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We live in a time when there’s a mobile app for almost anything you can imagine. Given that cryptocurrency is becoming more and more popular every day, some crypto exchanges have already released an app to make crypto trading more accessible to a wider audience.
If you type crypto apps on Google, you’ll get a long list of applications all claiming how they are the best on the market. Sadly, most of them are plagued by scammers and frauds, so you must choose an app that does what it’s supposed to do. Let’s take a look at the best such apps right now.
Why Use Crypto Apps When Trading Digital Currencies?
Becoming a successful crypto trader means using all available technologies to gather insights and identify the best investment options. However, when you consider that there are over 10,000 digital currencies and NFTs available on international markets, knowing which ones to invest in is easier said than done.
When compared to traditional website crypto marketplaces, crypto apps are a better choice because they allow users to follow current prices in real-time, no matter where they might be. Crypto markets are extremely volatile, and the prices for most digital assets vary from minute to minute. Trading your digital currencies using an app will make it easier to track prices and identify the best moment to buy or sell.
Of course, that’s not the only benefit of using a crypto app. Many of these apps are designed with the user in mind, so they are usually much easier to pick up. They have a better user experience and they offer users a way to trade cryptos without having to learn how the trading platform works. Most transactions can be completed with a few simple taps, so an app is a good idea when trading cryptos. Let’s take a look at the best crypto apps available right now.
- eToro
- Coinbase
- Binance
- Gemini
- Cash App
Top 5 Cryptocurrency Apps of 2022
1. eToro
eToro is quickly becoming the go-to crypto app among users in the US and the UK. eToro is one of the most regulated crypto markets in the world. Bodies such as the SEC, CySEC, ASIC, FCA, as well as multiple governments all work together to ensure safety and prevent scams and fraud.
The eToro app works great on both Android and iOS devices, and it provides users with access to hundreds of different cryptos and markets. For example, you can switch between Defi coins, NFTs, cryptos, and other markets. The app allows you to track prices and buy or sell tokens 24/7. Moreover, it makes it easy for you to quickly deposit money using any available method, including PayPal, bank transfer, credit/debit cards, etc. It’s one of the best crypto apps revealed in the past few years and a good starting point, especially for beginners.
2. Coinbase
Coinbase is another hugely popular crypto marketplace that also has an app ideal for beginners. Compared to the website, the Coinbase app is much easier to use, and most people don’t need more than a few minutes to figure it out. The app offers incredible convenience, but that comes at a price. Coinbase has some of the highest fees on debit/credit card transfers a steep 3.99% fee.
However, if you don’t mind the higher fees, the app is an excellent choice. It’s one of the best-rated crypto apps you can get, allowing you to earn free cryptos by completing educational modules. Coinbase offers access to over 130 different cryptos and other digital assets. It’s also one of the safest choices, as all accounts holding up to $250,000 are FDIC insured.
3. Binance
Binance is the largest crypto exchange in the world. It became very popular over the years, so it got its Binance coin. However, the official Binance website marketplace has a traditional stock market look, so it’s not easy to master. The site is not a popular choice among beginners because it’s too hard to figure out. The app, on the other hand, is much easier to use, and it’s one of the best places to trade your cryptos.
The app has a daily trading volume of tens of billions of dollars, which shouldn’t be a surprise since it has one of the lowest fees of all similar apps. The fees vary from country to country, but it generally doesn’t surpass 0.5%. With that said, users from some countries might have to pay up to 4% in fees for the same transactions. The Binance app is available on the Google Playstore and Apple’s App Store.
4. Gemini
Gemini is one of the oldest cryptocurrency marketplaces on the internet. It was launched back in 2011, and it has been going strong ever since. The platform released the app version of the marketplace a few years ago, aimed at experienced crypto traders looking for the best offers.
The app is one of the most regulated US-based crypto platforms, and it comes with the highest security features. The only downside to the app is the small number of supported cryptos. While Gemini is an excellent choice for veterans, the lack of options and high fees might not be the best choice for beginners.
5. Cash App
Cash App is one of the fastest-growing crypto apps in the world. Its userbase has tripled in the past two years, reaching an impressive 24 million users. It became popular because it allows users to buy and sell stocks since there are no commissions. That way, users can invest small amounts of money in fractional share purchases.
The app is an excellent choice for beginners since it’s easy to use compared to other similar options. The reason why it’s on our list is that it’s an excellent option for all crypto traders looking to get into stocks. It looks and feels like the best crypto app, but instead of crypto, it works with stocks.
Conclusion
Crypto trading is becoming more and more accessible, and the apps we covered above are all a good choice for beginners and experienced crypto traders alike. Keep in mind that each of these apps supports a certain amount of different cryptos, so check which cryptos are available before you make your first deposit. Good luck in your future crypto-trading efforts!
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