The 4 best crypto trading apps on Android


The cryptocurrency boom is getting bigger and bigger; People around the world are finally realizing that cryptocurrency is more than just a trend. Many places now accept Bitcoins and Ethereum as valid means of payment for goods or services.

Mining and trading cryptocurrencies are among the most popular investments in 2021, and chances are you even have a nifty crypto portfolio to yourself.

If you are into cryptocurrency trading and keep an eye on your cryptocurrency assets, you need to have access to a reliable and robust cryptocurrency trading app on the go. Read on as we take a look at the best cryptocurrency apps for Android.

What Makes a Good Cryptocurrency App?

Before we dive into the best cryptocurrency apps for Android, it is important to understand the typical features of a cryptocurrency app and what makes a good cryptocurrency app. To choose the most suitable app, you need to decide which is more important.

Ideally, the best cryptocurrency app should have a wide range of available currencies to buy from, with low transaction fees and exceptional security features that will protect your assets. There are over 2,000 cryptocurrencies listed, but only a handful are available for trading on the most popular crypto exchange platforms.

If you only want to trade cryptocurrencies like Bitcoin or Ethereum, there is no need to consider altcoin support when considering a suitable cryptocurrency app.

Crypto apps on Android

If you are trading on the Android app on a regular basis, it is crucial that the app has low transaction fees and is feasible. It is also important that the platform is available as a desktop or web app.

Often times, cryptocurrency apps are not allowed to operate in some regions, so you need to be sure that the cryptocurrency app you choose will work legally in your state or country. A well-designed, easy-to-use user interface is also essential in any crypto trading app.

Related: What Is Crypto Mining And Is It Dangerous?

Now that you know what to expect in a cryptocurrency app, let’s take a look at the best cryptocurrency apps for Android.

1. eToro

eToro is an exceptional all-round cryptocurrency app trusted by millions of Android crypto traders worldwide. Buying and selling on eToro is relatively easy, and you retain full ownership of your assets. The most important feature of eToro is the extremely low transaction fees.

The platform does not charge you any commission when purchasing cryptocurrencies or depositing funds into your account. However, you pay a tiny 0.5% currency conversion fee for non-USD deposits. You can cash out and withdraw funds to your bank account by paying $ 5 per withdrawal.

However, the platform does not allow you to withdraw your crypto assets to a private wallet, so your assets will remain on eToro until you make a withdrawal. The Android app is well designed with an easy to use minimalist user interface.

eToro only offers a handful of popular cryptocurrencies like Bitcoin, Ethereum, and Ripple. If you want to trade altcoins, make sure they are available on the eToro platform before signing up.

All in all, eToro is a fantastic cryptocurrency trading app that is well regulated and offers very low trading fees.

Download: eToro (free)

2. Binance

Binance is one of the world’s largest trading platforms for cryptocurrencies for Bitcoin and Altcoins. It supports over 200 cryptocurrencies and is very well regulated.

If you have recently started trading cryptocurrencies, we strongly recommend that you log into Binance due to the very user-friendly platform and help tutorials. Beginners can use the lite mode of the mobile app to start their “trip to the moon”.

Another major benefit of trading on Binance is the numerous deposit options such as bank deposit, credit or debit card, peer-to-peer trading and even crypto deposit.

The flexibility allows investors to add funds to their accounts through a variety of methods. This is incredibly useful in countries where credit / debit cards are not supported on Binance. You can use peer-to-peer to trade crypto directly with other companies or users.

Binance does not charge you any fees when you deposit funds into your account, but the withdrawal fees are automatically adjusted based on the market status. The trading fee on Binance is very low and depends on your assigned tier. In addition, you can always get lower trading fees using Binance’s native BNB coin.

Download: Binance (free)

3. Coin base

Coinbase is probably the most popular cryptocurrency trading platform in the world. It has fewer altcoins compared to Binance but supports all major coins. It also offers tutorials for beginners that can help you understand the basics of crypto trading.

A major disadvantage of Coinbase is the extremely high transaction fees compared to competitors such as eToro or Binance.

The transaction fees can be pretty confusing. When you choose Coinbase Pro, you pay lower transaction fees and have a straightforward pricing model that depends on the liquidity of your assets and monthly trading volume. However, the user interface for Coinbase Pro can be a bit overwhelming if you’ve just started trading cryptos.

The Coinbase app has a phenomenal user interface that is modern and easy to use. It shows you the overall market winners and losers in no time and keeps you up to date with important crypto updates.

Coinbase is the largest cryptocurrency exchange in the US, but high trading fees can be problematic if you’re not using Coinbase Pro.

Download: Coinbase (Free, Premium version available)

4. Octopuses

Founded in 2011, Kraken offers a range of available cryptocurrencies with top notch security, making it a great crypto exchange for both novice and experienced traders. The platform takes security to a whole new level. 95% of the deposits are stored offline worldwide, whereby the platform servers are also strictly secured.

Kraken offers low trading fees depending on whether you are a buyer or a seller. Low volume traders pay approximately 0.16% maker fee and 0.26% taker fee. However, using the Buy It Now feature may cost an additional 1.5% fee to sell, buy, or convert orders. Kraken offers significantly lower transaction fees compared to Coinbase.

Kraken offers users over 50 cryptocurrencies to try their hand at. Bitcoin, Ethereum, Cardano, Flow and more are available for trading.

Kraken’s Android app has a very modern and intuitive design. You can quickly check your portfolio and market prices, and even get the latest news and updates on each cryptocurrency.

Download: Kraken (free)

The best cryptocurrency app for Android

There’s no denying that cryptocurrencies are the future, and with the right cryptocurrency app by your side, you will be better able to make the right decisions. Binance and eToro are exceptional cryptocurrency platforms that keep your assets secure and require low commission fees while delivering comprehensive mobile apps.

Just make sure you understand the risks of cryptocurrency before you start and invest wisely.

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