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5 Top Cryptocurrency Apps for Trading

If you prefer to purchase, sell and trade your crypto assets with a simple application on your mobile phone, you will be pleased to find out how many great options there are out there in the market. The problem is that with all of these unique choices, deciding to go for one of them is going to prove rather difficult. For instance, do you wish to focus on a trading app that supports trading a certain currency pair such as the famous BTC / ETH or XRP / ETH, or you want an app with industry-leading fees. Either way, it is of utmost importance that you do a deep research before diving in.

To help you in this regard, we have gathered 5 of the top cryptocurrency apps for trading. We will be reviewing the basic elements of each application and compare them to one another at the end for an easier decision. Read on to find out what app to choose for the best cryptocurrency experience.

1. eToro

eToro

More than 12 million people are using eToro which was launched and released to the public in the year 2007. The option is there to either use the mobile app or the desktop site. Both are viable options and are available to anyone. The former is available on both Android and IOS devices.

eToro gives you great flexibility by offering CFDs alongside traditional assets. It lets you buy, trade, or sell 16 different currencies in the traditional sense which includes the famous cryptos, Bitcoin, Ethereum, Ripple XRP and many more. You can also trade cryptocurrency pairs – crypto to crypto and crypto to fiat.

Pros:
  • Free stock and ETF trading
  • Social trading experience
  • Seamless account opening
Cons:
  • Customer support could be improved
  • High non-trading fees
  • Only one account base currency

2. Coinbase

coinbase

If you have searched about cryptocurrencies before, you probably have heard a lot about Coinbase. Although it is such a perfect trading app for absolute beginners, it might not be of much use for more advanced traders. The app is incredibly easy to use and even if you don’t have a lot of experience with cryptos, you should still be fine with Coinbase. The app lets you purchase, trade and sell all the major currencies.

Pros:
  • Extremely simple user interface
  • Cryptocurrency is insured in case the website gets hacked
  • Solid variety of altcoin options
  • Very high liquidity
Cons:

·High fees when not using Coinbase Pro

·Has fewer altcoins than most other exchanges

·User does not control wallet keys

3. Binance

binance

There is no need for introduction when it comes to Binance. This exchange is single handedly responsible for most of the largest trading volumes in the world. For instance, Binance has facilitated more than $9 billion in trading volume in just the last 24 hours, let alone in the entire time of its existence. Even though most of the traders in the market use the main Binance website in order to purchase, sell or trade currency pairs, the platform has a great trading app as well which is available to download on your Android or IOS devices for free.

Pros:
  • Low trading fees
  • Has more than 50 cryptocurrencies choices available
Cons:
  •  It provides fewer crypto-crypto currency pairs than it does on the main website
  •  Not available in seven states of the U.S.

4. CEX.IO

cex.io

CEX.IO is one of the greatest cryptocurrency platforms out there that has gained a solid reputation for itself over the past years. Since it was launched, CEX.IO has proved to be committed to security and safety with stellar customer service. The platform provides a plethora of useful tools that can be utilized by both beginners and more advanced users. It also has a demo account feature which is great if you want to improve your trading skills prior to diving in with your actual money. In total, CEX.IO has a lot of unique features that help you in the cryptocurrency trading market.

Pros:
  • More competitive trading fees in comparison to other platforms
  • Combined trading platform and broker, meaning you can either trade your assets or purchase them directly as a broker.
  • Convenient card deposits and withdrawals
Cons:
  • Limited range of currencies in comparison to other exchanges
  • High card fees

5. YouHodler

youhodler

Even though YouHodler is not uniquely an app designed for trading, it is still a really intriguing choice as it offers a great range of crypto products. The most obvious feature of YouHodler is probably the ability to earn interest on the number of crypto coins you own. This is great for those who don’t tend to use their cryptocurrencies all that often. This way they can earn more on the same amount of cryptocurrency that would sit idle in your wallet otherwise. That is not where it ends.

On top of interest, the app also supports loans. The proceeds need to be paid in fiat money. This is an interesting platform in case you feel like releasing some of the funds you have in cryptocurrency without having to cash out.

Pros:
  • Supports top 15 cryptocurrencies
  • It has the single highest loan to value ratio in the whole industry with 90%
  • No need to stake native coins for higher interest rates
  • 4 fiat currency options (USD, GBP, EUR, CHF)
  • Weekly interest payouts
  • 24/7 customer support with live agents
  • Instant credit card and bank withdrawals
  • Unlimited loan terms
Cons:
  • A lot of bugs and glitches in the Android app
  • Not available in the U.S. and China
  • High interest rates on long-term loans
  • Not having an insured custodian for user funds

The Final Takeaway

To conclude the article, there are a lot of great cryptocurrency apps for trading that you can choose from. Neither of these options are similar and every single app is unique in its own way. This is why you can’t just expect someone to tell you which app to use and you go for it. You need to explore all the suggestions in this article all by yourself first and find out your priorities. Also, keep in mind that not every app is suitable for everyone and every scenario. Anyways, this was 5 top cryptocurrency apps for trading. We hope we have helped you in making the final decision.

#Cryptocurrency Apps #Apps for Trading #EToro Cryptocurrency Apps #Coinbase Cryptocurrency App