What is cryptocurrency? What is blockchain? How does it work? These questions are often asked by new investors who want to get into the crypto space. If you don’t know much about these topics, then you should read our guide on ‘Cryptocurrency’ before investing. It’s a great place to start!
Cryptocurrency has become a hot topic in recent years. Many people are now investing their money into cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, etc. Cryptocurrencies are becoming increasingly popular among investors and speculators because they offer high returns and low volatility.
Here are 11 apps that will help you manage your crypto portfolio and trade them effectively.
Coinbase
Coinbase is one of the most popular exchanges where users can buy, sell or store Bitcoin (BTC), Ether (ETH), and other coins. The app offers an easy interface with a wide range of payment options including credit cards, bank transfers, and gift cards. You can also use Google Pay and Apple Pay to purchase BTC.
Features:
Easy signup process
Buy/sell/store Bitcoin, Ethereum, Litecoins, and more than 100 other cryptocurrencies
Use multiple payment methods like debit card, credit card, PayPal, bank transfer, gift card
Pros-
Easy to Use
Wide Range of Payment Options
Cons-
No Support For Other Currencies
Mycelium
Mycelium is another popular exchange platform that allows users to buy, sell and hold various cryptocurrencies. The app supports multiple currencies like USD, EUR, GBP, JPY, AUD, CAD, CNY, HKD, SGD, ZAR, and more. Users can easily deposit funds using debit cards, wire transfers, SEPA, Western Union, Skrill, Neteller, PayPal, and many others.
Features:
Buy/Sell Cryptocurrency
Deposit Funds Using Debit Card, Wire Transfer, SEPA, WesternUnion, Skrill, Neteller, PayPal, etc.
Pros-
Multiple Currencies Supported
Easy To Deposit Funds
Cons-
Limited Features
Binance
Binance is one of the largest cryptocurrency exchanges in the world. This decentralized exchange was launched in 2017 and has been growing rapidly ever since. It currently supports over 300 different tokens and boasts a user base of millions worldwide. Binance provides its own token called BNB which acts as a form of currency within the ecosystem.
Features:
Trade Cryptocurrencies
Earn Free Tokens
Send And Recieve Money
Store Your Coins
Pros-
Large User Base
High Volume Of Transactions
Free Token Generation
Cons-
Not Available In All Countries
Kraken
Kraken is a well-known cryptocurrency exchange based out of San Francisco, California. The company was founded in 2011 and has grown to be one of the biggest cryptocurrency exchanges today. Kraken focuses mainly on spot markets, allowing traders to buy and sell bitcoins instantly. They support both fiat currencies and cryptocurrencies.
Features:
Instant Spot Trading
Fiat Currency Support
Bitcoin Cash Support
Ethereum Classic Support
Litecoin Support
Zcash Support
Dash Support
Pros-
Instant Spot Trading
Support For Fiat Currencies
Cons-
Limited Number Of Currencies
ShapeShift
ShapeShift is a multi-crypto wallet and exchange service that lets you convert between different types of coins without having to worry about storing any private keys yourself. When you sign up for an account, you get $10 worth of bitcoin to start off with.
Features:
Convert Between Different Types Of Coins
Receive Payments Via Bank Account
Get Paid With Bitcoin
Create Custom Wallets
Pros-
Simple Interface
Payments Received In Bitcoin
Cons-
Limited Amounts Of Each Coin
Blockonomi
Blockonomi is a free app available for iOS and Android devices. The app helps you monitor all the major cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, Dash, Monero, Dogecoin, Stellar Lumens, EOS, IOTA, NEM, Qtum, and many more. The app also features price charts, market data and news updates.
Features:
Monitor Major Cryptocurrencies
Price Charts
News Updates
Cons-
Limited Features
Changelly
Changelly is a crypto-to-crypto exchange that allows you to trade directly from one coin to another. You don’t have to wait for the order to fill or pay fees when trading through Changelly.
Features:
Change From One Type Of Coin To Another
No Fees On Exchange
Pros-
Low Transaction Fee
Quick Order Filling Process
Cons-
Limited Currencies
LocalBitcoins
LocalBitcoins is a peer-to-peer platform where users can connect with each other and arrange trades in person. It is similar to Craigslist but instead of posting ads, users post their requirements and then find someone who wants to fulfill those needs.
Features:
Peer-To-Peer Marketplace
Buyers Post Requests
Sellers Reply
Pros-
Easy To Use Platform
P2P Marketplaces
Cons-
Requires A Meeting Place
Bittrex
Bittrex is a popular cryptocurrency exchange that is headquartered in Seattle, Washington. The website supports both fiat currency deposits and withdrawals. Users are able to deposit and withdraw various altcoins including Bitcoin, Ethereum, Zcash, Litecoin, Ripple, and others.
Features:
Deposit And Withdraw Funds Using Fiat Currencies
Support For Various Altcoins
Pros-
Highly Rated Website
Wide Range Of Supported Currencies
Cons-
High Fees
Gemini
Gemini is a regulated US-based cryptocurrency exchange that was launched in 2015. The company provides its customers with access to Bitcoin, Ether, and USDT (Tether). Gemini offers several payment methods including wire transfers, SEPA, and credit card payments.
Features:
Regulated By The NYDFS
Bitcoin, ETH, & USDT Supported
Wire Transfer Payments
SEPA Bank Account Transfers
Pros–
Multiple Payment Methods
Fiat Currency Deposits
Cons-
Limited Number Of Countries
Conclusion
If you want to buy Bitcoins, it is important to choose a reliable and trusted source. We hope this list will help you make a better decision. If you know of any other exchanges that should be on our list, please let us know in the comments section below.
