Crypto

Best Cryptocurrency Exchanges and Apps

Are you wondering which app is best for Cryptocurrency? Where is the best place to buy Cryptocurrency? or yet where can you trade crypto for free?   

As a cryptocurrency investor or trader, using a crypto friendly app is crucial. A crypto portfolio app helps to track all the purchases or sales and is handy to use on the go.

Over the years, many apps have built their legitimacy as key service providers for cryptocurrency’s traders.

This list aims to compare these Cryptocurrency Exchanges and Apps to help you decide which one suits you best.

The Best Crypto-Friendly Apps

#Crypto AppsBest for:
1Coinbase Crypto Exchange App Overall
2RobinhoodLow Fees
3KrakenLow Fees
4eToroCryptocurrency Broker with 0% Commission
5Binance Cryptocurrency App for Trading Tools
6SoFi CryptoSimple and efficient App
7Blockchain.comCrypto App for Beginners
8BlockfolioCrypto Portfolio Tracker App
9ExodusBitcoin and Altcoins Software Wallet
10VoyagerSimple and efficient App
11NomicsDigital Assets Market Data Provider
12Plus500Platform To Open a Cryptocurrency Trading Demo Account
13GeminiCryptocurrency Portfolio App
14BlockFiSimple and efficient App
15LunoCrypto Trading App for Beginners

1) Coinbase and Coinbase Pro

✅ Flexible & sophisticated trading platforms 
✅ Dedicated customer service team
✅ Useful trading tools such as the Coinbase Pro API
✅ A selection of educational materials

Brief: Coinbase is an online wallet to be created on the popular exchange platform which also offers to buy crypto. Despite the fact that the number of coins supported is not very big, you will easily find the leaders of all ratings there. 

Unlike many other online wallets, all the assets owned and stored on the platform are insured that is why this wallet is often compared to a bank. Moreover, you can access your wallet using a web browser on the computer and a mobile application available both on Google Play and App Store. There is even a possibility to earn cryptocurrency by answering questions, solving bounties and participating in communities.

The wallet allows sending and receiving crypto only by indicating the name of the Coinbase wallet holder.

The wallet takes control of all the private keys and offers three types of wallets to create: wallet, vault, and multisig vault. All of them differ in the levels of security applied to the wallet. It is also possible to open a USD wallet on Coinbase too.

2) Robinhood

✅ Mobile users. 
✅ Individual taxable accounts.
✅ Margin accounts.
✅ Cryptocurrency.

Brief: Robinhood is a great option for buying cryptocurrency directly, although the online broker hasn’t had the smoothest of starts this year. You’ll also get to take advantage of Robinhood’s wildly popular trading commissions: $0 per trade, or commission-free. And if you’re into more than just cryptocurrency, you can stick around for stock and ETF trades for the same low price. Robinhood’s slick app makes trading so easy, though those looking for a full-featured trading experience will be disappointed.

Crypto trading has no headline commission, but you’ll pay a spread markup to Robinhood.

3) Kraken

Wide selection of supported tradable assets 
Straightforward platform is easy for new users to master
24/7 customer service available via live chat

Brief: Kraken is a veteran US-based cryptocurrency exchange that supplies an advanced trading platform, complete with margin trading and OTC options. Previously scorned for the platform’s instability, the site has since revamped its service with a focus on security and customer support.

You may like Kraken if you:
• Want to exchange nearly 60 crypto assets;
• Are looking for low account minimums and fees (e.g., Bitcoin’s deposit minimum is 0.0001);
• Need margin trading for additional buying power
• Could benefit from a variety of educational resources and tutorials on cryptocurrencies;
• Want to place over-the-counter (OTC) trades or need account management support;
• Want to earn rewards from staking different assets.

4) eToro

✅ Multiple crypto products
✅ Wide range of cryptocurrencies 
✅ Available in several countries

Brief: The broker eToro is focused exclusively on cryptocurrency trading for its American clients, and it allows trading in 15 different cryptocurrencies, including the most popular ones such as Bitcoin and Ethereum. A cool feature of eToro is the ability to copy some of its most popular traders, seeing exactly when they buy and sell. You can get started with a modest amount of money, and the minimum transaction size is just $25.  You may like eToro if you want to mirror the moves of serious crypto traders, eToro’s social trading platform is an attractive offer. With 15 cryptocurrencies to buy and trade, eToro has a greater selection than many other U.S. crypto brokerages.

5) Binance

✅ Ease of Use 
✅ Security
✅ Fees
✅ Supported coin count
✅ User count

Brief: Binance is a popular cryptocurrency exchange launched in 2017. The name Binance is a mashup of the words ‘binary’ and ‘finance’. That’s why Binance for US customers just added US to it instead of changing the name.

Binance has been accepting U.S. customers since its launch. But once regulators in America began grumbling about them, Binance announced the launch of Binance U.S., which would comply with local regulations.

6) SoFi Crypto

✅ Commission-free stock and ETF trades. 
✅ Cryptocurrency trading.
✅ Fractional shares available.
✅ No account minimum.
✅ Free financial counseling.

Brief: SoFi is a San Francisco-based company that first came to prominence for refinancing student loans. Founded a decade ago, the personal finance firm now boasts a user base of more than one million users.

The company’s investment platform, SoFi Invest, allows members to invest in a range of products, including stocks and equity-traded funds (ETFs). The platform, which is currently available only to US residents, is popular among traders especially because of its $0 fee for stock trading.

In September 2019, SoFi also added the ability to trade cryptocurrencies, specifically Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. The platform uses Coinbase to handle all crypto transactions on behalf of its users.

SoFi Crypto is super simple to use and has an easy-to-understand platform. Try SoFi Crypto if you received the targeted promotional email to get a $25 bonus when you make your first crypto trade. You can also try this SoFi Money $50 Promotion to start banking with SoFi as well.

7) Blockchain.com

✅ Advanced security features, such as 2-step verification. 
✅ You can choose to see your balance reflected in your local currency.
User-interface design is intuitive and can be easily navigated.
✅ As a privacy measure, Blockchain automatically generates a new wallet address after each digital transaction.
✅ The company is based in Luxembourg, a country noted for having a legal structure that protects individual privacy.
✅ You can easily pair your web wallet with a mobile device by scanning a QR code.
✅ You can buy and sell cryptocurrencies directly through your Blockchain wallet.

Brief: Blockchain.com is a cryptocurrency blockchain explorer service, as well as a cryptocurrency wallet and a cryptocurrency exchange supporting Bitcoin, Bitcoin Cash, and Ethereum. They also provide Bitcoin data charts, stats, and market information.

8) Blockfolio

✅ Free 
✅ Hundreds of coins available for tracking
✅ Responsive customer support
✅ Crypto news and signals feature
✅ Does not require personal information

Brief: Blockfolio provides detailed information about the market prices and the data related to all cryptocurrencies. The perks of blockfolio are, ability to pick the exchange that one made the purchase or the sale.

9) Exodus

✅ Allows users to retain their private keys 
✅ Supports multiple cryptocurrencies
✅ Allows in-app crypto-to-crypto exchange
✅ Beautiful user interface
✅ Easy to use, beginner friendly
✅ Available as a mobile application too

Brief: Exodus is an easy to use multi-currency software wallet that is available for desktop and mobile. The wallet excels in its simple design and superb online support. The main downside of Exodus is its lack of custom network fees for Ethereum and other altcoins, and the fact that it is not completely open source.

10) Voyager

Simple, straightforward and intuitive mobile platform
 Wealth of investment opportunities 
 Allows users to earn interest on select crypto investments

Brief: Voyager is an iPhone exclusive app that caters to users with a bit of experience. Instead of focusing solely on Bitcoin and other major coins, Voyager allows you to branch out a bit and experiment with lesser-known coins.

It’s a little more complicated to navigate, but that’s due to its rich features. It comes with a wallet, an exchange, a plethora of real-time charts, high-security protection, and even a basic newsfeed.

In terms of cost, you can make an account for free, and Voyager doesn’t take commissions. You even get a $25 voucher for signing up.

11) Nomics

Real-time crypto market cap rankings 
 Historical prices and charts
 All-time highs, supply data & more

Brief: Based in Boston and Minneapolis, Nomics launched in January of 2018 as an API-first company and is led by co-founders Clay Collins and Nick Gauthier. The company was created in response to increasing demand for professional grade market data products and APIs for institutional crypto investors. Nomics’ free and paid exchange data API comes with dozens of endpoints, including endpoints that return sparkline, exchange rate, all-time high, and supply data.

12) Plus500

✅ Great mobile app 
✅ Low spreads and commissions
✅ Unlimited demo account

Brief: Plus500 is no doubt a reliable broker that works with CFD and forex. As per the Plus500 review, this platform is recommended for traders who are aware of the uncertainties of CFD trading. The biggest advantage is the inactivity fee hits after three months. The platform is easy to handle with great user involvement.

13) Gemini

✅ Easy and quick signups 
✅ Multitude of platforms to accommodate traders of all skill levels
✅ Hot wallets with insurance re theft and hacking attempts

Brief: Gemini Review Summary Gemini is a low-fee, beginner friendly method of buying Bitcoin and Ethereum. The company has quickly built a great reputation in the cryptocurrency community, partly due to their above average customer service. The main downsides to Gemini, are their limited deposit methods and available cryptocurrencies.

14) BlockFi

✅ Insured wallets by AON
✅ Monthly compounding interest 
✅ No requirements for minimum withdrawal
✅ No monthly fees
✅ A single free withdrawal per month
✅ No minimum amount on savings accounts
✅ Bitcoin rewards credit card

Brief: BlockFi is a one-stop-shop for cryptocurrency, and in many ways, it mirrors a banking app. It has a secure wallet, access to a Bitcoin and Litecoin exchange, transferring features such as money wiring, and a vast array of other bank-like features.

However, its most attractive feature is that it reports your earnings to the IRS. This means that you’re automatically covered when tax season comes around, and you don’t have to worry about having an unreported income that lands you in legal trouble.

The fees for BlockFi differ based on the coin you’re buying and selling, but you can wire money free of charge.

15) Luno

✅ Quick and easy way to trade bitcoin against fiat currencies 
✅ Easily convert between crypto and fiat currencies
✅ Send crypto and fiat email payments for free
✅Businesses can accept and pay in crypto with a business account

Brief: Luno is a cryptocurrency exchange aimed mainly at emerging markets. Luno offers Bitcoin services to countries such as Malaysia, Nigeria and Indonesia which are usually not allowed on most Bitcoin exchanges.

Established in 2013 originally as BitX and rebranded to Luno in 2016, Luno has offices in 3 cities around the world – London, Cape Town and Singapore. The company serves over 3 million users from over 40 countries worldwide and has over 100 employees. The company is based in the UK and has raised over $13m from prominent investors such as Ventura Capital and Digital Currency Group.

Luno offers several services for its users including a cryptocurrency trading platform, a brokerage service, a Bitcoin wallet and an API for developers. Your Luno account is controlled through a simple dashboard that gives you access to different sections such as the instant buy / sell service, account reports, settings, etc.

Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this article is solely the opinions of the writer who is not licensed financial advisor or registered advisor. Investing may pose risk of loss. The writer does not guarantee any particular outcome.

Mat

Mat is the founder of cashtipsandtricks and has been working in the financial sector in Luxembourg for the past 10 years. He brings his insights as an investor and entrepreneur.

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