can leave them there or move them to a dedicated crypto wallet. 

With a wallet, you have more control over your money, but it’s a bit more inconvenient if you plan on trading regularly. You can learn more about how to find the best Bitcoin wallet in United States below.

What is the best crypto wallet in United States?

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Wallets are private and unregulated, so they are available everywhere, to everyone, rather than being restricted according to where you live. MetaMask and Trust Wallet are a couple of the best crypto wallets and they are available all over the world. 

However, there’s a trend towards crypto services operating as all-in-one platforms, so that you can use one account that acts as both your exchange and wallet. The best option for most beginners is to sign up for a service like Binance or Bitstamp, where you can buy crypto on the exchange and then store it on the same platform.

Quick answers to key questions

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Yes, cryptocurrency trading is completely legal for US residents on licensed centralized exchanges and trading platforms, provided users comply with relevant regulations such as KYC verification and anti-money laundering (AML) rules. 

Users must report any capital gains from crypto trades for taxation purposes. Leading global crypto exchanges like Coinbase and Gemini allow US traders to invest in major crypto assets.

How are cryptocurrency exchanges regulated in the US?

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Cryptocurrency exchanges serving US-based crypto traders and investors must register as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN). 

Cryptocurreny exchanges must also comply with federal and state money transmitter laws and hold necessary licenses to operate in the US. Some states like New York require exchanges to have a BitLicense to provide trading services to residents. 

What are the common costs of trading cryptocurrency on exchanges in the US?

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When trading crypto, key costs to consider are exchange trading fees which range from 0.1% to 0.5% of trade value. Debit card fees may apply for depositing fiat currency and network fees vary by crypto when withdrawing from cryptocurrency exchanges to private wallets. Wallet and transaction fees also need to be considered. 

What is the minimum capital required to start crypto trading in the US?

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While some platforms allow starting with as low as $1-2, a $100 minimum deposit is recommended when first funding your account on a US crypto exchange. This covers expected network and trading fees and allows the purchase of meaningful amounts of cryptocurrencies to start trading effectively.

What cryptocurrencies can be traded in the US?

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The major US cryptocurrency exchanges like Coinbase, Gemini and Kraken provide access to all the top cryptocurrencies like Bitcoin, Ethereum, Litecoin, BNB, XRP, Cardano, Solana, Dogecoin, Polkadot and more. 

The availability of smaller altcoins and tokens varies across platforms. Look for cryptocurrency exchanges offering diverse crypto assets to suit your trading and investing goals.

How are cryptocurrency trades taxed in the US?

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In the US, capital gains tax rules apply to any profits made when selling or trading cryptocurrencies for a higher value than their cost basis. 

Short term capital gains for crypto held under 1 year are taxed as ordinary income. Long term capital gains apply at more favorable rates between 0-20% for crypto held over 1 year before selling. Losses can also be offset against gains to lower tax liability.

Choose a USA crypto exchange

FAQs

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What is the best United States crypto exchange?
What’s the best crypto exchange for beginners in United States?
What’s the cheapest crypto exchange with the lowest fees in United States?
What’s the safest crypto exchange in United States?
Can I buy cryptocurrency in the United States?
Which Bitcoin wallet is best in United States?
Can I use copy trading for crypto in the United States?
Why is Binance restricted in the US?
Is it legal to use Kucoin in the United States?
Is Binance blocked in America?
Can I use Binance in the US with a VPN?
Does Binance US have lower fees than Coinbase?
Should I use Coinbase Pro or Binance US?
What are the benefits of a regulated crypto exchange in America?


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.