Thinking about learning and buying cryptocurrency and Bitcoin? Then you need to check out these Apps for crypto trading. In this article, we have highlighted several trading apps that let you buy and sell cryptocurrency quickly in a safe way.
Knowing and learning about cryptocurrencies can be daunting if you are starting fresh. And if you’re new to crypto trading, finding the right platform to buy and sell popular assets like Bitcoin, Ethereum, and Litecoin can be another challenge.
But once you start learning about these apps and the way their crypto exchanges work things will start getting simple. Most crypto exchanges also offer features like staking rewards (for holding a crypto asset for a set period of time), margin trading, crypto trading tools, and more.
What are the Apps for crypto trading?
To work with Coinbase you’ll only need a $2 minimum to get started. As for fees, Coinbase charges a 0.50% spread on buy/sell transactions, and transaction charges range from $0.99 to $2.99. There’s a 0.50% fee for Coinbase Pro.
Coinbase provides an array of investment options for individuals and institutions. These include Coinbase Earn (a feature that pays you in crypto assets for watching educational videos), Coinbase Pro (an advanced trading platform for experienced traders), and the Coinbase Prime institutional trading platform.
Coinbase also gives you the choice of staking rewards (staking is a process that allows traders to earn rewards from holding different crypto assets), along with user-controlled crypto storage, and Stablecoin access.
SoFi is a good investment platform for all types of investors that comes with a great android app. When it comes to cryptocurrencies, SoFi charges a 1.25% markup, meaning the brokerage will add an additional 1.25% to the final price of any crypto shares you purchase.
The investment app currently offers three cryptocurrencies: Bitcoin, Ethereum, and Litecoin. If you’re interested in actively trading any other securities, you’ll be able to choose from stocks and ETFs. SoFi also offers automated investing accounts.
Kraken app offers nearly 60 cryptocurrencies and fees ranging from 0% to 0.25%. Its exchange is a great option for individual traders. Its investment selection includes Dogecoin, Bitcoin, Ethereum, Ripple, and several other popular assets.
Kraken app Margin accounts let you borrow money to trade more securities. So if you wanted to take on additional buying power, you could increase your account balance by five times (up to $500,000).
Kraken also offers its own desktop and mobile futures trading platforms. (Futures are legal contracts that give you the option to exchange security at a set price on a forthcoming date.) This account option lets you borrow up to 50 times your account balance.