The Best Free Crypto Apps
As Bitcoin, Ethereum, and other digital currencies have exploded in popularity, numerous crypto exchanges have arrived on the scene. Although advanced users may prefer to use a hardware wallet, the rest of us rely on crypto trading apps. To help you make the most of your crypto trading experience, here’s our guide to the best crypto apps, including the best free crypto apps.
Crypto isn’t for everyone. Digital currencies remain a relatively new, volatile, and unregulated investment product, and even expert traders run the risk of loss of principal. Before diving into the crypto space, take advantage of educational resources on cryptocurrency and other digital assets. And remember, in this article, we’re reviewing cryptocurrency trading apps, not providing investment advice.
What Is a Crypto App?
A crypto app is a platform for buying and selling different types of cryptocurrency, such as Bitcoin, Ethereum, and Cardano. You can also exchange digital currencies by trading one crypto for another. For example, you can convert Ethereum to Bitcoin or buy crypto with fiat currency using your debit card. In some cases, you may have to pay a transaction fee or other trading fees for your cryptocurrency transactions.
Why Do People Use Crypto Apps?
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People use crypto apps to access the crypto market and invest in cryptocurrency. Currently, only six percent of Americans have used or owned cryptocurrencies, but this number is increasing rapidly as crypto assets rise in popularity.
How the Best Crypto Apps Can Help You Trade Cryptocurrencies
The best apps for cryptocurrency trading not only allow you to participate in cryptocurrency markets. They also offer high levels of security, usability, functionality, and competitive rates. They tend to have excellent customer service, and they provide access to real-time market data and a wide range of advanced order types.
Security
Investor protection is paramount for any cryptocurrency trading platform. Without excellent cybersecurity ratings, few users would feel comfortable using crypto exchanges. Some common security measures include two-factor authentication, timed logout, a client-side private key, and denial of repeated payments.
Usability
Usability is another important concern for cryptocurrency trading apps. Apps like Coinbase have an attractive, intuitive user interface and aren’t intimidating to newcomers or beginner traders. Meanwhile, more advanced users seeking additional features may prefer Coinbase Pro.
Functionality
Users appreciate it when their apps have transaction categories so they can keep track of their expenses. The smart QR scanner found in many crypto apps is also a feature that users like. Many apps allow users to easily trade between cryptocurrencies and fiat currencies, giving them more control over their virtual assets.
The 10 Best Crypto Apps: Overview
| App | Availability | Notable Features | Cost |
|---|---|---|---|
| Binance | iOS, Android | High security, huge crypto collection, low trading fees | Free |
| BlockFi | iOS, Android | US-regulated, no commissions or fees, high interest rate | Free |
| Blockfolio (FTX) | iOS, Android | Complete personalization, can sync with more than 500 exchanges | Free |
| Coinbase | iOS, Android | Easy to use, educational resources, strong security measures | Free |
| eToro | iOS, Android | Multi-asset platform, social trading, learning from experienced traders | Free |
| Gemini | iOS, Android | Simple interface for beginners, peer-to-peer trading, strong security | Free |
| Hodlnaut | iOS, Android | No deposit fees, good interest rate | Free |
| Kraken | iOS, Android | High level of security, multiple funding options, 24-hour customer service | Free |
| Pionex | iOS, Android | Built-in trading bots, low trading commissions | Free |
| Voyager | iOS, Android | Commission-free trading, solid interest rates, easy to use | Free |
The Best Free Crypto Apps
There are many, many apps that you can use for crypto trading and managing crypto assets. The information below can help you decide which app best suits your financial investment needs. Aside from the app store rating, you should consider payment options and the selection of cryptocurrencies when deciding between cryptocurrency apps.
Binance
- Best Feature: Fast transaction time
- Biggest Downside: Not available in all 50 states
Binance provides access to many altcoins, such as Neo and Cardano. It can be a bit complicated to use compared to some other cryptocurrency apps, but it is one of the most dependable trading platforms. Note that the US version of the app supports fewer cryptocurrencies than the international version.
BlockFi
- Best Feature: High interest on deposits
- Biggest Downside: Limited free withdrawals
BlockFi is a platform that allows you to lend and then earn interest on your virtual assets. You can also stake your holdings instead of selling your crypto assets. If you use cryptocurrency as a long-term investment, BlockFi will yield considerable interest. This platform offers you a bonus of up to $250 when you deposit at least $25 and maintain it in your account for a specified period. The major drawback of this app is that only a limited amount of withdrawals are free.
Blockfolio (FTX)
- Best Feature: Advanced trading options
- Biggest Downside: Limited support options
This app tracks crypto and offers real-time data, making it easy for users to manage their assets and make smart decisions. It’s also a great source of the latest crypto news from around the world. If you are looking for a crypto platform that also helps you stay current on the market, this is a great choice.
Coinbase
- Best Feature: Has one of the best interfaces
- Biggest Downside: Slow to adopt new cryptocurrencies
Coinbase is one of the most popular crypto exchanges in the US. You can purchase a wide range of coins and tokens on the platform, including Bitcoin, Ethereum, and more. You can earn interest in USDT and earn rewards by completing different activities in the app.
eToro
- Best Feature: Beginner investors can copy the portfolio of an advanced trader
- Biggest Downside: Supports relatively few coins and tokens
eToro began in the UK and other parts of Europe before entering the American market as eToro USA LLC. You can open a practice trading account to learn and understand how the platform works before jumping into actual trading with real funds. New users can earn a $10 bonus by depositing or trading at least $100 in crypto assets.
Gemini
- Best Feature: Peer-to-peer trading
- Biggest Downside: Relatively high transactions fees
Gemini is approved by the FDIC for USD transactions as a crypto exchange, digital wallet, and custodian. The New York State Department of Financial Services regulates this platform. The exchange allows users to trade over 100 coins and tokens. It also plays the role of a custodian to large crypto groups and other institutions.
This exchange also allows users to earn up to seven percent in interest on their savings. The platform is of the best crypto companies with competent staff and has its own propriety stablecoin, Gemini dollar.
Hodlnaut
- Best Feature: High interest on holds
- Biggest Downside: Slow customer support
Hodlnaut is a great alternative to trading cryptocurrencies. It serves as a savings and lending platform that focuses on Bitcoin and stablecoins. At the moment, active traders can earn up to 7.46 percent on their Bitcoin and up to 12.73 percent on USDC.
Kraken
- Best Feature: High level of security and trust
- Biggest Downside: Relatively complicated interface
Kraken is a top crypto trading platform with a great selection of digital currencies and tokens you can invest in and trade. The platform allows margin trading as well. Kraken is one of a few platforms that allow you to trade in DOGE and other highly volatile altcoins.
Pionex
- Best Feature: 12 free-to-use trading bots to avoid market risk
- Biggest Downside: Account cannot be funded with fiat currency
Pionex stands out as an app that can perform auto-trading. It is also known as one of the safest platforms in the market. It has very low transaction fees for crypto traders compared to some other crypto exchange options, making it a good choice.
Voyager
- Best Feature: Unmatched commission-free trading structure
- Biggest Downside: Long withdrawal times
Voyager is very popular among crypto enthusiasts and investors. This platform is app-driven and offers its users a commission-free structure. You can find most of the major cryptocurrencies on this platform, and it has strong support and engagement.
The Voyager platform pays its users a competitive interest rate on their digital assets. After opening a Voyager account, you can earn $25 worth of BTC after trading $100 in crypto on the platform.
Which of the Best Crypto Apps Should I Choose?
Each of the options above has a reputation for security and dependability. However, if you’re a beginner, your best option may be Coinbase, thanks to its usability. With that, you can always transition to Coinbase Pro later on. Alternatively, Kraken is a good choice if you’re especially concerned about user cybersecurity rankings. In addition, if you’re looking for high interest rates, consider BlockFi.
Best Crypto Apps FAQ
The app that has the most crypto is Coinbase as it offers a wide range of cryptocurrencies. It is the largest US-based cryptocurrency exchange, with over 89 million verified users. It carries out operations in over 100 countries around the world with a quarterly trading volume of $547 billion.
The easiest crypto app to use is Coinbase. Other good options for beginners include Gemini and Binance.
The most secure crypto wallet is a hardware wallet. If you use an app, you’re using a hot wallet, meaning that your wallet is connected to the Internet. That said, the major exchanges all have high cybersecurity ratings.
Some of the best crypto apps for Android are eToro, Binance, and Coinbase. All these apps have millions of users around the world and work well with the Android operating system.
