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Some of its account features include staking rewards, iOS and Android mobile apps, and a Coinbase Earn account option that pays you in crypto assets for watching educational videos.
Coinbase also offers two other options: Coinbase Pro for advanced traders and Coinbase Prime for institutions and high-net-worth clients .
What to look out for: If you regularly use margin accounts to trade, Coinbase isn’t the best choice.
Why it stands out: Binance.US was formed in 2019 after Binance halted its services to US traders.
When it comes to staking rewards, you can earn from 1-10% for holding different crypto assets over a period of time.
Binance.US also offers a wide range of features for institutional clients.
For example, you won’t be able to use its services if you’re a resident of Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or Vermont.
Why it stands out: Like the exchanges above, Kraken has 50+ cryptocurrencies with an array of options both for retail investors and institutional investors.
Futures trading — contracts which allow you to buy or sell an asset at a set price on an upcoming date — is available for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple.
Why it stands out: Based in London, CEX.IO is a global crypto exchange supporting traders in more than 99% of countries worldwide, including 48 US states, according to its website.
Maker orders can’t be executed immediately since there are no other orders to match with them; however, taker orders match immediately, according to CEX.IO.
Withdrawals for US residents using a Visa card include a service charge up to 3% plus an additional $1.20 and commission up to $3.80.
Why it stands out: Gemini offers a wide variety of crypto trading services for individuals and institutions.
Though Gemini isn’t strictly a personal wallet service, its two storage and custody options — Gemini Wallet and Gemini Custody — give you the choice of online storage or institutional offline storage for your crypto assets.
In addition to two-factor authentication, the exchange says it uses a multi-stage wallet strategy to make sure funds are kept in secure, cold storage .
At Personal Finance Insider, we aim to help smart people make the wisest decisions with their money.
for cryptocurrencies, tokens , and other digital assets.
If you want to set up an external wallet with a Bitcoin wallet provider or another storage wallet service, you can do so while maintaining your crypto exchange account.You can simply transfer assets between your exchange account and crypto wallet when necessary.
And if you’re interested in low-cost options, note that you can also trade cryptocurrencies with fee-free brokerages like Webull and Robinhood.
You would essentially sacrifice a wider range of investments and account features for lower fees and limited cryptocurrency options.
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