9 BEST Crypto Trading Apps (2024)

Cryptocurrency exchange platforms allow you to trade tokens and digital currencies like BTC, ETH, and DOGE. Trading crypto is conveniently done on desktop and mobile apps. If you want to trade, opening an account with a crypto exchange is the way to start. You can use a cash card or connect your bank account through ACH to fund your crypto account. Many of the best crypto trading apps monitor the market in real-time, have many payment methods, and trade crypto at no or low fees.

The following is a curated list of the Top Crypto Trading Apps for beginners with their features, pros, cons, key specs, pricing, and website links.
Read more…

Top Pick
ByBit

Bybit's advanced trading system is ever-reliable with No Overloads and a 99.99% availability track record since inception. It offers an advanced order system where traders can set TP/SL for entry orders. It boasts a daily turnover of $700 million and accepts cryptocurrency deposits.

Visit ByBit
Top Pick
MEXC

MEXC Cryptocurrency exchange. Our platform provides fast and secure digital asset trading services with real-time prices of crypto tokens such as Bitcoin BTC, Ethereum ETH plus other altcoins: NFT, DeFi, GameFi and Metaverse zones. Buy crypto on MEXC!

Visit MEXC
Top Pick
Zengo

Zengo is the most secure non-custodial wallet in Web3 by removing the private key vulnerability, making it the simplest yet most secure wallet to invest in cryptocurrency. Create an account in less than 60 seconds and be the true owner of your crypto.

Visit Zengo

Best Cryptocurrency Apps for Trading

Tool Name Available Cryptos Fees to Trade Fees to Buy Crypto Minimum Deposits or Purchase Link
Zengo 120+ 0.75% to 1.99% 1.99% to 5.25% $0 Learn More
Uphold 250+ 0.8% to 1.5% 0 $1 Learn More
PrimeXBT 40+ 0.0001% to 0.05% 0 $1 Learn More
Pionex 250+ 0.05% 0.05% $0 Learn More
Phemex 279+ 0.01% to 0.06% 0.8% $0 Learn More

1) Zengo

Best for Keyless Software to make quick purchases

Zengo is a noncustodial mobile crypto trading app with innovative security measures. The app enables you to track your portfolios, access crypto holdings, and earn daily interest rewards.

Zengo approves buying crypto using Apple Pay or a credit card. You can also earn interest on crypto holdings by lending to a decentralized liquidity pool and staking your assets.

This crypto app has keyless software with facial recognition capability to advance coin security. So it divides the user’s private key into two sections and distributes its storage to prevent the wallet from being hacked.

#1 Top Pick
Zengo
5.0

Available Cryptos: 120+

Fees to Trade: 0.75% to 1.99%

Fees to Buy Crypto: 1.99% to 5.25%

Visit Zengo

Features:

  • You can track market caps and live prices of the supported cryptocurrencies.
  • It offers Keyless Encryption with two separate decryption codes.
  • Zengo offers a “Chill Storage” that ensures the users can access their assets if the company ceases to operate.
  • It uses Zoom’s Biometric Protection software for scanning the user’s face.
  • The app provides your historical transactions and helps track the flow of funds.
  • Supported System: Android, iOS

Pros

  • Zengo crypto trading application is easy to set up and navigate.
  • The 3FA security ensures the app is safe for use.
  • The customer service is responsive at any time of the day.

Cons

  • New traders can find it hard to understand keyless technology.

Payment Options:

It supports Fiat Deposit in key currencies like USD, PAX, XTZ, TUSD, etc. Direct Bank Deposits and Wire are accepted to fund your account. Zengo does not allow you to buy using a Credit/Debit Card as well as PayPal and Apple pay.

How can you Open an Account?

Citizens of all countries except Syria, Pakistan, North Korea, Bangladesh, Iran, Cuba, Sudan, and Panama can open an account with Zengo. It does not need a KYC process.

Coins & Tokens

  • Available Cryptos: 120+
  • NFT Support: Yes
  • DeFi Support: Yes
  • dApps Support: Yes
  • Margin Trading: No

Transaction Fees:

  • Fees to Trade: 0.75% to 1.99%
  • Fee to Buy Crypto: 1.99% to 5.25%

Visit Zengo >>

Free Wallet


2) Uphold

Best for trading and discovering new tokens

With a user base exceeding 10 million spanning across 150 countries, Uphold provides a user-friendly platform for buying, trading, and holding a diverse range of assets, from crypto (over 250) to traditional currencies and precious metals. Uphold’s has a 100% reserve model that safeguards user funds and an openness to transparency, where real-time asset and liability data is publicly available and updated every 30 seconds.

#2
Uphold
5.0

Available Cryptos: 250+

Fees to Trade: 0.8% to 1.5%

Fees to Buy Crypto: 0

Minimum Deposits or Purchase: $1

Visit Uphold

Features:

  • Broad range of tokens and earliest token support
  • Connected to 26 underlying exchanges to find you the best token prices
  • Spend assets anywhere in the world with the Uphold Card (in the UK only)
  • Set up automatic, recurring transactions for dollar-cost averaging
  • Advanced trading features like take profit and trailing stop loss.
  • Send funds to any other Uphold account using just an email address
  • Transparency: Assets and liabilities listed publicly and updated in real time.
  • Security: 100% reserved meaning user money is kept at Uphold.
  • Trading: Uphold offers easy one-click trading between any assets.

Pros

  • Simple account setup, great for beginners
  • Simple UI and app experience
  • Many advanced trading tools
  • Trade between multiple asset classes (crypto, fiat currencies, metals)
  • New, low-liquidity altcoins added regularly
  • Transparent and reserved

Cons

  • Basic charts

Payment Options:

The minimum Deposit or Crypto purchase amount is just $1.

It supports Fiat Deposit in key currencies like USD, EUR, GBP, CAD, AUD, USDC, SGD, BRL, etc. Allows you to buy using a Credit/Debit Card as well as Apple Pay and Google Pay. Direct Bank Deposit and Wire are also accepted to fund your account

How can you Open an Account?

Uphold is available in over 150 countries including US, UK, EU and LATAM. The KYC requirements include a photo of ID issued by the government, a full legal name, and a selfie.

Coins & Token:

  • Available Cryptos: 250+
  • NFT Support: No
  • DeFi Support: No
  • dApps Support: No
  • Margin Trading: No

Transaction Fees:

  • Fees to Trade: 0.8% to 1.5%
  • Fee to Buy Crypto: 0

Visit Uphold >>

Free Wallet

Disclaimer: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.


3) PrimeXBT

Best Anonymous Exchange with no KYC Requirement

PrimeXBT is known for offering margin trading of cryptocurrencies. It has a wide range of assets beyond cryptocurrencies. With over 40 cryptocurrencies and over 50 forex pairs, PrimeXBT offers commodities and stocks such as TSLA and forex. The platform offers forex, commodities, and stocks in addition to crypto trading.

#3
PrimeXBT
4.8

Available Cryptos: 40+ Crypto

Fees to Trade: 0.05%

Fees to Buy Crypto: 0

Minimum Deposits or Purchase: $1

Visit PrimeXBT

Features:

  • Prime XBT is perfect for experienced traders due to its attention to detail.
  • It allows traders to copy the most successfully through a copy trading feature.
  • Crypto users are required to provide KYC information in order to use the exchange.
  • Trading View Interface: PrimeXBT offers an advanced Trading View interface with comprehensive charting tools and analytical features, catering to both novice and experienced traders.
  • Adjustable Leverage: The platform provides leverage trading, allowing users to trade larger positions than their initial capital. PrimeXBT offers up to 100x leverage on cryptocurrencies.
  • Isolated/Cross-Margin: Traders can choose between isolated and cross-margin trading. Isolated margin limits risk to individual positions, while cross margin uses the entire account balance to prevent liquidations.
  • All-in-One Platform: PrimeXBT is a multi-asset platform enabling users to trade in a wide range of markets, including cryptocurrencies and forex, from a single account.
  • Come with Crypto – Trade Traditional Forex Instruments: Users can deposit cryptocurrencies and use them to trade in traditional forex markets, offering a bridge between crypto and conventional financial markets.

Pros

  • There is a copy trading feature to help beginner traders make successful trades.
  • Crypto users can trade Contracts for Differences (CFDs), which allows traders to go long or short on their cryptocurrencies.
  • The platform has powerful charting and technical analysis tools.
  • It offers live chat customer support

Cons

  • Crypto users can’t deposit or withdraw fiat.
  • Not supported in Canada, USA, France, Japan, and Israel

Payment Options:

There are only two deposit methods on PrimeXBT, including cryptocurrency and Credit card. SEPA and Credit card payments can only be used to buy BTC. Accepted crypto deposits include BTC, ETH, USDT, USDC, and COV. The platform does not support PayPal, bank transfers, deposits, or buying crypto with fiats.

How can you Open an Account?

PrimeXBT is available in UK, EU, Turkey, India and 150 more. The KYC is not Required but in some cases might be required: Proof of Identity, Proof of Address, Proof of Source of funds

Coins & Token:

  • Available Cryptos: 40+
  • NFT Support: No
  • DeFi Support: No
  • dApps Support: No
  • Margin Trading: Yes

Transaction Fees:

Because you cannot own cryptocurrencies on the exchange, there are no costs associated with purchasing them on PrimeXBT. They only offer crypto CFDs. The exchange, however, charges a 0.05% fee for trading cryptocurrency; 0.001% for forex and precious metals, 0.01% for stock indices; and 0.01% for gas and oil commodities trading.

Visit PrimeXBT >>


4) Pionex

Best for Cross-platform Trading with a minimal fee

Pionex is an auto-trading platform equipped with 16 free in-built trading bots. The bots streamline the trading process and make the site an all-in-one solution for crypto exchange. Subsequently, Pionex has a Money Services Business (MSB) license granted FinCEN.

The exchange platform provides a trading domain for mobile and high-volume investors. Furthermore, it is one of the biggest brokers that aggregates liquidity with lower prices on Platforms like Huobi and Binance.

Pionex

Features:

  • It offers up to 3x leverage trading on certain coins to maximize potential profits.
  • The “Stop Limit” feature enables users to set selling and buying prices in advance to avoid losses.
  • You can access manual trading using a market or limit order to sell coins against USDT.
  • A “Trailing Sell” feature shows you the pumping market to avoid selling too early.
  • Supported System: Android, iOS, Windows, macOS

Pros

  • Pionex offers transactions with low trading fees.
  • It has a live chat and email customer support that is reliable.
  • You can access tutorials to learn how to use the trading bots.
  • The interface is customizable and user-friendly.

Cons

  • Pionex has no demo account to help new traders practice crypto exchange.

Payment Options:

The minimum Deposit or Crypto purchase amount is just $0.

It supports Fiat Deposit in key currencies like USD, EUR, GBP, CAD, AUD, USDC, SGD, BRL, USD, TWD, MYR, EUR, KRW, CAD, and IDR GBP, CZK, etc. Allows you to buy using a Credit/Debit Card as well as PayPal. Pionex does not support Fiat Deposit or Direct Bank to fund your account.

How can you Open an Account?

Citizens of Canada, the United States, South Africa, India, Thailand, Saudi Arabia, and 100+ countries can open an account with Pionex. The KYC requirements include address verification, phone number, full legal name, date of birth, and email.

Coins & Tokens

  • Available Cryptos: 250+
  • NFT Support: Yes
  • DeFi Support: No
  • dApps Support: No
  • Margin Trading: No

Transaction Fees: 3.5% to 4.5%

  • Fees to Trade: 0.05%
  • Fee to Buy Crypto: 0.05%

Visit Pionex >>


5) Phemex

Best for Crypto Buying, selling, and trading for all investors and traders

Phemex is the easiest way to buy Bitcoin. Our Buy Crypto service allows you to instantly purchase BTC and 50+ other cryptos including ETH, USDT, SOL, XRP, LUNA and more with a credit or debit card. Phemex offers several ways to buy Bitcoin, all through our ultra-secure, high-performance trading platform.

Phemex

Features:

  • Provides both Spot and Contract trading services
  • Simpler and safer deposits and withdrawals.
  • OSupports advanced order types, including ReduceOnly, PostOnly, and more.
  • One-click to place TakeProfit and StopLoss orders upon opening positions
  • Supported System: Android, iOS

Pros

  • You can begin to trade immediately and qualify for a commission.
  • Allows real-time “spot” investing
  • Trading cryptocurrencies is fast and can go through in minutes.

Cons

  • Complex fee structure
  • It does not accept citizens of the US for trading.

Payment Options:

The minimum Deposit or Crypto purchase amount is $0.

Phemex supports various fiat currencies, including USD, EUR, GBP, CHF, JPY, and CAD. Allows you to buy using a Credit/Debit Card as well as PayPal. Direct Bank Deposit and Wire are also accepted to fund your account.

How can you Open an Account?

Citizens of American, Argentina, Canada, Germany, and 90+ countries can open an account with Phemex. The KYC requirements include a photo of ID issued by the government, a full legal name, and a selfie.

Coins & Token:

  • Available Cryptos: 250+
  • NFT Support: Yes
  • DeFi Support: Yes
  • dApps Support: Yes
  • Margin Trading: Yes

Transaction Fees:

  • Fees to Trade: 0.01% to 0.06%
  • Fee to Buy Crypto: 0.8%

Visit Phemex >>


6) Binance

Best for Real-Time Cryptocurrency Trading for group traders and institutions

Binance has established itself as the best crypto exchange. It offers various order types such as limit order, stop order, stop-limit order, trailing stop order, and stop-market order.

With Binance, domestic banks and Automated Clearing House (ACH) offer wire transfers without any fees. The US clients have a transaction cost of about 0.5%, while other parts of the world pay up to a 4%.

Furthermore, Binance has crypto derivatives such as options, spot markets, staking, and futures. It offers users low trading commissions, especially those holding BNB tokens.

Binance

Features:

  • The borderless payment technology lets the customers pay and get paid in crypto.
  • It offers real-time market charts and moving averages to track your portfolio.
  • The app offers personalized access control to restrict which address or device can access an account.
  • It has end-to-end encryption to secure the transaction data.
  • Supported System: Android, iOS, Windows, macOS, Linux

Pros

  • The app has a high level of cybersecurity to keep electronic data safe.
  • Binance can offer instant loans to its active clients.
  • It has low cryptocurrency trading fees.
  • The process of signing up is simple, even for new traders.

Cons

  • The app features may be overwhelming for new crypto traders.

Payment Options:

The minimum Deposit or Crypto purchase amount is just $10. It supports Fiat Deposit in key currencies like USD, EUR, AUD, UGX, PEN, HKD, UAH, KZT, TRY, RUB, etc. Allows you to buy using a Credit/Debit Card as well as PayPal. Direct Bank Deposit and Wire are also accepted to fund your account.

How can you Open an Account?

Citizens of the UK, Germany, France, Belgium, Italy, and 140+ countries can open an account with Binance. The KYC requirements include a photo of ID issued by the government, Passport, address verification, driver’s license, number, PAN card, social security, and voter ID card.

Coins & Tokens

  • Available Cryptos: 500+
  • NFT Support: Yes
  • DeFi Support: Yes
  • dApps Support: Yes
  • Margin Trading: Yes

Transaction Fees:

  • Fees to Trade: 0.1% to 4.5%
  • Fee to Buy Crypto: 0.1% to 4.5%

Visit Binance >>


7) Kraken

Best for Crypto Buying, selling, and trading by all level investors and traders

Kraken is a secure crypto exchange used by active traders, groups, and institutions. Besides portfolio diversification, Kraken users can invest in margin trading, staking, and futures. The platform runs centralized exchanges with an order book where users can take and place orders with an option to limit order prices.

Kraken also has a live “Cryptowatch” that tracks the price data of crypto markets. Among other advanced features are the two-factor codes. You can use the codes to sign in to your account to trade and request withdrawals.

Kraken

Features:

  • You can have custom indicators to help you visualize crypto markets.
  • This platform provides a portfolio charting to help analyze the market trends.
  • The user can create volume and price alerts to get push notifications.
  • Spot Rates and Real-Time Indices allow users to manage risk and mark their portfolios.
  • Supported System: Android, iOS, Windows, macOS, Linux

Pros

  • Kraken has a live customer support team that is responsive.
  • It has a low exchange and transaction fees in the crypto markets.
  • The platform has a higher level of trust and security.
  • This crypto app offers tokens and coins to international customers.

Cons

  • It can confuse Kraken users since each level has a different fee.
  • Funding your account using Fiat currency takes a longer time, up to 5 days.

Payment Options:

The minimum Deposit or Crypto purchase amount is just $10.

It supports Fiat Deposit in key currencies like USD, AUD, EUR, JPY, GBP, etc. Allows you to buy using a Credit/Debit Card but not with PayPal. Direct Bank Deposit and Wire are also accepted to fund your account.

How can you Open an Account?

Citizens of Canada, Italy, Denmark, the Central African Republic, Japan, and 170+ countries can open an account with Crypto.com. The KYC requirements include a photo of an ID issued by the government, a Passport, a national ID, and a driver’s license.

Coins & Tokens

  • Available Cryptos: 65+
  • NFT Support: Yes
  • DeFi Support: Yes
  • dApps Support: No
  • Margin Trading: Yes

Transaction Fees:

  • Fees to Trade: 0% to 0.26%
  • Fee to Buy Crypto: 0.9% to 1.5%

Visit Kraken >>


8) Coinbase

Best for Beginner cryptocurrency traders and institutions looking for staking features

Coinbase is a trading platform for decentralized exchanges. Its investing, sending, receiving, and trading features stand out. Its algorithms execute and optimize trades depending on your trading goals.

The platform has a custodial option that stores coins on the Coinbase.com exchange and a Coinbase Wallet. It advances in cold storage to keep the clients’ funds offline, which means users cannot control their private crypto keys.

You can fund Coinbase accounts with a wire transfer, debit/credit card, ACH transfer, and PayPal. Apart from this, you trade major crypto pairs, stocks, and futures, while enjoying high liquidity in the volatile markets.

Coinbase

Features:

  • Coinbase offers customized reporting and audited statements for its clients and administrators.
  • Clients can lock withdrawal requests for 48 hours to enhance security for their assets.
  • It has a dashboard that summarizes the market and sorts by pricing, losers, and gainers.
  • Coinbase earn rewards its clients whenever they learn more about the platform operations.
  • You can access news notifications that give the best picks from Coindesk, Coin Telegraph, and other media updates.
  • Supported System: Android, iOS, Windows, macOS

Pros

  • Coinbase provides tutorials to introduce newbie traders to crypto marketing.
  • Signing up a process for a Coinbase account is quick and easy.
  • The interface is friendly, which makes trading easy for crypto beginners.
  • Low minimums for funding your account.

Cons

  • Coinbase has a complex fee structure and can charge high transaction fees.
  • Clients do not control their private keys.

Payment Options:

The minimum Deposit or Crypto purchase amount is just $2. It supports Fiat Deposit in key currencies like USD, EUR, GBP, etc. Allows you to buy using a Credit/Debit Card as well as PayPal. Direct Bank Deposit and Wire are also accepted to fund your account.

How can you Open an Account?

Citizens of the United Kingdom, United States, Philippines, Australia, Canada, India, and 100+ countries can open an account with Coinbase. The KYC requirements include a photo of an ID issued by the government, a Passport, or a driver’s license.

Coins & Tokens

  • Available Cryptos: 130+
  • NFT Support: No
  • DeFi Support: Yes
  • dApps Support: Yes
  • Margin Trading: Yes

Transaction Fees:

  • Fees to Trade: $0.99 to $2.99
  • Fee to Buy Crypto: 0% to 0.50%

Visit Coinbase >>


9) Fixedfloat

Best for Anonymous Crypto App

FixedFloat is an ideal lightning Network for trading large volumes of tokens and digital currencies. It offers cryptocurrency exchange networks and automated swap services to traders.

This decentralized exchange is not a custody platform. It does not store funds for its clients, nor does the software need a Know Your Customer (KYC) verification process. On FixedFloat, users can access an order book to exchange Bitcoin and other cryptocurrencies.

Moreover, this trading platform uses a fixed and float rate to exchange cryptocurrency. You set the transaction price with a fixed rate commencing a transaction. However, if you trade with h float rate, the transaction cost depends on the required amount of blockchain confirmations.

Fixedfloat

Features:

  • FixedFloat provides Bitcoin’s layer two solutions that increase the speed of transactions.
  • The program provides automated receipts on created orders.
  • You can track your order using the ledger of fund transfer, email, or directly on the website.
  • Transactions are dependent on a set number of blockchain confirmations.
  • Supported System: Windows, macOS, Linux

Pros

  • The app has a fast transaction speed of about 30 minutes.
  • You can contact the technical team through Email, Telegram, Twitter, and live chat.
  • Fixedfloat network is anonymous and ensures the privacy of its clients.
  • It has low trading fees and reasonable exchange rates in the market.

Cons

  • It only supports popular cryptocurrencies, with some coins having limited reserves.

Payment Options:

The minimum Deposit or Crypto purchase amount is just $2. It allows you to buy using a Credit/Debit Card as well as PayPal. Fixedfloat does not support Fiat Deposit or Direct Bank to fund your account.

How can you Open an Account?

Citizens of the United States, Denmark, Argentina, Switzerland, Venezuela, Singapore, and 50+ countries can open an account with Fixedfloat. It does not need a KYC process.

Coins & Tokens

  • Available Cryptos: 20+
  • NFT Support: No
  • DeFi Support: No
  • dApps Support: Yes
  • Margin Trading: No

Transaction Fees:

  • Fees to Trade: 0.5% to 1%
  • Fee to Buy Crypto: 0.5% to 1% + network fee

Visit FixedFloat >>


10) Gemini

Best for Web App for Large/ Institutional-grade traders and Investors

Gemini is an all-in-one cryptocurrency app used by beginners, large Investors and seasoned traders to buy, sell and store cryptos. It is approved by Federal Deposit Insurance Corporation (FDIC) for USD transactions. Built for advanced traders, Gemini offers major crypto like Bitcoin and Ethereum to minor altcoins like 0x and Orchid.

The exchange acts as custody for large crypto groups and institutions. It encourages active trading, promoting auctions, multiple order types, and block trading. Gemini owns a non-fungible token (NFTs) marketplace where clients can store, sell, and buy NFTs on the blockchain. You can store tokens on insured hot wallets, save crypto and earn up to 7% interest.

Gemini

Features:

  • It has a Nifty Marketplace that provides collectibles and digital arts for trading.
  • You can customize push notifications using the dynamic price alert feature.
  • The app has hot wallets backed up and insured by underwriters.
  • This platform offers video webinars and a crypto glossary to help users learn.
  • The user can review the account histories and download the list for all transactions.
  • Supported System: Android, iOS, Windows, macOS

Pros

  • It has 5-minute cryptocurrency guides to help new users get started.
  • Contacting the customer service team is easy.
  • The signup process is easy and quick, taking less than 5 minutes.
  • The web and mobile app interface have a simple layout that is easy to navigate.

Cons

  • It charges a high convenience and commission fee for traders.

Payment Options:

The minimum Deposit or Crypto purchase amount is just $10.

It supports Fiat Deposit in key currencies like SD, EUR, GBP, CAD, AUD, SGD, etc. Allows you to buy using a Credit/Debit Card as well as PayPal. Direct Bank Deposit and Wire are also accepted to fund your account.

How can you Open an Account?

Citizens of Canada, the United Kingdom, South Korea, the United States, Australia, and 60+ countries can open an account with Crypto.com. The KYC requirements include full legal name, address verification, date of birth, social security number, phone number, and email.

Coins & Tokens

  • Available Cryptos: 75+
  • NFT Support: Yes
  • DeFi Support: Yes
  • dApps Support: Yes
  • Margin Trading: No

Transaction Fees:

  • Fees to Trade: $0.99 to $2.99
  • Fee to Buy Crypto: 1.49% to 3.49%

Visit Gemini >>

How to trade cryptocurrency?

Step 1) Research the trading apps

Trading platforms come with different features. Some features include order books, peer-to-peer trading, and payment methods.

Step 2) Create a Crypto brokerage account

Several crypto exchange platforms ask for personal information to create an account, such as addresses, identification information, email address, date of birth, and security number.

Step 3) Fund your account

You must deposit cash through wire transfers, credit/debit cards, Web Money, VISA, e.t.c. Ensure that the app supports Fiat deposits and allows for instant deposits.

Step 4) Select a Crypto to invest in and place orders

Pick a cryptocurrency and proceed to exchange on a peer 2 peer basis. You can also make your market maker order or take a market order from another peer.

Step 5) Set a strategy and buy cryptocurrency

Several apps have trading indicators to help you visualize crypto markets. You can also use the order book to guide you into taking and placing orders.

Step 6) Earn your cryptocurrency.

Deposit the crypto into the account wallet. You can choose to save, stake, withdraw or send it to another wallet.

What to look for in a Crypto Trading App?

Here are the factors to observe when selecting the best crypto app for beginners.

  • Real-Time Data: The crypto market is constantly moving, and coin value can rise and become obsolete within a short period. Select a comprehensive platform with a real-time tracker and an up-to-date feed to show you how the market performs.
  • Educational Resources: New traders need some help getting around the market. You need to look for a platform that offers tutorials and other educational resources to help you get started.
  • Location Accessibility: Specific exchange crypto apps are only supported in certain countries. Ensure that the platform is legally available in your country or state before venturing into crypto trading.
  • Interest earning: Good cryptocurrency exchanges provide a way to earn interest on your holdings and coins. Ensure you understand how the interest earnings and rates work before making a choice.
  • Regulation: Several reputable bodies should regulate legal brokerage firms. In the US, for instance, it is regulated by the Securities and Exchange Commission (SEC).
  • Fees: Make sure that you avoid paying unnecessary large fee charges. High fees can be a disadvantage to your returns. Look into the costs of withdrawal, trade, and deposit.
  • Trading Commissions: Several Crypto apps charge a 1.49% standard commission. The application you go for should let you pay this charge when buying and selling cryptocurrency.
  • Spreads: Consider looking for an app with a lower spread. A lower spread means higher liquidity with low volatility, thus increasing your profits.
  • Tools and Features: The user portfolio should have trackers and price alerts to keep you updated. A mobile app is also a bonus to let you trade on the go.
  • Customer Service: Selecting a platform with responsive online customer service is critical. You might need help with some features and contacting the support team is the better option.
  • Discounts and Loyalty Programs: The crypto platform should offer loyalty tokens and discounts. These can increase your crypto earnings and returns.
  • Limits: Consider looking at restrictions on the amount of cash you can invest in cryptocurrency trading. Restrictions could be in withdrawals, funding, and savings.
  • Account Verification: You should put your privacy first when trading cryptocurrency. You need to choose an app that allows you to authenticate your account.
  • Supported assets: Several cryptocurrency apps offer services other than Bitcoin and Ethereum trading. Look for an app that provides a wide range of services, including staking, stocks, futures, and other assets.
  • Cryptocurrency Selection: There are more than 4,000 cryptos around the world. The cryptocurrencies offered for exchange will depend on which coin you want to trade.
  • Payment methods: Crypto exchanges have several ways of purchasing crypto and funding your account. The platform can support credit/debit cards, wire transfers, and other digital payment methods.
  • User-Friendliness: The user interface should be welcoming, especially for beginner traders. It should be easy to understand and navigate.
  • Storage: You could choose a platform that has a wallet. A cryptocurrency wallet provides a means of storing your crypto investments.
  • Security: Ensure you review the safety features of an exchange platform. Also, look into the data encryption capability and two-factor authentication.
  • Reputation: Before opening a No KYC crypto exchange account, go through recent news updates. You can also research the user reviews to see what other people think of the application.
  • Investment goals: Look into the opportunities provided by the platform and see if it offers investment returns

FAQs

Following are some of the best crypto trading apps for beginners:

Whenever you buy and sell digital currencies, expect to pay fees during the exchange. Below are some fees to expect.

  • Trading Fees: The charges of trading fees vary according to the type of exchange. You can get a flat percentage charge but expect anything between 0.1% to 0.5% for each trade.
  • Withdrawal Fees: Several exchange platforms charge fees for withdrawing your digital assets. The set fee is charged depending on the type of currency you withdraw. You can find the withdrawal fees posted on the exchange websites.
  • Deposit Fees: The best cryptocurrency app for beginners allows users to buy crypto and make direct bank deposits without incurring any fees. However, some charge a fee of up to 1.5%. If you transfer money using a credit or debit card, the fees are higher due to the charges by the card issuer and the exchange platform.

Best Apps for Crypto Trading

Tool Name Available Cryptos Fees to Trade Fees to Buy Crypto Minimum Deposits or Purchase Link
Zengo 120+ 0.75% to 1.99% 1.99% to 5.25% $0 Learn More
Uphold 250+ 0.8% to 1.5% 0 $1 Learn More
PrimeXBT 40+ 0.0001% to 0.05% 0 $1 Learn More
Pionex 250+ 0.05% 0.05% $0 Learn More
Phemex 279+ 0.01% to 0.06% 0.8% $0 Learn More