More and more cryptocurrencies are available on the market, and with the growth of these options, we have an increased number of crypto-trading apps. Through these apps, you can buy, sell, and manage your digital assets directly from your phone or computer.
Of course, with many options come differences in quality. In this article, we’ll explain how to find the best apps for crypto trading in 2024. So, if you’re interested in starting your crypto journey, make sure you read our guide.
Understand Your Trading Needs
Before you decide on an app, you should know what you’re looking for based on your needs. If you’re a beginner, an easy-to-understand interface is a must. It will allow you to grasp the knowledge more quickly and go through the basics within the first few times of using the app.
On the other hand, if you’re an experienced trader with crypto casino experience, you’ll need more complex options, like charts and indicators. By understanding your goals and requirements, you’ll be able to find an app that allows you to shine while trading.
Coinbase and Binance Lite have proven to be the best options for beginners at the moment, while Kraken Pro and Bitfinex seem like the apps most experienced traders are using. For those looking to leverage the benefits of P2P trading, such as zero fees and direct peer-to-peer transactions, Bybit P2P is a strong contender.
Look for Security Features
You can’t forget about security while you’re online. Of course, the same goes when choosing a crypto app. You’ll be exchanging assets through this program, so make sure it’s keeping your information safe and private.
Make sure the apps you decide on include:
- Two-factor authentication (2FA): Adds an extra layer of protection.
- Cold storage: Keeps most funds offline, away from hackers.
- Insurance coverage: Some apps, like Coinbase, offer insurance for funds held on their platform.
- Regulatory compliance: Apps that follow government regulations are generally safer to use.
Check Fees and Costs
All of these apps will have certain fees, but not all of them will cost the same. Look for apps with smaller:
- Trading fees: These are charged when buying or selling crypto.
- Deposit and withdrawal fees: These fees are added while moving funds in and out of the app.
- Hidden fees: Try to avoid apps with hidden fees you’re not expecting.
Explore Supported Coins and Features
Keep in mind that not all apps support all cryptocurrency options. So, if you plan on working with some less-popular options, make sure that they are offered in the app you wish to use. On top of that, you should consider the additional features available in the app.
These include copy trading, staking and earning, and real-time data and analytics, which can all help you on your trading journey.
Read User Reviews and Ratings
Other people have already gone through the same process. They’ve analysed different apps in search of the best one. Many of them have left comments and reviews that explain their findings and can help you in your search as well. Feel free to consult with the experiences of others before you make a final decision yourself.
Test the App’s User Experience
If you’re not comfortable using an app, all of its features won’t help. Make sure your choice is easy to use and you can navigate to all areas without any discomfort. Test the app’s performance before you decide on any major investments, so you’re certain your funds are in the right place.
Conclusion
The process of finding the best crypto app isn’t difficult if you know what you’re doing. Firstly, know your preferences, then check for features, and finally, do a personal test. Go through the steps from above when choosing your crypto trading solution, and you’ll find the perfect app in no time.
