Best Crypto Trading Platforms: Top 10 Reviews (+free trading tips)

Best crypto trading platforms

The best trading platforms in the USA have these three important advantages provided by crypto trading. The first and most critical is strong security, which includes two-factor authentication, cold storage, and integrated secure wallets. The second requirement is a user-friendly website and platform. Third, they enable trading in a range of cryptocurrencies such as bitcoin and ethereum.
In our evaluation and ranking of the best cryptocurrency platforms, we concentrated on traditional exchanges located and regulated in the United States, as well as incumbent online brokers in the United States that are expanding to offer bitcoin trading in addition to regular stock trading (such as buying shares of Apple or Google)

Best Crypto Trading Platforms

  • Coinbase is the best overall.
  • Binance is the best trading platform.
  • BlockFi is the best way to earn interest.
  • Uphold is the best option for altcoins.

Top Ten Crypto Trading Platforms

Here is our list of the top ten crypto exchanges and trading platforms.

  1. Coinbase
  2. Bitsgap
  3. BlockFi
  4. Maintain
  5. Kraken
  6. eToro
  7. Cryptocurrency IRA
  8. Crypto.com
  9. Binance
  10. Hodlnaut

#1. Coinbase

Because you can invest directly using USD, Coinbase is by far the most popular and one of the best cryptocurrency exchanges. On the crypto trading platform, you may presently buy Bitcoin, Ethereum, and Litecoin, as well as 30+ additional coins and tokens. Furthermore, you can earn interest in your USDT and token prizes by participating in various activities.

In addition, when you open a Coinbase account, you will receive a $5 bonus!

Pros
  • The most user-friendly interface
  • A wide range of tokens and coins are available for investment.
  • High level of security and dependability
Cons
  • Fees are high unless you use Coinbase Pro.
  • The user does not have access to the wallet’s private keys.
  • Popular new coins are being adopted slowly.

#2. Bitsgap

Bitsgap Logo

Many people within the cryptocurrency know the Bitsgap brand today. Ever since its inception in 2017, the trading platform has elevated its approach to crypto trading, portfolio management, and arbitrage opportunities.

Bitsgap

More importantly, the platform has grown to become a powerhouse in the crypto industry, welcoming over 18 million visitors. Its website traffic has grown by nearly 13% in the past month and notes a strong influx in visitors from Colombia and Belgium. Furthermore, Bitsgap is chosen by over 500,000 traders worldwide, who have created 3,7 million trading bots, helping the company surpass $300 billion in total trading volume so far.

The platform offers access to over 30 global cryptocurrency exchanges through one convenient interface, streamlining access to different markets and trading pairs. Moreover, the number of supported exchanges and trading avenues keeps increasing, ensuring users can access their preferred assets. Additionally, there is no trading commission nor additional fees for depositing and withdrawing funds.

Pricing
  • The basic plan costs $29 per month and provides access to various exchanges, a cross-exchange portfolio, and setting up trading signals. Users can deploy two active trading bots.
  • The advanced plan costs $69 per month and has a monthly trading limit of $100,000. The extra benefit is access to arbitrage trading, five active trading bots, and futures bots.
  • The Pro plan costs $149 per month and has no monthly trading limit. Users can deploy up to 20 active trading bots, futures bots, and trailing bots. Additionally, there is access to priority customer support, should that be required.

All plans have a discounted rate when users sign up for six months in advance.

Pros
  • It has a diverse portfolio of assets that includes over 600 cryptocurrency pairs;
  • Availability of multiple tariff plans with varying subscription costs, the amount of which can be decreased by prepaying for 6 months of service;
  • There are no transaction costs or additional fees for making a deposit or withdrawing funds.
  • Connects with almost 20 major cryptocurrency exchanges
  • Without authentication, a 7-day trial version of paid programs is accessible.
Cons
  • you can’t trade with leverage;
  • There is no licensing from a reputable authority
  • there is no online chat or phone assistance.

#3. BlockFi

BlockFi is a bitcoin trading platform that enables you to lend and earn interest on your crypto holdings. In addition, rather than selling your coins and tokens, you can borrow against them.

If you only want to keep your tokens, you can let them earn interest for you.

Bonus Offer: Receive up to $250 in bonus funds when you make a $25 deposit and keep it for the stated time period.

Pros
  • There are no commissions or fees.
  • It’s one of the crypto trading platforms located in and governed by the USA
  • Deposits might earn you a lot of money.
Cons
  • It does not support a wide range of tokens and coins.
  • There are only a few free withdrawals available.

#4. Uphold

Uphold provides a straightforward method for trading numerous assets: open a single account and trade multiple assets without returning to cash. If you’ve ever traded crypto, you’ll know that many currencies and tokens only trade in specific pairs, so you’re always returning to BTC or ETH. However, with Uphold, you can trade numerous assets simultaneously.

Furthermore, Uphold is one of the few trading platforms that allows you to trade XRP, DOGE, and other cryptos.

Pros
  • A pricing structure that is simple and transparent
  • There are numerous crypto tokens and even some equities, including popular ones like XRP.
  • Both desktop and smartphone apps are available.
Cons
  • Some of the items in this list are more difficult to use than others.
  • There have been several reports of bad customer service.

#5. Kraken

Kraken is one of the first crypto trading platforms, and they provide a wide range of coins and tokens to trade and invest in. Margin trading is also permitted. It is, however, a genuine exchange that is not as simple to use as other of the top platforms on this list.

Kraken is one of the few crypto trading platforms on this list that allows you to trade in DOGE as well as other, riskier, tokens.

Please keep in mind that Kraken only offers a restricted selection of coins and tokens to US consumers as opposed to overseas customers.

Pros
  • One of the oldest crypto trading platforms
  • Exceptional levels of security and trust
  • A wide range of crypto and tokens are available for trading.
Cons
  • One of the trickier crypto trading platforms to use
  • Difficulty in using 2FA
  • There have been some reports of poor customer service.

#6. eToro

eToro has been in operation in the United Kingdom and throughout Europe for some time, but they are now accepting traders from the United States. They provide a large selection of digital assets to purchase and sell on their platform, and even better, they feature a trial trading account so you can try it out before using real money.

eToro is currently providing a $50 incentive to new users who establish an account and trade $500 in crypto by September 30, 2021.

Pros
  • Crypto trading options around the world
  • Capability to replicate other traders’ portfolios
  • To begin, set low minimums.
Cons
  • In the United States, they are limited to some places
  • Only 41 states have it.
  • Supports fewer tokens and coins than other platforms on this list.

#7. Bitcoin IRA

Bitcoin IRA is a little different from the other crypto trading platforms on our list. Unlike other exchanges and wallets, you are essentially exchanging currency and must pay taxes on your earnings.

Having said that, Bitcoin IRA combines the best of being a crypto wallet and exchange, as well as an IRA. That is, your gains within the account are either tax-free or tax-deferred.

Pros
  • Invest in cryptocurrencies with your IRA.
  • The ability to earn income on your crypto within your IRA
  • Options for maximum security
Cons
  • Expensive fees
  • Extremely low minimums
  • Doesn’t support as many tokens and coins as the other platforms on this list.

#8. Crypto.com

Crypto.com is one of the largest and most rapidly developing crypto trading platforms. It is situated in Hong Kong, although it provides extensive service to consumers in the United States.

You may currently access over 90 tokens and coins internationally, and 50 tokens and coins if you live in the United States. Furthermore, they provide competitive interest rates on their crypto savings accounts.

Pros
  • A large number of coins and tokens are supported.
  • Weekly interest is paid on crypto savings.
  • You can obtain a debit card that is linked to your account.
Cons
  • The fee structure is complicated.
  • There is no desktop support, only app-based assistance.
  • Customer service is limited.

#9. Binance

A fantastic crypto platform for trading in cryptocurrencies such as Cardano or Neo. Although not as user-friendly as some of the other top platforms on this list, they do have one of the most robust trading platforms available. They have a solid mobile app, but it’s not as user-friendly as we’d like, and we’ve been disappointed with it. Binance.us is the platform’s US trading version, which includes fewer currencies and tokens to invest in than the international edition.

Pros
  • A large number of coins and tokens are supported.
  • Transactions are completed quickly.
  • Fees are low.
Cons
  • In comparison to the rest of the world, the United States has few options.
  • The product is not available in all 50 states.
  • Customer service is limited.

#10. Hodlnaut

Check out Hodlnaut if you’re seeking a crypto trading platform. Hodlnaut is a crypto saving and lending platform that focuses on Bitcoin and several stablecoins.

You may currently earn up to 7.46 percent on your bitcoin and up to 12.73 percent on your USDC by saving and lending on their platform.

Pros
  • Interest is paid on holdings at a high rate.
  • There are no minimum balance requirements.
  • When you invest $1,000, you will receive a $20 bonus.
Cons
  • Only BTC, ETH, DAI, USDC, and USDT are supported.
  • Support is headquartered in Singapore, therefore response times may be delayed.

What Is the Best Way to Invest in Bitcoin?

Investing in BTC is similar to investing in equities, except that BTC is significantly more volatile due to daily swings. Here are the steps to begin investing in stocks:

  • Open a brokerage account with a company that accepts crypto investments.
  • Put money in your brokerage account from your bank.
  • Purchase a stock using deposited funds (cash balance).
  • Later, you can sell the stock for a profit or loss. The funds are returned to your cash account.

The key difference with BTC is that you buy BTC or another cryptocurrency instead of stock in step three.

In most circumstances, the aforementioned flow is similar to BTC, however, it depends on the exchange or crypto trading platforms. Sometimes, you can purchase BTC with a credit card or by depositing money from your bank account.

You must send BTC directly to other platforms. This is known as a Bitcoin direct deposit.

Last Thoughts

Trading cryptocurrencies is getting more popular as investors around the world gain confidence in blockchain technology and the platform that provides online crypto trading. Security advancements for digital wallets are also continuing to improve, giving traders more confidence that purchasing bitcoin is safe.

When it comes to security, ease of use, trading tools, and total cryptocurrencies provided in 2021, TradeStation comes out on top. That being said, maybe our evaluation sheds some light on some of the other US crypto exchanges that offer a decent, clean, and competitive offering.

Best Crypto Trading Platforms FAQs

What is the cheapest Cryptocurrency trading platform?

Among all exchanges, Binance has the lowest fees (like Bittrex, Poloniex, etc.)

What happens if I invest $100 into Bitcoin?

The price of this crypto has been steadily rising in 2021, so if you put $100 in bitcoin today, you will most certainly profit handsomely in the future.

Is crypto trading safe?

Hot wallets, which are secure yet still accessible online, are provided by cryptocurrency exchanges and third companies as a means of storing your funds (and therefore still susceptible to hacking). Crypto kept on an exchange or in a wallet is not FDIC-insured like bank money.

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