September 2

Best Cryptocurrency Broker for USA 2021

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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.

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

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
Most Secure Broker
Gemini
Gemini

☑️ Gemini's security-first mindset means your funds are safe

☑️ Buy and sell more than 50+ cryptocurrencies

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

9.6
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

9.5
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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

9.3
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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

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Most Secure Broker: Gemini

Founded in 2014 by the Winklevoss twins, Gemini is the most secure crypto broker. It is regulated by the NYSDFS and enjoys FDIC protection for their USD. They have always focused on security as their top priority which makes them a popular broker where people trust their funds to be safe. Gemini offers ease of purchase; you can buy crypto directly using USD which can be deposited by ACH, Wire transfer or Debit card. They also have additional features such as Gemini EarnGemini PayGemini Wallet and Gemini Custody that make this a crypto broker worth using. You can buy and sell over 50+ cryptocurrencies on the desktop site or mobile app, at your convenience.

  • Security-first mindset means a heavy focus on regulation and compliance; your funds are extremely safe, with insurance cover
  • Offers 50+ cryptocurrencies that you can buy with USD and other popular fiat currencies using Bank transfer (ACH), Wire transfer or Debit card
  • Insurance cover against theft of cryptocurrencies
  • Free fiat withdrawals and ten free crypto withdrawals per month

Runner-up Best Broker: Coinbase

Coinbase is the biggest US cryptocurrency broker, offering over 70+ cryptocurrencies to its 68 million users. The features that make Coinbase one of the most popular brokers include a user-friendly platform, easy registration, multiple deposit options, and crime insurance cover against cybersecurity breaches. The fees on Coinbase are known to be higher than some competitors, but in return you receive ease of use, advanced security features and peace of mind with the insurance cover. 

  • Fees: 0.5% - 4.5% varies by type of transaction
  • Coinbase privately insures their own platform so your funds are safe in the event there is a hack
  • Offers access to more than 70+ 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 a US based cryptocurrency broker that has been established since 2011. Kraken offers many features including margin trading, futures trading, forex trading and staking. The low trading fees, user-friendly interface and top-level security measures ensure it remains one of the best crypto brokers in the world.

  • Low trading fees ranging from 0.00% - 0.26%
  • Access to over 50 cryptocurrencies and 7 fiat currencies
  • Live Chat support available 24/7
  • Additional features include futures trading, margin trading, forex trading, OTC desk
  • Deposit Methods: Bank transfer (ACH), Electronic Funds Transfer, Wire transfer, FedWire, Apple Pay, Google Pay, SWIFT, SEN

Best Broker for Altcoins: KuCoin

Kucoin has two defining qualities, their exceptionally wide range of cryptocurrencies (over 250+ altcoins) and their competitive trading fees (from 0.1%). They also have an interesting loyalty scheme that allows traders to reduce fees and earn interest when they use KuCoin's native cryptocurrency (KCS). KuCoin accepts payment in over 40 different fiat currencies, and has an easy sign-up process. Read our full review to learn more.

  • No need for full verification upon sign up, and low trading fees of 0.1% that can be discounted using KCS coin.
  • Deposit Methods: Bank transfer (ACH), PayPal, Interac e-Transfer
  • Over 250+ 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.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
Gemini
Coinbase
Coinmama
Kraken
Crypto Exchange
Crypto Exchange
eToro
Gemini
Coinbase
Coinmama
Kraken
Fiat Currencies
Fiat Currencies
USD
USD, AUD, CAD, EUR, GBP, SGD, HKD
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK & 10+ more
USD, EUR, AUD, CAD, GBP, JPY
USD, EUR, GBP, JPY, CAD, CHF, AUD
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 5+ more
BTC, ETH, BCH, DOGE, LTC, ZEC, ZRX, MKR, BAT, AAVE & 40+ more
BTC, ETH, ADA, DOGE, SOL, DOT & 70+ more
BTC, BCH, ETH, DOGE, ADA, LTC, XRP, XTZ, LINK, UNI
BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, BAT, ETC & 40+ more
Deposit Methods
Deposit Methods
Wire transfer, Online banking
Bank transfer (ACH), Debit card, Wire Transfer, Cryptocurrency
Bank transfer (ACH), Credit card, Debit card, Fedwire, PayPal, Apple Pay, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank transfer (ACH), Fedwire, SWIFT, Apple Pay, Google Pay, SEN, Cryptocurrency
Trading Fees
Trading Fees
Fees included in the spread
From 0.25% (maker) and 0.35% (taker)
0.5% + flat fee ($0.99 - $2.99) OR variable fee (1.49% - 3.99%)
2.86% - 3.90% (depending on loyalty level)
From 0.16% (maker) and 0.26% (taker)

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.

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