While cryptocurrency can be intimidating, these apps can simplify the process. Since the number of people investing in cryptocurrencies has grown, there has been an explosion of apps.
There are also thousands of different cryptocurrency software programs and trading apps available, making choosing the best one difficult.
We’ve put together a list of the 10 best cryptocurrency apps for beginner traders, along with a few reasons to check them out.
Gemini
The reliability of Gemini has earned it the trust of new traders across the globe. Gemini supports a wide range of cryptocurrencies. In addition to its trading platform, Gemini offers other features.
Gemini was established in 2014 and now ranks among the United States’ best-established crypto exchanges thanks to its security. As one of the few fully regulated exchanges in the US, the platform has never been hacked.
CoinBase
Coinbase is one of the most popular cryptocurrency apps. Coinbase lets users trade many different cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, BAT, USDT, and ZRX.
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78% of retail investor accounts lose money 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.
Trading forex or CFDs on margin involves a high degree of risk and may not be suitable for all investors. There is a possibility that you may suffer a loss equal to or greater than your entire investment.
CFDs are complex instruments and involve a high risk of losing money quickly because of the leverage effect. 68% of retail investor accounts lose money 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.
New crypto traders can benefit from Coinbase’s mobile app due to its ease of use. Beginners will appreciate the friendly user interface. Through your dashboard, you can manage all your trades and earn rewards.
eToro
It is easy to trade cryptocurrencies on eToro, but it focuses more on short-term trading than long-term trading. To make better decisions, eToro provides its most successful online traders (other users) with valuable strategic data.
The platform offers 0% commission, so it is more attractive than competitors who charge fees. Similar to other platforms, you will not own any cryptocurrency until you cash out.
BlockFi
BlockFi is an alternative to savings accounts that earn the least interest possible. You can earn interest on your crypto holdings up to 3%-7.5%, according to the platform.
Earning interest in BlockFi does not require the creation of a new portfolio. You can still earn as much as 4% interest on your holdings using your existing portfolio. The most lucrative way to invest in BlockFi is to purchase stablecoins, which can yield interest in the range of 7.5%.
WeBull
With WeBull, you can also invest in stocks, options, and margins in addition to cryptocurrencies. WeBull has a slick mobile app that makes trading fast and easy for beginners.
WeBull’s only flaw is its lack of market news that’d help new traders get their feet in trading and learn more about their options. Despite the lack of news content, the site makes up for it with its features and usability.
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Blockchain.com
Blockchain is one of the most widely used cryptocurrency applications created for beginners. Blockchain facilitates the storage, buying, selling, and managing of bitcoins and altcoins and supports a wide variety of cryptocurrencies.
In the app, you can convert crypto to crypto and transact with coins. When you open a savings account with a blockchain digital wallet, you can earn up to 12% interest.
Voyager
Voyager is another cryptocurrency trading app that has support for more than 60 cryptocurrencies. Getting started on this app is only $10, which makes it a great choice for beginners.
A unique aspect of Voyager is that you are not in control of your trading. This means you aren’t privy to the details of your trades. As a result, the platform invests on your behalf and passes the profits along to you, without a commission. Voyager is similar to a crypto-Robo-account, investing funds as it deems appropriate.
Delta
Delta is an app for beginners that offers a comprehensive cryptocurrency experience. The platform supports more than 7,000 different cryptocurrencies, giving you an abundance of options to trade.
You can access the app’s data from anywhere since it syncs across multiple devices. Additionally, you get a history of the trades and investments you’ve made, as well as asset history and asset location.
Exodus
Exodus provides one of the best crypto wallets in the market. It is simple and secure for those without experience in Bitcoin and other cryptocurrencies. More than 125 cryptocurrencies are supported, making it a reliable option for storing coins, although trading fees can be a little high.
Using Exodus is not only secure, but you can also buy and sell digital coins directly from the wallet. With all the built-in features, even beginners will feel at ease.
Blockfolio
Among cryptocurrency portfolio trackers, Blockfolio is perhaps the best. It supports over 10,000 different cryptocurrencies as well as 500 different exchanges. With Blockfolio, you can track cryptocurrency if you trade it.
It allows you to automate the exchange process by synchronizing your exchanges. It provides the latest information on prices, markets, trends, and news. Best of all, Blockfolio is 100% free to use.
Conclusion on Best 10 CryptoCurrency Apps
The apps on this list will assist you even if you’re not familiar with cryptocurrencies and also help you buy and sell tokens, manage your portfolio, and keep your investments safe. Take a minute to consider what you’d like to accomplish, and find the app that is most appropriate for your needs.
