March 17

Crypto exchanges that accept USD in 2021

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Not all cryptocurrency exchanges accept fiat currencies (USD, GBP, EUR ect), so if you want to buy bitcoin or other cryptos using USD then make sure you use a broker or exchange that accepts USD as a deposit method. Luckily for you, I have made a list of the top exchanges here:

Best for beginners: eToro

We choose eToro as #1 because they made it so easy to buy crypto from USD, we even made a guide on how to buy bitcoin with etoro. Its simple, you create an account, verify your identity, deposit funds (etoro only accepts USD) and then choose from 14 different cryptocurrencies (BTC, ETH & all the most popular). The fees for etoro are built into the spread meaning its a what you see is what you get situation which is perfect for beginners. eToro are a highly regulated global brand which makes them super trustworthy, I feel confident leaving my funds in my etoro account.

  • Allows you to copy popular traders move-for-move.
  • Supports 14 cryptocurrencies.
  • Deposit Method: Bank transfer (ACH), debit/credit cards & PayPal
  • Offers free demo accounts.

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 Exchange: Gemini Crypto Exchange

Based in New York, Gemini is an extremely secure exchange regulated by the NYSDFS, with FDIC protection for their USD; you can trust your funds are safe with Gemini. Like eToro, you can simply deposit your USD and begin buying and selling cryptocurrencies. Gemini offers two interfaces that can be switched easily, a simple version for beginners and a more advanced one for more experienced traders. If you want to buy and sell different coins regularly, then Gemini is a better option than eToro, but if you want to take trading seriously, Kraken and Kucoin are better options.

  • Security-first mindset means a heavy focus on regulation and compliance; your funds are extremely safe, with insurance cover
  • Buy, sell and trade over 50+ cryptocurrencies
  • Offers a huge number of options: Direct buying, Advanced ActiveTrader interface, Auction support, and Electronic block trades
  • High liquidity due to a large customer base

Offers Most Altcoins: KuCoin Cryptocurrency Exchange

Kucoin is a bit of a dark horse, they are not a US based exchange which means they can operate with less regulation, and users only need partial verification to use their account. KuCoin supports over 250+ altcoins with low trading fees of 0.1%, in addition to advanced tools and features like free access to trading bots, crypto lending service, P2P marketplace and much more. You can purchase crypto directly on their platform using a credit or debit card.

  • No need for full verification upon sign-up, and low trading fees of 0.1% that can be discounted using KCS coin
  • Access a wide range of services including free trading bots, crypto lending and borrowing, P2P marketplace and more
  • Over 250+ different coins against both ETH and BTC trading pairs and over 40 fiat currencies.

Best for Low Fees: Kraken Cryptocurrency Exchange

Kraken shares some similarities to Kucoin with its features, except Kraken is based in the USA and is regulated by FinCEN. Kraken offers 50+ different cryptocurrencies, 7 fiat currencies, and a range of services including staking, margin trading, futures trading and OTC desk. They have low trading fees starting from 0.16% maker fee and 0.26% taker fee, and although not quite as low as KuCoin, it is highly competitive compared to other US exchanges. Kraken is easy for beginners to use, with the instant buy/sell feature, and it also has serious tools for the experienced crypto trader. 

  • 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

Runner up for Beginners: Coinbase Digital Currency Exchange

Coinbase is the largest US based crypto exchange, targeting their platform towards beginners by providing an easy-to-use dashboard. They have higher fees compared to their competitors but in exchange provide excellent security and crime insurance cover. Coinbase offers a similar service to eToro but without the social trading aspect; it does however, support 70+ cryptocurrencies, many more than eToro does.

  • 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 for USD: Coinmama Cryptocurrency Marketplace

Coinmama is another platform aimed towards ease of use, they are more of a broker so you buy crypto directly from them. If your strategy is to buy and hold then they are a good choice, if you want to dabble in trading then I wouldn't recommend them because each conversion goes back to your fiat currency of choice. Coinmama do charge a high fee (5.5%) and deposit fees can add up too. We placed Coinmama in 6th place because of their speed and ease, although their fees and lack of app is a little disappointing.

  • Coinmama supports payment options for five different fiat currencies.
  • Supports 2 million customers and 10 cryptocurrencies
  • No withdrawal fee
  • Deposit Methods: Credit card, Debit card, Bank transfer (SEPA), SWIFT, Wire transfer

Do I get charged a fee for depositing USD into a crypto exchange?

In most cases no, although a few exchanges do charge a fee (Kraken charge a flat fee of $5), your bank however might charge a transfer fee.

How to the fees get charged when I covert my USD into crypto?

Every exchange has a different fee structure, most charge a percentage fee (for example KuCoin charges a 0.1% fee), some brokers like eToro build their fees into the spread, the spread is the difference between the buy and sell price. So basically when you buy with eToro you pay a fraction more than the market average and when you sell its a fraction less. This is great for beginners because it creates a what you see is what you get scenario.

What are stable coins like USDT?

Stable coins are technically cryptocurrencies but they are pegged to the US dollar, meaning they track the value of the USD. Its easier to think of these as USD because they essentially are. Your stable coin will always be the same value as a US dollar except for minor fluctuations.

Is converting my crypto back into USD a problem?

No, every exchange that allows you deposit will allow you to withdraw, exchanges like eToro make this process very easy, after buying a particular cryptocurrency it appears in your portfolio page with a 'sell' button beside it, by clicking this and choosing the amount you want to sell, it gets instantly converted into USD.


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