Best Cryptocurrency Apps
If you're looking for a safe and easy way to trade or buy cryptocurrencies, you're on the right page. In this guide, we'll present some of the best cryptocurrency apps in 2023 that you can use to manage and trade your digital assets.
We'll discuss what crypto apps are and how they work. Moreover, we'll take a closer look at a couple of them and discuss their advantages and disadvantages. Keep reading in case you are planning to invest in cryptocurrency and looking for the best crypto apps.
Best Apps to Buy Cryptocurrency in 2023
Our team of crypto experts have created a list of the best apps you can use to purchase crypto assets, such as Bitcoin or Ethereum and other best coins to invest in. All the sites on this list have been tested by us and offer high-end security, a user-friendly interface, and plenty of essential options for a complete experience to trade or buy cryptocurrency. You'll find our table of the best crypto apps below.
What Are Cryptocurrency Apps?
Cryptocurrency apps refer to applications that allow us to trade and manage cryptocurrencies. For instance, you can refer to a standard centralized cryptocurrency exchange as an application. Apart from exchanges, there are brokers, wallets, Decentralised Finance (DeFi) apps, non-fungible token (NFT) marketplaces, Dapps and more.
These apps can either be browser-based or standalone programs. The former will allow you to access the application directly through your internet browser, and chances are you may even be able to access them on both your PC and mobile device. On the other hand, you will need to download standalone apps – and you'll usually do this from a dedicated app store.
Ways to Buy Crypto With Apps
There are many ways to buy cryptocurrencies, depending on the type of app you want to use. Some will let you purchase currencies with other crypto coins, whereas you can use fiat currencies on others.
Apps will often include various payment methods, including bank transfers and debit cards.
Buying Crypto With a Crypto Exchange App
If you opt to use a cryptocurrency exchange, you first need to see whether the platform you want to use is centralized or decentralized. The difference is that centralized exchanges accept fiat currencies but have stricter KYC procedures, meaning that you'll have to enter your personal information – such as proving your address. On the other hand, decentralized crypto exchanges will help you exchange only cryptocurrencies, but they tend to be less user-friendly and less strict on KYC processes.
To buy with either, you'll have to deposit the currency you wish to sell and find the one you'd like to purchase. Some exchanges are more oriented towards professional traders and include more trading options, which we suggest learning before opening a crypto exchange account. Then again, there are plenty of beginner-friendly exchanges that will help you buy Bitcoin or any other available cryptocurrencies in a couple of easy steps.
Buying Crypto Through a Broker
Online cryptocurrency brokers are somewhat different from crypto exchanges, as the broker acts like an intermediary offering various services. Unlike exchanges, where you need to deposit a currency you'd like to trade, brokers allow you to deposit collateral in crypto that's not part of your trading pair. For instance, you can deposit Bitcoin as collateral while trading Ethereum with Litecoin.
There are several other significant differences from an exchange that we recommend considering if you're not sure whether to use a crypto exchange or a broker app.
Buying Crypto With a Wallet
Some cryptocurrency apps are wallets, meaning they can store your digital funds safely and securely. Wallets cannot help you buy crypto — at least not all wallets. Some crypto wallets have a built-in crypto exchange, meaning you can purchase crypto from the same app where you store it. In fact, some of the most popular crypto exchange apps also offer a built-in or standalone wallet app for you to use.Read More About Cryptocurrency Wallets
Other Ways to Buy Crypto
With the expansion of the DeFi space, many new apps provide plenty of opportunities to increase your cryptocurrency wealth. For example, some applications will let you stake your coins and earn profit that way, while others will allow you to lend your crypto and gain a return on interest.
What Are the Best Crypto Apps in 2023?
Let's take a look at the three cryptocurrency apps that are considered the current market leaders.
Binance: The Largest Cryptocurrency Exchange
Binance is currently one of the most popular cryptocurrency exchange platforms in the world. The app offers a wide array of other services besides trading, including a Binance Visa Card, staking, savings, Binance Smart Pool, crypto loans, and more.
It's also one of the most comprehensive apps, offering an easy registration process and a user-friendly interface. Mind you, it might take some time to explore the platform, especially if you're new to cryptocurrency trading.
Exodus: The Best Crypto Wallet App for Beginners
Exodus is an excellent cryptocurrency hot wallet that can store more than a hundred different cryptos in a single place. Therefore, it's much easier to manage your digital coins with Exodus, especially if you want to acquire many different ones. On top of that, Exodus features a built-in portfolio and trade functions, which means you can easily swap between the available cryptocurrencies and even track gains and losses.
Uniswap: The Best DeFi Crypto Trading App
Uniswap is also a cryptocurrency exchange, much like Binance, except it's completely decentralized and features the automated market maker (AMM). It means you can also stake your coins and create crypto trading pools to make low-liquidity trading pairs easily tradeable. Unlike many crypto platforms, Uniswap is entirely decentralized and doesn't require you to open an account or leave any sensitive data on the site.
Interactive Brokers: Popular Broker Now Includes Crypto
Interactive Brokers is an online broker platform that lets you use brokerage services for all kinds of non-crypto currency assets. It's one of the most popular brokers globally, and it has introduced crypto trading recently. Even though this feature is new, Interactive Brokers has already attracted plenty of crypto users.
What Are the Benefits of Cryptocurrency Apps?
Since there are many different cryptocurrency apps, it's challenging to discuss their benefits, as they vastly differ depending on what the crypto app is for. Still, our team of experts paid attention that no matter which crypto app you pick from this page, you'll get some of the following benefits.
All apps featured on this page have state-of-the-art security protocols, which means your cryptos will be safe and sound no matter which crypto app you select.
Easy registration process
Most apps feature an easy and quick registration procedure, meaning you can start buying, selling, or storing cryptos in no time. This only applies to apps that actually require registration, such as centralised exchanges.
Most apps on this page are user-friendly and allow users to customise them up to a certain extent and adjust them to their needs.
Plenty of trading options
Apart from standard P2P trading, most apps offer many options and features to help you trade cryptocurrencies.
Suitable for beginners and experts
Since most applications offer crypto trading, we ensured they are ideal for beginners and experienced users.
Design plays an essential role in user experience. Apart from making the apps look better, it also contributes to the overall experience for traders, and all apps featured on this page are visually effective.
What Are the Drawbacks of Buying Cryptocurrency Through Apps?
Once again, the drawbacks listed below cannot apply to all cryptocurrency apps out there, but they are often common issues that many apps are struggling with. In other words, you won't necessarily encounter all the drawbacks we'll describe below, but you should be aware of them.
Available only on one device
Many apps are available just for one device. For instance, if the wallet is available only for Android, you won't be able to use it on your Windows device.
Some payment methods/cryptocurrencies are lacking
No app is perfect. You'll likely find at least one fiat payment method or a cryptocurrency not being included in the crypto app of your choice, so it's worth looking for one that offers what you want.
The majority of apps featured in this guide are centralised, which means you'll not be able to enjoy the complete anonymity that many crypto users strive towards. However, some decentralised apps do not have this drawback.
Things to Consider When Using Cryptocurrency Apps
Choosing the best cryptocurrency app to buy cryptocurrency is the easy part. Once you start using them, you need to consider a couple of things to maximize your experience.
The Type of App:
First of all, you need to determine which type of crypto app you want to use before actually using it. Are you looking for a wallet/exchange/broker/etc.?
Make sure that the crypto app accepts the cryptocurrencies you plan to buy/use.
If you're using a crypto exchange app, you want to check whether it's centralised or decentralised, as this can affect your trading experience.
Almost all cryptocurrency apps charge some fees such as trading fees or network fees, especially exchanges and brokers. Make sure to check them before starting to use them.
There are various trading limits in crypto apps, and you should check them before engaging in trading.
Available Trading Options:
It's no secret that some apps have more trading options than others. However, beginners might find these complicated and prefer to go for something more simple.
We encourage you to check various forums, professional reviews, user reviews, and more to learn more about the overall reputation of the cryptocurrency app you're going to use.
Alternative Ways to Buy Cryptocurrency
So far, we've mentioned several ways that you can buy cryptocurrencies. These are all different business models that allow you to acquire crypto, and most of them are available in the form of an app. Here's a list of the most popular models:
Centralised cryptocurrency exchanges
Decentralised cryptocurrency exchanges
DeFi crypto platforms
Crypto wallets with the trading feature
But, there are several ways you can buy cryptos or even obtain them for free, so here's a quick overview.
Ask someone (ideally a friend) to send you cryptocurrency to your wallet and offer something in return (or if they're willing to give you a gift, why not?).
Ask your employer or client to pay you in cryptocurrencies.
Look out for cryptocurrency airdrops
Learn about various DeFi apps that offer different opportunities to buy and earn cryptos
Final Thoughts About Cryptocurrency Apps
To sum up, cryptocurrency applications come in various shapes and sizes, and it's up to you to pick the one that meets your needs. Hopefully, our guide helped you choose the right app for you. If there are still things that aren't clear, make sure to check out the FAQ section below.