Key Points
- Crypto Exchange is a platform where you can perform trade of digital currencies like Bitcoin and Dogecoin.
- The apps with great features allow investors to invest in various cryptocurrencies and other digital products.
- The top 5 cryptocurrency exchanges and apps are Coinbase, Robinhood, SoFi, eToro, and Gemini.
The recent boost in the popularity of cryptocurrencies among Americans has led to more availability of it. Some brokers do not allow investors to invest in stocks, mutual funds, or any other investments along with the trade of cryptocurrencies. But the top cryptocurrency exchanges have made this investment possible with the help of the top best cryptocurrency trading apps.
Being a risky investment, it may not be right for every investor to invest in cryptocurrencies. Investors can expect a boost in their long-term investments in cryptocurrencies involving some risk. Similar to online stock trading platforms, Crypto exchanges provide you with a platform and excellent tools you can use in purchasing and selling digital currencies. You can trade digital currencies like Bitcoin, Dogecoin, and Ethereum.
If you are looking forward to investing in cryptocurrencies and want to get crypto exchanges, you must consider some aspects like fees, payment criteria, security, and assets related. Keeping this in mind below are some of the top best crypto exchanges and apps you may want for November 2022.
The Top Best Cryptocurrency Exchange and Apps:
Here is a list of the top best cryptocurrency exchange and trading platforms. The Crypto that appeared on the site is from the companies that sent compensation to the College Investor. Below is a list of the top 6 Cryptocurrency exchanges and Apps.
- Gemini.
- Robinhood.
- SoFi.
- eToro.
- Coinbase.
- Cash App.
Get to know in detail about the above-mentioned crypto exchange.
1. Gemini
Gemini is the best option to go for, as it is one of the most famous stock trading platforms if you want to invest in crypto. It is the first main crypto exchange and is known popularly due to its assets.
Gemini is the crypto exchange that supports the most important cryptocurrencies. This exchange pays active interest rates on your assets once you are qualified. The best part of the app for this exchange is that you can earn $10 in BTC after investing $100 in crypto, once you have created an account.
Check out some pros and cons of this app.
Pros:
- It is a user-friendly app. Easy to use.
- Recognized as one of the largest exchanges from the perspective of assets
- Supports cryptocurrencies.
Cons:
- It has very limited payments or deposit procedures.
- Mixed customer service.
2. Robinhood.
The main purpose behind the foundation of Robinhood is to assist people with easy entrance into the financial markets. In 2015, it launched the concept of zero-commission stock trading.
This app is best for investors looking for a mobile app to easily invest in the stock market without getting out of their comfort zone. With the help of this app, you can invest or trade stocks, ETFs, fractional shares, and main cryptocurrencies. Take a look at a few pros and cons of the app.
Pros:
- Charges $0 commissions from the users.
- It is a high-quality app.
- This app allows investors to invest in fractional shares.
- Also allows you to invest in cryptocurrency.
Cons:
- It has some restrictions.
- Does not allow you to invest in mutual funds and other fixed-income investments.
- Does not allow IRA Accounts.
3. SoFi
SoFi is an active investing app that offers its customers amazing features like a high-quality app experience, charging $0 commissions on the trade of stock, not important to maintain minimum accounts. But this app is not for investors who want to invest in mutual funds. They have to look for other apps.
The app has a rating of 4.5 stars out of 5 stars. This app is a great option to choose for beginners and long-term investors. This app allows you to trade in cryptocurrencies and fractional shares. Like another app, this also has some pros and cons.
Pros:
- The app charges $0 commission on stocks and ETFs.
- Minimum maintenance of the account.
- Serves high-quality features.
Cons:
- Mutual funds investors are not allowed.
- Does not allow stock options trading.
4. eToro
eToro is a trading app that offers its customers a huge range of cryptocurrencies. It also allows the user to purchase and sell other digital investment products like stocks and ETFs. This app has a unique feature that enables users to copy exchanges of other investors.
The app offers a wide range of digital assets that investors can purchase and sell on this exchange. The app also has a practice platform for your trading account which helps you to know about the features of the app before using actual funds.
Pros:
- Allows investing in stocks, ETFs, and various cryptocurrencies.
- Have a feature that copies other investors’ trades.
- Have a demo account to understand the app.
Cons:
- Limited choice of cryptocurrencies.
- Lower fees.
- Limited availability in the United States.
5. Coinbase
Coinbase is one of the most outstanding cryptocurrency exchanges. The advantage of the app is that the investors can directly trade with USD. Investors can currently trade cryptocurrencies like Bitcoin, Dogecoin, Litecoin, Ethereum, and 30 more like these.
Also, the traders can earn an amount of interest on their USDT, a token reward by attaining different activities in the app. They can earn a $10 BTC bonus while trading $100 after signing up on a Coinbase account.
Pros:
- Easy to use the app.
- Have a good choice of tokens and coins, investors can invest in.
- Have a great security system.
Cons:
- Charges a high amount of fees. But high charges are not applicable if using Coinbase Pro.
- Have new Cryptocurrencies to invest in, but slow process.
6. Cash App
Cash App is one of the most active apps that have tripled to 24 million users over two years. A platform where investors can trade in various stocks. The app has got 4 stars out of 5 stars. The apps have limitations for the users of certain types of stocks and cryptocurrencies. But have some investors who invest in fractional shares.
Pros:
- Does not charge commissions.
- Good for the investors of fractional shares.
- Features of the cash management system.
Cons:
- Investment options are limited.
- Have limitations on account types.
