5 Apps You Need To Download If You Want To Start Seriously Investing in Crypto
Written by
Paige Cerulli
Edited by
Amber Barkley
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Cryptocurrency can be an appealing investment, since it’s often cheaper and faster to transfer than traditional stocks. Plus, thanks to the development of many cryptocurrency and investment apps, you can easily buy and trade crypto yourself.
If you’re ready to start seriously investing in crypto, then you’ll want to check out these five apps.
Best for Learning: eToro
If you’re just getting started but want to learn more about crypto and investing, eToro offers several valuable resources to help you learn. The eToro Academy is equipped with courses, podcasts and webinars from finance professionals. Additionally, eToro has a collaborative community component that allows you to chat with and learn from more experienced investors.
With eToro’s CopyTrader feature, you can copy the investments of top-performing traders. You can benefit from their expertise and take some of the guesswork out of investing as you learn. There’s no extra charge for this feature.
eToro currently has 120 crypto options, but the platform charges a 1% commission on crypto trades.
Most User-Friendly: Coinbase
Coinbase’s user-friendly platform is ideal if you’re ready to start seriously investing in crypto. While the app is well-organized, it also features plenty of analytics to help you make well-informed and strategic choices. Coinbase offers customer support by phone 24 hours a day, 365 days a year, and features like pre-filled tax forms add to the platform’s convenience.
With Coinbase, you’ll pay no trading fees on hundreds of crypto assets, though a spread applies. For other crypto assets, fees are variable. Coinbase offers many deals and specials, too, and for a limited time, Coinbase is offering up to $200 in crypto for new users who make a cryptocurrency purchase on Coinbase.
Best for Low-Cost Crypto Trading: Robinhood
Robinhood features a user-friendly interface and supports some of the most popular crypto, such as bitcoin, ethereum and solana. While the crypto offerings are limited compared to other apps, Robinhood stands out thanks to its low trading costs. The platform charges no fees for crypto trading, which could add significant value if you’re going to seriously invest and trade large amounts of crypto.
Several other features make Robinhood a desirable choice. You can set an automated trading schedule for as little as $1. You can also send crypto to or from your Robinhood account without paying any Robinhood deposit or withdrawal fees. There are plenty of analytics available, too, including the ability to set price alerts so you’re notified if it’s time to buy or trade.
Best Cryptocurrency Selection: Kraken
If you want to be able to choose from an expansive selection of cryptocurrencies, then consider Kraken. Kraken currently supports 376 cryptocurrencies, so you’ll have plenty of options to choose from. The app offers many educational resources to help you get started or expand your investing, and customer support is available 24 hours a day.
Kraken has low trading fees, though those fees aren’t specifically identified on the website. You can choose from several funding options, including the ability to deposit crypto you already know into your account. Kraken also offers funding options, like international wire transfers, for corporate-level clients.
Best for Experienced Traders: Gemini
Traders with some experience in crypto can take their investments to the next level with Gemini. Gemini features ActiveTrader software, which gives you access to advanced charting techniques and multiple order types. The ActiveTrader platform includes access to more than 70 cryptocurrencies and more than 100 trading pairs. The advanced analytics also allow you to trade and monitor two markets simultaneously without having to switch back and forth.
Though Gemini’s real strength is in its ActiveTrader platform, the base Gemini platform is more user-friendly if you’re still getting started with crypto. You can use multiple types of charts, watchlists and price alerts to inform your trading, and the app features a streamlined interface that’s easy to use.
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