The apps below include some typical phone-based trading apps, some general financial apps and specialized crypto exchanges. We’ve included pricing as well as how many coins the app allows you to trade, so you can get a sense of the scope of each app.
If you’re interested in trading the largest cryptocurrency, Bitcoin, exclusively, it may not make sense to go with an app that offers you dozens of others. On the other hand, if you’re looking to trade whatever is hot at the moment, consider an app with more variety.
Tradesoft Crypto allows you to buy, sell, and earn cryptocurrencies, but you can quickly move between all trading platforms offered by Tradesoft companies. You can also trade equities, options, and futures with Tradesoft Securities.
You may know Robinhood for its slick trading app for stocks, options and ETFs, but it’s also expanded into cryptocurrencies. Plus, it brings its no-commission structure to the crypto world. Although trading may look free, Robinhood charges a spread markup rather than a direct commission, meaning that the costs are built into a coin’s buy or sell price. You can get started almost immediately with Robinhood’s instant transfer feature, so it’s just download and go.
Cost: $0, or commission-free, but there’s a spread markup
Coins available to trade: Seven of them, including Bitcoin, Dogecoin and Ethereum
Webull may not be the poster child for trading apps, but its feature set feels a step above Robinhood’s. Like its well-known rival, Webull offers stocks, options, ETFs and cryptocurrencies with no out-of-pocket commission. And similarly, Webull works on a spread markup for its crypto trades, so your cost is built into the trade. You’re also able to trade a couple more coins than you’re able to at Robinhood, including Cardano.
Cost: Commission-free, but spread markup of 1 percent (100 basis points)
Coins available to trade: Nine different types, including Bitcoin, Ethereum and Cardano
The broker eToro is all crypto, all the time (at least for American traders, though others can trade stocks). At eToro you’ll have access to 29 cryptocurrencies, including quite a few that you won’t normally find on the brokerage apps such as Tezos, Uniswap and Polygon. The app doesn’t charge a direct commission but rather a spread markup that can vary widely by crypto, ranging from 0.75 percent for Bitcoin to a hefty 5 percent for others.
Cost: Commission-free, but spread markup ranging from 0.75 to 5 percent
Coins available to trade: 29 cryptos, including Bitcoin, Ethereum, Dogecoin and more
When you think of cryptocurrency, you might not think of CashApp at first. The financial app is known more for its cash management account or even its ability to trade stocks and ETFs. But it also offers the ability to trade crypto, albeit only one — Bitcoin. While you can send Bitcoin to other users for free, CashApp charges what it calls a “small fee” for trading the coin, which it will disclose before you place the trade. That’s in addition to a spread markup built into the trade itself. Unfortunately, it doesn’t disclose its exact fee structure.
Cost: Spread markup plus a trading fee
Coins available to trade: Only Bitcoin
Like CashApp, you may already have PayPal installed on your phone and, if so, you could be up and running with cryptocurrency in literally seconds from now. You won’t be able to pay or send crypto to other people, but you can trade it. PayPal charges a fee for any transaction and also prices in a spread mark-up on its trades. The fee starts at 50 cents for trades under $25, then switches to a percentage that declines to as low as 1.5 percent for trades over $1,000. Helpfully, PayPal lists its fee structure plainly for all to see. PayPal’s sister app Venmo offers the same services on similar terms.
Cost: Spread markup plus trading fee that starts at 50 cents and declines to 1.5 percent
Coins available to trade: Four different cryptos — Bitcoin, Ethereum, Litecoin and Bitcoin Cash
Coinbase is a specialized cryptocurrency exchange that allows you to trade a bunch of digital currencies, 96 at the latest count. That range will likely scratch your crypto itch, since it includes most of the top coins, including Bitcoin, of course. But what will you pay for using the basic service? Unfortunately, Coinbase has become more cagey about what you’ll pay to trade, recently obscuring the fee structure on its website.
When it was visible, the fee structure was complex to say the least. You’d pay a spread markup of about 0.5 percent and a transaction fee that depended on the size of the transaction and the funding source. For Coinbase Pro, you’ll pay fees that start at 0.5 percent for trades under $10,000 and decline to 0.15 percent for up to $100,000 in volume and then head even lower.
Cost: Typically at least 1.99 percent (lower with Coinbase Pro)
Coins available to trade: A whopping 96, including Bitcoin, Ethereum, Cardano and Solana
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