Five best crypto apps to start trading in 2023
Adding cryptocurrency to investment portfolios has been popular for the past few years. In addition, traders increasingly rely on smartphone and desktop crypto apps to stay updated on the volatile crypto sector while on the move.
The top crypto apps enable users to identify promising assets, perform buying and selling transactions, exchange cryptocurrencies, and even send crypto conveniently with one tap.
This article reviews the five best crypto apps for novice and experienced traders wishing to invest and trade in 2023. Our analysis will encompass essential criteria, such as trading options, fees, and distinctive features, to identify the most favourable crypto trading apps.
Five best crypto apps to get started with trading
eToro is the leading crypto trading app, thanks to its compliance with regulations, user-friendly interface, and extensive range of trading options.
The platform offers more than 3,000 investment options, encompassing commission-free stocks, currencies, ETFs, commodities, and cryptocurrencies.
The crypto assets available range from popular tokens like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) to more niche assets such as 1 INCH, IOTA (MIOTA), and The Sandbox (SAND), including 79 more options.
The platform imposes a fee equivalent to 1% of the purchase amount. For example, someone purchasing $500 worth of Ethereum would pay $5 in platform charges.
The mobile app is entirely user-friendly and ideal for novice traders. It provides tabs for portfolio management, asset discovery, and a watchlist to track selected markets.
Furthermore, the app offers a feature that benefits novice investors by enabling them to easily replicate successful investors' trading activities. By selecting "copy people" on the app's homepage, users can filter traders based on their activity and statistics and then choose to copy the trader that suits their preferences.
Additionally, eToro fosters a social trading experience. Each asset on the platform has a dedicated feed where customers can post relevant content. Users can like, reply, and gauge the overall market sentiment surrounding a particular asset.
This platform offers a diverse range of 250 cryptocurrencies for investors to trade, including popular options such as Bitcoin, Dogecoin, and Shiba Inu.
This exchange conveniently allows the purchase of cryptocurrencies instantly using a debit or credit card. The Visa card, for instance, allows users to convert any crypto to cash easily or even withdraw at ATMs worldwide.
The platform lets users swap and actively trade crypto on the spot market. Notably, the app supports in-app derivatives trading, allowing for margin trading up to 10x for spot or derivatives trading requirements.
Additionally, Crypto.com presents an NFT marketplace and features prominent gaming coins like The Sandbox (SAND) and Axie Infinity (AXIE). The platform applies standard fees of 0.0750% for crypto spot and margin trades, while NFT resales incur a 1.99% fee. Alongside, users can earn up to 14.5% on their crypto holdings.
Binance is a globally renowned cryptocurrency exchange. According to data from CoinGecko, it boasts a staggering daily trading volume of over $10 billion. The platform offers over a range of 600 cryptos to trade. It also offers its utility token BNB, which grants users access to reduced fees on the platform.
While spot transactions on the exchange typically incur a maker/taker fee starting at 0.1% each, users can enjoy a 25% discount on fees by owning a specific number of BNB tokens.
In addition to spot and futures trading, users can leverage margin trading, engage in staking activities, and participate in Swap Farming, a convenient method of swapping cryptocurrencies without requiring a trading partner.
Binance's mobile application stands out for its user-friendly design and intuitive interface, providing all the features available on its desktop counterpart. It encompasses a beginner-friendly lite mode and an advanced app tailored to experienced traders, offering access to professional charts and trading tools.
The platform also offers diverse options for depositing funds into accounts, including VISA, MasterCard, Wire Transfers, SEPA Transfers (for European-based countries), and ACH Transfers.
The platform offers more than 350 cryptocurrencies for trading, including popular ones like Bitcoin, Ethereum, Cardano, and fan tokens such as Manchester City Fan Token, Chiliz, and Galatasaray Fan Token.
The decentralized exchange does not require users to undergo Know Your Customer (KYC) verification, making it an appealing choice for individuals concerned about privacy. Additionally, it enables users to maintain exclusive control over their private keys while trading, safeguarding their funds against potential compromises of OKX's centralized exchange wallet.
The OKX app grants users access to spot and futures trading, allows them to monitor their balances, and provides price alerts for their preferred cryptocurrencies. Its user-friendly interface simplifies the trading process, contributing to its popularity with over 1 million downloads.
Trading fees on OKX are variable and dependent on the amount of OKB users hold. Holding OKB grants access to reduced fees on the platform. For spot trades, fees start at 0.08% for market makers and 0.1% for market takers, making OKX highly competitive in trading fees.
Pionex is one of the market's most highly efficient auto-trading crypto apps. It offers 16 free in-built trading bots that facilitate automated trading.
This cross-platform has recently gained a strong reputation for its commitment to security, making it one of the safest crypto apps available.
Furthermore, Pionex holds significant influence as one of the major brokers on Binance and market makers on Huobi. It is also worth noting that it possesses a highly esteemed MSB license issued by FinCEN. Another notable aspect of the platform is its remarkably low trading fee of 0.05%, which sets it apart from other exchanges and makes it an appealing choice for traders.
Author: Priya Kumari
Priya is a passionate content writer and the co-founder of Finendorse. She is an enthusiastic crypto investor and has a huge interest in the upcoming digitisation age.