As the world of cryptocurrency becomes more popular, a growing number of apps allow you to buy and sell digital currency. However, with so many choices, it can be difficult to know which one is the best for you. So, whether you're a beginner or a seasoned investor, these apps are a great way to get started in cryptocurrency.
1. Coinbase
Coinbase is one of the most popular cryptocurrency apps and allows you to buy and sell Bitcoin, Ethereum, and other major altcoins. It's one of the most user-friendly exchanges available, making it ideal for those new to cryptocurrency. In addition, it's one of the most secure crypto apps. It offers the most secure and multifaceted risk management programs designed to protect its customers' assets, boasting state-of-the-art encryption and security.
Coinbase also offers a great selection of coins and tokens, giving users a wide range of options when choosing a coin or token to trade. Coinbase has also built up a large user base and kept its platform relatively stable, even during times of high market volatility. Overall, Coinbase is the best crypto exchange for those looking for a user-friendly, trusted, and well-rounded platform.
Download: Coinbase for Android | iOS (Free)
2. Robinhood
Robinhood is an investment app that recently added the ability to buy and sell cryptocurrency. One of the best things about Robinhood is that it doesn't charge any fees for buying or selling crypto. Most exchanges charge a percentage of each trade as a commission. Robinhood, on the other hand, charges 0%. This makes it the perfect platform for those who want to trade frequently or in large volumes. Instead, it makes most of its revenue from frequency trading firms who pay for the order flow from its retail traders.
Robinhood has also built up a strong reputation in the financial world. Since Robinhood is a securities brokerage, it is regulated by the Securities and Exchange. This gives users peace of mind that their money is safe and secure.
Download: Robinhood for Android | iOS (Free)
3. Kraken
Kraken's top-notch transparent security and low fees make it one of the leading crypto exchanges in the market.
For example, when you buy Bitcoin on Kraken, you only pay a 0.26% fee. Another thing that makes Kraken a good choice is that it's one of the most secure crypto exchanges. It stores all of its coins in offline storage (known as "cold storage") and uses 2-factor authentication. Kraken has a robust staking program as well; you can earn up to 23% in rewards annually by staking your assets with Kraken.
Download: Kraken for Android | iOS (Free)
4. Binance
Binance has become one of the most popular cryptocurrency exchanges for good reason. Binance charges a mere 0.1% fee on trades. Compare that to the industry standard of 0.25%, and you can see why Binance is so popular. For example, if you were to buy $1,000 worth of Bitcoin, you would only be charged $1 in fees. That is an incredibly low fee. This makes it an ideal choice for those who want to trade frequently.
Binance also supports over 600 cryptocurrencies. In addition, they offer trading pairs for almost all the major cryptocurrencies. This gives users a lot of flexibility when it comes to trading. Another thing that makes Binance stand out is its fast transaction speeds. It uses a state-of-the-art matching engine that can handle up to 1.4 million transactions per second. This makes it one of the fastest exchanges available.
Finally, Binance is known for its excellent security. They have implemented multiple layers of security, including 2-factor authentication and a host of other measures. This makes it one of the safest exchanges to use.
Download: Binance for Android | iOS (Free)
5. Crypto.com
Crypto.com is one of the best crypto exchanges because it offers a wide variety of features and services that make it easy and convenient for users to buy, sell, and trade cryptocurrencies. One of the most unique and appealing features of Crypto.com is its Earn program, which allows users to earn interest on their cryptocurrency holdings.
Crypto.com also offers a Credit program that allows users to borrow up to 50% of their collateral. In addition to its unique features, it also offers competitive trading fees, a user-friendly interface, and a wide range of supported cryptocurrencies.
Download: Crypto.com for Android | iOS (Free)
Features of the Best Cryptocurrency Apps and Exchanges
When choosing an exchange, it is important to consider security, fees, and ease of use. When looking for a cryptocurrency exchange, here are a few things you should take into account:
- Fees. Some exchanges charge a flat fee for all trades, while others charge a percentage of the trade value. Make sure you know what fees will be charged before using an exchange.
- Supported currencies. Not all exchanges support all currencies. If you want to trade a specific currency, ensure the exchange you choose supports it.
- Security. Exchanges hold a lot of money. Make sure your exchange has implemented security measures to protect its funds.
- User interface. You want an exchange that is easy to use and understand. Avoid exchanges with a complicated user interface.
- Customer support. If you have any problems with the exchange, you want to be able to easily get in touch with customer support. Make sure the exchange you choose has good customer support.
What Is the Best App to Buy Crypto?
There are a variety of apps available for buying and selling cryptocurrencies, but not all are created equal. When choosing an app to buy crypto, it's important to consider the fees, security, and ease of use. All five of the apps listed above are great for buying cryptocurrency, but which one is the best for you will depend on your individual needs and preferences. No matter which app you choose, be sure to do your research and understand the risks before investing in any cryptocurrency.