There are hundreds of cryptocurrency apps to choose for your investment in Cryptocurrency. However, all are not equally good and reliable. Here we have shortlisted 10 best cryptocurrency apps that you may choose to transact for buy and sell of cryptocurrency.
The cryptocurrency apps features include instant deposit, peer to peer trading, support for credit, fiat deposit, wallet creation, different fees and commission structure etc. While selecting these app all the features have been compared. Weightage given for most useful features.
How cryptocurrency app work?
Once you are registered with the app or exchange you can buy or sell by simply clicking the tab for the same given in the cryptocurrency apps. In case of buying, the money will be debited from your bank account, debit or credit card or the wallet. The cryptocurrency will be credited to the wallet in the cryptocurrency apps. Similarly in case of sale, the cryptocurrency will be debited from the wallet and money will be credited to your bank account or wallet in the cryptocurrency apps. You can place different types of orders on crypto exchanges including instant market, limit, stop loss, maker only, immediate or cancel, reduce or edit orders.
Lets look at the apps.
1) Bitstamp
It started in 2011 and thereby one of the oldest cryptocurrency trading platform. It can be accessed in web as well as in app. Its good for beginner as well as advance trading. There are around 50 cryptocurrency listed in this platform including Bitcoin and Ethereum. This app allows fiat transaction by all modes like credit card, debit card, internet banking etc. Its major features
- Provide cryptocurrency analysis based on its history, performance, popularity etc
- Disable the app if the device is lost
- Multiple orders can be placed
- Nominal fees in the range of 0% to 0.50% depending upon volume of transaction.
2) Binance
It is good for institution and group traders. Apart from trading in cryptocurrency, it has features for staking. It has two versions – free and paid. It is one of the largest trading platform by volume and provide high liquidity. Major features of Binance Cryptocurrency app are
- More than 500 cryptocurrencies are available for trading.
- Supports all types of payment
- Supports peer-to-peer cryptocurrency-to-cryptocurrency trading. Cryptocurrency to fiat trading also possible.
- Low fee in the range of 0.02% to 0.10%
3) CoinSmart
This cryptocurrency app is best suited for same day cryptocurrency to fiat conversions. It allows spot trading and transaction with credit card, debit card, internet banking and direct cryptocurrency deposits. Though it supports around 20 cryptocurrencies, it is preferred for buying cryptocurrency with fiat or swapping cryptocurrency with cryptocurrency. Trading fee is in the range of 0.20% to 0.40% of trading volume.
4) Kraken
Kraken is one of the most reliable exchanges for fiat to cryptocurrency trading. Many people trust the exchange as it is one of the oldest and most secured cryptocurrency exchanges. Founded in 2011, the exchange offers other cryptocurrency investment options such as staking for rewards, margin and futures trading and savings. As a centralized exchange, it runs a centralized order book in which users can place maker orders and take orders at the market and limit order prices. The trading fee ranges from 0% to 0.26%.
5) CoinDCX
It is an India platform launched in 2018. Currently, it is one of the most trusted platform with more than 10 million users. CoinDCX has implemented continuous audit to provide enhanced security. The fee structure is very low ranging from 0.020% to 0.2%. It provides high liquidity and can be traded a 1/3rd of global cryptocurrency..
6) WazirX
This cryptocurrency app helps investors to trade, manage their investment, track performance and analyse. Different tools provided in the app help users easy access and enhance knowledge. One strong features of this app is automated trading. There are about 12 million user of this cryptocurrency app. The charges are in the range of 0.20% of the trade value. It offers trading in wide range of cryptocurrency including Bitcoin, Ethereum, Litecoin etc.
7) Pionex
This app assist traders with 16 free bots for auto trading. In fact this app stands in top position as far as auto trade is concern. It is also one of the safest cryptocurrency app in the market. Pionex has reputation of high liquidity. It also act as broker for Binance and market maker for Huobi. The trading fee of pionex is extreme low at 0.05%.
8) Coinbase
Coinbase is best suited for large institutions. It is a trading platform for investing, trading, sending, receiving and even staking of cryptocurrency. One of the strong feature of Coinbase is that it act as banking custody for groups, small and big institutions. Though fees charged by Coinbase is high, it is preferred for high liquidity. It supports over 100 cryptocurrency. It has both free and paid version.
9) CoinSwitch Kuber
CoinSwitch Kuber is an aggregator of trading platforms. It has partnered with major trading exchanges. Launched in 2017, it has carried out more than $5 billion transactions. One of the major security feature in this cryptocurrency app is mandatory know your customer (KYC) requirement.
10) ZebPay
ZebPay was launched in 2014 and relaunched in May 2020. It is an Indian cryptocurrency app. Its highly trusted and currently around 5 million investors uses this app. The focus of ZebPay is security. It stores the tokens in cold and hardware instead of online server to save it from cyber crimes and disaster. An additional features in this cryptocurrency app is that it allows lending the tokens to other traders and earn an interest upto 10%. It also helps the investors to earn 5% passive income.
Do let us know about other apps from your experience in comments.