There is no doubt that crypto trading has gained immense popularity in the past few years. What once was a niche sector has grown into a multi-billion dollar industry. The solutions such as automated bots have only fueled the adoption of this trend.
But if you are a new trader from a country like the United States, you will also have a number of questions before you can start using these bots. Exactly what kind of tools are suitable for you? What type of bots offer the features you need? And most importantly, which platforms will even work for you in the first place?
To help you find the answers to these burning questions, here’s all you need to know about trading bots and cryptocurrency exchanges to use in the US.
Is Bot Trading Available for US Traders?
While USA has more trading regulations in place than many other countries, it is still possible for you to use bots. But here’s the deal: the key is using a crypto exchange that is allowed to operate in the US and complies with all available regulations in the country.
It is because most popular international exchanges such as Huobi and Binance do not cater to US citizens in their original form, and often direct United States residents to their local partners in the form of HBUS and Binance US, respectively.
While that is not necessarily a questionable practice, it still pulls support from crypto bots that are built for the original platforms. While some tools offer support for these US-centric platforms, sometimes the bots’ functions remain limited or the exchanges’ services leave a lot to be desired.
This makes it trickier to find popular exchanges that actually allow you to use their original roster of services as a US resident. But even when it’s difficult to find these exchanges, it is not an impossible feat to achieve if you know where to look.
By doing your due diligence and looking into exchanges that are either US-based or which are authorized to fully provide their services in the country, you can easily execute your trading operations without having to compromise on the quality or delivery of services.
What Exchanges Are Best for US Traders?
There are a number of exchanges that are fit to be used with cryptocurrency bots in the United States. Since these exchanges comply with the local regulations for digital asset trading, they are able to serve their customers with a sense of dependability and credibility. This makes sure that you don’t have to worry about the exchange pulling its operations from the US all of a sudden, or seeing its operations being less than what you expected from its global or original platform.
With that, the popularity of these exchanges and their support for application programming interface (API) connectivity also ensures that major crypto bots work with them without any issues. This provides you with plenty of options to choose from and lets you select an automated trading solution that is the perfect fit for you.
Without further ado, here are the top 5 cryptocurrency exchanges that work with trading bots in the US.
Coinbase Pro
While Coinbase Pro was rebranded in 2018, its parent company Coinbase has been active in the cryptocurrency sector since 2012. As a large-scale trading platform, Coinbase Pro provides full support for bots. With various trading pairs and credible services, Coinbase Pro is one of the top US exchanges to use with an automated bot. That’s the reason why you can find Coinbase Pro support on almost all major bot tools.
Bittrex
Another US-based exchange that’s widely known in the cryptocurrency sector is Bittrex. Founded in 2014, it is also one of those digital asset exchanges that offers support for a large variety of cryptocurrencies for you to trade with. Due to Bittrex’s popularity and support for bot trading, it is very easy to find automated tools that work with this exchange.
Kraken
Founded in 2011, Kraken is yet another US-based exchange that is widely recognized by institutional and individual traders alike. With its support for a wide range of cryptocurrencies and various deposit methods, you can easily benefit from what this large scale exchange has to offer. Kraken’s easily accessible approach is one of the many reasons why you can find a multitude of bots that support this exchange.
Gemini
Launched by the famous Winklevoss twins in 2015, Gemini has now become one of the most popular US-based exchanges. What the exchange lacks in supporting a large variety of cryptocurrencies, it makes up for in its top of the line security and pristine reputation. That is why, Gemini is a good option for you if you are looking to trade in only selective cryptocurrencies. Due to its popularity, it is easy to find bots that support this particular exchange.
Bitstamp
Founded in 2011, Bitstamp is a Luxembourg-based exchange that also holds an active presence in the US. With its support for various cryptocurrencies and focus on security, it is one of the very few international exchanges that are allowed to provide their services to US customers. This is why, many automated cryptocurrency bots support Bitstamp and its full roster of solutions.
Conclusion
Finding popular crypto exchanges that work with bots in the US is not that easy. But as shown by the examples cited above, you can still find credible platforms if you are looking for them in the right place.
With that being said, you should still do your own research among these options to see what kind of services, fees and requirements suit your needs the best. While it may take some time, it is a crucial step that will let you enjoy cryptocurrency trading in the long run – and most importantly, at your own terms.
Whichever exchange you end up choosing, make sure that you are also selecting a trading bot that strikes the perfect balance between functionality and credibility. It ensures that you remain free of any issues while also getting the most out of your crypto journey.