As a crypto newbie or expert, there are a handful of apps that can simplify your crypto user experience and even add value to your portfolio.
From lending platforms to exchanges and portfolio managers to hot wallets, there are a bundle of apps that every trader should have on their home screen.
Get started with our review of the best cryptocurrency apps.
Best Cryptocurrency Apps:
Best Exchange for Global Users: eToro
Best Exchange for Simplicity: Gemini
Best Exchange for Beginners: Coinbase
Best Exchange for Mobile Only: Voyager
Best Portfolio Tracker for Privacy: Crypto Pro
Best for All-in-One Software: BlockFi
Best Sign Up Bonus: Crypto.com
Best Crypto Profit Tracker: Delta
Best Rewards: Wirex
Best for High-Frequency Traders: ACCOINTING.com
Types of Crypto Apps?
There are a handful of tools that can simplify the life of a crypto trader or investor. The major categories that we’ll cover in this guide are exchanges, wallets and portfolio trackers. If you’re completely new to crypto, and are not familiar with these terms the video below will get you ready for the rest of the article.
By far the most popular type of cryptocurrency app, exchanges allow you to buy and sell cryptocurrencies using USD, BTC, ETH and many other currencies. You can connect your bank account through ACH, or use a credit or debit card to buy crypto on most exchanges. Here are a list of the best cryptocurrency exchanges, which are available to all US customers.
Note that as a US resident, you’ll have to comply with SEC know-your-customer (KYC) guidelines which will require identiy verification before you can start trading. This if for tax tracking purposes
A crypto wallet stores the private key needed to unlock funds from your wallet address on the blockchain. Most expert traders don’t recommend holding your coins in an exchange if you don’t plan on using them for day trading, so best practice would be having a hardware wallet, like the Ledger Nano X or the Trezor T for long term security, and a hot wallet like metaMask or Coinbase Wallet to store funds allocated to trading.
To check the balance of your funds stored on the hardware wallet, a crypto portfolio tracker can satisfy cravings to check your crypto net work, but we’ll get to that later.
For now, you’ll want to set yourself up with a wallet that you manage, not the exchange.
Funds kept in an exchange wallet are more vulnerable to hacks, and the exchanges often do not provide you with your own private key – meaning the funds are not truly yours in the case of an emergency.
A cryptocurrency tracker is a type of app that shows your real-time information on cryptocurrency prices. Any exchange will feature this information but having an individual tracker app can also be beneficial.
For example, if you prefer to store your crypto in a hard exterior wallet but you still want to keep up with price movements throughout the day, choosing a simple tracker app is less complicated than signing up for an exchange.
Crypto lending often seems too good to be true.
With annual yields in the 5-10% range on popular cryptocurrencies and stablecoins, you’ll probably be asking: “what’s the catch”? But, when you consider the costs associated with operating centralized banks, higher returns on decentralized crypto lending make sense.
This was not possible without the blockchain, but thanks to smart contracts loans can be automated with no credit checks required.
There is of course collateralization required, but this could be a way for you to keep your underlying crypto assets and get some quick cash, or lend your crypto and earn a high yield payed in your favorite token.
What to Look for in a Cryptocurrency App
No matter which type of cryptocurrency app you need, there are a few things you should look for when you compare all of your options.
Bitcoin and other cryptocurrency transactions are very difficult to trace. Once you initiate a transaction between wallets, it’s virtually impossible to cancel or get your money back. Due to the decentralized nature of the blockchain, it’s also almost impossible to tell who owns which wallet.
An unauthorized transaction from your exchange could have gone down the street or all the way to Australia — there’s no way to tell exactly who’s responsible. This makes cryptocurrency the perfect market for criminals, hackers and scammers. Before you download any exchange or wallet app, review the company’s safety features. Look for 2-factor authentication and back-end encryption to keep your coins as safe as possible.
Cryptocurrency markets are always moving. It’s possible to go to sleep and see a single coin skyrocket by 25% — or lose half of its value.
Keeping your finger on the pulse of the cryptocurrency market means up-to-date, minute-by-minute information because crypto data becomes obsolete much faster than information on stocks or fiat currencies.
Whether you want a comprehensive cryptocurrency trading platform or a simple tracker that lets you know how your favorite coins are doing, look for real-time data and information. This ensures that you’re not using outdated information to inform your trading and investing decisions.
Other Great Crypto Apps
Best for Mobile Only: Voyager
Who’s it for? Intermediate traders who want to complete more trades and explore the cryptocurrency frontiers beyond Bitcoin and Ethereum.
Price: Free — Get a free $25 bitcoin credit for signing up
Want to start getting serious with your cryptocurrency investments? You need a comprehensive exchange app that allows you to view charts and buy more than the largest coins on the market.
Voyager is a safe and secure exchange that features a number of unique charting tools, commission-free exchanges and access to more coins than most beginning exchange apps.
A combination app that includes exchange capabilities, a solid and secure wallet and even a market newsfeed, Voyager includes a full set of tools that any serious cryptocurrency investor needs that also includes the simplicity of a more beginner app.
Best Sign Up Bonus: Crypto.com
Crypto.com offers not only an app, but its own Crypto Pay, Crypto Earn, Crypto Credit and the Crypto.com Exchange and DeFi Wallet. Crypto.com wants to accelerate the world’s transition to cryptocurrency, and its wide range of products can help you start your own process.
It recently partnered with Visa to offer its Crypto.com Visa Card, so you can spend your crypto anywhere Visa is accepted and earn up to 8% back. You verified in less than 5 minutes, and it’s free to open an account. The platform offers 24/7 customer support.
Best for High-Frequency Traders: ACCOINTING.com
With over 300 exchanges and blockchains supported and more than 7500 tokens available for tracking, ACCOINTING.com is the ultimate crypto portfolio tracker, regardless of your level of experience. Whether you’re a hobbyist or a high-frequency trader, we provide you with all the features you need:
Portfolio overview: Review the worth of your entire Bitcoin and altcoins portfolio from the palm of your hands, understand how is it distributed and compare yourself to over 55,000 app users
Wallets: With support for over 36 exchanges via API and 72 wallets, the app allows you to keep your information automatically synched all the time. You can also add your personal purchases at any time on the go.
Market: Deep-dive on the stats of the current market or your favorite token’s performance like PNL and average buys price. Add tokens to your personal watchlist. Compare the different crypto industry sectors like NFTs and DeFi with our ACCOINTING.com Lists.
Alerts: Set up alerts for your tokens’ price and decide when to buy or sell your crypto assets. Get a sense of the market with our bullish/bearish sentiment index.
ACCOINTING.com also allows you to set up your tracker on “incognito” mode where people can see your portfolio performance but only with percentage values and not actual currency numbers. Allows you to freely share information without revealing much detail. The ACCOINTING.com app is absolutely free and is available on Android and iOS.
Get Started in Crypto
It’s never been easier to get started investing in cryptocurrency. Cryptocurrencies are the new frontier of finance, but it’s important to remember that the realm of cryptocurrency is also very volatile. Many cryptocurrencies are decentralized by nature, giving them a shot at becoming a true “people’s currency”.
Remember to only invest what you’re prepared to lose and diversify your portfolio if you’re planning to buy and sell cryptocurrency. Want to learn more about crypto trading? Check out Benzinga’s guides to the best crypto exchanges, the best bitcoin wallets and how to file cryptocurrency taxes.
Gemini builds crypto products to help you buy, sell, and store your bitcoin and cryptocurrency. You can buy bitcoin and crypto instantly and access all the tools you need to understand the crypto market and start investing, all through one clear, attractive interface.
Gemini Crypto Platform offers excellent account management options. You can manage your account at a glance, view your account balance 24-hour changes and percent changes. Get started with Gemini now.
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