If you want to trade crypto, there are a lot of options to choose from. Different apps have varying fees and commissions, deposit methods, support for certain coins, and other features. Choose the app that offers the best overall experience for you and meets your needs.
For example, if you’re planning to use an app that is a wallet in addition to an exchange platform, check whether it supports your preferred fiat deposit method or how long it takes for a given transaction to complete. For added security, consider using a hardware wallet, such as the Ledger Naxo X, which is designed to protect your private keys from theft.
eToro is an all-in-one crypto trading app that offers over 250 coins and metals to trade, along with a broad selection of popular stocks. Its user-friendly interface makes it easy for beginner-to-intermediate traders to get started with cryptocurrencies. It also provides a range of investment strategies, including a “dollar-cost averaging” feature that invests a fixed amount at regular intervals (e.g., every week or every month) to help reduce the impact of market volatility.
Additionally, eToro offers a wide variety of banking partnerships and integrations, and the ability to transfer funds directly into an account through supported banks.
Coinbase is a specialized cryptocurrency exchange that allows you to buy and sell over 230 coins. Its platform is simple to navigate and has an intuitive design, but it does not offer as many coins as some of its competitors. Coinbase is also cagier about what it charges to use its service, which can be confusing for newcomers.
For more advanced users, Kraken is a trusted and regulated online exchange with competitive prices. Its customer support is available through phone, email and live chat. Traders should be aware that Kraken does charge withdrawal fees.
Also Read: Bitcoin for beginners guide
Aside from offering a large number of crypto assets to trade, Binance is a popular option among users looking for the best crypto trading app. It offers a robust set of features, including options trading, spot markets, staking, and futures contracts. In addition, the app allows for direct deposits via credit and debit cards, as well as third-party e-wallet services such as Advcash.
ZenGo is a crypto app that is primarily an exchange but also offers some other features. For instance, it has a keyless software feature that uses facial recognition to advance coin security. Moreover, it lets users track price information and create alerts for specific coins. Its mobile app is free to download and is available for both iOS and Android. It has over 6 million registered users.