EXCHANGES 
September 21, 2024 
35 min. 
The world is at the peak of revolution so how could the crypto realm be left behind? Gone are the days when trading requires you to use a desk-bound computer to see the complex financial markets. You were supposed to have a PC setup, a dedicated system, and a disciplined time zone to trade but not anymore. Now, all you need is your smartphone. Today, many crypto-mobile exchanges are available that let you trade easily. You can buy, sell, and manage your overall portfolio anytime anywhere.
However, with the surge in mobile-friendly crypto exchanges, it’s more cumbersome to choose which platform will work best. That’s why we’ve got you this comprehensive article guide to explore together the ten best mobile crypto apps, what makes them stand out, and a brief comparative analysis to help you decide along with their pros and cons. So, first, let’s start by evaluating the best crypto app and how you can find one.
How to find the best Crypto Application?
There are approximately 500 mobile exchanges available — Coinbase, Robinhood, Kraken, etc. But how can you decide which one you should go for? To evaluate the best crypto application, you’ll need to figure out in terms of security, regulations, features, money benefits, and so much more. Despite offering mobility, these exchanges ask you for some good research before you make your investment. Some have a longer customer record while some top-notches the list when it comes to security. Some give you more profit while some are best at legality and regulations. Let’s discuss these factors one by one.
Security & Regulations
If you love on-the-go trading, security should be your first concern to ensure safe transactions. Security measures protect you from hacking, malicious attacks, viruses, and all the cybersecurity threats. The mobile crypto exchanges should have these security features incorporated otherwise you should avoid making investments. Here are some of these;
- Encryption:
Encryption makes unauthorized access disabled to protect your details. Your personal information, transaction history, profile, etc will be protected from all unverified individuals. Binance and Kraken – both of these well-known crypto exchanges have AES 256 encryption features incorporated in their system that prevent even the most sophisticated cyber attacks.
- Cold Storage:
Another factor you should keep in mind is the Cold Storage. Your crypto mobile app should support this feature to prevent theft. Some of the top exchanges, like Gemini, keep almost 95% of their digital assets in Cold Storage. This way it helps them avoid major breaches even during times of malware attacks or hacking.
- Insurance:
If you keep this factor in mind, this will benefit you in the long run. Having an insurance-compliant crypto wallet will keep your investment safe in case of hacking and theft. Do you know Coinbase? It’s the literal best crypto wallet when it comes to security. Coinbase insures a $225 million asset in their hot wallet under a policy written by Lloyd’s of London. No! This isn’t some market tactic done by this platform. Instead, this crypto wallet is focusing on building user confidence for storing major funds in the platform.
Despite these factors, you should also consider Two-Factor authentication, biometric authentication, and SSL/TLS encryption. However, when it comes to regulation, it’s another important consideration. You should do a detailed analysis for legal and compliance checks of the chosen crypto app.
According to a survey by Statista, 59% of crypto users prefer a well-regulated app while choosing mobile-friendly crypto wallets.
Do you know why regulation has the hype? Because it gives the crypto user confidence while depositing their large sums of money on a platform that passes all the legal checks. However, there’s a catch. No crypto wallet can guarantee you foolproof security. If they do, it’s a lie. Security protocols face major breaches at least once in a while. For example, in 2022, Crypto.com faced a huge cyber incident, ended up losing a good $33.7 million, and affected almost 500 user accounts. Despite all the major security, the hackers were able to pass the 2FA due to their defective authentication measures. Thus, decide wisely and keep yourself on the safe side.
User Experience
A good interface plays a crucial role when you trade. A well-designed, fast application will boost your productivity whereas a poorly developed crypto wallet will make you lose trades and ultimately result in frustration. Never go for an app that gives you a hard time in navigation. The simpler the browsing, the more you can trade productively. Keep the following postulates in mind during deciding on your on-the-go mobile trading partner:
- Properly explore the browsing system of your chosen crypto wallet. Look for simple icons, clear details, and properly managed dashboards to evaluate your progress. For example, see Coinbase’s simple layout — the finest example for sure!
- Customization should be an option in your mobile crypto app. Just like Crypto.com has introduced customizable widget options so you can track your trade records from your mobile’s home screen. It makes trading even more simpler.
- Never overlook the speed factor. It can either make or break your trading journey. Always invest in the crypto application that values your time. As per research by Applause, 60% of traders discard applications that take more than 3 seconds to load. Don’t be one of them, go for a safer option in the first place.
Tradeable Cryptos
This is another important factor in evaluating the best crypto mobile applications. Every crypto wallet offers a different range of currencies that sets it apart from other mobile-friendly wallets. However, it has been seen that exchanges with a wide range of trading pair options attract both established and newcomer traders. For example, We have Binance which supports 350 coins and a good 1400 trading pairs. On the contrary, there’s Coinbase which also offers no less than 240 coins.
Despite these cryptocurrencies, Altcoins, DeFi tokens, and stablecoins are also gaining popularity and are offered by many crypto wallets. Look out for trading pairs also as their variety also affects user experience. Binance and Kraken, due to their extensive range of trading pairs, let their users directly trade between crypto and fiat currencies. But Coinbase, another well-known wallet, supports only 25 fiat-to-crypto exchanges to allow beginners to explore the crypto market to its full potential.
Payment Method & Fees
Mobile exchanges offer convenience but they come with different costs that can eat into your returns if you’re not careful. The fee structures have three main categories:
- Trading Fees: Most crypto wallets charge you for each trade you execute and distribute it between makers and takers. Like Binance deducts 0.10% from both while Coinbase charges 0.50% from maker and taker. Choose the platforms accordingly if money is your first concern.
- Withdrawal Fees: All exchanges also apply withdrawal funds whether in fiat or cryptocurrency. For instance, Bitstamp has a free withdrawal fee structure but it charges a good 0.25% for SEPA bank withdrawals. Similarly, we have Kraken. It directly deducts 0.00015 BTC whenever you withdraw your bitcoins and the fee amount can vary depending on the network congestion.
- Deposit Fees: This doesn’t apply to all the crypto exchanges. Some platforms let you deposit your funds or currency for free while some charge you a deposit fee. So, whenever you’re deciding on your crypto wallet, explore their fee structure and don’t go for the wallets that charge you a hefty amount especially when you’re new to trade.
Moving ahead to payment methods, some exchanges have only limited options while some boast a good variety. You’ll find credit or debit card options, and bank transfers but they are a bit slower, crypto deposits are best for P2P transactions, E-wallets like PayPal, Apple Pay, etc with the majority of exchange wallets. However, all these payment methods have a different transaction time and speed. So, choose accordingly!
Tools & Features
Last but not least, your trading wallet should have advanced tools incorporated to help you. The tools and features will make a huge difference in your trading experience. Following are the features and tools your mobile crypto wallet should have:
- Charting tools
- Indicators
- Future trading option
- Staking feature
- Automated trading (AI Bots)
- Margin trading
Now, we’ve seen enough about what factors you should keep in mind while choosing your on-the-go trading applications. It’s time to explore what mobile-friendly exchange options we’ve got in the crypto market.
The 10 Best Crypto Mobile Applications You Should Explore
1. Binance
This is simply the best crypto mobile app you should never mind investing in. Well-known for liquidity, tradeable crypto pairs, clean interface, and low fees, Binance has garnered significant attention over time. This crypto application even has a staking and saving feature that lets you build a money-benefits passive income stream if you know how to trade strategically. The best part? Binance is cross-chain compatible indicating its well-develop backend infrastructure for more advanced features. Let’s see some of its pros and cons.
Cryptocurrencies: 350+
Pros
- Well-developed interface with multiple view windows for all traders.
- Real-time up-to-date data feed along with customizable charts.
- Price alert notifications.
- High-security protocols (2FA, IP Whitelisting, and Cold storage)
Cons
- Frequent Server overload that frustrates the traders
- Complex learning maps that usually overwhelm the newbies
Despite these, Binance has the best fee structure. It doesn’t cost you a hefty amount instead the pricing is competitively low. Per trade, you’ll get charged 0.1% only and if you’re paying through BNB, you’ll get an additional 25% discount. However, the withdrawal fees can vary but usually, it’s 0.0005 BTC and the best part is there’s no deposit fee for crypto transfers.
2. Crypto.com
Why we picked it? Crypto.com has over 50-80 million global users making it one of the largest platforms by user base and it’s known as the most comprehensive app integrated with advanced features and a user-friendly layout with widespread adoption of its native token CRO. Do you know what’s the best part? This one application leverages you with multiple crypto services — exchange, wallet, debit card, staking, and DeFi features.
The following are its standout features;
- If you own its crypto visa card, it’ll allow you to spend your crypto anywhere with an 8% cashback on all purchases.
- Its DeFi wallet is fully decentralized, giving you full security.
- You can even buy and sell NFTs with Crypto.com.
- This mobile exchange also has interests applicable to over 30+ currencies with market competitive rates.
Cryptocurrencies: 350+
Pros
- All in one service application.
- Comprehensive learning sources to guide you in every step.
- Best interface
- Caters to both new and established traders
- Charges you only 0.4% per trade and if you have CRO in stake you’ll get a 50% more discount bringing the fee down to 0.2%.
Cons
- Occasional downtime during peak hours.
- Slow customer service.
- Rewards for those who hold the most CROs.
3. Kraken
Kraken’s mobile application is best for both established and new traders and supports a secure and seamless trading experience. Let’s see some of its most loved features;
- Kraken offers both spot trading and future contracts with offers up to 5x on the spot and 50x over future.
- Staking option over many cryptocurrencies.
- Wide range of fiat currencies available for trade.
- This mobile application also supports multiple order types that include stop-loss, conditional close, and take-profit orders.
Cryptocurrencies: 180+
Pros
- Well-developed security protocols (Proof of Reserves, 2FA, Cold Storage, and PGP Encryption)
- Easy to browse interface with advanced tools integration
- Recommended for investors in margin and derivative trading
- Good customer support
- Affordable trading fee structure
Cons
- Charges on margin trading
- No comprehensive learning sources
4. Gemini
Founded in 2014, this crypto mobile app has a pretty good reputation in the industry owing to its strong focus on security and regulatory compliance. Gemini is best for users who prefer good security first even before money benefits.
This crypto wallet is regulated by the New York Department of Financial Services (NYDFS) and is currently operating in over 50 states in America.
You can imagine the level of security now. The robust regulatory check allows users to spend crypto directly at more than 30,000 retail exchanges in the United States. However, there’s a catch. The fee structure is pretty straightforward but is a bit higher than most of the exchanges. For example, Gemini charges a good to mobile traders depending on the trading size, like a $1.49 charge on a $200 trade. But the good part is this crypto mobile app has 10 free withdrawals a month and there’s no deduction on crypto deposits except if you do debit card purchases that incur a 3.49% fee.
Cryptocurrencies: 100+
Pros
- Highly regulated
- Security-focused (SOC Compliance)
- User-centric design approach
Cons
- High fees
- Limited asset support
5. eToro
eToro mobile app is a multi-asset platform, well-known in the industry for its access to crypto and stocks. Why do people love eToro? It allows users to copy trades from professional traders, making it the best go-to option for beginners. Its crypto exchange (eTorox Exchange) has pretty commendable features like margin trading and accessibility to crypto-to-crypto pairs. With this on-the-go trading application, you’ll also find a staking feature for currencies like ADA and TRX with competitive returns.
Cryptocurrencies: 100+
Pros
- Copy trading
- User-friendly features
- Lots of investment options
Cons
- eToro charges a 1% spread on all trades and a flat $5 per withdrawal no matter the size.
- Limited crypto pairs selection
- Geographically restricted: eToro isn’t available in Hawaii, NYC, and Nevada.
6. Coinbase
Coinbase mobile application is all you need. This exchange has garnered a whopping 100 million users globally and this number couldn’t be a joke, right? If you’re just starting, Coinbase will be your most loyal on-the-go trading partner. Even you’ll be earning up to $100 rewards watching its learning tutorial, what a win-win deal! See its pros and cons.
Cryptocurrencies: 240+
Pros
- Well-secured
- User-centric interface
- Offers you $320 million in insurance coverage
- Recurring buy feature
- Lots of educational tools
- Ease of use
Cons
- High fees
- Slow customer response
7. KuCoin
Next up, we’ve KuCoin on our list. This is also one of the best crypto mobile applications with a 27 million user base across the globe. KuCoin supports more than 700+ cryptocurrencies, making it the favorite option for traders who look out for smaller and lesser-known tokens. Its mobile application is pretty easy to use, followed by advanced tools and features. You can even earn interest on your crypto holdings by staking and lending services that return a big sum of money. KuCoin also offers you margin trading with 10x leverage and 100x leverage over future trading.
What’s even more commendable? This crypto mobile app doesn’t cost you a hefty amount instead its trading fee starts from as low as 0.1%.
Cryptocurrencies: 700+
Pros
- Wide range of currency selection
- Low fees
- Trading bot
- Passive income stream
- Easy to navigate
Cons
- Not highly regulated
- Slow customer service
8. CoinSmart
A simple yet intuitive platform for on-the-go traders. However, it offers fewer crypto pairs compared to other global mobile exchanges but has a very robust system monitoring for a smooth trading experience. You’ll have both features accessible – crypto-to-crypto and fiat-to-crypto transactions. Moving ahead to its pros, CoinSmart has a speedy onboarding process and does all the verification processes in one day.
You won’t have to convert your crypto into base currency instead you can trade with any. What’s even more commendable is the Smart Trade Academy. Coinbase has this educational guide for all its novice traders. You’ll also find many more advanced features such as stop-loss orders, real-time charting, and limit orders. Last but not least, CoinSmart also doesn’t have any hidden fee structure. Users will have all the access to track their records.
Cons
- Not available globally
- Limited crypto currency availability
- Less advanced tools
9. ByBit
Next up, we’ve ByBit on our list. This crypto mobile app has expanded its features to spot and future tradings. It offers you leverage up to 100x for derivatives and 20x for spot trading. Security is its top priority owing to its multiple layers of protection. Your crypto won’t get hacked as ByBit keeps 100% of its funds in cold wallets to prevent cyber attacks. Its fee structure is also very appealing considering this mobile application charges a 0.1% taker fee and 0% maker fee. In the future, this platform will shift to a maker-taker model.
Cryptocurrencies: 100+
Cons
- Very few altcoins to select from
- Limited support for spot trading
10. Robinhood
Last but not least, we have Robinhood. This application has been making waves since 2013 but after its entrance to the crypto market in 2018, Robinhood gained huge popularity owing to its user-friendly interface and zero-commission model. You don’t have to buy big shares instead Robinhood gives you the flexibility to invest in a small fraction of crypto. The even best part is you don’t have to wait to clear the funds but can trade cryptocurrencies immediately after making a deposit.
Cryptocurrencies: 15
Pros
- Zero commission
- Simple & clean interface
- Instant fund access
- You can trade stock and crypto within the same app,
Cons
- No crypto wallet
- Less advanced tools
- Very limited crypto selection
These crypto mobile apps aren’t the only but they are so far the best. Now as we have seen them briefly, let’s do a quick comparison.
Comparative Table Analysis for Best Crypto Mobile App
Conclusion
Coming to the end of this article, we’ve seen how each crypto mobile app stands out in the crowd with its unique features. We’ve also covered what perimeters you should consider while choosing your on-the-go trading application. These crypto-mobile exchanges have become an indispensable tool for traders, whether newbie or established. Binance, KuCoin, and Coinbase have gained popularity in terms of low fees, advanced features, and real-time updates.
If you’re an ultimate beginner, you’ll never find apps better than Robinhood and CoinSmart and if you have gained some good experience, what’s better than exploring the advanced features of ByBit and Kraken? In short, All mobile-friendly crypto exchanges have something unique. Now, you need to evaluate your needs and decide your on-the-go trading app accordingly.
FAQs
1. Which mobile phone can I use for crypto trading?
Yes. Mobile phones do make a difference. A speedy smartphone will help you boost productivity, take fast action, and never let you lose trades. Following are the devices you can consider;
- iPhone 15
- Samsung S23
- OnePlus 11.
- Samsung Galaxy A14.
- Note Ultra Galaxy Z Flip.
- Google Pixel 7a.
2. Are these mobile exchanges available outside the US?
Not all mobile-friendly crypto exchange has global restrictions. Binance, Crypto.com, and KuCoin are available in almost all countries whereas Robinhood and Coinbase are restricted to some regions. Better is to do your research before joining a platform.
3. Can I trade other assets like Stocks on mobile crypto exchanges?
Yes, you can. But it depends on the application as well. Some crypto exchanges like eToro and Robinhood allow users to trade both stocks and crypto whereas Coinbase, Binance, and Gemini support only crypto trading.
4. What’s the withdrawal time for mobile exchanges?
Time varies from platform to platform and also depends upon the payment method. If it is a bank transfer then most applications take a good 1-2 days but crypto withdrawals are usually fast depending on network congestion and most applications do it instantly like Crypto.com.
