Trading cryptocurrency is now a thing that everyone does. With or without experience, you can buy, sell, trade anything you want from your electronic wallet. If you want to become an active member of the crypto market, you will need a suitable app for that. Even though there are a lot of apps in the app galleries of the Android and Apple smartphones, first you need to know which one is the best for you. Essentially, these apps help you buy and sell crypto easily, with a low fee and other withdrawal and security benefits.
The most important aspects that you need to look after in your app are the supported currencies and the withdrawal options. Also, these crypto wallets need to have tight security and a fast top-up from your cards.
After buying your first cryptocurrencies, the next thing to do is track their fluctuations. With a good app for cryptocurrency, you will be able to do that. Even if you buy or not all the crypto, you can turn on notifications for them. In this way, you will be notified when that coin has a rise or a low in its way of becoming a strong coin.
This article will help you choose the best cryptocurrency app, based on your needs and expectations.
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A great app to acquire and trade crypto coins is Robinhood. This app has become popular due to its multiple benefits. From flawless stock trading and tight security to the multiple options of tradings and no-commission tradings, Robinhood is right up your alley. Although it may seem very easy, when it’s presented by economic experts or YouTubers, trading is no game. That’s why when you also need additional help, Robinhood has tips and tricks or daily recommendations for investing.
Another benefit of Robinhood is having a fee for spread markup in investments, rather than commissions on every transaction you make. In this case, you will be able to do multiple transactions and get a fee, cumulated by the money invested. In their portfolio, Robinhood has a wide range of coins. Apart from the most popular ones, you will also find ones like Bitcoin or Dogecoin.
You may have already seen the famous eToro, in the youtube commercial ad-breaks. Its main activity is trading crypto, but you can also use it as an electronic wallet. In this app, you will find 29 coins, but eToro exclusively offers new extra coins, available only on this platform. Other apps like Tezos or Polygon don’t have in their portfolio exclusive coins, and because of that, more users prefer eToro for the diversity. Keeping up with the latest trends in the crypto marketplace, eToro adds the most wanted crypto coins in their app.
Its fee is also a spread markup instead of a commission, bringing more users and buyers on this platform, for this benefit. The fee ranges between 0.75 and 5 percent for most of the cryptocurrencies and it depends on the invested amount of money.
CashApp is a familiar app to everyone, but not exactly for crypto. That’s why the users’ first thoughts were skeptical. Besides the first reaction, the second one is great. Its main use is that of a financial management app, but the addition of crypto coins trading is a big plus. CashApp comes not only with crypto coins but also with stocks and EFTs. Its crypto coin is Bitcoin, but the trading fees for that are free. CashApp takes a temporary hold as a small fee, but it’s returned when the sum has arrived at whoever you sent that to.
PayPal is a very famous app, most of its popularity being from the creator, Elon Musk. Already on the market for a long time, due to its financial services, has evolved. From a simple app that optimized money transfers around the globe, to crypto-trading, PayPal is a good choice. Investments are easier to make on this app if you are accustomed to it. Especially if you have linked cards in your PayPal account.
Coinbase is one of the biggest apps, specially made for crypto trading. Having a big portfolio with big names in the crypto market, Coinbase lets you trade 96 coins. From the most popular cryptocurrencies, like Bitcoin or Shiba Inu, or Ethereum, to newly launched coins on the market. Coinbase services are all premium and you must pay a subscription to use them. But the advantage of having a single big portfolio of cryptocurrencies is bigger than the small fee you need to pay. Also, with a premium subscription to their services, the transfer fees will be smaller.
Kraken is a trading app, newly developed, being specialized in crypto trading. With an impressive portfolio of crypto coins, Kraken is another new app on the market, targeted for trading. If you want to have in a single electronic wallet a varied range of cryptos, this app is the answer for you. The least popular ones, but gaining popularity recently, like Cardano or Solana, can also be found on Kraken and be bought easily. Even if it’s a smaller app than Coinbase, its portfolio includes over 80 crypto coins, which is a lot, compared to apps like PayPal or CashApp.
Kraken also has commission fees, depending on the number of coins you want to purchase or sell. But for the exact fees, the app gives its users a list with all the percentages of the commission. Also, if you still want to use Kraken for its benefits,
If you wanna start investing in crypto coins, don’t forget to read about every single app described in the article, so that you’ll know which one is the right one for you. Whether you just need extra money or you want a reliable source of money crypto trading needs a lot of research and time.