Best Cryptocurrency Broker for USA 2021

Best Cryptocurrency Broker for USA 2021

Daniel Chan

October 6, 2021

Cryptocurrency

Using a cryptocurrency broker is the simplest way to buy and sell crypto, including the most popular coins Bitcoin (BTC) and Ether (ETH). There are many different brokers available, and it can be hard to determine which is the best one to use. Important factors to consider include the range of coins, fees, deposit methods, and features, but the most crucial element in our opinion is security. This should be your number 1 concern if you are deciding on a new crypto broker to use. If your broker is not regulated and insured, then your entire investment is at risk. Investing in cryptocurrency is already risky due to extreme market volatility, so make sure you are not adding unnecessary risk on top. We have carefully selected the top crypto brokers in USA by focusing on security, so you can buy and sell with peace of mind. Here are our recommendations of the best crypto brokers:

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

☑️ Extremely safe exchange (Global brand and regulated in the US)

☑️ Supports 30 cryptocurrencies that you can buy with PayPal, debit card, credit card, online banking or wire transfer

☑️ Demo account provided so you can practise trading risk-free with $100,000 virtual money

9.8
Open AccountRead More
Most Secure Broker
Gemini
Gemini

☑️ Gemini's security-first mindset means users' funds are extremely secure

☑️ Supports 50+ cryptocurrencies including BTC, ETH, BCH, LTC & MATIC

☑️ Offers a huge number of options: Direct buying, Advanced ActiveTrader interface, Auction support, and Electronic block trades

9.6
Open AccountRead More
Wide Range of Assets
Uphold
Uphold

☑️ Supports 60+ cryptocurrencies, 27 fiat currencies and 4 precious metals

☑️ Trade from one asset to any other asset

☑️ Fees incorporated into spreads, which are quite reasonable compared to industry standards

9.5
Open AccountRead More
Runner-up for Beginners
Coinbase
Coinbase

☑️ Offers more than 70+ cryptocurrencies & over 10+ fiat currencies

☑️ Coinbase privately insures their own platform so users' funds are safe in the event of a cybersecurity breach

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

9.4
Open AccountRead More
Best for Speed & Ease
Coinmama
Coinmama

☑️ Allows customers to buy crypto instantly, with no need to pre-fund account

☑️ Various payment methods including debit/credit cards, wire transfers, Google Pay and Apple Pay

☑️ Serves 10 cryptocurrencies to over 2 million customers

9.3
Open AccountRead More
Low fees
Kraken
Kraken

☑️ Supports over 50+ cryptocurrencies with low trading fees (0.00% - 0.26%)

☑️ Offers futures trading, margin trading, forex trading, OTC desk and more

☑️ Deposit Methods: Bank transfer (ACH), FedWire, SWIFT, SEN, Apple Pay & Google Pay

9
Open AccountRead More
Best for Altcoins
KuCoin
KuCoin

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

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

☑️ Offers over 250+ cryptocurrencies & over 40 fiat currencies

8.8
Open AccountRead More

Best Crypto Broker for Beginners: eToro

eToro is a great broker for beginners and semi-serious investors. The process is as simple as depositing USD into your account and then selecting a cryptocurrency to buy. After your purchase you can view your assets in your portfolio tab, where you can track value changes and sell when you like. This simple system makes it ideal for those who want to buy a small range of cryptos and hold them as a long term strategy. However eToro is not ideal if you want to do serious day-trading as it has limited coins and high spreads. If you want 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 where you can copy popular traders move-for-move, automating your investment strategy. The community at eToro also adds a lot of value, your news feed will be full of interesting posts from different traders who are sharing their observations and predictions on market movements.

eToro is a multinational brand, and is regulated in the USA, so you can trust that your funds will be handled with a high level of security. You can also use eToro's Demo account to test your trading decisions with $100,000 of virtual money, meaning you can learn how to trade completely risk-free. I recommend eToro to anyone who is new to crypto investing, or wants to buy and HODL their digital assets. For experienced traders, eToro is probably not the best option for you.

  • Buy 30 different cryptocurrencies using credit/debit card, bank transfer, PayPal or wire transfer
  • Demo account where you can trade risk-free with $100,000 virtual money
  • Global brand that is regulated in the US
  • Social Trading allows users to interact with others and even copy their trades automatically

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

Gemini was founded in 2014 by the Winklevoss twins with a focus on security first. It is regulated by the NYSDFS and enjoys FDIC protection for their USD. Gemini upholds the highest standards of security and operational compliance, having completed SOC 1 Type 1 & Type 2, and SOC 2 Type 1 & Type 2 examinations, and earning the ISO 27001 certification. Gemini is the world’s first cryptocurrency custodian and broker to demonstrate this standard of financial operations and security compliance, and has never been hacked, making it the most secure crypto broker in USA.

Gemini is a popular crypto broker because it offers ease of purchase; you can buy crypto directly using USD which can be deposited by ACH, Wire transfer or Debit card. There are also many additional features such as Gemini EarnGemini PayGemini Wallet and Gemini Custody that make this a 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

Related articles: Gemini vs CoinbaseGemini vs Kraken

Broker with Wide Range of Asset Classes: Uphold

Uphold is a broker established in 2015 not just for the cryptocurrency market, but also offering trading in precious metals and forex. Uphold is an excellent choice for traders that want to diversify their investment portfolio beyond only crypto. Their platform supports over 60+ cryptocurrencies, 27 fiat currencies and 4 precious metals (gold, silver, platinum and palladium), and a feature to trade from one asset to any other asset you like. To give an example, you can conveniently buy Cardano using your Ether or trade your Bitcoin for Gold.

Uphold is not just a broker, it also provides customers access to financial services that are not available from a bank. You can use Uphold to receive payments from your employer in any currency, fiat or digital, or even a combination of currencies, for example 60% USD, 25% Euro and 15% Bitcoin. Sending money to your friends and family across the globe is also easy, instant and free, using your choice of any fiat or cryptocurrency. Uphold even has a Debit card that can be used at nearly 50 million merchants and ATMs globally, with no foreign transaction fees. Users earn 1% Cash Back in USD on any USD-sourced purchases and 2% back in the crypto used for every purchase with the Uphold Debit card. 

Uphold includes their trading fees in spreads as opposed to a separate commission fee. Spreads vary based on the coin, and they are quite reasonable (eg: Bitcoin and Ethereum spreads are only 0.8% - 1.2%). Uphold is a great choice for those that want to invest in cryptocurrency, and also get their feet wet with other investment instruments. 

  • Over 60+ different coins available to buy and sell
  • Access other investment assets such as foreign exchange and precious metals
  • Trading fees are included in the spreads, which are quite reasonable compared to industry standards 
  • Debit card so you can spend your crypto, commodities or cash

Uphold Disclaimer: Assets available on Uphold are different per region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.

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 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. Selling crypto is just as easy, even if you bought it on a different exchange, and the payment goes straight into your bank account. Coinmama is a very safe broker, as it doesn't holds users' funds nor does it keep any payment information. You always have complete control of your cryptocurrency and fiat assets when you use Coinmama, as they are a non-custodial broker

Coinmama does have wider spreads as well as high buy fees (from 3.81%) and they are limited to only 10 different cryptocurrencies. We place Coinmama in fifth place because of their speed and simplicity, but their fees and lack of a mobile app lets it down.

  • Payment options for five different fiat currencies
  • Serves 10 cryptocurrencies to over 2 million customers.
  • Non-custodial platform so you remain in control of all your funds all the time, and no withdrawal fees
  • Deposit Methods: Credit card, Debit card, Bank transfer (SEPA), SWIFT, Fedwire, Apple Pay, Google Pay

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

Here in the US, the government generally has stricter regulations than many other countries. This means that we have access to fewer services, and we need to jump through more hoops (sometimes involving identity verification) before we can buy crypto. At face value, it seems annoying but it's actually in place to protect us, since there are a lot of predatory 'investment' instruments out there that will part you from your money. The tight regulations in USA save us billions of dollars in fraud each year.

All the crypto brokers listed above have gone through the necessary regulatory processes and follow all the strict guidelines. This is why we are happy to recommend them, and we have similar recommendations for those looking for the best crypto exchanges in the US. Keep in mind that these regulations also exist at a state level, so check with each broker about their state level laws, some brokers do not operate in all US states.

Comparison Table of the Best Crypto Brokers in the USA

eToro
Gemini
Uphold
Coinbase
Coinmama
Kraken
Crypto Exchange
Crypto Exchange
eToro
Gemini
Uphold
Coinbase
Coinmama
Kraken
Fiat Currencies
Fiat Currencies
USD
USD, AUD, CAD, EUR, GBP, SGD, HKD
USD, GBP, EUR, CHF, AUD, JPY & 21 more
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 & 20+ more
BTC, ETH, BCH, DOGE, LTC, ZEC, ZRX, MKR, BAT, AAVE & 40+ more
BTC, ETH, ADA, DOGE, COMP, DOT & 50+ 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
PayPal, Debit card, Credit card, Wire transfer, Online banking
Bank transfer (ACH), Debit card, Wire Transfer, Cryptocurrency
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, 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)
Fees included in the spread
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)

What's the difference between a crypto 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.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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