Knowing which is the best cryptocurrency app for you will help you simplify the buying and selling of cryptocurrencies in your daily life. This type of tool will allow you to access your digital assets and receive updates on the latest news related to the world of cryptocurrency investments.
In this guide, we analyze the best cryptocurrency apps. Do not limit yourself to one or the other; it might be that several are exactly what you need at the moment. Either way, let’s get started!
The cryptocurrency market is increasingly becoming a part of household finances
Unsurprisingly, many cryptocurrency apps have appeared to facilitate daily operations with the added convenience of cell phones. In this article, we will analyze four cryptocurrency apps designed for all kinds of investors, from those just starting out to those already veterans of these investments. The range of services and possibilities they offer is very wide, with a focus sometimes on trading, sometimes on the storage and management of tokens, and sometimes on the pre-sale of cryptocurrencies.
We also want to acknowledge that the factors by which these apps are valued change over time, as users prioritize some topics over others and the market shifts… but for now, this is our current selection of the four best cryptocurrency apps.
eToro: an app with high value-added services in cryptocurrencies and hundreds of tokens
eToro is one of the most popular platforms in the U.S. and Europe. Powered by a Malta-based company, eToro has been operating since 2007. Its founders are a group of entrepreneurs eager to change the trading landscape.
This exchange, which currently offers more than 120 cryptocurrencies and more than 300 crypto pairs, is one of the largest globally, both in terms of users and total volume. Its name is synonymous with cryptocurrency markets, blockchain development services and Web 3.0.
The eToro cryptocurrency app, available for iOS and Android, gives access to all the exchange’s features: NFTs, lending, wallet, staking, deposits, and rewards, plus, of course, the cryptocurrency investment, exchange, and trading functions. The app has notification functions, automatic purchases, news, price changes, and much more.
MEXC – An exchange with more than 1200 cryptocurrencies
This is an exchange known for its versatile trading options and plethora of cryptocurrencies. It will let you engage with a whole range of online entertainment activities easily, using your favorite type of crypto to have fun. Lots of people are using crypto for gaming these days, so this fits in nicely. Imagine that you want to check out a cryptocurrency casino and you’re thinking of playing crypto slots online – well, MEXC will let you do that fast and effectively, making it a popular choice among gamers.
It’s not just for gaming, of course; it has many other functionalities. You’ve got an app for iOS, Android, and Windows, and through this, you can view historical orders in an optimized way. The latest addresses/contacts for withdrawals or transfers will be available, and the order page includes labels for order types.
BitPanda – An intuitive diversification broker
Founded in 2014 in Austria, Bitpanda has millions of users on its platform, and it seeks to provide new possibilities for the trading market without digital barriers.
It has its BEST token, designed to empower the community to get the most out of the broker.
It offers an app for iOS and Android, where you can enjoy its features such as a loyalty program. When accumulating BEST, you get rewards. The app provides security with KYC verification, in addition to an intuitive and easy-to-use platform designed specifically for beginners. It’s a great option if you’re just getting going.
OKX: a DEX exchange that has grown with an outstanding app
OKX is one of the most well-known and most used crypto exchanges on our list, occupying one of the top positions in daily volume. Based in Seychelles and operating since 2017, OKX (formerly known as OKEx) currently has over 300 cryptocurrencies and 466 pairs.
The platform, founded by Star Xu, offers express buying options, P2P trading, copy trading, and many investment opportunities. All are available from the web and the iOS and Android apps. Passive income-earning options include staking, yield farming, lending, and liquidity provision.
In addition, OKX has its own blockchain, the X1 network, together with the OKT Chain, where decentralized applications are being developed. A VIP program is available for higher-volume investors.
To OKX’s credit, commissions are generally among the lowest in the market, and the ease of integrating its APIs delights developers and collaborating entities. The app allows buying with a few clicks and has access to a world of Web 3.0 and NFTs, as well as pro features for derivatives or margin traders (including bots to automate trading operations).
Like Coinbase, it has suffered some hacking attempts, but after resolving the issue, the OKX team has redoubled efforts to protect the exchange’s assets and offers a great option for users.
Binance: Best Overall App
Binance continues to be the go-to app for millions of crypto traders worldwide. Offering a vast range of cryptocurrencies and features such as staking, futures trading, and margin trading, Binance stands out for its versatility and liquidity.
- Key Features: Advanced trading tools, large selection of altcoins, staking options.
- Pros: Low fees, high liquidity.
- Cons: Complexity for beginners, regulatory concerns in some regions.
Coinbase: Best for Beginners
For newcomers to cryptocurrency, Coinbase remains the top choice. It is known for its user-friendly interface and beginner-friendly educational resources.
- Key Features: Easy-to-use interface, educational tutorials, ability to earn crypto by learning.
- Pros: High security, regulated in several countries.
- Cons: Higher fees compared to other platforms.
Kraken: Best for Security
Kraken boasts some of the most robust security features, making it an excellent choice for traders who prioritize the safety of their digital assets.
- Key Features: Advanced security measures, 2FA, cold storage for funds.
- Pros: High level of security, wide range of crypto offerings.
- Cons: Interface can be challenging for beginners.
Crypto.com: Best for DeFi
Crypto.com has carved out a niche for itself as the best app for decentralized finance (DeFi) activities like staking, lending, and earning crypto rewards.
- Key Features: DeFi services, staking, NFT marketplace.
- Pros: High interest rates on staking, wide range of DeFi services.
- Cons: Complex for those unfamiliar with DeFi.
Bitstamp: Best for Low Fees
Bitstamp offers one of the most competitive fee structures in the cryptocurrency space, making it ideal for frequent traders.
- Key Features: Low trading fees, high liquidity.
- Pros: Established reputation, low fees.
- Cons: Limited range of cryptocurrencies compared to competitors.
BlockFi: Best for Earning Interest
BlockFi is a fantastic app for those looking to earn interest on their cryptocurrency holdings, offering flexible interest accounts and lending services.
- Key Features: Earn interest on crypto, crypto-backed loans.
- Pros: Competitive interest rates, no minimum deposit required.
- Cons: Limited support for newer cryptocurrencies.
Conclusion
In conclusion, the best cryptocurrency app for 2024 will depend on your individual needs. If you’re a beginner, Coinbase or Luno might be the best choice. For advanced users, Binance or Kraken may offer more robust features. Always consider factors like security, fees, and the specific services offered by each app.
FAQs
What is the safest cryptocurrency app?
Kraken and Gemini are known for their stringent security protocols and regulatory compliance, making them among the safest choices.
Which crypto app is best for beginners?
Coinbase is highly recommended for beginners due to its easy-to-use interface and educational resources.
Can I earn interest on my crypto holdings?
Yes, apps like BlockFi and Crypto.com allow users to earn interest on their crypto assets through staking and lending programs.
What app has the lowest trading fees?
Bitstamp offers some of the lowest trading fees in the market, making it a favorite among frequent traders.
Which app supports decentralized finance (DeFi)?
Crypto.com and Trust Wallet are the leading apps supporting decentralized finance activities like staking, lending, and using decentralized apps.
What is social trading in cryptocurrency apps?
Social trading, available on platforms like eToro, allows users to follow and mimic the trades of experienced crypto traders.