Cryptocurrencies have been a hot topic for a while now and the trend is likely to continue in the years to come. As a beginner, you may be wondering which apps are the best to use for investing in cryptocurrency.
In this article, we’ll discuss about the top 10 cryptocurrency apps for beginners in 2023.
The Best 10 Cryptocurrency Apps for Beginners in 2023
1. Coinbase
Coinbase is one of the world’s largest cryptocurrency exchanges, founded in 2012 and based in San Francisco, California. The platform allows users to buy, sell, and store various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others.
One of Coinbase’s main features is its user-friendly interface, which makes it easy for beginners to navigate and use the platform. Coinbase also offers a mobile app, that allows users to manage their accounts and make trades on the go.
Coinbase is a regulated exchange, licensed to operate in over 40 states in the US and other countries around the world. The platform is known for its high level of security, with measures in place such as two-factor authentication and offline storage of user funds.
2. Uphold
Uphold is a digital money platform that allows users to buy, hold, and exchange various types of assets such as cryptocurrencies, fiat currencies, precious metals, and stocks. Uphold was launched with the private beta program in 2014 and is headquartered in the United States.
Uphold is its ability to allow users to exchange one asset for another in real time. This means that users can instantly exchange their Bitcoin for US dollars, for example, without having to go through a lengthy exchange process. Uphold also supports multiple fiat currencies, including USD, EUR, GBP, and more.
Uphold offers a variety of payment methods for users to fund their accounts, including bank transfers, credit/debit cards, and cryptocurrencies. Uphold also offers a debit card that can be used to spend funds directly from the user’s Uphold account.
Also Read: How to earn crypto by playing games
3. Binance
Binance is a popular cryptocurrency exchange founded in 2017 and based in Malta. The platform has quickly become one of the largest and most widely used exchanges in the world, with a daily trading volume that often exceeds billions of dollars.
Binance offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and many others. The platform also offers its own token, Binance Coin (BNB), which can be used to pay for trading fees and other services on the platform.
Binance has a user-friendly interface and offers a mobile app, making it easy for users to manage their accounts and make trades on the go. The platform also has a high level of security, with measures in place such as two-factor authentication and the use of cold storage for user funds.
4. Kraken
Kraken is a great app for advanced traders, but it also has features that make it suitable for beginners. It offers a range of trading tools and allows users to buy and sell cryptocurrencies using fiat currency.
Kraken has a competitive fee structure, with low trading fees and no deposit or withdrawal fees for most cryptocurrencies. The platform also offers a referral program that rewards users for referring new customers.
5. Gemini
Gemini is a cryptocurrency exchange and custodian founded in 2014 by the Winklevoss twins, Cameron and Tyler. The platform is based in New York and is regulated by the New York State Department of Financial Services (NYDFS).
Gemini is a secure and easy-to-use cryptocurrency app that offers a range of trading options. It has a simple user interface and supports a variety of cryptocurrencies.
Also Read: 5 Best Penny Cryptocurrency to Invest in 2023
6. BlockFi
BlockFi is a cryptocurrency app that offers interest-bearing accounts and loans backed by cryptocurrency. It also offers a variety of trading options for those who want to buy and sell cryptocurrencies.
One of BlockFi’s main features is its interest account, which allows users to earn interest on their cryptocurrency holdings. The interest rates offered by BlockFi are competitive and can be higher than those offered by traditional savings accounts.
BlockFi has a high level of security, with measures in place such as two-factor authentication and offline storage of user funds. The platform is also regulated and compliant with US laws and regulations.
7. Robinhood
Robinhood is a popular trading platform that was founded in 2013 and is based in California, USA. While originally focused on traditional stocks, the platform has expanded to include cryptocurrencies.
Robinhood offers commission-free trading of a range of cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, among others. The platform also offers a user-friendly interface and a mobile app, making it easy for users to manage their accounts and make trades on the go.
8. eToro
eToro is a social trading platform that allows users to copy the trades of other users. It also offers a range of trading options for buying and selling cryptocurrencies.
eToro has a high level of security, with measures in place such as two-factor authentication and the use of cold storage for user funds. The platform is also regulated and compliant with European laws and regulations.
9. Phemex
Phemex is a Singapore-based cryptocurrency derivatives trading platform that was founded in 2019. The platform offers a range of trading products, including perpetual contracts, futures contracts, and spot trading.
Phemex offers a user-friendly interface and a mobile app, making it easy for users to manage their accounts and make trades on the go. The platform also offers a range of advanced trading features, including limit and stop orders and up to 100x leverage on its futures contracts.
Also Read: 6 Reasons for Investing in Cryptocurrency
10. Coinrule
Coinrule is a cryptocurrency trading platform that was founded in 2018 and is based in London, UK. The platform offers a range of trading automation tools that allow users to create and execute trading strategies without needing to have technical programming skills.
Coinrule offers integration with a range of leading cryptocurrency exchanges, including Binance, Kraken, and Coinbase, among others. The platform also offers a range of advanced trading features, including stop loss, take profit, and trailing stop orders.
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