8 Popular Crypto Apps for Beginners (2023)

Today’s digital age presents a revolutionary form of finance. Cryptocurrencies like Bitcoin and Ethereum offer a new way to conduct transactions and invest. However, it’s a fact that navigating the complex world of cryptocurrencies can be daunting for beginners.

This is where crypto apps come into play. These user-friendly applications serve as gateways to the crypto market for beginners. They provide an accessible way to buy, sell, and manage cryptocurrencies, making the process of joining the market less intimidating.

Crypto apps are more than just trading platforms. They provide real-time market data, secure wallets for storing digital assets, and even educational resources to help beginners understand the basics of cryptocurrency trading.

Choosing the right crypto app can significantly impact a beginner’s journey into the world of cryptocurrencies. The ideal app should be easy to use, secure, and offer a wide range of cryptocurrencies for trading.

Today’s article explores some of the most popular crypto apps for beginners. Whether you’re making your first cryptocurrency purchase or seeking a reliable app for regular trading, this guide will provide valuable insights to help you make an informed decision.

Top Features to Look for in a Crypto App

Choosing the right crypto app as a beginner involves considering several key features to ensure a smooth and secure experience.

Firstly, the app should have a user-friendly interface. An intuitive and easy-to-navigate design is crucial for beginners since it makes executing transactions and managing your account simple. Look for clear instructions, easy-to-read fonts, and straightforward navigation menus.

Security is another critical aspect. Robust security measures are essential to protect your cryptocurrencies. Features like two-factor authentication (2FA), biometric logins, and various forms of encryption should be part of the app’s security protocol.

The availability of different cryptocurrencies is also important. While you might start with popular cryptocurrencies like Bitcoin and Ethereum, having the option to explore altcoins as you gain experience is beneficial. The more options the app offers, the better.

Understanding the app’s fee structure is equally important. Fees can apply to transactions, withdrawals, deposits, and trades. Being aware of these charges before you start using the app can help avoid any unexpected costs.

Lastly, good customer support can make a significant difference. Opt for apps that offer 24/7 customer support and have multiple communication channels, such as email, phone, live chat, and social media.

Top 8 Popular Crypto Apps for Beginners in 2023

I’ve carefully curated a list of apps that are not only user-friendly, but also offer a wide range of features, making them ideal for beginners. These apps have been chosen based on their ease of use, feature variety, device compatibility, design, and fee structure.

Whether you’re looking for an app with advanced trading options, or one that offers educational resources to help you understand the basics of cryptocurrency, there’s something for everyone.

1. eToro

eToro is a globally recognized trading platform that offers a unique blend of traditional asset and cryptocurrency trading. Established in 2007, eToro has made a name for itself with its innovative social trading features, which allow users to copy the trades of successful investors.

eToro offers a user-friendly platform that is ideal for beginners. The platform provides a wide range of assets for trading, including cryptocurrencies, stocks, and commodities.

One of the standout features of eToro is its social trading capabilities. The platform’s CopyTrader feature allows users to mimic the trades of successful investors, providing a learning opportunity for beginners.

Security is a top priority for eToro. The platform uses advanced encryption technology to protect user data and funds. Additionally, eToro is regulated by several financial authorities worldwide, including the UK’s Financial Conduct Authority (FCA), ensuring a secure trading environment.

eToro supports around 24 cryptocurrencies in total, including Bitcoin, Ethereum, Litecoin, Cardano, and many others. While the platform’s offering isn’t the greatest, they still support most of what the market considers popular cryptocurrencies.

eToro’s fee structure is relatively straightforward. The platform charges a simple and transparent transaction fee of 1% for each position that you open or close. While not the lowest fee, eToro’s great UI makes up for it.

eToro offers customer support via live chat and email. However, some users have reported that the response times can be a bit slow, which is something to consider.

Pros

• User-friendly interface, suitable for beginners
• Unique social trading features
• Regulated by several financial authorities

Cons

• The platform offers a limited number of cryptocurrencies.
• Customer service response times can be slow

2. Shrimpy Advisory

Shrimpy Advisory is an automated and intuitive platform that accommodates individuals across all levels of cryptocurrency investing.

After completing a simple questionnaire, users are able to define their risk tolerance and investment timeframe. This information equips Shrimpy Advisory with the necessary insights to recommend diversified cryptocurrency portfolios that align with investors’ unique objectives.

Shrimpy Advisory stands out with its commitment to user accessibility. With no account minimums, it affords users the freedom to invest at their own pace, distributing their funds in line with their broader portfolio strategy.

An inclusive dashboard enables you to take control of your account. This user-friendly platform allows for real-time portfolio monitoring, strategy adjustments, and a comprehensive view of your trading and transaction history. It also serves as an alert center, keeping users up to date with any changes to their accounts or investment strategies.

Shrimpy Advisory simplifies cryptocurrency investment through its innovative autopilot feature. This tool actively oversees your portfolio, adjusting asset allocation every quarter in tune with market changes.

What truly sets Shrimpy Advisory apart is its approach to investment diversification. It offers specially curated asset bundles that diversify user exposure across various sectors of the crypto market. Depending on your unique risk assessment, the platform recommends an optimal asset mix to match your long-term investment goals.

Pros:

• Provides a simplified and automated approach to cryptocurrency investing suitable for beginners
• Offers personalized portfolio recommendations based on users’ risk tolerance and investment timeline.
• User-centric approach with no account minimums, allowing users to invest according to their comfort levels.
• Autopilot feature that proactively manages the user’s portfolio in response to market conditions.
• Provides exposure to different crypto sectors through uniquely themed baskets.

Cons:

• The platform provides a limited number of investing strategies compared to other apps.
• The autopilot feature, while convenient, might not be ideal for those who prefer to have more direct control over their investments.

3. Binance

Binance, established in 2017, has quickly risen to become the world’s largest cryptocurrency exchange by trading volume. Known for its advanced features and extensive support for different cryptocurrencies, Binance offers a unique trading experience that caters to both beginners and experienced traders.

Binance offers a user-friendly interface that is packed with features. The platform supports various types of orders, including market, limit, and stop-limit orders, providing flexibility for different trading strategies. One of the standout features of Binance is its support for over 180 countries, making it a truly global exchange.

For beginners, Binance offers a straightforward process to buy and sell cryptocurrencies. The platform also provides a ‘Convert’ feature, which simplifies the trading process with a simple interface, making it an excellent choice for newbies.

Security is a critical aspect of any cryptocurrency exchange, and Binance takes this seriously. The platform employs advanced security measures, including two-factor authentication and a withdrawal whitelist, to protect user assets. Binance also stores a majority of funds in cold storage, adding an extra layer of security.

Binance supports a wide array of cryptocurrencies, including Bitcoin, Ethereum, Binance Coin (BNB), and more than 350 altcoins. This extensive selection allows users to diversify their trading portfolio and explore various cryptocurrencies.

Binance operates on a maker-taker fee structure, which depends on the 30-day trading volume and BNB balance. Newcomers pay 0.1% for both maker and taker fees. The platform also charges a standard withdrawal fee, which varies depending on the cryptocurrency’s network congestion.

Binance offers 24/7 customer support, providing assistance via live chat and email.

Pros

• User-friendly interface that comes with multiple options to buy cryptocurrencies
• Binance has the best liquidity in the entire crypto space
• Supports more than 350 cryptocurrencies
• Offers robust security measures designed to protect your account

Cons

• The platform may be overwhelming for absolute beginners who want only the bare-bones
• Binance has encountered regulatory problems in several jurisdictions

4. OKX

OKX, a world-class cryptocurrency exchange, is a popular choice among both beginners and professional traders. Established in 2014, OKX offers an extensive range of features and assets, making it a go-to platform for trading cryptocurrencies.

OKX provides a user-friendly interface that simplifies the trading process. The platform supports a wide range of assets, including over 100 cryptocurrencies, futures, and token pairs. This extensive selection allows users to diversify their trading portfolio and explore various digital assets.

One of the standout features of OKX is its educational resources. Through OKX Learn, beginners can learn the basics of cryptocurrency trading, providing a straightforward step to understanding the market.

Security is a critical aspect of any cryptocurrency exchange, and OKX takes this seriously. The platform employs advanced security measures to protect user assets, including two-factor authentication and a withdrawal whitelist, to protect user assets.

OKX operates on a maker-taker fee structure, which depends on the trading volume. Newcomers pay 0.08% and 0.1% for maker and taker fees, respectively.

OKX offers 24/7 customer support, providing assistance via live chat, email, and social media.

Pros:

• OKX provides advanced trading options such as futures, spot, and margin trading, as well as decentralized trading through its DEX.
• OKX employs a variety of security measures, including cold storage, two-factor authentication (2FA), and encryption technology.
• Provides many tools and features to assist traders, such as real-time analytics, detailed market insights, and a user-friendly interface.
• OKX typically has high liquidity

Cons:

• The platform may be overwhelming for absolute beginners
• While OKX supports several fiat currencies, it may not support all local currencies, which could limit its accessibility for some users.

5. Exodus

Exodus Wallet, established in 2015, is a multi-cryptocurrency wallet designed to cater to the needs of beginners and experienced users alike. It offers an intuitive interface, robust security measures, and support for a wide range of cryptocurrencies, making it a popular choice among crypto enthusiasts.

Exodus Wallet is known for its user-friendly interface that simplifies the process of managing digital assets. The wallet supports over 100 cryptocurrencies, allowing users to manage a diverse portfolio from a single application.

One of the standout features of Exodus is its built-in exchange, which enables users to swap one cryptocurrency for another directly from their wallet.

Security is a critical aspect of any digital wallet, and Exodus does not disappoint in this regard. The wallet employs advanced security measures to protect user assets, including encrypting private keys and transaction data on the device. Moreover, Exodus provides a 12-word recovery phrase that allows users to recover their assets if their device is lost or stolen.

Exodus supports more than 260 cryptocurrencies across multiple blockchain networks.

Exodus does not charge any extra fees for sending or receiving cryptocurrencies apart from blockchain network fees. However, it does apply a small spread to the exchange rate when users swap one cryptocurrency for another using the built-in exchange.

Exodus offers 24/7 customer support, providing assistance via email and social media platforms.

Pros:

• Has a very intuitive and appealing interface, making it easy for beginners to use.
• Includes a built-in exchange feature that allows users to trade between different cryptocurrencies directly within the wallet.
• Exodus is known for its responsive and helpful customer support.
• The wallet is available on multiple platforms, including Windows, Mac, Linux, and mobile devices.

Cons:

• Exodus does not offer two-factor authentication (2FA)
• The wallet is not open source, which means its code has not been publicly audited.
• The fees for using the in-built exchange can be higher compared to other dedicated cryptocurrency exchanges.
• Exodus does not allow users to set custom transaction fees, which can be a downside for more advanced users.

6. Bybit

Bybit is a cryptocurrency derivatives exchange that has been gaining traction in the crypto community since its establishment in 2018. Known for its high-speed performance and advanced trading features, Bybit offers a unique trading experience that caters to both beginners and experienced traders.

Bybit stands out with its user-friendly interface and high-speed performance, claiming to be one of the most responsive crypto exchanges. This ensures a smooth trading experience even during periods of high market volatility.

The platform supports various types of orders, including limit, market, and conditional orders, providing flexibility for different trading strategies.

One of the unique features of Bybit is its risk-free testnet environment. This allows beginners to practice trading cryptocurrencies before diving into real trading, helping them understand the platform and develop their trading skills without risking real money.

Security is a top priority for Bybit. The platform employs multiple security measures, including two-factor authentication for withdrawals and changes to account security settings. Additionally, Bybit stores client funds offline in cold storage.

Bybit supports over 300 cryptocurrencies on its spot markets. The exchange also has a diverse selection of cryptocurrencies for its futures and margin trading markets.

Bybit operates on a maker-taker fee structure for trading. Newcomers pay 0.1% for both maker and taker fees.

Bybit offers 24/7 customer support, providing assistance via live chat and email.

Pros:

• Typically offers high liquidity, leading to lower slippage and efficient order execution.
• Provides advanced trading features such as leverage trading and futures contracts.
• Bybit has a strong emphasis on security, including measures like cold storage, two-factor authentication, and withdrawal whitelists.
• Bybit offers a clean, intuitive interface that caters to both beginners and advanced traders.
• Bybit provides round-the-clock customer service, including live chat support.

Cons:

• The platform’s focus on derivative and leverage trading can be complex and risky, particularly for novice traders.
• The high leverage options can lead to significant profits but also substantial losses, making it a high-risk platform.

7. Gemini

Gemini, founded in 2014, is a leading cryptocurrency exchange known for its advanced features and extensive support for different cryptocurrencies. With its commitment to compliance and security, Gemini offers a unique trading experience that caters to both beginners and experienced traders.

Gemini provides a user-friendly interface that simplifies the trading process. The platform supports a wide range of assets, including over 100 cryptocurrencies, futures, and token pairs. This extensive selection allows users to diversify their trading portfolio and explore various digital assets.

Security is a critical aspect of any cryptocurrency exchange, and Gemini takes this seriously. The platform employs advanced security measures to protect user assets, including two-factor authentication and a withdrawal whitelist.

Gemini supports over 100 cryptocurrencies. Although the selection is not as diverse as on other exchanges and apps, it’s worth noting that Gemini provides a high level of liquidity for most of its pairs.

Gemini operates on a maker-taker fee structure, which depends on the trading volume. Newcomers pay 0.2% and 0.4% for maker and taker fees, respectively.

Gemini offers 24/7 customer support, providing assistance via live chat and email.

Pros:

• Gemini is a fully regulated exchange in the U.S., adhering to strong regulatory standards which can provide additional trust and security for its users.
• The exchange places a strong emphasis on security, employing measures such as cold storage and multi-factor authentication.
• Supports multiple fiat currencies and offers several options for deposit and withdrawal.
• Gemini was one of the first exchanges to have insurance coverage for digital assets.

Cons:

• While Gemini is available in the U.S. and several other countries, its availability is not as widespread as some other exchanges.
• Compared to some other exchanges, Gemini supports a smaller selection of cryptocurrencies.
• Some users might find Gemini’s fees higher compared to other cryptocurrency exchanges.
• Gemini might not offer as many advanced trading features as exchanges geared toward experienced traders.

8. Crypto.com

Crypto.com, established in 2016, is a comprehensive cryptocurrency platform that offers a wide range of services, making it a popular choice among both beginners and experienced traders. With its commitment to making cryptocurrency a part of everyday life, Crypto.com provides a unique experience for its users.

Crypto.com offers a user-friendly interface that simplifies the process of buying, selling, and trading cryptocurrencies. The platform supports over 250 cryptocurrencies and 20 fiat currencies, allowing users to diversify their portfolio from a single application.

One of the standout features of Crypto.com is its Crypto Earn program, which allows users to earn interest on their cryptocurrency holdings. This feature, combined with the platform’s low fees and extensive educational resources, makes Crypto.com an excellent choice for beginners.

Security is a top priority for Crypto.com. The platform employs advanced security measures, including two-factor authentication and cold storage for user assets.

Crypto.com operates on a tiered fee structure, which varies depending on the user’s 30-day trading volume and CRO stake. The platform also charges standard withdrawal fees, which depend on the cryptocurrency.

Crypto.com offers 24/7 customer support, providing assistance via live chat and email.

Pros:

• Crypto.com offers a comprehensive suite of cryptocurrency services, including trading, a wallet, a Visa card, staking, and more.
• The platform is known for its intuitive and user-friendly interface, suitable for both beginners and experienced traders.
• Crypto.com offers interest-earning accounts and staking options, allowing users to earn returns on their cryptocurrency holdings.
• Supports multiple fiat currencies and offers several options for deposit and withdrawal.

Cons:

• Some users have reported issues with the speed and effectiveness of customer support.
• While some transactions are free, certain activities like card top-ups and withdrawals can come with fees, which some users might find high.
• Some services, like the Crypto.com Visa Card, are not available in all countries.
• Some users have reported that withdrawal limits can be restrictive

6 Tips for Using Crypto Apps Safely

Crypto apps provide a convenient way to trade, store, and manage cryptocurrencies. However, our industry attracts malicious actors who aim to steal your valuable assets, leaving you vulnerable to various exploits and phishing attempts.

In the following section, you’ll learn 6 handy tips on how to use crypto apps safely.

1. Use Strong Passwords

Always use a strong, unique password for your crypto apps. Avoid using easily guessable passwords or passwords that contain personal data (e.g. your name or birth date). Instead, use a combination of letters, numbers, and symbols to create a strong password.

For the best results, I recommend creating a random string of letters, numbers, and symbols which you’ll write down on paper and use for your app. Make sure to create a new password for each app you’re using!

2. Enable Two-Factor Authentication

Two-factor authentication (2FA) adds an extra layer of security to your account. Even if someone manages to get your password, they won’t be able to access your account without the second factor, which is usually a code sent to your phone or an authentication app.

Make sure that you set up a 2FA system on a reliable device. You can lose access to all your accounts if you lose your device or if it stops working.

3. Be Wary of Phishing Attempts

Be cautious of emails or messages that ask for your login details or personal information. Always check the sender’s email address and never click on suspicious links. Don’t even trust customer support representatives randomly contacting you, as legitimate crypto apps will never ask for your password or other sensitive data through social media.

4. Keep Your App Updated

Developers regularly update apps to fix security vulnerabilities. Always keep your crypto app updated to the latest version to ensure you have the most recent security enhancements. This is especially important if you’re using a cryptocurrency software wallet on your phone or computer.

5. Only Use Trusted Networks

Avoid using public Wi-Fi networks when accessing your crypto app. Public networks are often unsecured and can be a hotbed for hackers. Use a secure, private network whenever possible.

6. Monitor Your Accounts

Regularly check your accounts for any suspicious activity. If you notice anything unusual, such as transactions you didn’t make, contact the app’s customer support immediately. You should also check if the app allows you to receive a notification whenever a transaction is made on your account so that you can act fast.

By following these tips, you can enhance your security and protect your digital assets while using crypto apps.

Conclusion

Navigating the complex crypto market can be difficult, especially for beginners. But with the right tools and resources, you can make your journey significantly easier and more manageable. Crypto apps for beginners serve as these essential tools, providing an easy-to-understand platform for trading, investing, and managing cryptocurrencies.

Today’s article explained the importance of using crypto apps and highlighted some of the most popular apps in 2023. While choosing an app, remember that the best option is the one that meets your individual needs, preferences, and level of comfort.

Whether you’re looking for an app with a user-friendly interface, a wide range of features, device compatibility, an aesthetically pleasing design, or reasonable fees, there’s a crypto app out there that fits the bill.

As you get started, remember to start slowly, learn continuously, and make informed decisions. The crypto market is vast and constantly evolving, forcing you to constantly learn. But the bright side is that it also offers numerous opportunities for those willing to learn and adapt.

The journey of a thousand miles begins with a single step. So, download a crypto app today and take that first step toward your crypto journey. Happy investing!

Shrimpy is providing an endorsement of Shrimpy Advisory. Shrimpy and Shrimpy Advisory are affiliated companies. A conflict of interest exists because Shrimpy Advisory will be compensated if a client utilizes Shrimpy Advisory’s services.

Investments in cryptocurrencies are: Not FDIC or SIPC Insured • Not Bank Guaranteed • May Lose Value. Cryptocurrencies are only suitable for investors who are willing to bear the risk of loss and experience sharp drawdowns.

About us

Shrimpy is an automated portfolio management platform that helps cryptocurrency investors manage their capital through the use of a simple and intuitive app that saves time and money with the power of automation.

To find out more about our platform and discover how it can jumpstart your crypto journey, feel free to visit our main website.

We also provide free blockchain education to the masses at the Shrimpy Academy and Youtube.