With Bitcoin no longer being the only cryptocurrency available, a multitude of new digital assets continue to emerge. This makes it essential to identify secure and reliable cryptocurrency applications, whether for use as digital wallets or for trading purposes. This guide highlights 12 top applications that provide a safe environment for purchasing and managing cryptocurrencies.
While the primary focus is on trading apps, we have also included some options for market data and price tracking to help you make informed decisions based on accurate and real-time information.
It is important to note that many fraudulent applications aim to steal users' cryptocurrency holdings. Always verify the authenticity and security credentials of any app before use.
Advantages of Using Crypto Trading Applications
Using dedicated mobile applications for cryptocurrency transactions offers several benefits compared to alternatives like ATMs or specialized websites:
- Receive instant updates via push notifications instead of delayed emails.
- Faster access—simply open the app and navigate to the desired section.
- Lightweight design that doesn’t slow down your smartphone.
- User-friendly interfaces with intuitive navigation.
- Well-organized functions for seamless operation.
- Access to customer support and assistance in many cases.
- Carry your wallet anywhere and manage investments on the go.
As new technologies and methodologies for crypto trading continue to evolve, so do the tools for managing digital assets. A quick search will reveal a vast number of options, making it crucial to choose wisely.
Coinbase
As one of the earliest brokers in the market, Coinbase allows users to buy and sell Bitcoin, Litecoin, Ethereum, and other cryptocurrencies. It supports multiple payment methods, including credit/debit cards and SEPA transfers, and is compatible with external platforms for fund transfers.
The Coinbase app is available for Android and iOS. Users can download it from the respective app stores, complete the registration process, and create a wallet directly within the app. It also provides real-time market data to inform buying and selling decisions.
With over 73 million users, Coinbase is renowned for its straightforward interface and remains a leading choice for cryptocurrency trading.
👉 Explore this secure trading platform
eToro
eToro is a versatile cryptocurrency app ideal for beginners, yet it offers advanced features that eliminate the need to switch platforms later. It provides access to over a thousand assets for trading various cryptocurrencies and traditional currencies.
Founded in 2006, eToro is known for its social trading and copy-trading features. It allows users to replicate the strategies of experienced investors, including financial experts. The app offers real-time crypto market data, detailed charts, stop-loss functionality, and a community discussion forum.
Kraken
Kraken stands out for its strong security measures for transactions and user data. While the Pro version caters to intermediate and advanced traders, the standard app is suitable for beginners. It offers access to over 100 markets and supports trading for more than 70 cryptocurrencies.
With lower fees than many competitors, Kraken is an excellent option for small-scale investments. Its customer support is available 24/7. One limitation is that the app is not available in Spanish.
Binance
One of the most well-known platforms, Binance is a comprehensive ecosystem that includes its own cryptocurrency, Binance Coin (BNB). The app offers competitive pricing for BNB, Bitcoin, Ethereum, and other assets. Fees are 2% for debit/credit card payments and 0.075% for crypto trades.
Binance also offers a desktop platform in addition to mobile apps. Key features include access to major markets, transaction history tracking, and real-time valuation in US dollars. A standout functionality is Binance Pay, which allows instant global cryptocurrency transfers between users.
👉 Discover advanced crypto tools
Luno
Luno is a growing application that currently supports only Bitcoin and Ethereum trading. It serves several countries where other platforms are unavailable, such as Nigeria, South Africa, and Indonesia. Currently, it only accepts bank transfers as a payment method.
The sign-up process includes identity verification, ensuring transaction security. Its less congested network allows for relatively faster trading execution.
BlockFi
BlockFi enables users to trade and earn up to 10% APY interest on crypto holdings. It also offers cash loans collateralized by cryptocurrencies, allowing users to avoid liquidating their digital assets. The platform provides crypto-backed accounts, a credit card that offers cashback, and institutional custody services.
Robinhood
Robinhood allows commission-free trading of cryptocurrencies and traditional stocks. It offers user-friendly financial management tools and is an excellent choice for beginners. The platform is planning to expand its crypto offerings and introduce a digital wallet feature.
KuCoin
KuCoin is a multi-cryptocurrency platform that enables buying, selling, and storing digital assets at competitive fees. It rivals Binance in functionality and allows trading of less popular cryptocurrencies with high growth potential. The app is available for both Android and iOS.
Crypto Pro
Initially developed for Apple Watch, Crypto Pro is a tracker for cryptocurrency portfolios. It allows users to monitor cryptocurrencies, fiat currencies, and precious metals. The app offers price charts, news alerts, and syncs via iCloud across Apple devices. Note that it is not available for Android.
Plus500
Plus500 is primarily a stock trading app that also supports Bitcoin trading and provides real-time prices for other cryptocurrencies. As a publicly traded company, it offers reliable data. The app features a demo mode for practice trading and supports a wide range of exchanges.
Cex.io
Cex.io offers robust tools for managing crypto assets, supporting Bitcoin and seven other major digital currencies. It provides real-time price reports and allows payments via credit/debit cards and other cryptocurrencies, facilitating quick transactions.
XTB
XTB is a comprehensive trading app that supports cryptocurrencies along with over a thousand other instruments. It offers full trading functionality, price alerts, and educational resources through its xStation platform. Although it has a monthly fee, a 30-day trial is available.
Frequently Asked Questions
What should I look for in a crypto trading app?
Prioritize security features, low transaction fees, user experience, and available customer support. Ensure the app supports the cryptocurrencies you are interested in and offers reliable real-time data.
Are cryptocurrency apps safe to use?
Reputable apps implement strong security measures, including two-factor authentication (2FA) and encryption. However, always download apps from official stores and be cautious of phishing attempts.
Can I buy cryptocurrency without a bank account?
Some platforms allow purchases using credit/debit cards or other cryptocurrencies, but most regulated services require bank account linking for fiat currency transactions.
What is the difference between a crypto exchange and a wallet app?
An exchange facilitates buying and selling cryptocurrencies, while a wallet app stores private keys and enables sending/receiving digital assets. Some apps combine both functions.
Do all crypto apps support altcoins?
No, support varies by platform. Some apps only offer major cryptocurrencies like Bitcoin and Ethereum, while others provide a wider selection of altcoins.
How do transaction fees compare across apps?
Fee structures differ significantly. Some charge a flat percentage per trade, while others have tiered fees based on trading volume or payment method.
Conclusion: Which Is the Best Crypto Solution?
Numerous applications offer secure ways to buy and sell cryptocurrencies. The ones listed here are recognized for their security, usability, and feature sets tailored to different types of traders.
Your choice should align with your specific needs, experience level, and investment goals. While thousands of apps are available, the best ones combine low fees with strong security measures.
Based on simplicity, usability, and competitive fee structures, Coinbase stands out as a top choice for many users.