In the past few years, cryptocurrency trading has become very popular. Among the famous currencies that are being traded are Bitcoin, Ethereum, Dogecoin, and many more. Also, the market has been overflown by the so-called altcoins, which made a lot of millionaires in the past 6 months. In order to trade with cryptos, you have to use the best crypto apps for trading. Due to that fact, there are quite a lot of apps for that. Each stands out from the other one, in terms of fees, perks, usability, etc. That is why we made a list and detailed review of the best crypto apps for trading. This guide will help you pick the right app in order to start trading with cryptos and NFTs. Take a piece of paper and start writing it down, compare them and make the decision.
The top 3 best crypto apps for trading
When it comes to the following apps, they are the top 3 most used apps for trading cryptos. Each stands out with its design, features, perks. That is why we listed them out and made a detailed review so you can compare them.
The most used app nowadays is Coinbase. With this app, you can trade around 107 digital currencies. It’s also easy to use and has competitive rates. For many of the cryptocurrencies Coinbase offers, you can even buy them directly with USD. Another feature that is also great is that you can earn interest on your USDT, and you can earn token rewards by completing various activities. Regarding the fees, you will pay a spread fee of 0.5% plus a transaction fee for each cryptocurrency buy/sell.
In case you are using an instant buy payment method over funds, here is the list of fees:
- U.S. Bank or Coinbase Wallet: 1.49%
- Debit Card: 3.99%
- Wire Transfer: $10
- Apple Pay: 3.99%
- PayPal: 3.99%
The next crypto app you probably heard of is Crypto.com. It is the largest and fastest-growing crypto exchanges app that is based in Hong Kong. It allows you to sell, trade, and earn interest on their cryptocurrencies. Furthermore, it supports over 150 cryptocurrency pairs in total. A thing that might be a turn-off for this app is that it is only currently available for smartphones.
Another best crypto app for trading is nonetheless than eToro. This app is all about the crypto world. This app also like Robinhood does not charge a direct commission. The spread markup varies widely, ranging from 0.75 percent for Bitcoin to a hefty 5 percent for others. The most innovative feature regarding this app is the ability to automatically copy the trades of some of the broker’s most popular traders. With CopyTrader, you’ll select the traders you want to mimic. When they trade, you trade as well.
These are the best crypto apps for trading that you can start using immediately. They are all free to download to your smartphone or your computer.
Other apps you might use for trading cryptos
As we mentioned earlier, there are quite a lot of apps for trading cryptocurrencies. We also have made a slight in-depth review for them as well. You are also free, and we strongly suggest that you also do some research on your own regarding this topic. After all, you are the one who is going to invest your money, and that is why you have to be well-prepared.
Among the apps is also one you probably heard of, which is Robinhood. You are able to trade stocks, options, and ETFs, as well as for cryptocurrencies. Another great thing you have to know is that there is no-commission structure to the crypto world. But they charge though for a spread markup, meaning that the costs are built into a coin’s buy or sell price.
Binance is available all around the world with over 50 plus coins and charges rock-bottom fees. It offers a lot of options for their users, such as:
- Crypto savings account
- Liquidity swaps
- Margin trading
- Crypto loans
When it comes to fees, it has a 0.1% spot trading fee for most pairs, which is lower than many other exchanges. The instant buy/sell trading fee is 0.5%. Another interesting thing is that Binance has its own blockchain and coin — the Binance Coin or BNB. In case you are using BNB, you will get a 25% discount on trading fees. However, this app is more suited for experienced traders, but if you want to experiment a bit, then feel free. We just want you to remind us that you are doing it at your own risk.
Always be well-informed and prepared when it comes to trading cryptocurrencies.
Make sure to check different apps for crypto trading
Before you make your decision, we advise you to also make your own research regarding the whole crypto world. It can bring you a lot of profit, but on the other side, you can lose a lot. Another great app we recommend that you should take a look at is Kraken.
It is among the best crypto apps for trading and is also one of the oldest. It was founded in July 2011 and is based in San Francisco, CA. There are a lot of features you can choose from. You can exchange fiat currencies such as USD, Canadian Dollar, Euro, and GBP into cryptocurrency. Another great feature is staking. You can earn rewards on the coins that are available in your wallet. Rewards are paid out bi-weekly. The specific reward rate you earn varies by certain coin, but currently ranges from 4% to 20%.
The choice is all yours when it comes to this and other apps as well.
You have an of options and possibilities regarding the crypto trading world. Sure, you need to do research regarding your potential apps and choose the right one that is suited for you.
The best crypto apps for trading will give you a head start for sure, but you also have to learn its capabilities so you can take full advantage of them. With this article and the reviews of certain tools to trade cryptocurrency, you will have a better overview that will help you to choose the right tool for you on your crypto trading adventure.