The 5 Best Apps to Buy Crypto in 2022

Looking for the best app to buy crypto? We’ve got you covered! 

The cryptocurrency market has undoubtedly grown into a viable ecosystem with several niches and protocols. As a matter of fact, the transactions in the crypto industry now run into billions of dollars daily, rivaling other financial assets markets such as forex and the stock exchange.  

One of the things you may find challenging in this vast space is making simple transactions such as buying and selling cryptocurrencies. However, the presence of exchange apps solves this problem. But the question is: what are the best apps to buy and sell crypto assets? Without further ado, let’s address this teeming question. 

 Top 5 Apps to Buy and Sell Crypto 

Several apps on the internet offer users transactional services, such as buying, selling, and storing crypto assets. They are pretty popular and reliable for making financial transactions. Here are the best apps you can use to buy/sell your choice digital assets: 

Coinbase 

Coinbase is a widely used exchange platform created and owned by Coinbase Global Inc. It is highly regarded for its user-friendly interface and features, making it fit for crypto market newbies. It is available as a webpage and mobile app. However, web pages give a more expanded view of market trends. 

Crypto investors also trust Coinbase for its liquidity policies and centralized nature. Price fluctuations and market trends make the value of most cryptocurrencies volatile, and the liquidity policies inherent in the platform reduce loss and ensure the security of investment. But, these policies depend on the particular crypto asset being traded. 

Coinbase is, however, peculiar for its relatively high transaction fee. The transaction fee on this platform is a flat 1%. Also, if you use a credit card to buy crypto assets, you may be required to pay up to 3.99% on your transaction. These transaction fees and other factors make Coinbase undesirable to some. However, Coinbase provides quality and top-notch financial services to its numerous users worldwide. 

Binance  

Binance is one of the most popular crypto exchanges in the world. It is used by big financial corporations, crypto investors, and crypto enthusiasts. It has several low-cost crypto markets, which makes it suitable for anyone entering the crypto ecosystem with relatively small capital. It also has an excellent and user-friendly interface. Binance boasts of a proprietary cryptocurrency known as Binance Coin (BNB); it is widely traded among crypto enthusiasts on the Binance exchange platform. 

This exchange platform allows users to buy, sell, send, receive and store crypto assets. It also provides real-time market trends and the value of nearly 600 crypto assets. Therefore, you can see the value of any crypto asset you’re interested in, monitor its behavior in the market, and make quick decisions. Binance is also available as a mobile app, so you can handle your transactions on the go. 

Many choose the Binance platform because it allows for certain benefits. For instance, you can carry out peer-to-peer (P2P) transactions and exchange crypto assets with government-issued currencies. These advantages make it attractive to users and everyday traders. Trading fees on Binance are up to 0.10%, while debit card transactions may cost as much as 4.5%. 

Crypto.com

Crypto.com is another well-known crypto exchange credited with several user-friendly features and advantages. Like Binance, Crypto .com also has its proprietary crypto asset called Cronos (CRO). It is traded on the Crypto. com platform and other notable exchange platforms. Crypto. com hosts transactions for more than 250 crypto assets present on its system, including CRO.

However, Crypto .com has a unique feature that many exchange platforms don’t offer. Crypto. com offers its users a credit card that makes crypto transactions seamless. You can easily convert your crypto assets to fiat currency and make purchases using the credit card. 

Trading cryptocurrencies on Crypto .com is also very easy. With the issued credit card, you can buy crypto assets to flip immediately or store them for the future. You can also make transactions on the Crypto. com platform without a credit card; you only need an account and the required capital.  

Transaction fees on Crypto. com depend on your transaction volume and whether you are a maker or taker in the market. It is important to note that makers are people or entities who create a transaction order in the crypto market (it could be a buy or sell order), while takers accept such orders. So, transaction fee ranges from 0.4% to 0.04% for makers and up to 0.1% for takers. 

eToro 

eToro is another excellent crypto trading app. It is designed with a user-friendly interface coupled with other features. It has a well-established corporate parent recognized and licensed by the government. These credentials make it trusted by many to handle their crypto transactions. Apparently, there are several benefits to using the eToro app. 

One of the significant benefits of using eToro is the ease of buying crypto assets on the platform. You can make payments using a bank-authorized electronic transfer, credit and debit cards, and make deposits using your government-issued currency. Also, the platform allows you to trade on up to 45 crypto assets, including DeFi assets. Hence, you have a range of options to choose from. In addition, you can access other financial markets like the stock and forex on the eToro app. 

Kraken 

Kraken is another excellent app where you can buy and sell your crypto assets. It has been around for a while and has built a sterling reputation over the years. With more than ten years of presence in the crypto and financial transactions scene, Kraken has positioned itself as a trusted platform, especially with its several benefits. 

Kraken’s transaction fees range from 0 to 0.26%, one of the lowest rates available. It also allows its users to make margin and futures trading and store crypto assets for future purposes. There is also controlled volatility of assets since it’s a centralized platform. 

 Conclusion 

It is vital to note that these apps have different terms and policies across different jurisdictions. Most crypto exchange apps require users to register and open an account on their platform, which acts as a safety wallet for buying, selling, and storing assets. Then you can initiate transactions on the asset’s value, as seen on the app, with any of the approved payment methods. It could be a fiat currency deposit or via credit and debit cards. 

This procedure works for most crypto trading apps. However, ensure to read through their terms of service and payment policies. You may also check the web for user reviews on these apps; it could help you make a smart and informed decision.