Best Cryptocurrency Exchange App 2021
Making Crypto Simple
Mobile phones have become an indispensable part of our lifestyle, and chances are, you’re holding one right now and reading this article on our mobile-friendly website. Our phones run a whole host of applications now that businesses have moved to the mobile realm.
The same is true for crypto-related platforms. In an effort to make their services more accessible to crypto traders, the majority of crypto exchanges have launched separate mobile apps that allow traders to buy/sell assets and seamlessly manage their accounts.
If you’re not using your device right now, we know it’s probably within your arm’s reach. Take this piece of machinery, open Google Play or Apple Store, and download one of these cryptocurrency exchange apps that we’re about to present to you.
|Exchange Website||Rating||Currencies||Available Cryptocurrencies||Fees||Our Review||Visit Site|
|5/5||USD||30+ Cryptocurrencies||Varies||Coinbase Review||Visit Site|
|4/5||EUR, GBP & USD||90+ Cryptocurrencies||Daily Fees||eToro Review||Visit Site|
|3.5/5||Over 42 Currencies||100+ Cryptocurrencies||0.1%||Binance Review||Visit Site|
|3/5||USD||5+ Cryptocurrencies||1%||Gemini Review||Visit Site|
|3/5||USD, GBP & EUR||50+ Cryptocurrencies||0.26%||Kraken Review||Visit Site|
|2.5/5||USD & Others||70+ Cryptocurrencies||3.5%||CEX Review||Visit Site|
|2.5/5||USD & 20 others||150+ Cryptocurrencies||0.1%||KuCoin Review||Visit Site|
|2/5||USD & 4 Others||52+ Cryptocurrencies||Varies||Bitpanda Review||Visit Site|
|2/5||Crypto Only||70+ Cryptocurrencies||Varies||Shapeshift Review||Visit Site|
|2/5||USD||90+ Cryptocurrencies||0.5%||Changelly Review||Visit Site|
The Best Cryptocurrency Exchange App – Reviews 2021
1. Coinbase Exchange
No better platform to start with than the crypto veteran, Coinbase. This crypto exchange was launched back in 2012 as the joint project of Brian Armstrong and Fred Ehrsam. Coinbase keeps a spotless record and is best-known as a beginner-friendly platform with unparalleled security.
Coinbase is a cryptocurrency brokerage that replaces the order matching process by directly providing assets to buyers and acquiring crypto from sellers in exchange for fiat. At the start, Bitcoin was the only digital asset available, whereas now, traders can choose between BTC, Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).
Users can exchange these tokens for crypto or buy them with fiat using one of the accepted fiat currencies (USD, EUR, or GBP). One way to do so is by linking your bank account to make a bank transfer or use your credit/debit card. However, keep in mind that card purchases cost a little extra.
Coinbase’s mobile app is compatible with iOS and Android devices. In terms of functionality, its services are the same as those offered on its web-based platform. One upside of this app is that you can use it in English, Italian, French, German, Spanish, Portuguese, and Dutch. Coinbase users are welcome to use the secure multi-asset Coinbase wallet for storing their funds.
2. eToro Exchange
The appeal and popularity of cryptocurrency trading has managed to lure a lot of financial brokers. One such example is eToro, a multi-asset trading company from Israel, with a long-standing history in the business. The platform was launched in 2007 in Tel Aviv and was first used for other financial assets such as forex, commodities, ETFs, CFDs, indexes, etc.
eToro has no geographical restrictions apart from a few blacklisted countries. Apart from Tel Aviv, the company operates in the UK, Cyprus, Sydney, and the US. Since 2007, eToro has had enough time to work on its compliance level and become a registered entity with FCA, FinCEN, ASIC, and CySEC. As if that weren’t enough, eToro has a cross-border license that allows the company to operate within the European Economic Area.
In 2013, eToro opened up to the crypto market by introducing Bitcoin CFDs. When you invest in this type of trade, you don’t actually purchase BTC but instead, you speculate on its price and earn or lose money depending on the outcome. Later on, eToro added support for direct purchases of BTC, BCH, ETH, XRP, LTC, and Stellar (XLM).
The accepted payment methods are assets from digital wallets, debit/credit cards, or bank transfers. As for the fees, eToro charges competitive spreads but you’ll have to check their fee schedule as they aren’t fixed. eToro’s mobile app is perfect for trading on-the-go and offers custodial services for your funds.
3. Binance Exchange
Binance is a feisty competitor in the crypto community, and well-known to traders who’ve had some experience with cryptocurrency so far. It was created by Chinese developer Changpeng Zhao in 2017 and operates from its office in Malta.
Compared to both Coinbase and eToro, Binance outperforms them with the number of crypto tokens it supports. Its altcoin trading platform features thousands of trading pairs, including rising assets like stablecoins and DeFi tokens. The exchange even has its own token, the Binance Coin (BNB). If you decide to invest in BNB, you’ll get a 25% discount on your trading fees.
Anyhow, even without BNB tokens in your wallet, you can trade assets for a very affordable price. The highest trading fee on Binance is just 0.1% per trade. That’s way below the industry average! The reason for this is that Binance is primarily a crypto-to-crypto exchange, even though it has a fiat gateway, too. Unlike some other fiat platforms, Binance charges up to 3.5% on fiat purchases.
The Binance state-of-the-art mobile app lets you switch between its Lite and Pro interfaces, based on your level of experience. You can stick to what you know or try yourself at some advanced trading options. Plus, you don’t have to worry about the security of your assets, thanks to Binance’s Secure Asset Fund for Users.
4. Gemini Exchange
Gemini is an American-based platform, with offices in New York City. It was launched in 2015 by the Winklevoss twins, two early Bitcoin investors.
The fact that Gemini is available in NY when most crypto exchanges that operate in the United States are usually unavailable in NY and Washington due to their strict regulatory policies, proves that the platform takes regulations and cybersecurity very seriously. Apart from the regular audits, Gemini has already passed both the SOC 1 Type 1 and SOC 2 Type 2 compliance exams and has obtained a license from the NYDFS.
Gemini has a range of cryptocurrencies to trade with and different assets for fiat purchases based on the currency of your choice. The list is too long, but it would suffice to say that Gemini has everything, from the most prominent assets, stablecoins, and decentralized tokens, to some unknown but trustworthy small-cap tokens.
The Gemini mobile app can be found on App and Galaxy Store, as well as on Google Play. Its user interface doesn’t differ much from the online platform and it’s integrated with a sound crypto wallet. The best thing about this app is that it allows you to activate notifications for price alerts and make recurring buys.
5. Kraken Exchange
Kraken is a San-Francisco-based cryptocurrency exchange and altcoin trading platform. It started work in the early days of crypto, in 2011 to be precise, as the solo project of cybersecurity expert Jesse Powell.
Powell had previous experience in the crypto industry and even took part in the team assigned to get Mt. Gox back on its feet after the devastating hacking attack (to no avail). Taking this episode into account, it’s no wonder that Kraken excels at providing top-notch security for its users and their funds.
As part of the onboarding process, Kraken users need to complete a KYC (Know Your Customer) check and verify their identity using their full name, address, phone number, and in most cases, a utility bill along with a government-issued ID. Account-wise, they’ll be able to activate 2FA and some advanced privacy options with the Global Settings Lock and the Master Key.
Kraken is the perfect fiat gateway for beginners, as it supports a range of fiat currencies (USD, EUR, GBP, CAD, AUD, CHF, and JPY). We love its slick interface and user-friendly design that has been translated to Kraken’s mobile apps too. The platform has a regular Kraken app for traders with every level of experience. Then there’s the Kraken Pro app which is designed for “power users”, and the Kraken Futures app which is perfect for clients interested in futures and margin trading. You can learn more about the apps here.
6. CEX Exchange
If you’re living in the UK, chances are you’ve already heard about CEX.io. This London-based crypto exchange was founded in 2013 and is now considered a household name not only for local, but for international traders as well. This is partly owed to the fact that CEX.io has already branched out with separate offices in Ireland, Ukraine, the US, Cyprus, and Gibraltar.
As a crypto business, CEX.io is quite vocal on the regulatory challenges that these types of exchanges continue to face. Its team comprises some of the founders of the digital assets trade organization CryptoUK, which aims to foster dialogue between crypto businesses and the Financial Conduct Authority (FCA).
On CEX.io, you can purchase one of the following digital currencies: BTC, ETH, LTC, BCH, XRP, XLM, Dash, and ZCash. As for trading, the platform offers over 60 different currencies and hundreds of trading pairs (USD, EUR, GBP, and RUB included).
On another note, did you know that CEX.io pioneered card purchases on cryptocurrency? That’s right. They were the first to acknowledge the traders’ interest in this type of payment method and add support for VISA and MasterCard purchases for a 2.99% fee per order. There are no additional fees for bank transfers.
Download CEX.io’s app on your mobile device to make trading cryptocurrency easier than ever. The exchange has integrated its technical indicators and charts to customize your orders wherever you are.
7. KuCoin Exchange
KuCoin was founded in 2017 and began work from its office in Hong Kong, before moving to Singapore. Actually, the team of experts designing the platform took more than 4 years to polish KuCoin’s software architecture, trying to foresee and eliminate all possible caveats. Finally, raising enough money during the 2017 ICO, KuCoin entered the crypto scene.
For a while, KuCoin was used only as a crypto-to-crypto exchange, but the platform has recently solved the issue with not having fiat support through its partnership with the third-party payment processor, Simplex. The list includes some less represented fiat currencies like the Chilean, the Colombian, the Philippine, and the Argentine peso (CLP, COP, PHP, and ARS respectively), the Indian rupee (INR), the United Arab Emirates dirham (AED), etc.
Simplex lets customers pay with their credit/debit cards or make bank transfers by adding their bank details. Moreover, Kucoin has added support for PayPal, so that users can spend their PayPal balance on crypto too.
Like most crypto platforms, Kucoin has withdrawal limits depending on your verification level. If you register with your email address only, your account is eligible for withdrawals of 2 BTC per day. Verified accounts lift this tier to 100 BTC in daily withdrawals.
8. Bitpanda Exchange
Bitpanda is a cryptocurrency neobroker founded in 2014 in Vienna, Austria. This is the most highly-established and trustworthy crypto platform in the European Union, available in over 20 countries.
This exchange supports a variety of altcoins and adds new coins regularly by following new market trends and popular demand (as its recent introduction of ADA and EOS, for example). Verified accounts are eligible for fiat purchases in one of the following currencies: EUR, GBP, USD, CHF, and TRY. You can place your order via SEPA, NETELLER, SOFORT, or Skrill transfers, or use your Visa/Mastercard.
In the past year or two, Bitpanda has been a real show-stealer in the crypto community by introducing all sorts of innovative solutions for its customers. There’s the Bitpanda To Go service, a prepaid coupon that can be exchanged for crypto; Bitpanda Swap for instant crypto swaps between Bitpanda users; Bitpanda Pro, for advanced users; Bitpanda Savings – a regular savings account but better; and Bitpanda Metals, in case you want to branch out in metal tokens.
But that’s not all! Bitpanda, together with Cointis, has launched a Bitpanda card that converts the crypto assets from your Bitpanda balance into fiat instantaneously. “Combining the practicality of fiat with the benefits of blockchain has helped prove the long-term legitimacy of digital finance. A card that allows seamless spending is one of the leading-edge innovations for crypto accounts”, says Cointis Executive Chairman, Peter Cox.
The Bitpanda mobile app doubles as a crypto wallet and is available for iOS and Android devices.
9. ShapeShift Exchange
The eight cryptocurrency exchanges we reviewed so far are all centralized platforms. They play the role of intermediaries or middlemen that provide liquidity and make sure the money goes from the buyer to the seller. They store your assets in hot or cold wallets and promise security. In return, they ask for your personal information and charge you for their services.
The second type of cryptocurrency exchanges are the so-called decentralized exchanges or DEXs for short. These platforms typically have automated order matching of buyers and sellers without third-party intervention or have the users manually choose an order from the platform’s order book. Once the other party accepts, the two of them agree on the most suitable payment method.
ShapeShift is one such decentralized platform founded by Erik Voorhees in 2014 in Switzerland. The exchange is non-custodial, meaning that it doesn’t keep users’ data nor funds on its servers. It supports 50 digital currencies and asks for no more than an email address on crypto-to-crypto trades.
Conversely, if you want to buy crypto with fiat, you’ll be asked to verify your identity. Similarly to some other exchanges on our list, they’ve partnered with Simplex to facilitate these payments. However, for now, they only accept EUR and USD. You can download ShapeShift’s app for free on Google Play and App Store.
10. Changelly Exchange
The second decentralized platform and the last cryptocurrency exchange on our list is Changelly. Founded in 2015 in Prague, Czech Republic, this platform has had an international clientele of more than 1.5 million users throughout the years.
Changelly includes buying and selling offers for +150 cryptocurrencies in its books, from the industry’s finest to some brand new and experimental tokens. As mentioned above, payment options range from bank transfers to card purchases and even cash if the two parties decide to meet in-person.
If you’re looking for crypto trading, Changelly charges 0.25% per transaction. Thanks to its scaled approach, your fees can get lower as your trading progresses in volume. Also, crypto trading doesn’t require identity verification, unlike fiat purchases.
The Changelly mobile app is available for iPhones and Android devices. It only takes up 8 Mb memory and you can download it free of charge. The app has the same type of usability as the web-based platform itself, including the option to go through your transaction history, make instant crypto swaps, and check real-time market data.
What to Look for in a Crypto Exchange App
Availability and Compliance
For some of you, this might be the first time you’re joining a cryptocurrency exchange to trade cryptocurrencies. The first thing you should check is whether the exchange app you’re considering is licensed to operate in your place of residence. The exchanges on our list are all extremely reliable and have made an effort to comply with local financial regulators and obtain suitable licenses. This means adhering to AML (Anti-Money Laundering) and CFT (Combating the Financing of Terrorism) policies and including mandatory KYC (Know Your Customer) checks in order to verify the identity of their clients and prevent potential scams and frauds.
Security should be your number one priority when entering the crypto market. Like most financial brokers, crypto platforms are exposed to cyber threats, hacking attacks, and security breaches. This is why you need to choose an exchange app that consistently maintains a high level of security. Measures to look for are two-factor authentication, encryption protocols, withdrawal whitelists, additional settings lock, temporary account-freeze, etc. Storage-wise, the exchange should preferably store users’ funds in offline wallets (cold storage). However, we don’t recommend entrusting online platforms with your money as there’s always a risk factor involved.
Live Market Analysis
One of the things you learn early on is that there’s always something new on the crypto market. Unlike some other financial markets, the crypto one is open 24/7, so whenever you decide to leave your screen for a moment, you could risk missing out on some upward or downward trend.
When looking for a suitable exchange app, search for one that displays real-time market data and charting indicators to follow market movements on-the-go. This way, you won’t suffer from FOMO (Fear Of Missing Out) and can plan your next move in advance.
Frequently Asked Questions
Bitcoin exchange apps are very easy to use and the purchase can be over with just a couple of clicks on your mobile device. As soon as you have downloaded the app, either log into your account if you’ve already registered on the exchange’s web-based platform or complete the onboarding process on your phone. Next, choose a depositing method and go back to the homepage to hit the Buy button. Here, select BTC, specify the purchasing amount, and the payment option you’re going for. Click Purchase to complete the order.
If you want to try your hand at other cryptocurrencies besides Bitcoin, the most lucrative altcoins for 2021 are Ethereum (ETH) and Stellar (XLM). We suggest investing in Ethereum or looking into this currency’s blockchain if you’re interested in decentralized blockchain solutions such as smart contracts, dapps, or even developing your own cryptocurrency. Stellar, on the other hand, might turn out to be the future global payment network as its main focus is on making cross-border payments faster and cheaper, closely working with banking systems in the process.
We know that choosing the right exchange can be a tedious task but the truth is there isn’t one answer that fits all traders, their investment plans, and initial capital. That’s why we can only give you pointers on how to make this decision-making process less painstaking. First, make sure the exchange you’re going for is available in your area and supports a range of digital assets for trading (including your target pair). Moreover, trading platforms need to offer high liquidity and low fees that can get even lower as your trading volume increases. Finally, if you plan on using the exchange to store your funds, find out what kind of security measures it employs.