Quick answer
For crypto bots, Binance, OKX and Bybit offer the broadest HMAC-signed REST APIs with test or demo environments; Kraken is the strongest option available to most US residents; Coinbase Advanced Trade is US-friendly but needs per-request JWT signing; Deribit leads for options and Hyperliquid for on-chain perpetuals with wallet-signed orders.
Side-by-side comparison
| API | Markets | Auth | Paper / sandbox | Pricing | In AlgoGP |
|---|---|---|---|---|---|
| Binance | Crypto | REST + API key | Spot testnet with test funds | Free API; trading fees apply | Built into AlgoGP |
| OKX | Crypto, Futures, Options | REST + API key | Demo Trading (same host, x-simulated-trading header) | Free API; trading fees apply | Built into AlgoGPPro |
| Bybit | Crypto | REST + API key | Demo Trading account (api-demo.bybit.com) | Free API; trading fees apply | Built into AlgoGPPro |
| Kraken | Crypto | REST + API key | — | Free API; trading fees apply | Built into AlgoGPPro |
| Coinbase Advanced Trade | Crypto, Futures | Asymmetric / wallet signing | — | Free API; trading fees apply | Guide |
| Deribit | Crypto, Options, Futures | REST + API key | Test environment (test.deribit.com) | Free API; trading fees apply | Built into AlgoGP (data)Pro |
| Hyperliquid | Crypto, On-chain | Asymmetric / wallet signing | Testnet | No API fee; protocol trading fees | Guide |
Which one should you pick?
Binance if you want the deepest liquidity and the most familiar API (Binance.US in the US).
Build with BinanceOKX if you want spot, perpetuals, futures and options in one API with Demo Trading.
Build with OKXBybit if you want derivatives with a well-documented demo service.
Build with BybitKraken if you are in the US and want a long-running regulated exchange.
Build with KrakenDeribit if your strategy trades or reads crypto options.
Build with Deribit
Frequently asked questions
Which crypto exchange API can US residents use?
Kraken, Coinbase Advanced Trade, Binance.US and Alpaca crypto are available to most US residents; Bybit, OKX.com and Deribit are not.
Which exchanges have a crypto testnet?
Binance (spot testnet), Bybit and OKX (Demo Trading), Deribit (test.deribit.com) and Hyperliquid (testnet).
Test the strategy before you pick the API
Describe your idea to AlgoGP’s copilot, backtest it on years of stock, crypto or forex data with realistic costs, then export Python wired to Binance or any built-in broker. Swap the broker later without touching the strategy.
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AlgoGP is not affiliated with any provider listed. Details change; check each provider’s documentation. Nothing here is investment advice.