Best Cryptocurrency Apps For Trading And Investing

Choosing the best cryptocurrency app can be a daunting task. This is thanks to the hundreds of options awash on the internet. With crypto scams populating the internet, most people are unable to trust cryptocurrency platforms.

Luckily, in this article, we will look at 10 most popular and trusted crypto apps you can use today. But first, let’s see what an ideal app should offer. Let’s get into it.

What to consider when settling for the best app for cryptocurrency trading

Before settling for a crypto app, consider the following aspects:

• Security 

Ensure the platform of choice is legitimate and has top-notch security features. Examples of companies such as Mt. Gox serve as a serious warning. Avoid platforms that run pump-and-dump schemes. If possible, register with the most popular platforms.

• Funding method

While this varies between platforms, ensure your choice supports the money transfer methods you use. Some accept PayPal, debit cards, Google Pay, Apple Pay, and more. Also, consider the duration it will take for the money to reflect on your account.

• Supported cryptocurrencies 

Platforms support different tokens. For example, one may support 10 while another may support over 200. Whichever the case, go for one that supports your tokens of choice.

• Trading fees

Again, platforms offer different trading fees. Some charge a fee per transaction while others don’t. Also, your funding method can attract a different fee.

How to trade using the best crypto app

• Open an account

First off, you need to open an account with a crypto brokerage. Coinbase, Binance, and BlockFi are some of the most popular. Ensure to consider funding methods, security, and other aspects we’ve discussed above.

• Fund your account

Once you open and verify your account, you can fund it through the supported methods. This can be a debit card, PayPal, or others. You should also consider the fees for using either.

• Select your preferred token

Now it’s time to choose crypto to invest in. Most traders will choose Bitcoin and Ethereum since they are liquid and stable. While altcoins are riskier, they have a higher return potential. 

• Choose a strategy

Will you use technical or fundamental analysis? Whichever the case, go for a strategy that enables you to meet your goals.

• Buy or open a wallet

Wallets come in hot and cold designs. Hot wallets are online wallets. While they are easy to open and access, they are more susceptible to hacking. Cold wallets resemble a flash drive. They are physical and hence cannot be hacked. Ledger is the leading brand in cold wallets. 

Best 11 cryptocurrency apps 

• Coinbase 

First on the list is Coinbase, an America-based cryptocurrency company. It is popular among crypto enthusiasts thanks to the comprehensive user interface. With it, exchanging, buying, and selling cryptocurrency is a walk in the park. It is also beginner-friendly thanks to the intuitive design.

You’ll find over 100 cryptocurrencies to add to your portfolio. From Bitcoin, Ethereum, and Litecoin, the platform has all the most popular and stable cryptocurrencies. The company boasts of over 90 million active users as of writing. Its asset value is capped at $278 billion making it one of the most trusted platforms.

If you are a beginner, you can opt for the standard Coinbase platform since it is easier to use. Advanced cryptocurrency traders can use Coinbase Pro, which offers advanced features. 

About the company

The company was established in 2012 and has since attracted users from over 100 countries. It also boasts over 3,000 employees around the globe. Interestingly, the company does not have headquarters. Everything is decentralized. 

Features 

• An easy-to-use user interface.
• Supports many cryptocurrencies.
• Available in many countries.
• Allows users to earn cryptocurrency by completing simple tasks 

Fees

Unfortunately, Coinbase has some of the highest trading fees. Let’s look at them:

• less than $10 – $0.99
• $10 to $25 – $1.49
• $25 to $50 – $1.99
• $50 to $200 – $2.99
• Trades above $200 are based on percentages

In addition, Coinbase charges different fees depending on your funding and withdrawal method:

• USD wallet – 1.49%
• Bank account – 1.49%
• Credit/Debit card – 3.99%
• ACH transfer – free
• Wire transfer – $25 for outgoing and $10 for incoming 

Besides the above fees, you’ll have to pay a 0.50% spread-base per transaction.

Website: Coinbase

• BlockFi 

Next off, we have BlockFi, a cryptocurrency platform ideal for intermediate to advanced traders. As you’d expect, it comes in a rather complicated user interface. It not only enables you to trade cryptocurrencies but also buy and sell other crypto-based products. The platform has over 1 million active users and an asset base of over $10 billion.

Unlike Coinbase, you can only trade a handful of cryptocurrencies while allowing you to access other services such as crypto loans and rewards, among others. You can also open an interesting earning account for long-term investment. Some of the cryptocurrencies include Bitcoin, Dai, Tether, Gemini Dollar, and Ethereum. 

About the company

The company was founded in 2017 with its headquarters based in Jersey City. This is unlike Coinbase, which is decentralized. The company’s main mission is to give people access to banking services, who would otherwise miss out on conventional services. It has more than 800 employees spanning different countries. 

Features 

• It only has 13 cryptocurrencies 
• Ideal for intermediate and advanced traders 
• It has an Android and iOS app
• It does not impose trading fees 
• Uses cold storage to store its assets 

Fees

The company only charges withdrawal fees, which can also be free depending on the digital asset.

Website: BlockFi

• eToro 

eToro is among the best apps cryptocurrency. With it, you can copy the trading strategies of some of the best traders. And if you are one of them, you can earn crypto by sharing your trading strategies. Not only can you trade crypto, but also forex and other assets. It is in fact touted as the best app to invest in cryptocurrency for non-USA traders.

About the company

The company was one of the early adopters of cryptocurrencies, introducing Bitcoin in 2014. Since then, it supports more than 40 cryptocurrencies such as Ethereum and Ripple. As you can see, the platform is therefore ideal for a seasoned trader, given the sheer number of assets you can choose from.

eToro is both web and mobile-based allowing you to sync accounts between devices. You can deposit fiat currency through your direct bank transfer or debit card. While it offers basic trading functionalities, it lacks more advanced ones such as advanced charts. 

Trading experience 

The company is also hailed for providing secure trading thanks to the transparent regulations it imposes. If you choose to open the more advanced eToroX account, your assets will be more secure since they store them in cold storage. Besides, you have to activate the two-factor (2FA) authentication to continue trading. 

Features 

• one of the most established crypto company
• Safest thanks to stringent regulations
• Enables non-U.S. traders to trade stocks 
• The only platform that allows traders to copy trading strategies

Fees

U.S. traders don’t pay a withdrawal fee, however, there’s a $30 withdrawal limit. The company also charges an inactivity charge of $10 for accounts dormant for over a year. You’ll also pay a fee for transferring crypto from the trading platform to the eToro Money wallet.

Website: eToro

• Robinhood 

If you are looking for a mobile-friendly platform, Robinhood is the perfect bet for you. Robinhood allows you to trade cryptocurrencies, stocks, and other assets. During its formative years, it was the only company that did not charge commissions. This made it a favorite for professional and beginner crypto traders. 

And to date, it continues to attract young and tech-savvy traders, thanks to its ease of use and numerous trading options. While one of the fastest-growing platforms, it has recently fallen out of grace with investors and regulators. Last year, lawsuits were filed against the company with many criticizing it for insider trading.

About the company

Having said that, the company enjoys a robust user base of over 13 million. In fact, most of the traders are 31 years and below. While it might not have the financial might of other large crypto companies, the company enjoys the support of young traders. Thanks to the easy-to-use platform, it is an ideal option for novice traders. 

Trading experience 

You can find many cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, and others. The straightforward interface allows for fast and simple trading. You’ll get basic features such as crypto news, basic charts, and others. There’s also limited customization which can make trading for experienced traders boring. 

Features 

• The company allows you to open an account with zero balance. Besides, their transaction fees are low. 
• It has an easy-to-use interface making it an ideal option for beginners.
• For advanced trading, traders pay $5 per month to access Robinhood Gold. 
• There’s a 30-day trial period for Robinhood Gold.
• It is mobile and web-based

Fees

There are no fees.

Website: Robinhood 

• Binance

Binance is one of the most popular cryptocurrency companies in the world. It offers its services to many countries with limited trading options for U.S. citizens. Having said that, it has a wide range of cryptocurrencies and other digital assets such as NFTs. Traders enjoy low trading fees, crypto loans, rewards, and others.

Unlike Robinhood, Binance has a steep learning curve, thanks to its many features and trading options. As such, it is not ideal for beginners. However, there are video tutorials to help you navigate through the many menus. Whether on the mobile or web version, Binance provides the user with hundreds of cryptocurrencies and trading features.

You also get trading features such as futures, stop-limit orders, and more. If you are an intermediate or advanced trader, Binance will no doubt be a favorite. Unfortunately, traders in the USA have limited access to features and cryptocurrencies. While others enjoy hundreds of options, they can only trade 65 cryptocurrencies. 

 About the company

Changpeng Zhao, a Chinese software developer, founded the company in 2017. Initially, it was based in China, but due to stringent regulations, it moved its headquarters to the Cayman Islands. The company also boasts of a robust academy: Binance Academy. Its main aim is to educate people about cryptocurrency, especially in developing countries.

While it enjoys billions of transactions globally, the same cannot be said in the USA. In fact, it has a different platform – Binanace.us – for U.S. customers. The company is also under investigation in the USA, United Kingdom, Japan, and Thailand.  

Trading experience 

Opening an account is as easy as visiting their website, clicking on “Get Started”, enabling 2FA, and linking your method of payment. Once you receive a confirmation email, you can fund your wallet and start trading.

It has comprehensive charting tools, allowing you to make real-time decisions. You can use moving averages and other strategies from the platform. You can view your trading history, order completed, and others. In addition, it allows P2P transactions allowing people with no debit cards to fund their wallets directly. 

Features 

• It offers P2P trading, making cryptocurrency accessible to most people.
• It has a different platform for U.S. customers.
• P2P transactions attract no fees.
• The platform can be confusing for beginners.
• Has some of the lowest fees in the market.

Fees

As mentioned, Binance has some of the lowest fees in the industry. Here is the breakdown:

• Trading fees – 0.00% to 0/1%
• Converting crypto – free
• Buying and selling crypto – 0.50%
• ACH transfer – free
• Debit card – 4.5%
• Wire transfer – $15 (U.S. customers)

Website: Binance 

• Gemini 

If you are looking for the best app to invest in cryptocurrency, Gemini should be a top priority. The company is hailed for its customer services and robust hot wallet. It also has a user-friendly interface making it a favorite for most beginners. What’s more, it has strong security ensuring your assets are safe from hackers. 

It allows traders to trade buy and sell at least 100 cryptocurrencies. You can find popular ones such as Ethereum, Dogecoin, Litecoin, and Bitcoin Cash. Besides, there are other services such as credit rewards, interest-earning accounts, and more. The company also allows traders to pay retailers through the platform. And the best part, the company is in good books, hence its presence in all 50 U.S. states. 

About the company 

Cameron and Tyler Winklevoss founded Gemini in 2014. This is after they lacked a secure platform to hold their crypto. It is for this reason they created one of the safest hot wallets on the market. The main goal of the company is to build and maintain trust among its users. The company’s main pillars of operation are compliance, security, licensing, and product.

As you’d expect, their focus on these four pillars has seen them accept fewer than 100 cryptocurrencies. Nevertheless, Gemini is still a favorite for novice and advanced traders, thanks to its focus on security and compliance. Relevant bodies have certified the company, awarding it SOC 2 Certification. 

Trading experience 

Like other platforms, you’ll need to provide your email, name, and password. Once registered, you’ll receive a confirmation email after which you’ll enable two-factor authentication. Next, you’ll go through the verification process so you can start trading.

Buying and selling cryptocurrency is easy thanks to the beginner-friendly interface. Besides, there’s a support page where you can find helpful articles. If you are an advanced trader, the ActiveTrader platform will make your trading seamless. You’ll find advanced features such as real-time charting tools. 

 Features 

• A secure hot wallet.
• Easy to use interface.
• Supports around 100 cryptocurrencies.
• The only SOC 2-certified company.
• Mobile and web-based.

Fees

Gemini has a taker and maker fee model. It also charges differently depending on the platform you are using. Trades between $50 and $200, attract a fee of up to $2.99 while anything greater than $200 will attract a 1.49% fee. 

Website: Gemini 

• Crypto.com

Crypto.com is among the best apps cryptocurrency thanks to its comprehensive interface. Here, you can stake, invest, and trade popular cryptocurrencies. Besides, you can invest in NFTs and other immerging digital assets. With over 250 cryptocurrencies, the platform offers a wide range of trading options.

It also allows you to stake or hold their digital asset for a certain period and earn an interest of up to 14.5%. Therefore, if you are looking for a platform for long-term investment in cryptocurrency, this is the perfect choice for you. 

About the company 

Crypto.com was founded in 2016 by Rafael Melo, Kris Marszalek, Gary Or, and Bobby Bao. Initially based in Hong Kong, it has since moved to Singapore. It boasts of more than 50 million global users and 4,000 employees based in different countries. Customers from over 990 countries enjoy its services. 

Crypto.com is a favorite for many thanks to its low fees and many cryptocurrencies. And thanks to the easy-to-use website and mobile apps, it has become a preference among most beginners. It is the best app to invest in cryptocurrency if you are looking for more than trading. 

Trading experience 

To open an account, you can use either the mobile app or website. Whichever the case, enter your name, email, and password to register for an account. Next, open the confirmation email and proceed to the verification section. Here, you need to take a selfie, provide a photo of your ID, and enter your name. Once completed successfully, you can start trading. 

You can trade on Crypto.com’s website or mobile app. The mobile app is however the most ideal given its straightforward design. Here, you can view your portfolio, trading history, and movement in the market. The chart tools are also basic allowing beginners to identify trends easily. 

Features 

• The platform has a straightforward mobile app.
• Buying and selling cryptocurrency is easy.
• Offers over 250 cryptocurrencies.
• Offers other cryptocurrency products such as NFTs.
• Competitive fees compared to other platforms.

Fees

Customers with a trade volume of less than $25,000 per month pay 0.4%. Traders with a volume trade larger than $25,000 are eligible for a fee of 0.04% maker and 0.1% taker. 

Website: Crypto.com

• Bitstamp 

Bitstamp is one of the oldest cryptocurrency exchange platforms. Thanks to this longevity, many traders trust it. It is the best app to buy cryptocurrency for casual and beginner traders. This is thanks to its simple user interface layout and low rates. 

The platform supports 54 cryptocurrencies such as Bitcoin and Ethereum. You can choose to use the mobile app, ActiveTrading platform, or the online trading platform. The best part, all three options are beginner-friendly. 

About the company 

Bitstamp was founded in Slovenia in 2011. It has several locations such as London, New York, and Luxembourg. Traders can exchange fiat currency such as EUR and USD for cryptocurrency. It boasts of over 4 million global customers.

As you’d expect, it comes with basic trading features making it an ideal option for beginners. It also has an API allowing traders to develop software to allow easy control of their accounts. 

Trading experience 

Opening a Bitstamp account is easy and will take you less than 10 minutes. All you need is your email address, name, and preferred password. Once you enable multi-factor authentication, you’ll be redirected to the Know Your Customer (KYC) page.

Here, you’ll upload an image of your ID and a short video based on the prompts given. Completing these steps will see your account go under review. Upon receiving the activation email, you can fund your account and start trading. 

If you choose to use the mobile app, you’ll use similar features to those on the web-based app. The Tradeview option is however more comprehensive making it ideal for advanced traders. Overall, Bitstamp is a beginner-friendly cryptocurrency platform. 

Features 

• Easy-to-use mobile app.
• It is the oldest cryptocurrency platform.
• Has the least number of cryptocurrencies.
• Competitive trading fees.
• Tradeview option provides a more comprehensive trading experience.

Fees

All trade fees start at 0.05%, differing with trade volume. A monthly trade volume of over $10,000 can attract a fee of a whopping 0%. Payment methods also attract different fees. Let’s break them down:

• Wire transfer – 0.05% for deposits and 0.1% for withdrawals.
• USD wallet – flat fee.
• ACH transfer – free
• Crypto conversion – varies 

Website: Bitstamp

• Kraken 

Like Bitstamp, it is among the oldest cryptocurrency exchange platform. As you’d expect, you can trade popular cryptocurrencies such as Bitcoin with ease. In fact, it has a list of more than 90 cryptocurrencies. Besides, it offers futures trading and margin accounts giving you a wide array of trading options. 

About the company

Kraken was founded in 2011 in San Francisco. It serves customers in 48 U.S. states and millions of global traders in 176 countries. Unfortunately, the company does not accept traders from Iran, Cuba, and North Korea. To cater to the needs of advanced traders, the company also offers Kraken Pro, which comes with advanced features. 

Trading experience 

Like other cryptocurrency exchange platforms, all you need is your name, email address, and password to open an account. You’ll also go through the Know Your Customer process to verify your details. If you don’t, you will have access to limited features.

Trading on the basic Kraken platform is straightforward. You can easily fund your account and buy and sell crypto with the press of a button. Besides, you can stake any cryptocurrency and earn an interest of up to 23%.

The same case applies to Kraken Pro. It is straightforward to an advanced trader. It has a comprehensive interface with premium features. You can open, close orders, and watch trend movement on the chart.

Features

• It is ideal for beginner and advanced traders.
• The Kraken Pro offers premium features, making trading more engaging and fun.
• The pricing is competitive compared to other platforms.
• It supports over 90 cryptocurrencies such as Solana, Cardano, and Ethereum.
• Compared to other platforms, it has a simple user interface.

Fees

Fees differ depending on the cryptocurrency you are buying. In addition, the spread fees also dictate the final price. Buying popular cryptocurrencies will attract a fee of 1.5% while stablecoins command a fee of 0.9%.

Website: Kraken 

• Coinmama 

Finally, you can opt for Coinmama, touted as the best app to buy a cryptocurrency for casual traders. While it offers a user-friendly experience, it lacks features. As such, it is not an ideal option for serious traders. Having said that, beginners can use the platform to make their feet wet. 

The company also has a small list of cryptocurrencies and does not come with a wallet. This means you’ll have to use a third-party wallet. Trading features are also basic meaning you can miss crucial market movements.

About the company

Coinmama was launched in 2013 and has a user base of over 3 million. Based in Ireland, the company is the brainchild of Ilan Schuster, Laurence Newman, and Nimrod Gruber. The company has only nine cryptocurrencies with Bitcoin and Ethereum being the most popular.

Trading experience 

Opening a Coinmama account is similar to other platforms. Ensure you have a valid ID since they’ll its details to verify your identity. As you’d expect, trading on the platform is super easy, thanks to the limited trading options. You can fund your account through credit cards, Apple Pay, bank transfers, or Google Pay. 

Features 

• Allows you to buy up to $5,000 using a debit card and $15,000 when using a bank transfer.
• It only offers nine cryptocurrencies.
• The simplest platform to start your cryptocurrency trading journey.

Fees

Fees depend on the tier you are in. Those in the Curious tier attract a fee of 3.9%. Enthusiasts attract a fee of 3.41% while Believers pay a 2.93% fee.

Website: Coinmama

FAQ

What apps can I buy cryptocurrency?

You can buy cryptocurrency from either of the above apps.

Which is the best app for beginners?

Gemini and Coinmama are the best apps for novice traders.

What is the safest cryptocurrency app?

While all the above apps are safe, most traders view eToro as the safest.