US Cryptocurrency Exchanges: The Best GateWay to Safe and Effective Crypto Trading!

Cryptocurrency is a virtual or token currency. It is distributed across a range of computers. Hence, crypto is very decentralized.  As a result, the SEC cannot control it directly. No central authority can control its transfer or transactions.

Crypto is gaining traction fast in the US now. There is rarely someone who hasn’t schemed to invest in crypto in the US. Thanks to the US cryptocurrency exchanges, crypto investments have become more manageable.

In the last 12 months, more than 17% of the US population owned crypto. Overall, 615 of the population expressed interest in trading cryptos. At the same time, the number and populace of institutional investments is also growing.

Hence, we may see more US cryptocurrency exchanges in the future. They will swarm new ways of investing in the crypto sector.

Importance of selecting the right cryptocurrency

There are many downsides to investing in crypto. Firstly, Bitcoin and Ethereum are primarily saturated now. In the meanwhile, most people are searching for other stable alternatives to invest. Hence, I recommend that new users save 5 to 10% of their crypto funds.

Whenever emerging cryptos trade at good values, go for them. Litecoin, Cardano, Solano, DogeCoin, etc, are performing well now. So, you must keep track of the latest market data.

You should also invest in different crypto sectors. For example, DeFi, NFTs, etc. Their taxes are also lower. Read the Cryptocurrency tax laws in the US for better ideas.

Current Cryptocurrency Market Trends in the USA

The US crypto market is valued at $ 5.08 billion now. Experts at GlobeNews suggest that the figures may reach $19 billion before 2032. At the same time, the CAGR would be 13.13% for the said period.

Meanwhile, crypto trading reached a record high of $10 trillion last November. Firstly, a record growth of 128% in monthly spot trading contributed significantly to this growth. In addition, derivatives, rising global exchange and regulatory optimism play key roles here.

After analyzing the market, I found mainstream adoption and awareness also play crucial roles. Firstly, let us talk about Top cryptocurrency brokers in the US. They are making it easy for individual inventors to deal in crypto.

Moreover, mainstream banks and credit unions also offer crypto investments and trading. In addition, there are other platforms for dedicated crypto brokerage.

Key factors influencing cryptocurrency prices

• Regulatory developments and government policies
• Global economic trends and market sentiment

Top Cryptocurrencies to Consider for Investment

Before choosing the correct US cryptocurrency platforms, searching for the best crypto coins to invest in is crucial. Here is a list of the ten best cryptos with the most traction.

In the recent 5 days, these cryptos have shown the highest percentile growths. So, here’s the list with some of their best features.

• Bitcoin (BTC)
• decentralized digital currency
• market leader and most widely recognized cryptocurrency
• Ethereum (ETH)
• a decentralized platform for smart contracts and
• strong developer community and growing adoption
• Litecoin (LTC)
• peer-to-peer digital currency and payment system
• fast transaction processing and growing merchant adoption
• Bitcoin Cash (BCH)
• decentralized digital currency and payment system
• growing adoption and increasing market capitalization
• Cardano (ADA)
• decentralized public blockchain and cryptocurrency
• strong developer community and increasing adoption

Importance of US cryptocurrency exchanges

There are many options to trade in crypto. However, experts say that centralized crypto exchanges play a crucial role here. There are exchange apps as well. They offer a comparatively easy way to trade in crypto, using cash and tokens.

The US cryptocurrency exchanges vary from each other on various grounds. Their fees, crypto selection, and trading options differ. Some of them offer excellent customer service. However, others are real flops so far as customer service is concerned.

Who is the best?

We sorted three US cryptocurrency exchanges for all users based on the discussed parameters. Especially beginners searching for the Best cryptocurrency to invest in Uthe SA. These are:

• Crypto.com, reputed for its seamless user experience
• Coinbase is the best option for beginners in the crypto market
• Robinhood is the best one for direct crypto investments

Coinbase

Coinbase is a dedicated crypto trading platform. It started in 2012. If you fear using decentralized wallets, this one is your go-to option. Our experts found it one of the most user-friendly crypto trading options.

If you are ready for an onramp in the crypto trading domain, invest in CoinBase today. The best thing about the platform is that their trading fees might be as low as 0%. The upper cap is 3.99%.

Also, they offer a collection of more than 240 crypto options. So you may stick with the conventional options or explore the newer options like Algorix, $PEAR, etc. Lastly, CoinBase also offers an exclusive reward program. They will provide you with upto 12% APY. Yes, you heard that right!

Robinhood

Robinhood is another good option for beginners. Firstly, because they charge $0 as their trading fees, they offer much fewer crypto coins. Currently, there are only 19 listed on their platform.

However, that doesn’t imply that they’re not faring well. They have a curated selection of coins that will perform in a blink. Hence, you may not find the latest assortment of coins here. But you will find the classics and the top performers for sure. But what is Robinhood famous for?

It is the first US one-stop app that features crypto with stocks simultaneously. The app offers rewards programs if you buy Solana or Ether stocks over the platform.

Gemini

If you are searching for US cryptocurrency exchanges that offer good, advanced trading options, this one is definitely the best option. Other than active crypto trading, the platform is known for crypto-to-crypto trading.

It means you can use your crypto coin’s value to buy or trade in another coin. But why is it more suitable for advanced traders? Firstly, it gives you access to analytics like crypto derivatives, executes microsecond trades, and flaunts some of the most popular crypto-to-crypto trading platforms.

Coming to trading fees, it’s not much. It ranges between 0.5 to 3.49%. However, there is a curated list of more than 70 popular and utility cryptos here. Again, there are dedicated rewards programs for polygon, Ether, and Solana traders.

Risks and Considerations in Cryptocurrency Investment

While investing in the crypto market, there are some risks you cannot do away with. Firstly, cryptos are not backed with any SEC security or insurance. So, they may put your financial dashboard at risk. They offer high returns for sure. But crypto stocks are not protected by banks as other investments. So, let’s learn about the most critical crypto risks and their effects on trading:

Volatility and market risks

• Price fluctuations and market downturns are two critical issues that crypto investors face. For example, DogeCoin lost -2.45% in 1 hour. On the other hand, Bitcoin gained 4.499% in one day.
• Market manipulation and liquidity risks also affect crypto. Since crypto trading is so easy, you can quickly develop an exit strategy. But the same can go against you also. Hackersy can phase off your stash in seconds if they get hold of your crypto wallets.

Security and fraud concerns

• Exchange hacks and wallet security risks can be critical concerns as well. Often, imposters email and message you, posing as legit exchange firms. Once you share your wallet details, you’re done.
• Crypto firms should be cautious of Phishing and social engineering attacks, too. There are several North Korean groups targeting the emerging US cryptocurrency exchanges. The FBI also released a disclaimer about the same.

The regulatory environment in the USA

The following issues in the US regulatory environment are a grave concern for the crypto market:

• Uncertainty and regulatory risks
• Compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations

Conclusion

Compared to traditional investments, crypto investments can be way costlier. However, there are US cryptocurrency exchanges to the rescue. Trading through exchange accounts is relatively easy. Just choose your exchange. Make the minimum investment and get going.

If you are searching for investment options, you can consult me for real-time best options. Choosing the best exchange might be an issue. So, you need help from investment professionals.

Comment on your queries below. Our financial experts will document a new blog with practical solutions.

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