These five cryptocurrency trading apps will provide you with everything you need to trade cryptocurrencies. Whether you’re a beginner looking to pick up some bitcoin, or an advanced trader that needs support for staking and the latest coin listings. In this post, we look at the key features of each trading app, and some other important information that you may need to know. These apps are available for both iOS and Android on the app stores.
1. Coinbase
The first crypto trading app on the list is Coinbase. Coinbase is the number two crypto trading platform in the world by trading volume, as of writing this post. Coinbase is a popular choice for beginners. It is an app that focuses on ease of use and simplicity. There isn’t a huge list of trading features or complex charts, that you have to navigate through just to buy some cryptos.
Coinbase is a service where a lot of first-timers will gravitate towards. Because it’s a really simple way to buy cryptocurrency with a credit card or a bank deposit. You’ll get a small selection of the latest news, stories on the homepage, which is a good feature. To be honest, that is what most of the other apps don’t have. The whole thing just feels more like a retail experience rather than a service for advanced traders.
Coinbase does have a separate app called Coinbase Pro. This is an add-on that you can download and use with your Coinbase credentials. It adds some more advanced features that Coinbase is missing.
The Pro version comes with a more in-depth charting and the ability to input limit orders. Even though the app is called Coinbase Pro, it still lacks many professional options, especially compared to the other apps on this list.
Fees on Coinbase are dependent on your purchase methods and are quite complex. But essentially, you’ll be paying a flat fee or a percentage based on the transaction value, whichever is higher. Coinbase Pro fees are much lower than those found on any coin base app with a flat fee of half a percent for trades.
Another great feature of Coinbase is that they give you free transfers between Coinbase accounts. You can transfer from your Coinbase account to any other Coinbase account, using off-chain transfers for free.
You could potentially save a lot of money in network fees over the long term if you send crypto to other people. While coin base is easy to use. The only downside is that, it doesn’t have professional trading features, and also has very poor coin support.
2. Kraken
Kraken is one of the early trading exchanges and trustworthy. If you’re a first-timer and want to buy some Bitcoin or Ethereum with cash and Coinbase. This is a good app but a comparatively expensive way to trade. Kraken now has two versions – Kraken and Kraken Pro.
The Kraken app is a simplified way to buy cryptocurrencies. The Pro version has Pro features like order books, charting order types, and more trading information as well.
The Pro app adds on some extras like being able to input a variety of different order types, like limit orders, stop-loss orders, and even take profit orders. This gives you a lot of control over your trades. This is something professional traders look for in a trading platform.
If you’re looking to trade cryptocurrencies more actively that want to see your trading levels. The Kraken Pro has that for you. Whereas, Coinbase isn’t really going to give you that same level of functionality.
Kraken fees are quite competitive overall as well with no fees at all for instant buys. The reason for that is they actually take a small spread in the price. So you’ll be paying a little more for your crypto, but it just won’t be shown as a fee.
If you use Kraken Pro you’ll be paying anywhere from .26% – to .16% with fees coming down, the more that you trade. This isn’t the very cheapest set of fees in the marketplace, but it’s mighty close. Kraken is very competitive overall for right now.
On the Krakken Pro app itself, it does allow for some cryptocurrency staking, but you have to go onto the web version for this. The Kraken app has more professional designs, but for a lot of users, it may look a little bit clunky. Overall, it has a clean and simple setup. Unlike Coinbase, Kraken has comparatively good support. Also, lower fees are a big reason to use both Kraken and Kraken Pro.
For Android
For iOS
3. eToro
eToro does have eToro X, a fully-fledged crypto exchange, and the eToro wallet and mobile wallet to hold cryptocurrency. The eToro app will allow you to trade a good range of Cryptos, along with other assets like stocks and even funds. eToro is a one-stop-shop for trading. So it could be a nice option for people who just want to sign up for one account, and also be safe in the knowledge that their holdings can’t get hacked.
The eToro app would let you trade Cryptos like Bitcoin or Ethereum and Cardano. You can keep those in your portfolio along with shares in Apple and Amazon. eToro also has something called Copy trading which allows you to follow traders on the platform, and copy their trades. You can simply set up a copy portfolio on the app and see how your investments go.
It is also a social platform of sorts, allowing you to see posts and articles from traders. Also has a list of the most profitable traders on the platform. It has the ability to hold Bitcoin alongside shares in Tesla. This is something that none of the other crypto apps has on this list.
eToro fees are hidden within the price that you pay or receive when buying or selling. So it’s difficult to compare them to the others on this list. But that’s a common thing for trading services like eToro as you are trading most of the time. This is a way to trade price movements in securities without having to actually own them. It also offers different types of trading, so be sure to check them out.
Honestly, eToro won’t be a good choice if you want to get into the crypto ecosystem, stake coins and use cryptocurrencies to interact with the decentralized world. However, if you’re just looking to make money and trade price movements. eToro is convenient and offers more options.
4. Crypto.com
Crypto.com also offers a suite of financial services, backed by your crypto. You can buy cryptocurrencies, earn income from your cryptocurrencies. Also get a Crypto.com credit card with cashback on purchases based on your holdings of CRO, which is the coin of Crypto.com. Crypto.com supports trading in about 80 coins at the time of writing this post. The other payments and financial services may be of interest to you.
There’s a paid feature in the app, which makes using the app to pay for items with crypto much easier. This type of service hasn’t really taken off in a big way as yet. There isn’t really an agreed-upon default cryptocurrency for purchasing goods and services, but it’s there and it’s in Crypto.com.
Another option in Crypto.com is staking CRO, as crypto.com makes money from the financial services it provides. You can actually take part in this by staking CRO tokens on the platform. You can also stake stable coins on the platform, with nice returns, up to 12%.
Trading fees on Crypto.com are competitive, coming in at around 0.1% to 0.16%, and you can get a further 10% discount if you stake some CRL on your account. Crypto.com has a nice amount of professional trading options and also some extra financial services, that’s around crypto holdings. It could be a good option for some. It may be a little bit overwhelming for first-timers who just want to pick up some bitcoin.
5. Binance
Binance, is really the king of crypto exchanges trades, the largest volume of crypto on a daily basis by a huge margin. Binance offers many ways to buy and trade cryptos. From beginner style credit card transactions to complex leveraged trades. There can be a little overwhelming the first time as there’s a lot going on, but you can ignore most options on there. Simply go-ahead to the simple buy crypto button to buy some crypto with cash.
Binance really stands out because it offers many features directly in the app. It has the ability to stake coins, invest with Binance, and swap coins via its decentralized exchange. It also has the lowest trading fees in the market at 0.1%. If you use Binance coin to pay for your fees, you’ll get a 25% discount, taking your fees down to 0.75% Which is really unbeaten.
The charting software on Binance is also competitive with options to see a variety of data points. You can have full control over your trades with limit orders and stop-loss order types. Binance isn’t just a crypto exchange but it’s growing into an entire crypto ecosystem. And if you do want to get more into cryptos and especially on coins. You’ll find that having an account with Binance is more of a requirement and an option.
If you’re in the US, then you have to use Binance US, which is a different service than Binance due to some US-centric regulations. However, the overall platforms are very similar, although there are some products that Binance has, the Binance US doesn’t enjoy them.
That concludes our list of best cryptocurrency trading apps. Although Binance offers the best support for all coins, the most markets, and the most liquidity in the crypto space, all of the apps we’ve mentioned will appeal to different people, depending on your requirements.
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