Cryptocurrencies are quickly acquiring a reputation as the digital era’s new currency. Cryptocurrencies are being marketed as unhackable, anonymous, decentralized, and potentially rewarding.
Coins like Bitcoin and Dogecoin have made it easier for people to buy things. People can buy everything from coffee to cars and even insurance with cryptocurrencies today.
Basically, cryptocurrency apps let people buy and sell cryptocurrencies, and they can even help you connect to your bank or buy bitcoins with a credit or debit card, if that’s what you want. You can check our guideline who accepts Bitcoin as payment.
What exactly is a cryptocurrency app?
A cryptocurrency app is a platform for buying and selling digital assets like bitcoin. You can also use the exchange to convert cryptocurrencies, such as Bitcoin to Ethereum, or to buy cryptocurrencies with fiat currency. Cryptocurrency apps work like a Forex exchange, reflecting the current market rates of the cryptocurrencies they sell. Users can also exchange bitcoins for dollars or other currencies. You can check our guideline how to buy Cryptocurrency.
Top 7 Apps for Cryptocurrency Exchange
There are a lot of places where you can trade in cryptocurrencies and crypto-assets. In this guide, we look at the five best crypto trading apps to use in 2022, along with detailed reviews.
1. Coinbase
Bitcoin, Ethereum, and many other cryptocurrencies can be bought and sold on Coinbase, which is a safe place to do this. It is the best app for people who are just starting to invest in cryptocurrencies. In addition to having FDIC insurance, it has low minimum deposits, apps for Android and iOS, and a chance to earn free cryptocurrencies if users take educational courses on the company’s website. These are all good security features.
2. Gemini
On Gemini’s cryptocurrency exchange, coins can be purchased and traded. It may be the greatest cryptocurrency app for you if you are an experienced trader who frequently invests a large sum of money. Has a large selection of cryptocurrencies, low order minimums, works on iOS and Android devices, allows you to view transaction history and download account statements, and is available in all 50 states in the United States.
You can get institutional-grade security and a range of insurance policies if you download this crypto software on your phone. For trades over $200, the charge is 1.49 percent per slide.
3. Binance
A free app called Binance is available for both iOS and Android devices. You can get it from the app store. The Binance crypto trading software is good for people who trade often and want a lot of low-cost places to buy and sell coins. Options and fees for depositing money into your account depend on where you live. They get a great deal if they come from the United States. Deposits made with debit or credit cards cost only 0.5 percent.
It currently operates over 1,000 trading markets and processes over 2 billion transactions daily on a range of crypto currencies. Users can purchase cryptocurrencies using a range of payment options, including bank transfer, credit or debit card, or cash, in addition to taking advantage of low trading commissions. The commission for a slide is just 0.10 percent of the money generated by that slide.
4. eToro
There is another well-known cryptocurrency site called eToro, which is also good. The SEC, ASIC, CySEC, and the FCA are all financial regulators of this app. It has a low $50 minimum deposit for the first time, and it works with both iOS and Android phones. It also has more than 43 crypto assets, and customers can deposit by bank transfer, debit/credit card, or PayPal. Customers can also withdraw money from their account.
This includes top-ten digital assets as well as many minor coins. For example, DeFi coins like AAVE, Cosmos, Decentraland, and Polkadot are tradeable 24/7.
5. Webull
Webull is an excellent choice if you’re on a budget or simply want to take a small risk with your cryptocurrency. While the Webull app allows for free buying and sale of digital currencies, the spread markup can be quite high. Intelligent tools and services make it simple and convenient to use. Users also benefit from real-time quotes.
It gives new cryptocurrency traders free stocks for up to 30 days when they open and fund a new account. The awarded Cash App stock can be kept or sold. Crypto trades had a minimum spread of 1%, which isn’t very competitive. You can fund your Webull account by ACH or bank wire.
6. Robinhood
Robinhood doesn’t require you to have a certain amount of money in order to start trading. This means that investors can start right away. When people don’t want to invest their money, they can earn interest on their money in the form of an interest-bearing account.
Even though it’s easy to use and doesn’t charge you for stock, the markup on spreads can slash your profits. One thing this program does is allow people to buy and sell cryptocurrencies like bitcoin and litecoin.
7. CashApp
There are many things you can do with CashApp’s money management account, like trade in stocks and bitcoins. If you want to exchange crypto-currencies, you can only do so if you use Bitcoin as a form of payment. This means that for each transaction, the app charges a service fee and a fee that is based on how much Bitcoin changes.
A good thing to think about is that it will show you the fee before you trade, giving you an idea of how much it costs before you make a deal. New to bitcoin? If you often use mobile banking, CashApp is the best app for your needs.
