Whether you’re looking to invest in cryptocurrency or simply trade it for a profit, the best crypto trading app for you depends on your needs. Some are better suited to newbies while others have more advanced features. Some are more centralized while others are decentralized and provide higher liquidity. There are also a range of fees to take into account. To help you choose, Moneyzine compared some of the top options to find out which one offers the best overall crypto trading experience.
Coinbase is one of the best-known exchanges in the US and a great choice for beginners because it has a simple onboarding process and straightforward interface. Users can buy and sell a wide range of cryptos on the platform, and they can even set up automatic purchases using the recurring buy feature to implement dollar-cost averaging. The app also offers a variety of educational resources, which helps users learn more about crypto and how to use it.
Another great option is Kraken, which has a huge user base and supports a wide range of different currencies. This includes some of the most popular cryptos, such as Bitcoin and Ethereum, but it also has many lesser-known cryptocurrencies like Solana, Uniswap, and Cardano. In addition, the Kraken app has a lot of tools for more experienced traders, including a built-in charting platform.
Bitstamp is another well-established cryptocurrency exchange that offers both a web-based platform and mobile iOS and Android apps. It has a massive global userbase and is highly secure. In addition, the platform offers a variety of trading options and allows users to deposit and withdraw fiat currency (USD and EUR). Bitstamp is also one of the few exchanges that allow for direct trading between USD and cryptocurrencies.
eToro is an app that’s been around for a while in Europe, but it’s only recently become available in the United States. It has a wide variety of assets to trade, and it’s incredibly easy for beginners to get started. The platform also allows for social trading, which lets you copy trades made by other users.
Webull is a less-known trading app that offers a more comprehensive crypto portfolio management solution. It offers support for more than 50 different cryptos, including the major ones such as Bitcoin and Ethereum. In addition, it allows you to track the prices of these currencies in real time, which can be helpful during volatile market conditions. Webull also offers a feature that lets you swap crypto between different blockchains without owning multiple wallets on each. This is a handy tool for investors who want to diversify their holdings and avoid the risk of losing value due to price spikes in the more popular coins. The app also offers a variety of other investing tools, which makes it a good option for both novice and experienced investors alike. In fact, it won the 2021 Benzinga FinTech Award for Best Investment App.