S.N | Best Crypto App For Beginners |
1. | Gemini |
2. | Uphold |
3. | Coinbase |
4. | Binance |
5. | Kraken |
6. | Bitstamp |
7. | eToro |
8. | Bitcoin IRA |
9. | Crypto.com |
10. | BlockFi |
1. Gemini
Gemini is a popular platform to invest in crypto as it was one of the first major exchanges, and today it's one of the largest by assets.
Gemini supports most major cryptocurrencies, has decent support and engagement, and pays competitive interest rates on assets if you qualify.
Plus, when you open a Gemini account, you can earn $10 in BTC after trading $100 in crypto.
Read our full Gemini review here.
Pros
Cons
Get up to $10 in BTC free!
2. Uphold
Uphold offers a simple solution to trading multiple assets — open one account and trade multiple assets without making a trip back to cash. If you've ever traded crypto, you'll know a lot of coins and tokens only trade in certain pairs, so you're always going back to BTC or ETH. But on Uphold, you can trade multiple assets directly.
Plus, Uphold is one of the few exchanges that allow you to trade XRP, DOGE, and more.
Read our full Uphold review here.
Pros
Cons
3. Coinbase
Coinbase is by far the most popular and one of the best cryptocurrency exchanges because you can invest directly with USD. You can currently purchase Bitcoin, Ethereum, and Litecoin and 30+ other coins and tokens on the platform. Furthermore, you can earn interest on your USDT, and you can earn token rewards by completing various activities.
Plus, when you open a new Coinbase account, you get a $10 BTC bonus after you trade $100 if you sign up using our link!
Read our full Coinbase Review here.
Pros
Cons
Get $10 in free BTC!
4. Binance
A great platform for getting into some currencies like Cardano or Neo. They are not as easy to use as some of the top platforms on this list, but they do have one of the most robust trading platforms. They do have a decent mobile app, but again, not as easy to use and we've been frustrated with it. Try Binance here.
Note: Binance.us is the US version of the platform and has limited coins and tokens to invest in versus the international version of Binance.
Read our full Binance review here.
Pros
Cons
5. Kraken
Kraken is one of the original crypto trading platforms and they have a good selection of coins and tokens to trade and invest in. They also allow margin trading. However, it's a real exchange, and not as easy to use as some of the top platforms on this list.
Kraken is one of the few platforms on this list that allow you to trade in DOGE and other, more risky, tokens.
Note: Kraken offers a limited section of coins and tokens to US customers versus international customers.
Read our full Kraken review here.
Pros
Cons
6. Bitstamp
Bitstamp is one of the oldest and most well-established cryptocurrency exchanges. Founded in 2011, it's been operating for over 10 years. It offers over 70 tokens that you can trade.
Bitstamp has a volume-based fee structure, allows you to buy crypto instantly with your credit or debit card, and has a solid mobile app.
Read our full Bitstamp review here.
Pros
Cons
Try Bitstamp here.
7. eToro
eToro has been around for a while in the UK and throughout Europe, but they are now allowing traders in the United States. They offer a huge variety of digital assets to buy and sell on their platform, and even better, they have a practice trading account so you can give it a try before you actually use real funds.
Right now, eToro is also offering a $10 bonus if you deposit and trade $100 in crypto assets. This offer is only available for US users.
Read our full eToro review here.
Pros
Cons
Earn a $10 bonus!
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, has no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
8. Bitcoin IRA
Bitcoin IRA is a little different than the other platforms here. Unlike most exchanges and wallets, you're basically just exchanging currency and are subject to paying taxes on your gains (learn how taxes on your cryptocurrencies work here).
With that being said, Bitcoin IRA combines the best of being a crypto wallet and exchange, with also being an IRA. That means that your gains inside the account are tax-free or tax-deferred.
Read our full Bitcoin IRA review here.
Pros
Cons
9. Crypto.com
Crypto.com is one of the largest and fastest-growing crypto exchanges. It's based in Hong Kong but offers a ton of support for US-based customers.
Right now, you can have access to over 90 tokens and coins worldwide, and 50 tokens and coins if you're in the United States. Plus, they offer solid rates on their crypto savings accounts.
The only major drawback is that it's only app-based at this time, there is no desktop platform.
Read our full Crypto.com review here.
Pros
Cons
10. BlockFi
BlockFi is a cryptocurrency investment platform that allows you to lend and earn interest on your holdings. Also, instead of selling your coins and tokens, you can also borrow against your holdings.
If you're just looking to hold your tokens, you can also just let them earn interest for you.
Bonus Offer: Get up to a $250 bonus when you make a $25 deposit and maintain it for a specified period of time.
Check out our full BlockFi review here.
Pros
Cons
Get up to a $250 bonus!
Each app has advantages and disadvantages, so get an idea of what you want to accomplish and choose the right one.