Cryptocurrencies becoming famous day by day, and the impact of this is the numerous increases in cryptocurrency exchanges platform in the USA. Cryptocurrency exchanges are the simplest method for buying and selling digital currencies and make an exchange them for fiat currencies such as the USA Dollar & the Indian Rupee (INR). Cryptocurrency projects are increasing rapidly across the globe, more than 25,000 projects are present. If we talk about users that have reached around 300 million out of this 25% are from the U.S.A.
Below is some important Crypto exchange manifesto that you can use for exchange purposes.
Engage with U.S oldest crypto exchange i.e Kraken, established in 2011. Here you will get massive numbers of coins with very impressive trading costs or fees. The best part of this platform is that it allows margin trading, just like other professional trading tools like advanced order types & futures trading.
This exchange has two trading options: Kraken & Kraken Pro. Although the basic Kraken tool doesn’t allow low fees, on the other hand, advanced customers can get huge volume discounts and minimize their costs by trading on Kraken Pro.
Pros & Cons
✔ Premium elements are available on Kraken Pro, like margin trading and staking.
✔ Excellent customer support options, that include a chatbot & phone support.
✔ Comparatively low Bitcoin (BTC) withdrawal fees.
✔ Share a broad range of teaching material on cryptocurrency.
✖ Not work in all 50 states.
✖ Kraken accepts a narrow fiat currency.
✖ Many users raised complaints regarding hacked accounts.
Gemini is one of the popular platforms for crypto exchange. Users of any level can use this trading platform easily. This platform is enclosed with scores of features, like its own unique Gemini Earn program for obtaining interest on crypto holdings & Gemini credit cards. Gemini is easily available in all 50 states.
Pros & Cons
✔ Easiest, inbuilt UI (user interface).
✔ Present in all 50 states, including New York.
✔ Investors can earn crypto rewards with the Gemini Credit Card
✖ Complex fee structure when not patch trading.
✖ Little customer service solution.
✖ Few of the popular coins aren’t available, such as Cardano (ADA).
Choose a high & good range of cryptocurrencies from Crypto.com, a stock with more than 250. Get unique perks & crypto rewards only for Crypto.com visa card holders.
Crypto.com provides lots of advantages like utility token Cronos (CRO) to pay the payment on the platform and collector other sake
Pros & Cons
✔ Discounts fee is available on trading for those who carry high volume balances in CRO.
✔ Receive a massive amount of cash back as 8% on Crypto.com
✔ Traders can obtain margin trading
✔ High cybersecurity ratings.
✖ Traders with minimum volume trading have to pay higher trading fees.
One more money-making platform where you can obtain lots of coins, KuCoin allows you access to a wide library of altcoins at low charges.
The KuCoin is headquartered in Seychelles, with a booming number of users in Asia, Europe, the Middle East, and Africa. Besides that U.S. users can register and use this trading platform, till now KuCoin has no license in the U.S.
Pros & Cons
✔ Wide range of tradable cryptocurrencies.
✔ Aggressive trading fees.
✔ Discounts on high volume trade.
✔ Allow trading on margin trading & futures trading.
✔ Accepts all credit and debit cards.
✖ KuCoin is not licensed in the U.S.
✖ Security issue for kept funds on KuCoin.