Best Apps For Crypto: Invest With Confidence

Cryptocurrency is a hot topic, with many people investing in virtual currencies. However, with so many cryptocurrencies available, deciding where to invest can be challenging. Fortunately, there are many apps to help you buy, sell, and track your coins, and even use them as a virtual wallet. Here are some of the best apps for investing in cryptocurrency:

- Coinbase: One of the most popular cryptocurrency trading platforms, Coinbase offers an easy way to buy and sell Bitcoin, Ethereum, and other digital currencies. The app is available for iOS and Android and also serves as a wallet for your funds.

- Kraken: A cryptocurrency exchange platform that offers a wider range of cryptocurrencies to trade at lower fees than Coinbase. Kraken is ideal for intermediate-to-advanced traders, offering features such as margin trading, detailed trading charts, and 24/7 customer support.

- Gemini: A highly reputable US-based cryptocurrency exchange known for its comprehensive trading options and top-notch security measures. Gemini offers a variety of price alert options and the ability to arrange regular buys.

- Robinhood: A user-friendly and commission-free platform that allows investors to trade stocks, ETFs, options, and cryptocurrency. Robinhood is great for beginners who want to start investing with small amounts.

- eToro: An investment platform that lets you trade in various assets, including stocks, currencies, and crypto. eToro has a social trading feature that enables you to follow and copy the trades of successful investors.

- SoFi: An online personal finance company offering a broad range of financial products and services. SoFi allows customers to trade in 22 different cryptocurrencies and is a top choice for those seeking financial assistance.

- Crypto.com: A leading platform that offers users a wide range of digital assets at low fees. Crypto.com is perfect for those who prefer mobile trading, offering a user-friendly interface and various add-on services such as credit cards.

How to choose the best app for your needs

There are several factors to consider when choosing the best app for your cryptocurrency needs. Here are some essential criteria to help you select the right one:

• Supported assets: If you plan to invest in cryptocurrencies beyond Bitcoin, check the list of supported assets before choosing an app. Some platforms only offer a limited range, while others allow trading of hundreds of different cryptocurrencies.
• Payment methods: Most crypto apps support wire transfers, but if you prefer to use credit or debit cards, or other digital payment methods, make sure the app accommodates your preferred payment option.
• Fees: High fees can quickly eat into your investment returns. Research the fee structure of each app, including trading fees, withdrawal fees, and any other transaction fees. Some platforms offer discounts based on trading volume or the number of tokens held.
• Security: Crypto apps are a prime target for hackers, so prioritize platforms with robust security measures. Look for features such as two-factor authentication, SOC-2 certification, and insurance for user funds.
• Customer service: If you're new to crypto investing, you may need assistance along the way. Choose an app that offers excellent customer support to guide you through any issues or queries.
• Reputation: Research the app's reputation by reading customer reviews, checking its history, and staying informed about any news or regulatory issues that may impact your decision.
• User experience: Opt for an app with a user-friendly interface that suits your level of expertise. Some platforms provide multiple apps or versions to cater to both beginner and advanced traders.

Best apps for beginners

Investing in cryptocurrencies is becoming increasingly popular, and there are many apps available to help beginners get started. Here are some of the best apps for beginners looking to invest in cryptocurrencies:

Coinbase

Coinbase is a popular choice for beginners as it offers a user-friendly platform and a wide range of cryptocurrencies. It has a simple interface that makes it easy to buy and sell crypto and also provides educational content to help new investors learn more about blockchain and crypto. Coinbase also has strong security measures in place and is available in 100+ countries.

EToro

EToro is another great option for beginners as it offers a user-friendly mobile app and a wide range of investment options, including cryptocurrencies, stocks, currencies, and ETFs. eToro also has a social trading feature, allowing users to follow and copy the trades of successful investors. The platform is highly regulated and offers fee-free credit/debit and e-wallet deposits and withdrawals.

Robinhood

Robinhood is an excellent choice for beginners as it offers a simple, user-friendly platform for investing in stocks, ETFs, options, and cryptocurrency. It allows users to buy and sell different cryptocurrencies and also offers instant access to deposits. Robinhood is also commission-free, making it a cost-effective option for beginners.

Gemini

Gemini is a highly secure and reputable cryptocurrency exchange based in the United States. It offers comprehensive trading options and top-notch security measures, including insurance on USD deposits. Gemini also provides a variety of price alert options and the ability to arrange regular crypto purchases.

Crypto.com

Crypto.com is a beginner-friendly platform that offers an extensive range of digital assets and low fees. It has a user-friendly interface and provides various add-on services, such as credit cards, which enhance the user experience. Crypto.com also supports in-app derivatives trading and allows users to leverage margin trading.

Best apps for advanced traders

When it comes to investing in cryptocurrency, there are a plethora of apps available for advanced traders. Here are some of the best apps for advanced cryptocurrency trading:

Kraken

Kraken is a well-established and reputable cryptocurrency exchange that has been in operation since 2011. It offers a wide range of cryptocurrencies, advanced order types, and margin and futures trading. The platform provides two options: a main trading platform and a professional platform called Kraken Pro. Kraken Pro offers highly customizable chart analysis tools, detailed order book insights, and low fees, making it a popular choice for advanced traders.

Gemini

Gemini is a New York-based cryptocurrency exchange founded by the Winklevoss twins and regulated by the New York Department of Financial Services. It emphasizes security and compliance and is SOC 2-certified. Gemini offers a professional-grade trading dashboard and supports over 80 digital currencies and tokens. The platform also provides a cryptocurrency reward card and allows users to spend their crypto at various retailers. While Gemini's fees are relatively high, its robust security features make it a top choice for traders who value security.

Crypto.com

Crypto.com is a leading platform that caters to both novice and experienced traders. It offers a vast ecosystem, including its own blockchain, a native token, a crypto visa card, and yield-generating crypto products. The Crypto.com app provides a wide range of features, allowing users to buy, sell, trade, and earn interest on their crypto. The platform supports over 350 cryptocurrencies and has low trading fees, making it a versatile choice for advanced traders.

BitMart

BitMart is a global cryptocurrency exchange available in over 160 countries, offering a wide range of crypto assets, including small and mid-cap cryptocurrencies. It provides users with earning opportunities, such as staking and perpetual swaps with up to 100x leverage. BitMart is an excellent choice for advanced traders seeking access to a diverse range of crypto assets and trading options.

Bisq

Bisq is a decentralized, peer-to-peer cryptocurrency exchange that allows users to buy and sell Bitcoin and other cryptocurrencies privately and securely. It does not require user registration or KYC verification, making it ideal for those who value privacy. Bisq supports various payment methods and is a good option for experienced crypto investors who prefer a decentralized platform.

Best apps for low fees

When choosing a cryptocurrency app, it's important to consider the fees involved. Here are some of the best apps for low fees:

EToro

EToro is a good option for beginners as it offers a simple, user-friendly interface and a range of cryptocurrencies. The platform charges a flat spread markup of 1% for crypto purchases, and there are no commissions for stocks and ETFs. eToro also allows users to copy the trading strategies of more advanced users.

OKX

OKX is a large and trusted cryptocurrency exchange that offers both a centralized and decentralized exchange. The platform has low trading fees, with market maker fees starting at 0.08% and market taker fees starting at 0.1%. OKX also supports staking and crypto futures trading. However, it is not available to US customers.

Binance

Binance is the largest cryptocurrency exchange worldwide, offering over 600 cryptocurrencies. The platform normally applies a maker/taker fee of 0.1% for spot transactions, but users can get a 25% discount by owning a certain number of BNB tokens. Bitcoin/USDT transactions are free, making Binance a good option for Bitcoin-specific trading.

Kraken

Kraken is a trusted and established cryptocurrency exchange that offers leverage trading and instant, low-fee withdrawals. The platform has relatively low trading fees, with maker fees starting at 0.25% and taker fees starting at 0.4%. Kraken also provides 24/7 customer support and educational resources. However, it is not available in all US states.

Gemini

Gemini is a secure and regulated cryptocurrency exchange that offers a user-friendly mobile app. The platform charges a flat fee for crypto trades, which starts at 1.49% for amounts over $200. Gemini also includes a partnership with Flexa, allowing users to spend their cryptocurrency at participating retailers.

Best apps for high liquidity

When it comes to high liquidity, there are several top-rated apps for investing in cryptocurrency. Here are some of the best options:

Coinbase

Coinbase is a well-known and highly liquid cryptocurrency exchange that offers a wide array of cryptocurrencies. It is known for its user-friendly interface, making it a great choice for beginners. Coinbase provides a simple way to buy, sell, and trade cryptocurrencies, and it is available in most countries worldwide. Coinbase also offers advanced trading features for more experienced users. In terms of security, Coinbase is highly regarded and employs industry-leading measures to protect user funds.

Crypto.com

Crypto.com is another popular and highly liquid exchange with over 50 million users. It offers more than 350 cryptocurrencies and provides users with an extensive digital asset ecosystem. The platform is available in 90 countries and supports various payment methods, including credit and debit cards. Crypto.com's mobile app is highly rated, offering a wide range of features and a user-friendly experience.

Binance

Binance is the world's largest cryptocurrency exchange by trading volume. It offers a vast selection of over 600 cryptocurrencies and is known for its low fees. Binance also provides advanced features such as margin trading, futures trading, and an NFT marketplace. The platform is suitable for both beginners and experienced traders, with a user-friendly interface and advanced trading tools.

Kraken

Kraken is a highly reputable and liquid exchange that has been in operation since 2011. It offers a large number of cryptocurrencies (over 200) and is known for its low fees. Kraken provides a professional-grade trading platform, Kraken Pro, which is favoured by experienced traders. The exchange is available worldwide, with the exception of a few US states. Kraken also offers instant buy features and advanced order types.

Gemini

Gemini is a secure and regulated cryptocurrency exchange founded by the Winklevoss twins. It offers a smaller selection of cryptocurrencies (around 100) but is known for its emphasis on security and compliance. Gemini provides insurance for user funds and supports various security features, including two-factor authentication. The platform is available in all 50 US states and offers both beginner-friendly and advanced trading platforms.

Frequently asked questions