Brand Partner ContentChoosing the best cryptocurrency apps for beginners and generally for buying cryptocurrencies is not easy and depends on many factors. Along with the limitations of the deposit, there are other questions that you should consider like regulation, payments, fees, assets, and more.
In the article above we have listed the most popular portals and sites for buying cryptocurrencies starting with the question – what is the best cryptocurrency app? Finding a place where your money is safe and investments secure was one of our main goals. If you are still confused about the place where it is safe to invest money, there is a short guide for you.
Best Cryptocurrency Apps
- eToro – one of the best cryptocurrencies to use in 2022
- Binance – the place for those who will not take a risk at the beginning
- Coinbase – the place where your investment is secure
- Kraken – easy for users but better for serious investors
- Webull – a simple and small investing
- Gemini – a place for serious investors only
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Best cryptocurrency apps to use
eToro – the platform that is the best in 2022
There is a reason why experts named eToro as the best cryptocurrency app to use in 2022. After rapid and constant growth in the past few years and a growing number of new users, a platform is surely a place where you should invest your first money.
Ensured by numerous agencies and services, including ASIC, SEC, FCA, and CySEC, the platform is safe and protected from frauds and scams. One of the best parts is that the service provides full control to the users, along with easy access and a very simple guide for using.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
As the opposite of many other best cryptocurrencies apps to use, eToro offers trading 24/7 with DeFi coins (Cosmos, Polkadot, AAE, and Decentraland). It is not all you will get on this platform, though. Over 43 cryptocurrencies are available on this platform with the top 10 digital assets on offer.
The usage is very simple, so you can use it on any IOS or Android device. A great thing if you want to buy crypto coins during the pause at work only by using a phone.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Binance – maybe you are more for low prices
This platform is great for those who are looking for low prices but not at the expense of quality and safety. The problem could be the user’s manual which is more for experienced crypto coins buyers. However, the platform has a worth of more than a billion dollars every day, which is good enough to trust.
The best part is that commissions are just 0,10% per trade which is more than favorable and surely the lowest that we found. They also have extremely tight spreads, which is even better. Charging for placing a deposit by credit or debit card is only 0,5%, but users that are not US citizens will pay even 4%. The app is simple to use and you can use it on both IOS and Android devices.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Coinbase – one of the popular coin markets
It is one of the platforms that are commonly recommended to beginners in these transactions. The reason is a simplified guide, low base deposit, and user-friendly surface. The major problem is high fees and commissions, making Coinbase one of the most expensive among platforms.
If you buy your first cryptocurrency on this application, you will pay 1,49% per slide and the spread. Even connecting the debit or credit card will cost you 3,99%. Both prices are very high for these types of trading and surely not what we would recommend to beginners.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Kraken – for advanced users only
It is great when you can completely trust one platform and a place where you invest money, and Kraken is surely one of them. You can easily buy all cryptocurrencies on this platform for lower fees using a very simple manual.
One of the most attractive parts is that platform has options of choosing between various enhanced order types including take-profits, limits, stop-loss limits, stop-losses, and covers. You can also track the changes on the market with customizable charting options, along with very intuitive software.
The prices are among the lowest on the market, with only 0,26% per slide. The platform offers a wide range of currencies, with access to up to 50+ crypto assets. Once you make a profile on this platform you can choose between large-cap coins and several DeFi currencies among them.
Webull – a market for small stakes
If you want to start buying cryptocurrency but with a low budget (or do not want to invest a lot from the beginning) this is the best cryptocurrency app to use. It allows you to invest only a dollar in your first crypto coin.
The site offers fees and commissions on a spread-only basis, which is not quite competitive. For instance, crypto trades come with a minimum spread of 1%. However, they will charge for the deposit of money and any other transaction.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Gemini – a place for serious investors
Some people do not have time for frequent investments. They also could allocate large sums for each investment so they need a platform that supports their needs. Gemini is the best cryptocurrency app for them. Since the platform operates with high amounts of money the safety is on the highest level, heavily regulated by the government and licensed by the New York State Department of Financial Services.
You can easily use this platform on the phone since it operates on IOS and Android systems. They have defined down limits for investing, but fees are among the lowest in this field. For example, you will pay a standard commission of 1,49% per slide but only if you invest at least $200. The platform is secured by several quality safety programs and security schemes.
What is the best cryptocurrency app?
If you want to safely buy cryptocurrency, relaying on the heavily controlled platform, then you should choose eToro as the place to invest in. The platform is registered by FINRA and controlled by several governments and non-government agencies, with SEC among them. Among 20 million users worldwide surely know why they have given their trust to this platform.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
One of the reasons why it is a good choice to rely on this portal for your investment is the wide range of cryptocurrencies that they support. Now you can choose among different options in one place. Also, you can check important information in cryptocurrency trade markets in one place. All features above are good arguments to choose eToro as a platform for buying crypto coins.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to use the best cryptocurrency app – Quick guide
As you have decided to choose eToro to purchase cryptocurrency, you have made a good choice. Now, we should teach you how to open your first profile on this site and start with purchasing. The whole process will take only a few minutes.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
The first step – making a profile
First, you need to make a profile where you will buy your cryptocurrency. The process is very simple as the site is intuitive and without complicated steps. Simply type your personal information, and e-mail where they will send a confirmation link.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
The second step – fund your first money
In order to buy your first cryptocurrency, you should fund at least $10 which is a minimum amount of money that you should invest. The process is also very easy. This site has a button for connecting the credit or debit card, Paypal, or any other e-wallet option, and the whole process takes only a few minutes.
The third step – find your first cryptocurrency to buy
One of the reasons why eToro is among the best cryptocurrencies apps to use is the simplicity and safety of its usage. You can easily find any cryptocurrency with only a few clicks. After you have found the crypto that you want to buy, simply click on it.
The fourth step – buy your first cryptocurrency
You are ready to purchase your first cryptocurrency now. After you have chosen the right currency, determine the amount of money that you want to invest and click on it. The platform will do the rest and crypto coins are in your virtual pocket.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Conclusion
After the list above it should be easy to choose the best cryptocurrency app. The most important is to answer the question – what do you expect from your investment? If you are a beginner in this world, you should start from simple, safe, and affordable platforms where your investment is secure.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
eToro is a platform that offers great opportunities for newbies and beginners. You will need only a few seconds to open the profile, connect your debit or credit card and place your first deposit. After that, choosing the right crypto coin is easy and depends on you and your needs. The platform trades coins on a spread-only basis and you can choose among a long list of various currencies. Start with trading today and choose the best on the market!
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