Crypto Trading Apps
Crypto trading apps let everyday investors speculate on leading digital currencies, such as Bitcoin and Ethereum. There is a range of easy to navigate mobile applications on the market. To help you find the best solution, we’ve listed the top cryptocurrency trading apps for beginners and experienced investors. Our reviews of the top crypto trading apps cover the coins offered, fees charged, download options, and more.
Top 10 Crypto Trading Apps
These 10 apps stood out as the best for trading cryptos following our tests:
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1
Interactive BrokersApps for iOS & Android
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$0$1001:50FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFMStocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, CryptocurrenciesTrader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentralCheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit CardUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF -
2
IGApps for iOS & AndroidForex trading involves risk. Losses can exceed deposits.
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$00.01 Lots1:30 (Retail), 1:250 (Pro)FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFMCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread BettingWeb, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentralPayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit CardUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD -
3
Pocket OptionApps for iOS & Android50% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$50$1MISABinary Options, Currencies, Commodities, Stocks, Indices, CryptosWeb, MT4, MT5Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, AirtelUSD -
4
IQCentApps for iOS & Android20% to 200% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$250$0.011:500IFMRRCBinary Options, CFDs, Forex, Indices, Commodities, CryptoOnline Platform, TradingViewCredit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, MastercardUSD, EUR -
5
RedMarsApps for iOS & Android
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
€2500.01 Lots1:30 (Retail), 1:500 (Pro)CySEC, AFMCFDs, Forex, Stocks, Indices, Commodities, CryptosMT5Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, VisaUSD, EUR -
6
OANDA USApps for iOS & AndroidCFDs are not available to residents in the United States.
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$00.01 Lots1:50NFA, CFTCForex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)OANDA Trade, MT4, TradingView, AutoChartistWire Transfer, Visa, Mastercard, Debit Card, ACH TransferUSD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD -
7
CloseOptionApps for iOS & Android$10 Welcome Gift
$5$1National Bank of GeorgiaBinary Options on Forex & CryptosOwnPayPal, WebMoney, Mastercard, Perfect Money, Wire Transfer, Bitcoin Payments, Ethereum PaymentsUSD -
8
VideforexApps for Android20% to 200% Deposit Bonus
$250$0.011:500Binary Options, CFDs, Forex, Indices, Commodities, CryptoTradingViewSkrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum PaymentsUSD, EUR, GBP, AUD, RUB -
9
InstaTradeApps for iOS & Android
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$10.011:1000BVI FSCFISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, FuturesInstaTrade Gear, MT4Visa, Mastercard, Wire Transfer, Credit Card, Debit Card, Bitcoin Payments, Ethereum PaymentsUSD, EUR, RUB -
10
PlexytradeApps for iOS & Android120% Cash Welcome Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$500.011:2000CFDs, Forex, Indices, Stocks, Commodities, CryptoMT4, MT5Bitcoin Payments, Ethereum PaymentsUSD, EUR
Here is a short overview of each broker's pros and cons
- Interactive Brokers - The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform.
- IG - IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested.
- Pocket Option - Pocket Option delivers an excellent mobile trading experience directly through mobile and tablet browsers, without needing a native app. You can easily customize charts using the settings at the top while placing trades in one click is a breeze using the ‘higher’ and ‘lower’ buttons at the bottom of the screen. The interface also adapts seamlessly to horizontal viewing, mirroring the desktop layout for a consistent user experience.
- IQCent - IQCent offers mobile trading directly through major browsers with an intuitive design that we love. You can navigate your account, browse assets and trade binaries in a few clicks. Straightforward access to the copy trading feature at the bottom is also a bonus, alongside the interactive charts which you can pinch to zoom.
- RedMars - RedMars doesn’t offer a proprietary platform, which might be a consideration for beginners. The only choice is MetaTrader 5 (MT5), available for desktop, web, and mobile. The lack of support for MT4, cTrader, or TradingView is disappointing, with MT4 easier to use than MT5, cTrader sporting a more user-friendly interface, and TradingView proving excellent due to its advanced charting and community-sourced indicators.
- OANDA US - OANDA’s app stands out for its deeply customizable interface, ensuring you can tailor every aspect of the trading experience to your strategy, from setting custom notifications to adjusting chart sizes and overlays. This level of personalization, combined with the ability to quickly react to market changes, manage risk, and stay informed with alerts on significant market events, makes it a category leader.
- CloseOption - CloseOption’s TradeRoom stands out as a fantastic option for beginners, with its streamlined design minimizing the learning curve. It’s super easy to place short-term trades from 5 seconds with basic charting tools at your disposal. Tutorials and frequent updates with video demonstrations also enhance the experience, while weekly contests are available to skilled traders on the go.
- Videforex - Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.
- InstaTrade - InstaTrade offers its own app that’s been downloaded more than 2 million times and facilitates trading on its 300+ instruments from your palm. Fast, responsive and sporting a modern interface, it supports real-time quotes, an array of orders, and analytical tools. However, what stood out during testing was the ‘hot’ ideas and trading signals, helping investors find opportunities.
- Plexytrade - Rather than developing its own app, Plexytrade offers its 100+ instruments on the MT4 and MT5 mobile platforms. While MetaTrader is favored by experienced traders, the absence of a proprietary trading app results in a steep learning curve for beginners. It also means deposits, withdrawals and account management have to be completed through the Plexytrade website, leading to a less complete mobile trading experience.
Crypto Trading Apps Comparison
| Broker | Android App Rating | iOS App Rating | Minimum Deposit | Crypto Coins | Crypto Spread |
|---|---|---|---|---|---|
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/ 5 | / 5 | $0 | 4 | 0.12%-0.18% |
|
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/ 5 | / 5 | $0 | 10 | Variable |
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/ 5 | / 5 | $50 | 60 | N/A |
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/ 5 | / 5 | $250 | 12 | Variable |
|
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/ 5 | / 5 | €250 | 13 | 65 |
|
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/ 5 | / 5 | $0 | 8 | $100 |
|
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/ 5 | / 5 | $5 | 5 | No fee - payouts approx. 40% (Copper) |
|
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/ 5 | / 5 | $250 | 11 | Floating |
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/ 5 | / 5 | $1 | 12 | - |
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/ 5 | / 5 | $50 | 5 | 1.1 |
Interactive Brokers
"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
Christian Harris, Reviewer
Interactive Brokers Quick Facts
| Coins | BTC, LTC, ETH, XRP |
|---|---|
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | 0.12%-0.18% |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral |
| Minimum Deposit | $0 |
| Regulator | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM |
| Mobile Apps | iOS & Android |
| iOS App Rating | / 5 |
| Android App Rating | / 5 |
| Demo Account | Yes |
| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies |
| Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF |
Pros
- The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for day traders at every level.
- While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
- IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries.
Cons
- IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
- You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
- TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
IG
"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."
IG Quick Facts
| Coins | BTC, BCH, LTC, ETH, ADA, DOT, DOGE, LINK, UNI, XLM |
|---|---|
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | Variable |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral |
| Minimum Deposit | $0 |
| Regulator | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM |
| Mobile Apps | iOS & Android |
| iOS App Rating | / 5 |
| Android App Rating | / 5 |
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD |
Pros
- The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
- As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust
- IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis
Cons
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders
- Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests
- IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
Pocket Option
"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."
Pocket Option Quick Facts
| Bonus Offer | 50% Deposit Bonus |
|---|---|
| Coins | BTC, ETH, BCH, LINK, AAVE, ALGO, TLM, ALPP, ANT, AVAX, AXS, BNB, ADA, CHZ, COMP, ATOM, DASH, MANA, DGB, DOGE, ENJ, EOS, FIL, GLMR, ILV, ICP, KAVA, LTC, MKR, MASK, MIOTA, XMR, ALICE, NEAR, NEO, NULS, OMG, DOT, MATIC, QTUM and many more |
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | N/A |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | Web, MT4, MT5 |
| Minimum Deposit | $50 |
| Regulator | MISA |
| Mobile Apps | iOS & Android |
| iOS App Rating | / 5 |
| Android App Rating | / 5 |
| Demo Account | Yes |
| Instruments | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos |
| Account Currencies | USD |
Pros
- The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders
- The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
- Extremely fast and smooth sign-up process that takes less than 2 minutes
Cons
- Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
- The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
- You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
IQCent
"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "
IQCent Quick Facts
| Bonus Offer | 20% to 200% Deposit Bonus |
|---|---|
| Coins | BTC, ETH, LTC, ETC, DOGE, MATIC, QNT, SOL, XRP, USDT, XMR, BNB |
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | Variable |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | Online Platform, TradingView |
| Minimum Deposit | $250 |
| Regulator | IFMRRC |
| Mobile Apps | iOS & Android |
| iOS App Rating | / 5 |
| Android App Rating | / 5 |
| Demo Account | Yes |
| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto |
| Account Currencies | USD, EUR |
Pros
- The broker offers up to 98% payouts on binary options, which is more than alternatives like Pocket Option, only offering up to 92%
- CFD trading fees are competitive based on tests, including 0.7 pips on major forex pairs such as EUR/USD
- Keen traders can take part in trading contests with cash prizes
Cons
- IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks
- The broker is not overseen by a respected regulator, though this is common among binary options firms
- The market analysis is very basic with limited technical summaries and insights from analysts
RedMars
"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."
RedMars Quick Facts
| Coins | BTC, ETH, LTC, XRP, XLM, DOT, ZEC, XMR, QTM, NEO, EOS, BCH, DSH |
|---|---|
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | 65 |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | MT5 |
| Minimum Deposit | €250 |
| Regulator | CySEC, AFM |
| Mobile Apps | iOS & Android |
| iOS App Rating | / 5 |
| Android App Rating | / 5 |
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Cryptos |
| Account Currencies | USD, EUR |
Pros
- Clients in the EU, in particular, can trade with peace of mind knowing RedMars is authorized by the CySEC with up to €20K compensation available through the ICF in the event of bankruptcy
- The broker is one of a limited number of firms to offer an account specially designed for VIPs with premium support and invites to exclusive events
- Getting started on RedMars is incredibly easy - you can be up and running in just a few minutes based on tests
Cons
- RedMars falls short for newer traders, with little in the way of education, no beginner-friendly platform, a steep minimum deposit, and inadequate support during testing
- With just 300 instruments, RedMars offers a narrow trading environment, particularly compared to category leaders like BlackBull Markets which offers 26,000 assets
- The no-frills trading environment offers little beyond the basics, with no Islamic account, PAMM account or copy trading.
OANDA US
"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."
OANDA US Quick Facts
| Coins | BTC, ETH, LTC, BCH, PAXG, LINK, UNI, AAVE |
|---|---|
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | $100 |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | OANDA Trade, MT4, TradingView, AutoChartist |
| Minimum Deposit | $0 |
| Regulator | NFA, CFTC |
| Mobile Apps | iOS & Android |
| iOS App Rating | / 5 |
| Android App Rating | / 5 |
| Demo Account | Yes |
| Instruments | Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA) |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD |
Pros
- Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave
- OANDA is a reliable, trustworthy and secure brand with authorization from tier-one regulators including the CFTC
- The broker offers a transparent pricing structure with no hidden charges
Cons
- It's a shame that customer support is not available on weekends
- The range of day trading markets is limited to forex and cryptos only
- There's only a small range of payment methods available, with no e-wallets supported
CloseOption
"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."
CloseOption Quick Facts
| Bonus Offer | $10 Welcome Gift |
|---|---|
| Coins | BTC, BCH, ETH, LTC, XBT |
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | No fee - payouts approx. 40% (Copper) |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | Own |
| Minimum Deposit | $5 |
| Regulator | National Bank of Georgia |
| Mobile Apps | iOS & Android |
| iOS App Rating | / 5 |
| Android App Rating | / 5 |
| Demo Account | Yes |
| Instruments | Binary Options on Forex & Cryptos |
| Account Currencies | USD |
Pros
- The user-friendly platform is compatible with most web browsers
- New traders can get started with a $5 minimum deposit
- Free demo account
Cons
- Clients need to deposit $50,000+ to qualify for the best payouts
- CloseOption is not regulated by a well-regarded trading authority
- Binary options are only available on fiat and digital currencies
Videforex
"Videforex will serve traders looking for a no-frills, easy-to-use platform to speculate on the direction of popular financial markets through binaries. With a sign-up process that takes a matter of minutes and a web-accessible platform, getting started is a breeze. "
Videforex Quick Facts
| Bonus Offer | 20% to 200% Deposit Bonus |
|---|---|
| Coins | BTC, ETH, QUANT, UNI, SOL, BNB, DOGE, XRP, XMR, MATIC, USDT |
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | Floating |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | TradingView |
| Minimum Deposit | $250 |
| Mobile Apps | Android |
| iOS App Rating | / 5 |
| Android App Rating | / 5 |
| Demo Account | Yes |
| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto |
| Account Currencies | USD, EUR, GBP, AUD, RUB |
Pros
- Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.
- Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.
- Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.
Cons
- Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.
- The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for day traders.
- The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.
InstaTrade
"Although InstaTrade offers active trading on a comprehensive platform, it stands out with its fairly unique Fixed Income Structured Product (FISP), providing passive investment opportunities with up to 50% returns in 6 months if conditions are met. "
InstaTrade Quick Facts
| Coins | BTC, ETH, XRP, LTC, SOL, UNI, DOGE, BCH, FIL, ADA, DOT, LINK |
|---|---|
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | InstaTrade Gear, MT4 |
| Minimum Deposit | $1 |
| Regulator | BVI FSC |
| Mobile Apps | iOS & Android |
| iOS App Rating | / 5 |
| Android App Rating | / 5 |
| Demo Account | Yes |
| Instruments | FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures |
| Account Currencies | USD, EUR, RUB |
Pros
- Despite an average investment offering of around 300 assets, InstaTrade offers a particularly strong suite of currency pairs, catering to advanced traders seeking opportunities in volatile exotics.
- VPS hosting caters to algo trading strategies with a dedicated physical server providing rapid execution speeds as low as 9 milliseconds.
- InstaTrade TV, consisting of video interviews and valuable market insights spanning equities, cryptos and more, helps identify opportunities and inform short-term trades.
Cons
- Marketing of the FISP, especially phrasing around the “guarantee of profitability” and the “elimination of risks of trading on financial markets” raises concerns.
- InstaTrade’s growing educational tools provide valuable information for aspiring traders, but still trail category leaders like eToro with no structured course based on experience level.
- Profits are only guaranteed in the FISP if investors do not reach the 50% profit level and attract other users with a total sum of $4 for each dollar in compensation.
Plexytrade
"Plexytrade is a newcomer in the brokerage scene with attention-grabbing features like 1:2000 leverage, zero spreads on select instruments and fast execution speeds of less than 46 milliseconds. However, the absence of regulation is a significant concern, while the non-existent research and educational tools place it far behind industry frontrunners."
Plexytrade Quick Facts
| Bonus Offer | 120% Cash Welcome Bonus |
|---|---|
| Coins | BTC, ETH, LTC, SOL, XRP |
| Crypto Mining | No |
| Auto Market Maker | No |
| Crypto Spread | 1.1 |
| Crypto Lending | No |
| Crypto Staking | No |
| Platforms | MT4, MT5 |
| Minimum Deposit | $50 |
| Mobile Apps | iOS & Android |
| iOS App Rating | / 5 |
| Android App Rating | / 5 |
| Demo Account | Yes |
| Instruments | CFDs, Forex, Indices, Stocks, Commodities, Crypto |
| Account Currencies | USD, EUR |
Pros
- Plexytrade accommodates a range of trading methods and short-term strategies, including scalping, hedging, and automated trading.
- Despite lacking regulation, Plexytrade provides negative balance protection and reinforces safety protocols by holding client funds in segregated accounts.
- There are various VPS packages starting from $50 per month, but they become complimentary once specific deposit thresholds are reached.
Cons
- With around 100 instruments, Plexytrade restricts the flexibility of investors who prefer to trade across various assets, especially compared to Blackbull with its 26,000 securities.
- Deposits and withdrawals are exclusively facilitated through cryptocurrencies, as Plexytrade does not support bank cards, bank wire transfers, or e-wallets.
- Plexytrade lacks regulation in major jurisdictions, significantly increasing the risks of opening an account and depositing funds.
What Is A Crypto Trading App?
A cryptocurrency trading app is a mobile platform that enables you to buy, sell and hold crypto. The majority of applications are easy to use, with the high demand for digital currencies leading to increasingly convenient and affordable solutions.
With most crypto exchange apps, you can purchase digital currencies with a bank card, PayPal, or Apple Pay for iPhone (iOS) and Google Pay for Android (APK). Nowadays, many of the best cryptocurrency apps also offer an integrated wallet, so you can purchase and store your altcoins in one place.
Using a crypto app is relatively straightforward. An investor opens an account, downloads the app, buys and trades altcoins with their fiat currency, and stores the purchased coins in a crypto wallet. Most crypto trading apps take a commission, spread or a flat fee for their services.
Top 5 Crypto Trading Apps
The best crypto trading apps of 2024 offer hassle-free account opening, low fees and an extensive list of tradable altcoins. Our list of the top apps below compares key features, trading tools and account options.
Coinbase
One of the top free cryptocurrency trading apps, Coinbase is a solid option for beginners. The exchange was founded in 2011 by Brian Armstrong, who was previously an AirBnB engineer. Fred Ehrsam joined in 2012 when they launched the platform as a service for buying, selling and storing Bitcoin. Coinbase is now the most widely used Bitcoin app in the USA. The exchange boasts over 56 million users across more than 100 countries.
Benefits of the Coinbase crypto trading app include:
- Products – You can trade approximately 40 leading currencies, including Bitcoin, Ethereum and Litecoin. All digital currencies can also be stored in Coinbase’s secure mobile wallet.
- Ease of use – It’s easy to get started. Simply open an account, link your bank card and submit a photo of your ID for verification. The graphic layout of the application also makes it easy to get to grips with. Charts are basic for new users while Coinbase Pro offers advanced analytics and lower fees for established investors.
- Security – Sensitive data and 98% of customer funds are stored offline. Data is then split with redundancy, which essentially means a group of participants all hold a share which is of no use individually. It is then AES-256 encrypted and backed up on FIPS-140 USB drives and copied to paper. Wallets are also stored with AES-256 encryption. We trust that Coinbase is safe and secure.
- Fees – The app is free to use and Coinbase offers competitive fees for making transactions. The standard UK flat fee is around 1.49%, up to £2.99 depending on the value of the transaction. There are variable fees too including 3.99% for instant debit card buys, free bank transfer deposits and £0.15 withdrawals. Instant card withdrawals cost a minimum of £0.55 and up to 2% of any transaction.
- Additional features – Other useful features include the Coinbase blog and the learning page on their website. The educational area includes crypto basics, trading tips and tutorials, plus market updates.
Binance
Headquartered in Malta, Binance was founded in 2017 by Changpeng Zhao and Yi He. The crypto exchange has grown rapidly and is now the world’s largest altcoin platform in terms of trading volume. The company also offers its own currency (BNB), based on blockchain technology.
Binance is one of the best Bitcoin apps globally including in the UK, Canada, and India; however, Binance US has fewer trading pairs than elsewhere and 22 states, including New York, are not supported.
Benefits of the Binance crypto trading app include:
- Products – Home to over 200 cryptocurrencies, including their native BNB coin, Binance is one of the most popular apps for alternative digital currencies. They also offer an extensive list of the top altcoins with Bitcoin, Litecoin and Dogecoin available.
- Ease of use – There is a Binance Lite and normal version. The normal version boasts stronger analytical functions and charting for more experienced traders. The Lite version is more suited for beginners, with less information to take in, a simple interface, basic charting and faster trading.
- Security – Binance adheres to strict security protocols. That said, the platform was the victim of a huge hacking scandal in 2019, where over 7,000 Bitcoin were stolen. This was worth around $40 million at the time.
- Fees – You can purchase a variety of cryptocurrencies via debit and debit card, using 13 fiat currencies. There are no deposit fees, and a standard trading charge of 0.1% if you don’t use BNB. Using BNB applies a 25% trading discount, and the fees will be automatically subtracted from your account. Withdrawal fees are dynamic, adjusting depending on the market at the time.
- Additional features – Binance promotions are a key feature, with plenty of deals and rewards for investing in certain coins. They also have a Binance Blockchain Charity Foundation, where they take zero profit. There has been 2,758.43 BTC raised thus far and over 100,000 beneficiaries. The exchange also has an incubator scheme for technical projects to help the blockchain ecosystem develop. The Binance academy is their education centre, filled with news and crypto articles.
eToro
Founded in 2007 in Tel Aviv by Yoni and Ronen Assia, eToro launched as a social investment platform in 2010. The platform boasts unique copy trading features which allow beginners to view and copy the trades of expert investors. They initiated crypto trading capabilities in 2017, launching an app in the USA a year later. The company has facilitated over 340 million trades so far.
Benefits of the eToro crypto trading app include:
- Products – Alongside leading cryptocurrencies such as Bitcoin, Ethereum, Ripple, and more, you can trade stocks, ETFs and CFDs at low rates.
- Ease of use – You can store over 120 cryptocurrencies with the eToro Money crypto wallet. You can set a range of technical indicators and tools, plus use stop losses and profit parameters to protect your investments.
- Security – eToro is one of the more regulated cryptocurrency trading apps, holding a license with the FCA in the UK and the CySEC in Europe. This, coupled with industry-standard security protocols, inspires trust in the company.
- Fees – eToro is one of the best global Bitcoin apps, with a competitive minimum deposit in all regions. eToro offers free accounts, 0% commission on stocks and no management fees for their copy trading services. Spreads on cryptocurrencies range from 0.75% on Bitcoin to 4.5% on other coins. Transfer fees range from 0.005 units and withdrawals incur a $5 fee.
- Additional features – Copy trading is the most prominent feature of eToro, but you can also practise trading with $100,000 in a demo account.
Kraken
Kraken is a cryptocurrency exchange, headquartered in San Fransisco, US. Founded in 2011 by Jesse Powell, the platform provides crypto to fiat trading. Amongst other projects, Jesse Powell later joined other major Bitcoin players to form the self-regulatory body DATA.
Available in over 175 countries and 48 US states, Kraken is one of the most popular crypto trading apps in Japan, Australia, Nigeria, the UAE, the UK and is widely regarded as the safest exchange in the world. In 2020, Kraken became a legally chartered bank in the US, one of the first two digital asset companies to do so.
Benefits of the Kraken crypto trading app include:
- Products – There are over 55 cryptocurrencies to chose from at Kraken including Bitcoin, Ethereum, Ripple and Dogecoin. Leveraged crypto trading is also available.
- Ease of use – The Kraken interface is colourful, clean and well designed. The app has advanced features and high trading volumes, making it great for experienced traders. Investors have, however, been subject to long user verification and capital processing times.
- Security – Kraken is one of the few crypto trading apps that hasn’t been hacked. Their security procedures are transparent on the website. The Kraken CEO Jesse Powell is an expert in cryptocurrency, online payments and fraud. His team’s dedication to safety and security has given the app a reputation as one of the most trustworthy exchanges. 95% of deposits are kept in offline, air-gapped, geographically distributed cold storage. All data is encrypted and access is monitored. SSL encryption is in place and 2FA keeps your account secure.
- Fees – Fees are taken when your order is executed, ranging from 0% to 0.26% of the value of the order. This depends on the currency pair, 30-day trading volume, and whether you are the buyer or seller. If you are using leverage, additional charges apply.
- Additional features – 24/7 support is an attractive benefit of trading with Kraken. The learning centre offers a range of educational resources, including crypto guides, detailing a wide variety of currencies. As part of their mission to bring altcoins to everyone, they offer a crypto 101 course, presented by the CEO. They also have a podcast, ‘How to Grow a Decacorn’, where Christina Yee (Chief Brand Officer) and Jesse Powell invite listeners to join their journey to becoming a company valued at $10 billion.
Gemini
Founded in New York in 2014 by the Winklevoss twins, Gemini has since expanded across Europe and Asia. The company became the first licensed Ether exchange in 2016 and was voted the Best Cryptocurrency Exchange at the 2019 Markets Choice Awards. They have also launched their own altcoin, the Gemini dollar.
Benefits of the Gemini crypto trading app include:
- Products – Gemini has its own wallet and offers over 20 cryptocurrencies. You can trade with most of the leading coins, including Bitcoin, Ether, Litecoin and Uniswap.
- Ease of use – The Gemini app utilises a streamlined trading view with a clean, minimal interface. You can trade assets, manage holdings and schedule orders easily, with technical indicators and simple buy alerts.
- Security – Gemini was the first cryptocurrency custodian and exchange to complete SOC Type 1 and SOC Type 2 examinations. They aim to ‘foster trust through action’, represented in features such as their wallet insurance, cold storage coverage and WebAuthn hardware security keys. Website data is TLS encrypted and 2FA is used amongst a range of other security protocols.
- Fees – Accounts are free to open and a full pricing schedule is available on the Gemini website. There is a convenience fee of 0.5% of the market rate and flat transaction fees which range from $0.99 to 1.49% of the order value.
- Additional features – Gemini recently launched Nifty Gateway, a leading NFT marketplace selling digital artwork and collectables. Partnered with Flexa, you can now buy from participating retailers with cryptocurrency via Gemini. They also have a blog, a newsroom, webinars and further crypto tutorials. Additionally, Gemini has promotional offers, including $10 of Bitcoin for using a friend’s referral code.
Other Useful Crypto Trading Apps
Other apps which can add to the crypto trading experience include news and tracking applications. Crypto News and StockTwits, for example, offer stories and articles on scams, bugs, price analysis and current affairs which influence market prices.
A separate tracking and journal app, like Blockfolio Bitcoin or Delta, can be useful for keeping tabs on cryptos. You can track spending and view live updates, which could be helpful if you own a range of cryptos across multiple applications.
Final Word On Crypto Trading Apps
Whether you’re a veteran trader or a complete beginner, there are plenty of crypto trading apps to choose from. The top 5 listed above are a good place to start, offering an excellent selection of coins with the lowest fees and robust security. It could also be worth opening a demo account before you download an app and start trading Bitcoin. Ultimately though, the best cryptocurrency app will depend on individual needs.
FAQ
Are Crypto Trading Apps Profitable?
Many have turned to day trading cryptos in search of profits. Downloadable mobile apps connect investors to the altcoin market with low barriers to entry. However, the potential profits of crypto trading apps should be balanced with the significant risks stemming from market volatility.
What Do You Need To Start Trading Crypto?
It is easier than ever to start trading crypto. You don’t need to be watching multiple currencies at once across a wall of screens. Many apps offer little to no minimum deposit requirement and a user-friendly application. Once you’ve opened an account, you simply need to download the app and deposit funds before you start trading cryptos.
What Are The Best Crypto Trading Apps?
The best cryptocurrency app ultimately depends on your objectives and location. Coinbase, Binance, Kraken, eToro and Gemini are all global front runners. See our reviews and comparison above for a deeper dive into the services offered by each.
When Can I Trade Crypto?
Cryptocurrency exchanges are open 24 hours a day, 7 days a week. Most Bitcoin apps don’t have a limit on the number of trades per day. Some exchanges will, however, take time for updates and restructuring.
Is It Safe To Leave Cryptocurrency With A Trading App?
If you hold your crypto in a mobile app, you are leaving the private key to your currency with the exchange. This leaves them open to hacking. Whilst blockchain is notoriously difficult to hack, several exchanges have been targeted before, including Binance. Most exchanges implement high-security protocols and offer insurance for holding your data and cryptocurrency. Hardware and paper keys are among other alternatives for storing your private keys off a mobile crypto trading exchange.