Cryptocurrency burst into the mainstream a few years ago, and since then it’s grown to become a multibillion-dollar industry that includes everything from trading apps to NFT (non-fungible token) marketplaces. However, not all of these are created equal, with some offering more features than others. And in order to make the most of your cryptocurrency investments, you’ll want to download a crypto app that’s legally compliant, cost-effective and easy to use.
Crypto apps are the software programs that allow you to buy and sell cryptocurrencies like Bitcoin, Ethereum and Dogecoin. They can also be used to store your coins in a digital wallet, track price performance, and more. There are countless different crypto apps out there, from centralized exchanges to custodial wallets and decentralized finance platforms.
The best crypto apps will be legally compliant, cost-effective and feature an intuitive interface that even a novice can navigate easily. eToro, for example, is a popular option thanks to its compliance, user-friendly interface, and plethora of high quality investing options including stocks, bonds, currencies, ETFs, commodities, and cryptocurrencies. With over 3000 investment options, eToro allows you to copy the trading strategies of top investors and diversify your portfolio in a secure, risk-free environment.
A good crypto wallet app will be able to store all of your digital currencies securely and conveniently, and should offer several payment methods including crypto deposit and withdrawal. You’ll also want to make sure that it offers a variety of security measures, such as 2FA and encrypted backups. Finally, a solid crypto app will have a news feed that keeps you updated on the latest market developments.
With tens of thousands of cryptocurrencies in the world, finding the right crypto app can be challenging. There are many factors to consider, from the number of assets that you can trade, to their prices and markets, and whether they’re listed on your preferred exchanges. A good crypto app will display all of this information clearly and quickly, making it easy to compare and decide on the right exchange for you.
Some of the best crypto app are also regulated by the New York Department of Financial Services and include FDIC insurance on USD deposits, as well as hot wallet insurance. One of the most trusted is Gemini, founded by Cameron and Tyler Winklevoss in 2014. Their exchange/custodial wallet is highly secure, keeping client funds segregated and offline, and offering advanced charting tools. Its list of tradable assets is relatively small compared to Kraken, at just 100+ coins and tokens, but it’s a reliable choice for experienced traders. In addition to its robust platform and regulatory oversight, Gemini offers low fees for both buying and selling crypto.