Best Cryptocurrency Exchange Fees

Best Cryptocurrency Trading Apps | Bankrate

Best Cryptocurrency Trading Apps | Bankrate
Written by publisher team

While the popularity of cryptocurrency has skyrocketed in recent years, a small minority of Americans actually trade it. Among the most popular cryptocurrencies are Bitcoin, Ethereum, and Dogecoin, each of which has seen significant action in the past year or so. Merchants call? The ability to make significant money from the volatility of this highly speculative asset.

Increasingly, traders have more and more ways to access cryptocurrencies. In fact, you may already have an app on your phone that allows you to trade. For example, if you have a PayPal or Venmo app, you can buy and sell at least a few different cryptocurrencies. But other apps give you access to a wider range – there are literally thousands – or they offer other benefits like low cost.

Here are some of the best apps for cryptocurrency trading and some of the basic things you need to know.

Best apps for cryptocurrency trading

The applications below include some typical phone-based trading applications, some general financial applications and specialized cryptocurrency exchanges. We have included the rates as well as the number of currencies the app allows you to trade, so you can get a feel for the scope of each app.

If you are interested in trading the largest cryptocurrency, Bitcoin, exclusively, it may not make sense to use an app that offers you dozens of others. On the other hand, if you are looking to trade whatever is hot at the moment, consider an app with more variety.


Robinhood may be known for its ingenious application of trading for stocks, options, and ETFs, but it has also expanded into cryptocurrencies. Additionally, it brings its commission-free structure to the crypto world. Although trading may seem free, Robinhood charges a spread rather than a direct commission, which means the costs are included in the price of buying or selling the currency. You can get started almost immediately with Robinhood’s teleportation feature, so just download and go.

cost: 0 dollars, or no commission, but there is a price difference

Coins available for trading: Seven of them, including Bitcoin, Dogecoin, and Ethereum


Webull may not be the poster child for trading apps, but its feature set seems a step above Robinhood. Webull, like its well-known competitor, offers stocks, options, ETFs, and cryptocurrencies without out-of-pocket commission. Likewise, Webull works on the spreads for its crypto trades, so your cost is embedded in the trade. You can also trade a few more coins than you can at Robinhood, including Cardano.

cost: No commission, but profit margin is 1 percent (100 basis points)

Coins available for trading: 11 different variants, including Bitcoin, Ethereum, and Cardano


The eToro broker is cryptocurrency all the time (at least for US traders, although others can trade stocks). At eToro, you will have access to 32 cryptocurrencies, including quite a few that you wouldn’t normally find in brokerage apps like Tezos, Uniswap and Polygon. The app does not charge a direct commission, rather it is a markup that can vary widely depending on the cryptocurrency, ranging from 0.75 percent for bitcoin to 5 percent for others.

cost: No commission, but profit margin ranges from 0.75 to 5 percent

Coins available for trading: 32 cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and more


When you think of cryptocurrency, you may not think of CashApp at first. The financial app is more commonly known as a cash management account or even its ability to trade stocks and ETFs. But it also provides the ability to trade cryptocurrencies, albeit only one – Bitcoin. While you can send Bitcoin to other users for free, CashApp charges what it calls a “nominal fee” for trading the currency, which you’ll disclose before you trade. This is in addition to the spreads that are included in the trade itself. Unfortunately, it does not disclose the exact fee structure.

cost: Spreads plus trading fees

Coins available for trading: only bitcoin


Like CashApp, you may already have PayPal installed on your phone, and if so, you can work with cryptocurrency in seconds from now. You will not be able to pay or send cryptocurrency to other people, but you can trade it. PayPal charges a fee for any transaction and also rates in the spreads on its trades. The fee starts at 50 cents for deals under $25, then moves down to as low as 1.5 percent for deals over $1,000. Helpfully, PayPal clearly lists its fee structure for all to see. PayPal’s sister app Venmo offers the same services on similar terms.

cost: Spreads plus trading fees that start at 50 cents and go down to 1.5 percent

Coins available for trading: Four different cryptocurrencies – Bitcoin, Ethereum, Litecoin, and Bitcoin Cash

Queen Piece

Coinbase is a specialized cryptocurrency exchange that allows you to trade a range of digital currencies, 107 max. This range will likely scratch your crypto itch, as it includes most of the top coins, including Bitcoin, of course. But what would you pay for using the basic service? Unfortunately, Coinbase has become more and more cautious about what you will pay for trading, recently blocking the fee structure on their website.

When it was visible, the fee structure was complex to say the least. You will pay a profit margin of 0.5 percent and a transaction fee depending on the size of the transaction and the funding source. For Coinbase Pro, you’ll pay a fee that starts at 0.5 percent for trades under $10,000 and goes down to 0.15 percent for volumes up to $100,000 and then works your way down.

cost: Usually at least 1.99 percent (lower with Coinbase Pro)

Coins available for trading: 107, including Bitcoin, Ethereum, Cardano, and Solana

legendary sea monster

Kraken is another specialized cryptocurrency exchange that allows you to trade a lot of different currencies, including the most popular and some (Solana, Uniswap, Cardano, and more) that are not usually available in the usual financial apps. In total, the exchange supports trading in 91 cryptocurrencies. Kraken does not provide its services to residents of New York and Washington state.

Kraken generally charges 1.5 percent (or 0.9 percent for stablecoins) but debit or credit card transactions have a fee of 3.75 percent plus 25 euro cents, and you can get 0.5 percent online banking processing fee, if you fund through one banks. But the prices drop significantly if you use Kraken Pro. Fees there start at 0.16 to 0.26 percent at the lowest volume levels and drop to a range of 0 to 0.1 percent for volumes of $10 million or more in the last 30 days. High net worth traders can also access margin trading, which increases their buying power (and risk).

cost: 1.5 percent fee, plus card and online banking fees (lower with Kraken Pro)

Coins available for trading: 91 of them, including Bitcoin, Ethereum, Solana, and Uniswap


The best crypto trading app for you depends on your needs. If you are looking to trade a wide range of cryptocurrencies, consider an app that will allow you to do so. But if you prefer to stick primarily with the main apps like Bitcoin, Ethereum, and a few others, many of the apps mentioned here can get the job done. But cost is an important consideration as well, so keep that in mind before opening an account.

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Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making any investment decision. In addition, investors are advised that the performance of past investment products does not guarantee future price increases.

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