Crypto trading is extremely popular now, and that’s not a surprise: after all, it allows you to earn major profits by capitalizing on volatility. Many traders from all over the world flock to the market in hopes of earning a fortune, and US citizens are not an exception. However, the US government seems to stay pretty strict about crypto regulation, so many popular brokers are outlawed. In this article, we explain how to find the right broker for Bitcoin trading and give you several proven options to start with.
Bitcoin trading basics
The first modern cryptocurrency, Bitcoin also remains the most well-known and popular one. It has the largest market cap among crypto tokens, and many traders view it as one of the most promising coins in the long term. While some of them expect it to grow in the future to sell it for fiat, others believe it’ll help create a world where crypto is the default payment method. Anyway, nothing prevents you from earning some money by trading BTC here and now.
You can earn BTC by mining, but it’s easier to purchase it on one of the leading exchanges. However, you should be very careful when choosing one: many major brokers don’t work in the USA, and others may not be as reliable. To help you out, we’ve compiled a list of the best Bitcoin brokers in the USA by their trading conditions and additional options for beginners.
Coinbase is an extremely popular crypto exchange used by millions of traders in the USA to buy BTC and other cryptocurrencies. The exchange is very novice-friendly: just download the app, and you can start trading right away. There are also all kinds of educational materials provided by the broker, and the fees are decent. However, there are no options for earning some passive income.
One of the most well-known brokers, eToro has included major cryptocurrencies in its list of available assets, and it’s a great option for all novice traders. The broker has pretty low fees, a convenient app for trading on the go, and exceptional copy trading options you can use to earn passively.
Binance is one of the leading crypto exchanges in the world, and many US traders consider Binance your default option for buying some BTC. It offers very low trading fees, a huge variety of other coins, and advanced security to keep your funds safe. There are also nice educational materials for novices.