Last Updated on July 23, 2022
Are you looking for the best crypto apps in 2022? The increasing popularity of bitcoin and other digital assets has resulted in a spike in crypto apps. More and more cryptocurrency trading software is released to the market monthly, with each one having its pros and cons. Considering the number of crypto apps on the market, choosing the best one out of hundreds of software can be daunting, especially if you are a newbie.
To save you the stress and time of searching for the best crypto apps in 2022, our experts scoured the internet and reviewed dozens of the top software to bring you the best of the best. All the apps on our list work on Android and iOS powered devices. In addition, they are regulated by the relevant authorities, support almost all the top cryptocurrencies, and charge the lowest deposit fees and commissions in the market.
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69.17% of retail investor accounts lose money when trading CFDs from this provider
Capital.com is the second software on our list of best crypto apps. This company is licensed and regulated by the UK FCA, CySEC, ASIC, and NBRB. There are more than 500,000 people worldwide using this software to buy and sell cryptocurrencies. As of 2022, the trading volume on Capital.com is about $530,000. Here are some of the reasons why new and experienced cryptocurrency traders consider this software as one of the best in the industry.
Capital.com has a user-friendly interface, so signing up, depositing funds, and trading digital and traditional assets on this software is easy. The software also makes the cut for mobile-friendliness. You can download and use the app on your iOS or android-powered smartphones. Aside from trading from your mobile devices, you can also access the app on your desktop computer or laptop.
Another good thing about this software is its low cost. Capital.com charges zero commission on trades. There is also no deposit or withdrawal fees on the platform. In addition, the spreads on this software are tight. You will be saving money on your trades when you use this software. Furthermore, it is worth mentioning the software features educational materials like trading guides and online courses that you can use to up your skills.
You can trade more than 3,700 assets using this software. Capital.com supports cryptocurrencies, indices, currency pairs, shares, and commodities. Another reason we recommend this software is its artificial intelligence (AI) technology. The software is capable of analyzing your trading behaviour and helping you make informed cryptocurrency trading decisions. Capital.com is also renowned for its technical capabilities and security features. The software gives you access to thousands of trading charts, price alerts, 70+ technical indicators, and more. If you are an experienced trader, you can even leverage (1:2000) your fund on the platform.
*all trading involves risk
eToro is our top pick for the best software for buying and selling bitcoin and other cryptocurrencies. The company is one of the biggest online brokers in the world. As of 2021, eToro has over 21 million registered users and a trading volume of $1.5 trillion. eToro is our favourite software for so many reasons. First, we like eToro because the trading app charges zero commissions and very low spreads. For example, when you trade Bitcoin on eToro, the spread on transactions could be as low as 0.75%.
Second, eToro is one of the few cryptocurrency trading software that works on almost all types of devices, including Android and iOS-powered devices. You can use the app on your tablet, computer or smartphone. Third, eToro supports over 40 cryptocurrencies, including top coins like Bitcoin, Ethereum, Tether, Cardano, and Binance Coin. Another reason why we like eToro is the ease of moving digital assets between the software’s app and its wallet, which makes buying and selling of bitcoin and other crypto-assets very easy.
In addition, this software has a built-in social network that allows users to communicate and share ideas with other traders on the platform. This social feature is available to all users, regardless of whether you are using an android or iOS device. eToro users believe the social nature of this software makes trading more fun and exciting.
Another good thing about this software is that its tools are not as complex as what you get on other cryptocurrency exchanges. Setting parameters, viewing charts, drawing charts, and more is pretty easy on this crypto app. Finally, eToro offers excellent customer service. You can contact them directly from your iOS or Android device using the live chat feature available on the app.
Binance is another highly rated cryptocurrency trading software worth mentioning in our best crypto apps in 2022. This software is popular among experienced traders who rely more on technical analysis to buy and sell digital assets. Binance has several built-in technical indicators that make it easier for users to understand market trends and make informed trading decisions. The software also works on iOS and Android devices, making it possible for you to trade on the go using your smartphone or tablet.
One of the reasons why Binance is highly rated is its security features. This software is considered one of the most secured in the crypto market. The company overcame a hacking attempt on its platform on March 7, 2018, without losing clients’ funds. Our experts also like Binance because of the wide range of cryptocurrencies the software supports. You can trade 500+ coins on the crypto app, including the most popular digital assets. What’s more, Binance offers its users leveraged tokens, future contacts and more.
Binance mobile and web versions are user-friendly. The app has a sleek design that is pretty easy to use. You can buy crypto on the platform with just a few clicks. Other handy features you can leverage on the platform include price alerts, recurring buys, bitcoin options, and more. Lastly, trading using this software is not as expensive as some other crypto apps on the market. For instance, Binance only charges about 0.015% to 0.1% on trades. This rate is much lower compared to the average trading fee in the market.
Cons of using Binance
Coinbase is another trading software at the forefront of the cryptocurrency market. The software has about 89 million verified users worldwide, and it is available in more than 100 countries. Launched in 2012, Coinbase has grown to become one of the largest crypto exchanges in the world. It is the go-to software for Americans looking to trade or invest in cryptocurrencies as it is very easy to use, even for newbies. Furthermore, this software is popular because it supports hundreds of crypto and tokens, including Bitcoin, Litecoin, Tether, Ethereum, Bitcoin Cash, Ethereum Classic and more.
Another feature that makes the software a top choice for crypto newcomers is its highly-intuitive and user-friendly platform. You can access your portfolio and track the growth of your assets from the app’s dashboard. What’s more, you can execute trades on this platform with just a few clicks. It is also worth mentioning that Coinbase has a web, Android, and iOS app. When you sign up on Coinbase, you can access your account and buy and sell cryptocurrencies via your smartphone, tablet, laptop, and desktop computer.
Coinbase also has its own built-in wallet, making it possible for you to receive coins from friends and family. Additionally, you can use this software to make payments for goods and services to companies that accept digital currencies. The built-in wallet integrates seamlessly with the trading platform making it more convenient to buy and sell cryptocurrencies. The drawback with Coinbase is that it is more expensive than the software we mentioned above. The crypto app charges about 0.50% spread per trade. Also, the commission on Coinbase is about 1.49% per trade.
Gemini is the best software to use if you are looking at investing in digital assets and tokens for the long term. This crypto app focuses more on investing than trading. So you won’t find technical tools and charts on this platform. However, the software features line charts that you can use to track crypto price changes. In addition, Gemini offers features like price alerts which you can use to know when the price of a digital asset hits a new high.
It also allows users to set up recurring crypto investments. You can set the software to make frequent crypto purchases for you. This way, you can accumulate lots of digital assets and tokens and build your position over time. Another awesome feature we like about Gemini is that the software allows you to make passive income. You earn interest when you store your digital assets on this platform. Gemini makes money and pays you interest by lending your cryptocurrencies to institutional digital asset borrowers that have been vetted by the company.
In addition, you can download and use Gemini on most android and iOS devices. You can also access your account via a laptop or desktop computer. Another feature worth mentioning is Gemini Pay. This feature allows you to make payments for goods and services in 30,000+ retail shops using your digital assets. Finally, Gemini supports a good range of cryptocurrencies, including popular ones like Bitcoin, Bitcoin Cash, Ethereum Classic, Tether, Dogecoin, Litecoin, and more.
Our list of best crypto assets in 2022 won’t be complete without a mention of Kraken. This trading software is one of the oldest crypto exchanges in the market. Kraken is regulated by FinCEN. So you can be sure that you are in good hands when you sign up on this platform. Crypto traders and investors also like Kraken because it allows you to convert your digital assets to fiat seamlessly. You can exchange bitcoin and other cryptos for USD, Euro, GBP and Canadian Dollar with ease on Kraken.
Another feature that stands out Kraken from the market is its mobile friendliness. There is an iOS and Android app you can download on your mobile device to access your portfolio and trade cryptocurrencies. In addition, Kraken supports more than 90 cryptos. You can access almost all the top coins in the market using this software. Kraken also has an advanced app, known as Kraken Pro, that features an order book and a maker/taker price structure.
One of the reasons we added Kraken to our list of best cryptocurrency trading software is its low transaction fees. The app charges a tight spread. So you are sure to save money by using this software to buy and sell crypto assets. Furthermore, Kraken has many security features you can use to protect your account. Some of the notable security features include 2FA, Global Settings Lock, Master Key and more.
We evaluated hundreds of crypto assets before narrowing our list to the best six. Only the cryptocurrency trading apps that make our cut for the core areas we consider got a spot on our list. Some of the key areas we focus on when making our selections are:
When analyzing crypto trading software, the first thing we do is to check the regulatory authority. We ask the question, does a top-tier body regulate this app? If yes, we move to the next evaluation criteria. The appropriate bodies regulate all the software on our list of best crypto apps. Some of them, like eToro, is even regulated on multiple fronts. For example, eToro is regulated by SEC, FCA, ASIC, and CySEC. So when you deposit funds on this crypto trading platform, you are assured that your capital is safe. Please, note that not allcryptocurrency exchanges and brokers have licenses to operate. You will be putting your money at risk if you use unlicensed trading software.
We don’t want our readers to be limited to a small number of digital assets. So we only recommend software that supports a good range of cryptocurrencies. All the apps we listed support almost all the top cryptos in the market. For example, you can buy and sell over 500 cryptocurrencies on Binance. Similarly, you can access dozens of digital assets on eToro
Some of the factors we consider here are trading commissions, deposit fees, and spreads. We prioritize software that charges zero commissions while still offering its users high-quality service. In addition, we look at each app’s spread to understand how they charge. We only recommend apps with tight spreads and low deposit fees.
Our experts check hundreds of crypto apps to ascertain how easy they are to use. While we found our way on some apps in a few minutes, others took us several hours. Only apps that are pretty straightforward to use made it to our list. Here, we also consider the mobile compatibility of each of the apps. We check if they work on Android and iOS devices. We only recommend Apps that you can download on Google Play Store or App Store.
We also considered the tools and features available on each app when making our decision. Our experts always look out for software with useful features like technical charts, drawing tools, price alerts, stop loss, built-in wallets, and more.
Before listing any software in our list of best crypto apps, we ensure it offers excellent customer service. You can contact the representatives of all the mobile apps we listed in real-time via their live chat feature. In addition, users can also connect with them via email and phone.
The best crypto apps in the market in 2022 are eToro, Capital.com, Binance, Kraken, Gemini, and Coinbase. All the software on our list are regulated by top-tier authorities, charge low transaction fees, supports multiple cryptocurrencies, and have loads of handy features and tools you can use to trade.
Based on our research, we believe eToro is presently the best crypto app in 2022. It is regulated on multiple fronts and offers users zero transaction fees. eToro also has several tools you can leverage to make smart trading decisions.
The crypto apps with the lowest trading fees in 2022 are eToro, Capital.com, Binance, Coinbase, and Kraken. All the listed apps have low commissions and tight spreads.
A crypto broker is an investment platform. Here, you invest your digital assets and earn profits on them. Some brokers also allow users to buy and sell crypto on their platform. However, a crypto exchange is a platform for trading cryptocurrencies only.