FxBrokerReviews.org – The majority of people view trading cryptocurrencies as a passive source of income. Some people view it as a different investment from more conventional ones. Given the popularity of cryptocurrencies, like Bitcoin’s meteoric rise to over $63,000 in April 2021, speculative traders are becoming increasingly prevalent daily.
Most cryptocurrency traders use smartphone apps, while more experienced traders also frequently use desktop apps. Individuals, groups, established funds, corporations, and institutions can all trade cryptocurrencies. It is a professional project that deserves consideration.
The top cryptocurrency apps allow traders to exchange cryptocurrency for free or at a low cost, deposit fiat instantaneously and with low fees, and withdraw immediately or with low prices. Users can also invest in the best cryptocurrency apps and exchanges, like mining, staking, and having integrated custody for organizations.
Good apps also let traders track values in real-time, set real-time notifications, and perform complex charting to make more profitable trades.
Knowledge Of Cryptocurrency Trading
- Research on trading applications – Different apps have different features, such as immediate deposits, peer-to-peer dealing, charges and commissions, trading volumes, support for credit cards and other payment options, and verification processes. These characteristics can be found in different apps. Join and make a wallet using the service that appears to have the functionality you require the most.
- Make a deposit using your bank account, credit card, VISA, Web Money, etc. – Ensure your app is compatible with the preferred way to add money. The top cryptocurrency buying apps allow for quick deposits or the duration of a particular deposit method. Others take days, while some are automatic.
- Place orders – You can use various cryptocurrency apps to engage in peer-to-peer trading. Select a trading partner, accept their market orders, or place your futures market orders for them to take. The best cryptocurrency trading software should also let you place maker orders to lower trading costs.
- You can buy from a centralized order book using other cryptocurrency trading applications. Click the “buy” button, choose the cryptocurrency you wish to purchase and enter the desired purchase amount. On cryptocurrency exchanges, you can execute various orders, including marketplace, limit, short selling, the maker only, quick, cancel, decrease only, and edit orders.
- After that, the cryptocurrency is added to your wallet. You can withdraw, invest, stake, or give money to a friend from your wallet. As mentioned, the best cryptocurrency trading program also supports various types of investment.
Let us review the 8 best crypto trading apps.
1. Pionex
Most affordable Trading Fee.
Finding an app that performs as seamlessly as Pionex when it refers to auto-trading is challenging. This cross-platform program has 16 free built-in trading bots that make auto trading possible. One of the finest cryptocurrency apps available is Pionex, which has gained a solid reputation in the industry. It gathers liquidity from platforms like Binance and Huobi, close to ticker pricing.
Pionex is a trading platform on Huobi and one of Binance’s largest brokers. Additionally, Pionex holds a FinCEN MSB license, which is highly regarded. Another element that makes Pionex worthwhile exploring is the meager trading fee it charges compared to other exchanges.
Features
- 16 trading bots that are free to use.
- All transactions have low trading fees.
- An intuitive mobile app UI.
- First-rate email and live chat assistance.
2. Bitstamp
Best for low-fee frequent trading for beginners and experienced traders; bank-based cryptocurrency cash out.
One of the first cryptocurrency trading platforms, Bitstamp, was founded in 2011 and provides a web-based platform along with mobile iOS and Android trading apps for trading cryptocurrencies while on the go. You may hold, participate in, transmit, and exchange over 50 cryptocurrencies using the app, including Bitcoin and Ethereum. Both novice and experienced crypto traders can benefit from them.
With the application, you can purchase cryptocurrency using a credit or debit card, a bank account, a wire transfer, SEPA, and other options. Additionally, you can transfer cryptocurrency to bank accounts. You may instantly transmit cryptocurrency by scanning a QR code with the app. Millions of traders worldwide have already attested to the app’s use.
Features
- Monitor your portfolio value, trading histories, and charting to improve your trading. Through the Tradeview function, detailed charts and tools are available. Additionally, you can explore assets based on listing duration, popularity, and effectiveness.
- Use the sophisticated exchange platform to place multiple order types.
- Multi-sig security is available in web and mobile wallets. Additionally, protected by crypto is offline and in transit.
- If the device is missing, remotely disable the application.
- Unlike other bitcoin trading apps, there is no leverage trading.
3. NAGA
Best for trading automatically.
Thanks to the platform’s ground-breaking auto-copy trading feature, the NAGA trading platform users can replicate professional traders without the hassle of developing a trading strategy from scratch.
You may access the trader leaderboards from your account, which display their gains. They are arranged by day, week, month, and overall. Additionally, NAGA provides far higher trading leverage than many other trading firms, up to 1,000x.
You may trade more than 40 cryptocurrencies on the platform, including Litecoin, Bitcoin, Ethereum, and Bitcoin Cash. Trade expenses might be reduced by 50% when using the NAGA Coin, NGC. The software enables holding, transmitting, and receiving cryptocurrency from mobile devices.
Features
- Copies of deals with preset percentages or investment amounts.
- Apps for iOS and Android.
- Leverage for the trading of up to 1,000x.
- Trade 950+ different financial assets, including cryptocurrencies, stocks, FX, indices, ETFs, crypto and stock CFDs, and more.
- There is no volume cap on trading.
- Wallets hosted by NAGA.
- Deposit money into accounts via credit cards, bank accounts, and online payment services like Skrill, Sofort, and Neteller
- Naga coin, Giropay, EPS, Ideal, p24, Bitcoin Cash, Litecoin, Dash, and other cryptocurrencies.
- NAGA debit card for transactions with no fees.
4. Crypto.com
Best for both regular spenders and stakers.
You can use Crypto.com on mobile (iOS and Android) or web-based trading platforms. It is one of the most significant cryptocurrency trading apps since you can spend cryptocurrency by connecting an account to a Crypto.com credit card. For instance, using a Visa card makes it simple to convert any cryptocurrency to cash, spend it at tens of thousands of merchant establishments, and withdraw it from any ATM worldwide.
You can instantly purchase cryptocurrency on Crypto.com with a debit or credit card. Additionally, you can exchange cryptocurrency or actively trade it there. This software allows in-app derivatives trading and also helps it make a list. For spot or futures trading, you can leverage the money market up to 10x. Use the app to make payments for goods, items, and services using cryptocurrency.
Features
- There are over 250 cryptos supported.
- Earn up to 14.5% on cryptocurrency investments.
- Support for DeFi and NFT.
- Both derivative markets and spot markets enable sophisticated order trading.
5. Binance
Institutional and group traders should use this.
Along with basic sending and receiving capabilities, Binance also offers staking and investment capabilities. It is available as a paid Pro and Binance Lite version or a free Binance Normal edition. It has a high level of liquidity and is one of the best in the business by trading volume on CoinMarketCap. The Binance US complies with US trading laws.
Features
- Support for trading pairs between more than 500 cryptocurrencies and tokens
- Simplex and other third-party systems support credit card and wire transfers.
- Lower fees when using the BNB platform token to pay for gas.
- Support for peer-to-peer crypto-to-crypto exchanges. Additionally, users can exchange cryptocurrency for cash and pay using various payment options.
6. Bybit
Best for all levels of traders.
A sophisticated and user-friendly bitcoin trading platform is called Bybit. It offers competitive business depth & liquidity together with real-time market information. By safely storing your assets offline, it provides the utmost protection. It can offer round-the-clock, multilingual help. Both iOS and Android mobile platforms support the Bybit mobile app.
Features
- Bybit’s spot trading solution makes it possible to purchase and sell cryptocurrencies at the best rates with competitive market liquidity.
- Traders of any experience level can use the platform.
- To offer the most satisfactory trading experience, the platform is regularly updated with new assets and cutting-edge solutions.
- 59 fiat currencies are supported.
- The platform supports several payment options, including cash deposits, debit cards from Visa and MasterCard, and credit cards.
7. CoinSmart
Best for instant conversions from crypto to money.
With CoinSmart, you can both purchase and sell cryptocurrencies. You can buy them using credit cards, SEPA, wire transfers, e-transfers, and direct coin payments. There isn’t a derivatives market there.
Also supported by the exchange are fewer than 20 cryptocurrencies. Additionally, it is best to use limited advanced orders (limit and stop-loss options) while purchasing cryptocurrency with cash and exchanging cryptocurrency with others.
It is the most practical method of withdrawing cryptocurrency without a crypto Visa card. Convert the crypto you invested into Bitcoin and use a bank account to benefit from guaranteed same-day rewards in currency.
Features
- Same-day deposits that are ensured.
- Use a bank account to convert cryptocurrency to fiat. Your bank account receives payment the same day for the conversion of BTC to currency.
- Complete tracking of your trading activities and your portfolio.
- Owner’s wallet.
- With a credit or debit card has a $100 minimum and a $5,000 maximum. $100 to $3,000 using Interac e-Transfer, $500 to $5,000 with bank draught, $10,000 to $5,000,000 with bank wire.
8. Coinmama
Best for trading between fiat and cryptocurrencies.
Because it offers users a considerably more comprehensive variety of accessible payment options than the majority of the other applications on our list, Coinmama would undoubtedly fit this list. Bank, VISA, SEPA, MasterCard, Apple Pay, Google Pay, and Skrill can all be used to purchase cryptocurrency. While other methods, such as bank transfers, can take up to three days, buying cryptocurrency using credit and debit cards happens instantly.
Those who want to exchange cryptocurrency for cash must first exchange other coins for Bitcoins before using the exchange to withdraw money via the bank. Meanwhile, selling to fiat through bank accounts is only supported for Bitcoin. Coinmama is not compatible with the iOS, or Android software platforms is another negative. You can use the website if you want to utilize it on a mobile device.
Features
- When using credit cards, you can spend up to $5,000 daily. When making a purchase using a bank account, the cap is $15,000.
- Both offer a maximum of 5 and 10 trades each day.
- Buying cryptocurrency right away. Not a single crypto-to-crypto transfer.
FAQs
What is the top cryptocurrency trading app?
The best cryptocurrency trading applications include NAGA, Gemini, Crypto Pro, Block Fi, Binance, Kraken, Coinbase, Robinhood, and more. T tens of thousands of apps are available for trading cryptocurrencies, but the best offer minimal fees and security.
The most excellent cryptocurrency software should have the tightest spreads and accept various payment options. The finest apps for novices will support fiat trading.
Is crypto trading profitable?
Broadly, yes and no. It relies on the markets you trade in and your trading tactics. Price speculation and service provision account for the most profitable trade on cryptocurrency trading apps. To learn, you would need to conduct adequate research. Additionally, it is subject to market pressures, which have very erratic effects on price changes.
The most excellent crypto trading applications for making money are those that let you lower fees. They should also provide high liquidity and tight spreads.
How can I obtain crypto for nothing?
One approach is to sign up for airdrops, which most cryptocurrency trading apps and exchanges offer. Initial coin offerings are another place to look for airdrops when a cryptocurrency project is just getting started.
With most cryptocurrency trading apps, you may refer a friend and receive free cryptocurrency. You may also look at commissions for trading, where you get free cryptocurrency after trading a certain number of tokens.
What apps am I able to purchase with cryptocurrency?
Check out Cash App, Coinbase, eToro, NAGA, Robinhood, Gemini, and more trading applications.
Will Bitcoin make you wealthy?
Diversely, yes and no. Many people are now prosperous thanks to bitcoin. All required is a long-term commitment and a foundational understanding of markets and price trends. Bitcoin investors from four years ago, when the price was $6,000, are today extremely wealthy.
However, it is dependent on price changes, and investing in cryptocurrencies has the potential to make you poorer. To trade cryptocurrency, speculation is necessary.
Conclusion
A different option for making passive money at home is through the trading of digital currencies. Most individuals use mobile apps to trade cryptocurrency since they can do so while on the go. When selecting the best cryptocurrency trading app, consider the costs, spreads, acceptance of deposit options, and liquidity.
