Bitcoins with man holding a tablet computer

Best 5 Crypto Apps to Buy Bitcoin in 2022

By Kane Pepi

Cryptocurrency trading has become more accessible than ever, driven by iterative upgrades to the services offered by leading crypto exchanges and brokers. In fact, the global cryptocurrency trading market is forecast to reach $4.94 billion by 2030. Nowadays, crypto apps are one of the most popular ways for investors to operate within the market, allowing for a seamless trading experience while on the go.

5 best crypto apps to trade with in 2022

The following are five of the best crypto trading apps available to investors. We will review all the elements investors must consider before deciding which to choose.

eToro—Overall best crypto app for 2022

eToro takes the top spot when it comes to the best apps to buy crypto. It is a highly respected online trading platform, serving over 26 million clients worldwide. Much of eToro’s popularity stems from its high degree of safety, given that the platform is regulated by FinCEN, FINRA, ASIC, CySEC, and the FCA.

eToro offers a transparent fee structure for those interested in trading crypto since all buy and sell positions only accrue a 1% transaction fee (plus the bid/ask spread). This platform also offers a “fractional investing” service, whereby clients can purchase portions of a coin, rather than the entire asset. In turn, this means eToro allows positions starting from just $10.

Users benefit from eToro's mobile trading app—one of the best crypto apps on the market. This app features over 75 cryptocurrencies to trade, including a selection of lesser-known altcoins and DeFi tokens. In terms of account funding, eToro allows users to deposit via credit/debit card, bank transfer, or e-wallet—with full support for PayPal, Skrill, and Neteller.

eToro also excels in the realm of trading features, with CopyTrader being one of the most popular. This feature allows users to automatically copy the trades placed by other eToro users, which can be highly beneficial for those too busy to trade actively. Finally, eToro even offers a free crypto wallet app, complete with support for hundreds of crypto assets.

Risk warning: Cryptoassets are a highly volatile unregulated investment product; no UK or EU investor protection.

Crypto.com—Top crypto exchange with free crypto wallet app

Another best app for crypto investing is Crypto.com. This platform has grown exponentially over the past 18 months, boasting over 50 million users. One of the most appealing elements of the Crypto.com experience is that the platform caters to traders of all experience levels while keeping fees low.

The Crypto.com app acts as the central trading hub, allowing users to buy and sell cryptos in just a few taps. Users can instantly purchase crypto using a credit/debit card, which will be accompanied by a 2.99% fee. Alternatively, the Crypto.com app does support FIAT deposits, which are free to make when funding in USD.

This top crypto app offers over 250 coins to purchase, although users can also trade crypto-to-crypto pairs through the Crypto.com Exchange. Notably, Crypto.com also provides a free non-custodial wallet app called DeFi Wallet, which supports more than 700 tokens. The app even includes access to the world of Web3, allowing users to interact with an array of exciting dApps.

Binance—Best app to buy crypto with low fees

Binance is one of the most established platforms within the crypto space; CNBC reports that it even took a $200 million stake in Forbes earlier in the year. This stellar reputation has enabled Binance to become the largest crypto platform in terms of daily trading volume, offering over 500 crypto assets for users to trade.

Binance offers the best crypto trading app for those looking to purchase coins with low fees since each buy/sell transaction on the spot market is only accompanied by a 0.1% fee. However, Binance has recently introduced zero-fee trading on BTC and BUSD spot trading pairs, and even offers a 25% trading fee discount to those who use Binance Coin (BNB) to pay fees when trading other assets.

More experienced users may also be drawn to Binance since this app offers several derivatives markets to trade, such as futures, vanilla options, and leveraged tokens. Finally, Binance even provides a built-in crypto savings account, offering annual yields of over 10% for many of the supported assets.

Bitstamp—Leading crypto app with extensive security features

Another best app for buying crypto is Bitstamp. Launched in 2011, Bitstamp is one of the longest-serving trading platforms in the space. The platform serves more than four million clients worldwide and offers over 50 cryptos to trade.

Bitstamp’s trading fees start at 0.5% per transaction, although they decrease once the 30-day trading volume exceeds $10,000. Users can also purchase cryptocurrency directly using a credit/debit card, although there is a 5% service fee. ACH deposits/withdrawals, however, are free to complete, and users can also fund their accounts with a vast selection of cryptos.

The Bitstamp trading app features biometric authentication to bolster security and allows experienced investors to use the advanced Tradeview interface, complete with order book information and a huge range of analytical tools. Finally, Bitstamp holds 98% of assets offline and encrypts users' data to ensure a high level of safety for all.

Coinbase—Popular crypto trading app for newcomers to the market

Rounding off our list of the best apps for crypto investing is Coinbase. Coinbase is one of the largest crypto trading platforms worldwide with over 90 coins for users to trade, and is constantly expanding into new countries. Much of this platform’s appeal is driven by its user-friendly trading experience, featuring no advanced jargon or complex features.

Coinbase has a two-pronged fee approach, charging a Coinbase Fee plus the spread. Spreads usually average around 0.50% of a user’s transaction, while the Coinbase Fee can vary wildly, depending on currency and trade amount. However, experienced traders may wish to use the browser-based Coinbase Pro app, which offers maker/taker fees starting from 0.5% per trade.

Coinbase also offers one of the best self-custody crypto wallet apps, supporting hundreds of thousands of tokens and allowing users to store their NFTs. There's even the ability to browse the decentralized web using the Coinbase wallet app, allowing users to interact with an array of valuable DeFi protocols.

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How to choose a crypto app for trading

Choosing which is the best app for crypto investing can be challenging, especially given that each trader will have their own unique goals and risk tolerance. However, there are certain crucial areas to consider when choosing which app to use:

Pricing and fees

Fees are naturally one of the essential elements to consider, as they can drastically impact profitability, especially for active traders. Costs tend to be higher when purchasing crypto using a credit/debit card, although users can lower these fees by using each provider's exchange platform. Deposits may also accrue a charge; however, most providers allow free crypto deposits.

Asset selection

Ensuring the crypto app offers a wide selection of assets can make all of the difference when it comes to regular trade opportunities. Most apps will provide an array of altcoins and DeFi tokens to trade, while some may even offer access to derivatives markets, a feature targeted towards experienced traders.

Trading tools

The best crypto apps offer a selection of trading tools to bolster research and analysis. These tend to include real-time price charts, technical indicators, order book information, and fundamental data. Some providers even offer ‘unique’ tools, such as eToro’s super-popular CopyTrader feature.

Mobile app

This article has primarily focused on the mobile app experience, which is vital for those who spend most of their day on the go. The best crypto apps offer similar functionality to the provider's web-based platform while ensuring a high degree of safety through two-factor authentication or Face ID logins.

Safety and regulation

As noted by Forbes, the crypto exchange industry tends to lack a stringent procedure for certifying new companies before they begin facilitating trades. As such, users must ensure the crypto app they use has security features designed to protect their holdings. Look for providers that store most of their clients' assets in cold storage, as this provides a safeguard from cyberattacks.

Customer service

Finally, customer service should also be considered, as even experienced traders will require assistance from time to time. Leading platforms like eToro will offer ‘live chat support, providing quick answers to users’ questions. However, most crypto apps will also feature a comprehensive help center with how-to guides and troubleshooting procedures.

About the Author

Post by: Kane Pepi

Kane Pepi is an experienced financial and cryptocurrency writer with over 2,000+ published articles, guides, and market insights in the public domain. Expert niche subjects include asset valuation and analysis, portfolio management, and the prevention of financial crime. Kane is particularly skilled in explaining complex financial topics in a user-friendly manner. Academically, Kane holds a bachelor's degree in finance and a master’s degree in financial crime. Kane has also begun his doctorate journey, which is researching the intricacies of money laundering in the cryptocurrency and blockchain technology sectors.