With dozens of ways to trade, earn, invest and manage your cryptocurrency investments, cryptocurrency apps simplify the complexities of the cryptocurrency markets. 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 manageble.
Best Cryptocurrency Exchange & Broker Apps
- Best ForCoinbase Learn
- Best ForNew Investors
- Best ForIntermediate Traders and Investors
- Best ForCopy Trading
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- Best ForHolding Crypto
Cryptocurrency exchanges are the most common type of crypto app, and they allow you to buy and sell cryptocurrencies using USD, 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.
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 is a physical device, but it 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. With the Exodus Bitcoin & Crypto Wallet, you can link to your Trezor wallet, earn interest on the coins you’ve stored and choose between the desktop and mobile apps. To get the most utility out of your cryptocurrency, a hybrid wallet is often the best choice.
If you plan on actively using crypto, then a hot wallet app like ZenGo or MetaMask may be a better option. Just note that hot wallets are not meant to store your life savings, as 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
- PricingStarts at $0
- Best ForPortfolio tracking
A cryptocurrency 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 especially the case if you don't hold your funds on an exchange, 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 tracker app that lets you track hundreds of cryptocurrencies is Delta –– it's easy to download and free to use.
Best Crypto Lending Platforms
- Best ForMobile Traders
*Other fees may apply.
Crypto lending platforms allow you to earn interest on your digital assets passively, making it a great option for long-term investors. 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 Voyager, Hodlnaut and Celsius.
Hodlnaut offers competitive interest rates that are multiples higher than a traditional savings account. It's important to note that interest is paid in the cryptocurrency you fund your account with, so your USD returns are subject to the volatility of the digital asset you provide. For example, Hodlnaut pays up to 6.5% interest on Bitcoin, but if Bitcoin falls more than 6.5% during the year you earn this interest, then your USD returns will be negative. Conversely, if Bitcoin doubles over the course of the year, you'll earn a much higher return than 6.5% on your investment.
If you are risk-averse, Hodlnaut offers interest bearing stablecoins. These stablecoins are pegged to the value of the dollar, eliminating the volatility of typical cryptocurrencies. Hodlnaut pays out up to 12.73% APY on stablecoins, as compared to the national average savings rate of 0.04%, according to the FDIC.
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 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, as 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 look for when you compare all of your options.
Bitcoin and other cryptocurrency transactions are difficult to trace. Once you initiate a transaction between wallets, it’s virtually impossible to cancel or get your money back. 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 gone down the street or all the way to 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. 2 Exchanges that stand out thanks to their security are MoneyLion and IBKR Crypto.
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 advantages 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, such as security, anonymity and efficiency. dApps like Aave and Curve let investors earn high interest rates for staking crypto on Ethereum's blockchain.
Get Started in Crypto
It's never been easier to get started investing in cryptocurrency. Cryptocurrencies are the new frontier of finance, but 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".
Remember to only invest what you’re prepared to lose and 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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