![]() For some exchanges, it can take up to 2–3 business days while others are near-instant.įinally, be aware that some exchanges require you to complete additional verification tasks to unlock full account features and permit higher transaction limits. It's also a good idea to research how long you can expect the verification process to take. If you need to provide a wide range of personal information, it's important to be sure you're dealing with a trusted exchange. A photo of yourself holding a signed declaration.You will likely need to provide some or all of the following: Keep in mind that these exchanges may limit the amount of crypto you can withdraw from the exchange on a daily basis.įor exchanges that require the KYC process, verification requirements vary. ![]() ![]() The said exchanges may not be properly regulated, so please proceed with caution if you choose to use these, especially if they are located offshore. Most centralized crypto exchanges these days require you to complete a KYC or identity verification process.īut some exchanges still let you deposit crypto and trade crypto-to-crypto without completing the KYC process. This allows those new to financial markets to preview how more experienced traders operate plus automatically make the same trades as they do. The platform's beginner-level trading resource page provides short tutorials that have titles such as What is Bitcoin? and The Fed Made Simple to help prepare you to trade and invest.ĮToro is known for its CopyTrader feature that lets users connect with and copy the trades of more experienced traders. If you're looking to make your first crypto purchases without having to navigate a complex trading interface, eToro makes it easy to buy digital assets in just a few clicks, which is why it also won the 2023 Finder Award for Best Instant Purchases. The platform offers instant purchases, notable educational resources and unique trading features designed to help beginners learn to trade crypto better and benefit from the skills of more experienced traders. It received positive customer reviews, as well. T&Cs apply.ĮToro won the 2023 Finder Award for Best Platform for Beginners because its crypto trading services are tailored toward those new to the crypto market. Get $15 when you sign up and buy $100 of crypto. So, if you decide to park your money in stablecoins for a while, you can still increase your digital asset holdings while doing so on Coinbase. In its Learning rewards section, you can watch videos that explain how digital asset networks work and then earn small amounts of the crypto assets you learn about upon correctly responding to questions about them.Ĭoinbase also automatically rewards you with yield on any USDC held in your account. Seasoned crypto investors can use the platform's advanced trading option for lower trading fees, charting tools and a view of the exchange's order book.īeyond trading, there are features such as lending, staking, a crypto wallet and an NFT marketplace, making the service well-rounded for most crypto needs.Ĭoinbase also encourages users to learn more about crypto assets and blockchain networks. If you are new to crypto, you can use the exchange to make instant purchases in just a few clicks. Uphold – Best platform for multi-asset tradingĬoinbase won the 2023 Finder Award for Best Crypto Exchange Overall because it offers a world-class service for all levels of crypto traders and investors.Binance.US – Best exchange for staking rewards.eToro – Best crypto platform for beginners.Kraken – Best exchange for advanced trading.Coinbase – Best crypto exchange (overall).Finder’s best crypto exchanges USA of December 2023 You may also want to consider whether you’re new to crypto markets or you’re a seasoned trader when selecting the platform that’s right for you. It’s quite common to use multiple exchanges to benefit from their different areas of specialty, such as using one for its range of coins and another for its low fees. When deciding on which crypto exchange is right for you, consider what you plan on using it for. Finder or the author may own cryptocurrency discussed on this page. Talk with a financial professional before making a decision. Potential regulations or policies can affect their availability and services provided. ![]() Digital assets are volatile and risky, and past performance is no guarantee of future results.
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