5 Best crypto investment apps for beginners 2022

5 Best crypto investment apps for beginners 2022

this guide will list some of the best crypto apps in 2022, inspecting each for their benefits and features.

1、eToro - Overall Best Crypto App

2、Binance - Best Altcoin App for Trading

3、Coinbase - Best Crypto App for Beginners

4、Nexo - Best Cryptocurrency App for Extra Features

5、bitflyer - Best Crypto App for Low Fees


1. eToro - Overall Best Crypto App

eToro ranks as the best cryptocurrency app thanks to the range and quality of services it provides. It’s a great place to start a crypto portfolio as you can find out about trending coins and the biggest daily movers in the “Discover” tab—and add any that interest you to your watchlist.

The clear layout and intuitive user experience make eToro a great place for beginners, while the rich feature set and technical analysis tools mean advanced users can benefit as well. The platform makes it easy to trade more than 60 of the top cryptocurrencies.

What really makes eToro unique among crypto apps, however, is the innovative CopyTrader feature. This is a great tool for newbies and those who want to improve their capital efficiency as it lets you automatically replicate the trades of the most successful traders around the world.

You can browse the top traders and view stats on them such as risk tolerance and percentage return to decide who to copy. What’s more, eToro is a social investing community, meaning users can connect with other traders to learn, share experiences, and access collective wisdom.

There’s no need to confine yourself to crypto trading either—eToro provides access to thousands of traditional financial instruments, such as stocks, commodities, forex, and ETFs. You can even use Smart Portfolios to benefit from thematic investment strategies with diversified exposure.

It’s easy to open a free account with eToro and there are no management fees or commission on stocks. When you trade crypto, you will just pay a transparent 1% fee on each purchase and sale and the minimum deposit is $10 (£8).

eToro Pros:

Trade over 60 of the most popular digital currencies

0% commission

$10 minimum deposit (UK and USA)

Multi-asset platform

Social investing features

Regulated, with strong security

Available in over 100 countries

Easy to use

Educational resources

Wide range of deposit options

eToro Cons:

Unavailable in a number of countries

Not as many cryptocurrencies as some crypto exchanges


2. Binance - Best Altcoin App for Trading

With over 600 cryptocurrencies listed, Binance is the best app for trading altcoins. The sheer number and variety of coins mean that Binance stands out from its competitors when it comes to finding new and obscure cryptocurrencies.

There is a convert feature that makes it easy for the uninitiated to buy, sell, and swap any cryptocurrency. Meanwhile, more experienced traders can take advantage of customisable charts and a wide range of technical indicators.

There is also the potential to increase profits with margin trading, as well as a range of other trading instruments, such as fan tokens, futures, and options. The new Binance NFT marketplace even provides somewhere to buy and trade NFTs.

There are plenty of opportunities to turn your crypto into more crypto in the Earn section of the app. These include staking, savings accounts, liquidity farming, and the Launchpad, where you can earn newly-launched coins.

Setting up a free account is simple and there are a variety of payment options for making a deposit. The minimum deposit is $50 (about £40) and there are no fees for deposits or some fiat withdrawals. There are fees for crypto withdrawals, which are different for each cryptocurrency, but Binance trading fees are some of the lowest at 0.1% or less.

Binance Pros:

600+ coins

Educational resources in Binance Academy

Debit card available

NFT marketplace

Staking services and savings accounts

Token launch platform

Advanced trading tools

Low transaction fees

24/7 chat support

Binance Cons:

May be a bit technical for absolute beginners

Faces regulatory hurdles in some jurisdictions


3. Coinbase - Best Crypto App for Beginners

Coinbase is one of the simplest crypto apps to use, making it the ideal place to start your crypto journey if you’re a beginner. The layout is very clear and intuitive to navigate, so you can easily buy or sell more than 150 coins with a couple of clicks. More experienced traders are also catered for as the Coinbase Pro platform provides advanced tools and indicators.

You can easily view and manage your portfolio in your dashboard. What’s more, you can set up regular automatic purchases with the recurring buys feature, providing a simple way for users to implement a dollar-cost averaging strategy.

If you want to develop a better understanding of the world of crypto, Coinbase provides tips, tutorials, and a range of educational articles. You can even earn free crypto in the process with Coinbase’s regular learn and earn campaigns.

Other features Coinbase provides include a self-custody wallet, an NFT marketplace, crypto-collateralised loans, and the Coinbase Card for spending crypto while earning rewards.

Coinbase employs industry-best practices and secure offline storage to keep assets safe. It also protects users’ funds with crypto insurance and FDIC insurance.

Coinbase recommends an initial deposit of at least $50 or £50 to verify your bank account, but you can buy or sell as little as $2 or £2 of any cryptocurrency. 

Coinbase Pros:

100+ countries supported

Low trading fees

Beginner-friendly

Staking services and other features are available

Earn free crypto through learning campaigns

Secure offline storage

High-quality educational resources

Coinbase Cons:

Not as many digital currencies as some competitors

Fees can be high using card payments


4. Nexo - Best Cryptocurrency App for Extra Features

If you want to do more than just buy and sell crypto, Nexo stands out among crypto apps for the extra features it offers. It’s the app to use if you want to unlock the power of your crypto and build wealth.

Similar to other crypto apps, Nexo allows users to instantly buy 41 cryptocurrencies with a credit or debit card and exchange between more than 300 market pairs. Unlike other apps, however, Nexo lets you earn up to 0.5% instant cashback on swaps.

The most popular feature that makes Nexo stand out from the competition is the interest-bearing savings accounts. Users can earn up to 18% APR on over 30 digital assets with daily payouts, zero fees, and the ability to earn in kind or in the proprietary NEXO coin.

It’s also possible to take out loans against your crypto with rates starting at 0% APR and instant approval, while the Nexo Booster lets you leverage your crypto holdings up to 3x while avoiding price slippage.

There is a minimum deposit of $10 (£8) to get started with Nexo and you can make up to five free crypto withdrawals a month, depending on your loyalty tier. There are no fees for making swaps, but Nexo charges a small spread which is displayed before users finalise the swap.

Nexo Pros:

Trade, borrow and earn interest on 38 coins

Available in 200+ jurisdictions

Earn up to 18% annual interest is available

Borrow cash or stablecoins

2% cash back on purchases with the Nexo Card

Military-grade security

Up to 3x leverage with Nexo Booster

Nexo Cons:

Fewer cryptocurrencies than many competitors

Lack of advanced trading tools


5. bitFlyer - Best Crypto App for Low Fees

If you’re trading on a budget, then bitFlyer is the place to go. Unlike most crypto apps, bitFlyer lets you buy and sell more than 10 of the most popular cryptocurrencies with zero trading fees.

The interface is easy for beginners to use, while more experienced traders who want access to advanced features and trading tools can make use of bitFlyer’s Lightning Exchange, with trading fees of up to 0.2%.

The app is secured with the latest encryption technology, and is well regulated, having received licenses to operate across Europe, the US, and Japan. It is also fully audited by Ernst & Young.

It’s easy to get started with bitFlyer as the quick ID verification process means that you can sign up with your email address, verify your account, and immediately start investing—all in under five minutes.

You can use bitFlyer to buy and sell small amounts of crypto while you build your confidence as you can start with as little as €1. You can deposit euros to bitFlyer via SEPA for free, while SEPA withdrawals have a flat fee of €0.30 for withdrawals under €250,000. Withdrawal fees for cryptocurrencies start from zero and can be viewed here.

bitFlyer Pros:

No fees for buying and selling crypto

Easy to use

Secure and regulated

€1 minimum trade amount

ID verification in under 5 minutes

Advanced trading with bitFlyer Lightning

bitFlyer Cons:

Only 7 cryptocurrencies are available

Trading pairs for fiat currencies EUR and JPY only