Best Apps For Crypto Trading And Investment

Cryptocurrency apps are a dime a dozen, but which ones are worth your time? Here are some of the best apps for investing in cryptocurrency:

- Coinbase: One of the most well-known and user-friendly apps for investing in cryptocurrency, Coinbase offers a wide range of features, including custodian services, eCommerce payment features, and interest-earning accounts. It also has a platform for professional traders called Coinbase Pro.

- Crypto.com: With support for over 350 cryptocurrencies, Crypto.com provides an extensive digital asset trading and investing ecosystem that can be easily accessed through its mobile app.

- Binance: Binance is one of the largest cryptocurrency exchanges in the world, offering a vast selection of cryptocurrency pairs and low trading fees. It also has a mobile app that is available for iOS and Android devices.

- eToro: eToro is a popular brokerage platform that offers a wide range of trading pairs and the ability to copy successful traders' strategies. It is available as a web app and on iOS and Android devices.

- Robinhood Crypto: Robinhood offers an easy-to-use platform for buying and selling crypto with USD. It also has a separate Robinhood Wallet for crypto-to-crypto trading.

- Kraken: Kraken is a highly liquid and reputable cryptocurrency exchange that has been in operation since 2011. It offers low fees, advanced order types, and supports margin and futures trading.

- BitMart: BitMart is a global cryptocurrency exchange that offers a wide range of altcoins, with support for over 1,500 cryptocurrencies. It also provides crypto earning opportunities and trading fee discounts for holders of its native token, BMX.

- Cash App: Cash App is a mobile banking app that allows users to send, spend, bank, and invest in stocks, ETFs, and Bitcoin. It stands out for allowing users to withdraw their Bitcoin to third-party wallets.

Coinbase: beginner-friendly, strong security, advanced trading options, and a wide selection of cryptocurrencies

Coinbase is a beginner-friendly app with strong security measures and advanced trading options. It is available in over 100 countries and offers a wide selection of cryptocurrencies.

Coinbase offers a user-friendly trading experience, robust security, and a range of advanced features for experienced traders. The platform has the look and feel of an online banking app, making it simple for new crypto buyers to navigate. Coinbase also insures the digital funds it holds on behalf of its users and stores U.S. dollar balances in Federal Deposit Insurance Corporation (FDIC)-insured bank accounts to prevent a loss of user funds in the case of a security breach.

Coinbase offers both beginner-friendly and advanced trading platforms, with its Coinbase Wallet catering to new investors and its non-custodial Coinbase Wallet designed for experienced crypto users who want more control over their private keys.

Coinbase has been charged by the U.S. Securities and Exchange Commission (SEC) with allegedly operating as an unregistered securities exchange. Despite this, and the exchange's relatively high fees and poor user feedback, it is still worth considering due to its ease of use.

Kraken: strong emphasis on security, low fees, advanced features, and a large number of supported cryptocurrencies

Kraken is a trusted and safe cryptocurrency exchange platform with a strong emphasis on security, low fees, advanced features, and a large number of supported cryptocurrencies.

Kraken offers a comprehensive approach to protecting your investments in crypto assets and NFTs. It has built-in sophisticated measures to prevent the theft of funds, NFTs, or information. It also offers financial stability, full reserves, healthy banking relationships, and legal compliance. Kraken's security team is made up of top global security professionals who take a risk-based approach to ensure clients' assets are protected at the highest levels. The platform also has strict surveillance and multiple checkpoints during the signup process.

Kraken's fees are considered some of the lowest in the industry. It offers flat purchasing fees, which benefit lower-volume traders. The fees range from 0% to 0.25% per trade for "Makers" and 0.10% to 0.40% for "Takers".

Kraken supports over 200 cryptocurrencies, including popular options like Bitcoin, Ethereum, and Dogecoin, as well as DeFi coins and tokens like Flow (FLOW) and Icon (ICX).

Kraken also offers advanced features such as margin trading of up to 5x leverage, detailed trading charts and histories, 24/7 customer support, and educational resources for beginners.

Gemini: strong security protocols, insures user funds, SOC 2-certified, and supports over 80 digital currencies and tokens

Gemini is a highly secure and reputable cryptocurrency exchange platform based in the United States. It was founded by the Winklevoss twins, who struggled to find a platform where they could securely manage their growing cryptocurrency portfolio. As a result, they built Gemini with a focus on strong security controls and compliance. The platform offers comprehensive trading options and top-notch security measures, focusing on major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Chainlink.

Gemini is known for its strong security protocols and is the world's first SOC 1 Type 2 and SOC 2 Type 2 certified crypto exchange and custodian. It has built a leading security program that develops innovative security solutions to protect its customers and their assets. The platform requires two-factor authentication (2FA) by default to access accounts and make withdrawals. Additionally, it supports hardware security keys like Yubikey for enhanced security.

Gemini also insures user funds, providing an extra layer of protection. The platform is a fiduciary and qualified custodian under New York Banking Law and is licensed by the State of New York to custody digital assets. Gemini Custody® has secured $75 million in cold storage insurance coverage for specific crypto losses. As of March 1, 2024, Gemini maintains $125 million in digital asset insurance for certain types of losses, in addition to the capital reserves required.

In terms of the cryptocurrencies supported, Gemini offers a wide range of options. While it focuses on significant cryptocurrencies, it constantly updates its selection. Over 100 cryptocurrencies are available for custody, including Bitcoin and Ethereum. The platform also offers instant trading from cold storage, allowing users to trade directly with assets held in offline storage while maintaining the highest security standards.

Overall, Gemini is a highly secure and trusted platform for investing in cryptocurrency, offering a range of features that make it a compelling choice for those seeking a safe and regulated exchange.

Crypto.com: comprehensive platform offering a wide range of services, including a wallet, exchange, and crypto credit card

Crypto.com is a leading platform that offers a comprehensive suite of services for investing in and trading cryptocurrencies. With over 100 million users worldwide, it is a trusted and popular choice for beginners and experienced traders alike. One of its key strengths is the wide range of digital assets available, including Bitcoin, Ethereum, and 350+ other cryptocurrencies.

The platform provides a user-friendly interface that simplifies the trading process for all users, particularly those who prefer mobile trading. In addition to its trading capabilities, Crypto.com offers various add-on services, such as the Crypto.com Visa Card, which is linked to users' accounts and offers multiple benefits, including cashback rewards of up to 8%, airport lounge access, and no foreign transaction fees.

For those seeking to expand their knowledge and understanding of the crypto space, Crypto.com also offers a wealth of educational resources. The platform provides industry-leading insights and explanations of crypto terms, ensuring that users can make informed decisions about their investments.

In terms of security, Crypto.com prioritises compliance and protection. The platform holds the highest security rating in the industry, utilising advanced compliance and security certifications to safeguard users' funds.

Overall, Crypto.com is a robust and versatile platform that caters to the diverse needs of crypto enthusiasts. With its extensive range of services, user-friendly interface, and strong security measures, it is well-equipped to support individuals on their crypto journey.

eToro: allows users to copy the trades of successful investors, supports stocks and more than 100 cryptocurrencies

EToro is a platform that allows users to trade in a variety of assets, including stocks, currencies, crypto assets, and ETFs. It has a social trading feature that enables users to follow and copy the trades of successful investors. This makes it ideal for beginners who can leverage the expertise of more experienced traders. eToro supports more than 100 cryptocurrencies and stocks, offering a diverse range of investment options. The platform is user-friendly, making it accessible to traders of all experience levels.

EToro charges a flat 1% fee for buying and selling cryptocurrencies, which is higher than some other exchanges. It may not be suitable for investors looking for advanced trading tools and order types. Additionally, eToro is not available in New York, Nevada, and Hawaii due to geographical restrictions.

Overall, eToro is a great choice for those new to trading or those who want to follow the strategies of experienced traders. Its user-friendly interface and diverse investment options make it a popular platform for crypto and stock trading.

Frequently asked questions