Amid the push for increased legislation and oversight, the new $1.2 trillion bipartisan infrastructure bill may be the final nail in the coffin for crypto’s anarchic reputation. Despite concerted lobbying from the crypto industry, crypto brokers of all stripes, including cryptocurrency exchanges https://changelly.com/buy/btc/au, are now required to issue a 1099-B, notifying the IRS directly of all crypto transactions. Bipartisan efforts were made in both the House and the Senate to amend the bill but were not successful. All of these developments suggest that the US is finally gearing up to create comprehensive cryptocurrency legislation. Top 10 cryptocurrency exchanges The downside is their fee structure is slightly more confusing. They charge fees for trading crypto but the fees are tiered in different ways for different crypto and varying volume as well. This might make it challenging to figure out the specifics of the fees. You won’t know your exact fees until you’re placing a trade, but those fees are calculated and provided when you trade. 

Kraken has been around for a while now, and is well known — and loved — by many crypto traders around the world. The exchange supports more than 230 cryptocurrencies and boasts arguably the safest digital ecosystem for trading your crypto. Moreover, its advanced trading platform, Kraken Pro, provides a wealth of tools for experienced crypto traders. Why Are Some Crypto Exchanges Not Available in the United States? For example, if you are looking to trade in large amounts of crypto, some exchanges may require a minimum deposit or have maximum withdrawal limits that are unsuitable for your needs. Other exchanges will also charge higher fees for using fiat currency to buy crypto. Similarly, if you are a beginner or intermediate trader who is looking to make smaller trades, an exchange with high fees might not be the best option for you.