A cryptocurrency app is a mobile phone application that may enable users to perform numerous functions and utilize various features such as tracking, trading, storing, managing different crypto assets, or accessing information about the crypto market.
Mobile applications are relatively safer and more secure than web-based applications. They are also more convenient precisely because of their mobility and accessibility. Users can perform many operations from anywhere and at any time, constantly monitor trades and other functions and features.
This article will explore the best cryptocurrency apps for trading coins and tokens, tracking their prices, following their news, and storing them safely.
Best apps for trading crypto
Trading on cryptocurrency exchanges applications has become a new income stream for many. Users can connect their bank account or credit card to the app to buy their first cryptocurrencies in USDT, ETH, BTC, or any other cryptocurrency available on the app.
Many centralized crypto exchanges apps exist on the market, but our top 3 picks are Binance, FTX, and Kucoin. Our picks are based on reputation, geographical reach, fees, crypto diversity, vetting process, security, trading volume, interface, customer service, and growth potential.
Binance, FTX, Kucoin trading apps are among the most popular and reputable exchanges, with each coming with varying degrees of features. For example, Kucoin charges the most trading fees while FTX is the least expensive, followed by Binance. All three apps have a good security record, a user-friendly interface, and a high trading volume.
FTX has the most versatile trading features for advanced traders but the least crypto listed, while Kucoin and Binance have much more. It is wise to operate on multiple apps to spread the risk and take advantage of the different features that each exchange offers.
Other centralized crypto exchanges applications to consider include:
Gemini: a trading app that makes it easy to set price alerts so you can quickly respond to price movements for individual assets. Gemini also boasts superior cybersecurity and cryptocurrency storage solutions.
Coinbase: a beginner-friendly crypto exchange, but it is famous for its high trading fees and limited geographic reach — the app currently operates in 32 countries, but plans to expand.
Voyager: a simple, secure, reliable, and commission-free crypto app with 70+ crypto assets available for trading.
Crypto.com: offers many features such as Crypto Pay, Crypto Earn, crypto credit cards, and DeFi Wallet to accelerate cryptocurrency adoption for all.
BuyCrypt: a Ukrainian multi-exchange crypto trading app. It works with most other crypto trading apps in real-time by connecting to their API.
Crypto Wallet Apps
A Crypto wallet is a type of storage application for your cryptocurrencies. Wallets are geared towards a very high level of security to keep your coins as safe as possible. However, different types of wallets come with varying degrees of security. Mobile wallets are generally more secure than desktop or web-based wallets.
Mobile wallets are classified as decentralized/ centralized. Wallets used on trading apps such as Kucoin, Binance, and others are centralized. Centralized wallets give the app control over your wallet and its private keys. On the other hand, decentralized wallets allow you to control your wallet and its private keys. For more details, read types of crypto wallets.
Examples of decentralized mobile wallets include MetaMask, Wallet Connect, and Trust.
Examples of centralized mobile wallets include Binance and Kucoin. These wallets are stored in the trading app.
Some wallets are hybrid where users can set up a decentralized wallet within their centralized wallet, such as the ZamWallet.
Decentralized wallets are an integral part of the crypto market as they are required to access decentralized applications built on-chain.
Crypto exchanges operate 24/7, including holidays, making daily news especially important. Coindesk and Cointelegraph are the best apps to get the latest news in the crypto market. For convenience, you can try out a news aggregator, such as the CryptoPanic app, which collects all news articles and videos relevant to the crypto market.
Crypto price trackers
A cryptocurrency tracker is a type of app that shows you real-time information about cryptocurrency prices. Any exchange will contain this information, but having an individual tracker can also be helpful. The most popular price trackers apps are CoinMarketCap, Messari.io, and CoinGecko.
What to pay attention to in the cryptocurrency app
No matter what type of cryptocurrency application you need, there are a few things you should pay attention to when comparing the options offered.
A good security track record is a must before choosing the app you would like to download and use its services. If you deposit your funds on an exchange with a poor security track record, your coins will be more prone to theft from hackers.
If you are new to investing in cryptocurrency, you need round-the-clock customer support, especially for trading apps. No one wants to read the FAQ pages to get help.
Paying unnecessary fees means throwing money away. So Before opening an account, check the cost of trading, deposit, and withdrawal, among others.
Convenience and ease of use
Most applications have a standard layout and features, but some may be more complicated to use than others. If you don’t have experience with trading and investing, you may see trading apps as hard to navigate. But with time and a bit of practice and learning online, it will become easy and standard for you regardless of the app you choose or use.