As the world of cryptocurrency continues to grow, having the right app can make all the difference. Whether you’re new to crypto or a seasoned trader, the right tools can help you navigate the market more effectively. In this article, we’ll look at the top 5 best apps for cryptocurrency in 2024, highlighting their unique features and benefits.

Key Takeaways

• Coinbase is ideal for beginners due to its easy-to-use interface and wide range of options.
• Kraken is best for those looking for low fees and a platform suited for experienced traders.
• Crypto.com stands out with its excellent mobile app and user-friendly features.
• Gemini is known for its top-notch security measures, making it a safe choice for trading.
• BitMart offers a wide selection of altcoins, catering to those interested in diverse crypto investments.

Coinbase

Coinbase is a top choice for many first-time crypto buyers due to its user-friendly platform. The app looks and feels like an online banking app, making the transition to crypto investing simple. Coinbase is the second-largest crypto exchange in the world, which gives investors some peace of mind in a sector that can be hard to understand.

Coinbase supports over 240 different coins and has trading fees ranging from 0.00% to 0.60%. The platform also insures the digital funds it holds for users and stores U.S. dollar balances in FDIC-insured bank accounts. This helps prevent the loss of user funds in case of a security breach.

Why It’s the Best

• Easy-to-use platform
• Supports over 240 coins
• Insures digital funds
• Stores U.S. dollar balances in FDIC-insured accounts

Trading Fees

Payment Methods

Coinbase allows users to fund their trading accounts with a wide range of payment methods, including wire transfer and ACH transfer.

Despite some drawbacks and current charges by the SEC, Coinbase remains a strong option due to its ease of use and security features.

Best For Beginners

Coinbase is highly recommended for beginners. Its simple interface and extensive support make it easy for new users to start investing in cryptocurrency.

Kraken

Kraken is one of the top apps for crypto trading and exchanging, especially for users in Canada and the United States. Kraken’s top-notch security measures, including proof of reserves and ISO/IEC 27001:2013 and SOC 2, Type 1 certifications, ensure the safety of your crypto assets and NFTs.

Kraken offers a wide range of features that make it a great choice for both beginners and experienced traders. With 24/7 customer support and extensive educational resources, newcomers can easily navigate the crypto space. The platform also provides up to 5x leverage on spot transactions, allowing you to buy $5,000 worth of BTC with just $1,000 of USD collateral.

Pros

• Instant and nearly free withdrawals
• 24/7 customer support
• Offers proof of its reserves
• Great educational resources

Cons

• Complex fee structure for high-volume traders

Kraken’s tiered fee structure benefits high-volume traders. For those with 30-day volumes of less than $10,000, Kraken Pro’s maker fees start at 0.25% and taker fees start at 0.40%. However, these fees can drop significantly for traders with higher volumes.

Kraken’s solid range of available cryptos makes it a good choice for investors who are just experimenting with crypto.

Kraken offers two platforms: its main trading platform and Kraken Pro. The Pro dashboard provides customizable chart analysis tools, detailed order book insights, 13 order types, and high-speed execution. In addition to spot trading, users can also trade cryptocurrency using margin and execute crypto derivatives trading strategies.

Crypto.com

Crypto.com is a popular app for trading and storing cryptocurrencies. It offers a wide range of over 350 cryptocurrencies, including popular newcomers. The app is easy to use, allowing users to create or import a crypto wallet upon download. Most of Crypto.com’s services are available through its mobile app.

Pros

• Over 350 crypto tokens available
• Low crypto spot trading fees
• Built-in NFT marketplace
• Integrated crypto wallet

Cons

• High credit and debit card purchase fees

Crypto.com provides a very good selection of tradable cryptocurrencies, with more than 250 available. The Crypto.com Visa Card is available for users who want to optimize for coin-based rewards.

Crypto.com also offers a wide range of products, including its Rewards+ program. You can also earn extra rewards through Soft Lockup, a yield-earning program that’s more flexible than the standard CRO lockup.

Gemini

Gemini is a top choice for cryptocurrency enthusiasts in 2024. Gemini is well-suited for crypto traders of any skill level. The platform is packed with features, including trading, a digital wallet, and a credit card. One standout feature is the Gemini Earn program, which lets users earn interest on their crypto holdings.

Gemini supports over 70 digital currencies and tokens, making it a versatile option for traders. However, it’s important to note that the exchange charges higher fees compared to some competitors. For instance, there’s a convenience fee for using the web or mobile app for trades.

Gemini is available in all 50 U.S. states and is committed to meeting all U.S. regulatory compliance requirements.

Additionally, Gemini offers a cryptocurrency reward card and allows users to pay for goods and services with crypto. This New York-based exchange also has its own currency, the Gemini dollar (GUSD), a U.S. dollar-backed stablecoin.

BitMart

BitMart is a popular platform for trading over 1,500 cryptocurrencies. It allows users to buy, hold, and trade with up to 5X margin, and even trade futures. For those who prefer a buy-and-hold strategy, BitMart offers crypto staking and a high-yield savings account to boost returns.

Incorporated in the Cayman Islands, BitMart stands out as a top trading venue for small and mid-cap cryptocurrencies. Investors looking to add newly launched or obscure crypto assets to their portfolios will likely find what they are looking for on this exchange.

However, BitMart has faced some challenges. There have been complaints about withdrawal issues, poor customer support, and a lack of transparency. Additionally, a security breach in December 2021 led to the loss of $196 million in user funds. While BitMart has promised to reimburse users, this incident has affected its reputation.

Despite these drawbacks, crypto enthusiasts interested in trading a wide range of lesser-known cryptocurrencies will find what they are looking for on BitMart.

Key Features

• Transaction Fees: 0.04% to 0.6%
• Currencies: 1500+
• Minimum Deposit or Purchase: $50 for BitMart purchases
• Trade Limits: Yes

BitMart offers more assets and trading pairs than its market-leading peers, making it a go-to platform for diverse crypto trading needs.

BitMart is your go-to platform for all things crypto. Whether you’re a seasoned trader or just starting out, BitMart offers a user-friendly experience with a wide range of cryptocurrencies to explore. Don’t miss out on the latest trends and updates in the crypto world. Visit our website today to dive deeper into the exciting world of digital currencies!

Conclusion

Choosing the right app for cryptocurrency is key to having a smooth and safe experience in the crypto world. Whether you’re just starting out or have been trading for years, the best apps offer important features like trading, staking, and even NFT trading. They also focus on security and are easy to use. In 2024, finding the right app can make all the difference in your crypto journey. So, take your time to pick the one that fits your needs best and happy trading!

Frequently Asked Questions

What is the best app for buying cryptocurrency?

Coinbase is often recommended as the best app for buying cryptocurrency. It has a user-friendly interface, a wide range of investment options, and is compliant with regulations.

Which app is best for low fees?

Kraken is known for its low fees, making it a great choice for cost-conscious traders.

What app is best for beginners?

Coinbase is the best app for beginners due to its easy-to-use interface and extensive educational resources.

Which app offers the best mobile experience?

Crypto.com is praised for its excellent mobile app, making it easy to trade and manage your investments on the go.

What app is best for security?

Gemini is considered the best for security, offering strong protection measures for your assets.

Which app is best for trading altcoins?

BitMart is the best app for trading a wide variety of altcoins, providing access to many lesser-known cryptocurrencies.