7 Best Cryptocurrency Apps For Beginners With Pros And Cons (2023)

Getting started into the world of best cryptocurrency apps can be difficult. Especially when there are tons of data available on the internet in the form of apps and platforms. Surfing and searching through those can be overwhelming. In this blog post, we will introduce you to some of the best beginner-friendly apps to get started. These apps have been carefully selected for their user-friendliness, security and a range of features. Whether you are looking to buy, sell or store digital assets, these apps have you covered.

We will provide a brief overview of each app and highlight some of its key features, so you can make an informed decision about which one is right for you. If you are ready to take the first step in your crypto journey, read on for our top 7 picks for the best crypto apps for beginners (2023). Note, The standings are random and has no connection with the quality of the app in comparison with others. What this means is the first app is in no way superior to the last app in the list, you are free to choose any of the app listed below.

Crypto Apps For Beginners: The Ultimate Guide (2023)

  1. Coinbase

It is a popular platform for buying, selling, and storing cryptocurrencies. Coinbase app lets you trade in Bitcoin, Ethereum and 100 other cryptocurrencies and regularly adds new coins to its list. One of the key Features of this app is its user-friendliness. It offers useful educational resources to help new users to get started. In fact, you can earn rewards by learning about cryptocurrencies through the “learn and earn” feature in the application.

Pros

1. Supports a wide range of cryptocurrencies including popular digital assets like Bitcoin, Ethereum and many more.
2. Simple and user-friendly interface for beginners
3. Wide variety of educational resources and new users earn rewards for learning.
4. High rated App on Android and iOS with thousands of downloads that make it a popular choice.

Cons

1. Not available in every country: Coinbase is available only in certain countries, so it may not be an option for everyone.
2. Not Free: Coinbase charges fees which may be higher than other platforms.
3. Centralized Platform: it is a centralized platform, meaning all the user’s funds are not stored on the blockchain, but instead held by Coinbase.
4. Limited payment options: It offers only a limited range of methods for payment, which may not be convenient for some users.

2. Binance

Binance is a crypto exchange platform which offers a wide variety of features suitable for crypto traders of all levels. From beginner to advance charting, user education, a wide range of trade options and more importantly a relatively low fees makes it a suitable choice for beginners. However, Binance can be a bit overwhelming for some users to get used to, but its ultra low fees make it a worthwhile app for beginners.

Pros

1. Supports a Wide range of Cryptocurrencies.
2. Low fees of Binance makes it a popular and affordable app to get started in crypto.
3. Transaction speeds are fast, which enables its users to take advantage of the market in real-time.
4. Two-factor authentication security, Binance has a reputation of being a secure app among thousands of experienced users.

Cons

1. Some beginners may find its wide range of features overwhelming, but with patience, one can get a hang of it and start taking advantage from the app.
2. Only available in certain countries, users in certain locations may not be able to use Binance.

3. BlockFi

BlockFi, as a financial services company, offers a wide range of products to cryptocurrency traders, including a mobile app. Available on both android and iOS. The app is specially designed to be beginner-friendly and easy to navigate. Some of its features are tracking performance on investments, execute trades, view cryptocurrency transactions and history. One of its major advantage is user can earn interest through the cryptocurrency holdings. It also allows users to borrow against their crypto assets at competitive rates.

Pros

1. It is user-friendly and easy to navigate.
2. A wide range of educational resources and tools are available.
3. Along with support for a wide range of cryptocurrencies, users can also earn interest on their cryptocurrency holdings.
4. Users can borrow at competitive rates.

Cons

1. The app may require users to hold a minimum balance in their accounts.
2. Only available in certain countries, Users in certain locations may not be able to use BlockFi.

4. Zebpay

It is a cryptocurrency exchange platform which also offers an app for android and iOS users. It does offer a user-friendly and easy to use interface, which makes it a good choice for beginners. Furthermore, it also provides educations resources and tools to help users learn more about crypto trading. Moreover, this app offers fast transaction speeds at low fees, which makes it a popular choice among the frequent traders.

Pros

1. It is user-friendly and easy to navigate.
2. A wide range of educational resources and tools are available.
3. Affordable Fees. Zebpay has affordable fees, which makes it a suitable choice for frequent traders.
4. It also offers fast transactional speeds.

Cons

1. Limited payment options, ZebPay offers only a limited range of methods for payment, which may not be convenient for some users.
2. Availability, ZebPay is not available in certain countries. Hence, some users might not be able to use it.

Also See:
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Why Bitcoin Is Going Down? (Danger Future Predictions)
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5. Kraken

Like other contenders in the list, it is a cryptocurrency exchange platform that offers a mobile app for android and iOS users. Although, Kraken is known for its advanced trading features, which makes it suitable for advanced users. It still is relatively easy to use and offers resources and tools to help its users learn more about cryptocurrency investing. It also provides high transaction speeds at low fees, which makes it a potential choice for beginners.

Pros

1. It charges relatively low fees for trades, with maker fees as low as 0% and taker fees as low as 0.16%.
2. Offers fast transactional speeds.
3. Along with support for a wide range of cryptocurrencies, It also offers educational resources and tools for users to get started.
4. It is one of the most liquid cryptocurrency exchange in the market which make it easy for transactions even for large trades.

Cons

1. The app has a complicated interface which may be overwhelming to complete beginners.
2. Limited payment methods.
3. May not be available in all countries.

6. Robinhood

Robinhood is a unique “commission-free” platform that also provides an app for android and iOS users. Its users can make informed decisions based on tools and resources that track performance of their investments in the app. It has a user-friendly and easy to use interface.

Pros

1. Robinhood app charges no fees!
2. It is convenient to use with its user-friendly interface.
3. Supports a wide range of cryptocurrencies.

Cons

1. Limited Features, some of the more advance tools like margin trading, advance charting tools are absent.
2. Limited Payment methods, it only supports bank transfers and debit card deposits, which may not be convenient for everyone.
3. Concern over security, Robinhood have had security concerns over the past which might make some users hesitant using it.

7. Gemini

Gemini is a well respected and secure cryptocurrency exchange platform suitable for both beginner and advance traders. Gemini can be considered as one of the most secured platform, that’s because Gemini is licensed and a regulated exchange. Also, it stores its assets offline. In air gapped cold storage, where they remain secure from hacking and theft. The app is available in android and iOS and has a convenient UI to use.

Pros

1. Top-notch security.
2. Convenient to use.
3. Supports wide variety of cryptocurrencies.
4. Also has some high level features like margin-trading, over-the-counter trading (OTC)  etc.

Cons

1. The fees are relatively high.
2. Limited payment options.
3. Limited customer support.

Note, this list is in no way a complete set of apps to go for, everyday tons of apps and platforms are emerging for the top spot and your convenient app can depend upon your location, like if you are from India apps like WazirX, Bitbns, Unocoin may be the choice for you while that may not be available to other audience. The list is created to help maximum audience who can use it as preference to embark on their crypto journey. A bit of patience and smart choices, can help you meet your earning goals you’ve been dreaming for, till then keep learning and keep growing.

Thinking to get into the world of Crypto, check out this post on Things To Absolutely Know Before Starting Cryptocurrency Trading.