Business CryptoCurrency

Best Apps to Invest In Cryptocurrency 2022

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11 Mar 2022

3 min read

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Cryptocurrency is undeniably the new hotness, and all the cool kids are currently investing in various virtual currencies. However, with Bitcoin being just one of the thousands of cryptocurrencies to choose from, how do you know where to put your money? How do you stay on top of the market's ups and downs? And, most importantly, where do you keep your hard-won bitcoin?
Your smartphone is an excellent tool for tracking your investments. It's always with you, it's powerful, and there is a slew of apps that can help you keep your finger on the cryptocurrency market's pulse. So we've compiled a list of the best cryptocurrency apps available right now that you can use to keep track of your favorite coins, use as a virtual wallet, or keep on hand as handy tools to ensure that you're always one step ahead. Read on to discover the Best Apps to Invest in Cryptocurrency in 2022. #TWN

What is Cryptocurrency?

Cryptocurrency is a digital payment system that does not rely on banks for transaction verification. It's a peer-to-peer system that allows anyone to send and receive payments from anywhere. Cryptocurrency payments exist solely as digital entries to an online database describing specific transactions rather than as physical money carried around and exchanged in the real world. The transactions that you make with cryptocurrency funds are recorded in a public ledger. Digital wallets are used to store cryptocurrency.

How to Buy Cryptocurrency

If you're wondering how to buy cryptocurrency, you're probably also a little apprehensive about making your first purchase. You're not the only one who feels this way! Everyone is nervous the first time because it's so new, but once you've made your first purchase, you'll find it's a lot easier than you anticipated.

Begin small. If you only invest a few dollars in a particular asset, you are less likely to be upset if you make a mistake than if you invest hundreds of dollars. Keep in mind that you can purchase a fraction of a coin. People often believe they won't be able to buy Bitcoin because they don't have $40,000 or more to spend on a single coin. The truth is that you can buy $10 worth of Bitcoin and add to it whenever you want.

Cryptocurrency Exchange

A cryptocurrency exchange is required if you want to buy or sell cryptocurrencies. These online services frequently function similarly to a stockbroker, providing you with the ability to buy and sell digital currencies such as Bitcoin, Ethereum, and Dogecoin. With low fees and strong security features, the best cryptocurrency exchanges make it simple to buy and sell the currencies you want.

When deciding on the best cryptocurrency exchange for your needs, consider the supported currencies, pricing, withdrawal options, and security—all of which we considered when compiling this list of the best cryptocurrency exchanges. Continue reading to find out which cryptocurrency exchange might be the best fit for your needs.

Best Cryptocurrency Apps and Exchanges of 2022

Best Overall: Coinbase and Coinbase Pro
Best for Beginners: Cash App
Best Decentralized Exchange: Bisq
Best for Altcoins: Binance.US

Best Crypto Apps for Trading

Here is the list of some of the best crypto trading apps:

Coinbase

Coinbase offers a variety of investment options for individuals and institutions in addition to its extensive cryptocurrency selection. Coinbase Earn (a feature that rewards you with crypto assets for watching educational videos), Coinbase Pro (an advanced trading platform for experienced traders), and the Coinbase Prime institutional trading platform are all examples of these.

Staking rewards (a process that allows traders to earn rewards for holding different crypto assets) are also available through Coinbase, as well as user-controlled crypto storage and Stablecoin access.

To get started, all you'll need is a $2 minimum. On buy/sell transactions, Coinbase charges a 0.50 percent spread, with transaction fees ranging from $0.99 to $2.99. Coinbase Pro charges a 0.50 percent fee.

SoFi

SoFi is a strong investment platform for all types of investors, not just crypto traders. SoFi charges a 1.25 percent markup on cryptocurrencies, meaning the brokerage will add an extra 1.25 percent to the final price of any crypto shares you buy.

Bitcoin, Ethereum, litecoin, and 17 other cryptocurrencies are available through the investment app.

You'll be able to choose between stocks and ETFs if you want to actively trade any other securities. For hands-off investors, SoFi also offers automated investing accounts.

Kraken

Kraken is a popular cryptocurrency exchange that first appeared in 2009, two years after the creation of bitcoin. With nearly 60 cryptocurrencies and fees ranging from 0% to 0.25 percent, the exchange is an excellent choice for both individual traders and institutions. Its investment portfolio includes dogecoin, bitcoin, Ethereum, ripple, and a variety of other popular assets.

Kraken's margin and futures account offerings, on the other hand, set it apart. Margin accounts allow you to borrow money to trade more securities. So, if you wanted to increase your purchasing power, you could increase your account balance five times (up to $500,000).

Kraken also has its own futures trading platforms for desktop and mobile. (Futures are legal contracts that allow you to exchange security for a predetermined price at a future date.) You can borrow up to 50 times your account balance with this account option.

Webull

If you don't mind the limited selection of cryptocurrencies, Webull could be a good option. Currently, the exchange supports seven cryptocurrencies: bitcoin, bitcoin cash, dogecoin, Ethereum, litecoin, zcash, and stellar.

To begin trading these assets, you'll need a minimum of $1, but there are no fees to worry about.

If you're looking for low-cost stock, ETF, and options offerings, the brokerage may be a good fit. While trades may be subject to small regulatory agencies and clearing firm fees, Webull does not charge commissions on stocks, ETFs, or options. Webull charges $0.65 per option contract, compared to $0.65 at Merrill Edge and other brokerages.

Binance.US

Binance.US is the American counterpart to the global cryptocurrency exchange Binance. Binance.US, which was founded in 2019, provides dogecoin and more than 50 other cryptocurrencies, as well as investment options for individuals and institutions.

To begin investing, you'll need at least $10 in fees. Binance.US charges a 0.1 percent spot trading fee as well, but you can make instant buy/sell transactions for an additional 0.5 percent. Any deposits made into your account with a US debit card are subject to a 4.5 percent fee.

Binance.US also provides staking rewards, over-the-counter trading for institutions, mobile apps, and cryptocurrency storage.

TradeStation

TradeStation is ideal for active traders who want complete control over their purchases and sales. The crypto trading web platform and mobile app are also owned by the brokerage. There are no account minimums for its crypto offerings, which include bitcoin, bitcoin cash, Ethereum, litecoin, and USD coin, but there are a few fees.

For crypto traders, TradeStation uses a maker/taker fee structure. Because there are no matching orders, maker fees apply to orders that aren't executed right away. Taker fees, on the other hand, are instantly marketable, according to TradeStation. Maker fees are not charged by the investment app, but taker fees range from 0.15 percent to 0.60 percent.

TradeStation also offers stocks, ETFs, options, futures, futures options, mutual funds, and initial public offerings (IPOs) if you want to diversify your investment portfolio.

CEX.IO

CEX.IO is a best app to buy crypto that offers over 80 cryptocurrencies to traders all over the world. Individuals and institutions can both invest through the exchange.

Staking rewards, instant buy account options, mobile access, crypto-backed loans, and payment management and aggregator services for institutions are just a few of the options available. Try CEX to Buy Bitcoin!

To use CEX.IO, you'll need to make a minimum deposit of $20. The investment platform also charges maker/taker fees ranging from 0.00 percent to 0.25 percent, as well as a 2.99 percent fee for card deposits.

Final Verdict

If you want to start trading or investing in cryptocurrency, it's critical to select the best exchange for your needs. There is a good option for you whether you want the most currencies, the lowest fees, or the easiest experience. All you need is a funded account to buy your first cryptocurrency, whether it's with our overall winner Coinbase or a competitor like Binance.

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