Best Cryptocurrency Apps

Best Cryptocurrency Apps: Top Trading & Investing Apps 2022

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Best Cryptocurrency Apps

Digital assets quickly rose to mainstream attention and it looks like it’s here to stay. Cryptocurrency, blockchain, NFTs, and Bitcoin – you hear about them in the news and at least one of your friends is invested in it. It’s time that you take a serious look into cryptocurrencies but you have no idea how to get started, right? Don’t fret because we’re going to break down which apps you’ll need to focus on because not all are made equal. Let’s find out which cryptocurrency apps you need based on category.  

List of The Best Cryptocurrency Apps

Let’s dive right into our list of the best cryptocurrency apps based on the services they provide and the fees they charge.

Apps we’ll cover:

  • Coinbase
  • Gemini
  • Bisq
  • BlockFi
  • Binance
Is Coinbase Good?

Best Overall Crypto Exchange App – Coinbase

Coinbase is arguably the best-known cryptocurrency exchange, especially here in the U.S. Having just gone public earlier this year in April, Coinbase cemented itself as the de-facto crypto marketplace and claims the first to do so from the sea of exchanges. Due to its vast financial backing and resources, they’re able to produce top-shelf products that other exchanges may not offer. These include custodial services, a platform for professional day traders (via Coinbase Pro), the ability to make and accept payments with cryptocurrencies, interest-bearing accounts, and institution-tailored crypto solutions.  

Coinbase created a mobile app to manage all of these features and services, which are available on both Google Play Store and the App Store. Not surprisingly the Apple version of the app has a rating of 4.7 with over 1.4 million reviews while the Android version scores a 4.4 rating with over 524,000 votes.  Coinbase has amassed a following of over 68 million users across the globe in over 100 countries. With so many different types of investors to appease, the app’s user interface has been designed to be the most user-friendly, simple to use, and easy to understand amongst its competitors. This is especially important for newbie cryptocurrency investors or traders.

Sounds too good to be true right? In many ways it is but here’s the icing on the cake. Coinbase is one of the most secure and protected exchanges out there. You don’t need to worry about your crypto being hacked because most of the assets are stored offline at a separate storage facility. So if by chance, hackers were able to infiltrate the exchange, they would only be able to access a limited amount. Additionally, Coinbase offers FDIC-backed insurance just like a real bank. This means that you’re covered up to $250,000 maximum for all USD cash balances.  

Coinbase has it all. It has huge investor backing, is the best known, has one of the largest selections of cryptocurrencies, and is easy to navigate and understand. If you want a one-stop-shop cryptocurrency app, look no further because you found it. You should be aware, however, that their various fees are amongst the highest. Depending on the type of fee, you’ll be paying anywhere from 1.49% to 3.99% per conversion. It isn’t surprising considering they are feature-rich with an excellent user base. This ultimately means high liquidity and you want that in an exchange because you don’t want to build up a ton of crypto, only to be unable to offload them for cash.  

It’s worth mentioning that the sister site Coinbase Pro has lower fees. There, you’ll find transaction fees ranging anywhere from 0% to 0.50% per transaction. Coinbase Pro is for the advanced user so tread carefully when using this app. Though feature-rich, especially with trading tools and features, these are most likely too advanced for the beginner. However, the option is there.

Coinbase is one of the best cryptocurrency apps overall.

  • Apple Compatible: Yes
  • Android Compatible: Yes
  • Availability: Available in 41 countries, including the USA
  • Transaction Fees: Ranging from 1.49% up to 3.99% per conversion
  • Range Of Coins Available: 25+ coins

To Website: Coinbase

Is The Gemini App Safe?

Best Safe App With Lower Fees – Gemini

Gemini has a long list of accolades that other crypto exchanges long for. Most crypto exchanges don’t even compare to Gemini when it comes to licensing or certifications. Founded in 2014, this crypto exchange proudly boasts that it’s never been hacked and it’s one of the few crypto exchanges to also be certified under SOC 1 Type 2 and SOC 2 Type 2.

SOC stands for Service Organization Control. SOC 2 is a process by which audits are executed to ensure that service providers such as Gemini can manage data securely and in a way that protects the privacy and interests of its users. The five areas that these audits cover are the areas of security, confidentiality, availability, processing integrity, and privacy. These certifications are no joke and shouldn’t be taken lightly.  Being certified in these proves that your cryptocurrency holdings will be well managed and safely handled. Though Coinbase is also certified under SOC 2, Gemini was the world’s first exchange to do so and this is reflective of the company’s “security-first” mentality.  

It doesn’t stop there. Gemini is regulated by the New York State Department of Financial Services (NYSDFS). There are plenty of requirements that they are subject to which include capital reserve, cybersecurity, and standards in banking compliance. Coupled with the fact that they are a fiduciary and qualified custodian, institutional and retail investors flock to their services. Do you get the picture yet? Let’s spell it out for you: Gemini is the real deal and they don’t mess around.

Although Gemini’s cryptocurrency offerings are limited to only 48 coins, they offer services to over 60 countries around the world while including all 50 US states. Gemini’s approach to servicing looks to be more streamlined, while being focused on new investors. It’s perfect for those that are looking for a simple app design and usability. Aside from the simplistic user interface, they make signing up a breeze – you can literally start trading within minutes. Gemini boasts a 4.8 rating on the App Store which is derived from a pool of over 57,000 reviews. It ranks at a 4.5 rating on the Google Play Store which comes from a pool of over 22,000 reviews.  

Just because they focus on simplicity doesn’t mean they skimp on the technicals of trading. Advanced traders can benefit from their trading platforms too. However, there is a cost of using such a high-quality service like Gemini and this comes in the form of fees. Transaction fees make up a solid portion of Gemini’s revenue generation with fees ranging from $0.99 up to $2.99 per transaction. With transactions that exceed $200, 1.49% of your order value total will be charged. Convenience fees are also charged at 0.50% of the market price of the coin in question. If you remember Coinbase’s rates, however, you’ll see that these rates are reasonable and are more competitive than theirs.  

Gemini is one of the best cryptocurrency apps with low fees.

  • Apple Compatible: Yes
  • Android Compatible: Yes
  • Availability: Available in 60 countries, including the USA
  • Transaction Fees: Ranging from $0.99 up to $2.99 per transaction
  • Range Of Coins Available: 48 coins

To Website: Gemini

Bisq Crypto Exchange

Best Decentralized Exchange – Bisq

Cryptocurrencies are becoming the norm these days and it is quickly threatening traditional financial systems that run on fiat money. Bitcoin started the craze where centralized banks were removed as intermediaries or custodians. No longer do you have to go through a bank, entrust your money with a third party, or wait for their hours of operations to manage your money. The thousands of cryptocurrencies that spawned since Bitcoin’s inception have ushered a wave of enthusiasm amongst those that are tech and financially savvy. The main reason for this is because currency can be exchanged between parties without an intermediary.

Bisq seeks to bring this same idea, where third parties are removed, to crypto exchanges. If you think about crypto exchanges and how they operate, you’ll realize that you’ll run the risk of losing your crypto holdings due to hacking or other cybercrime-related activities. Exchanges such as Coinbase and Gemini know this so that’s why they have such strict and thorough measures in place by way of certifications, audits, and offline storage. So what does Bisq do that they don’t?  

Bisq is a decentralized exchange that is open-source. That means you are free to exchange, trade, sell, or buy cryptocurrencies between yourself and other peers directly. When you hold your crypto on traditional crypto exchanges, you are handing them over to be hosted on their servers. With Bisq, no one has access to your funds except you and this is because they pride themselves on being a non-custodial service. Many top crypto exchanges use custodial accounts where private keys are not user exclusive, meaning they hold the right to seize your account if there’s something fishy going on with it. In other words, your account can be frozen for reasons that are outside of your purview.    

If privacy and control are important to you, you’ll be pleasantly surprised to know that Bisq doesn’t require a Know Your Customer (KYC) check. That means you won’t need to provide any personal identification to the company. For traditional crypto exchanges, they are prone to hacks that can put your identity at risk.  Additionally, all of your data is stored locally and is never sent to a third-party storage facility.  

Although you can get set up quickly and start trading within minutes, be aware that the trading volumes are low and transaction speeds are on the slow side. The selection of cryptocurrencies isn’t as vast as some of the top-shelf exchanges either. However, Bisq does focus on national currencies such as dollars, yen, or euros for exchange into Bitcoin for example. You’ll also find that a great selection of altcoins is available here as well. As of this writing, over 60 currencies can be found on this platform. Fees are relatively low, starting from 0.05% per transaction and working their way up to 0.70%. If you’re interested in such a peer-to-peer decentralized exchange, look into the App Store and the Google Play Store to download the app today.  

Bisq is one of the best cryptocurrency apps for decentralized trading.

  • Apple Compatible: Yes
  • Android Compatible: Yes
  • Availability: Anyone with a computer and internet connection can use Bisq
  • Transaction Fees: Ranging from 0.05% up to 0.70% per transaction
  • Range Of Coins Available: 60+ coins

To Website: Bisq

BlockFi App

Best Interest Bearing Cryptocurrency Platform – BlockFi

Interest-bearing savings accounts. Are they even worth your time and energy to even look into it? The so-called high yield savings accounts that are available from institutions and online banks barely offer any incentive to park your money in their accounts. APYs of 0.50% on average are offered and this seems to be the industry standard these days. Imagine putting $10,000 into high yield savings account with a 0.50% APY.  By the end of the year, you’ll have earned a whopping $50. Sure, if you go this route, your money will grow but would it outpace the rate of inflation (est. 5%)? Not even close!  

BlockFi offers the ability to buy, sell, and hold cryptocurrencies. They are disrupting the banking industry by way of their interest accounts where you can earn up to 7.5% APY. You may be thinking, with these rates, why bother with traditional banking? If you’re looking to expand your portfolio with cryptocurrency holdings, and you want to earn interest, look no further because BlockFi is the top name in the game.

Borrowing money at a low 4.5% APR is also possible through BlockFi. Your cryptocurrency holdings will be used as collateral so that borrowing can happen throughout your term. Do you see the parallel here?  Sounds more and more like a traditional bank right? It’s no wonder BlockFi has gained national attention, especially from the banking industry. While it has elements to a traditional cryptocurrency exchange it does feature products related to banks and lenders. One thing to note here is that the minimum loan amount is $10,000 so keep that in mind.  

If you are interested in earning just by holding cryptocurrencies, BlockFi is the way to go. They made the app easy to install and its user interface has a minimalistic design such that anyone can pick it up and use it with ease. Both Android and IOS users can get started within minutes of downloading the app. Promotions are going on right now where if you refer a friend and they transfer at least $100 into the account, you each will earn $10 in Bitcoin. If earning while you sleep isn’t enough of an incentive for you, perhaps this promotion is.  

BlockFi is one of the best cryptocurrency apps forInterest-bearing savings accounts.

  • Apple Compatible: Yes
  • Android Compatible: Yes
  • Availability: Available worldwide with a few exceptions
  • Transaction Fees: $0 transactions fees, however fees are charged when you withdraw funds from your account
  • Range Of Coins Available: 8 coins (BTC, ETH, LTC, PAXG, USDC, USDT, GUSD, and PAX)

To Website: BlockFi

Binance App

Best Global Cryptocurrency Exchange With Low Fees – Binance

Binance is without a doubt the largest cryptocurrency exchange in the world. With over 2 billion in trade volume being moved through its exchange on a daily basis, it’s no wonder they reign at the very top of the crypto totem pole. Part of their massive interest lies in the fact that they are a truly global cryptocurrency exchange. Users from all over the world connect to generate over 1.4 million transactions per second.  

Many features enable Binance to main its global lead. One of the main draws is the selection of cryptocurrencies available to invest, which is in the hundreds – over 500 actually. They’re so massive that they created a U.S.-focused exchanged called Binance.US. Note that the cryptocurrency selection is limited to just over 50 here. Fees are amongst the lowest in the industry as well. Binance.US charges a 0.1% flat fee to handle spot trading. This is far lower than Coinbase’s fees which can be found anywhere from 0.5% for trading fees and up to $2.99 per trade, depending on the trade and fee type.  

Crypto to crypto and peer-to-peer trading can be had using their app just like Coinbase. Since their user base is so large, however, Binance offers unmatched liquidity across users in different countries. Liquidity is important for any type of investment so you can rest assured you’ll be able to cash out when you need to. Binance isn’t offered in all of the U.S. states, however. Connecticut, New York, Hawaii, Texas, Idaho, Vermont, and Louisiana are the seven states that don’t allow Binance to operate due to conflicts relating to regulations and lack of transparency. If you’re not in any of these states and would like to be part of a bigger crypto exchange, look no further because Binance is available to download on Android and IOS.

Binance is one of the best cryptocurrency apps with low fees.

  • Apple Compatible: Yes
  • Android Compatible: Yes
  • Availability: Available in 180+ countries
  • Transaction Fees: 0.1% flat fee for spot trading
  • Range Of Coins Available: 50+ coins

To Website: Binance

Which Cryptocurrency App Is Best?

As you may have discovered thus far, there isn’t a clear-cut answer to which cryptocurrency app is best. We established what the strengths are for each of these cryptocurrency apps. Depending on what you want to do and how you want to invest with cryptocurrency, you’ll find that certain platforms offer better services than others. Cryptocurrency investing takes a lot of time to research and understand – just as with any other investment. The market is ripe with a vast selection of cryptocurrency exchanges and services. Take the time to research our list of the best cryptocurrency apps because they all offer different something unique.

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