10 Essential Apps for Efficient Crypto Trading

10 Essential Apps for Efficient Crypto Trading

Investing in cryptocurrencies is now easier than ever before, with the availability of user-friendly trading and investing apps. Brokers are now offering the option to buy and sell traditional investments alongside cryptocurrencies, making diversification more accessible than ever. Top crypto exchanges have also developed their own apps, making it even more convenient to trade in multiple tokens. Discover the top 10 best crypto trading apps for trading multiple digital currencies in 2023.

#1 CoinGecko

Looking for a reliable crypto portfolio tracker? Look no further than CoinGecko. This intuitive tool requires manual entries, allowing you to maintain complete control over your data. And with the ability to create multiple portfolios, you can easily track your profits and losses across all your crypto investments.

While some users may prefer automated entries via API, CoinGecko’s approach ensures your investments remain private and secure. Plus, with the ability to input test transactions and plan for the future, you’ll always be able to stay on top of your crypto game.

Best of all, CoinGecko is completely free, so you can enjoy all the benefits of a top-tier portfolio tracker without any cost. Give it a try today and start taking control of your crypto investments like a pro.

#2 Binance

Looking to trade a diverse range of cryptocurrencies, including the popular bitcoin? Look no further than Binance! With its user-friendly interface, low trading fees, and around-the-clock customer support, Binance is an excellent option for traders. Plus, you’ll have access to a wide variety of cryptocurrencies to trade, making it a versatile choice.

#3 CoinMarketCap

Discover CoinMarketCap’s cryptocurrency portfolio tracker, comparable to CoinGecko but with the option to add transactions manually. It’s free and ideal for tracking a smaller number of transactions, plus allows for multiple portfolios and customizable viewing options. Keep in mind, CoinMarketCap’s tracker lacks premium features found in other portfolio tracking platforms.

When looking for the best apps for crypto, you are likely to run out of memory faster than you found everything you wanted. You need to boost your phone by clearing it of everything else. You can do this manually by deleting apps, videos, and photos from your library, or take it easy and use smart cleaning. All you need is an iPhone cleaner that looks for duplicates, temporary files, instant messenger downloads, and all that is of little value. After such cleaning, you will not see the message: “Clean up more memory on your device” for a long time. If it suddenly appears again, the procedure can be repeated.

#4 CoinTracker

Get the most out of tracking your crypto investments with CoinTracker. With support for over 10K cryptocurrencies and 300+ exchanges, you can rest assured that every investment will be accounted for. Transaction import is easy with API key or CSV upload depending on your exchange.

CoinTracker offers real-time market value, cost-basis accounting, and tax-loss harvesting features. You can also access performance charts by date and crypto, along with daily portfolio updates. Try it out for free with five wallets, and upgrade to the paid tiers for more benefits. Keep your portfolios organized with CoinTracker.

#5 Robinhood

Discover Robinhood as more than just a sleek app for stock, options, and ETF trading. Robinhood has entered the world of cryptocurrencies and brought its no-commission structure with them. While trading appears to be free, Robinhood charges a spread markup, allowing costs to be incorporated into the coin’s buy or sell price. With Robinhood’s instant transfer feature, you can quickly begin your cryptocurrency journey with just a quick download.

#6 ZenGo

ZenGo simplifies cryptocurrency trading with 70+ options including popular Bitcoin and Ethereum. Unlike other apps, it offers a straightforward setup using MPC technology to create a non-custodial wallet without the need to manually store private keys. This means you can securely store your crypto without the hassle of paperwork. If something goes wrong with your phone, ZenGo guarantees the recovery of your private key and prevents the loss of your crypto. Trading has never been easier with ZenGo’s user-friendly app available on Android and iOS.

#7 Coinbase

Coinbase is a top-tier digital currency exchange and wallet platform that enables easy and secure buying, selling, and storing of cryptocurrencies like Bitcoin, Ethereum, and Litecoin. With Coinbase Pro, experienced traders gain access to advanced trading options like limit and stop orders, plus lower fees for high-volume trading. Join the millions of users worldwide who trust Coinbase for hassle-free cryptocurrency trading.

#8 eToro

Discover over 3000 investment options with eToro, including commission-free stocks, currencies, ETFs, commodities, and crypto assets. Choose from popular cryptocurrencies like Bitcoin and Ethereum, or explore niche options such as 1INCH, IOTA, and The Sandbox, totaling 79 choices.

Keep in mind that when purchasing crypto assets, eToro charges a 1% fee based on the size of the purchase. For instance, a $1000 Bitcoin purchase would incur a $10 fee for opening and closing a trade.

However, this fee is already factored into the displayed price on the app. So, while the actual price of Bitcoin maybe $30,000, its display price on eToro would appear as $30,300. Start investing smarter with eToro.

#9 OKX

OKX offers both centralized and decentralized exchanges, making it an ideal choice for both privacy-minded investors and those who want to retain sole ownership of their private keys. With over 350 cryptocurrencies available, including emerging options like fan tokens, this platform is a great way to explore the market. Features like staking and customizable trading make it a robust tool for seasoned investors.

#10 BlockFi

Earn up to 10% APY on crypto interests with BlockFi! This platform not only allows you to trade but also to borrow cash without liquidating your crypto assets. Plus, they even enable their users to borrow money.

BlockFi also offers crypto bank accounts and credit cards that let you spend crypto and earn cashback on purchases. And for those looking to invest, our BlockFi Bitcoin Trust provides an investment vehicle and custody service for institutional clients to save and trade crypto while lending and borrowing to other users. You can join BlockFi to experience the future of finance.

Bottom Line

There are numerous crypto trading and investment options available for both novices and experienced investors. To make the best choice, evaluate the features and fees of each platform. With the appropriate resources, anyone can participate in the cryptocurrency boom. Best of luck!