There are many ways to define the best cryptocurrency apps for beginners, but you should be aware that the final choice is only yours. One of the most excellent apps is those that allow easy trading, simple usage, and safety when trading with currencies. However, for beginners it is not easy to estimate the simplicity of the use and precisely say if the app is good for them. Therefore, you should consider a few important conditions when evaluating the best cryptocurrency apps for beginners.
Which to consider when choosing the best cryptocurrency apps for beginners
If you are a beginner in cryptocurrency, you will surely need to learn a little about the platforms where you can trade with them. Before that you should learn all about blockchain and a crypto. There are places where you can learn to create a profile, place a deposit, and deal with a currency that you have chosen. However, there is a lot of other conditions that you should consider when defining the best place for you.
Customer service
Experienced users could easily trade on different platforms and can choose the best model for them. For beginners, though, it is not easy to decide whether the platform is simple or not. However, being a beginner in any job is difficult because you need support from time to time. A good support system on the cryptocurrency platform is one of the most important features. The best are those with 24/7 model, with FAQ and fast response directly on the chat.
Security
If you are a beginner, you are not sure if the platform is safe enough for first-time traders. There are scams on the internet so that you can face those troubles. The best way is to see the number of offline assets in cold storage, have private insurance or a bounty program, and how ethical hackers can report any weaknesses.
Location
Although apps work worldwide, it is not easy to trade on apps, not in your country. Some apps do not allow using in another country or have limited access to the countries on other continents. To avoid those problems, choose apps that are allowed in your country and controlled by your government.
Number of currencies
Although you will not trade with many currencies at the beginning, and you will surely choose the most popular ones, it is good to trade on platforms that offer a wide range of currencies. It shows that the platform is trustworthy and provides security to a long list of users and traders. Many platforms offer more than 4,000 cryptocurrencies, and the number promises success.
Fees
It is not enough to choose a platform that is safe and simple; you will need to trade on a platform that is not expensive, though. Beginners need to choose a platform that is not expensive for the first exchanges. Thus, some platforms have different prices for different paying methods, so you will pay higher amounts for a bank account or check the withdrawal and deposit options.
Ease of use
Regardless if you are a beginner or a skilled and experienced trader in the cryptocurrency field, you will use a friendly-used and simple platform. They will make a platform that a wide range of users can easily use, so trading becomes fast and safe. It is good to read an expanded list of the 10 highest-rated cryptocurrency apps and a shortened version of the list that includes apps with the most straightforward interface. If the platform is too complicated, it could be a red flag because it shows that they do not want to trade with you correctly.
Best cryptocurrency apps for beginners
Creating a list of the best cryptocurrency apps should include many factors, but most depend on the popularity and ease of usage. However, some apps have already shown that they are the best on the internet, and you can be sure that they will help you in cryptocurrency trading. After you read all the recommendations, you should choose the most applicable model for you and divine into the world of cryptocurrency.
Which apps to choose for beginners
Among the apps that we have listed are those that are highly popular among experienced traders, too. However, each has great advantages that beginners will find the most applying for them. The final verdict is yours, so choose the apps you can easily work on.
eToro
My Freedom Coin
Bitstamp
Crypto.com
Coinbase
It is hard to list the best cryptocurrency apps for beginners without naming eToro as one of them. Since numerous government agencies heavily control the platform, you can be sure it is safe enough for beginners. The platform fulfills all demands that average traders can have. It has a very friendly-used model on the site, with over 50 cryptocurrencies on offer and a great supporting system. The market also offers purchases on the click, with very low fees. On this site, you can buy a long list of currencies, starting from the most popular, like Ethereum and Bitcoin, to the new altcoins. You only need a deposit of $10, and the platform will charge you 0.75% for each transaction. You can use a bank account, cards, and online paying methods.
It may be best for beginners to choose a simple platform that unites all important features in one. It is an e-wallet, trading app, and bank, so beginners can easily find whenever they need for easy trade. One of the best features is very simple apps that can be used on any phone and computer. The platform has a special invite-only model of trading, but you can become a member using a QR code that you can find on the platforms and sites. A platform is a great place for beginners for one more reason. Thanks to the special method of protecting the price, it prevents volatile pricing swings and drops in price that could happen unexpectedly. However, the platform has a little higher fee of $50 monthly access.
Bitstamp could be among the greatest offers for beginners, mostly because of the low fees. New users will pay for each cryptocurrency only 0.5%, while fees could reduce to 0.25% for trading with more than $10,000 trading volume per month. The platform offers more than 50 different cryptos and all popular options between them. Although a young platform established in 2011, it has been a place for the highest investments since then. You only need to trade on this network to place a deposit of only $10, and the platform is available on iOS and Android. As the cherry on the top, the apps have different analytical tools and extremely safe biometrical authentication.
There are many reasons why Crypto.com is one of the best cryptocurrency apps for beginners 2022. First, the platform has the simplest method of using a debit card for trading, which allows buying and selling crypto. After you download the app, you will have access to even 250 assets and instantly can buy any of them with only a credit card. The platform supports Visa and MasterCard, with a fee of 2.9%. The only inconvenience for beginners is that they will ask to take a photo of your government-issued ID, but it presumes security for each member. When you place a buy order, you will pay 0.40% and only $4 for every $1,000 traded. With higher investments, you can expect even lower fees. You should get information about investing in crypto on different places. This platform could trade even those with no trading experience since the interface is very simple and user-friendly.
There are many reasons why we consider Coinbase as one of the best cryptocurrency apps for beginners 2022. First, the platform has a very intuitive and user-friendly interface, so even those who are for the first time on the app can learn to use it with the step-by-step guide. The first time you download the app, you will be asked to register an account, and after you complete the process, you will need to take your photo and choose a payment method. They will offer you to choose a payment method, and the process of trading could start. The only thing that could be a problem for a beginner is a little higher transaction fee of 3.99%, but do not forget that the platform has a very safe and simple interface, with options of using a card or Paypal for trading. However, you can reduce fees to 1.49% under special conditions.
Conclusion
Choosing the best platform for trading with cryptocurrencies is difficult even for experienced and skilled traders. However, there are a few important things that you should consider when preparing for your first cryptocurrency trading; along with the fees that the platform charges, there are other conditions, like safety and simplicity of usage. Whatever you choose, remember that each platform has special demands, while each has good and bad sides. When starting with the trading, it is on you to choose the features that are good enough for you. Only after researching and learning about these features can you say which are the best cryptocurrency apps for beginners 2022.
