BEST CRYPTOCURRENCY APPS

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Want to get straight to the answer? The best crypto apps are Crypto.com, Coinbase, Voyager, and BlockFi.

For newbie investaors and cryptocurrency experts alike, there are a handful of apps that can beautify your crypto journey and even add crypto to your portfolio for free. From lending platforms to exchanges and portfolio managers, there are a lot of applications that every trader need to have on their home screen.

Get started with our review of the best cryptocurrency apps and find out what you’re missing.

Types of Crypto Applications

There are a handful of tools that can simplify the life of a crypto trader or investor. The major categories that we’ll cover in this article are exchanges, wallets and portfolio trackers.

Cryptocurrency Exchanges

5 Things to Know About Cryptocurrency Exchanges

By far the most famous type of cryptocurrency application, exchanges permit you to purchase and sell cryptocurrencies using USD, BTC, ETH and many other currencies. You can connect your bank account via ACH, or use a credit or debit card to purchase crypto on most exchanges. Here are a listing of the best cryptocurrency exchanges that are available to all US customers.

Note that as a US resident, you’ll have to comply with SEC know-your-customer (KYC) pointers which will require identification verification before you can begin trading. This if for tax tracking purposes.

Some cryptocurrency exchanges provide more than just a platform to trade digital assets. Crypto.com, for example, gives customers a crypto-back debit card that lets you earn cryptocurrency on every purchase made with the card. The platform additionally let’s you earn interest on your cryptocurrency, making it a great option for long-term oriented investors.

Cryptocurrency Wallets

A crypto wallet stores the personal key needed to unlock money from your wallet address on the blockchain. Most professional traders don’t suggest holding your coins in an exchange if you don’t plan on making use of them for day trading. Best practice would be using a hardware wallet like the Ledger Nano X or the Trezor T for long term positions. If you do plan on trading crypto, then a hot wallet like Coinbase Wallet or MetaMask may be a much better option.

To check the stability of your funds stored on the hardware wallet, a crypto portfolio tracker can satisfy cravings to check your crypto, however we’ll get to that later. For now, you’ll want to set yourself up with a wallet that lets you manage your personal keys, unlike an exchange. Funds stored in an exchange wallet are more vulnerable to hacks, and the exchanges regularly do not provide you with your own private key – which means the money are not truly yours in the case of an emergency.

Portfolio Trackers

A cryptocurrency tracker is a type of app that suggests your real-time statistics on cryptocurrency prices. Any trade will feature this information however having an individual tracker app can also be beneficial. This especially the case if you don’t hold your funds on an exchange, as you won’t be in a position to see your crypto holdings if this is the case.

For example, if you select to shop your crypto in a hardware wallet but you still desire to keep up with price movements throughout the day, selecting a simple tracker app is less complicated than signing up for an exchange.

Lending Platforms

Crypto lending frequently seems too good to be true. With annual yields in the 5-10% range on popular cryptocurrencies and stablecoins, you’ll likely be asking: “what’s the catch”? But, when you think about the expenses related with running centralized banks, higher returns on decentralized crypto lending make sense. This wasn’t possible without the blockchain, however thanks to smart contracts, loans can be automated with no credit checks required. This is down by backing loans with cryptocurrency collateral, and this should be a way for you to preserve your underlying crypto assets and get some quick cash, or lend your crypto and earn a high yield payed in your preferred token.

Of the lending systems on the market, BlockFi is amongst the easiest to use. Simply deposit your crypto into a BlockFi savings account to begin earning interest on your crypto. Plus, there aren’t any minimal lockup times, so you can remove your money at any time.

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