October 18, 2021

Best Cryptocurrency App for Beginners

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So you've finally decided to take the plunge into crypto, and you're wondering where to get started. Review these top-rated cryptocurrency apps for beginners.

Best App for Beginners to Buy Bitcoin
Coinbase

Earn $5 in bitcoin for getting started on Coinbase

Personalized $5 reward offer is displayed after account creation. Limited time offer and while supplies last. Offer available to new users who have not previously verified their identification. Offer not available to new users who were referred to Coinbase through the Referral Program or who have previously opened an account using different contact information. Coinbase may update the conditions for eligibility at any time, in its sole discretion. See Terms and Conditions.

Best App for Beginners to Earn Interest on Crypto
BlockFi

Get Up to $250 in Bonus BTC

DepositCrypto Bonus
$100 - $1,499$15
$1,500 - $19,999$20
$20,000 - $39,999$40
$40,000 - $74,999$75
$75,000 - $99,999$100
$100,000+$250

If you're just getting into crypto, you've probably done a fair amount of research.

But it's still overwhelming. Trade here. Invest in that. Buy now, or you're going to miss the dip!

A good first step is to choose a platform and build from there.

In this guide, review the best beginner-friendly trading apps, wallets, interest accounts, and portfolio trackers to start your crypto journey.

Best Cryptocurrency Apps for Beginners

The right app for you depends on your goals. Some are looking for a platform to use for years, others are looking for the quickest on-ramp possible. Some people want extra features, variety, all the bells and whistles. Others want an absolute no-frills experience.

There is no single best cryptocurrency app. But there is a best cryptocurrency app for you, right now. Let's take a look at your options.

Trading App

If you've been doing your own research online, Coinbase was likely the first name you came across.

Coinbase is at the top of this list for that reason. It's intuitive, and anyone can use it. And they know you'll have questions when you're getting started, so they provide a wealth of resources to help you learn more about crypto basics.

They'll even pay you to learn about specific coins, with rewards offered for taking short courses on currencies like Ankr, Compound, and Stellar Lumens.

But Coinbase isn't perfect. That ease of use comes with a price, and Coinbase has higher fees than average compared to other popular exchanges. But if you're still taking your first steps, that extra cost may be worth it.

Supported Coins

List of popular coins on Coinbase:
  • 1INCH
  • AAVE
  • ADA
  • ALGO
  • ANKR
  • ATOM
  • BAL
  • BAND
  • BAT
  • BCH
  • BNT
  • BTC
  • CGLD
  • COMP
  • CRV
  • CVC
  • DAI
  • DASH
  • DNT
  • ENJ
  • EOS
  • ETC
  • ETH
  • FIL
  • FORTH
  • GRT
  • KNC
  • LINK
  • LRC
  • LTC
  • MANA
  • MATIC
  • MKR
  • NKN
  • NMR
  • NU
  • OGN
  • OMG
  • OXT
  • REN
  • REP
  • SKL
  • SNX
  • STORJ
  • SUSHI
  • UMA
  • UNI
  • USDC
  • WBTC
  • XLM
  • XTZ
  • YFI
  • ZEC
  • ZRX

Key Features

  • Staking rewards: A way to earn interest on your coins
  • Coinbase Wallet: Separate, standalone app to store your coins
  • Coinbase Visa card: Earn crypto rewards on purchases
  • Coinbase Pro: Coinbase's expert-oriented platform with much lower fees

Fees

Transaction FeeGreater of Minimum Flat Fees or Variable Fees (1.49%+) by Location and Payment Method.
Minimum Flat Fees:
  • < $10: $0.99
  • $10.01 - $25: $1.49
  • $25.01 - $50: $1.99
  • $50.01 - $200: $2.99
Spread
0.50%
Bank Account Purchase Fee
1.49%
Wallet Purchase Fee
1.49%
Debit Card Purchase Fee
3.99%
ACH Transfer Fee
Free
Wire Transfer Fee
$10 ($25 outgoing)
Crypto Conversion Fee
up to 2%
Withdrawal Fee 

Coinbase: Pricing information from published website as of 04/13/2021.

Coinbase

Earn $5 in bitcoin for getting started on Coinbase

Personalized $5 reward offer is displayed after account creation. Limited time offer and while supplies last. Offer available to new users who have not previously verified their identification. Offer not available to new users who were referred to Coinbase through the Referral Program or who have previously opened an account using different contact information. Coinbase may update the conditions for eligibility at any time, in its sole discretion. See Terms and Conditions.

Trading App

Maybe your goal is to become a crypto expert. You want to know all about trading, about who's buying what, what coins are hot, and what the inside talk is. That's where eToro comes in.

eToro is a cryptocurrency social trading app that allows you to follow other traders and talk strategy on their public "walls".

More importantly, though, you can find experienced traders who have a history of successful trading.

eToro is best known for a feature called CopyTrading, which allows you to follow those traders, rated by risk score and earnings, and mimic their trades in your own account.

This means you can see, in real-time, exactly what the pros are doing. Eventually, you may get to the point where you can make those decisions yourself.

Supported Coins

List of popular coins on eToro:
  • Aave
  • Algorand
  • Basic Attention Token
  • Bitcoin
  • Bitcoin Cash
  • Cardano
  • Chainlink
  • Compound
  • Dash
  • Decentraland
  • Dogecoin
  • Enjin
  • EOS
  • Ethereum
  • Ethereum Classic
  • IOTA
  • Litecoin
  • Maker
  • NEO
  • Polygon
  • Ripple
  • Shiba
  • Stellar
  • Tezos
  • TRON
  • Uniswap
  • Yearn.finance
  • ZCASH

They support trading crypto in the U.S., and other securities, like stocks, internationally.

Key Features

  • CopyPortfolios: Invest in groups of cryptocurrencies tied together by common themes; min. investment is $5,000
  • Practice account: Trade risk-free with $100,000 of fake money
  • Turorials and Financial guides: Including Weekly Crypto Roundups covering the latest news

Fees

Transaction Fee
Free
Spread
0.75% - 5%
Bank Account Purchase Fee
Free
Wallet Purchase Fee
Free
Debit Card Purchase Fee
Free
ACH Transfer Fee
Free
Wire Transfer Fee
Free
Crypto Conversion Fee
0.10%
Withdrawal Fee 

Trading App

Paybis isn't cheap. But it is easy.

While they do charge relatively high fees compared to other exchanges, if you're hoping to get in, buy crypto, and get out, Paybis may be right for you.

It doesn't get much simpler than buying crypto with your debit or credit card through Paybis.

Paybis is a non-custodial exchange. That means you'll have to have your own cryptocurrency wallet before you make a purchase. They provide 24/7 support to make sure your questions are answered when you have them, and they have a high rating on Trustpilot.

They're available in over 180 countries and 48 U.S. states, excluding Hawaii and New York.

They're licensed with the FinCEN Department of the Treasury in the United States.

Supported Coins & Currencies

Full list of supported coins on Paybis:
  • Binance Coin (BEP2 and BEP20)
  • Bitcoin
  • Bitcoin Cash
  • Dogecoin
  • Ethereum
  • Litecoin
  • Ripple
  • Stellar
  • Tether (TRC20 and ERC20)
  • TRON

Full list of supported fiat currencies on Paybis:
  • AED
  • ARS
  • AUD
  • AZN
  • BDT
  • BYN
  • CAD
  • CHF
  • CRC
  • CZK
  • DKK
  • DOP
  • DZD
  • EGP
  • EUR
  • GBP
  • GEL
  • HKD
  • HRK
  • HUF
  • INR
  • JPY
  • KRW
  • KWD
  • MAD
  • MYR
  • NGN
  • NOK
  • PEN
  • PHP
  • PLN
  • RON
  • RUB
  • SAR
  • SEK
  • SGD
  • THB
  • TND
  • TRY
  • UAH
  • USD
  • XAF
  • ZAR

Key Features
Paybis is a completely no-frills exchange, so there aren't really any extra features. It's all about buying and selling coins.

You can even select from pre-determined amounts to buy $1,000, $5,000, $10,000, or $20,000 worth of Bitcoin in practically a single click.

Fees

  • Paybis Transaction Fee: 2.49%; waived on first purchase
  • Credit or Debit Card Processing Fee: Minimum $10 USD equivalent, or 4.5% for transactions in USD, EUR, GBP, and up to 6.5% for other currencies
  • Network Fee: Varies depending on coin and demand; charged to confirm transactions on the blockchain

Paybis: Buy Bitcoin with Credit Card or Debit Card

Trading App

Crypto.com may not be the most beginner-friendly exchange, but it does have a lot to offer. And it's fairly easy to get the hang of with a little practice.

You won't find more crypto-related services in one place than you will at Crypto.com.

Supported Coins

Full list of supported coins on Crypto.com:
  • 0x
  • 1inch
  • Aave
  • Aavegotchi
  • aelf
  • Algorand
  • Amp
  • Ampleforth Governance Token
  • Ardor
  • Ark
  • Arweave
  • Audius
  • Avalanche
  • Axie Infinity
  • BakeryToken
  • Balancer
  • Bancor
  • Band Protocol
  • BigONE Token
  • Binance Coin
  • Binance USD
  • Bitcoin
  • Bitcoin Cash
  • Bluzelle
  • Cardano
  • Casper
  • Celer Network
  • Chainlink Solana
  • Chiliz
  • Chromia
  • Compound
  • Compound Coin
  • Contentos
  • Cosmos
  • Crypto.com Coin
  • Curve DAO Token
  • Dai
  • Dash
  • Decentraland
  • DIA
  • DigiByte
  • Dogecoin
  • Ellipsis
  • Elrond
  • Enjin Coin
  • Enzyme
  • EOS
  • Epanus
  • Ethereum
  • Ethereum Classic
  • Everipedia
  • Fantom
  • Fetch.ai
  • Filecoin
  • Flow (Dapper Labs)
  • Game.com
  • Gas
  • Gemini Dollar
  • Gitcoin
  • Golden Ratio Token
  • Golem
  • Harmony
  • Helium
  • Holo
  • HUSD
  • Hydro Protocol
  • ICON
  • iExec RLC
  • Injective Protocol
  • Internet Computer
  • IOST
  • IQ.cash
  • IRISnet
  • Kava
  • Komodo
  • Kusama
  • Kyber Network Crystal Legacy
  • Lisk
  • Litecoin
  • Livepeer
  • Loopring
  • Luna Coin
  • Maker
  • Nano
  • NEAR Protocol
  • Neo
  • Nervos Network
  • NKN
  • NuCypher
  • Numeraire
  • Ocean Protocol
  • OMG Network
  • Ontology
  • Ontology Gas
  • Origin Protocol
  • Pancake Swap
  • PAX Gold
  • Paxos Standard
  • Polkadot
  • Polkastarter
  • Polygon
  • Qtum
  • Raiden Network Token
  • Rally
  • Rarible
  • Ravencoin
  • Ren
  • Reserve Rights
  • Ripple
  • Shiba Token
  • Siacoin
  • SKALE Network
  • SoMee.Social
  • Stacks
  • Stellar
  • Storj
  • Stox
  • STRAX
  • SushiSwap
  • Synthetix Network
  • Tellor
  • Terra
  • Tether
  • Tezos
  • The Graph
  • The Sandbox
  • THETA
  • Theta Fuel
  • THORChain
  • TomoChain
  • TrueUSD
  • UMA
  • UNICORN Token
  • Uniswap
  • Universe
  • USDC
  • VeChain
  • Venus
  • VeThor Token
  • Waltonchain
  • Waves
  • Wrapped Bitcoin
  • XSGD
  • yearns.finance
  • Zilliqa

Key Features

  • Staking accounts: A way to earn interest on your coins
  • Crypto rewards cards: A range of cards through Visa that reward you in crypto
  • Crypto-backed loans: Borrow against the value of your crypto without selling it
  • Pay Feature: Make purchases with crypto using a mobile app
  • Custodial and non-custodial wallets: For storing your crypto
  • NFT Marketplace: A place to buy and sell collectible digital art pieces recorded on the blockchain

Fees

Transaction FeeTiered Maker-Taker Fee Structure based on 30-Day Trade Volume from 0.04% to 0.4% with discounts from 10% to 100% for staking CRO
Spread
0.25% - 0.5%
Bank Account Purchase Fee
No
Wallet Purchase Fee 
Debit Card Purchase Fee2.99% in the U.S. and most countries, 3.99% in a select few
ACH Transfer Fee
No
Wire Transfer Fee
No
Crypto Conversion Fee
No
Withdrawal FeeVary by coin: Bitcoin: 0.0004 BTC, Ethereum: 0.008 ETH, Litecoin: 0.001 LTC

Crypto.com: Pricing information from published website as of 05/07/2021.

Crypto.com

USD $10 Sign Up Bonus

You will need to stake in $1000 CRO to earn USD $10 worth of CRO. Only the first amount of CRO you stake is used to calculate the sign-up bonus.

Crypto Wallet

The Coinbase Wallet is a safe alternative to keeping your coins on the exchange.

It's free to use, and you don't need a Coinbase account to download and use their wallet on your mobile device, even though it's made by Coinbase. However, you can easily transfer your coins from the Coinbase Wallet to the exchange.

It supports ERC-20 Tokens, NFTs, and decentralized apps (DApps), and offers the ability to shop at merchants that accept crypto and to send and receive crypto when you need to.

The Coinbase Wallet is noncustodial. That means you have full control of your public and private keys, not Coinbase. You can switch from existing wallets and your recovery phrase can be backed up via Google Drive or iCloud.

6. Trust Wallet

Crypto Wallet

Trust Wallet supports an impressive 160k different assets, 53 blockchains, plus DApps and NFTs.

It's free to use, and compatible with Android and Apple devices.

It's the digital wallet recommended by Binance, one of the largest exchanges in the world.

With the Trust Wallet, you can swap between different currencies, earn interest by staking, and buy more crypto directly via credit card, in addition to safely storing your crypto and stablecoins.

Interest Accounts

BlockFi makes it easy to earn interest on your crypto. BlockFi's Interest Accounts (BIA) are available for around 10 cryptocurrencies and stablecoins, including popular coins like Bitcoin and Ethereum.

BlockFi's Interest Accounts have no minimum deposit, and interest is paid monthly. Unlike many interest-earning platforms, there are no requirements to earn the highest rates.

They tend to offer the best rates for stablecoins, cryptocurrencies whose value is tied directly to that of a fiat currency like the USD. These include coins like USD Coin (USDC), GUSD, and PAX. Most currencies have decreasing interest rates as you deposit more.

BlockFi earns points for security, too. All funds are kept in cold storage and the platform uses two-factor authentication and wallet address allowlisting to prevent unwanted transfers.

The only fees relevant to their crypto savings accounts are their withdrawal fees, which vary by currency. The full list can be found here.

In addition to their interest accounts, BlockFi has a limited exchange and offers crypto-backed loans.

BlockFi

Get Up to $250 in Bonus BTC

DepositCrypto Bonus
$100 - $1,499$15
$1,500 - $19,999$20
$20,000 - $39,999$40
$40,000 - $74,999$75
$75,000 - $99,999$100
$100,000+$250

Interest Accounts

Nexo offers high-yield interest accounts on 17 different cryptocurrencies, paid daily.

Earn interest on cryptocurrencies like Bitcoin, Ethereum, and Ripple, with higher rates offered for stablecoins such as USDT, USDC, and DAI, and even earn interest on cash deposits of USD, GBP, and EUR.

Their base rates are not always as high as other platforms like BlockFi, but they increase your returns to truly high numbers:

Fixed Terms

  • 1% bonus to crypto and fiat rates with fixed-term deposits.
  • Terms are one month for crypto, three for fiat currencies.
  • Fixed terms aren't currently available for stablecoins.

Payout Method

  • 2% bonus for those who take their earnings in the NEXO token

Loyalty Tier (based on percent of users' holdings made up of the NEXO token)

Base
Up to 1% NEXO tokens in portfolio
Silver
1 - 5% NEXO tokens in portfolio
Gold
5 - 10% NEXO tokens in portfolio
Platinum
Over 10% NEXO tokens in portfolio
Cryptocurrencies0.0% bonus0.25% bonus0.50% bonus1% bonus
Stablecoins0.0% bonus0.25% bonus1% bonus2% bonus
Fiat Currencies0.0% bonus0.25% bonus1% bonus2% bonus

Besides interest accounts, they also offer an exchange, crypto-backed loans, and the Nexo Card, which allows you to borrow real time against your crypto credit line at retailers worldwide.

Nexo: Earn Interest on NEXO - 12% APY

9. Blockfolio

Crypto Portfolio Tracker

Blockfolio is a popular mobile-first crypto portfolio tracker that offers a free and easy way to keep track of your cryptocurrency investments.

You're able to track over 10,000 cryptocurrencies and connect with over 500 exchanges.

While originally it was purely a tracking app, Blockfolio was acquired by cryptocurrency exchange FTX in 2020, and now appears in the app store under that name. Since then, it's offered crypto trading and interest accounts too.

They also have a communication and news platform that allows developers and token teams to communicate with investors to keep you up-to-date with the latest news.

10. Delta

Crypto Portfolio Tracker

Delta is a crypto tracker with apps for iOS and Android devices. It's completely free and features a simple interface that won't be too hard for beginners to get used to.

It's compatible with over 7,000 cryptocurrencies and stablecoins, including the most popular like Bitcoin and Ethereum, with support for over 300 exchanges, like Coinbase, Kraken, Gemini, and more. It's also compatible with crypto wallets like Ledger.

If you have accounts on multiple exchanges, Delta can be a huge help. It keeps track of important details regarding your coins, like:

  • Where you acquired them
  • Where they're stored
  • Your trades and investment status
  • Your most used exchanges

You can also divide your account into multiple portfolios, and make different ones for different family members. You can also sync multiple devices. On top of tracking crypto, they've added the ability to track stocks as well.

Bottom Line

Whether you're looking to jump right into trading cryptocurrency, or taking the first steps on your way to becoming a crypto expert, there are helpful apps to help you get started.

Buy and sell crypto on an exchange, keep it safe in a crypto wallet, and track your investments with a portfolio tracker.

When you choose, remember that it doesn't have to be forever. Every app has a lot to offer, and there's nothing stopping you from signing up for two or three and kicking the tires a bit.

The most important thing is that you start. The world of crypto moves fast, and the best way to learn is by doing.

Jeremy Harshman is a protector of art and writing at CreditDonkey, a crypto comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Read Next:

Best Places to Buy Bitcoin

Best Places to Buy Bitcoin

Best Crypto IRA

Best Crypto IRA

How to Invest in Cryptocurrency

How to Invest in Cryptocurrency

Coinbase Review

Coinbase Review

eToro Review

eToro Review

Paybis Review

Paybis Review

BlockFi

Get Up to $250 in Bonus BTC

DepositCrypto Bonus
$100 - $1,499$15
$1,500 - $19,999$20
$20,000 - $39,999$40
$40,000 - $74,999$75
$75,000 - $99,999$100
$100,000+$250


Best Cryptocurrency Exchange

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