5 Best Exchanges To Buy Bitcoin in The United States (2024) (2024)

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Best Bitcoin Wallets for The United States

After buying bitcoin from an exchange, it's important to withdraw to your own non-custodial wallet for security, privacy, and to have full control over your bitcoin.

Mobile

5 Best Exchanges To Buy Bitcoin in The United States (2024) (1)

Zengo is an easy iOS & Android crypto and NFT wallet. Buy, sell, and self-custody directly from the app.

Visit Zengo

Hardware

5 Best Exchanges To Buy Bitcoin in The United States (2024) (2)

Ledger Nano S Plus is a secure hardware wallet that connects to your computer via USB-C

Visit Ledger Nano S Plus

Desktop

5 Best Exchanges To Buy Bitcoin in The United States (2024) (3)

BlueWallet is a popular desktop Bitcoin wallet which is compatible with Windows, Mac, and Linux

Visit BlueWallet

Buying bitcoin and cryptocurrencies in The United States

5 Best Exchanges To Buy Bitcoin in The United States (2024) (4)

Buying bitcoin and other cryptocurrencies in The United States is a simple process and usually takes less than 10 minutes to get fully setup.

The first step is to register with a platform, app or exchange and complete a Know Your Customer (KYC) process.

5 Best Exchanges To Buy Bitcoin in The United States (2024) (5)

The exchange you choose will be interoperable with most devices, desktop and mobile, and will allow you to withdraw to your own personal hardware wallet.

There are also several options available for buying and selling without verification on P2P exchanges, although they are much less user-friendly and are recommended for more advanced users.

Requirements to buy cryptocurrency in The United States

Before purchasing, there are a couple of important things you'll need to prepare:

  • A passport, national identity card, or driver’s to complete the KYC process.
  • A private and secure internet connection, public WiFi is not recommended as it may pose security problems.
  • A mobile phone to verify your identity using two-factor authentication (2FA).
  • A bank account or credit card you can use to make fiat currency deposits to purchase cryptocurrencies.
  • A crypto wallet to store your assets. Almost all exchanges will offer built-in wallets, but it is important to withdraw your crypto to your own personal cold wallet for optimal security.

Steps to Buy Cryptocurrency in The United States

1. Create an account with an exchange

The United States has 5 trusted exchanges available for you to sign up for, with the most popular being Coinbase and Kraken, which account for a combined 120,000,000 active users.

5 Best Exchanges To Buy Bitcoin in The United States (2024) (6)5 Best Exchanges To Buy Bitcoin in The United States (2024) (7)

Both exchanges are considered to be beginner-friendly and offer multiple deposit methods and a variety of cryptocurrencies.

Exchanges will differ by fees, security, payment methods, and other features, so explore the "info" tab on the exchanges listed above to find which one is the right fit for you.

The platform you end up choosing will depend on your preferences and the cryptocurrencies and payment methods they support.

Also it's important to note that you can always sign up to other exchanges later.

2. Complete the KYC verification process

After signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process. This is an unavoidable legal requirement for almost all exchanges in The United States.

To complete this step you will need your photo ID readily available to take pictures of both the front and back sides of the document.

In most cases your verification will be approved instantly and at most can take 1-2 days.

3. Make a fiat deposit

To begin buying bitcoin and other cryptocurrencies you will need to link a bank account or credit card to the exchange.

Some of the payment methods provided by Coinbase and Kraken are: Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer.

Depending on the payment method, it could take anywhere from a couple of minutes to days for the funds to arrive at the exchange.

4. Buy cryptocurrency

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Once your account has been funded, you are ready to buy your first bitcoin. It's important to note that you do not need to buy a full bitcoin.

Most exchanges will let you buy as little as a few dollars worth of bitcoin, or any other cryptocurrency.

5. Send your bitcoin to a personal wallet

5 Best Exchanges To Buy Bitcoin in The United States (2024) (9)

Once you've purchased bitcoin or your cryptocurrency of choice it's important to withdraw it to your own secure personal wallet.

Leaving your coins on an exchange poses a security risk as many exchanges are targets for hackers to steal user funds. Storing your own coins on your personal hardware wallet mitigates that risk.

Frequently Asked Questions

?What is the best exchange to buy bitcoin from in The United States?

There are 5 trusted exchanges operating in The United States with the mostpopular being Coinbase , Kraken , and eToro US.

You can review each of these exchanges and find best exchange that works for you. Bitrawr ranksexchanges in The United States based on fees, users, and security while giving placement preferenceto exchanges located in The United States or specifically catering to users in The United States.

?Can you buy bitcoin anonymously in The United States?

Yes, you can buy bitcoin safely and anonymously by using P2P (Peer to peer) exchanges like Bisq, Paxful and LocalSwap.

?Can you buy bitcoin in The United States using debit or credit cards?

Most of the exchanges operating in The United States have debit/credit card payment optionsavailable. Remember that this requires completing KYC.

?Should I leave my bitcoin on an exchange after buying?

No! For complete custody of your Bitcoin or other cryptocurrencies it is recommended to store them in ahardware wallet as it keeps private keys safe and entirely offline.

?Can you buy bitcoin using cash in The United States?

Bitcoin ATMs are an excellent way to buy bitcoin using cash and offer little to no requirements forKYC. ATMs are commonly located inside of convenience stores, shops, restaurants, malls or airports. Findone near you using our ATM map.

?Can you buy bitcoin futures in The United States ?

Yes, popular Bitcoin futures exchanges like Binance, Bitmex, and Deribit enable users to long or short BTC with up to 100xleverage.

?Does Coinbase work in The United States?

Yes, Coinbase works for users in The United States. Coinbase in The United States allows for the use of debit cards, credit cards, bank accounts, wire transfers, and in some cases, PayPal to buy cryptocurrencies.

Read more on Bitcoin

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5 Best Exchanges To Buy Bitcoin in The United States (2024) (2024)

FAQs

Which exchange is best to buy BTC in USA? ›

After comprehensively reviewing 28 cryptocurrency exchanges in more than 20 weighted categories, our top picks for the best cryptocurrency exchanges include Kraken, Coinbase, and Crypto.com.

What is the safest crypto exchange in the US? ›

Summary Of The Best Crypto Exchanges & Apps of July 2024
CompanyForbes Advisor RatingLearn More
Gemini4.5Learn More On Gemini's Website
Crypto.com4.5View More
KuCoin4.3View More
Coinbase4.1Learn More On Coinbase's Secure Website
1 more row
Jul 1, 2024

What is the best crypto investment for 2024? ›

Our analysis of the best cryptos to invest in right now highlights ButtChain, XRP, Solana, Celestia, BlockDAG, and WienerAI as some of the most promising contenders for 2024. Each of these coins features unique technologies and functionalities that set them apart in the crowded crypto market.

Where is the safest place to buy Bitcoin? ›

Coinbase: Safest Way To Buy Bitcoin. Gemini: Best Bitcoin Exchange For All 50 States. Kraken: Most Established Bitcoin Exchange. Nexo: Best for Daily Payments.

What is the best wallet to buy Bitcoin in the United States? ›

Best bitcoin and crypto wallets
  • Coinbase Wallet Web3: Best bitcoin hot wallet.
  • Ledger: Best bitcoin cold wallet.
  • SafePal: Best crypto hot wallet.
  • Ledger: Best crypto cold wallet.
  • Coinbase Exchange: Best exchange wallet.

Which is the best app to buy Bitcoin easily in USA? ›

Coinbase is the most trusted place for people and businesses to buy, sell, and manage Bitcoin. It's quick and easy. Here's a step-by-step guide on how to buy Bitcoin.

Which Bitcoin exchange is best? ›

Top Cryptocurrency Spot Exchanges
#ExchangeAvg. Liquidity
1Binance861
2Coinbase Exchange756
3OKX610
4Bybit626
43 more rows

Which crypto exchange has never been hacked? ›

Kraken is often cited as the most secure, as they are the longest-standing exchange that has never been hacked. Kraken's security is so top-notch that they even have Kraken Security Labs, an arm of their company that offers security services for other crypto companies. SwissBorg is another exchange considered safe.

What will happen to Bitcoin in 2024? ›

The next bitcoin halving is expected to occur in April 2024, when the number of blocks hits 740,000. It will see the block reward fall from 6.25 to 3.125 bitcoins.

Which coin will reach $1 in 2024? ›

Conclusion. In the dynamic landscape of cryptocurrency, these ten coins, including TRON, Shiba Inu, Astar, Kaspa, Dogecoin, Stellar, Kava, Polygon, Cronos, and VeChain, present diverse potentials for reaching the $1 milestone in 2024.

Which crypto has 1000x potential? ›

We have picked Pepe Unchained ($PEPU) as the #1 choice for coins that could soar by 1000x in the long-term. This is because Pepe Unchained offers low transaction fees, high speed, and huge staking rewards.

What is the best crypto to buy right now? ›

Best Crypto To Buy Now
  1. Bitcoin (BTC) Market cap: $1.3 trillion. ...
  2. Ethereum (ETH) Market cap: $409.9 billion. ...
  3. Tether (USDT) Market cap: $112.9 billion. ...
  4. Binance Coin (BNB) Market cap: $83.9 billion. ...
  5. Solana (SOL) Market cap: $72.7 billion. ...
  6. U.S. Dollar Coin (USDC) Market cap: $33.9 billion. ...
  7. XRP (XRP) ...
  8. Toncoin (TON)
4 days ago

Which bitcoin exchange is safest? ›

Gemini. Gemini is a well-funded crypto exchange with a reputation for being easy to use. The platform supports 80 crypto to buy, sell and store. It also offers a variety of tools for high-performance traders and boasts excellent security practices.

What is the safest wallet for Bitcoin? ›

We'll look at both options here in an effort to help you find the best crypto wallet for your own situation.
  • Coinbase Wallet. Best for beginners. See at Coinbase. ...
  • Trezor Model T. Best security features. ...
  • Ledger Nano X. Good balance between accessibility and security. ...
  • Exodus. Best for desktop users. ...
  • Mycelium. Best for mobile users.
Jun 3, 2024

Where should I buy my first Bitcoin? ›

Compare the best platforms to buy Bitcoin
OfferCommissions
CoinbaseTrading platform and crypto selection
Gemini ExchangeInvesting simplicity
RobinhoodDiversified investing needs
eToroSocially-driven investing
1 more row
Jun 23, 2024

Is Coinbase or Binance better? ›

Coinbase: Ideal for beginners due to its user-friendly interface and educational materials. Binance: Offers a more comprehensive set of tools and lower fees, making it a solid choice for experienced traders. However, Binance.US, the American version of the exchange, has limited options compared to the global platform.

Which exchange has the cheapest Bitcoin? ›

Cross-Platform Bitcoin Purchasing Fees
PlatformPurchase FeeMinimum Purchase
Binance.US0%0.00001 BTC
Bisq0.15%0.061 BTC
Kraken0.16%0.00001 BTC
Coinbase0.50%0.0001 BTC
4 more rows
Mar 27, 2024

How to buy Bitcoin with US dollars? ›

Visit a cryptocurrency exchange website. Create an account and verify your identity as required. Follow the website's instructions to buy your bitcoin (BTC) or other digital asset. Your bitcoin will appear in your exchange account.

What is the best crypto exchange for day trading in the US? ›

1. What is the best exchange for crypto day trading? Some popular choices for day trading include Binance, Bitstamp, Kraken, ByBit, and Phemex. Binance is known for its extensive range of cryptocurrencies and advanced features, while Bitstamp and Kraken offer user-friendly interfaces and security.

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