8 Best Cryptocurrency Apps – GOBankingRates

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Although cryptocurrency is decentralized, you’ll need a way to trade and store your tokens. There are dozens of apps available to do the job but how do you choose from so many options? This guide looks at the best crypto apps available now to securely invest in your favorite coins.
One of the most popular options with over 98 million users, Coinbase makes the best crypto app roundup for its ease. The platform is full-featured enough to work for a beginner to cryptocurrency or more advanced traders using Coinbase Pro. Beginners, particularly, can sign up for short educational video courses that will earn them free crypto.
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Coinbase may be best for investors who are newer to crypto trading, thanks to a user-friendly website and app, low trading minimums starting at $2 and the wide range of education on crypto available.
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Crypto.com is ideal for the high-volume crypto trader. There are over 260 assets for U.S. investors and thousands more internationally. Fees are assessed on volume, starting at 0.40% to $25,000 and then lowers on a sliding scale. Plus, cashing out is cheaper, with free wire transfers and ACHs.
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Gemini is another of the best crypto apps thanks to the robust platform for beginners and advanced traders alike. Plus, it offers its own hot wallet if you don’t mind storing your tokens online.
If security is your biggest concern, Gemini places a big emphasis on keeping your investment safe, providing hardware keys to secure your account. Its hot wallet is backed by digital-asset insurance to keep your investment secure. Plus, it’s the first cryptocurrency exchange to become SOC 1 Type 2 and SOC 2 Type 2 compliant.
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Uphold offers over 130 currencies to trade as well as metals and about 50 U.S. stocks. It’s not the biggest variety of crypto, but features all the major tokens the newer trader may be interested in. Uphold’s user-friendly and straightforward platform is best for the beginner to intermediate investor in crypto.
You can set up recurring limit orders through the AutoPilot option. Doing dollar-cost averages crypto purchases to help reduce some of the volatility that’s typical of trading in cryptocurrency. Plus, you can stake select currencies to earn as much as 19.5% in rewards.
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eToro is known for social investing, a way to learn more about how others trade by viewing what more experienced investors buy and sell. A crypto exchange with a similar concept is now available, making it possible to copy others’ strategies (or follow your own) using over 120 cryptocurrencies.
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The platform as a whole is geared towards newer investors, with plenty of learning resources and the mentioned ability to copy what more experienced traders do. You can get started with a $100,000 virtual account for practice. Advanced traders may also find the features they need, including advanced charts and the AlgoX API Trading Program, a professional crypto exchange with additional assets available.
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SoFi is best-known for banking and loans, but also offers a basic crypto-trading platform. It’s fairly limited, offering only 30 of the most-recognized tokens. However, beginners interested in trading with a recognized financial institution could find the small number of crypto options acceptable.
SoFi’s crypto structure is on the pricier side but fairly straightforward. There’s a 1.25% markup fee on transactions. Trading volume is limited to $50,000 per day, making it a good choice for getting started with crypto, but not well-equipped for more advanced traders.
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Kraken is one of the older options of the best crypto apps available. It’s been around since 2011. Kraken’s platform is a good option for new users, featuring a user-friendly mobile and online experience. However, Kraken really shines when it comes to advanced features.
Advanced traders can take advantage of the basics plus margin accounts and multiple exchanges on one platform. Signing up for Kraken Pro can save frequent buyers and sellers money on transactions. Pro trade fees are based on monthly volume with a 0.16% maker fee or 0.26% taker fee on the first $50K and dropping for higher volume.
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Webull is a solid trading platform for equities and it’s one of the first to expand into crypto as well. If you like to invest in general, the Webull platform may be the best choice to keep all of your trades in one place.
Beginners will appreciate the tutorials that walk you through all the basics of crypto trading as well as overviews on the most popular coins. Once you get more comfortable with trading, there are plenty of useful features such as real-time data and customizable charts to aid your research.
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There are plenty of options for the best crypto app. It all depends on what features matter most to you. Some platforms are geared towards basic or beginner investing in tokens with helpful tutorials. Other apps offer advanced functionality, supporting even professional and institutional traders.
Before you sign up for a crypto app, compare a few options and review the list of assets to ensure the coins you’d like to trade are available. Confirm whether the app is available in your state. Lastly, take a look at the fees to make sure that the transaction and payment-type fees aren’t overly costly for the level of trading you plan on doing.
Information is accurate as of May 31, 2022.

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