top 10 best app for cryptocurrency trading of 2022

 

top 10 best app for cryptocurrency trading of 2022

THE 10 BEST CRYPTOCURRENCY APPS

In this guide, we will analyze the best cryptocurrency apps, their features and distinguishing characteristics.

For those who don't know, cryptocurrencies are virtual coins that can be bought, sold, traded or used for purchases. That of crypto is a market in constant growth and, if cultivated with work and method, can become an interesting financial opportunity.

An essential element in order to operate profitably are the tools used in your investment activity.

It is fundamental, therefore, to learn to identify the safest brokers and apps to operate with, in order to conduct your operations in serenity. It is not uncommon, in fact, to meet unprepared users driven by the desire to produce profits quickly and without the slightest intervention, who delegate their operations to phantom automatic platforms that promise to identify the most profitable operations independently and without any probability of error.

Obviously these are fraudulent and dangerous systems that feed the ambition of easy gains, aiming only at cashing initial deposits without producing real results.

For these reasons, we would like to provide you with all the information you need to choose the right tools to invest online.

Here is a list of all the aspects to consider when evaluating an app for investing in crypto:

• Cysec, Consob, FCA or other European regulators' licenses
• No fixed costs or commissions when opening and closing positions
• Demo account to learn how to use the app and test strategies
• Low minimum deposit to allow everyone to start investing
• Efficient assistance, available every day and in Italian
• Training material or features 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, it is one of the most popular and appreciated for cryptocurrency trading and more.

Among its advantages there are also the double possibility it offers to invest in cryptocurrencies. In fact, it allows both the actual purchase of the token and the trading via CFDs.

Besides eToro, you are probably wondering what are the other best cryptocurrency apps?

Here is the list of the 10 best cryptocurrency apps:

1. XTB

EU license: ✅

Actual purchase: ❌

CFD trading: ✅

XTB is a safe and reliable broker that can boast certificates and approvals from regulators such as Cysec and FCA.

In addition to security, this app has many other advantages such as the extensive free educational offer. On XTB you can find training courses that will allow you to learn how to invest in cryptocurrencies, do technical and fundamental analysis, discover the main trading strategies and much more.

Among the other features of the broker that are particularly appreciated, there are the customer service in Italian, available 7 days a week, 24 hours a day and the Expert Advisor service. Through the Expert Advisor, it is possible to trade automatically thanks to a software based on algorithms that can scan the market and process a large amount of data in a few seconds.

So the bot will detect trading conditions that satisfy its algorithm and will open and close positions automatically on any opportunity recognized by its algorithm.

Finally, XTB allows its users to practice using the platform by simulating investments with virtual money through the free Demo Account.

2. Capex

EU license: ✅

Actual purchase: ❌

CFD Trading: ✅

Among the most popular apps in the cryptocurrency ecosystem, there is also Capex.  Also regulated and authorized globally and available on smartphones with a convenient mobile app, this broker is one of the most comprehensive among those active today.

The platform's notoriety is definitely due to some of the advantages that set it apart, such as reliability, security, efficiency and simplicity.

Among the benefits offered by Capex, however, there are some really interesting elements and especially aimed at supporting those who approach the world of online trading for the first time.

One of these is the trading signals from Trading Central, one of the most famous technical analysis centers in Europe.

Thanks to this partnership, Capex is able to send you real-time indications that can guide you in a specific way during your operations.

To facilitate the entry into the world of investing for beginners, Capex also offers an Academy. This includes a vast amount of free training material organized into different lesson paths such as "Investments for Beginners" or "Trading and Investment Strategies", as well as tutorials and video lessons useful for learning how to use the platform.

Not to be neglected is also the possibility to open a Demo Account before starting to invest real money. Platform and application, in fact, make available to new users a faithful replica of the real platform, on which to test, operate and make investments by means of a virtual credit. This feature is very useful in order not to discourage the first trading operations because of the fear of losing money.

3. eToro

EU license: ✅

Actual purchase: ✅

CFD trading: ✅

We have already mentioned eToro, one of the most well-known and widely used brokers in the world. Used by more than 10 million people, it is appreciated for its extreme ease of use and the speed with which it allows you to conduct and operations.

The broker is obviously available on iOS and Android apps and, among its qualities, there is definitely that of supporting both CFD trading and the actual purchase of tokens.

Trading with CFDs

CFDs (Contract For Difference) are derivative instruments that allow you to bet on the price change of an asset. Trading crypto via CFDs means that you don't directly own the asset but you can earn from its changes in value, whether it goes up or down.

Actual Token Purchase

eToro is the only CFD broker that also allows the actual purchase of the assets. To buy the crypto you are interested in, all you need to do is enter the specific section, select the cryptocurrency you want to buy and click on "buy".

In addition to these features, at the base of the remarkable popularity of eToro, there are several other factors that make the platform a very efficient tool with which to invest online, whether you are a professional trader or a budding investor.

The broker, in fact, is internationally regulated, is user-oriented through constant and valid online assistance and allows you to start trading cryptocurrencies in just a few clicks. And all without commissions and fixed costs.

In addition eToro offers the much appreciated Demo Account and Copy Trading functions.

The latter are the cornerstones of the app.

Thanks to the Demo Account every new user can benefit from a demo platform where they can test their skills and start trading with unlimited virtual credit. This is very useful to learn 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.

As a result, it is possible to start trading with profit immediately thanks to the performance of the most experienced investors.

4. Plus500

EU license: ✅

Actual Purchase: ❌

CFD trading: ✅

One of the most well-known and popular brokers in Italy and around the world is the Plus500 platform. Designed to make trading with cryptocurrencies and other assets accessible to everyone, it is one of the most widely 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 precisely its operational structure. Also available for smartphones, Plus500 is extremely intuitive and very fast in the operations required, allowing new users to operate smoothly and easily.

Among the features that make the app one of the most widely used are the ability to open a Demo Account and very low spreads.

These factors make the tool feasible and accessible, both economically and technically. Those who have not yet fully mastered the trading activity are allowed to operate with a Demo Account, accessing a virtual credit of over $10,000.

All this, together with the not particularly onerous deposit required, makes the platform and its application a useful and very performing way to start investing in cryptocurrencies.

Trade.com

EU license: ✅

Actual Purchase: ❌

CFD trading: ✅ 

One app that we often recommend is the global broker Trade.com. Acknowledged as one of the best performing, it is also regulated and extremely easy to use.

What makes it a particularly efficient tool, in fact, is the possibility to sign up and open positions in a few minutes even with its mobile version (free download from iOS and Android stores) with extreme transparency and without the unknowns and technical difficulties that characterize the obscure automated platforms, so much promoted on the web.

Moreover, like the apps we mentioned above, Trade.com also allows the opening of a demo account. In this case it is called a stock exchange simulator and allows users to test and operate on the platform in a trial version, which is very faithful to the original.

Among the best known and most useful benefits of Trade.com, however, is the ability to access the support of a dedicated Account Manager, an expert in trading and cryptocurrencies at the complete disposal of users about to trade, especially those who are still inexperienced.

All of this makes the platform and its mobile app a tool to delve into and a broker that ranks among the best around.

6. Iq Option

EU license: ✅

Actual purchase: ❌

CFD trading: ✅

Another noteworthy app is IQ Option. Internationally regulated, the platform is one of the most accessible of the existing ones and is very popular among budding traders.

This is because of a number of advantages that the broker offers to those who decide to start trading cryptocurrencies, including a high-performance mobile app, a simple and intuitive interface and the possibility to practice investing in crypto via Demo Account, without investing real money.  

Among 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 vast training material made available to users for free (such as video lessons and the official blog).

7. Kraken

EU license: ❌

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 crypto exchange and this obviously brings advantages (thanks precisely to the large number of users on the platform with whom to trade).

In addition to this advantage there is also a site easy to use for anyone thanks to the Route function, that is the targeted paths to follow, based on the type of user in which we identify. In addition, the app provides numerous graphs and analysis tools on price, volume and other metrics.

It should be noted, however, that although Kraken is considered a fairly secure platform and its security protocols are sufficient to protect the activities of users, since it is an exchange and not a real broker, it does not enjoy Consob approval.

Also unlike the brokers we have listed so far, Kraken applies a 0.9% commission for any stablecoin, which rises to 1.5% for any other crypto or FX pair.

8. Coinbase

EU license: ❌

Actual purchase: ✅

CFD trading: ❌

Coinbase is one of the most popular exchanges in the world. It is present in 32 countries and has over 50 million users and has recently landed on the stock exchange. However, it has not been certified by Consob because it does not meet 100% of the security and transparency rules imposed by the European Union.

If it were to obtain the approval of the European bodies in charge of controlling this type of app, it could prove particularly advantageous for several reasons.

It provides access to training resources to deepen your knowledge as well as a clear and easy-to-monitor dashboard.

What's more, although it charges a fee of $0.90 per trade, it doesn't require a minimum deposit and allows you to "earn by learning" thanks to the Coinbase Earn feature (where you get free tokens every time you pass the quiz at the end of each course).

9. Bitpanda

EU license: ✅

Actual Purchase: ✅

CFD trading: ❌

Bitpanda is a European Exchange, headquartered in Vienna and, unlike those mentioned above, has received Consob approval.

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 due to the fact that the fees for buying Bitcoin are very low. In addition to the latter crypto, there are over 60 virtual coins available on Bitpanda and for each of them there is an in-depth tab with details about its history and a chart that clearly shows the price changes. 

Among the characteristic functions of Bitpanda are:

Bitpanda Swap that allows you to exchange one cryptocurrency with another instantly and without limits to transactions

BEST (Bitpanda Ecosystem Token), 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 commissions, although they are very low.

10. Investing

EU license: ❌

Actual purchase: ❌

CFD trading: ❌

Investing.com is a multilingual platform that presents a lot of useful information for traders (both novice and experienced).

What makes it stand out is the completeness of the training material it makes available to users.

On this platform it is possible to find

A Tools section in which there is any useful information for trading activity (such as holiday calendars or forex volatility calculator).

Technical analysis of numerous assets that also include useful interactive charts.

News published in real time both in written and video format (the latter are generally in-depth analysis of hot topics).

On this platform it is not possible to buy or exchange crypto but it is an essential source to get information about brokers, markets and virtual currencies. In fact, here you can get 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 found by many users. Probably, given the many functions available, it is not immediate understanding of the operation of the platform and it takes a while before being able to take full advantage of its potential.

Conclusions

THE 10 BEST CRYPTOCURRENCY APPS

In this article we have tried to clarify and deepen all aspects related to the crypto world and the apps to invest in it.

We have shed light on the basic requirements that an app should have in order to invest with profit, we have highlighted the main technical inconveniences that you might run into in case you adopt unsuitable tools and, above all, we have provided insights and useful information on the best cryptocurrency apps.

In light of what we have said in the course of the article, then, we can say with certainty the consistent benefits given by brokers like XTB, Capex or eToro. Among the main advantages we have quality of service, ease of system, speed of operations, Demo Accounts, Trading Courses and very low Initial Deposits, which aim to spread a healthy knowledge of online investments and a deep transparency.

Regarding the Exchanges, instead, we have seen that although they present 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, provided that you invest with awareness, relying on simple and safe apps and only after being trained and informed enough.

Before leaving us, here is a further overview of the best platforms with which to start investing online.

FAQ

What are the best cryptocurrency apps?

The best cryptocurrency apps are online brokers eToro, Plus500, Trade.com, Capex and Iq Option. Platforms such as Investing.com, Kraken, Coinbase and Bitpanda are also popular and have interesting features and benefits including the large number of tradable tokens. Unlike online brokers, however, not all of these platforms are approved by Consob, the European body responsible for the control and regulation of online trading platforms. In addition, some exchanges charge commissions for each transaction.

What requirements must an app have in order to be valid?

The essential requirements for a cryptocurrency app are: security, no fixed costs, demo account, low minimum deposit, support and free training resources.