In this guide, we will analyze the best cryptocurrency apps, their features, and their distinctive traits.
For the uninitiated, cryptocurrencies are virtual currencies that can be bought, sold, exchanged, or used for purchases. Crypto is a constantly growing market and, if cultivated with work and method, it can become an interesting financial opportunity.
An essential element to be able to operate profitably is the tools used in one's investment activity.
It is therefore essential to learn to identify the safest brokers and apps to operate with, to conduct your operations in peace. It is not uncommon to meet unprepared users and be moved by the desire to produce profits quickly and without the slightest intervention, who delegate operations to phantom automatic platforms that promise to identify the most profitable operations independently and without the probability of error.
These are fraudulent and dangerous systems that fuel the ambition of easy earnings but aim only to collect initial deposits without producing real results.
For these reasons, we would like to provide all the useful information to choose the right tools with which to invest online.
Here is a list of all the aspects to consider when evaluating crypto investing app:
Licenses from Cysec, Consob, FCA, or other European supervisory bodies
No fixed costs or commissions when opening and closing positions
Demo account to learn how to use the app and test strategies
The low minimum deposit that allows everyone to start investing
Efficient assistance, available every day and in Italian
Training material or functions that allow even beginners to learn how to invest
One of the apps that meets all these requirements is eToro, a safe and easy-to-use broker, one of the most popular and appreciated for cryptocurrency trading and more.
Among its advantages, there is also the double possibility it offers to invest in cryptocurrencies. It allows both the actual purchase of the token and the trading through CFDs.
1.eToro
US license: ✅
Actual purchase: ✅
CFD trading: ✅
We have already mentioned eToro, one of the best-known and most used brokers in the world. Used by over 10 million people, it is appreciated for its extreme simplicity of use and for the speed with which it allows to conduct operations.
The broker is available on the app for iOS and Android and, among its qualities, there is certainly that of supporting both operations with CFDs and the actual purchase of tokens.
Operation with CFDs
CFDs (Contract For Difference) are derivative instruments that allow you to bet on the price change of an asset. Trading crypto through CFDs means that you will not own the asset directly but you will be able to earn thanks to its changes in value, whether it goes up or down.
The actual purchase of tokens
eToro is the only CFD broker that also allows the actual purchase of assets. To buy the crypto you are interested in, just enter the specific section, select the cryptocurrency you want to buy, and click on "buy".
In addition to these features, behind the considerable popularity of eToro, several other factors make the platform a very efficient tool with which to invest online, whether you are a professional trader or a budding investor.
The broker is internationally regulated, is user-oriented through constant and valid online assistance, and allows you to start trading cryptocurrencies in a few clicks. And all without commissions and fixed costs.
In addition, eToro offers the highly appreciated Demo Account and Copy Trading functions.
The latter we can say that they are the cornerstones of the app.
Thanks to the Demo Account, every new user can benefit from a demo platform in which to test their skills and start operating with unlimited virtual credit. Which is very useful to be able to learn about the dynamics of the platform without the fear of losing money.
Copy Trading, on the other hand, represents one of the most important innovations in the field of online investments in recent times. The function, in fact, allows users to copy the operations of the most capable traders to replicate the results.
It follows the possibility of starting trading at a profit right away thanks to the performance of the most experienced investors.
2. Plus500
US license: ✅
Actual purchase: ❌
CFD trading: ✅
One of the best-known and most popular brokers in Italy and in the world is the Plus500 platform. Conceived to make trading with cryptocurrencies and other assets accessible to all, it is one of the most used in the world of online finance and has millions of active users every month.
One of the most appreciated components of the broker is its operational structure. Also available for smartphones, Plus500 is extremely intuitive and very quick in the necessary operations, this to allow new users to operate smoothly and not difficult activities.
Among the features that make the app one of the most used, we find the possibility of opening a Demo Account and very Low Spreads.
These factors make the tool practicable and accessible, both from an economic and a technical point of view. Those who do not yet have the perfect command of the trading activity, in fact, are allowed to operate with a Demo Account, accessing a virtual credit of over $ 10,000.
All this, combined with the not particularly expensive deposit required, makes the platform and its application a useful and very performing means with which to start investing in cryptocurrencies.
Sign up now and discover cryptocurrency trading!
3.Trade.com
US license: ✅
Actual purchase: ❌
CFD trading: ✅
One app we often recommend is the global broker Trade.com. Recognized as one of the most valid and performing, it is also regulated and extremely simple in its use.
To make it a particularly efficient tool, in fact, is the possibility to register and open positions in a few minutes even with your own mobile version (downloadable for free from the iOS and Android stores) with extreme transparency and without the unknowns and technical difficulties that characterize the obscure automatic platforms, much promoted on the web.
Also, like the apps we mentioned earlier, Trade.com also allows you to open a demo account. In this case, it is called a stock market simulator and allows users to test and operate on the platform in a trial version, very faithful to the original.
Among the best known and most useful benefits of Trade.com, however, there is the possibility of accessing the support of a dedicated Account Manager, a trading and cryptocurrency expert at the complete disposal of users in the process of trading, especially those who are still little experts.
All this makes the platform and its mobile app a tool to be explored and a broker that ranks among the best in circulation.
Discover the platform and start investing without fixed costs!
4. Iq Option
US license: ✅
Actual purchase: ❌
CFD trading: ✅
Another noteworthy app is IQ Option. Regulated internationally, the platform is one of the most accessible of the existing ones and is very popular among budding traders.
This is due to a series of advantages that the broker offers to those who decide to start trading cryptocurrencies, including a very performing mobile app, a simple and intuitive interface, and the possibility of practicing investing in crypto through a Demo Account, without investing real money.
Among the other features that make this platform, particularly popular among budding traders are the initial deposit of only € 10 (probably the lowest among the brokers available at the moment and the extensive training material made available to users for free (such as videos lessons and the official blog).
5. OBRinvest
US license: ✅
Actual purchase: ❌
CFD trading: ✅
Among the most popular apps in the cryptocurrency ecosystem, there is also OBRinvest. This broker, regulated and authorized globally and available on smartphones with a convenient mobile app, is also one of the most complete among those active today.
The notoriety of the platform is certainly due to some of the advantages that distinguish it, such as reliability, safety, efficiency, and simplicity.
Among the benefits offered by OBRinvest, however, there are some really interesting elements aimed above all at supporting those who approach the world of online trading for the first time.
Among these, there is certainly that of Trading Signals, automatic indications produced by the platform with the aim of specifically guiding users during their operation. This function is also extremely innovative and makes the broker one of the most used in its scenario.
To facilitate entry into the world of investments for beginners, OBRinvest also offers a free eBook, written by professionals, which is configured as a real complete guide to trading.
An aspect not to be overlooked is also the possibility of opening a Demo Account before starting to invest real money. The platform and application, in fact, provide new users with a faithful replica of the real platform, on which to test, operate and make investments by means of a virtual credit. A very useful feature not to discourage the first trading operations due to the fear of losing money.
Finally, OBRinvest operates commission-free. This, together with all the other advantages that we have listed, makes OBRinvest one of the most valid tools for investing in cryptocurrencies.
6. Kraken
License ME: ❌
Actual purchase: ✅
CFD trading: ❌
This Exchange, also available as an app, provides users with 72 Tokens. It is one of the most popular platforms for the exchange of crypto and this obviously brings advantages (thanks to a large number of users on the platform with which to trade).
To this advantage is also added a site that is easy to use for anyone also thanks to the Route function, that is, targeted routes to follow, based on the type of user we identify with. In addition, the app offers numerous charts and analysis tools on price, volume, and other metrics.
It must be emphasized, however, that although Kraken is considered a fairly secure platform and its security protocols are sufficient to protect users' activities since it is an exchange and not a real broker, it does not enjoy approval. of Consob.
Also unlike the brokers, we have listed so far, Kraken charges a 0.9% commission for any stablecoin, which rises to 1.5% for any other crypto or FX pair.
7. Coinbase
License ME: ❌
Actual purchase: ✅
CFD trading: ❌
Coinbase is one of the most famous exchanges in the world. It is present in 32 countries and has over 50 million users and recently went public. Despite this, however, it has not obtained Consob certification since it does not comply 100% with the safety and transparency rules imposed by the European Union.
If it were to obtain the approval of the European bodies responsible for controlling this type of app, it could prove to be particularly advantageous for several reasons.
In fact, it provides access to training resources to deepen one's knowledge as well as a clear and easy-to-monitor dashboard.
In addition, although it applies a commission of $ 0.90 for each operation, it does not require any minimum deposit and allows you to "earn by learning" thanks to the Coinbase Earn function (thanks to which you can get free tokens every time you pass the quiz at the end of each course).
8. Binance
License ME: ❌
Actual purchase: ✅
CFD trading: ❌
Binance is another particularly popular platform that attracts the interest of thousands of traders every day. In addition to being an Exchange, in fact, it is also a cryptocurrency wallet and provides its own cryptocurrency called Binance Coin.
Among its peculiarities, we find the well-stocked academy which has almost 300 articles on all topics concerning financial markets and cryptocurrencies.
Furthermore, Binance has attracted the interest of many football fans as it has made available the Fan Tokens or cryptocurrencies linked to the main football teams. Investing in Fan Token is a bit like investing and supporting your favorite team.
Although these functions are highly appreciated by users, Bitcoin has not obtained Consob approval, due to compliance issues.
9. Bitpanda
US license: ✅
Actual purchase: ✅
CFD trading: ❌
Bitpanda is a European Exchange, based in Vienna and, unlike those mentioned above, has received the approval of Consob.
Its app, available for both iOS and Android is considered one of the best cryptocurrency apps due to its security, ease of use, and also thanks to the fact that the commissions for the purchase of Bitcoin are very low. In addition to the latter crypto, over 60 virtual coins are available on Bitpanda and for each of them, there is an in-depth sheet with details on its history and a graph that clearly shows the price changes.
Among the characteristic functions of Bitpanda are:
Bitpanda Swap allows you to exchange one cryptocurrency with another instantly and without limits on transactions
BEST (Bitpanda Ecosystem Token), that is a sort of loyalty program accessible simply by verifying your account and performing at least one transaction on a monthly basis.
The only disadvantage of Bitpanda is that it has some fees, although they are very low.
10. Investing.com
License ME: ❌
Actual purchase: ❌
CFD trading: ❌
Investing.com is a multilingual platform that presents a lot of useful information for traders (both novice and experienced).
What distinguishes it is precisely the completeness of the training material that it makes available to users.
In fact, on this platform it is possible to find:
A Tools section where you can find any information useful for trading (such as holiday calendars or the forex volatility calculator).
Technical analysis of numerous assets which also include very useful interactive charts.
News is published in real-time both written and in video format (the latter are generally in-depth information on hot topics).
On this platform, it is not possible to buy or trade crypto but it is an essential source for obtaining information on brokers, markets, and virtual currencies. Here, in fact, it is possible to obtain information on more than 100 cryptocurrencies, among which the most interesting are:
Bitcoin
Ethereum
Tether
Cardano
Ripple
Polkadot
Chainlink
Solana
The only negative point is the difficulty in navigating the app encountered by many users. Probably, given the many functions made available, the understanding of the functioning of the platform is not immediate and it takes a while to be able to fully exploit its potential.
Conclusions
In this article, we have tried to clarify and deepen all aspects related to the crypto world and to the apps to invest in it.
We have shed light on the fundamental requirements that an app should have in order to invest profitably, we have underlined the main technical problems that could be encountered in case of inadequate tools and, above all, we have provided useful ideas and information on the best apps. of cryptocurrencies
In light of what has been said in the course of the article, therefore, we can confidently affirm the substantial benefits given by brokers such as eToro, Trade.com, Plus500, and IQ Option, Among the main advantages we have the quality of service, system ease, speed of operations, Demo Accounts, Trading Courses, and very low Initial Deposits, which aim to spread a sound knowledge of online investments and deep transparency.
As for the Exchanges, however, we have seen how, despite having very advantageous and interesting functions, at the moment they are not approved by the European control bodies (except for Bitpanda).
In conclusion, we can say that the world of cryptocurrencies presents interesting opportunities, as long as you invest with awareness, relying on simple and safe apps, and only after having trained and informed enough.
best article very informative
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