Best Apps to Purchase Bitcoin in the USA

As Bitcoin continues to gain popularity, more people in the USA are looking for reliable and convenient ways to purchase this cryptocurrency. Whether you're a seasoned investor or a newbie to the world of digital currencies, finding the right app to buy Bitcoin is crucial. This article will explore some of the best apps to purchase Bitcoin in the USA, providing detailed insights into their features, fees, and user experiences.

1. Coinbase

Coinbase is often the go-to platform for beginners and experienced users alike. It’s one of the most popular and user-friendly apps available in the USA. Coinbase allows you to buy Bitcoin and other cryptocurrencies directly with USD through a bank account, credit card, or debit card.

Key Features:

• Ease of Use: Coinbase is designed with simplicity in mind, making it perfect for beginners.
• Security: It offers strong security features, including two-factor authentication and insurance on digital assets.
• Variety of Cryptocurrencies: Beyond Bitcoin, Coinbase supports a wide range of cryptocurrencies.
• Educational Resources: The app provides educational content to help users understand the cryptocurrency market better.

Fees:
Coinbase charges a spread of about 0.5% for cryptocurrency purchases and sales, along with a flat fee depending on the amount. For example, a purchase under $200 will incur a fee ranging from $0.99 to $2.99.

User Experience:
Users praise Coinbase for its intuitive interface and comprehensive support resources. However, some criticize the fees as being on the higher side compared to other platforms.

2. Binance.US

Binance.US is a branch of the globally recognized Binance exchange, tailored for American users. It offers a wide array of cryptocurrencies and is known for its low fees.

Key Features:

• Low Fees: Binance.US charges some of the lowest fees in the market, making it ideal for frequent traders.
• Advanced Trading Options: It offers more advanced trading features such as spot trading, which may appeal to more experienced users.
• Wide Cryptocurrency Selection: Over 50 cryptocurrencies are available, including Bitcoin, Ethereum, and smaller altcoins.

Fees:
Binance.US charges a flat fee of 0.1% on trades, which is significantly lower than many competitors. It also offers discounts for users who pay fees with Binance’s own cryptocurrency, BNB.

User Experience:
While Binance.US is praised for its low fees and extensive range of cryptocurrencies, its complex interface may be overwhelming for beginners.

3. Cash App

Cash App, developed by Square Inc., is a popular peer-to-peer payment service that also allows users to buy Bitcoin. It’s especially appealing to those who already use the app for other financial transactions.

Key Features:

• Simplicity: The app’s simple interface makes it easy to purchase Bitcoin with just a few taps.
• Instant Transfers: Users can transfer Bitcoin instantly to other Cash App users.
• Integration with Banking Services: Cash App allows users to buy Bitcoin directly from their linked bank accounts or use funds stored in the app.

Fees:
Cash App charges two types of fees: a service fee for each transaction and, depending on market activity, an additional fee determined by price volatility across U.S. exchanges. Fees are clearly displayed before you complete a transaction.

User Experience:
Users appreciate the ease of use and integration with other financial services, but some note that the app’s Bitcoin features are limited compared to dedicated cryptocurrency exchanges.

4. Kraken

Kraken is another well-known cryptocurrency exchange that is available to U.S. users. It’s particularly favored by those looking for a platform with robust security features and advanced trading options.

Key Features:

• Security: Kraken offers industry-leading security features, including two-factor authentication and cold storage of funds.
• Advanced Trading Options: Kraken supports margin trading, futures trading, and staking, appealing to more experienced traders.
• Educational Resources: Kraken provides an array of tools and resources to help users make informed trading decisions.

Fees:
Kraken’s fees vary depending on the trading volume. For most trades, the fee ranges from 0.16% to 0.26%. Kraken also offers discounts for high-volume trading.

User Experience:
Kraken is praised for its security and advanced features, but some users find its interface less intuitive than simpler apps like Coinbase or Cash App.

5. Gemini

Gemini is a regulated cryptocurrency exchange based in the USA, known for its strong compliance with regulations and secure platform.

Key Features:

• Regulated Exchange: Gemini is one of the few exchanges that are fully regulated in the USA, which gives users added confidence.
• Insurance: Digital assets held on Gemini are insured, offering an extra layer of protection for users.
• User-Friendly Interface: The platform is designed to be accessible to both beginners and advanced users.

Fees:
Gemini’s fee structure can be complex. For transactions under $200, there’s a flat fee ranging from $0.99 to $2.99, similar to Coinbase. For transactions over $200, a 1.49% fee is charged.

User Experience:
Gemini is highly regarded for its security and regulatory compliance, but its fee structure may be seen as less competitive compared to platforms like Binance.US.

6. Robinhood

Robinhood is a commission-free stock and cryptocurrency trading app that has become popular among younger investors. While it’s primarily known for stock trading, Robinhood also allows users to buy and sell Bitcoin and a few other cryptocurrencies.

Key Features:

• Commission-Free Trading: Robinhood’s biggest draw is its commission-free trading, making it a cost-effective choice for buying Bitcoin.
• Integrated Investment Platform: Users can trade stocks, ETFs, options, and cryptocurrencies all in one place.
• Simple Interface: Robinhood’s interface is designed to be intuitive, especially for those new to investing.

Fees:
Robinhood doesn’t charge any fees for buying or selling Bitcoin, but it should be noted that there is a spread (difference between buy and sell price) that could indirectly affect costs.

User Experience:
Robinhood’s commission-free model and integrated platform are appealing, but the app has faced criticism for lacking advanced features and customer support, particularly during periods of high market volatility.

7. eToro

eToro is a social trading platform that allows users to copy the trades of experienced investors. It has expanded its services to include cryptocurrency trading, including Bitcoin.

Key Features:

• Social Trading: eToro’s standout feature is its ability to let users copy the trades of successful investors.
• Wide Range of Assets: In addition to cryptocurrencies, eToro offers stocks, commodities, and ETFs.
• User-Friendly Interface: The app is designed to be accessible to both beginners and more advanced traders.

Fees:
eToro charges a 1% fee for buying or selling cryptocurrencies, which is added to the market price. There are also fees for withdrawals and inactivity, making it important to consider how often you’ll use the platform.

User Experience:
eToro’s social trading features are particularly popular among beginners who want to learn from more experienced traders. However, some users may find the fees higher than other platforms.

8. SoFi Invest

SoFi Invest is a financial app that offers a variety of investment options, including cryptocurrency trading. It’s a good choice for those who want to manage all their investments in one place.

Key Features:

• Integrated Financial Services: SoFi Invest allows users to manage stocks, ETFs, and cryptocurrencies all in one app.
• Zero Account Fees: There are no account management fees, which can make it a cost-effective option for some users.
• Educational Resources: SoFi offers various resources to help users understand the investment landscape better.

Fees:
SoFi doesn’t charge fees for trading cryptocurrencies, but like Robinhood, there is a spread that can indirectly affect costs.

User Experience:
SoFi is appreciated for its integrated financial services and ease of use, making it a good option for those who want to manage multiple types of investments. However, its cryptocurrency offerings are somewhat limited compared to dedicated exchanges.

Conclusion

When choosing an app to purchase Bitcoin in the USA, it’s essential to consider your personal needs and trading experience. Coinbase is an excellent choice for beginners due to its user-friendly interface and robust security. Binance.US is ideal for those who prioritize low fees and a wide range of cryptocurrencies. Cash App and Robinhood are convenient for users who already utilize their other financial services, while Kraken and Gemini offer advanced features and security for more experienced traders. eToro stands out with its social trading features, and SoFi Invest is perfect for those looking to manage all their investments in one place. Each platform has its strengths and weaknesses, so consider what matters most to you—whether it’s ease of use, low fees, or access to a wide range of cryptocurrencies.