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Cryptocurrency has become a popular trend in recent years and has opened up many opportunities for people to invest and profit off of it. However, navigating the world of cryptocurrency can be overwhelming especially if you are based in the US. In this article, we will explore the 13 best US-based cryptocurrency exchanges in 2020 to help you get started.
Table of Contents
1. Coinbase
Coinbase is a user-friendly platform that allows users to securely buy, sell, and store cryptocurrencies. It accepts payment through bank transfers and credit cards.
2. Gemini
Gemini offers a variety of cryptocurrencies for trading, including Bitcoin, Ethereum, and Litecoin. It offers many ways to deposit and withdraw funds and has excellent security features.
3. Bittrex
Bittrex is a platform that offers a large selection of altcoins for trading. It has a user-friendly interface and offers advanced trading features for experienced traders.
4. Kraken
Kraken is a popular platform that allows instant buying and selling of cryptocurrencies. It offers a variety of trading features and is known for its excellent customer support.
5. Bitstamp
Bitstamp is one of the oldest cryptocurrency exchanges and has a reputation for being one of the most secure platforms. It offers a wide range of trading options and accepts payment through bank transfers and credit cards.
6. Coinmama
Coinmama allows users to easily purchase cryptocurrencies with their credit card or through a bank transfer. It has a user-friendly interface and excellent customer support.
7. Voyager
Voyager is a commission-free platform that offers a variety of cryptocurrencies for trading. It has a user-friendly interface and easy deposit and withdrawal options.
8. Bitflyer
Bitflyer is a platform that offers a large selection of cryptocurrencies for trading. It has advanced trading features and excellent security measures.
9. Binance US
Binance US is a US-based platform that allows users to trade a variety of cryptocurrencies. It has excellent security features and is known for its low fees.
10. Cash App
Cash App allows users to easily buy and sell Bitcoin with their Cash App account. It has a mobile-friendly interface and simple deposit and withdrawal options.
11. Robinhood Crypto
Robinhood Crypto is a commission-free platform that allows users to trade Bitcoin and other cryptocurrencies. It has a user-friendly interface and easy deposit and withdrawal options.
12. eToro
eToro is a social trading platform that allows users to copy other traders’ portfolios. It offers a wide range of cryptocurrencies and has a user-friendly interface.
13. KuCoin
KuCoin is a platform that offers a variety of altcoins for trading. It has a user-friendly interface and offers many advanced trading features.
Tips and Ideas
When choosing a cryptocurrency exchange, it is important to consider factors such as security, fees, and the variety of cryptocurrencies available for trading. It is also important to research the platform’s customer support and user reviews to ensure a positive experience.
One popular trading strategy is to diversify your portfolio by investing in multiple cryptocurrencies. This can help to mitigate risk and increase potential profits.
How to Choose a Crypto Exchange
Here are some steps to follow when choosing a cryptocurrency exchange:
- Research the platform’s security measures
- Check the platform’s fees and available cryptocurrencies
- Read customer reviews and research the platform’s reputation
- Ensure the platform has good customer support
- Consider the platform’s deposit and withdrawal options
By following these steps, you can find a cryptocurrency exchange that meets your needs and helps you achieve your investment goals. Happy trading!
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