Like most aspects of today’s mobile world, trading Bitcoin and cryptocurrencies has become a daily activity on our smartphones. The best apps for trading crypto have low fees, are simple to use, and offer unique new features like staking rewards and interest accounts for everyone from beginners to experienced professionals.
However, no single crypto app is the best option for every Bitcoin bull or bear. Your trading activity, preferred coins, country of residence, and overall investment strategy could all affect the best crypto trading app for you.
From huge sign-up bonuses to generous trading rewards, the best mobile exchanges and platforms for crypto trading vary greatly from one to another. In short, the best crypto app for buying bitcoin and ether will be different than the best for earning interest or the best for automated crypto trading.
Best apps for trading cryptocurrencies
Here are the best apps for trading and investing in cryptocurrencies by category, based on years of research:
To summarize, the best crypto apps for beginners are Coinbase and eToro. The best for more experienced users are Binance, Kraken, and Bybit. For earning interest in cryptocurrencies, the best app is BlockFi, while Kraken and Binance are great options for staking.
Since not all apps offer the same features, you should choose the one that best suits your needs. Some apps provide reams of functions and coins that might be over the edge if you’re looking to buy and hold. At the same time, others may be too limited if you’re trading the markets actively.
What to consider when choosing a crypto trading app
The best apps for trading cryptocurrencies on Android and iOS are secure, easy to use, frequently updated, have low fees, and accept various fiat and digital funding methods. Here are the main things to consider when choosing a crypto app:
- Security: When it comes to safety, things have gotten much better in recent years as most platforms have implemented key features like two-factor authentication, anti-phishing systems, email confirmations for withdrawals, cold storage solutions, and multi-signature algorithms.
- Beginner friendliness: As more people take their first plunge into the volatile cryptocurrency markets, beginners want an app that is easy to understand, has a simple interface, provides multi-lingual support, but most importantly, offers low fees. The great news: It’s never been easier to get started with crypto, and the best crypto apps are more user-friendly than ever before.
- Fees: Most crypto companies do almost anything to get more users, which involves slashing prices for trades and withdrawals to a bare minimum. Make sure your select mobile app offers competitive fees without compromising quality. Another thing to keep in mind is that exchanges are not in control of “miner” or “network” fees. These depend on the systems that process transactions.
- Investment goals: The best crypto app for you depends on the overall goal of your crypto activity. Is your strategy to buy and hold a few select coins for several years, or do you plan on trading the markets actively? Make your decision before jumping in.
Finally, before deciding on an app, make sure to test it first with a smaller deposit to see if it’s right for you. That’s how to choose a crypto app.
🔒 Use a hardware wallet to keep your crypto safe: Consider moving your coins away from exchanges to a hardware wallet like the Ledger Naxo X. Hardware wallets store your private keys offline and make you sign all transactions with a separate device. They can’t be hacked unless you share your secret seed phrase.
Best cryptocurrency apps for trading and investing: Comparison
There are hundreds of cryptocurrency apps to pick from. After careful review and testing and considering multiple factors, the crypto trading apps listed in this article represent the most trustworthy, easy-to-use, secure, and have a reputable track record. Compare the features and fees of these crypto apps side by side to find the best one for you.
The list gives an overview of the best apps on Android and iOS for trading and investing in Bitcoin, Ether, stablecoins, and other cryptocurrencies. To learn more about each provider, visit their website and register a free account.
Coinbase: Best overall and best for beginners
Coinbase gets the top spot for beginners as it offers a safe, simple, and fast mobile interface without compromising on quality or security. With its simplicity, the Coinbase app is a great starting place if you’re just getting into the world of crypto. You can buy, send, and receive cryptocurrencies and easily manage your assets on the go. Once you’ve gotten a better feel of how things work, you can move to Coinbase Pro for lower fees and more advanced trading features.
- Recommended starting place for beginners
- An easy-to-use mobile and web platform
- Best-known and trusted exchange worldwide
- Unbroken security history
- Earn interest through staking
Things to keep in mind
- Customer support can be slow
- Limited number of altcoins
- High fees for debit card deposits
Coinbase is available in 100+ countries and supports a number of payment methods. Those in the US, UK, and EU can fund their account by bank transfer, credit/debit card, or Paypal, to trade between a large number of different digital currencies. Eligible Coinbase customers can also earn free rewards by completing courses and earn up to 7.5% interest annually by staking—locking—supported assets for a defined timeframe.
Coinbase takes extreme security measures by storing up to 97% of customer funds offline in encrypted, geographically separated servers and has never been hacked. If you’re looking for a secure digital exchange and mobile cryptocurrency wallet, Coinbase may be a great fit for you.
eToro: Best for global users and best free demo account
eToro is one largest financial brokerages in the world with over 15 million registered users. It offers an easy-to-use mobile platform for cryptocurrency trading that’s well-suited for beginners due to its simple graphic interface, quick sign-up process, and simple order placement system.
US residents please note: This content is not intended for residents or citizens of the US.
- $100,000 demo trading account
- Supports the top cryptocurrencies
- Social trading experience
- Copytrading feature to automatically copy popular traders
- Easily transfer coins from the trading platform to eToro Wallet
Things to keep in mind
- $5 fee for fiat withdrawals
- Non-USD deposits are subject to a conversion fee
- Fluctuating trading fees with a variable spread
The eToro app is remarkably easy to navigate and offers newcomers a $100,000 virtual trading account to explore cryptocurrency trading risk-free. You can buy all the top cryptocurrencies in the intuitive trading interface, accompanied by a lively social discussion feed for each coin and the ability to copy-trade other traders in real-time through the popular CopyTrader feature.
Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk.
In terms of security, eToro complies with European regulators, the Cyprus Securities Exchange Commission (CySEC), and the UK’s Financial Conduct Authority (FCA). In addition to the trading platform, eToro offers a personal crypto wallet, with multiple security features, including private keys, multi-signature facilities, DDoS protection, and ISO 27001/27032 protocols.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Binance: Best for low fees and best features
Binance is the largest digital currency exchange in the world with the most comprehensive cryptocurrency trading app on the market. It’s full-service, with more features than any other exchange and some of the lowest trading fees around. Binance supports over 500 digital and fiat currency pairs combined and is available in more than 180 countries worldwide, but has a specific entity, Binance US, for US users.
- Largest cryptocurrency exchange in the world
- Low trading fees
- Earn interest through staking and lending
- Available worldwide
- High number of crypto and fiat currencies supported
Things to keep in mind
- Slow customer support
- Number of features can be overwhelming for beginners
It’s fair to say Binance has been a leading innovative force in the crypto sphere as the exchange is always one step ahead of the competition. There’s almost nothing you can’t do at Binance: trade crypto for crypto or crypto for fiat, earn interest by lending or staking, trade futures with leverage, or take out loans. Binance also has its own blockchain, the Binance Smart Chain, which surpassed Ethereum in volume in early 2021, adding to its massive success.
Special offer: Get a 5% lifetime fee discount on all your trades.
Binance is a technology-centric crypto trading app that’s best suited for users with at least some experience. However, Binance has a rich library of educational resources which will quickly let you get up to speed. Both newcomers and experts will enjoy the advanced security features on the platform, which besides two-factor authentication and anti-phishing codes, include YubiKey integration and an internal insurance system.
Kraken: Best for trust
San Francisco-based Kraken is known as one of the most reliable cryptocurrency exchanges due to its high security standards and impeccable track record. It’s among the top five largest exchanges based on volume and primarily appeals to more advanced users, with a plethora of features for active traders including up to 5x leveraged margin trading and the ability to go short.
- Among the largest cryptocurrency exchanges worldwide
- Was never hacked
- Competitive trading fees
- Allows margin trading and short positions
- Earn staking rewards on a number of coins, including ETH2
- Fast customer support
Things to keep in mind
- Interface can be confusing for newcomers to navigate
- Not among the most innovative exchanges
Rather than having one single integrated mobile app, Kraken has three: Kraken, Kraken Pro, and Kraken Futures, each built with different users in mind. While the regular Kraken apps let you buy and sell cryptocurrencies like every other crypto app, Kraken Pro and Futures both offer a professional trading environment, designed for margin traders, with advanced order types and sophisticated charting display features.
Special offer: Earn up to 12% in rewards by staking coins and fiat on Kraken.
It’s safe to say Kraken’s mobile apps are a worthy choice for traders thanks to Kraken’s spotless reputation, security-first mindset, low transaction fees, and advanced order types. In its 10 years of history, the exchange has never been hacked. While it may not best the best option for beginners, Kraken offers everything professionals require to trade on the go.
BlockFi: Best for earning interest
For many investors, immobilising their digital funds in a hardware wallet is the go-to strategy for ultimate safekeeping. But this doesn’t build additional wealth over time. BlockFi is among the many new reliable companies to offer bank-like interest accounts to long-term cryptocurrency holders. By depositing cryptocurrency into BlockFi, you can earn compound interest on your Bitcoin, Ether, stablecoins, and other digital assets, with monthly payouts to your wallet.
- Up to 8.6% interest on crypto holdings
- Back by Coinbase, Winklevoss, and other venture firms
- Regulated and licensed US financial company
- Monthly interest payments
- Free monthly withdrawal
- Up to $250 in BTC sign-up bonus for new users
Things to keep in mind
- BlockFi has custody of your funds
- SEPA and other international bank transfer methods are not supported
BlockFi is backed by $450 million in investments from some of the biggest players in the crypto industry, including Coinbase Ventures, Galaxy Digital, Morgan Creek Capital Management, Valar Ventures, and Winklevoss, and manages assets worth over $15 billion. For storage, BlockFi uses bank-regulated Gemini as its primary custodian, one of the most trusted names in the crypto industry.
Special offer: Get a free sign-up bonus worth up $250 in BTC with our special BlockFi partner link.
Signing up to BlockFi is free, so both beginners and seasoned veterans can test for themselves whether it’s a platform they want to invest with. Interest accrues immediately upon deposit and is paid out at the beginning of each month. BlockFi also offers the option to receive interest in different cryptocurrencies. This means you can easily diversify your portfolio without having to manually rebalance through trading.
What to look for in a crypto trading app
Whether you’re a seasoned crypto veteran or just dipping your toes into the industry, there’s no denying that apps play a significant role in shaping our cryptocurrency experience. At first, we relied on those clunky exchanges with unintuitive interfaces and less than helpful customer service agents. When the market started growing exponentially, new platforms surfaced and gave us shiny new options to choose from.
When researching crypto trading apps today, some of the things you want to look for include:
A large variety of altcoins available for trade
The list of alternative cryptocurrencies (altcoins) continues to grow exponentially. This is excellent news for investors and traders. It allows them to diversify their portfolio and open up a plethora of opportunities to profit from. To get the most out of these apps, we recommend looking for one that offers the broadest possible spectrum of coins.
Follows strict security protocols
One question you always want to be answered before signing up with an app is how safe it actually is. Can your crypto be stolen? Are there any hacking attempts in the recent past? Can you trust this company enough to keep your personal data protected? The answers to these questions can be found in the section or by doing a bit of research about said company.
Always use 2FA security measures
Two-factor authentication (2FA) is a must for any crypto trading app or exchange you plan to use. Your phone number opens the door for possible identity theft and unauthorized access to your funds. We suggest using an alternative email address for these purposes, as it cannot be hacked without a second form of identification – preferably a code that’s sent to your phone via text message or voice call.
Low fees and spreads
Crypto trading apps should have low fees and spreads to ensure profits for both long-term investors and constant traders. Several indexes such as CoinMarketCap are available so people can see average industry rates at all times before ever stepping foot on the platform.
Multiple currency support
For optimum convenience, look for cryptos with multiple currency support that can also be easily accessed by using your fiat currency of choice. This way, you will always have the option to quickly convert one currency into another to make your trades without wasting too much time when making calculations in your head. Ability to withdraw funds rapidly
Some crypto trading apps offer the ability to deposit or withdraw funds almost instantly these days. With cryptocurrencies, transaction speeds are measured in minutes, not days like on many other exchanges. We recommend choosing an app that allows fast deposits and withdrawals, so you’re never caught off guard when sudden price fluctuations leave you with a lot more money than before.
Helpful customer service agents
Customer service is a must for apps, regardless of what industry we’re talking about. When you’re invested in cryptocurrencies and everything they stand for, customer service agents become even more critical than ever before. Most problems that arise when trading cryptos can be attributed to human error. When looking for an app, keep this in mind and make sure you find one with helpful support staff on standby to provide assistance when needed.
Centralised vs. decentralised exchanges
The rise of decentralised exchanges has dealt a hefty blow to centralized cryptocurrency trading apps. Still, their time isn’t over just yet. Centralized services are still the go-to choice for most users, offering more features and options than ever before.
Centralised exchanges – Benefits and drawbacks
Centralised exchanges still dominate the cryptocurrency industry after all these years, despite the rise of decentralised exchanges. These services are often seen as more stable and reliable than their counterparts due to their long track record in terms of security, liquidity, and customer support. They offer a wide range of features, including margin trading, automatic market-making algorithms and stop-limit orders on some platforms.
Centralised exchanges also tend to have higher volume than most decentralised exchanges, so you’re likely to get your trades executed faster with them. Some of them may even allow cryptocurrency derivatives trading which is still prohibited or under heavy regulations when it comes to traditional markets like Forex. Finally, they offer competitive fees for all transactions completed within their ecosystem.
The biggest drawback that centralised exchanges face happens to be their main selling point: security and control. Since many of these services are not decentralized, they need to rely on third parties for certain activities. The use of KYC and AML verification protocols is one example. If the exchange or its security gets compromised, hackers have access to all your personal information which makes you an easy target for identity theft.
Centralised exchanges also offer little to no privacy protection since everything you do can be monitored by them in real-time and without your consent. All your transfers and trades made within the platform will be recorded and saved until the end of time so keep that in mind if privacy is a key issue for you – decentralised platforms offer more anonymity than their centralised counterparts because they don’t claim ownership over any transactions completed through their system.
Decentralised exchanges – Benefits and drawbacks
Decentralised exchanges have taken over a large chunk of the crypto space in recent times, offering privacy that’s hard to find elsewhere.
Perhaps the biggest benefit decentralised exchanges offer is the fact that traders have full control over their private keys, which means users make all the decisions – no one else holds your cryptos or fiat money hostage if you decide to quit using the platform at any point. This feature alone has made them very popular among those who value complete financial freedom above anything else.
Many early adopters of this technology claim that decentralised exchanges will eventually take over the market from centralised ones due to many benefits they offer: better security, transparency and privacy protection to name a few.
The DeFi ecosystem delivers a wide range of privacy-centric services, including:
- Yield farming
- Crypto lending and borrowing
- Non-custodial key control
However, decentralised platforms still suffer from their biggest problem to date: liquidity.
Due to lower volumes and a smaller user base than centralised services, it’s often hard for traders to get the best prices when it comes to filling an order on a decentralised platform. Fees are also much higher due to the lack of scale and competition, which means you’ll end up paying more for your trades compared to what you would on a centralised exchange.
Since not all apps offer the same features, you should choose the one that best suits your needs to best. Some apps offer reams of functions and coins that might be over the edge if you’re just looking to buy and hold, while others may be too limited if you’re trading the markets actively.
Coinbase has the best overall crypto trading app because it offers a user-friendly interface, best security, features, global access, and best rewards. Etoro is best for international users because it has the best variety of trading options, staking options, and multiple asset classes available. Binance is best for low fees and altcoins because of the best combination of available coins. Kraken is best for trusted transactions because it has the best transparency, best security features, and best history. BlockFi provides the best interest rates on crypto and stable coin deposits, making it the best for earning interest. Finally, Bybit offers the best bonuses to active traders who place trades with them.
The best cryptocurrency apps for Android and iOS
Coinbase, Etoro, Binance, and BlockFi are all available on Android mobile and tablet devices. But there are many apps to choose from depending on what you need. Be careful not to download a scam app that is pretending to be a legitimate provider. The Apple App Store tends to be more secure and does a better job keeping unsafe apps at bay. At the same time, Android Play, unfortunately, has a history of not catching the bad players.
Trading vs. investing in crypto – what’s better?
There are typically two ways to interact with cryptocurrency exchanges: trading and investing. Trading refers to active buying, selling, or daily trades of cryptocurrencies for a profit or cash. Investing in cryptocurrency typically refers to holding the underlying asset – currently bitcoin, other coins and tokens, and expected future appreciation. Trading is considered riskier while investing in cryptocurrency is a more conservative strategy. Both styles can be profitable, but both also carry risks.
Why trust this list
I’ve been writing about investing—including cryptocurrencies, stock brokers, and real estate—for years, which has given me an insight into how the decentralized financial system works, and I’ve been using cryptocurrency exchanges for nearly as long. Over the years, I’ve done an in-depth analysis of numerous platforms to find the best sites, and I’ve observed enough market crashes and black swan events to see which ones are the safest in the long run.
To get the best understanding of the highlights and drawbacks of various cryptocurrency apps, I’ve trawled through articles, reviews, and online forums, comparing their trustworthiness, fees, security, transparency, and unique features. I keep notes on all major centralized and central exchanges and try my best to keep this guide updated at all times with all of the largest developments.
The following steps were taken to research the company behind each app to find out as much as possible about them:
- Evaluating legitimacy based on: (1) publicity and interviews in the press and established media channels; (2) checking national company registries to verify the company’s existence; (3) run through their Careers section to see if they’re employing people and expanding; (4) conducting a generic internet search to gain insights into their history.
- Searching for compliance status and money/banking licenses with relevant national financial authorities. For US-domiciled exchanges, the NY DFS, FINRA, SEC, SIPC, FINCEN, BROKERCHECK; for UK-domiciled, the FCA.
- Searching for and evaluating the truth of online reviews (see the “online reviews” section)
- Reviewing the company’s security features and protocols
- Doing an online search for complaints about users not being able to withdraw funds.
- Downloading the mobile application for Android and iOS and opening an individual account (corporate accounts were not checked)
- Speaking with the company representatives or attempting to do so
- Submitting fictional test support tickets to determinate response times
- Depositing and withdrawing funds
How these crypto apps were picked
There are hundreds of apps for trading cryptocurrencies available. To narrow down the list, only the most established and reputable ones were included, based on the amount of years in the industry, number of verified downloads, publicity of their founders on cryptocurrency news sites, number of tradable coins, daily trading volume stats from Coinmarketcap, and Coingecko.
We also looked at apps from cryptocurrency exchanges that had a clear question-and-answer section, in-depth educational resources, clear risk warnings, and easy-to-understand fee structures. All this research was combined with noncommercial reviews from private users on Twitter, Reddit, Google Play, and the App Store, while testimonials from Trustpilot were largely ignored due to unreliability.
What is the best crypto trading app?
Here is a summary of the best crypto trading apps by categories:
What is the best crypto app for beginners?
The best crypto apps for beginners are Coinbase and eToro. Between the two exchanges, Coinbase has the easiest crypto mobile app due to its simple and intuitive user interface. Meanwhile, eToro offers a more comprehensive investment experience with support for social and copy trading and multiple asset classes. Both offer a digital wallet for mobile with multiple tools and trade types.
What app has the most cryptocurrencies?
Binance has the app with the most cryptocurrencies available for trading. For Binance.com users, there are more than 150 coins to pick from. Aside from the most popular coins, Binance features a long list of altcoins (what some, in fairness, would call shitcoins). Binance also accepts a wide variety of traditional currencies such as US Dollars, Euros, Pound Sterling, and other fiat currencies.
Which crypto app has the best sign-up bonus?
The crypto app with the best sign-up bonuses is BlockFi. New users can get a free BTC up worth to $250 bonus when opening an account with our partner link. For long-term bonuses, Binance is best and offers a 5% fee discount to users who register with this link.
1. Coinnmarketcap: https://coinmarketcap.com/rankings/exchanges/
2. CoinGecko: https://www.coingecko.com/en/exchanges
3. Reddit: https://www.reddit.com/r/CryptoCurrency/