The best crypto apps for beginners in 2024

Explore some of the best cryptocurrency apps for beginners, including Binance, Bybit, eToro, Coinbase, and Kraken.

When it comes to crypto, finding the right platform to start your digital asset journey is crucial. For beginners, many people often ask the following question: What are the best crypto apps for beginners?

This article will shed some light on the subject by reviewing some of the best beginner crypto apps on the market. These platforms not only offer easy-to-use interfaces and low fees, but also robust security measures, ensuring a smooth and safe trading experience for novice crypto investors.

Binance Binance application interface | Source: Binance.com

Our search for the best cryptocurrency apps for beginners starts with Binance. The crypto trading platform is statistically the largest in terms of trading volume. Looking at the latest data from CoinMarketCap, Binance has the highest average weekly visitors.

According to a recent Coingecko report, Binance had a 49.7% share of market activity among centralized exchanges in March, with spot trading volumes exceeding $1.1 trillion during the month.

The platform has an app that is available on both Android and iOS and is accessible to users in most countries worldwide.

However, the company discontinued its services in Canada and the United Kingdom due to regulatory challenges. American operation Binance. The US also offers a much more limited number of cryptocurrencies for trading compared to the international version.

The platform has a very easy-to-use interface, a section called “Binance Square” for beginners to learn about crypto, and a professional version for investors who understand the market well. However, users must go through the know your customer (KYC) verification process in order to use the cryptocurrency exchange. The platform also uses a two-factor authentication security measure (2FA) to ensure the security of funds.

Binance’s exchange rates and fees start as low as 0.1% for spot transactions. You can also swap between more than 500 cryptocurrencies at zero cost.

Additionally, there are promotions where investors can buy, sell and trade Bitcoin (BTC) for free. New users can also take advantage of transaction discount fee coupons, which they can use to reduce their transaction fees.

Pros 500+ crypto tokens available Token swaps are free Minimum spot trading fee Advanced and robust NFT market Copy trading Supports margin and future trading Cons Restricted in some countries. ByBit

ByBit is another great crypto trading app for beginners. The platform offers a variety of trading options and approximately 150 derivative contracts. According to Coingecko statistics, ByBit has over 460 coins and 551 trading pairs, and its 24-hour trading volume is up to $3.2 trillion.

Bybit application interface | Source: Bybit.com

The exchange charges fees as low as 0.1% on spot transactions and even lower for higher VIP levels; These fees increase as users continuously trade on ByBit.

Although the crypto exchange has KYC, it is not mandatory as it depends on the features and jurisdiction the user wants to access. Similar to Binance, ByBit also leverages 2FA for its customers.

The app’s user interface is relatively easy to maneuver for beginners trying to get comfortable with crypto trading. ByBit also has features like buying and selling crypto through certain decentralized finance (defi) activities such as crypto mining and yield farming, among others.

Moreover, it offers copy trading, which is an indispensable tool for beginners. Copy trading allows an investor to trade by following trading sequences of expert traders.

The crypto trading app includes various methods of depositing fiat and cryptocurrencies, including wallet transfers, inter-exchange transfers, fiat gateway services, payment cards, and OTC trading services for those looking to deposit large amounts of fiat and cryptocurrencies.

Pros Has a learning platform for beginners Support for both iOS and Android Can trade selected coins and receive APY Built-in wallet and NFT backup available Cons User experience can be cumbersome for beginners Restricted in some countries. eToro

When it comes to trading apps for beginners, eToro is another one you can consider. It has an investor-friendly interface and a variety of quality trading alternatives. It is also well-suited for social trading and can also be used as a traditional financial trading application for those interested in stocks, shares, exchange-traded funds (ETFs) and bond markets.

eToro application interface | Source: eToro.com

Available on Android and iOS, the eToro app is designed to minimize confusion. It includes tabs to control your portfolio, discover new investments, and a chart to help you follow market trends.

The platform also includes a separate, free app called eToro Money, which is available only on mobile devices and offers instant deposits and withdrawals with no foreign exchange fees on all deposits.

According to Coingecko, the crypto trading platform offers investors over 100 crypto and NFT assets as investment options. Like Binance, the platform also has an “education” tab where crypto beginners can learn about the industry.

The exchange charges approximately 1% of trading fees for listed assets and 2% for withdrawals from in-app trading platforms to the eToro wallet. Like ByBit, eToro helps novice investors follow the trends of experts through copy trading.

To comply with regulatory laws and increase security, eToro users are required to undergo KYC procedures. 2FA security measures are also available to protect users’ funds.

eToro offers its users a variety of ways to deposit both fiat and cryptocurrency, including bank transfers, debit and credit cards, online payment platforms such as PayPal, and direct cryptocurrency deposits to the eToro wallet.

Pros 3,000+ investable traditional assets and 100+ crypto and NFT assets One percent fee for crypto purchases Copy trading Easy-to-use interface Attractive mobile interface Social and investor bent Cons Minimized whitepaper tools for intraday crypto traders Limited Staking options (Only offers staking for Tron and Cardano.) Inactive accounts with zero logins within 12 months will be charged a 10% fee. coinbase

Coinbase suits altcoin investors who need unlimited fiat currency support. The platform has a variety of features to suit all levels of trading expertise, a beginner-friendly interface, and learning materials for new crypto investors. Coinbase actually allows students to get free crypto for taking online courses and getting familiar with blockchain.

Coinbase app interface | Source: Coinbase.com

The crypto trading platform features over 240 cryptocurrencies, including market favorites like Bitcoin, Ethereum (ETH), and Dogecoin (DOGE). Regarding trading fees, the crypto trading app charges around 0.5-4.5% for spot transactions, depending on the amount traded. The platform also provides a good crypto wallet for beginners.

To use the app’s services, you must go through a KYC verification process in which you provide personal information including your full name, government-issued IDs or passports. Like other popular crypto apps, 2FA is available on Coinbase.

The crypto trading app accepts various payment methods to buy cryptocurrencies. These include PayPal (available in the US only), bank account transfers (also limited to the US), and credit/debit card deposits.

Pros Publicly available on US exchanges Different apps to buy and trade crypto Get crypto to attend learning courses Cons Extra spot trading fees Minimal trading features for professional traders Kraken

Kraken offers the opportunity to trade over 230 cryptocurrencies, including popular cryptocurrencies such as Bitcoin and Ethereum, as well as defi currencies such as Uniswap (UNI) and Chainlink (CHAIN). By using the Kraken application, investors can make fast and free transactions through the application and avoid paying extra fees for regular transfers. Additionally, spot transaction fees within the app range from 0-0.26% for listed cryptocurrencies.

Kraken application interface | Source: Kraken.com

Like most popular crypto exchanges, Kraken uses KYC procedures to support regulatory requirements and security across all aspects of its platform, and 2FA for users to protect their funds.

The exchange provides 24/7 customer support and various learning materials for new investors to get to know the site.

Pros Fast and free transactions Round-the-clock customer support Provide proof of funds Incredible learning resources Cons Minimal options for cryptocurrencies accessible compared to other trading apps. Comparison of best crypto trading apps for beginners Crypto AppTokens ListedSpot Trading FeesNumber of Countries AcceptedAndroid and iOS SupportKYC Binance500+0.1%180+BothYesBybit460+0.1%UndisclosedBothYes, but not for all featureseToro100+1%140+BothYesCoinbase240+0.5- 4.5100%+Both YesKraken230+0–0.26%190+BothYes Features to look for in crypto applications

As a new investor, there are a number of parameters that you should not compromise on when looking for which crypto app to use because a simple mistake in crypto can cause you to lose all your money.

These are some of the factors to consider when looking for the best app to buy crypto for beginners.

Security

With its growing popularity and mass adoption, the crypto industry presents many risks for beginners. Therefore, you need to be careful where you invest your money. If the crypto application does not offer various security measures such as 2FA or does not comply with regulatory requirements, investing through such platforms is not recommended.

Number of coins listed

Good crypto trading apps for beginners should have a wide range of coins. But since some cryptocurrencies have regulatory clouds hanging over them, you should research and find out what is legal in your region before taking any action.

Ease of Use

The convenience of an app lies almost entirely in its user-friendly interface, especially for beginners. Since crypto is a bit complicated, it doesn’t make sense to create difficulties for crypto beginners with unusual application interfaces.

Efficient support

A good crypto trading app should have 24-hour support to help users solve every problem they encounter. Beginners need a good customer service team to answer various questions such as how to deposit or withdraw money. You can never go wrong by choosing a crypto trading app with excellent support.