Cryptocurrency has gained a lot of popularity in the last 5 years, but not a big portion of the population has started investing and trading. The most popular ones in the entire world are Bitcoin, Ethereum, and Dogecoin. Each of these three big coins has been through significant actions in the past years. The biggest benefit of investing in cryptocurrency is that you can make significant profits, based on the volatility of speculative assets.
For traders is now easier, because they have more ways to aaces cryptocurrencies. You probably already have an app that lets you trade their coins. For example, Paypal was originally a service for trading money, now lets you invest in crypto. But there’s a wide selection of apps nowadays that offer you many other benefits, including lower costs.
If you want to make some investments in crypto trading, you will need to learn something about the apps that let you trade. In this article, you will find a list of the most popular apps for this domain.
Robinhood
Playing in online casinos in india may bring you a big profit that you will want to invest in a constant source that makes more money. A great investment is cryptocurrency, through the app called Robinhood, a well-known crypto app.
Robinhood is a popular trading app, famous for its slick stock trading, multiple options, and ETF, now having cryptocurrencies available. Also, it gives you the no-commission structure now for the crypto market. Even though cryptocurrency may seem free and easy at first, this app will charge a spread markup for the investments, instead of commissions for every transaction. The number of coins available for trading is seven, including the already famous Bitcoin, Ethereum, and the recent Dogecoin.
eToro
The eToro trading app is mostly focused on crypto, but you can also find available stocks in it, for investment. With a number of 29 cryptocurrencies, eToro offers you some special coins which you won’t find normally in apps like Polygon or Tezos. Like Robinhood, eToro also has a spread markup instead of a direct commission, which can range. From a 0.75 it can reach a hefty 5 percent for many cryptocurrencies.
With a well-known design and a friendly user interface, eToro can be a great partner as an app in the crypto world. If you’re looking for a diverse platform for investments, with crypto and stocks, this app is a great choice for you.
CashApp
Even though when you hear about CashApp you don’t think of crypto at first, this app is a very versatile one. Being preferred by most users as a financial management app, it also can trade stocks and ETFs. When it comes to crypto, this app offers just one coin – Bitcoin. If you need to send bitcoins to another user, you’ll be able to do that for free, but with a so-called small fee. This amount is on hold while making the transaction, but will be disclosed before you place the trade.
Besides that, CashApp also has the addition of a spread markup that is already built into the trade itself. This type of commission doesn’t disclose its exact fee structure.
PayPal
Paypal is already known for its popularity for many years, thanks to the genius of Elon Musk. This app, created at first for money transfers without the intervention of banks has evolved into a helpful service for its users. Now running with cryptocurrency in seconds, investing is flawless and easy to do.
Even though you cannot pay or give crypto to other people, trading is still possible and facile. For every transaction, PayPal charges a fee and has a spread mark-up on trades. For small investments, the fee may vary between only 50 cents and 25 dollars. Above that, Paypal moves to a certain percentage of 1.5 for trades over 1000 dollars. To help the users more, Paypal lists now its fee structure, so that it’s fair for all the users.
Coinbase
For a more specialized app in cryptocurrency, you can try Coinbase. This app allows you to trade a whole bunch of currencies, at the moment counting up to 96 coins. The range of the coins is big so that you can choose between the most popular ones, like Bitcoin, or the least popular ones. Although its services are not free, Coinbase has its fee structure on its website, giving details of every type of transaction.
Nowadays, that structure is a bit more obscure, so its understanding will be a bit difficult. For any trade, you’ll have a 0.5 percent spread markup and a transaction fee depending on the size of the funding. For the Pro version of Coinbase, all fees start at 0.5 percent for trades under 10,000 dollars.
Kraken
Kraken, like Coinbase, is another trading app, specializing in cryptocurrency exchange. Its crypto coins portfolio is very diverse, with Kraken letting you trade with the most popular ones. Aside from those, you will also find coins like Solana, Uniswap, and Cardano, which are not typically available on most used financial apps. Supporting a total of 87 cryptos in their app, Kraken is a great choice for multiple investments.
When it comes to the fees, Kraken usually has a 1.5 percent fee, but for credit or debit cards, Kraken takes a 3.75 percent fee. At the 3.75 fees, you can also be charged with 25 euro cents and an extra 0.5 percent online banking processing fee. These prices can be diminished a lot if you g for the Kraken Pro app, where fees range from 0.16 to 0.26 percent.
Conclusion
Depending on your needs and after reading this article, the best trading app for you will be the one that suits your needs. If you want diversity, you can always choose an app with a big crypto coins portfolio. But if you want to focus on other things you can invest into, an app with stocks and an ETF will be better for you. Along with costs and extra fees, you can now buy cryptocurrencies that will add up to your profits in the future.
