Best Crypto Apps

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Best Crypto Apps

The post Best Crypto Apps by Logan Ross appeared first on Benzinga. Visit Benzinga to get more great content like this.

Want to jump straight to the answer? Some of the best crypto apps are eToro, Voyager, and BlockFi.

There are a ton of great crypto apps that can help retail investors stay on top of the 24/7 crypto markets. From exchanges to portfolio trackers, we’ve reviewed a ton of them. Get started with our review of the best crypto apps and find out what you can add to your suite of cryptocurrency tools.

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Best Cryptocurrency Exchange & Broker Apps

Cryptocurrency exchanges are the most common type of crypto app, and they allow you to buy and sell cryptocurrencies using USD, BTC, ETH and many other currencies. You can connect your bank account through ACH or use a credit or debit card to buy crypto on most exchanges.

Pionex

get started

securely through Pionex’s
website

Uphold

get started

securely through Uphold’s
website

Gemini Crypto

Invest In Crypto

securely through Gemini Crypto’s
website

More Details
Best For
New Investors
N/A
1 Minute Review

Gemini is a cryptocurrency exchange and custodian that offers investors access to over 100 coins and tokens. Founded in the US, Gemini is expanding globally, in particular into Europe and Asia. Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x.

Gemini is 1 of the only brokers with multiple platform options based on skill level. New investors will love the streamlined interface of Gemini’s mobile and web apps, while advanced investors might appreciate all the tools that come with ActiveTrader. 

In addition to a host of platform choices, Gemini users also have access to insured hot wallets to store tokens without worrying about digital asset theft. Learn more about what Gemini can do for you in our review.

Best For

  • New investors looking for a simple mobile and web app
  • Day traders looking to use technical analysis tools
  • Users looking for a 1-stop-shop to buy, sell and store all of their cryptos
Pros
  • Easy and quick signups — can get started in as little as a 5 minutes
  • Multitude of platforms to accommodate traders of all skill levels
  • Hot wallets include insurance to protect your from theft and hacking attempts
Cons
  • Charges both a commission and a convenience fee for users buying and selling through the desktop or mobile app

SimpleFX

get started

securely through SimpleFX’s
website

More Details
Best For
Crypto Holders
N/A
1 Minute Review

When investing with SimpleFX, you may choose any of the over 30 crypto and traditional fiat money accounts. With SimpleFX, you can stake your cryptocurrency with no minimums and earn high interest on your deposit. Stake & Trade is their unique ETH staking service. You can stake your ETH in SimpleFX’s pool and use the locked fund for trading. They support Lightning Network for BTC, TRON, and BSC payments for Tether and other cryptos. Affiliates can earn up to 50% lifetime revenue share.

Best For

  • Mobile traders
  • Crypto holders
Pros
  • Stake&Trade accounts
  • TRON, BSC, LN payments
  • Over 50 crypto and fiat accounts
Cons
  • Not available in several countries (IP block)
  • Some exotic cryptocurrencies and stocks aren’t listed

Interactive Broker

get started

securely through Interactive Broker’s
website

More Details
Best For
Low Fees
N/A
1 Minute Review

Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 135 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.  

IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.

Best For

  • Detailed mobile app that makes trading simple
  • Wide range of available account types and tradable assets
Pros
  • Mobile app mirrors full capabilities of desktop version
  • Easy-to-use and enhanced screening options are better than ever
Cons
  • Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources

Best Cryptocurrency Wallet Apps

A crypto wallet stores the private key needed to unlock funds from your wallet address on the blockchain. Most expert traders don’t recommend holding your coins in an exchange if you don’t plan on using them for day trading. Best practice would be using a hardware wallet like the Ledger Nano X or the Trezor T for long term positions. Ledger is a physical device, but it also offers a mobile app for increased functionality.

If you plan on actively using crypto, then a hot wallet app like ZenGo or MetaMask may be a better option. Just note that hot wallets are not meant to store your life savings, as they aren’t as secure as hardware wallets.

To check the balance of your funds stored on the hardware wallet, a crypto portfolio tracker can satisfy cravings to check your crypto, but we’ll get to that later. For now, you’ll want to set yourself up with a wallet that lets you control your private keys, unlike an exchange. Funds kept in an exchange wallet are more vulnerable to hacks, and the exchanges often do not provide you with your own private key – meaning the funds are not truly yours in the case of an emergency.

Hybrid Wallets

A hybrid wallet gives you software access so that you can store your coins and save for the future. With the Exodus Bitcoin & Crypto Wallet, you can link to your Trezor wallet, earn interest on the coins you’ve stored and choose between the desktop and mobile apps. To get the most utility out of your cryptocurrency, a hybrid wallet is often the best choice.

Exodus Wallet

get started

securely through Exodus Wallet’s
website

More Details
Best For
Staking Crypto + Earning Rewards
N/A
1 Minute Review

Founded in 2015, Exodus is a multiasset software wallet that removes the geek requirement and keeps design a priority to make cryptocurrency and digital assets easy for everyone. Available for desktop and mobile, Exodus allows users to secure, manage and exchange cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and more across an industry-leading 10,000-plus asset pairs from a beautiful, easy-to-use wallet. The noncustodial functionality is encrypted locally on users’ own devices, ensuring privacy, security and complete control over their wealth. Exodus is on a mission to empower half the world to exit the traditional finance system by 2030.

Best For

  • Newcomers to the cryptocurrency world
  • Ease of use
  • Trezor integration
Pros
  • Free
  • Huge selection of cryptocurrencies
  • Excellent 24/7 customer support
  • No personal info needed
Cons
  • FTX app not available on the mobile app

ZenGo

Secure Your Crypto

securely through ZenGo’s
website

More Details
Best For
Quick Purchases
N/A
1 Minute Review

ZenGo Wallet is a non-custodial mobile cryptocurrency wallet that replaces the use of private keys in favor of facial recognition technology. This feature means there is no single point of failure and no risk of losing your coins in the event of a hacking or wallet loss. It’s an interesting new means of dispensing with seed phrases or codes while accessing a range of features for cryptocurrency holders and users. 

You can buy, trade, send and receive crypto directly from the ZenGo wallet. If you are looking for a mobile crypto wallet to trade, send and buy over 70 coins as well as earn interest in Bitcoin, ZenGo has got you covered.

Best For

  • Simple cryptocurrency management
  • Making quick purchases
  • Next-generation security protocols
Pros
  • A high quality mobile crypto trading application
  • Free Bitcoin and bonuses
  • 3FA security features
Cons
  • The keyless technology can be confusing for crypto beginners
  • ZenGo is available everywhere, however buying/selling is not

Best Crypto Portfolio Tracker Apps

A cryptocurrency tracker is a type of app that shows your real-time information on cryptocurrency prices. Any exchange will feature this information but having an individual tracker app can also be beneficial. This especially the case if you don’t hold your funds on an exchange, as you won’t be able to see your crypto holdings if this is the case.

For example, if you prefer to store your crypto in a hardware wallet but you still want to keep up with price movements throughout the day, choosing a simple tracker app is less complicated than signing up for an exchange. 

CoinStats

get started

securely through CoinStats’s
website

More Details
Best For
Enhanced Security Measures
N/A
1 Minute Review

CoinStats provides powerful and unique insights into users’ crypto portfolios. The site offers several features, including transaction analytics, instant notifications and fast trading. Users can connect their favorite wallets and exchanges within minutes and begin using the platform.

The site also offers up-to-date news to keep traders informed. This news is created by the CoinStats team and can help traders make better investments with a more thorough knowledge of the markets. CoinStats also collects news from over 40 sources to provide a powerful information service for its users.

Best For

  • Crypto traders using several exchanges
  • Conducting advanced crypto research
  • Enhanced security measures
Pros
  • Military-grade encryption of crypto assets
  • Earn up to 20% APY by staking
  • Allows traders to simplify their crypto portfolios
  • Live cryptocurrency price data
Cons
  • Pro and premium features require a paid subscription
  • Advanced features can be confusing for some beginners

Sharesight

get started

securely through Sharesight’s
website

More Details
Best For
International Investors
N/A
1 Minute Review

If you have multiple investment or brokerage accounts, it can be difficult to keep track of how your investments are actually performing — and where you can afford to trim the fat. Enter Sharesight, a comprehensive portfolio tracker that allows you to keep tabs on all of your investments in 1 simple spot. Track cash, stocks, mutual funds, cryptocurrencies and much more on Sharesight’s intuitive platform.

Getting started with Sharesight is exceptionally simple, which can be a major asset for new investors or investors who are managing their own accounts for the first time. Though Sharesight might not be all-inclusive when it comes to American brokerages, it can be an excellent choice for international investors searching for an easier solution to asset management.

Best For

  • International investors with multiple Oceanic or European brokerage accounts
  • Investors who want to automatically track the value of their cryptocurrencies
  • Investors who are searching for a simplified portfolio tracker suitable for beginners
Pros
  • Advanced reporting options make it easier to track how your investments are performing on a daily, weekly, monthly and yearly basis.
  • Unique tax reporting tools allow you to set your own tax residency and the end of your tax year.
  • A free trial allows you to test out Sharesight’s features with up to 10 holdings before making a commitment to a premium plan.
  • The software tracks 8 major cryptocurrencies as assets.
Cons
  • Only supports 8 major cryptos

Kubera

get started

securely through Kubera’s
website

More Details
Best For
Portfolio tracking
N/A
1 Minute Review

If you’ve tried to keep track of all your financial assets, investments, cryptocurrencies, credit card debt, mortgages, auto loans, real estate etc. and their values in order to get an accurate net worth, then you know how difficult it can be to keep current.  Kubera is a revolutionary online service that lets you track all of your assets in one place.

Best For

  • Those who want an online only service
  • Investors to track assets
Pros
  • Tracks cryptocurrencies, as well as traditional investments.
  • Connects to over 20,000 different banks worldwide.
  • Values assets like your home, car and Internet domains.
  • “Dead man’s switch” feature lets you leave access to your beneficiary.
Cons
  • No mobile app currently available.

Delta Crypto

Download for free

securely through Delta Crypto’s
website

More Details
Best For
Beginners & sophisticated investors
N/A
1 Minute Review

Delta crypto tracker is an iOS and Android app that keeps track of your cryptocurrency holdings and trades in real-time on your mobile device. Delta was started in October 2017 and sold to eToro in November 2019. 

The Delta crypto tracker app is highly rated as the best and most intuitive app of its kind, both for its functionality and its interface. The app monitors the latest values of Bitcoin, Litecoin, Ethereum and over 7,000 altcoins and charts cryptocurrencies and your positions in your local fiat currency. You can set alerts on the app and keep track of cryptocurrency news on the app’s news feed so you don’t miss out on any potential trading opportunities. 

The app has support from more than 300 cryptocurrency exchanges and includes a portfolio manager that keeps track of your cryptocurrency portfolio’s value with its profit/loss shown for the last hour, the previous 24-hour period, the last week or since you began trading. The portfolio manager also generates a personal portfolio graph where you can see the progress of your positions in BTC, ETH or any fiat or cryptocurrency. 

Delta crypto tracker also allows you to set up unlimited different crypto portfolios that let you track portfolios from different owners or that use different strategies. The app gives you a detailed overview of asset splits, sources and locations, the most used exchanges and the status of your positions. 

Delta crypto also lets you customize your own personalized watchlists and market overview, and the app automatically generates personalized notifications based on your behavior using it. If you use several devices for your trading, Delta crypto lets free users keep 2 devices in sync, while PRO users can have as many as 5 devices synced.

Best For

  • Cryptocurrency traders with multiple portfolios
  • Frequent crypto traders
  • Those who require detailed cryptocurrency market and portfolio analysis on-the-go
Pros
  • Over 7,000 supported cryptocurrencies
  • Multiple crypto portfolio tracking capability
  • Simple setup for connecting wallets and exchanges
  • Personalized notifications and watchlists
  • Companion desktop version for Windows, Mac and Linux OS
Cons
  • PRO upgrade somewhat costly
  • Buy/sell prices not auto-populated when entering new trades

Best Crypto Lending Platforms

Crypto lending platforms allow you to earn interest on your digital assets passively, making it a great option for long-term investors. While decentralized apps let you earn interest on crypto, they require cryptocurrency wallets and typically charge high transaction (gas) fees. Generally speaking, it’s easier for beginners to get started earning interest on crypto through a centralized platform, such as Voyager, Hodlnaut and Celsius.

Hodlnaut offers competitive interest rates that are multiples higher than a traditional savings account. It’s important to note that interest is paid in the cryptocurrency you fund your account with, so your USD returns are subject to the volatility of the digital asset you provide. For example, Hodlnaut pays up to 6.5% interest on Bitcoin, but if Bitcoin falls more than 6.5% during the year you earn this interest, then your USD returns will be negative. Conversely, if Bitcoin doubles over the course of the year, you’ll earn a much higher return than 6.5% on your investment.

If you are risk-averse, Hodlnaut offers interest bearing stablecoins. These stablecoins are pegged to the value of the dollar, eliminating the volatility of typical cryptocurrencies. Hodlnaut pays out up to 12.73% APY on stablecoins, as compared to the national average savings rate of 0.04%, according to the FDIC.

Voyager

claim free Bitcoin

securely through Voyager’s
website

More Details
Disclosure: *Other fees may apply.
Best For
Mobile Traders
N/A
1 Minute Review

Voyager is a leading name in the sphere of cryptocurrency investing, giving you access to over 50 tokens and coins. Buy, sell and swap assets using Voyager Crypto’s simple mobile platform available as a free download for iOS and Android users. 

When you invest through Voyager, you’ll pay nothing in commissions, which is a major benefit when compared to other cryptocurrency brokers. Voyager is also one of the only brokers we’ve seen that allows users to earn interest on their crypto investments. 

Though the broker could do more to improve its customer service, it’s an excellent option for beginner investors and seasoned professionals alike.

Best For

  • Cryptocurrency investors looking for a wide selection of supported projects.
  • Investors who prefer mobile trading.
  • Anyone interested in earning interest on their crypto investments.
Pros
  • Simple, straightforward and intuitive mobile platform
  • Wealth of investment opportunities
  • Allows users to earn interest on select crypto investments
Cons
  • Only available for mobile users — no desktop platform
  • Limited routes to contact customer service team

Celsius

get started

securely through Celsius’s
website

More Details
Best For
crypto loans
N/A
1 Minute Review

Celsius Network is a platform that allows you to buy, borrow and pay in more than 30 cryptocurrencies. 

From a user perspective, it acts as something in-between a savings account and an investment portfolio. Users can also receive undercollateralized loans on their crypto assets thanks to a level of centralization. 

The risk that usually comes with trading crypto is lower, however, thanks to Celsius’ unique business model. All deposits are insured up to $100 million and there are no withdrawal limitations, fees or lockup periods so you can cash out whenever you need to, as soon as you need to. 

Overall, Celsius Network offers a lower risk, less complicated way for both beginners and HODLers to buy and hold crypto while earning steady returns on their investments.

Best For

  • Passive income
  • Crypto investors
  • Beginners
Pros
  • Rewards of up to 15% APY paid out weekly
  • Easy-to-use mobile platform
  • Available in over 100 countries
  • Instant, fee-free payments using CelPay
  • Great loyalty program
Cons
  • Minimal educational resources
  • Limited cryptocurrencies
  • Centralized

Hodlnaut

get started

securely through Hodlnaut’s
website

More Details
Best For
Crypto owners who don’t want to be active investors
N/A
1 Minute Review

Hodlnaut’s stated mission is to help individual investors get the most out of their cryptocurrencies. The company partners with institutions like Fireblocks, Jumio, Nexus Mutual and Okcoin to make stable crypto investing possible.

Best For

  • Anyone who wants to save for the future
  • Crypto owners who don’t want to be active investors
  • Investors looking to diversify their portfolios
Pros
  • Quality interest rates for savings accounts
  • Easy navigation and a powerful mobile app
  • Information for the novice crypto owner up to the advanced trader
Cons
  • Not FDIC or SIPC insured
  • Customer service team isn’t available via phone

Types of Crypto Applications

There are a handful of tools that can simplify the life of a crypto trader or investor. The major categories that we’ll cover in this guide are exchanges, wallets and portfolio trackers. If you’re completely new to cryptocurrency, the video below will help you get ready to use the best crypto apps. The 1st crypto app you’ll need on your phone is an exchange, as this is how you’ll be able to onboard cash to cryptocurrency.

What to Look for in a Cryptocurrency App

No matter which type of cryptocurrency app you need, there are a few things you should look for when you compare all of your options. 

High-Level Security

Bitcoin and other cryptocurrency transactions are difficult to trace. Once you initiate a transaction between wallets, it’s virtually impossible to cancel or get your money back. Due to the decentralized nature of the blockchain, it’s also very hard to tell who owns which wallet. Some companies are dedicated to connecting investors’ identities to crypto wallets, such as Chainalysis.

An unauthorized transaction from your exchange could have gone down the street or all the way to Australia — there’s no way to tell exactly who’s responsible. This makes cryptocurrency the perfect market for criminals, hackers and scammers. Before you download any exchange or wallet app, review the company’s safety features. Look for 2-factor authentication and back-end encryption to keep your coins as safe as possible. 2 Exchanges that stand out thanks to their security are MoneyLion and IBKR Crypto.

Real-Time Data

Cryptocurrency markets are always moving. It’s possible to go to sleep and see a single coin skyrocket by 25% — or lose half of its value. Keeping your finger on the pulse of the cryptocurrency market means up-to-date, minute-by-minute information because crypto data becomes obsolete much faster than information on stocks or fiat currencies.

Whether you want a comprehensive cryptocurrency trading platform or a simple tracker that lets you know how your favorite coins are doing, look for real-time data and information. This ensures that you’re not using outdated information to inform your trading and investing decisions. 

Decentralized Applications (dApps)

If you’re an intermediate or advanced user of cryptocurrency, you probably have taken advantages of decentralized apps on Ethereum, Avalanche, or Solana. Decentralized applications are built directly on the blockchain and are peer-to-peer services facilitated by smart contracts. dApps have many advantages over normal crypto apps, such as security, anonymity and efficiency. dApps like Aave and Curve let investors earn high interest rates for staking crypto on Ethereum’s blockchain.

Get Started in Crypto

It’s never been easier to get started investing in cryptocurrency. Cryptocurrencies are the new frontier of finance, but it’s important to remember that the realm of cryptocurrency is also very volatile. Many cryptocurrencies are decentralized by nature, giving them a shot at becoming a true “people’s currency”.

Remember to only invest what you’re prepared to lose and diversify your portfolio if you’re planning to buy and sell cryptocurrency. Want to learn more about crypto trading? Check out Benzinga’s guides to the best crypto exchanges, the best bitcoin wallets and how to file cryptocurrency taxes.

The post Best Crypto Apps by Logan Ross appeared first on Benzinga. Visit Benzinga to get more great content like this.