Thanks to the rise of cryptocurrency, there are hundreds of crypto apps available for Android and iOS. Some are wallets, others are exchanges. Still, others follow prices or share cryptocurrency news. The average person, even if they are very interested in cryptocurrency, will only download a few of these. So, what are the best crypto apps in 2021? We’ve compiled a list of the top five apps based on their reputation, security, features, and popularity.
Binance is proud to be the best crypto platform based on the volume traded. It is worth noting that there is one version of Binance for the residents of the United States, and another version for all other countries. The mobile application offers almost the same functions as the Binance website version that you can access on your computer.
Binance primarily serves as an exchange. One of the outstanding features that makes it so popular is the ability to purchase various cryptocurrencies with a credit or debit card. Users can buy Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and other cryptos with this payment method. From there, Binance offers access to more than 200 cryptocurrencies that can be traded with it.
A more recent addition to the Binance services includes the ability to earn interest on crypto holdings. Binance Savings & Staking is integrated into the application and has interest rates above 5%.
Security is generally not an issue for Binance as the platform has a Secure Asset Fund for users. Traders of all experience levels will appreciate Binance as it has both a Lite and Pro version. The Binance app also includes a crypto wallet that is intuitive to use.
BlockFi is slightly different from the other crypto apps on this list. Users can earn interest on cryptocurrencies or borrow cash with cryptos. It also enables crypto trading, just like many of the other top crypto apps.
The standout feature of BlockFi is its interest-bearing accounts with industry-leading interest rates. The interest can be up to 8.6% APY and is compounded monthly. There is also no minimum balance required to earn this interest, making BlockFi accessible to everyone. In addition, BlockFi allows users to withdraw their interest-bearing cryptocurrencies at any time. The only downside is that these BlockFi interest accounts are limited to Bitcoin, Ether, Litecoin, Tether, USD Coin, Gemini Dollar, Paxos Standard, and Paxos Gold.
Another unique feature is the ability to borrow USD, using cryptocurrency as collateral. These are loans that are granted on the same day, without penalties in the event of early repayment. They also have interest-free monthly payments in the first year.
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For added convenience, BlockFi supports bank transfers. The dashboard is intuitive and the application offers the user a choice of biometric login methods. Gemini is the primary custodian for BlockFi. Since the Gemini app is also on this list, this is a safe option.
Blockfolio is another type of crypto app, which tracks the prices of cryptocurrencies. It allows users to track their crypto portfolios as well. The application provides data on more than 8,000 cryptocurrencies. There is also the option to create a personalized crypto news feed and set price alerts. This crypto app has millions of users.
The capabilities of portfolio tracking are one of the key features of Blockfolio. This application allows users to track more than 8,000 coins, tokens, and altcoins, as well as more than 100 fiat currencies. This means that users can track all their assets in one location. The portfolio tracking even includes a personal portfolio chart to track users’ investments over time. The Transactions tab also offers the possibility to account for rewards, such as those from mining and airdrops, without entering a record.
Another important feature is the current exchange rates with market analysis. Blockfolio collects data from over 300 crypto exchanges. Users can view candlestick charts and order books or set up price alerts in real-time.
For security reasons, Blockfolio offers the option to hide user balances and allows users to add a PIN for added security. There’s also 24/7 support, which is common with the apps on this list.
Coinbase is one of the most popular crypto exchanges and wallets, as well as one of the best crypto apps in 2021. Coinbase has more than 35 million users in 32 countries. It allows users to securely buy, sell or store cryptocurrency. As with most of the other applications on this list, the Coinbase app is very complete with the main components of the web platform.
Coinbase allows users to buy cryptocurrency with a debit card or bank account and offers various options to please all users. It supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Basic Attention Token, Litecoin, 0x, and USD Coin. This is less than some other crypto apps, but it does include the most popular.
The dashboard on Coinbase is intuitive and shows information such as value at a glance. Price alerts and automatic purchases appeal to traders of different experience levels.
For security reasons, Coinbase stores over 98% of its cryptocurrency offline. The remaining less than 2% is equipped with industry-leading security measures. In addition to two-factor authentication, Coinbase makes it easy to disable the smartphone app remotely from a computer. This is useful for stolen or lost phones.
Gemini is one of the best crypto apps that mainly serves as a digital currency exchange. It also lets you store cryptocurrency, which you can then use in transactions. Other features include the ability to set up recurring purchases and create price alerts.
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One of Gemini’s standout features is its ‘safety first’ mentality which is always part of the platform and ensures peace of mind. The wallet and crypto storage system is crafted by leading security experts. All accounts must have two-factor authentication for added security. An extra sense of trust comes from the fact that Gemini is based and regulated in New York.
With Gemini, users cryptocurrency purchase by linking their bank account and pay with fiat money. There is also a Gemini Pay function, which operates at more than 30,000 retail locations. This feature allows users to pay for transactions with cryptos instead of fiat.
Gemini is not only available on Android and iOS, but is also available for Wear OS, meaning it is compatible with smartwatches.