Cryptocurrency trading has become increasingly accessible due to the iterative upgrades to the services offered by leading crypto exchanges and brokers. In fact, it is projected that the global cryptocurrency trading market will reach $4.94 billion by 2030, indicating a sustained demand for crypto trading. One of the most popular ways for investors to trade in the crypto market is through the use of mobile crypto apps which offer a seamless trading experience while on the go. This article reviews five of the best crypto trading apps available and provides a comprehensive analysis of their crucial features, pricing and fees, asset selection, trading tools, mobile app experience, safety and regulation, and customer service.
The top app for crypto investing in 2022 is eToro. eToro is a highly respected online trading platform with over 26 million clients worldwide, thanks to its high degree of safety as it is regulated by several regulators such as FINRA, ASIC, CySEC, and the FCA. The platform offers a transparent fee structure, allowing clients to purchase portions of a coin, and starting positions with just $10. In terms of trading features, eToro offers tools like CopyTrader which allows users to automatically copy trades placed by other eToro users. Also, Bitstamp provides an extensive security setup which includes biometric authentication, while Binance provides cryptocurrencies with low fees for users looking to purchase coins. Coinbase is ideal for newcomers to the crypto trading space as it offers a user-friendly trading experience through its browser-based app, Coinbase Pro. Finally, Crypto.com offers traders of all experience levels an appealing experience by providing over 250 coins to trade, a central trading hub, and a non-custodial wallet app which supports over 700 tokens.
Choosing the best app for crypto investing can be challenging, but investors must consider pricing and fees, asset selection, trading tools, mobile app experience, safety and regulation, and customer service when selecting a suitable platform. Fees are an essential consideration since they can impact profitability for active traders. Asset selection plays a crucial role in ensuring regular trade opportunities, while trading tools offer features like real-time price charts, technical indicators, order book information, and fundamental data. Mobile app experience is vital for those who spend most of their day on the go. Safety and regulation provide safeguards from cyberattacks because most crypto exchanges lack a stringent procedure for certifying new companies. Finally, customer service should also be considered, as even experienced traders will require assistance from time to time.
