Many beginners are getting lost on how to buy cryptocurrencies and which app or wallet to use. So we will list the best cryptocurrency apps for beginners here today. The cryptocurrency industry is growing every day; new investors are flooding the market, but at the same time, they are confused. They don’t know which app to use or which coin to buy. So let me guide you on the right apps to use if you are just getting started.
There are centralized and decentralized wallets, but it will be better to start with centralized wallets as a beginner. The best crypto app for beginners that you can use to buy and store cryptocurrencies. Industry experts use a decentralized wallet, but they are complicated for starters. However, if you take your time and learn using the available resources on the internet, you will understand how centralized and decentralized wallets work.
You will also understand why people store their crypto assets in a private ledger as time goes by. This is because some centralized exchanges can behave in a corny way sometimes. For example, they can decide to freeze your account and all the assets if you violate any terms or conditions. So let’s not dabble too much. Here are the best apps to trade cryptocurrencies if you are a beginner.
Top 7 Best Cryptocurrency Apps for Beginners in USA, UK & Nigeria
The BlockFi interest account (BIA) has two major advantages. And as for beginners in cryptocurrency, you will need this app – definitely one of the best crypto apps for beginners. To begin, you can earn interest on your Bitcoin and Etherium holdings by using your current cryptocurrency portfolio. For dedicated crypto holdings, the annual percentage yield can reach 5% on ETH and 4.5 percent on BTC.
Stable coins like USDC, GUSD, and PAX earn annual interest rates of up to 9.25% when held in an investment portfolio. Stable coins have the advantage of being linked to major currencies like the US dollar. As a result, stable coins have lower volatility, making an APY of 9.25% all the more impressive.
Coinbase is one of the best crypto exchanges and their app is one of the best crypto apps for beginners to buy/trade cryptocurrency. and it is perfect for beginners to buy and hold their crypto assets. Hundreds of cryptocurrencies are available for purchase, including Bitcoin, Ethereum, and Dogecoin. The app is available in over 100 countries, with millions of dollars used in daily transactions. Users also have access to staking features, e-commerce options, and more.
The app has an excellent user interface, and users can easily buy crypto on Coinbase using their credit card if they are allowed to by their country. Trading fees are not low, which might be a problem for a lot of beginners. However, the platform is very secure, and you can rest assured that your assets are well-protected. They also filter news from some of the top best crypto blogs daily; you can also learn and earn free crypto using the app. You can download the app on both Android and IOS.
Binance is one of my favorites, and it is one of the best apps to buy crypto for beginners in the United Kingdom or in the United States or in Nigeria. The app might look complicated, but there is Binance light, where you can see the basics without any complications. Buying is accessible on the app, and the transaction fee is low, especially if you buy and hold BNB. There are a lot of features that you can use to learn about crypto in the app. Binance academy has a lot of videos and articles that will guide you on how to make the best decisions on investing in crypto.
There are hundreds of cryptocurrencies listed on Binance, and you can also buy and hold NFTs using the Binance app. The app is available in many countries, but there is the Binance US that shares the same features, but it is made for US traders. You can also stake your crypto and earn passive income on Binance. Binance is currently the world’s largest crypto exchange, with millions traded every day on the app.
4. Crypto.Com – best crypto App for beginners
Crypto.com is another top-rated app with millions of users every month. It is one of the best apps to buy crypto for beginners because the process is easy and quick. Beginners can buy any crypto-asset listed on the platform in less than five minutes using their credit card. The app is available in over 80 countries, with 70 crypto assets listed for trading. It is one of the most secure trading platforms available, and users must verify their identity on the platform before carrying out a certain level of transactions.
The app is easy to use, but trading fees are relatively high. However, if you hold the platform’s native token, Cronos, you will get low trading prices. They also have their debit card if you want to spend from your crypto savings. You are also entitled to cashback rewards if you use your credit card to buy things.
Kucoin Shares similarities with Binance, and there are a lot of cryptocurrencies listed on the app. It is an excellent app for beginners to buy crypto because they have one of the lowest trading fees in the market. The app is highly secure, and there are a lot of altcoins listed on the app. Millions worth of crypto assets are traded on the app daily, and they have millions of visitors every month.
The app is easy to understand, and you can buy any crypto instantly using your debit card. So if you want to purchase different types of assets, then Kucoin is your best bet to find any cryptocurrency you want to buy.
Famous crypto trader Sam Bankman Fried owns FTX. The daily transaction rate is over five hundred million dollars, with hundreds of tokens listed available for trading, including Bitcoin and Ethereum. The platform is beginner-friendly, and there are a lot of features available to make more money on the exchange. Trading fees are low, and that favors a lot of beginners who don’t have too much money to invest.
FTX is also in compliance with regulators amidst the global crackdown on crypto. As a beginner, there are various features at your disposal to get the best out of the app.
7. NordVPN – Inclusion for Best Apps For beginners in crypto
But a VPN? what does it has to do with buying or selling crypto? or why do beginners in crypto would need one? NordVPN is widely regarded as one of the most dependable and best VPNs for cryptocurrency trading. In addition, it provides military-grade AES 256-bit encryption, an integrated automatic kill-switch for IP leak protection, and more.
Conclusion – best crypto apps for beginners to buy crypto for
The apps listed above are the best for any beginner that wants to start investing in cryptocurrencies. You can instantly purchase crypto with any of the apps listed above if your country doesn’t have any law in place that prohibits buying crypto. If you come from those countries, you shouldn’t panic; you can buy using their Peer to Peer marketplace.
The process is easy, and it takes less than 30 minutes to buy USDT or any stable coin and convert it to the cryptocurrency of your choice. Hopefully, the article will help you decide which apps to use as a beginner. It is advisable to start with two apps because you can’t find all the cryptocurrencies in one app.