Best Cryptocurrency Exchange Apps for Crypto Trading

Cryptocurrencies are a 24/7 market traded by thousands of people worldwide on a daily basis. With the ever-changing nature of the market, many people enjoy trading digital currencies like Bitcoin on their mobile or tablet. In this guide, we’ll be taking a look at the best Cryptocurrency exchange apps for crypto trading. All of the exchanges listed below offer mobile apps for mobile crypto trading on IOS & Android (Google Play) devices. After showing you the best cryptocurrency trading apps, I’ll be diving deeper into crypto mobile trading – answering some of the most frequently answered questions/topics.

Top 27 Best Cryptocurrency Trading Apps 2020

Rank
Exchange
Bonus
Rating
Visit
1
eToro
2
StormGain
3
Bybit
4
Coinbase
5
Currency.com
6
Luno
7
Bitfinex
8
Bitpanda
9
Crypto.com
10
BTCMEX
11
Capital.com
12
Changelly
13
Coinbase Pro
14
CoinFalcon
15
Deribit
16
FTX
17
Huobi
18
Kraken
19
KuCoin
20
Binance
21
Phemex
22
Plus500
23
BaseFEX
24
Poloniex
25
PrimeXBT
26
ShapeShift
27
Uphold

So, let’s look into mobile crypto trading in a bit more detail.

Why use a Cryptocurrency Exchange App?

You may be wondering why you should be using an exchange app to trade cryptocurrencies on – and that’s perfectly justified since most people usually trade on a desktop or laptop, but that being said, there are several extremely valid reasons why you should use a crypto trading app. You should consider trading on an exchange app for these reasons:

  • Trade on-the-go: You don’t have to be at home or have a surface to be able to trade, with a mobile crypto trading app, you can trade pretty much anywhere, which lets you capitalise on opportunities in the market
  • Get alerts: Most crypto trading apps let you set alerts which can push notifications directly to your device so that you can know instantly when prices move
  • Monitor trades better: To monitor your trades using a desktop or laptop computer can be difficult, whereas with cryptocurrency exchange apps, you can always keep track of how your trade is going and make amendments if and where necessary

What makes a good Crypto Trading App?

When we performed our tests to find the best crypto exchange apps, there were several factors which we looked out for. In this section of our mobile crypto trading guide, I will be showing you exactly what we think makes a good crypto exchange app.

Security

The security of your crypto trading funds is paramount when looking at which app to trade on. Some of the things we check for in regards to the security of a crypto exchange app is 2FA (Google Auth Support), separate app passwords (e.g Pattern Lock) and how the exchange stores your funds (Cold or Hot Wallets?).

Fees

Trading fees vary exchange to exchange and finding one which offers competitive fees can be tricky. An average trading fee for crypto exchanges is between 0.05%-0.2% per trade depending on the type of exchange. Also, a good crypto exchange app doesn’t charge for deposits and withdrawals – but that is rare, we only know of one which is FTX.

Ease of Use

We all love a good user-experience when it comes to doing anything online. Trading cryptos is no different. An ideal cryptocurrency exchange app has a good, clear UI which is well designed and quick. If the exchange app is slow and looks awful, it can distract from your trading activities.

Functionality

Of course, what you can do on the crypto trading app is also very important. Most apps let you trade, manage account balances (deposit & withdraw) among the other main features of the exchanges’ web platform – but some are quite limited. A good exchange app balances the need of functionality well with speed and design.

Liquidity

The liquidity of an exchange is how easy it is to fill orders at your desired price. It’s a measure of how many people trade crypto on the exchange. You should always look for exchanges with high liquidity – but beware, there are a lot of exchanges which lie about their volumes, this is why you should only use trusted crypto trading apps such as those listed above.

Supported Countries

Naturally, you want to find an exchange app which is available to users in your country and jurisdiction. Due to the decentralised nature of digital currencies, most crypto exchange apps are available worldwide, however, there are some apps which are restricted to specific countries.

Different Types of Crypto Exchange Apps

Not all crypto trading apps are the same. Even though crypto trading seems pretty simple, there are different ways in which you can trade it. Some are for buying and selling cryptocurrencies with credit/debit cards, some are for trading altcoins and others are for trading crypto coins with leverage (margin trading).

Fiat/Crypto Apps

If you want to trade cryptocurrencies for your local currency like Dollars or Euros for example, then you will need to use a regular crypto trading app like Coinbase or Luno.

Altcoin Trading Apps

For trading Altcoins (cryptocurrencies other than Bitcoin), you should download an Altcoin trading app. These apps let you trade/swap coins for each other. Some of the most popular altcoin trading apps are Binance, Crypto.com & Bitfinex.

Crypto Leverage Trading Apps

The final main type of crypto exchange apps is those which offer margin trading (leverage). Apps like these are for trading cryptocurrencies with leverage – which gives you the opportunity to increase profits through borrowing funds. On the other hand, it is also considered a more risky form of crypto trading as you can lose high amounts if you do not take care when trading. Our favourite Crypto/Bitcoin leverage trading apps are BTCMEX, Bybit & StormGain.

Conclusion

To conclude, mobile crypto trading can provide you with opportunities you wouldn’t usually get when trading on a desktop computer or laptop. In fact, some people ONLY trade on apps as most of the time, you can do everything you would normally do on an exchange. Enjoy trading cryptos and remember – stay safe!