Contributor, Benzinga
April 18, 2022
verified by Ryan McNamara

Want to jump straight to the best crypto apps? Some of the best crypto apps are Uphold, Coinmama and eToro.

With dozens of ways to trade, earn, invest and manage your cryptocurrency investments, cryptocurrency apps simplify the complexities of the cryptocurrency markets. Picking the best crypto app for you is important to improve your trading experience. From portfolio trackers to exchanges, we've reviewed a ton of cryptocurrency apps to find out which applications are most helpful. Read on to learn about the best crypto apps that can make your crypto investment journey more manageable.

Best Cryptocurrency Exchange & Broker Apps

Cryptocurrency exchanges are the most common type of crypto app and are the most important too. They allow you to buy and sell cryptocurrencies using USD (or any other fiat currency that the exchange supports), BTC, ETH and many other currencies. You can connect your bank account through ACH or use a credit or debit card to buy crypto on most exchanges.

If you're located in the United States, Uphold and IBKR Crypto are great options for low-cost cryptocurrency trading. IBKR also brokers stocks, so you can manage all your assets all in one place. Uphold is a solid choice for investors buying into cryptocurrency over the long term, as the app lets you earn high interest on your cryptocurrencies. It is one of the best crypto apps overall because it is absolutely packed with functionality. You can trade cryptos, stake for interest, trade precious metals and more, all in the same platform. For non-U.S. users, OKX and Binance are 2 of the most popular exchanges with a much wider range of both supported countries and tradable cryptocurrencies.

Best Cryptocurrency Wallet Apps

A crypto wallet stores the private key needed to unlock funds from your wallet address on the blockchain. Most expert traders don’t recommend holding your coins in an exchange if you don’t plan on using 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. Ledger wallets are physical devices, but they also offers a mobile app for increased functionality.

A hybrid wallet gives you software access so that you can store your coins and save for the future. Ledger wallets also have similar integration with Metamask, the most popular software wallet. To get the most utility out of your cryptocurrency, a hybrid wallet is often the best choice.

If you plan on actively using crypto, you may also want a hot wallet app like ZenGo or MetaMask. Just note that your life savings should probably not be stored in hot wallets. This is because they aren't as secure as hardware wallets.

To check the balance of your funds stored on the hardware wallet, a crypto portfolio tracker can satisfy cravings to check your crypto, but we'll get to that later. For now, you'll want to set yourself up with a wallet that lets you control your private keys, unlike an exchange. Funds kept in an exchange wallet are more vulnerable to hacks, and the exchanges often do not provide you with your own private key – meaning the funds are not truly yours in the case of an emergency.

Best Crypto Portfolio Tracker Apps

A cryptocurrency portfolio tracker is a type of app that shows your real-time information on cryptocurrency prices. Any exchange will feature this information but having an individual tracker app can also be beneficial. This is especially the case if you don't hold your funds on an exchange (or use a bunch of different exchanges), as you won't be able to see your crypto holdings if this is the case.

For example, if you prefer to store your crypto in a hardware wallet but you still want to keep up with price movements throughout the day, choosing a simple tracker app is less complicated than signing up for an exchange. You might also want to trade on multiple exchanges and see the “big picture” with an app like altFINS. While this app is just the beginning of the list, remember that it can also teach you more about trading cryptocurrency and how to build an amazing portfolio. 

Another great crypto tracker app that lets you track hundreds of cryptocurrencies is Delta –– it's easy to download and free to use.

Best Crypto Interest Earning Platforms

Crypto interest earning platforms allow you to earn income on your digital assets passively. This makes it a great option for long-term investors. The greatest power in finance is compounding interest and that's what you get with crypto staking. While decentralized apps let you earn interest on crypto, they require cryptocurrency wallets and typically charge high transaction (gas) fees. Generally speaking, it's easier for beginners to get started earning interest on crypto through a centralized platform, such as Uphold. Uphold is one of the best cryptocurrency exchanges on its own and offers less risky staking than some of the crazier DeFi pools you may have heard of. It also offers a great staking service that supports a large variety of popular cryptos.

Types of the Best Crypto Apps

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 guide are exchanges, wallets and portfolio trackers. If you're completely new to cryptocurrency, the video below will help you get ready to use the best crypto apps. The 1st crypto app you'll need on your phone is an exchange. This is how you'll be able to onboard cash to cryptocurrency.

What to Look for in a Cryptocurrency App

No matter which type of cryptocurrency app you need, there are a few things you should be looking for in the best crypto app when you compare all of your options. 

High-Level Security

Bitcoin and other cryptocurrency transactions are difficult to trace. Once you finish making a transaction between wallets, it’s virtually impossible to get your money back. That is, unless the owner of the wallet is kind enough to send it back, if there even is an owner. So be careful with every single transaction. If you can copy paste addresses (or scan a QR code), do it, and check that it's right before sending. There's a lot less room for error this way than typing it out by hand. Due to the decentralized nature of the blockchain, it’s also very hard to tell who owns which wallet. Some companies are dedicated to connecting investors' identities to crypto wallets, such as Chainalysis.

An unauthorized transaction from your exchange could have happened down the street or all the way in Australia. There’s no way to tell exactly who’s responsible. This makes cryptocurrency the perfect market for criminals, hackers and scammers. Before you download any exchange or wallet app, review the company’s safety features. Look for 2-factor authentication and back-end encryption to keep your coins as safe as possible. 3 apps that stand out thanks to their security are MoneyLion, CoinStats and IBKR Crypto.

Real-Time Data

Cryptocurrency markets are always moving. It’s possible to go to sleep and see a single coin skyrocket by 25% — or lose half of its value. Keeping your finger on the pulse of the cryptocurrency market means up-to-date, minute-by-minute information because crypto data becomes obsolete much faster than information on stocks or fiat currencies.

Whether you want a comprehensive cryptocurrency trading platform or a simple tracker that lets you know how your favorite coins are doing, look for real-time data and information. This ensures that you’re not using outdated information to inform your trading and investing decisions. 

Decentralized Applications (dApps)

If you're an intermediate or advanced user of cryptocurrency, you probably have taken advantage of decentralized apps on Ethereum, Avalanche, or Solana. Decentralized applications are built directly on the blockchain and are peer-to-peer services facilitated by smart contracts. dApps have many advantages over normal crypto apps. This includes security, anonymity and efficiency. dApps like Aave and Curve let investors earn high interest rates for staking crypto on Ethereum's blockchain. Using dApps can be risky, however. Many investors have lost their funds due to hacks and scams. Stay vigilant and make sure to your follow your risk-tolerance.

Get Started in Crypto

Start investing in cryptocurrency with ease, especially using some of the best crypto apps listed above. Cryptocurrencies are the new frontier of finance. However, it’s important to remember that the realm of cryptocurrency is also very volatile. Many cryptocurrencies are decentralized by nature, giving them a shot at becoming a true "people's currency".

Only invest what you’re prepared to lose. Also, diversify your portfolio if you’re planning to buy and sell cryptocurrency. Want to learn more about crypto trading? Check out Benzinga's guides to the best crypto exchanges, the best bitcoin wallets and how to file cryptocurrency taxes.

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