Best Crypto Exchange in USA in 2022

The use of cryptocurrency exchanges continues to rise exponentially across the USA. As a result, crypto newbies and even more experienced traders are faced with a choice dilemma when it comes to selecting a suitable exchange that matches their needs. Although crypto exchanges have been ridiculed as a “single point of failure” by crypto fanatics in the past, there can not be a mass adoption without these gateways and platforms that assist users to buy, sell, and convert their crypto assets at scale. In this article, you will learn how to choose a  crypto exchange in the USA, what are the best crypto exchanges, how do crypto exchanges work, and what it takes to become the best crypto exchange USA.

What Is a Crypto Exchange?

A crypto exchange is an online platform where users can trade one cryptocurrency into another (e.g. BTC to ETH) or convert cryptocurrencies into fiat (e.g. BTC to US$). Crypto exchanges operate similarly to traditional stock exchanges and forex platforms.

What Is a Crypto Exchange?

How Do Crypto Exchanges Work?

All crypto exchanges serve as modern marketplaces and gateways into the cryptocurrency world. However, different crypto exchanges incorporate centralized, decentralized, and hybrid forms of management into their operation. These different types could be further broken down into;

Broker Exchanges: These Crypto exchanges are beginner-friendly and easy to use. Although with significantly less functionality, these exchanges allow users to buy, sell, and exchange cryptocurrencies directly with the broker at a fixed or floating price – usually at a premium. Examples include; Swapzone, SimpleSwap, CashAppChangeNOW, e..t.c.

Traditional Exchanges: Traditional crypto exchanges operate similarly to stock exchange platforms. They serve as middlemen who facilitate trading between buyers and sellers for transaction fees. These services offer more complex trading options and functionalities such as; spot trading, derivatives trading, simple/complex swaps, margin trading, and more. Also, traditional trading exchanges could offer peer-to-peer exchange options to their users. Examples include; Binance, Coinbase Pro, Kraken, and decentralized platforms like Uniswap, e.t.c.

Cryptocurrency Exchange Traded Fund (ETFs): These are hybrid institutional exchanges, that pool funds from private or public sources to securely and collectively trade cryptocurrencies. An example of such a fund is the GBTC.

What are the best crypto exchanges in the USA?

What are the Best Crypto Exchanges in the USA?

The USA is one of the global leaders in cryptocurrency investments, and with so many exchanges bidding for new customers, it can be tedious to tune out the noise. Below we have highlighted some of the best beginner-friendly crypto exchanges available in the USA.

The USA is one of the global leaders in cryptocurrency investments, and with so many exchanges bidding for new customers, it can be tedious to tune out the noise. Below we have highlighted some of the best beginner-friendly crypto exchanges available in the USA.

FixedFloat

FixedFloat exchange was launched for crypto transactions in 2018 by a small group of crypto experts with an extensive background in finance, entrepreneurship, and web tech. With a rapidly growing userbase, FixedFloat aims to allow its users to make maximum use of their digital assets by maintaining an easy and accessible exchange platform. In addition, FixedFloat supports over 40 cryptocurrencies on a responsive platform with fast processing, robust design, and a dedicated customer service team with total privacy for users.

Why Should You Choose FixedFloat?

  • You can choose between fixed and floating exchange rates
  • Cryptocurrency swaps are fast and reliable
  • FixedFloat offers one of the lowest fee rates in the market at 1% for fixed exchanges (+network fee) and 0.5% for floating exchanges (+network fee)
  • FixedFloat offers 24/7 dedicated customer service support with active contacts on Livechat, Email, Telegram, and Twitter

Exolix

Exolix Cryptocurrency is a fast, anonymity-friendly, reliable, and fully transparent(to customers) cryptocurrency exchange that launched in Estonia around 2018. According to its website, Exolix was built by crypto enthusiasts for the crypto enthusiast, and its intuitive interface offers users secure transactions at a favorable exchange rate without any hidden charges or fees. One of the unique features of Exolix is its sophisticated anonymous system, which allows users access to transactions without revealing their identities.

Why should you choose Exolix?

  • You can buy, sell, and exchange up to 499+ digital currencies without revealing your identity
  • Exolix allows you to withdraw funds with zero fees (Although you’ll be charged network/mining fees)
  • Exolix’s trading algorithms are integrated with several larger exchange partners to provide a fast and sustained liquid position for all your transactions in less than 30 minutes.
  • Exolix exchange is a fully secure and anonymous exchange service that offers the best market rates.

Changelly

Launched in 2015, Changelly is a cryptocurrency trading exchange that provides a thriving ecosystem of products and services that allow customers to buy, sell, and exchange a wide range of cryptocurrencies. With over 170+ cryptocurrencies listed, the exchange platform receives at least 2 million users in monthly traffic and partners with big trading platforms, including Binance, Trezor, Exodus, and Coinomi.

Why should you choose Changelly?

  • Changelly allows you to expand your trading options with its newly launched ChangellyPRO
  • Changelly offers you fast, secure, and reliable crypto exchange services
  • Changelly offers competitive market rates for all your crypto trading
  • You will get a 24/7 dedicated support team that is always ready to assist you with onboarding and other difficulties

How to Сhoose a Crypto Exchange?

Choosing the best crypto exchange USA can often become a challenging undertaking for new crypto users. While some users like low-fee exchanges, others prefer security-tight exchanges, with the more experienced users usually going for exchange platforms with more functionalities.

Swapzone aggregates numerous crypto exchanges, including the ones mentioned above. Some of the factors we look out for before choosing an exchange includes:

Beginner-friendly

Complexity leads to dissatisfaction and bad experience with exchanges. For beginners, ease of use is essential when buying and selling assets.

Security

When choosing a crypto exchange, security is one of the top priorities. The crypto exchange has to have an up-to-date security standard certified by regulators.

Trading Fees

Trading fees are important factors to review for experienced and high-volume traders. Although often overlooked by low-volume traders, these fees do accumulate over time. If the fees of a particular exchange are higher than those of other exchanges, then its functionality must justify it.

Cryptocurrencies Supported

This factor is a bit of an obvious one. The cryptocurrency exchange users decide to choose must support their preferred coin pair, and the more coins an exchange supports, the better.

Liquidity

With the high volatility of the cryptocurrency market, exchanges need to have a high volume of liquidity and active users.

Best Crypto Exchange USA

On Swapzone you can choose the best exchange and the best rate you want to exchange your coins at. This is the largest instant swap marketplace that will meet everyone’s needs. So, let’s see how to exchange BTC to ETH:

  1. Head to the Swapzone website.
  2. Select the proper pair (BTC to ETH).
  3. Input the amount of BTC you want to exchange for ETH, and the aggregator will find the best deals for you.
  4. Click on the ‘Exchange’ button that leads you to an exchange platform, and type in the address where you want to send the ETH coins.
  5. Use the generated BTC address to send your BTC deposit.
  6. Head to ‘Proceed with the Exchange’ and – if you want – leave a review of the website you chose to carry out your exchange process.
  7. Wait for the deposit to be processed and ETH coin exchange completed.

How to Сhoose a Crypto Exchange?