Categories Cryptocurrency, Finance

12 Best Cryptocurrency Apps 2021

Cryptocurrency trading is becoming more popular, and many people choose to manage their crypto portfolios from their smartphones. It’s a long way from where crypto began, with apps now offering more accessibility and security than ever before. At the moment, there are millions of people trading online. Using an app is convenient for trading cryptocurrency quickly and with low fees. In this article, we’ll review the best cryptocurrency apps available for Android and iOS. Please note that if you don’t want to use an app, virtually every network mentioned here has a website that you can use to log into your account on a PC or any other device.

Best crypto exchange apps 2021

Exchange name
Best for
 
Binance
Best for users based in Europe/Asia
Coinbase
Best overall for users based in the USA
eToro
Best for beginners
YouHodler
Best for long-term investing
NSBroker
Best for advanced day traders

Binance

(Available on iOS and Android)

Binance

Sign up

Binance is one of the largest cryptocurrency exchanges in the world. Founded in 2017, it has one of the lowest fees among all the apps we tested. It allows trading an impressive 500+ cryptocurrencies, with many new ones being added every day (although cryptos available to trade will be dependent on where you live). Binance is really easy to start with, requiring only basic info for new sign-ups (such as your name and email), although you’ll be required to provide more documents as your balance grows.

Binance has very advanced features which are not available on most other crypto apps. For example, it offers short-selling, crypto lending, futures trading, and staking. Binance is also one of the few apps which allows margin trading. Apart from these features, Binance provides round-the-clock customer support (although they offer no phone support). As a result, it is one of the most popular crypto apps and is used in more than 180 countries worldwide. This global reach also means that buying cryptocurrencies is allowed using 40 different fiat currencies and is not restricted to major currencies like USD, EUR, and GBP. The currencies available to you will depend on the country you live.

One major drawback is that it’s not very beginner-friendly. It has so many currencies and trading options that when you first install it, it can be slightly difficult to work your way around its interface. However, they have remedied this by introducing “Binance Lite”, a simplified version of the app which is more friendly to beginners. Although there have been reports of security breaches in the past, Binance is still considered one of the most secure app to use. Despite Binance being global, it is banned in the United States (possibly for political reasons, as it was initially based in China).

Pros

  • Minimal fees
  • 500+ cryptocurrencies listed
  • Buy/sell cryptos using 40+ fiat currencies
  • Lite version available for beginners
  • You can short-sell, trade futures, open positions on a margin, and many other advanced features
  • High liquidity

Cons

  • Not available in the United States
  • Some users have complained about the lack of customer support

Coinbase

(Available on iOS and Android)

Coinbase

Sign up

Coinbase is the crypto app with most users in the United States, and it allows trading over 25 different cryptocurrencies. It has a high level of security and is a well-organized centralized company with a clean track record. The user interface is probably one of the easiest to get around, and they already have a reputation for high liquidity (which allows you to withdraw your funds quickly). They have a premium option, Coinbase Pro, which has relatively lower fees than Coinbase. It also allows higher balances ($250,000 and above).

Pros

  • Most popular for users in the US
  • Great user interface
  • 25+ coins to exchange, with many new ones being added
  • High liquidity
  • Proven safety track-record
  • Coinbase Pro provides FDIC insurance for large USD balances

Cons

  • High fees (unless using their Pro option)
  • Required a lot of documentation to make an account

eToro

(Available on iOS and Android)

eToro

Sign up

eToro is one of the most popular trading apps available in 2021. eToro is used internationally, so if you’re from a country that doesn’t normally allow crypto trading, eToro can be a great option for you. In addition, newcomers can practice using virtual money (they start with an account of $100,000) before investing real money – this is known as “paper trading”. eToro has high liquidity, and users can deposit and withdraw money easily via bank transfer, credit card transaction, or Paypal. While the platform was originally focused on Forex trading, developers used that experience to create a stock & cryptocurrency exchange platform. eToro has a 24/7 live feed with real-time updates of the price of cryptos. eToro also allows other users to discuss daily crypto trades, making it a great social trading platform. It even allows you to “follow” other investors and copy their exact trades – this is great for beginners, who can follow a professional crypto trader’s daily trades and learn along the way.

eToro allows trading 15+ cryptocurrencies, which is quite limited, although new cryptos are always being added to the platform. Another big drawback we found is the noticeable spread in the commissions. eToro has one of the highest fees of any crypto app we found. Nonetheless, the ease of use makes it worthwhile for many. To start trading, users must invest a minimum of $25. This may seem negligible for seasoned traders who use larger sums, but many newcomers might be put off because of this.

Pros

  • Easy to use
  • Can be used to trade forex and stocks
  • 24/7 live feed/trading
  • Fairly wide variety of altcoins
  • Includes a crypto-wallet
  • Allows paper-trading for beginners

Cons

  • $25 minimum trade
  • Noticeably wide spreads
  • Limited coin options

Youhodler

(Available on iOS and Android)

Youhodler

Sign up

Youhodler is a Swiss-based platform that boasts many features that make it more than just a cryptocurrency exchange app. It gives out crypto-loans in major fiat currencies (USD, EUR, GBP, and CHF). The loans are cheap but flexible (allowing for extensions). Youhodler is accepted internationally and centralized in Switzerland. They also offer relatively high-interest rates, averaging around 10%, and paid weekly, thus allowing compounding interest. Withdrawals are easy, and multiple withdrawal methods are offered. The best feature is their advanced security system and cold storage of funds in well-known international banks. Youhodler has only been recently launched and has yet to accrue a long history of safe and secure practices – only time will tell how trustworthy they are. However, so far, they have garnered an impressive score of 4.5/5 on Trustpilot, with users praising their high-interest rates and smooth withdrawal process.

Pros

  • High-interest rates that are paid out weekly
  • Many crypto options
  • Safe storage of your cryptocurrencies
  • Easy withdrawal of funds

Cons

  • Not available in the USA or China
  • Relatively new platform

Gemini

(Available on iOS and Android)

Gemini

Sign up

Gemini is a well-known crypto trading app and has a reputation for being very secure. They’ve been in business since 2014 have never been hacked so far, which is an impressive track record. Gemini offers a choice of over 20 cryptocurrencies, and the app can be used as both a wallet (to store crypto you’ve already bought) and a crypto-exchange platform. Users can get started quickly with Gemini, which has a very streamlined and easy approval process. Gemini has its own stablecoin, called Gemini Dollars, which many other apps also allow trading with. GUSD is based on the US dollar in a 1:1 ratio. As a perk, Gemini users get FDIC insurance on their USD balances. The Gemini app is less feature-packed than its desktop counterpart but has enough options for basic trading. In addition, Gemini offers a savings plan for interest earnings in altcoin or bitcoin. A major drawback is that it’s only supported in the United States and five other countries.

Pros

  • An industry leader in security
  • No minimum deposit
  • Supports many currencies
  • FDIC insurance for USD balances
  • High liquidity

Cons

  • Not available internationally

NS Broker

(Available on iOS and Android)

NSBroker

Sign up

NS Broker is an advanced platform used for trading stocks, cryptocurrency, commodities, and other investments such as EFTs. The application used to trade in NS Broker is MetaTrader 5, a feature-rich software and app used by professional crypto traders. Although the trading platform is one of the fastest and updated in real-time, it is worth noting that they only offer a 1:2 leverage (depending on your region). In addition, transaction fees and other withdrawal fees are kept to a minimum. You can trade in Forex, Stocks, Indices, Metals, Energies, and, of course, cryptos on the app. Their customer service system is one of the most advanced, with multiple language support. NS Broker is a safe and secure platform for most of your trading needs in one place.

Pros

  • Uses the advanced MetaTrader 5 software
  • Regulated and well-established network
  • Low/minimum fees
  • Excellent customer support
  • Other investments (forex, commodities, etc.) are also available
  • Extensive analytics

Cons

  • Only five cryptocurrencies available for trade (BTC, ETH, LTC, XRP, BCH)
  • Extremely advanced platform, used by professional users

Kraken

(Available on iOS and Android)

Kraken

Sign up

Founded in 2011, Kraken is a widely used, US-based crypto trading platform that allows exchanging fiat currencies with cryptocurrencies. Kraken is global, being available in almost 180 different countries around the world. They have a solid track record of being trustworthy and secure and are one of the few US crypto apps offering features such as margin trading. Kraken has very competitive fees compared to its counterparts and deals with over 60 cryptocurrencies and seven fiat currencies. Note that, like Binance, Kraken is geared towards more advanced users, as there are many coins and trading options. Unfortunately, Kraken has an abysmal rating on Trustpilot, scoring only 1.9/5, although there is a lot of spam on the review page which seems to have lowered its score.

Pros

  • Many advanced features
  • Proven track record of safety
  • Low fees
  • Many cryptocurrencies listed
  • Geared towards advanced users

Cons

  • Not beginner-friendly
  • Low Trustpilot score

Robinhood

(Available on iOS and Android)

Robinhood

Sign up

Robinhood is a popular American exchange platform founded in 2013, used for commission-free trading of stocks, ETFs, and as of 2018, cryptocurrencies. Although Robinhood does not offer many cryptocurrencies for trading, they do offer the main ones. It’s recommended for beginner crypto traders, as the user interface is extremely intuitive and beginner-friendly. Unfortunately, Robinhood is only available for users in the USA, where most of its user base is found. The biggest drawback of Robinhood as a crypto app is that it does not offer crypto wallets – which means you cannot actually deposit or withdraw cryptocurrencies from the platform. Instead, cryptos you buy will be pooled into Robinhood’s own wallet, and you will only own the fiat currency equivalent of that investment.

Pros

  • Very user friendly
  • Low fees
  • Widely used
  • Proven track record

Cons

  • Only available for US citizens or residents
  • Only a small range of cryptocurrencies available
  • No cryptocurrency wallets available

BlockFi

(Available on iOS and Android)

BlockFi

Sign up

BlockFi is a privately owned crypto trading app and a “crypto bank”, which makes it stand out from the crowd. It offers loan services as well as compound interest on three cryptocurrencies: BTC, GUSD, ETH. Many BlockFi users transfer their cryptos to their BlockFi accounts to generate interest – it is the ideal wallet for users wanting to hold their cryptos for long periods of time. They are also one of the only platforms with a bitcoin-based credit card. Users can make money from this app in others ways, even if they are not advanced traders, such as gold investments. BlockFi also has free (but limited) monthly withdrawals of cryptos – every calendar month, users are allowed to withdraw one free stablecoin and one free crypto coin. BlockFi doesn’t have any fees for depositing or withdrawing money, but buying or selling cryptos incurs a relatively high trading fee (spread).

Pros

  • Transparent and secure
  • Offers loan services
  • Offers interest-bearing savings account
  • Has many features of a bank account
  • Offers easy liquidation via bank transfer or credit card withdrawal
  • Free monthly withdrawals of one stablecoin and one altcoin
  • Adheres to US financial regulations

Cons

  • Does not accept fiat currencies, only uses GUSD as a currency
  • Interest rates can change

Bitstamp

(Available on iOS and Android)

Bitstamp

Sign up

Bitstamp is a Luxembourg-based crypto exchange platform that allows users to trade fiat and several major cryptocurrencies. It is one of the oldest crypto apps (established in 2011). Despite being hacked in 2014 and 2015, the exchange has put additional security features (such as two-factor authentication) and is considered a safe crypto app to use. Bitstamp is also an industry leader in cold wallets (these are wallets that are not connected to the internet but only stored on your device), making it a safe place to store your coins. Bitstamp is more popular in Europe, where most of its users are based. Bitstamp has relatively lower fees than other crypto exchanges, especially if you’re a European user, as SEPA bank transfers will have very low fees. Although Bitstamp has many cryptocurrencies listed, it’s nowhere near the amount offered by other exchanges like Binance. Additionally, its app is quite basic and not suitable for advanced users.

Pros

  • Low fees
  • Implemented higher security standards after a 2014/2015 hacking
  • Excellent cold wallet protocols

Cons

  • The app is missing advanced features
  • Mostly geared towards European users

Wirex

(Available on iOS and Android)

Wirex

Sign up

Wirex is a UK-based company founded in 2014, which has only shown progress since its inception. Using their platform gives you access to a Wirex card, a Mastercard with contactless payments. Wirex is available in over 40 countries, but not in the United States yet, although sources suggest it will soon be available to American users. Some other countries have Wirex support but without the Mastercard advantages.

The Wirex digital wallet stores up to ten different cryptocurrencies (BTC, ETH, LTC, XRP, etc.). Users can buy cryptos using fiat currencies (GBP, EUR, etc.). Fiat currency availability is region-dependent, so you will need to check which currencies are available in your location first. USD deposits are only available for European residents. Wirex also allows you to exchange between different cryptos within the platform. Funding your Wirex account is easy using bank transfers or debit/credit cards, and withdrawals have daily and monthly limits but minimal fees. Many users have noted, however, that Wirex’s fees have gone up over time. The platform’s interface, while not the most user-friendly, is focused on crypto exchange. Wirex has an average score of 3.2/5 on Trustpilot.

Pros

  • Multiple cryptocurrencies
  • Multiple fiat currencies
  • Mastercard (debit) with contactless payment support
  • Minimal fees
  • Live chat support

Cons

  • Not available in the US
  • Withdrawal limits
  • Some features are only available in specific regions

Cash App

(Available on iOS and Android)

Cash App

Sign up

For those new to crypto but still wish to trade, Cash App is a viable option. Cash App is primarily a mobile payment service, allowing users to transfer money from one account to another. Although not technically a crypto trading platform, users can use the funds in their account to buy bitcoin. A major drawback is that it charges a comparatively high fee for each transaction. Apart from that, it has a user-friendly interface and offers debit card and bank transfer payments. The app is very similar to conventional digital money apps like Paypal, except that it allows bitcoin withdrawals (with some restrictions). Other banking features like stock investment are also available. Note that Cash App does not deal with any other cryptocurrency apart from Bitcoin – and thus can be considered more of a wallet and less of a cryptocurrency exchange.

Pros

  • User friendly
  • Similar to banking apps
  • Allows stock Investment

Cons

  • You can only buy Bitcoin
  • High fees for every transaction
  • Limits placed on withdrawals

Bonus apps – crypto portfolio trackers

Apart from crypto exchanges and wallets, it is important to have apps where you can input your crypto positions (across all the platforms you’re using) to keep track of your investments. There are many crypto portfolio trackers, but these are some good ones you should consider:

Crypto Pro

(Available on iOS, Android coming soon)

Crypto Pro

Sign up

Crypto Pro is a crypto portfolio tracker that can be accessed across many devices – including smartwatches such as the Apple Watch. This makes it invaluable for checking your portfolio on the go. Crypto Pro is free and provides a secure connection to manage your cryptocurrencies and keep track of them accurately. In addition to tracking your cryptos, you can access data on other investments. There is no data collection in Crypto Pro, and backups are entirely optional on the cloud. This makes it an extremely safe app to use. Unfortunately, there is no android version yet.

Pros

  • Live updates
  • Notifications
  • Available on smartwatches
  • Syncing with multiple devices
  • Highly secure and private
  • Exchange API is available

Cons

  • Not available on Android yet

Delta

(Available on iOS and Android)

Delta

Sign up

Delta is a crypto tracker to help you keep up to date with your crypto portfolio. It is free and allows you to keep track of up to 7000 altcoins, with detailed analytics and charts. The app also shows the data in your preferred fiat currency to make things easier to analyze. You can set up multiple portfolios and, within the same app, set strategies for each one. It is a feature-rich, fully customizable cryptocurrency portfolio management platform with personalized notifications. Upgrading to their Pro version gives you the ability to add more devices instead of just two. This is a good option for heavy crypto traders. Delta has a straightforward and intuitive interface, making it very beginner-friendly. Their customer support is good, although they do not offer any phone support.

Pros

  • Easy to Use
  • Supports over 7000 crypto coins
  • Free (for up to two devices)
  • Ability to automatically track multiple portfolios
  • No CSV imports required

Cons

  • No phone support
  • Only syncs two devices in the free version
  • Upgrading to Pro is quite expensive

ACCOINTING

(Available on iOS and Android)

ACCOINTING

Sign up

Feature-rich and insightful, Accounting.com is perfect for managing multiple cryptocurrency wallets. You can use it to access other exchanges and wallets to track your performance. The interface is straightforward to figure out, and the platform provides a paid tax report creation service. Using Accointing.com, you can track several crypto exchange platforms through a single application on your smartphone. It is one of the only apps to manage both your crypto portfolio and corresponding taxes simultaneously.

Pros

  • User-friendly interface
  • You can track over 300 wallets and exchanges
  • You can track more than 7500 cryptocurrencies
  • You can manage your taxes

Cons

  • You have to pay to access tax report generation

Cryptocurrency for beginners: an overview

Before you start using crypto apps, it is important to understand what exactly cryptocurrencies are. The standard definition is that they are digital assets with a decentralized monetary value that can, in many cases, be exchanged for products and services. Many beginners find that definition confusing and complicated. The simple version is that crypto is digital cash that is not physically minted and not regulated by a central authority such as a national bank. Every transaction of bitcoin is recorded and logged, typically in a blockchain. You don’t need to understand the blockchain or mining processes to use and exchange cryptocurrency. However, you should always research the coins you are investing in. So-called “tokenomics” can determine the price and potential of the crypto you are buying. Cryptocurrency is usually stored in digital wallets. Each wallet has a unique set of “keys” that make spending and exchanging crypto coins possible.

What are cryptocurrency apps?

You must make a necessary distinction between “crypto exchange” apps and “crypto wallet” apps. While both are apps, exchange apps are used to buy and trade cryptos, whereas wallet apps store digital money or send and receive it safely. Exchange apps enable exchange between different cryptocurrencies and fiat currencies, much like a currency exchange. In other words, they allow users to exchange one currency for another and purchase cryptocurrency using traditional money (such as US Dollars, Euros, etc.). Using crypto exchanges allows you to buy cryptos using payment methods such as bank transfers, debit cards, or Paypal. Some apps function as both a wallet and an exchange, but we primarily focus on cryptocurrency exchange apps in this article.

Common crypto terminology you should understand

  • Blockchain: This is the system used to record transactions made in cryptocurrency. Every time a transaction is added to the blockchain, it is confirmed over an entire network.
  • Stablecoin and Altcoin: Stablecoin is a cryptocurrency that is not very volatile and is usually pegged to other currencies such as gold or fiat. It is typically used to refer to bitcoin. An altcoin is short for “alternative to Bitcoin” and is typically any cryptocurrency but bitcoin.
  • Fiat money: Traditional currency that a government backs, such as USD or GBP.
  • Hardware Wallet: Devices, such as your computer, tablet, or phone, is used to store the cryptocurrencies, such as a USB Flash drive or SSD in your phone/device.
  • Keys: For cryptocurrency to work, there must be two codes for every transaction: public and private. The private key is kept hidden by the owner, and anyone who has access to the key can act as the owner. Public and private keys are part of the encryption and decryption process to conceal sensitive data.
  • Mining: This is the complex process that people use to solve mathematical problems and mine cryptocurrency. The word stems from mining minerals such as gold. Still, no physical process is involved – it is entirely a mathematical calculation that requires a lot of computing power to perform a function known as hashing.

How to find the best crypto app?

Even if you start using one of the apps we recommend, it is important to know why we chose it and determine which app is better for your own needs. These days it seems there is a crypto app being launched every day, so it is important for you to be able to know which is trustworthy. Due to the sensitive nature of crypto apps, we always recommend a careful selection to avoid security risks. There are several major factors that you should look for in crypto apps:

Security

Because we never physically see cryptocurrencies, it is easy to forget that they have actual value. Like banking apps, crypto apps store money and data related to exchanging that money. For cryptocurrency exchange applications to be considered safe, the highest-level security protocols must be used. Because cryptocurrency is decentralized, it is hard to trace a transaction in the event of a security breach. If someone can penetrate the security systems of the app and access your data, they could send all your money to themselves, and there would be little to no way of figuring out where the money went. Consequently, strong security features are a must-have for any crypto app.

Availability and accessibility

It may seem obvious, but it’s worth mentioning: the app must be available for your geographical location. Many countries have placed restrictions on using some or all cryptocurrencies, so you will need to do some research specific to your country. Furthermore, the crypto app should allow you to deposit and withdraw funds via your preferred methods, be it bank transfer, credit card transaction, or an online payments system like Paypal or Stripe.

Features

A good crypto app must include more features than simply buying or selling, depending on your level of expertise. Certain advanced features, such as short-selling cryptos, or trading futures, are a must-have for many successful traders. Additionally, skilled traders will need advanced charts for their own technical analyses of the crypto. Another important feature is the app’s capability to trade your chosen coins or tokens. Some crypto apps limit you to trading only one or two major coins (e.g., BTC and ETH), whereas others make an effort to list the newest coins and tokens, which, in some cases, can offer better growth.

Low fees

The majority of crypto apps have fees for depositing or withdrawing money and buying or selling cryptocurrencies. Unfortunately, some apps take advantage of new users, who are not aware of these fees, and overcharge compared to other crypto apps. The ideal app will have low fees and spreads, thus allowing you to trade efficiently without paying too much to the platform.

Updated data

As with any trading app these days, it’s best if data is continuously updated in real-time. This is a lot like the stock exchange, where the current price of a stock is of vital importance to traders. We live in the digital era, where prices can change at lightning speed. An instant, real-time app is the best option for cryptocurrency exchanges. Even if you use the app to keep track of your crypto portfolio, this is an important feature to seek out when using any crypto app.

Customer support

As with most financial services, having good customer support is extremely important. You want to find a crypto app with a proven track record of good support so that if you face any problems, it is dealt with quickly and professionally. This is especially important if you want to deposit or withdraw funds from your app and are unable to. If you’re not an English speaker, then ensure the app offers customer support in your native language.

After trying out various options, we can recommend the following 12 applications as the best crypto apps in 2021.

Final words on using cryptocurrency apps

Trading has moved from the physical stock market to the online market. As more people use apps to trade cryptocurrencies, the market has moved towards being volatile 24/7. The increased accessibility and ease with which anyone can purchase Bitcoin and other altcoins mean many lose their money due to misinformation. Therefore, it is important first to learn the proper trading terminology and the processes involved in the cryptocurrency exchange.

Look online for tutorials on cryptocurrency, and keep an open mind. Some may get lucky and succeed, without any education on the matter, but they are in the minority. It doesn’t hurt to be well-informed. It is also important to understand the different security measures apps and platforms use to ensure the safety of their users. It is not easy to remedy a security breach, so it’s always better to be safe than sorry.

Now that you know the basics about cryptocurrencies and crypto apps, you may feel confident enough to begin your (hopefully fruitful) journey in trading cryptos online.

Disclaimer: TechObservatory.com is not a registered investment, legal, tax advisor, or broker/dealer. All investment/financial opinions expressed by TechObservatory.com are from the personal research and experience of the website editorial team and are intended as educational material. Although best efforts are made to ensure all information is accurate and up to date, unintended errors and misprints may occur occasionally.

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