He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers. Additionally, trading crypto CFDs allows traders to make large trades with small amounts of capital by using leverage.

What fees should you focus on when choosing the broker?

There are hundreds of crypto exchanges in the US, so the real challenge is figuring out which one to use. The key is finding a platform that’s secure and legit—nobody wants to deal with scams or hacks. Trading and holding Bitcoin and cryptocurrencies are taxable assets under the US Federal laws. Any sale of cryptocurrencies is considered a capital gains event and the profit or loss must be declared as part of an individual or company tax return.

Choosing the right crypto trading platform in the US isn’t just about finding the lowest fees—it’s about gaining confidence and clarity in every trade. Binance.US provides robust customer support and various trading incentives, including lower fees for high-volume traders and users who hold its native token, Binance Coin (BNB). It emphasizes security through multi-layered security protocols and extensive use of cold storage to safeguard user assets. Coinmama is perfect for anyone looking buy cryptocurrency instantly from a broker, with no depositing beforehand. Any crypto you purchase is paid for at the time of sale, and the digital assets are sent direct to your personal wallet.

• EToro is the best online broker for social crypto investing, while investors who prefer to use crypto ETFs will find that Fidelity brings them the best platform experience.
• Nic Puckrin, an industry analyst and founder of Coin Bureau, also pointed to Coinbase and Kraken as strong options for US-based users.
• However, due to the lack of a simple or lite mode, MEXC could be somewhat tricky to get acquainted with.
• You can reach customer support via chat, email and phone, as well as learn from Coinbase’s blog and crypto guides.

Q: Which US crypto platform has the lowest fees?

The market itself is pretty dynamic, which is why 50K has integrated a robust Market Radar, informing crypto traders of the latest developments and currently unfolding trading setups. From our hands-on test, Exness offers its proprietary Trading Terminal platform, as well as MetaTrader 4 and MetaTrader 5. The broker provides multiple deposit and withdrawal methods, including bank transfers, cryptocurrencies, credit cards, and e-wallets. On top of its industry leading overall offering, Fidelity’s history as a crypto-friendly broker dates back to 2014, when the company started mining crypto. Fidelity then launched Fidelity Digital Assets, its institutional crypto custody and trading platform, in 2018. Remaining true to its strengths as a top platform for long-term investors, the broker also gives customers the ability to use its Digital Assets Account (DDA) to invest in crypto in 401(k)s.

What is the difference between a crypto broker and a crypto exchange?

If not, you may want to turn to a cryptocurrency exchange, since they offer more choice of tradable cryptocurrencies. You can use a site like CoinMarketCap that will show you best cryptocurrency brokers the 24-hour trading volume for various crypto exchanges. No, the cryptocurrencies available can differ greatly from one exchange to the next. Some platforms will only support as few as ten coins while others offer over 300.

However, FinCEN registration isn’t a license and doesn’t offer investor protection. Trading fees on Bitfinex are higher than the other exchanges on our list, with spot transactions priced at 0.1% and 0.2% (maker/taker). The story is similar for derivatives, with the exchange sharing a maker/taker fee of 0.02% and 0.0650%. With some, you may be able to make an account and buy and sell small amounts of crypto without verifying your identity or submitting much sensitive information. To open a crypto exchange account, visit the exchange’s website or download its app.

Compare Available Cryptocurrencies by Exchange

An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Check out my guide to the Best Bitcoin ETF Brokers to learn more about this exchange-traded product. Now nearly 16 years old, Bitcoin continues to grow and mature as an alternative asset and is considered by many to be like a digital version of gold. After rocketing up to $18,000+ per coin in 2017, bitcoin retreated in price, then surged back to record price highs above $100,000 in late 2024. A screenshot of the Gemini app showing the price chart of BTC/USD on the trade ticket, along with the option to view the current order book.

• With a spread of 0.2 pips, the net cost of the trade reached 0.7 pips, which is better than the $8 industry average for ECN accounts.
• A negative aspect of the KuCoin crypto exchange is that it’s not licensed in the United States.
• Centralized exchanges are typically better suited for first-time crypto investors than decentralized exchanges.
• With Kraken, you can trade over 400 coins, which is a large selection compared to most crypto exchanges.
• Crypto trading on eToro is not available in New York, Nevada and Hawaii.

Meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have become popular among US traders. These coins are available on various regulated platforms like Binance.US, Coinbase, Kraken, and Crypto.com. Always choose regulated platforms with transparent fees and robust security measures when trading meme coins.

Best Crypto Broker for Beginners: eToro

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Nic Puckrin, an industry analyst and founder of Coin Bureau, also pointed to Coinbase and Kraken as strong options for US-based users. Well-known platforms like Coinbase, Kraken and Strike are all good options because they offer a “good balance of private property rights, usability, and legal accountability,” he added. “A good platform should have a clean, intuitive interface, strong regulatory compliance, and robust security protocols,” Earle said. Download a trusted exchange app — Start by choosing a licensed crypto exchange. We recommend starting with the Best Wallet app, available for both iOS and Android. Cryptocurrency traders have more options than ever before to buy and sell tokens – but experts advise doing careful research before making a selection.

Headquartered in Japan, bitFlyer serves over 2.5 million customers worldwide. It’s a solid choice for beginners who are primarily interested in trading a handful of major cryptocurrencies. Some downfalls of the platform are its limited coin selection topped with high spreads on instant trade and lack of live customer support should you run into any immediate issues. The platform offers a limited selection of tradable coins, and a not-so-transparent fee schedule.

Charting is limited to five indicators, but the adaptive order ticket with side-depth chart adds precision. Ever since I placed my first bitcoin trade on a smartphone in 2017, I’ve put many mobile apps to the test, placing thousands of crypto trades across iOS and Android apps. Whether you want a simple way to buy and hold bitcoin and top altcoins, or you need pro-level tools, the top crypto apps often mirror their web-platform siblings.

Our research found that Capital.com offers the most cryptocurrency pairs to trade, followed by Eightcap and then eToro. After eToro, other crypto brokers that offer the underlying crypto assets include Swissquote and Interactive Brokers. Together, these exchanges secure hundreds of billions in client assets and serve hundreds of millions of users worldwide. If you’d rather access crypto through a regulated broker, platforms such as eToro, Swissquote, Interactive Brokers, and OANDA also offer underlying crypto exposure with robust compliance. Ultimately, the safest app to buy crypto is the one you lock down with best practices and understand inside out. Picking the right crypto exchange is important because it keeps money safe, is easy to use, and doesn’t charge too much.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Apps like Kraken, Coinbase, Binance and Best Wallet all offer meme coins on their platforms.

She has more than 12 years of writing experience, focused on technology, travel, family and finance. Her work has been published in Benzinga, Hearst Bay Area, FreightWaves and Dallas Observer publications. Only legitimate brokers that are supervised by at least one internationally renowned regulator are recommended by Investing.com. Regulated by top-tier authorities including the FCA, CySEC, ASIC, SCA, and SCB, Capital.com maintains high standards of security and transparency.