With the recent collapse of exchanges like FTX and Celsius, it’s more important than ever for investors to use exchanges that focus on security and customer protection. In addition to protecting user funds, Coinbase actively prevents users from sending cryptocurrency to known scam addresses, providing newer traders with an extra layer of protection. Importantly, Coinbase has never suffered from a major cryptocurrency hack and has a strong security record. Coinbase is the most popular and successful cryptocurrency exchange based in the United States, and offers an extremely user-friendly UI and trading experience. Quick Look: Best U.S. Below, you’ll find 5 of the best exchanges based on factors like security, low fees, and customer protection. Our team of experts took time to analyze the best options on the market for crypto investors.

In order to meet your tax reporting requirements as a US-based crypto trader or investor, it’s important to keep a detailed record of your capital gains, losses, and income. Create a free CoinLedger account today. Interested in getting started? CoinLedger is the leading cryptocurrency tax software platform that streamlines the process of collecting crypto trading information for tax reporting, making it easy to quickly import entire trading histories from blockchains and exchanges automatically. You’ll be able to calculate your crypto taxes in minutes! By integrating directly with all major exchanges, CoinLedger automatically generates your necessary tax forms from your crypto investing activity in a few simple clicks, reducing administrative friction and ensuring accurate crypto tax reporting.

Gemini is currently the custodian of over 1 percent of the world’s total Bitcoin volume, and is subject to New York banking law – making it the most secure option for US-based crypto traders. Gemini offers more than 90 supported cryptocurrencies including BTC, ETH, and SOL. Gemini’s fees for makers range between 0.00 – 0.25%. Fees for takers range between 0.03% – 0.35%. The more crypto you are buying/selling, the lower your fees. Gemini enforces stringent ID verification requirements, demanding government-issued photo ID, address verification with a utility bill less than 90 days old, and a selfie image.

What are the best crypto exchanges in the world? Here’s a list of the best crypto exchanges for you – no matter where you’re located. Not based in the United States? Check out our guide to the best crypto news sites. What are the best crypto websites? The evolving cryptocurrency regulation ecosystem in the United States has created a market in which US traders are provided with benefits. Once you’ve found the right exchange, you should find a site to help you stay-up-to-date on the latest crypto news!

The services provided to US traders by Kraken include all of the trading options made available to international traders, with the exception of EUR trading pairs or deposits for residents of New Hampshire or Texas. Why are some crypto exchanges not available in the United States? Kraken requires government-issued ID. Kraken offers support for more than 185 cryptocurrencies including BTC, ETH, and ADA. Address verification for US-based traders. Kraken trading fees range between 0.16% and 0.26% for traders with less than $50,000 in monthly trade volume.