February 17

Best Cryptocurrency Broker for USA 2021

0  comments

For some reason most advice around where to buy crypto does not include safety, this should be the number 1 concern. If your broker is not regulated and insured then your entire investment is at risk, you're already risking your money considering the volatility of the market why add an additional risk on top. For that reason we choose our cryptocurrency brokers carefully, they have all scored very high in the security category.

ImageProductFeaturesPrice
Best for Beginners
eToro
eToro

☑️ Easily deposit USD and instantly buy cryptocurrencies. Designed to be easy.

☑️ Serves 15 cryptocurrencies that you can buy with credit card, bank transfer or PayPal.

☑️ Offers helpful demo account training feature (use mock money)

9.8
Open AccountRead More
Runner-up for Beginners
Coinbase
Coinbase

☑️ Fees: 0.5% - 4.5% varies by type of transaction

☑️ Offers access to more than 30 cryptocurrencies.

☑️Deposit Methods: Bank transfer (ACH), Credit card, Debit card, Bank transfer (SEPA), Wire transfer

9.3
Open AccountRead More
Best for Speed & Ease
Coinmama
Coinmama

☑️Allows customers to buy bitcoin directly from them quickly and easily

☑️Various payment methods including debit and credit cards or wire transfers

☑️Serves 10 cryptocurrencies to over 2 million customers.

9.5
Open AccountRead More
Low fees
Kraken
Kraken

☑️ Offers over 50 cryptocurrencies and low fees (0-0.26%)

☑️ Offers dark pools, margin trading, an OTC desk and more

☑️ Deposit Methods: Bank transfer (ACH),FedWire, SWIFT, SEN

9
Open AccountRead More
Best for Altcoins
KuCoin
KuCoin

☑️ Fees as low as 0.1% + loyalty scheme which earns you their native cryptocurrency (KCS)

☑️ Deposit Methods: Bank transfer (ACH), PayPal, Interac e-Transfer

☑️ Offers over 200 cryptocurrencies & over 40 fiat currencies

8.8
Open AccountRead More

Best Crypto Broker for Beginners: eToro

eToro is a great broker for beginners & semi serious investors. The process is as simple as depositing your USD into your account and then choose which cryptocurrency you want to buy. After your purchase you can view your assets in your portfolio tab, from there you can track value changes and sell when you want. This simple system makes it ideal for people who want to buy a small range of cryptos and hold them for a long term strategy. eToro, however is not ideal if you want to do serious day trading due to limited number of pairs and real time data. If you would like to dabble in some recreational trading then etoro is a good option, but when it comes time to scale your trades there are better options.

eToro does have a cool feature that allows you to copy popular traders move-for-move which means you can automate your investment strategy. The community at eToro also adds a lot of value, your newsfeed will be full of interesting posts from different traders who are sharing their observations and predictions on market movements.

Your funds will enjoy a high level of security with eToro, not only are they regulated in the US but they are multinational brand. eToro's fees vary depending on the asset but they're generally pretty competitive. eToro offer a demo account where you can test your trading decisions with fake money first, this is a nice feature. I recommend eToro to anyone who is new to crypto/investing, or wants to just buy and hold some assets. If you're an experienced trader then eToro is probably not best option for you.

  • Easily deposit USD and instantly buy cryptocurrencies. Designed to be easy.
  • Use the copy trade filter system to find investors' portfolio to copy. You can match the portfolios that suit your ideal return on investment, risk tolerance and the number of copiers.
  • Serves 14 cryptocurrencies that you can buy with credit card, bank transfer or PayPal.
  • Helpful demo account training feature

Runner-up Best Broker: Coinbase

Coinbase is the biggest cryptocurrency exchange based in the US, offering more than 30 cryptocurrencies to their users. On the plus side they offer their users an easy to navigate platform, a quick registration process, multiple deposit options and a low account minimum ($2). Coinbase fees are known to be confusing and higher than some competitors but still quite reasonable. For experienced traders, Coinbase offers advanced security features, great customer service high volume trading.

  • Fees: 0.5% - 4.5% varies by type of transaction
  • Account minimum: $2
  • Offers access to more than 30 cryptocurrencies.
  • Deposit Methods: Bank transfer (ACH), Credit card, Debit card, Bank transfer (SEPA), Wire transfer
  • Designed to make crypto purchasing as easy as possible

Best Broker for Speed & Ease: Coinmama

Coinmama is ideal for those who want to buy bitcoin quickly and easily. They do charge a high fee (5.5%) but have no withdrawal fee which is good. They offer all the most popular cryptocurrencies and have hundreds of thousands of happy customers all over the world. We placed Coinmama in third place because of their speed and ease, although their fees and lack of app is a little disappointing.

Best Broker for Low Fees: Kraken

Kraken is one of the oldest US based cryptocurrency exchange available today,  they offer a range of different services including excahnge, OTC, anonymous trading & more. For the last 10 years Kraken has been growing in popularity due mainly to their excellent safety features, range of services and competitive fees.

  • Reduced marker fees & volume-based fee tiers.
  • Offers customers access to over 50 cryptocurrencies.
  • Trading fees ranging from 0-0.26%
  • Offers dark pools, margin trading, an OTC desk and more
  • Deposit Methods: Bank transfer (ACH), Electronic Funds Transfer,Wire transfer,FedWire, SWIFT, SEN

Best Broker for Altcoins: KuCoin

Kucoin has two defining qualities, their exceptionally wide range of cryptocurrencies (over 200 altcoin) and their competitive fees (from 0.1%). They also have an interesting loyalty scheme that allows traders to reduce fees and earn KuCoin's own native cryptocurrency (called KuCoin Shares). KuCoin offer customers the ability to deposit in over 40 different fiat currencies too. Read our full review to learn more.

  • No verification required upon sign up and no deposit fees. They have varying withdrawal fees.
  • Deposit Methods: Bank transfer (ACH), PayPal, Interac e-Transfer
  • Over 200 different coins against both ETH and BTC trading pairs and over 40 fiat currencies.

Because you live in the USA

The government here in the US generally has stricter regulations than others. This means we need to jump through a few more hoops and have access to less services. At first you might think this annoying but its actually there to protect us, there are a lot of predatory 'investment' instruments out there that will part you from your money so the regulations tend to save us billions in fraud each year.

Above you can find all the brokers that went through the regulatory process and follow all the guidelines. This is why we are happy to recommend them, we also have similar recommendations for those in search of crypto exchanges in the US. These regulations also exist at a state level so check with each broker about the state level laws, some brokers do not operate in some states.

The difference between a cryptocurrency broker and an exchange

  • A cryptocurrency broker is an individual or an entity that acts as the middle man between the cryptocurrency markets and their customer to facilitate buying and selling of cryptocurrencies
  • Cryptocurrency brokers offer buying and selling of cryptocurrencies at prices set by them.
  • A cryptocurrency exchange provides an online platform for buyers and sellers who trade cryptocurrencies between each other based on current market prices, they make money by charging trading fees.

To read about our privacy policy information click here.


Tags


You may also like

eToro Australia Review 2021 – How is it different?

Best Forex Brokers Canada in 2021

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
>