Are you feeling overwhelmed by the countless crypto trading apps available in 2024? Well, you’re not alone! With over 420 million cryptocurrency users worldwide, many beginners find it challenging to know where to start. Fortunately, the right crypto trading app can help simplify your journey into this exciting market.
It is important to choose a good crypto trading app that has the essential features you need to succeed in trading. According to studies, nearly 83% of crypto investors believe a reliable trading app improves their experience and keeps their funds secure, allowing them to focus on growing their investments. In addition to security, many of the best crypto trading apps provide helpful features such as educational resources and trading tutorials.
In this article, we’ll explore the top 7 crypto trading apps for beginners in 2024 with detailed insights on what each app offers and how it can benefit you. Whether you’re investing for the first time or looking to improve your skills, the right app can make a real difference.
Top 7 Crypto Trading Apps to Watch in 2024
As cryptocurrency continues to gain popularity, having the right trading app can make all the difference in your investment journey. Here are the top eight crypto trading apps to consider in 2024:
1. Coinbase
Coinbase is one of the most popular crypto trading platforms, particularly for beginners. It offers a user-friendly interface, which makes it easy to buy, sell, and manage cryptocurrencies. It supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Litecoin (LTC), Cardano (ADA), and many more.
The best thing about Coinbase is that it provides educational resources and helps users understand the market better. The app includes features like price alerts and a secure wallet for storing digital assets. However, it’s worth noting that fees can be relatively high compared to some other platforms, especially for smaller transactions.
Key Features –
- It provides advanced trading tools for buying and selling cryptocurrencies.
- Users can go through In-depth technical analysis and real-time order books powered by TradingView.
- It offers comprehensive resources for researching and analysing crypto markets.
- It has features for collecting NFTs, participating in DeFi, and joining DAOs.
- It is the only publicly traded, US-headquartered crypto exchange (NASDAQ: COIN).
What do we recommend?
We recommend Coinbase because it stands out as the world’s most trusted cryptocurrency exchange, providing a secure and regulated environment for users to buy, sell, trade, store, and stake cryptocurrencies.
Available on – iOS and Android
2. Binance
Binance, the largest cryptocurrency exchange in the world by trading volume, is known for its extensive range of cryptocurrencies and trading pairs. This crypto trading app offers advanced features like – futures trading and margin trading for experienced users. With low trading fees and various tools for technical analysis, Binance is suitable for both beginners and seasoned traders.
The app also includes a staking feature, allowing users to earn rewards on their holdings. While it provides robust security measures, users must be aware of local regulations, as the app is not available in all countries.
Key Features –
- Users can trade over 350 cryptocurrencies, including major coins like Bitcoin (BTC), Ether (ETH), Solana (SOL), Notcoin (NOT), and Pepe (PEPE).
- You can easily set up recurring buys and price alerts to manage your investments effectively.
- All user funds are held 1:1 and protected by a Secure Asset Fund for Users (SAFU), valued at $1 billion.
What do we recommend?
We recommend Binance because it is the world’s largest cryptoasset marketplace by trading volume, trusted by over 200 million users globally. Additionally, Binance prioritises user security with its Secure Asset Fund for Users (SAFU) and employs advanced security measures to protect customer assets.
Available on – iOS and Android
3. Kraken
Kraken is a well-established exchange known for its strong security features and a wide range of supported cryptocurrencies. This crypto trading app offers a user-friendly interface, along with advanced trading options such as futures and margin trading.
Kraken also prioritises compliance with regulations, which is why it is considered a trusted choice by serious investors. Its robust security measures include two-factor authentication and a dedicated support team. Additionally, Kraken offers educational resources to help users improve their trading skills. The app does have a steeper learning curve for beginners, but its advanced features make it worth the effort.
Key Features –
- One can easily buy and sell popular cryptocurrencies with a simple and intuitive app.
- It charges low fees for buying/selling orders, which makes it accessible for all investors.
- Users can create custom orders through a simple form or use preset amounts for quick transactions.
- It allows users to easily switch between multiple chart time-frames for in-depth market analysis.
- It has support for cash deposits in multiple currencies (EUR, GBP, USD, CAD, AUD, CHF) and crypto transactions.
What do we recommend?
We recommend Kraken as an ideal platform for both beginners and advanced traders due to its combination of simplicity and robust features.
Available on – iOS
4. eToro
eToro is one of the best crypto trading apps known for its social trading features for users to follow and copy the trades of successful investors. This feature makes it an attractive option for beginners who want to learn from experienced traders. The app offers a variety of cryptocurrencies and also supports stocks and ETFs so that users have diverse investment options.
eToro uses a commission-free model, though it charges spreads on trades. The app is user-friendly, with features like price alerts and an intuitive dashboard, and is easy for anyone to get started with crypto trading.
Key Features –
- Users can invest in a diverse range of assets, including stocks, cryptocurrencies, commodities, and more.
- One can trade on 20 leading global exchanges from thousands of stock options available
- New users receive a virtual portfolio with $100,000 to explore all platform features without any risk.
- One can connect with millions of investors worldwide to share insights, strategies, and experiences, fostering a collaborative trading environment.
- eToro is regulated by nine financial authorities, including CySEC, FCA, and ASIC, ensuring a secure investing experience.
What do we recommend?
We recommend eToro as a leading multi-asset investment platform due to its unique combination of user-friendly features and innovative trading technology. Additionally, the platform’s risk-free trial with a virtual portfolio gives users the confidence to explore various investment strategies without financial pressure.
Available on – iOS and Android
5. Gemini
Gemini, one of the popular crypto trading apps is a regulated cryptocurrency exchange and wallet that provides a safe and user-friendly platform for buying, selling, and storing a variety of cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE). With a focus on compliance and user trust, Gemini is an ideal choice for anyone looking to diversify their crypto portfolio securely.
The platform’s robust security measures include two-factor authentication and cold storage for digital assets. Additionally, Gemini offers a unique feature called Gemini Earn, which allows users to earn interest on their crypto holdings. While fees can be higher than some competitors, many users appreciate the added security.
Key Features –
- Easily buy and sell popular cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), and more with a simple interface.
- Use advanced analysis tools, including candlestick charting, order books, and depth books, to inform your trading decisions.
- Refer friends to Gemini and both of you can earn up to 25% of trading fees for a year, along with a $15 USD bonus when a referred friend trades at least $100 USD.
- Gemini prioritises security with two-factor authentication (2FA) for every account, along with passcode and biometric protection for mobile apps.
What do we recommend?
As a regulated cryptocurrency exchange, Gemini provides peace of mind with strict compliance standards, including cybersecurity and capital reserve requirements enforced by the New York Department of Financial Services.
Available on – iOS and Android
6. Crypto.com
Crypto.com, one of the popular crypto trading apps has gained popularity for its wide range of services, including trading, staking, and a crypto debit card. The app supports over 350 cryptocurrencies, allowing users to trade a diverse selection of assets.
With competitive fees and a user-friendly interface, Crypto.com makes it easy for beginners to navigate the crypto space. The app also includes features like price alerts and a wallet for securely storing assets. Additionally, users can earn rewards through the platform’s staking options, which makes it an attractive choice for those looking to maximise their returns.
Key Features –
- Trade over 350 cryptocurrencies, including popular options like Bitcoin (BTC) and Ethereum (ETH), using more than 20 fiat currencies or a credit/debit card.
- One can easily set up daily, weekly, or monthly recurring purchases with user-friendly trading tools, allowing for hassle-free investment.
- Users can earn competitive interest rates on their crypto holdings, with flexible terms available for over 40 tokens and stablecoins.
- With Crypto.com Pay, one can enjoy instant settlements with no gas fees and earn up to 10% back in CRO when shopping at 200+ top brands.
What do we recommend?
Its extensive selection of cryptocurrencies and the option to buy with multiple fiat currencies or credit/debit cards make it accessible for investors of all levels.
Available on – iOS and Android
7. Robinhood
While originally a stock trading app, Robinhood has expanded to include cryptocurrency trading. The app is known for its commission-free trading and is an attractive option for those looking to invest without incurring high fees. Robinhood supports several major cryptocurrencies with a simple interface for buying and selling.
However, the app has faced criticism for its limited features compared to dedicated crypto exchanges. Despite this, its ease of use and accessibility make it a popular choice for beginner investors looking to dip their toes into the crypto market.
Key Features –
- One can enjoy commission-free trading on stocks, ETFs, options, and cryptocurrencies, with the lowest costs for Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and more.
- Users can earn a 4.5% annual percentage yield (APY) on uninvested cash with no cap.
- It allows users to identify trends using technical indicators such as moving averages (MA) and relative strength index (RSI) to inform their investment strategies.
- One can get 24/7 live support through chat with Robinhood associates.
What do we recommend?
The Robinhood Gold subscription adds value with features like high-yield interest on uninvested cash and a retirement matching program, which can help users maximise their savings potential.
Available on – iOS and Android
Conclusion
The above seven crypto trading apps offer easy-to-use features, helpful tools, and strong security to help you trade confidently. Whether you want to start small or jump in fully, these apps help you make an informed decision. So, pick the one that feels right for you and begin your crypto journey today!
If you’re interested in exploring more, check out our article on the best trading apps in India that offer valuable insights to help you enhance your trading skills.
You can also explore our article on education apps in India, which provides recommendations for the best learning experience.
Lastly, go through our latest article on the best news apps in India, where you can stay informed about the latest news and happenings across the country.
FAQs: Crypto Trading Apps
Q. What is the best crypto app to use?
A. The best crypto app often depends on your specific needs, but popular options include Coinbase for beginners, Binance for advanced traders, and Kraken for security and user-friendly features.
Q. Which crypto app works in India?
A. Several crypto apps work in India, including WazirX, CoinDCX, and Binance. These platforms allow users to buy, sell, and trade a variety of cryptocurrencies while complying with local regulations.
Q. In which app can we trade cryptocurrency?
A. You can trade cryptocurrency on various apps, such as Coinbase, Binance, Kraken, and Gemini. These platforms offer a range of features to suit both beginners and experienced traders.
Q. Does ByBit work in India?
A. Yes, ByBit operates in India, allowing users to trade cryptocurrencies. However, it’s essential to check local regulations and ensure compliance before trading.
Q. Is crypto.com safe?
A. Yes, Crypto.com is considered safe as it employs strong security measures, including two-factor authentication and cold storage for assets. Additionally, it is compliant with industry regulations, providing users with a secure trading environment.
