Are you looking out for the best crypto you can own or use in the U.S? Then this guide is for you.
The cryptocurrency market is estimated to be worth more than $ 3 trillion. This action has resulted from the quadrupling of digital assets and investor confidence in more established tokens such as Bitcoin and Ethereum. To date, there are more than 5000 different cryptocurrencies in circulation.
In the United States alone, the demand for cryptocurrencies has attracted many people, with more than 6% of the population owning or using crypto in their day-to-day financial activities. That is why the demand for cryptocurrency in the US has experienced a 3000% rise the last year. Besides, many investors are entrusting their money to the crypto market.
This guide enlightens you on the top cryptocurrencies in the US and first of all, shows the best cryptocurrencies in U.S, followed by the top exchanges.
Top 20 sites for buying or selling crypto in the US
This is the toplist with the crypto platforms and exchanges which accept customers from the US. Remember that there are strict restrictions what people in the US are allowed to do when it comes to crypto currencies. So make sure that you read up on the regulatory restrictions as well as the terms and conditions with a specific crypto site and consider what is allowed or not allowed. Crypto is extremely volatile and not suitable for everyone to invest in. Never speculate with money that you cannot afford to loose.
Go directly to
- 1 Top 20 sites for buying or selling crypto in the US
- 1.1 How to choose a cryptocurrency of interest in the United States?
- 1.2 Which are the top cryptocurrencies in the US 2022?
- 1.3 What to consider when choosing a crypto exchange?
- 1.4 Asset choices in the American cryptocurrency market
- 1.5 Crypto exchange guide
- 1.6 Crypto exchanges available in the US
- 1.7 How much should I deposit?
How to choose a cryptocurrency of interest in the United States?
Nowadays, in the United States, hundreds of cryptocurrencies are available in the market. That is why it is challenging for you to determine the best cryptocurrency available in the market. The following tips will help you choose the best cryptocurrency.
The white paper
When a new cryptocurrency is released, it comes out with a white paper that outlines the coin’s objective and technology. Before investing in any cryptocurrency, reading the white paper is not optional but paramount.
Cryptocurrency depends on the underlying technology to succeed.
It is good to understand how each crypto is performing against its competitor. Good crypto has the best technology that completely disrupts the industry.
Any cryptocurrency to succeed requires a strong community loyal to its course. The community should have a genuine interest and belief in it. Running through social media platforms, you will identify this community, understand their hype and ease your decision making on which crypto you should invest with ease.
Checking out the team behind a cryptocurrency is a crucial factor each investor should not underestimate. Look out for their ambitions, proven track records, and expertise.
Besides, check if they have invested in the project, their reputation, and their opinion about the coin. As a result, you will be informed of their ability to steer the project to success.
Although most people don’t know what they should look at when they aspire to see the pricing history. With cryptocurrency, you should focus on the pricing fluctuation of the coin in the past. This action will enable an investor to know the volatility of the coin value, its resilience during a big dip, and its price at an all-time high.
Which are the top cryptocurrencies in the US 2022?
There are numerous cryptocurrencies available in the market. Here are some of the top cryptocurrencies in the US 2022.
Cardano is one of the rising stars of cryptocurrencies in the market. It is a decentralized, open-source, public blockchain platform known for embracing proof of stake validation early.
Its design speeds up transaction time by eliminating the competitive aspect of verifying transactions in other platforms such as bitcoins.
Its internal cryptocurrency, ADA, has grown by over 7.85% this year and is expected to grow tremendously in 2022.
Another of top latest cryptocurrency in the United States is the Binance coin. It is one of the largest crypto exchanges worldwide in trading volumes. Traders use Binance coin as a utility token for paying for transactions and trading fees at a lower price. BNB maintains a hard limit circulation of 200million BNB tokens. The limit is helping the token rise exponentially.
Avalanche is one of the fastest intelligent contracts platforms in the blockchain industry. Its native token AVAX guarantees transaction security coupled with high speed that scales up to a trillion per second. Avalanche allow users to transfer cryptocurrencies from one blockchain to another.
One of the latest cryptocurrencies in the US and with the best potential in 2022 is Dogecoin. Starting in 2013, this cryptocurrency has significantly grown in market share thanks to creating memes and a dedicated community. Unlike most cryptos, such as BTC, Dogecoin does not limit the number of coins created. That is why this currency is susceptible to devaluation as supply increases.
What to consider when choosing a crypto exchange?
Before exploring the cryptocurrency trading world, you must consider essential factors when choosing the best crypto exchange. Some of the crucial factors to consider include.
One of the essential factors you should consider when choosing a cryptocurrency exchange is the fees. It is advisable to determine the number of fees you will have to pay on different exchange transactions you choose. If you are a beginner in trading with significantly low trading volume, paying a relatively lower transaction fee is best.
However, the more you gain experience in trading, your trading volume increases. That way, it will be worth looking for a more expensive fee exchange to provide you with an additional edge and better cryptocurrencies exchanges.
Security is a vital factor to consider when choosing the best crypto exchange. It is vital to ensure that your ideal crypto exchange is safe, secure, and not easily hacked. As a result, It will be worth considering a business that has been operating for the longest time, with lots of customers and good reviews of having minor problems.
Also, it is best to consider one with extra security features such cloud wallet, multi-signature wallet, among others.
An exchange Jurisdiction is the first factor you need to find out while choosing your ideal crypto exchange. Exchange Jurisdiction reveals their target market and countries where they can conduct their businesses.
Check whether the crypto exchange you choose serves customers from your country. If it doesn’t, you will not be able to use it.
Liquidity plays a crucial role while investing in cryptocurrency. Liquidity helps crypto traders to trade any time without much hustle. That means an exchange needs to have a high volume of orders flowing through its order books at any time. And for an exchange to attain such importance, it must have either ton of users or users holding large amounts of assets on the crypto exchange and trades them frequently.
When an exchange has a low volume of orders, no trader will buy or sell the coins investors want to liquidate. Also, a small amount of orders results in high prices; hence the investors will have to pay more than usual therefore losing some potential profit.
In addition, high liquidity helps control volatility in the crypto market.
Check out the method of purchase.
When you purchase your crypto of choice, it is vital to ensure your crypto platform can support any deposit such as a bank, PayPal or debit and credit cards. It is good to study all the several payments a site offers and go for the best platform that will work well for you.
Asset choices in the American cryptocurrency market
There are thousands of different types of cryptocurrencies in the market. Hence it is best to find out if the exchange you choose offers an asset of your choice. Furthermore, no crypto exchange makes all types of cryptocurrencies available.
In general, if you are looking for an exchange with higher cap coins, they are primarily traded on well-known exchanges. But if you need exotic, smaller traded coins, you are most likely traded in smaller exchanges. In case you would like to see some of the best websites where to buy cryptocurrencies, have a look at the following exchanges.
Crypto exchange guide
Are you thinking of investing in cryptocurrency? Then accessing an exchange platform is a place where your journey will begin. Cryptocurrency exchanges are online sites where you can purchase and sell cryptocurrency. Nonetheless, these online sites are intermediaries that allow buyers and sellers to trade cryptocurrencies using fiat money.
How does it work
A cryptocurrency exchange is a brokerage between the buyer and the seller. As a buyer, the first step entails the identification of a credible platform using history and the benefits it offers you as a trader.
Then you will register to open a trading account using a procedure that is user friendly. Also, you can download an app and create an account using it.
After creating an account using your email, you will receive verification information. All you need is to go ahead and verify your email address id. Then you will set your password and launch yourself into the world of cryptocurrency.
Once you have registered, this platform will allow the purchaser to deposit money using verified methods like UPI direct bank transfer, debit, or credit cards.
Crypto exchanges available in the US
The following are the main types of crypto exchanges in the United States.
These exchanges can be distinguished by their simplicity, availability and speed. The product Is usable by traders of different expertise levels, such as beginners or professionals. Besides, retail exchanges are said to be unique through their intuitive interfaces. They are also more user friendly to new users who lack experience.
However, retailers work in several ways. Some of them are purposed to provide crypto to crypto exchanges and fiat to crypto trades.
Peer-to-peer exchanges usually are bridges connecting two traders. Most of them have a specific percentage of the fixed sum charged to traders for their services in their platform. Also, they help you to contact the vendor directly and negotiate the price. However, the transfer is made in different options like barter, bank transfer, and live meeting. In addition, they assist traders by ensuring non get cheated.
This type of exchange is new. Also, it is a non-custodial exchange that does not handle any funds independently. Nonetheless, this software uses a unique network when sending wallet-to-wallet trading. The software keeps your privacy and protects your fund against theft.
How much should I deposit?
In the U.S, you can invest any amount in crypto. But it is good to be cautious of your budget. Also, it is vital to mitigate the risk of buying an asset by checking out its volatility before you invest. Nevertheless, some experience investors are motivated by the high volatility. These buyers believe that high volatility creates a higher possibility of returns.
In the US, digital assets have quadrupled as more investors are gaining confidence with established tokens. Also, it is good to note that digital currencies have become part of the mainstream financial landscape in the US. However, the above digital currencies have immerged and are worth investing in in 2022.