Trading cryptocurrency has become an increasingly popular way of earning passive income for people all over the world. Others consider it one of the best options when it comes to investing compared to other traditional investment methods.
Because crypto has become so popular, the number of Bitcoin traders has increased greatly, with Bitcoin’s price reaching more than $63,000 in April 2021 as a result of its popularity.
Most people trade cryptocurrencies on mobile apps, but desktop apps are also popular for advanced crypto traders. Crypto trading is for individual users, groups, as well as established funds, companies, and institutions. It is a professional undertaking worth considering.
The best crypto apps allow users to deposit fiat instantly and at low fees, deposit fiat in many payment methods, trade crypto at no or low fee, and withdraw crypto at no or low fees. Best crypto apps or exchanges also allow users to invest in other ways, including mining and staking, and have integrated custody for institutions.
Good apps also allow traders to track prices in real-time, set real-time alerts, and do advanced charting to aid trading decisions for purposes of increasing profitability.
Best Crypto Trading Apps
A popular crypto market analyzer, CoinMarketCap, may have been of use to you at some point during your crypto journey. CoinMarketCap also offers a crypto portfolio tracking feature that few people are aware of.
As of the time this resource was written, they offered the option to manually add a coin, which you can then track and see what the profits and losses are. It’s pretty decent that the CoinMarketCap portfolio tracker is available for free and is a straightforward way to keep tabs on your crypto portfolios.
You should be using CoinStats in 2022 to track your cryptocurrency portfolio, which is a popular and well-established tool for tracking your portfolio. You can use it as a mobile app. It is available on Apple and Android phones, as a Mac application, as an extension for Chrome, as well as as a website application.
CoinStats allows you to connect all popular wallets and exchanges to your CoinStats account in order to automatically calculate profits and losses for you based on your trading activity.
There is no doubt that FTX is a decent substitute for the one we mentioned above since it solves one major problem, which is the deduction of the balance from the coins when they are sold.
Also, if you decide to buy or add a new coin to your portfolio, you will be able to deduct the amount of BTC/ETH that was used to buy the new coin from your portfolio when you add it. When you add a new coin to your portfolio, you will be able to deduct the amount that you paid in BTC/ETH or any other parent currency in which you purchased that coin.
The FTX (i.e., Blockfolio) app now allows you to trade crypto as well as stocks after it was acquired by the popular exchange FTX.
CoinTracking offers both a web version as well as a mobile app for iOS and Android that is available for both devices. There is a dedicated website called CoinTracking, where you can see not only your current portfolio balance as well as information that will assist you in making the right decision when it comes to buying or selling the coins you hold at the right time.
Furthermore, managing your coins across a variety of exchanges can be a tedious task, and this app allows you to see what coins you have and how little you currently have, so it will be easier to manage those coins.
Among the features that we really like about CoinTracking are the realized and unrealized gains/losses feature, which allows us to keep tabs on the gains/losses we make on a daily basis.
The Cryptocompare community is one of the most popular communities for cryptocurrency enthusiasts, and they also offer an app for managing your cryptocurrency portfolio. They presently develop a mobile app that integrates with their web app, as well as using the app on the web as well as on mobile devices. Although their web interface isn’t perfect, it’s pretty good.
The app definitely deserves a dedicated post so you can get a better understanding of how it works before you download it. There are, however, a few crypto portfolio management apps available in the market, but on this list, this is the best. It is also possible to see how much each coin is allocated to the allocation percentage.
Due to its many advantages over Blockfolio, Delta is a popular alternative to FTX (formerly Blockfolio).
However, this doesn’t mean that FTX (formerly Blockfolio) is useless, but it does mean that it becomes less appealing for new users when comes to FTX (formerly Blockfolio) being used.
Delta has mobile apps for both Android and iOS versions, with more than 2000 coins waiting to be added to your portfolio.
Also, you add BTC, ETH, or fiat currencies as your reserve currencies and deduct your period purchase from these reserves to get an overall picture of your portfolio.
Based on the review of more than 50+ providers of crypto apps, we came to the conclusion that eToro offers the very best crypto app in 2022. When you choose to use this app in order to trade on the move, you will be gaining access to a brokerage firm that has been authored by and is regulated by several tier-one financial organizations. ASIC, CySEC, and the FCA are some of the regulatory bodies which are part of this. As a result, your trades will be executed in a safe and secure manner.
Webull might be one of the best crypto apps if you’re on a budget or just looking to risk small amounts. The best thing about Webull is that it doesn’t require a minimum deposit, and you can buy and sell crypto for just $1 per transaction. By using this approach, you can learn how to trade cryptocurrency with an insignificant amount of capital.
The Binance app could be useful if you’re an active trader and looking for a crypto platform with a lot of low-cost markets.
Every day, this popular trading app facilitates billions of dollars worth of transactions. There are super-tight spreads across hundreds of crypto pairs – and commissions are just 0.10% per slide.
It is possible that Gemini would be the best cryptocurrency app for you if you consider yourself to be a seasoned trader who typically invests a lot of money. As one of the few crypto platforms licensed by the New York State Department of Financial Services, this top-rated cryptocurrency exchange is heavily regulated in the US.
We will now look at Coinbase, which is potentially the best crypto app for beginners. Immediately after downloading the app to your device, you will be able to notice how easy to use it is. Therefore, if you have never bought or sold crypto before, the Coinbase app might be right for you.