What Crypto Trading Platform Accepts US Customers

Crypto Trading for US customers – What sites allow traders from the USA?

In this guide, we provide an answer to what crypto trading platforms accepts U.S. customers. We also provide brief regulation analysis of the U.S.A in terms of cryptocurrency accounting status, crypto taxes, and responsible bodies. 

In terms of companies that provide the trading marketplace, the article offers a brief take on Coinbase and Kraken.

Coinbase and Kraken are the two most famous Bitcoin and crypto exchanges based in the US. They are quite similar but differs in terms of beginner friendliness and fees.

What is U.S. Crypto Regulation?

Currently, authorities in the U.S. see cryptos as online assets, rather than legal tender. The main reason for the government’s commodity standpoint towards digital coins revolves around the lack of control. Thus, income and capital gains taxes apply for U.S. traders, no matter if trade uses fiats or not. The main body that overlooks the tax implementation within the crypto sector is the Internal Revenue Service (IRS). For more information, we prepared a separate article to help you choose a platform for crypto tax reporting.

As for the responsible bodies, SEC plays important role in securities and instruments. In September 2018, the agency declined rights for 9 bitcoin ETFs, signifying tighter control of the crypto market. All platforms need to acquire financial licenses from all states. The Commodity Futures Trading Commission (CFTC) and Financial Crimes Enforcement Network overlook the crypto industry in terms of business conduction.

What Crypto Exchanges Accepts US Customers?

In this section, we go over platforms that allow U.S. clients to trade cryptocurrencies. Read on about Coinbase and Kraken.

Coinbase and Kraken are the largest and most popular crypto exchanges available for US customers. Also, they are both based in the US and operate under US regulations.

Coinbase Crypto Exchange Accepts US customers

Coinbase review

Based in San Francisco, Coinbase is a U.S. crypto trading platform specialized solely on digital coins. Launched in 2018, Coinbase Pro platform is an extension of a previous trading platform called GDAX. In it, the company offers limit and market trading functions for 32 countries, U.S. included. So far, only Hawaii traders cannot use the platform’s services.

It is possible to fund account using bank transfers and credit cards. There is no margin trading at the Pro marketplace, while accepted coins are BTC, BCH, ETH, ETC, and LTC. 

Kraken Crypto Exchange Accepts US customers

How to trade USD for Bitcoin on Kraken exchange

Kraken is one of the oldest Bitcoin and crypto exchanges and have always focused on security.

They were among the first crypto exchanges audited by an independent 3th party service.

Kraken has a great trading volume, a decent number of trading pairs and great deposit and withdrawal options. It might not have the most beginner friendly UI, like Coinbase. However, Kraken charges somewhat lower fees than Coinbase.

What Crypto Exchanges Accepts US Customers?

In this guide, we went over what crypto trading platform accepts U.S. customers. The government employs strict AML and KYC policies. Thus, most platforms insist on complete verification of the identity from its clients. Additionally, licenses restrict the States that these trading platforms work with. However, these also serve as insurance against hacking attempts, scams and other cybercriminal activities.

What is the best Crypto Exchangesfor non US Customers?

Top 10 reasons to trade on Binance feature image

If you live outside the US you should consider going for Binance instead. Binance is the best Bitcoin and crypto exchange on the market.

Why is Binance the best crypto exchange?

  1. Binance has the largest trading volume
  2. Binance has the lowest fees
  3. Binance has among the most trading pairs
  4. Binance has the most supported fiat currencies
  5. Binance has great deposit and withdrawal options

Read more about Binance in our Binance review or sign up directly with the best referral code on the market.

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