Best Crypto Exchange in USA 2021: Top 5 Platforms Reviewed

Finding the Best Crypto Exchange in USA for 2021

As cryptocurrency surged in popularity during 2021, selecting the right exchange became crucial for American investors. With regulatory complexities and security risks, U.S. traders needed platforms balancing compliance, asset diversity, and user experience. This guide reviews the top 5 crypto exchanges available in the USA during 2021, helping you navigate the booming digital asset landscape with confidence.

Key Selection Criteria for 2021 Exchanges

We evaluated exchanges based on these critical 2021 factors:

• Regulatory Compliance: Adherence to FinCEN and state-level regulations
• Security Protocols: Cold storage, 2FA, and insurance coverage
• Fee Structures: Trading fees, deposit/withdrawal costs
• Asset Variety: Range of cryptocurrencies supported
• User Experience: Mobile apps, interface intuitiveness
• Liquidity: Order execution speed and market depth

Top 5 Crypto Exchanges in USA for 2021

1. Coinbase

The most beginner-friendly platform in 2021, featuring FDIC-insured USD wallets and SEC-registered operations. Ideal for new investors with its intuitive interface and educational resources.

• Pros: 50+ cryptocurrencies, instant bank transfers, robust mobile app
• Cons: Higher fees (0.5%-4.5% per trade), limited advanced tools

2. Kraken

A security-focused exchange popular among serious traders, offering futures and margin trading with competitive fees. Complied with NYDFS BitLicense requirements.

• Pros: Low fees (0-0.26%), 120+ coins, advanced charting
• Cons: Complex interface for beginners, slower verification

3. Gemini

Founded by the Winklevoss twins, Gemini prioritized regulatory compliance with SOC certifications and insurance coverage. Featured a clean interface and recurring buys.

• Pros: Strong security, 40+ coins, free ACH transfers
• Cons: Higher trading fees (0.5%-1.49%), limited altcoins

4. Binance.US

The American arm of Binance launched in 2019, offering low fees and diverse assets while complying with U.S. regulations across 43 states in 2021.

• Pros: 60+ cryptocurrencies, 0.1% spot fees, staking options
• Cons: Limited customer support, restricted in some states

5. eToro

Unique social trading platform allowing copy trading of expert portfolios. Supported crypto alongside stocks in 2021, appealing to diversified investors.

• Pros: CopyTrader technology, user-friendly mobile app
• Cons: High spreads (1%+), withdrawal fees, limited coins

Choosing Your Ideal 2021 Exchange

Prioritize based on your needs:

• Beginners: Coinbase or Gemini
• Active Traders: Kraken or Binance.US
• Social Investors: eToro

Always verify state availability and review fee schedules before funding accounts. Remember that 2021’s regulatory landscape required strict KYC procedures across all platforms.

Frequently Asked Questions (FAQ)

Are crypto exchanges legal in the USA?

Yes, when registered with FinCEN and compliant with state regulations. All exchanges listed operated legally in most U.S. states during 2021.

Which exchange had the lowest fees in 2021?

Binance.US and Kraken offered the most competitive fee structures, with spot trading fees as low as 0.1%.

Could U.S. residents use Coinbase Pro?

Yes, Coinbase Pro was available nationwide in 2021, offering lower fees (0.5% maker/taker) than the standard platform.

Were decentralized exchanges (DEXs) popular in 2021?

While DEXs like Uniswap gained traction, centralized exchanges dominated U.S. markets due to regulatory clarity and fiat on-ramps.

Did any exchanges offer staking rewards?

Several did, including Kraken (DOT, ETH2), Binance.US (ADA, ALGO), and Coinbase (ETH2, ALGO) with varying APY rates.

Note: Information reflects 2021 market conditions. Always verify current regulations and exchange status before investing.