In today’s market, people have plenty of choices of apps to invest in cryptocurrency. Most people consider trading cryptocurrency as a way of earning passive income, while others consider it as an alternative investment to other traditional forms of investments.
Speculative crypto traders are increasing by number daily, given the popularity of crypto, with Bitcoin skyrocketing to above $63,000 in April 2021. Most people trade cryptocurrencies on mobile apps, but desktop apps are also popular for advanced crypto traders.
Therefore, it is crucial to what cryptocurrency trading apps you should consider to maximize your profit. Take time to read this article for it will show you what best app for crypto investing is worth using based on its features, advantages, and disadvantages as a cryptocurrency trading app.
How To Trade in Cryptocurrency Apps
The following steps are the common procedures that most crypto-investing apps are doing:
Research for the Best Crypto and Stock App You Prefer
When choosing a cryptocurrency app, consider the various features offered, such as the ability to deposit both fiat and cryptocurrencies, the speed of deposits, options for peer-to-peer trading, fees, and commissions, the availability of an order book, support for various payment methods, and the level of verification required.
You must select the app that best suits your needs and create a wallet. Make sure to choose a good one!
Deposit Your Cash
Ensure that the app you choose supports your preferred method of depositing fiat currency. The top crypto-buying apps enable instant deposits or have a clear timeline for deposit processing. Some deposit methods are automated, while others may take several days.
Place Your Orders
Cryptocurrency applications allow people to trade assets with each other on a peer-to-peer basis. You can pinpoint a trading partner, accept their market orders, or put in maker orders they can accept. The best crypto trading apps would also enable you to place maker orders to benefit from lower transaction fees.
Trade and Earn Profits
Once the cryptocurrency is purchased, it is transferred to your personal digital wallet, where you can choose to withdraw, save, stake, trade, or send it to another individual. The top apps for trading cryptocurrency also offer additional investment options.
15 Free Best Apps to Invest in Cryptocurrency
The following crypto-investing apps are based on their best features, making them ideal for investing in crypto.
3Commas
3commas is suitable for traders looking to automate their trading process, as it offers 21 different bots for cryptocurrency trading and portfolio rebalancing. These bots can be tailored to align with the trader’s specific trading strategy and investment objectives.
Some Bots of 3Commas
- Grid bots: highly effective during bear markets when many coins experience sideways price movements.
- Dollar Cost Averaging bots: excels at generating profits in volatile markets, regardless of whether the market is trending up or down.
- Options bots: these bots enable traders to implement advanced trading techniques, but new users should exercise caution when using them.
- HODL bots: they enable users to gradually accumulate long positions through regular buying.
The bots available on 3commas can be utilized on 18 cryptocurrency exchanges, including those with high trading volume. The platform is accessible for traders of all skill levels, with a free plan option for beginners.
3Commas’ Features
- Check out your bots before using them for real trading
- 3Commas SmartTrade lets you control all your exchange activity and make trades with extra features not available on the exchange itself
- Keep track of your portfolio with detailed management
- With TradingView integration, you can use a bunch of indicators and signals to create trading strategies for crypto
- Pick from exchange-specific bots to trade using strategies like long, short, composite, and QFL
- No need to wait. Just start using ready-to-use strategies
- Paper trading,
- SmartCover for super volatile crypto.
Price:
3Commas offers a free plan with access to 3 bot types and paid Starter, Advanced, and Pro plans at $14.5, $24.5, and $49.5 per month, each with access to more bot types and advanced features.
Uphold
The Uphold crypto trading app allows users to easily trade over 200 cryptocurrencies through a web interface or mobile app for iOS and Android. It is accessible in over 150 countries and is a great option for diversifying investments by accessing legacy assets and crypto.
The platform enables easy conversion between assets and charges no deposit fees, with trading fees in the form of spreads of under 2% depending on the crypto.
Uphold’s Features
- Uphold supports the placement of instant market orders and limit orders;
- Users can instantly purchase crypto without additional fees (excluding bank charges) using credit/debit cards and bank accounts;
- The platform offers products for individuals and businesses/developers/affiliates, allowing companies and developers to utilize custodial and API trading tools;
- The platform is registered with FinCEN, FCA, and the Bank of Lithuania;
- Staking;
- Auto trading
Trading Fees
Uphold charges a spread of between 0.8% to 1.2% for trading BTC and ETH in the US and Europe and generally 1.8% for other parts. Withdrawals to a bank account have a fee of $3.99. Fees for using the API may vary.
Pionex
Pionex is a cross-platform app that offers seamless auto-trading and is one of the best sites to invest in crypto. With 16 free in-built trading bots. It is known for being one of the safest cryptocurrency apps available and aggregates liquidity from platforms such as Binance and Huobi.
Pionex is also a large broker on Binance and a market maker on Huobi. It holds a respected MSB license from FinCEN. Additionally, it has low trading fees compared to other exchanges.
Pionex’s Features
- Free 16 bots to use;
- All transactions have low fees;
- User-friendly for mobile app interface;
- Outstanding email and live chat support.
Bitstamp
Bitstamp, established in 2011, offers a web-based platform and mobile apps for iOS and Android trading 50+ crypto assets, including Bitcoin and Ethereum.
The app is useful for beginners and advanced traders and allows for crypto buying with various methods, such as credit and debit cards, bank transfers, and more. Users can also withdraw crypto to bank accounts and send crypto by scanning a QR code.
Bitstamp’s Features
- Utilize charting to improve your trading by tracking the history of your crypto trades and monitoring the value of your portfolio;
- The Tradeview feature provides detailed charts and tools. Browse assets by sorting them according to their performance, popularity, and listing time on the exchange;
- The exchange platform is advanced and allows you to place multiple types of orders;
- The web and mobile wallets offer multi-sig security, ensuring that your crypto is safe, offline or in transit;
- The app can be remotely disabled if the device is lost;
- The app does not offer leverage trading, unlike other cryptocurrency trading apps.
Trading Fees
The trading fee ranges from 0.50% for a trading volume less than $10,000 to 0% for a trading volume greater than $20 million. Staking rewards are subject to a 15% fee.
NAGA
The NAGA trading platform offers a unique feature called auto copy trading, which allows users to replicate the strategies of successful traders without having to develop their own. The platform provides access to leaderboards that showcase traders’ profits, organized by day, week, month, and all-time.
Additionally, NAGA offers high trading leverage of up to 1,000x, higher than many other trading brokers. The platform supports trading in over 40 cryptocurrencies, including popular options like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
Users can save 50% on trading fees when using the NAGA Coin (NGC) and easily send, receive, and hold crypto from their smartphones.
Naga’s Features
- iOS and Android app availability;
- trading leverage up to 1,000x;
- Trading volume has no limit;
- Deposit funds using credit cards, bank transfers, and online payment platforms such as Skrill, Sofort, and Neteller.
Trading Fees
- Spreads of just 0.1 pips;
- $5 withdrawal fees;
- The 3-month-inactivity fee is $20;
- Rollover, swap fees, and other fees may apply.
Gemini
Gemini is one of the best apps for stocks and crypto. This cryptocurrency exchange is FDIC-approved for USD transactions and regulated by the New York State Department of Financial Services. It allows users to trade over 100 cryptocurrencies and is a custodian for institutions and large crypto groups.
The platform also offers Gemini Earn, which allows users to earn interest on their crypto savings of up to 7%. The exchange also has its own stablecoin, the Gemini Dollar, pegged to USD reserves at a 1:1 ratio.
Gemini’s Features
- iOS, Android, and web app availability.
- With Gemini Pay, US users can easily spend their cryptocurrencies at more than one store. This effortless payment solution is now available via Flexa as well.
- Crypto holders can now fund their wallets and accounts by using a bank account. There is currently no support for debit or credit cards. However, a soon-to-be-launched Visa card will enable people to utilize crypto in multiple outlets and ATMs.
- The maximum amount that can be funded daily is $500, and the monthly limit is set at $15,000.
- You can withdraw up to $100,000.
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Nifty Marketplace allows you to purchase & trade digital art & collectibles online.
Trading Fees
Transactions through the crypto app are charged a fee between $0.99 & 1.49%. Fortunately, using the app itself won’t cost you anything.
Crypto.com
Crypto.com is a web and mobile-based trading platform that supports buying, selling, and trading over 50 cryptocurrencies. It offers a credit card feature that allows users to spend crypto easily and convert it to cash.
The platform also supports instant buying with debit or credit cards, crypto swapping, and in-app derivatives trading with leverage up to 10x. It also allows users to pay and receive payments for goods and services using crypto.
Crypto.com’s Features
- 250 cryptos are supported.
- Increase your crypto portfolio with up to 14.5% returns!
- DeFi and NFT support.
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Spot and derivatives markets offer advanced order trading capabilities, providing traders with enhanced trading options. This makes it easier and more efficient to complete transactions with greater accuracy.
Trading Fees
Depending on your trading volume, the fee structure for trading can range from 0.4% (Level 1 – Up to $25,000) to 0.04% (makers) and 0.1% (takers) for Level 9 ($200,000,001 and up). Regardless of your trading level, you can benefit from competitive fees that give you more value for money.
Binance
Binance is a popular cryptocurrency trading app that offers basic features such as sending and receiving, staking, and investing. It offers a free version as well as paid Pro and Binance Lite options. The platform is known for its high liquidity and adheres to US trade regulations.
Binance’s Features
- Crypto-to-Crypto trading pairs have been made available for a wide selection of over 500 cryptocurrencies and tokens.
- Simplex and other third-party platforms offer the option to pay with credit cards or wire transfers.
- Paying for gas with the BNB platform token comes with reduced fees, helping you save a significant amount of money.
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Crypto-to-crypto trades between peers are supported, as well as crypto for fiat trades using numerous payment methods. Both options offer a convenient way to buy and sell cryptocurrency.
Trading Fees
When it comes to fees, you can expect 0.02% to 0.10% purchase & trading fees, 3% to 4.5% for debit card purchases, and SEPA transfer is completely free. There is a fixed fee of $15 per transaction for US wire transfers.
Bybit
Bybit is a smart and intuitive cryptocurrency trading platform that provides real-time market data, competitive market depth, and liquidity. The platform has a mobile app available for iOS and Android devices. It also offers maximum protection for assets through offline storage and 24×7 multilingual support.
Bybit’s Features
- Bybit’s spot trading product offers the best rates for buying and selling crypto with reliable market liquidity. You can get the most out of your trades through fair & competitive market conditions.
- The platform is suitable for traders of all levels, from beginner to experienced.
- Our platform is regularly updated with new assets and products to provide you with the best trading experience possible. We strive to keep up-to-date with the latest innovations and technological advancements to stay ahead of the competition.
- This platform provides support for 59 major fiat currencies.
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The platform accepts payment through various methods, including Visa/MasterCard credit, debit cards, and cash deposits.
Trading Fees
Derivatives Trading fees are available in the image below. As for Spot Trading, both maker and taker fee rates are 0% and 0.1%, respectively, for all spot trading pairs.
CoinSmart
CoinSmart is a platform that allows users to buy and trade less than 20 cryptocurrencies using credit cards, SEPA, wire transfers, e-transfers, and direct crypto deposits.
It does not have a derivatives market but offers limited advanced orders (limit and stop-loss orders), which is suitable for buying crypto with fiat and swapping cryptos with each other.
CoinSmart’s Features
- Guaranteed same-day deposits.
- Trade your crypto for fiat money and receive the funds straight to your bank account on the same day! Quickly convert BTC to fiat with ease now!
- Keeping track of your portfolio and trading activity can be done in full when you use a custodian wallet.
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You can use your credit/debit card to make purchases up to $5,000. Bank drafts are accepted for transactions between $500 & $5000, while bank wire works best for purchases above $10,000 and up to a maximum of $5 million. Interac e-Transfer allows you to pay from as low as $100 and up to a maximum of $3000.
Trading Fees
Trading fees can range from 0.20%-0.40% depending on the transaction you’re performing. Exchanging crypto with Canadian Dollars or Bitcoin is only subject to the lower rate of 0.20%. However, credit card deposits come up to 6%, e-Transfer is 1.5%, and bank wire or draft incur no fee!
Coinmama
Coinmama is another platform that offers a variety of payment methods for buying cryptos, such as bank transfers, VISA, SEPA, MasterCard, Apple Pay, Google Pay, and Skrill. It does not have a mobile app and is only available on the website, but it supports selling crypto for fiat via bank accounts with Bitcoin only.
Coinmama’s Features
- You can make purchases for up to $5,000 with your credit card every day. However, if you choose to use a bank account, you can spend up to $15,000 daily.
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Offers the ability to make 5 or 10 trades daily, respectively.
Trading Fees
Trading fees are incredibly reasonable and vary depending on the payment method. For SEPA transfers and SWIFT payments exceeding $1000, charges are zero – 20 GBP otherwise. There’s also no cost for Faster Payments in the UK and a mere $4.99% fee for credit/debit card transactions.
Kraken
Kraken is one of the oldest and most reliable exchanges for fiat-to-cryptocurrency trading. Established in 2011, Kraken has earned a reputation for security and trustworthiness, making it a popular choice for individuals and institutions.
With its user-friendly interface, competitive fees, and high liquidity, Kraken provides an efficient platform to trade digital assets quickly and securely.
Kraken’s Features
- Exchange of USD, Euro, Canadian Dollar, and GBP into crypto;
- Accounts are secured with 2FA, Global Settings Lock, and Master Key;
- Android and iOS, as well as web app availability.
Cash App
Square, Inc.’s Cash App is a peer-to-peer app that enables users to transact, send, receive, bank, and invest in cryptocurrencies. It has gained popularity with over 36 million users and is known for being a secure cryptocurrency app. It is also ranked as the number one finance app in the iOS category.
The app has a sending limit of $1,000 within 30 days, but users can increase the limits by providing additional information such as social security number, name, birthday, and other details after verification. This means that users need to budget their spending within these limits.
Cash App’s Features
- Direct deposits
- No fees from the app or bank account
- iOS and Android supported
Trading Fees
3% fee for sending from credit cards, and free to send from an app or bank.
Bisq
Bisq is a decentralized cryptocurrency exchange that enables people from any country to buy, sell, send, and receive crypto in a peer-to-peer fashion. It does not require users to submit personal information for trading, making it a preferred choice for those who value privacy.
However, one of the downsides of Bisq is its low trading volume and slow speed. Additionally, it does not accept credit card transactions as payment.
Bisq’s Features
- Users can purchase cryptocurrency on the service by depositing fiat currency from banks through AliPay, OK Pay, Zele, and Perfect Money or by using cryptocurrency as a deposit.
- No credit card is allowed.
- No fee for crypto deposits.
- Android and iOS app availability.
Trading Fees
Fees depend on the trading volume and the specific cryptocurrency being traded, with a rate of 0.1% for makers and 0.3% for takers. The minimum trade amount is 0.00005 BTC.
Coinbase
Coinbase is one best apps to purchase crypto and is a widely used cryptocurrency platform in the United States, particularly popular among large institutions for its custody and institutional staking features. It offers a legal trading platform with various features such as staking, investing, trading, sending, and receiving.
However, it has high fees and is a centralized exchange, which means users don’t have control over their private keys. Despite this, some users choose Coinbase for its high liquidity, which protects investors and traders from price slippage in the volatile market.
Coinbase’s Features
- Over 100 crypto and tokens are supported.
- There are no limits for depositing cryptocurrency and wire USD deposits, but limits for ACH or SEPA deposits may vary.
- Android, iOS, and web app availability.
- No limits for crypto deposits and wire USD deposits. ACH or SEPA limits vary.
- The platform offers a free version and a Pro version with a fee.
Trading Fees
Fees vary depending on the transaction amount, with a fee of $0.99 for transactions of $10 or less and $2.99 for transactions of $200 or less. Using a Coinbase Card incurs a flat fee of 2.49%, credit transactions have a fee of 2%, crypto conversions have a fee of up to 2%, debit cards have a fee of up to 3.99% and PayPal has a fee of up to 1%.
Choose Your Best App to Invest in Crypto
Investing in crypto can be a great way to diversify your portfolio and make a good return on your investment. The 15 apps mentioned in this article are all great options for those looking to dip their toes into the world of crypto. Not only are they all free to use, but they also offer a variety of features to suit different types of investors.
So, if you’re looking to invest in cryptocurrency but don’t know where to start, give one of these apps a try. They may just be the key to unlocking the potential of this exciting and rapidly growing market.
