Best Cryptocurrency Exchange App

Best Cryptocurrency Exchange Apps: 2021 Detailed Guide

best crypto exchange apps
Written by publisher team

Cryptocurrency exchanges are rampant these days, even though the industry is in a choppy state. This is because people have been able to purchase these cryptocurrencies with relative ease with the help of mobile applications. But not all applications provide fruitful results, one can be better than another. That is why we have compiled some of the best cryptocurrency exchange apps available at the moment.

The success of cryptocurrencies such as Bitcoin and Etherium creates a path forward for many others to achieve success. You can even see some meme-based cryptocurrencies like Dogecoin finding relevant success in the booming market. So it is time for people to think about investing in cryptocurrencies regardless of whether they want to buy them at low prices, sell them at a high level or even share them. Yes, you can also technically make money from the cryptocurrency you have in your wallet.

Best crypto exchange apps

Queen Piece

Coinbase is by far the most popular cryptocurrency trading platform available in the market at the moment. It can be used for all types of traders, from beginners to advanced. There are more than 43 cryptocurrencies available for trading at the moment. Since Bitcoin and Etherium are the main entrances, users can also trade in other currencies more often. However, it takes some time for new cryptocurrencies to reach this platform. Despite this, many consider it the best app for buying cryptocurrency.

Users can also use real-time order books and charting tools, set up recurring purchases and quickly place their own orders. Beginners can also learn about cryptocurrency while earning cryptocurrency tokens. This can be done by watching videos and taking tests on different cryptocurrencies. In terms of security, it is one of the best sites because it has not been hacked before.

The only problem is that the service fee structure is quite complex and can be quite expensive, even when making a small purchase. Another thing to note is that you can store all of your cryptocurrency in the Coinbase wallet, which is decentralized. There is also a premium Coinbase offer for advanced users.

Positives

  • Beginner friendly
  • easy to implement
  • Educate new users
  • The mobile application mirrors the desktop functionality
  • Best for US Users
  • Insured wallets
  • high liquidity
  • Variety of cryptocurrencies
  • High level security

Negatives

  • Complex fee structure
  • Exorbitant fees for small purchases
  • Take some time to adopt new coins
  • The user cannot control the wallet keys

Binance

Best crypto exchange

Binance is the largest cryptocurrency trading platform globally, both in terms of trading volume and weekly site visits. Users can trade, buy and sell cryptocurrencies just like any other platform. It has two main versions (Binance.us and Binance.com), each with its own advantages and disadvantages. It is one of the best applications for buying cryptocurrency.

Most people prefer the international version because it supports more than 350 cryptocurrencies, making it the only platform that supports many currencies. However, the US version still offers its customers to participate in annual bonuses (0.5% to 10%) and mining pools.

Many find this platform convenient due to its low fees. However, the debit card transaction fee is 4.5% which is higher than other fees in the market. It also has its own currency (BNB), which can be traded at a lower cost than other currencies due to the 25% discount. The biggest downside is that it is designed for advanced users and does not offer a crypto savings account.

Positives

  • Largest library of supported coins and tokens
  • Fast transaction times
  • low fees
  • Advanced Graphing

Negatives

  • Binance.us options are limited compared to the international version
  • Limited customer support
  • Made for advanced users
  • Not supported in all countries
  • No crypto savings account

eToro

Best app to buy cryptocurrency

eToro is one of the new cryptocurrency exchange platforms, and it comes with a social media trading feature. With the help of the social media feature, you can follow the investments of other traders. eToro offers almost all the popular cryptocurrencies, and it is better than its competitors. However, it has fewer options compared to its competitors.

In terms of pricing, it’s pretty straightforward, which is great but can be pricey over anything other than Bitcoin or other major cryptocurrencies. Anticipating all this, it can also act as a multi-asset trading platform for those who want to diversify their investment portfolio.

They are also offering a $50 bonus to new customers who open an account and trade $1,000 worth of cryptocurrency before August 31, 2021. For starters, they have a demo account, where you can practice trading before using the actual money.

Positives

  • Available all over the world
  • Users can copy the wallets of other traders
  • Low minimum to start
  • Popular currencies not found on other major exchanges
  • Easy to use app
  • Direct fee structure
  • Demo account to practice
  • Multi-asset trading platform for stocks

Negatives

  • Limited options in the US
  • It does not support as many tokens and coins as other platforms in this list
  • High fees on some cryptocurrencies
  • Only available in 43 countries

Twins

Best app to buy cryptocurrency

Gemini was started by the Winklevoss twins, who created ConnectU, the predecessor of Facebook. It has more than 20 cryptocurrencies, including its own called Gemini dollar (GUSD). The Gemini dollar is a stable currency pegged to the US dollar and can be converted back at any time.

You can fund your account directly from your bank account or in other currencies stored in another wallet outside the site. You can also earn interest on your cryptocurrencies (7.4% on tokens and 3.05% on bitcoin). In terms of functionality, it has a great mobile app that is very easy to use. You can also use your crypto wallet to buy things directly from popular retailers with the help of Flexa. Surprisingly, it also has an NFT Marketplace where you can buy and sell digital artwork and collectibles.

Positives

  • Very easy to use interface
  • Available in all 50 states, including New York
  • fixed interest rates
  • Good for new and experienced investors
  • In a market built with retailers
  • Quick Subscriptions
  • Insurance and security

Negatives

  • High fees and pricing structure
  • He charges both commission and convenience fee
  • poor customer support

cash app

Best Cryptocurrency App

Cash app is the best cryptocurrency buying app for beginners as it allows users to invest with small amounts. Add the fact that there is virtually no commission and it becomes ideal for newcomers. It is one of the few applications where you can buy partial shares if you cannot afford the expensive shares. As a bonus, you can also trade stocks and ETFs with this app. However, it does not offer mutual funds, stock options, or bonds (at the time of writing).

The Cash app also has tools and lessons for beginners like My First Store to learn more about investing. It also acts as a bank account where users can pay rent, transfer money, shop online and even get their debit cards. For people looking to invest in Bitcoin, the app allows users to withdraw the cryptocurrency to their own wallets. This is very important in investing, however, you do not have private keys to your wallet.

Positives

  • No commissions
  • Suitable for novice investors
  • Partial share investment
  • Cash management features
  • Money transfer feature
  • Ability to withdraw bitcoin
  • Simple user interface

Negatives

  • Limited investment options
  • Limited account types
  • Only supports Bitcoin and does not support other cryptocurrencies
  • Daily and weekly withdrawal limits
  • No desktop or web platform

Frequently Asked Questions

What are the best cryptocurrency exchange apps in India?

Here are the best cryptocurrency exchange apps in India.

  • Binance
  • WazirX
  • Queen Piece
  • CoinDCX
  • CoinSpot
  • CoinSwitch Kuber
  • legendary sea monster
  • Unocoin
  • ZebPay
  • CoinMarketCap

What app has the most cryptocurrency?

Here are the top 5 platforms with the most coins:

  • Hotbit (979 coins)
  • Gate.io (714 coins)
  • Bilaxi (712 coins)
  • HitBTC (504 coins)
  • Mexico (487 coins)

How can I get Crypto for free?

Most cryptocurrency platforms have ways to get free crypto rewards just for signing up or completing tasks. You can also earn free crypto by hoarding your own coins. Here are some of the applications that support staking:

  • Coinbase (earning and staking program)
  • eToro (Registration Bonus)
  • Vayager (Staking – 10% ownership stake)
  • Gemini (7% stake in Ethereum staking-7%)
  • BlockFi (Staking- 8.6% compound annual interest paid in monthly installments)

Tell us about your cryptocurrency exchange experience in the comments section below. Also, what app did you find easiest to use?

About the author

publisher team