Top 8 Crypto Apps for iOS and Android to Use in 2024

The crypto market has grown a lot in the last few years. As a result, crypto enthusiasts now have a wide range of apps they can take advantage of, no matter whether they want to buy a new NFT, exchange Bitcoin Cash for DOGE, buy Bitcoin, or earn interest on their digital assets. However, not all cryptocurrency apps are equally good: some have horrible UI, some charge outrageous fees, and others are outright scams.

Combing through all the apps available on the App Store and Google Play can be quite a daunting task. While all crypto investment apps claim that they’re the best, not all of them can provide their users with high-quality and reliable service. In this article, I will take a look at some of the best crypto trading platforms and apps out there.

What Types of Crypto Apps Are There?

Mobile apps play a huge role in today’s world, and the crypto market is no exception. Beyond the usual wallets, which are essential for day-to-day management of digital assets, there also exists a broad ecosystem of crypto apps designed to enhance user experience in the crypto space.

Exchange and trading apps provide platforms where individuals can buy, sell, and trade a wide array of cryptocurrencies. These apps are engineered with features that cater to both novice and experienced traders, offering real-time market data, chart analysis tools, and even social trading options where users can mimic the trades of successful investors. These apps are indispensable for those actively participating in the market as they provide seamless access to global cryptocurrency exchanges.

Decentralized Finance (DeFi) apps have recently gained a lot of traction, introducing users to the world of decentralized banking services. These apps offer a variety of financial services, including but not limited to lending, borrowing, earning interest on cryptocurrency deposits, and participating in liquidity pools. For those looking to explore beyond mere trading and holding, DeFi apps present opportunities to engage with innovative financial services within the blockchain ecosystem.

Portfolio trackers are another essential type of crypto app, enabling investors to monitor their investments across various platforms. These apps aggregate real-time information on portfolio performance, asset distribution, and market trends, helping users make informed decisions. They often include alerts for price changes and news updates and provide analytical tools to assess investment performance over time. For investors with a diverse range of assets, portfolio trackers offer a comprehensive overview of their crypto holdings.

There are a lot of different crypto apps that make it possible for users to fulfill all their cryptocurrency needs without having to own a PC. Whether you’re a casual user looking to manage digital assets, an avid trader in pursuit of market opportunities, or an explorer of the decentralized finance realm, there’s a crypto app designed to meet your needs. Here are some of the best crypto apps available for iOS and Android right now.

Coinbase – One of The Biggest Crypto Trading Platforms

Coinbase app logo

Coinbase is one of the leading cryptocurrency exchanges, widely recognized for its user-friendly interface and extensive support for various crypto assets. It’s an ideal platform for cryptocurrency traders looking for convenience and a straightforward way to convert one cryptocurrency to another. With support for more than 200 cryptocurrencies and over 400 crypto-to-crypto trading pairs, Coinbase caters to a wide range of users, from beginners to advanced traders.

Pros

  • Quick Withdrawals: Coinbase allows immediate withdrawals of crypto after purchase with fiat currency, a feature that is particularly useful for users looking to engage with decentralized apps and other external services.
  • Security Measures: The platform employs robust security measures, including 98% of assets in cold storage, insurance coverage, and 2-step verification, ensuring a high level of safety for user assets.
  • Regulatory Compliance: Coinbase is fully licensed and compliant with US regulations: it is registered with FinCEN and adheres to international Anti Money Laundering and KYC regulations, providing a secure and trustworthy platform for users.

Cons

  • Legal and Regulatory Challenges: As the largest U.S.-based crypto exchange, Coinbase faces ongoing scrutiny and regulatory challenges, including a complaint by the U.S. Securities and Exchange Commission accusing it of dealing in unregistered securities.
  • Trading Fees: Coinbase’s fee structure can be complex. The fees can be higher and difficult to predict in advance since they vary depending on the payment method, cryptocurrency type, transaction size, and platform, which might deter fee-sensitive traders.
  • Geographical Limitations: While Coinbase operates in over 100 countries, it restricts services in areas where local laws are unclear about crypto trading or in countries facing economic sanctions, which could limit access for some users.

Binance Lite – Straightforward and Easy-to-Use Crypto Exchange

Binance app logo

Binance Lite is a streamlined version of the Binance app, designed with simplicity in mind for those new to the world of cryptocurrencies. It offers a user-friendly interface that simplifies the process of buying, selling, and trading digital currencies, making it an excellent choice for casual users and newcomers. By focusing on the essentials, Binance Lite reduces the complexity often associated with crypto trades, offering a straightforward path for users to engage with digital currencies. With support for popular payment methods like debit cards, Binance Lite provides an accessible gateway into the crypto market.

Pros

  • Simplicity and Ease of Use: Binance Lite’s interface is designed to be intuitive, making it ideal for beginners who may find the full-fledged version of the Binance app overwhelming.
  • Quick Transactions: Users can quickly buy and sell digital currencies using their debit cards, offering convenience and immediacy in transactions.
  • Security: As a product of Binance, one of the world’s leading centralized exchanges, Binance Lite benefits from the robust security measures and infrastructure that Binance is known for, ensuring a safe environment for conducting crypto trades.

Cons

  • Limited Features: While its simplicity is a significant advantage, Binance Lite’s streamlined approach means it lacks some of the advanced features and tools found in the full version of the app, which may deter more experienced traders.
  • Higher Fees for Simplicity: Users might encounter higher trading fees in exchange for the convenience and simplicity of using Binance Lite, compared to what they might pay on the full Binance platform or other exchanges that offer more competitive rates.
  • Restricted Asset Range: Binance Lite may have a more limited selection of digital currencies than its parent app, potentially limiting users’ exposure to a broader range of crypto assets and investment opportunities.

Robinhood – The Best Crypto Trading Platform

Robinhood app logo

Robinhood has positioned itself as a popular choice for beginner and intermediate investors, offering a straightforward, user-friendly platform for trading digital currencies with advanced trading features. Its commission-free trading model is particularly appealing to those looking to buy and sell cryptocurrencies without incurring high transaction fees. Robinhood supports trading in over 15 cryptocurrencies, including major names like Bitcoin, Ethereum, Dogecoin, and Litecoin, making it a viable platform for a wide range of crypto investors​​​​.

Pros

  • Commission-Free Trades: Robinhood allows users to trade cryptocurrencies without paying any fees, making it an attractive option for cost-conscious traders​​.
  • Instant Deposits: Robinhood offers immediate access to deposited funds, enabling quick entry into the market​​.
  • Security Measures: Adhering to regulatory requirements and implementing robust security protocols, Robinhood ensures the safety of user funds and personal information​​.

Cons

  • Limited Cryptocurrency Selection: While Robinhood supports a variety of cryptocurrencies, its selection is limited compared to other exchanges, which might not suffice for experienced traders looking for a broader range​​.
  • Availability Issues: Robinhood Crypto is unavailable in some states, which could restrict access for potential users in regions like Nevada and Hawaii​​.
  • Separation of Accounts: Robinhood Financial and Robinhood Crypto are treated as separate entities, meaning stocks and cryptos are held in distinct accounts, which could be a downside for users seeking a unified portfolio​​.

MetaMask – The Best Crypto Wallet App for ETH and Tokens

MetaMask app logo

MetaMask is a versatile crypto wallet app designed for managing, receiving, and transferring a wide range of cryptocurrencies and tokens, including Ethereum (ETH) and ERC-20 tokens. Available as both a browser extension and a mobile application, MetaMask caters to a broad spectrum of users, from those new to the world of digital currencies to seasoned crypto investors and developers looking for an easy interface to interact with decentralized applications (dApps) and Web3.

Pros

  • User-Friendly Interface: Its intuitive design makes it accessible for beginners while providing advanced features, such as direct interaction with decentralized exchanges for trading, for experienced users.
  • Enhanced Security: Even though it operates as a hot wallet, MetaMask employs high-security standards, including encrypted private keys stored locally on the user’s device, adding an extra layer of security compared to traditional web wallets.
  • Decentralized Finance (DeFi) Access: MetaMask provides seamless access to DeFi platforms, allowing users to lend, borrow, or earn interest on their crypto assets directly from the wallet.

Cons

  • Primarily Ethereum-focused: Its main limitation is its focus on Ethereum-based assets, which might not be suitable for users looking to deal with a broader range of cryptocurrencies or those interested in cold wallets for long-term storage.
  • Potential for Phishing Attacks: Because it’s a hot wallet, MetaMask users must be vigilant about online security threats, such as phishing attacks, which are more common with browser-based wallets.
  • Network Fees: Users need to manage Ethereum’s gas fees, which can vary widely and impact the cost-effectiveness of transactions, especially during periods of high network congestion.

Changelly – The Best Crypto App for Beginners

Changelly app logo

Changelly is a standout crypto-to-crypto and fiat-to-crypto exchange platform that has garnered attention thanks to its straightforward and user-friendly approach, making it an excellent choice for beginners in the cryptocurrency space. More experienced users might appreciate a wide selection of cryptocurrencies that other exchanges may lack. Besides, Changelly makes it possible to exchange crypto at fixed rates — this is a special feature that “locks” the price of a crypto coin or token for a limited time.

Pros

  • User Interface: Changelly boasts a stripped-down, no-frills user interface that simplifies transactions, making it particularly appealing for users who are new to cryptocurrency exchanges.
  • Wide Selection of Cryptocurrencies: With support for over 500 cryptocurrencies, Changelly offers users a broad spectrum of digital assets for trading, ensuring that users have access to a wide range of industries and asset types.
  • Versatility in Payment Methods: The platform supports many payment methods, including credit card deposits. This variety enhances its accessibility to users across different regions.

Cons

  • Third-Party Fiat Transactions: Users looking to purchase cryptocurrencies with fiat currencies are redirected to third-party services that have their own KYC procedures and might differ in asset availability based on the user’s location.
  • Non-Custodial Wallet Requirement: To utilize Changelly, users must have a non-custodial wallet set up for each blockchain they intend to trade on, which might pose a challenge for those unfamiliar with the process.
  • Limited U.S. Availability: Changelly’s services are not accessible to residents of certain U.S. states, so its reach within the country is limited.

Exodus – The Best Overall Mobile Crypto Wallet App

Exodus app logo

Exodus is a highly versatile crypto wallet app designed for those moving away from major exchanges yet seeking easy access to their digital currencies. Its compatibility across desktop, mobile, and browser extensions caters to a wide user base, from casual users to avid crypto traders. Exodus supports over 250 cryptocurrencies, so it is quite suitable for managing a diverse portfolio of digital assets. Its integration with hardware wallets like Trezor enhances its appeal to security-conscious users, offering an added layer of protection for their virtual currency holdings​​​​​​.

Pros

  • User-Friendly Interface: Exodus is celebrated for its intuitive design that allows for straightforward management of cryptocurrencies, complete with trading, staking, and investment tracking features.
  • Enhanced Security Measures: Through encryption of private keys directly on the user’s device and optional integration with Trezor hardware wallets, Exodus prioritizes the security of user assets.
  • Privacy and Anonymity: The wallet does not require personal information for setup, maintaining users’ privacy and supporting anonymous transactions.

Cons

  • Lack of Two-Factor Authentication: Exodus opts out of traditional two-factor authentication methods to prioritize user privacy, which might raise concerns among users looking for additional security layers.
  • Software Wallet Risks: As a software wallet, Exodus is subject to the inherent risks of internet-connected devices, which makes it potentially less secure than cold (offline) wallets.
  • Limited Transparency: The wallet’s code is not fully open-source, and the lack of transparency regarding its backend exchange operations may concern some users.

Uniswap – The Best Decentralized Cryptocurrency Exchange

Uniswap app logo

Uniswap has long since solidified its reputation as a leading decentralized crypto exchange (DEX) on the Ethereum blockchain. This cryptocurrency trading platform offers users the ability to trade a wide array of ERC-20 tokens without the need for a traditional account setup. Its user-friendly interface and integration with various wallets make it accessible to a broad audience, from casual users to avid traders deeply embedded in the decentralized finance (DeFi) realm.

Pros

  • Liquidity and Volume: Uniswap — a go-to platform for users looking for efficient trades​​ — boasts large liquidity pools, facilitating large-volume trades with minimal price impact.
  • Decentralization and Security: As a DEX, Uniswap offers a highly decentralized and secure solution where users retain control over their private keys and funds
  • Innovative Features: Uniswap continues to evolve, with versions 2 and 3 introducing features like ERC-20 to ERC-20 trading pairs, concentrated liquidity, and multiple fee tiers for liquidity providers​​.

Cons

  • ERC-20 Limitation: Its focus on ERC-20 tokens means users cannot directly trade cryptocurrencies from other blockchains like Bitcoin without using wrapped versions​​.
  • High Ethereum Network Fees: Transactions can incur high gas fees, especially during peak congestion times, which might deter small-scale traders​​.
  • Complex for Beginners: Despite its user-friendly interface, the platform’s features and the overall concept of decentralized trading might be overwhelming for newcomers to the crypto space​​.

AliceBob Wallet – All-in-One Mobile Crypto Wallet

AliceBob Wallet app logo

The AliceBob Wallet is an all-in-one mobile crypto wallet that stands out for its wide range of supported cryptocurrencies and available features. It’s designed for both beginners and experienced traders, offering features like self-custody of over 1,000 crypto assets, in-app exchanges, and comprehensive portfolio management tools. Efficient digital asset management and convenient purchases reign supreme as users can buy Bitcoin and altcoins directly within the app using various payment methods.

Pros

  • Wide Cryptocurrency Support: AliceBob Wallet supports over 1,000 cryptocurrencies — a feast that won’t go unnoticed by users interested in a broad spectrum of digital assets​​.
  • Enhanced Security: The wallet emphasizes security with military-grade encryption and self-custody, ensuring users have full control over their private keys​​.
  • User-Friendly Interface: Its design caters to new and experienced users and offers an intuitive experience for managing crypto investments​​.

Cons

  • Mobile-First Design: While advantageous for on-the-go access, users who prefer desktop applications might find it less convenient.
  • Connection to the Internet: This is a software wallet app, which means it is naturally more exposed to certain risks than cold wallets.
  • Importance of the Mnemonic Phrase: If you lose access to your mnemonic phrase or forget it, you will lose access to your wallet.

Bonus: X and Discord

When it comes to cryptocurrency trading, staying informed and connected is crucial for success. Platforms like X (formerly known as Twitter) and Discord offer unique advantages that turn them into key tools for all crypto traders.

X serves as a vital hub for real-time updates, announcements from major crypto exchanges, and insights from thought leaders in the cryptocurrency space. Its immediacy and broad reach empower traders to stay ahead with the latest news, trends, and market movements. As one of the best platforms for crypto exchanges, X allows traders to directly interact with experts, join discussions, and share strategies, fostering a community of learning and growth.

Discord, on the other hand, offers a more organized and interactive experience. It hosts numerous crypto-focused servers where traders can find channels dedicated to trading signals, market analysis, and discussions on the best crypto exchanges. Servers like Jacob Crypto Bury Discord, Elite Crypto Signals, and r/Cryptocurrency provide comprehensive market insights, trading strategies, and educational content suitable for both beginners and seasoned traders​​​​​​. These communities are ideal for traders looking for detailed discussions, direct access to trading insights, and opportunities to connect with like-minded individuals.

X and Discord complement each other, providing a blend of quick updates and in-depth discussions. These platforms enhance traders’ abilities to make informed decisions, stay connected with the global crypto community, and navigate the complexities of cryptocurrency trading with confidence.

FAQ

What is the best crypto exchange app?

The best crypto exchange app is one that combines high trading volume, competitive trading fees, and a wide range of crypto pairs, like Binance, Coinbase, and Changelly. These platforms cater to both beginners and seasoned traders by offering intuitive interfaces, robust security measures, and quick withdrawal processes.

The best crypto exchanges provide not only the best trading experience but also additional features, such as fixed rates and educational resources, that can guide users through the complexities of cryptocurrency trading.

What are the best Bitcoin trading platforms?

The best Bitcoin trading platforms, like Coinbase and Robinhood, are known for their reliability, security, and ability to handle large trading volumes efficiently. These platforms offer competitive trading fees, a variety of trading options such as spot and margin trading, and access to a broad spectrum of Bitcoin pairs and other cryptocurrencies. These cryptocurrency exchange platforms are designed to meet the needs of traders looking to maximize their investment strategies in the Bitcoin market.

What crypto exchanges offer advanced trading tools?

Crypto exchanges that offer advanced trading tools (e.g., Robinhood and Binance) are geared towards experienced traders looking for an edge in the market. These platforms draw users with their competitive trading fees and low withdrawal fees; besides, they feature sophisticated trading options, including but not limited to margin trading, futures, and advanced order types.


Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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