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3 BEST Crypto Exchanges For US Investors in 4 Minutes - YouTube
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Hi, I’m Zak — a publisher at Finder specializing
in crypto — and today we’re breaking down
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our picks for the three best crypto
exchanges on the market right now.
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Spoiler alert, tho: For you folks constantly on the
go, we’ve included a mobile exchange too.
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Sounds good? Let’s dive in.
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Coinbase is a household name at this
point and there’s a good reason why.
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Buying crypto through Coinbase
can be as easy as 1, 2, 3:
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1. Sign up with an email — and have
some proof of identification on hand.
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2. Verify your email and identification.
3. Add a payment method and start buying crypto.
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But you’re here for specifics, right? Here’s
our top praises and complaints about Coinbase:
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Coinbase has a clean app and
browser experience, and it has tons
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of added features available through Coinbase Pro.
Coinbase also allows instant purchases which help prevent
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market slippage — as in, you get exactly what you pay for.
And Coinbase has a strong history of safety.
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It's been around since 2012 and reportedly
keeps 98% of its crypto offline in cold storage.
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But Coinbase isn't perfect.
Fees are a major complaint.
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There are definitely cheaper exchanges,
but Coinbase doesn’t price gouge.
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And Coinbase has a pretty limited crypto selection.
Although Coinbase does adds new cryptos frequently,
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it's often slow to add brand new coins to the market
and not all coins are available on Coinbase US.
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Overall, I tend to recommend Coinbase to my friends
and family who are looking to get started in crypto,
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as the pros absolutely outweigh the cons.
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However, if you’re a crypto user who is looking to trade
lots of different coins frequently
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— I'm talking like day trader levels here — I’d
recommend our next pick, Crypto.com.
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Crypto.com has only been in the exchange game for a
few years, but it's made a name for itself,
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particularly with its prepaid Visa card that
allows you to spend crypto and earn rewards.
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But it's on this list for other reasons, specifically
for those folks who want to trade crypto on their phone:
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Crypto.com has pretty low fees.
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Maker/taker fees start at 0.16% the last
time we checked, which is, honestly,
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pretty good but not the best.
It also offers a wide range of cryptocurrencies.
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And although some restrictions apply, for US users,
typically you'll have access to about 90 cryptocurrencies,
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depending on what state you live in.
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And you can earn interest - Crypto.com’s native token,
CRO, can earn interest for you while it's staked on the platform.
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But Crypto.com isn't perfect.
It has a pretty counter-intuitive platform.
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Let's not mince words here - Crypto.com’s platform needs
some work, nothing is quite where you expect it to be.
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US residents will be slightly limited -
International folks have a lot more options when using the platform.
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like access to more cryptos than
us folks trading here in the States.
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And lastly, its customer service and education
features are pretty lacking.
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Overall, - Crypto.com isn’t a place
to learn about crypto
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or learn what you're doing
— it’s a pretty much a place to trade, trade, trade
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So if you want to trade lots of coins, frequently,
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while lying in bed or on your morning commute?
Crypto.com is probably the right choice for you.
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Binance is a powerhouse of an exchange
that would probably be number one on our list,
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IF, we had access to the global version here
in the United States.
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But we have Binance.US,
a slightly less powerful version
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that still manages to come in at number 3.
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Binance US is great for large purchases.
Buying a lot of BTC during a dip?
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Binance US offers over-the-counter trades at a lower cost
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It also has competitive fees.
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Binance US offers some of the lowest fees in the
market, we’re talking 0.1% maker/taker fees here.
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But these pros come with cons.
Binance US has a Strict KYC/AML
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Which means you might be waiting a while
after you sign up for your account to be verified
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It also has limited crypto-to-crypto pairs.
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So although you can buy a lot of cryptocurrencies with fiat,
and you can sell those crypto for fiat,
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The inner crypto-to-crypto trading is pretty limited
in Binance US.
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It's also not available in every state.
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New York, Texas, Hawaii and a handful
of other states can't access the exchange.
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Binance US is an overall solid choice,
but are you still on the fence about it?
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We’ve written up an entire guide to help you choose between
Binance US, Coinbase, Robinhood, Coinmama, KuCoin, Crypto.com,
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and a handful of other exchanges. We break down
choices for beginners and advanced traders alike,
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so head over to our guide — which is linked
below — to find the right fit for you.
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As always, we appreciate any
comments — also don’t forget
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