With over 200 vendors active in this space, choosing the best cryptocurrency exchange for your trading needs can be challenging.
Not only do you need to evaluate factors such as security, supported tokens, and fees, but also customer service, wallet security, and minimum account balances.
This guide will help you decide by looking at the best cryptocurrency exchanges in the market today
The Best Crypto Exchanges USA for 2022
U.S. Crypto Exchange Review
We use strict criteria when reviewing the best bitcoin exchanges in the US.
Some of our top priorities in this regard are low fees, security, great customer support and the many marketplaces available.
Our results suggest that the eight best cryptocurrency exchanges for 2022 are listed below.
1.eToro – Best Cryptocurrency Exchange in the US in 2022
If you’re looking to invest in multiple cryptocurrencies to reduce risk, consider eToro’s cryptocurrency portfolio. This includes over a dozen digital assets – the portfolio is rebalanced, rebalanced and managed by the eToro team.
You can also similarly copy another eToro trader to passively enter the crypto market. This requires a minimum payout of just $200 per trader and is a low-risk way to trade crypto.
It is also worth mentioning that eToro is the best social trading cryptocurrency platform for both beginners and experienced traders. But is eToro safe? In terms of security, eToro is regulated by the SEC and is a member of FINRA. The broker is also licensed by CySEC, ASIC and FCA.
The eToro mobile app is also free to download. This gives you the opportunity to trade cryptocurrencies on the go. eToro also hosts thousands of stocks and ETFs, as well as commodities and foreign exchange.
For those in the US, eToro is the best cryptocurrency exchange out there. This premium platform offers over 60 cryptocurrencies – all of which are paired with the US dollar. When trading your favorite cryptocurrency markets with eToro, you only pay the spread – starting at just 0.75% for Bitcoin and 1% for altcoins.
With an eToro account, you can buy Solana, Litecoin, XRP, Polkadot, Shiba Inu, Graph, the best meme coins, and more in the US and internationally.
There are no deposit fees when you fund your account in USD. This applies to PayPal, debit/credit card, Neteller, ACH, domestic bank transfer and all other supported payment methods.
At eToro, the minimum deposit requirement is just $10. This is also the minimum trading requirement – meaning you can invest in digital assets from as little as $10 or more. eToro will continue to offer one of the best crypto credit cards on the market in 2022.
2. DeFi Swap – Leading Decentralized Crypto Exchange with Useful Trading Features
One of the best DeFi exchanges to consider is DeFi Swap. DeFi Swap is a brand new decentralized exchange (DEX) hosted on Binance Smart Chain (BSC), offering a wide range of trading services that appeal to both novice and advanced investors. These services include token swaps, staking, and yield farming mechanisms, all accessible through DeFi Swap’s convenient browser-based platform.
Like other DEXs, DeFi Swap can be directly linked to many top crypto wallets, completely eliminating the need for a central intermediary. This sets DeFi Swap apart from other platforms on this list, meaning users don’t need to verify themselves or complete KYC checks. For specific wallet providers, DeFi Swap can be paired with MetaMask and WalletConnect – the whole process takes seconds.
Once linked, you can seamlessly swap one token for another using DeFi Swap. DeFi Swap supports over 50 of the best altcoins and stablecoins, including BNB, USDC, USDT, DAI, and more. You can also customize slippage tolerance and trade deadlines to suit your individual needs and risk tolerance.
In addition to swapping, DeFi Swap also offers staking and yield farming services. Both offer a way to generate income from your crypto assets, although the former requires you to lock up your tokens for a period of time. Finally, users who own DEFC (DeFi Swap’s native token) can even receive a passive income stream through the token’s innovative “static reward” system — which fits nicely with other services offered in this community-driven ecosystem.
3. Bitstamp – Cost-Effective Crypto Exchange with Great Trading Tools
If you are looking for the best crypto trading platform, our recommendation is Bitstamp. Launched in 2011, Bitstamp has grown from strength to strength, cementing itself as one of the most respected cryptocurrency exchanges in the industry. Users can invest in over 50 different cryptocurrencies with extremely low fees through Bitstamp.
These fees start at 0.50% per trade, but they drop to 0.25% once your monthly trading volume exceeds $10,000. UK users can fund their accounts with completely free ACH transfers. It is worth noting that withdrawals can also be made for free with this method.
Bitstamp also allows users to buy cryptocurrencies with their credit or debit cards. This requires a 5% transaction fee, although the process is ideal for beginners looking to avoid depositing cryptocurrencies or FIAT. The great thing is that Bitstamp has a minimum trade amount of just $10 for most FIAT-denominated pairs, and 0.0002 BTC for BTC-denominated pairs.
If you use the referral link on this site, you can also use the $20 Bitstamp sign-up bonus to build your portfolio.
Finally, Bitstamp’s trading platform is user-friendly, with a choice of two web-based platforms and a mobile app. Bitstamp.net is a beginner-friendly platform with a simple interface and user-friendly features, while Bitstamp Tradeview is tailored for experienced traders. Bitstamp Mobile is free to download on iOS or Android and offers biometric authentication and job type selection.
4. Coinbase – Best US Crypto Exchange for Beginners
Although Coinbase is expensive in most regions, the platform is one of the best cryptocurrency exchanges for newbies in the US. The exchange now serves over 70 million customers — many of whom prefer Coinbase for its simple and unencumbered investment platform. In fact, you can open an account in minutes and start investing in cryptocurrencies right away using your debit or credit card. This means you can buy XRP, Ethereum, and more in minutes.
The main downside here is that while you can get started quickly, it charges a 3.99% fee for debit/credit card transactions. Another option is to deposit funds via ACH – then pay a lower commission of 1.49% to complete your cryptocurrency purchase when the funds are deposited. However, this is still considered expensive compared to other exchanges in the space. If you’re wondering which is the best cryptocurrency exchange for beginners, you might also want to check out our eToro vs Coinbase review.
The Coinbase sign-up bonus rewards new users with $10 in free bitcoin.
Back to the front: Coinbase is one of the safest cryptocurrency exchanges out there. Some of the strongest security protocols include keeping the vast majority of customer digital funds in cold storage, verifying the identity of all new customers, and requiring every account holder to set up 2FA (two-factor authentication). Additionally, Coinbase has a fully operational security team working 24/7 to keep your account safe. If you are interested in crypto staking and lending, Coinbase is also a good yield farming crypto platform to consider in 2022.
So if you want to buy quants and other cryptocurrencies right now, you can trade the best altcoins on Coinbase easily and securely from your mobile device.
5. Binance – Lowest Fee Crypto Exchange for Commissions
If you’re looking for a cryptocurrency exchange with the lowest commissions, Binance is worth considering. This popular online exchange lets you trade cryptocurrency pairs like ETH/BTC for as little as 0.10% per slide. This means that a total bet of $100 will only cost you $0.10 in fees. On the Binance US website, you’ll find over 60 of the best DeFi tokens supported and all the top cryptocurrencies worth investing in.
We should note that if you want to buy cryptocurrencies with fiat currency, there will be additional fees. For example, while ACH and bank transfers are processed for free, you still pay a 0.5% commission on purchases. If you wish to deposit funds using Visa or MasterCard, you can add an additional 4.5% to this fee.
Therefore, Binance is an expensive option for those looking to trade cryptocurrencies with USD. Another thing about Binance is that, unlike eToro and Webull, the platform is not regulated by the SEC. In fact, Binance is not licensed in any jurisdiction – so the safety of your funds is at risk. To access your Binance account, you can use the main online website or download the iOS/Android app.
Binance is one of the largest cryptocurrency exchanges out there, which means you can buy Terra Luna, AAVE, and other popular new digital currencies with low transaction fees.
Besides offering cryptocurrencies, Binance is also an NFT marketplace where you can invest and buy the best NFTs.
6. Webull – One of the Best US Crypto Exchanges for Small Investments
If you are a beginner looking for the best altcoin exchange with a minimum account, Webull might be for you. This is because you only need to bet $1 when buying or selling cryptocurrencies here. This is the case no matter how many crypto assets are traded – which is especially handy for expensive tokens like Bitcoin and Ethereum.
Webull also has no minimum deposit requirements – all supported cryptocurrencies can be traded commission-free. This also applies to US-listed stock options, stocks and ETFs. Webull is great for beginners, although more advanced charting tools and technical data are also available.
Another thing we like about this SEC-regulated platform is that you can invest through a retirement account. Additionally, you can deposit funds into your Webull account for free via ACH. Please note that the wire transfer deposit fee is $8. That said, Webull also offers a wide range of educational guides – you can even trade from a demo account. Finally, consider downloading the free Webull app to trade cryptocurrencies on the go.
7. Huobi – Top Crypto Exchange for Savings Accounts
If you want to combine capital gains with regular income, Huobi is one of the best cryptocurrency exchanges for this purpose. This is because the exchange offers not only hundreds of crypto markets, but also crypto savings accounts that you can use to earn interest on your idle investments. For example, if you hold USDT and Bitcoin, you can earn up to 6.50% APY and 2.88% APY respectively. You can also learn about the best new cryptocurrencies that are currently trending; for example, you can buy Axie Infinity and Shiba Inu from the comfort of your home.
As far as the exchange itself is concerned, Huobi supports a variety of cryptocurrency tokens of all shapes and sizes. Here you can buy and sell digital tokens for as little as 0.26% per slide – even lower rates if you’re trading larger amounts. Huobi adopts a maker-taker pricing structure, so those who provide trading liquidity to the exchange will benefit from more competitive commissions.
8. FTX – Popular Crypto Derivatives Exchange
FTX is an all-in-one crypto exchange, NFT marketplace and crypto derivatives broker. The exchange has more than 60 cryptocurrencies for spot trading, making it a trading platform for everything from popular cryptocurrencies like Bitcoin to stablecoins and DeFi tokens.
A great feature of FTX is its low transaction fees. You only pay 0.10% to create liquidity on this exchange – this is before volume rebates, which can reduce maker fees to zero. Taker fees are also competitive, starting at 0.40% per transaction and going as low as 0.05%.
The most unique thing about FTX is that it allows you to trade crypto derivatives including options, swaps and futures. FTX makes it clear that these are advanced financial instruments, but there are many helpful videos explaining what these derivatives are and how to deal with them. Contract sizes as low as 0.01 BTC and 0.10 ETH make it easier for non-professional traders to manage FTX crypto derivatives.