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Seasoned digital asset investors will often combine the fruits of an online web platform and a mobile app when trading cryptocurrencies.
In this article, we'll focus on exploring the five best crypto apps in the market right now – based on fees, regulation, assets, payments, and more.
We broke our list of the best crypto trading apps down to just five top-rated providers – which you will find outlined below.
1. eToro – Overall Best Crypto App in 2022
2. Binance – Best App for Cryptocurrency Trading
3. Coinbase – One of the Best Apps to Buy Cryptocurrency Instantly
4. Webull – Best App to Invest in Cryptocurrency With Small Stakes
5. Kraken – Top Crypto App for Advanced Trading
To ensure you select the best crypto app for your needs – below you will find reviews of the above five providers.
In the reviews below, we explore the best crypto apps in terms of safety, supported markets, user-friendliness, fees, and other key metrics.
Are you looking for the best app to buy cryptocurrency? eToro offers a safe and low-cost way to buy and sell digital currencies – and overall, we found this provider to offer the best crypto app in 2022. Available on both iOS and Android, the free eToro app gives you access to dozens of crypto markets. This covers large-cap tokens Bitcoin, Cardano, Ethereum, and BNB – as well as smaller projects.
When buying and selling digital currencies via the eToro crypto app, you will only pay the spread. Starting from just 0.75%, this offers a super cheap way of accessing the markets. Moreover, there is no requirement to risk large sums of capital here – as the minimum cryptocurrency trade at eToro is just $10. Did you know eToro also offers the best crypto wallet across the board?
In terms of payments, this is where the eToro crypto app also stands out. This is because you can deposit funds instantly via a debit/credit card or an e-wallet like Paypal. ACH and bank wires are also supported. All deposit methods are fee-free for those funding their account in USD. Otherwise, you will pay a small FX fee of 0.5%.
And most importantly, eToro also offers one of the best crypto apps for safety. This is because the brokerage firm is regulated by the SEC – as well as with financial bodies in Europe and Australia. In addition to spot trading, you can also invest in cryptocurrencies passively. This can be achieved via a professionally managed SmartPortfolio that covers a basket of digital tokens.
Buy Cryptocurrency on eToro Now
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Binance offers one of the best apps for cryptocurrency traders that wish to buy and sell digital tokens regularly. Not only does this top-rated provider offer markets on thousands of pairs – but you will only be charged a commission of 0.10% per slide.
The Binance app connects to the exchange's main web platform – so you also have the option to invest via a larger screen – should you wish to make use of the provider's technical analysis tools. In terms of deposits, US clients can add funds via a debit/credit card at just 0.5%. Other nationalities might pay more depending on the country of residence.
Buy Cryptocurrency on Binance
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Coinbase offers a simple, fast, and burden-free way of investing in cryptocurrency via your Android or iOS device. Once you have downloaded the app and registered an account, you will need to upload some ID. After that, you can invest in cryptocurrency instantly with a Visa or MasterCard payment.
In terms of fees, Coinbase charges 3.99% for its Instant Pay service – which is super-expensive. Standard commissions on crypto-to-crypto trades amount to 1.49%. Nevertheless, security is at Coinbase – with the crypto exchange keeping 98% of client funds in cold storage. In order to use the Coinbase app, you will also need to enter a PIN to gain access.
Buy Cryptocurrency on Coinbase
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Webull is a popular brokerage site that also offers a fully-fledged trading app. In addition to crypto, the app also gives you access to thousands of US-listed equities and ETFs, as well as the ability to trade stock options. You can buy and sell digital currencies via the Webull app at 0% commission – but the mark-up on spreads can be costly.
An additional benefit of buying and selling digital assets at Webull is that you only need to invest $1. This will appeal to those that are just starting out in the world of crypto trading and wish to keep the stakes low. When it comes to user-friendliness, the Webull app has been fully optimized for both Android and iOS – so the investment experience is highly suitable for newbies.
Buy Cryptocurrency on Webull Now
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Although Kraken is also used by inexperienced investors looking for a simple way to buy digital assets, it also offers one of the top crypto apps for advanced trading. The Kraken Pro app, for example, offers plenty of enhanced order types – which covers markets, limits, stop-losses, stop-loss limits, take-profits, and more.
The Kraken Pro app also comes packed with customizable charting options – so you scan the markets in a sophisticated manner. In terms of supported markets, the Kraken Pro app gives you access to 50+ crypto assets. This mainly covers large-cap tokens, alongside several DeFi coins. Trading commissions on the app start from 0.26% per slide.
In the sections above, we discussed five of the best crypto apps available to download right now.
It's also worth noting that the best crypto exchanges also offer fully-fledged crypto apps. This means you can buy and sell cryptocurrencies, manage your portfolio, and fund your account directly from your mobile device.
Regulation: First, check to see whether or not the provider behind the crypto app is regulated. eToro, for example, is licensed by the SEC and numerous other bodies. Binance, however, still operates without a license from a tier-one regulatory body.
User Experience: If you're a seasoned trader, then perhaps you will seek a crypto app that comes with an advanced interface. However, newbies will likely prefer a user-friendly crypto app that makes the process of buying, selling, and trading digital currencies seamless.
Tradable Cryptos: The best crypto apps in this market offer plenty of tradable cryptocurrencies. This will allow you to build a broad basket of digital assets and thus – you can mitigate your exposure.
Fees: Various fees will come into play when you use a crypto app. For example, Coinbase will charge you 3.99% to buy crypto with a debit/credit card, while at eToro, USD deposits are free. You also need to consider commissions – which again, will vary.
Tools & Features: We like crypto apps with added tools and features. This might include the savings accounts offered by Binance or the Copy Trading tool available at eToro.
Payment Methods: Finally, make sure your preferred payment type is supported before you download a crypto app. Look for instant methods such as a debit/credit card, Apple Pay, Google Pay, or Paypal.
Buy Cryptocurrency Now
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
This article has reviewed and critiqued the very best crypto apps in the market right now.
We found that overall, the best provider in this space is eToro – which is heavily regulated and used by more than 20 million clients.
In just five minutes, you can open an account, download the eToro app, and subsequently trade crypto on a spread-only basis.
Buy Cryptocurrency on eToro Now
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
