Top 10 Mobile Applications for Crypto Trading and Exchange in 2022 by DailyCoin

As interest in crypto trading continues to increase, traders tend to look not only for the most reliable trading application to use, but also one that is user friendly with excellent benefits.

In addition to equipping yourself with the right knowledge of crypto trading, it is also important to use a trading / exchange application that offers most if not all of the following qualities: ease of use, convenience, reasonable fees, a superb user interface, and time-relevant trading instruments, among others. .

Private surveys over the years have also shown that experienced traders prefer trading on desktops, but the majority think mobile trading is much more convenient. Therefore, we have carefully curated the list of the 10 best mobile applications that should be considered for crypto trading and exchange in 2022. Here it is!

10. Robinhood (NASDAQ 🙂

Robinhood was called the “commission-free stock trading and investment app”, and was originally launched as a traditional stock trading application; However, it has since developed into a full-fledged investment application. Now, in addition to offering support to traditional investors, crypto traders can also access a dedicated marketplace for crypto trading.

Robinhood is perfect for traders who like to trade in traditional stock markets and crypto markets at the same time. Robinhood offers many benefits to crypto traders in particular, some of which include zero trading or commission fees, asset manager and crime insurance against cyber security breaches, among others.

If you are looking for an application that houses both the traditional stock market and the crypto market under one roof with a user interface / UX that is easy to navigate, Robinhood is a perfect option for you.

9. Kraken

If you are familiar with the crypto area, you have probably come across Kraken in one way or another, either by reading their teaching materials or by shopping on their platform. Kraken is a cryptocurrency exchange with access to various crypto trading instruments, including staking, liquidity pooling, indices, futures, OTC and margin trading.

While it requires zero deposit fees for some cryptocurrencies, the trading fee on the other hand varies between 0% to 0.26% of the total cost of a transaction order. In comparison, this fee is more expensive than such as Robinhood and a few other exchanges with zero trading and commission fees.

8. BlockFi

With over 1 million customers and 350 global institutions on board, BlockFi is without a doubt one of the largest crypto trading platforms in the emerging crypto industry.

The platform, backed by some of the biggest names such as Coinbase (NASDAQ 🙂 Ventures, Galaxy Digital and Winklevoss Capital, boasts first-class customer service and support along with top-level protection measures to ensure users’ assets are safeguarded.

Some of the features include a dedicated cryptocurrency exchange where users can buy, sell and earn on the platform’s comprehensive earnings initiatives, such as the BlockFi partner program, the referral program and the latest addition, the BlockFi Crypto Card. In particular, users of cryptocurrencies can receive an unlimited 1.5% in the form of cryptocurrency as cashback on all transactions made with the card.

In addition, BlockFi offers a loan service where users can borrow at relatively discounted prices that are as low as 4.5% APR. Interestingly, unlike most lending protocols with collateral, users easily borrow money against cryptocurrencies that they can continue to hold until the end of the repayment schedule.

Finally, the platform can be easily used by users at all levels of expertise, thanks to the platform’s 24/7 customer service support, which makes onboarding processes much easier.

7. Bitfinex

Powered by iFinex incorporation, Bitfinex is called the “home of digital asset trading” and focuses primarily on two categories of users: traders and lenders. Similarly, Bitfinex features are tailored to serve these categories of users based on preferences.

For example, lenders consist mainly of liquidity providers, and borrowers can participate in investment activities or borrowing, respectively. Traders, on the other hand, can access more advanced features such as the stock market, margin trading, margin financing, which is similar to liquidity financing but for traders, and so much more.

In its efforts to provide users with the ultimate cryptocurrency trading experience, Bitfinex offers state-of-the-art trading instruments, including those mentioned earlier, along with an innovative technology that makes cryptocurrency trading hassle-free. In particular, Bitfinex facilitates a graphical trading experience with advanced charting functionality that allows traders to visualize orders, positions and price alerts.

In addition, Bitfinex offers API solutions for business units and developers who want to integrate their own products on the platform. Finally, Bitfinex’s original token – UNUS SED LEO – is designed to strengthen the Bitfinex community, which can leverage the digital currency to maximize the trading platform’s production and capabilities.

6. Bit stamp

Based in Luxembourg, Bitstamp is one of the longest-running cryptocurrencies, having started back in 2011, barely two years after Bitcoin was launched. Thereafter, Bitstamp functioned mainly as an exchange between fiat currencies and Bitcoin; However, it has since switched to a full-fledged cryptocurrency exchange where traders can access and exchange up to 54 cryptocurrencies.

Although it has been around for more than a decade, Bitstamp is not as popular as the three largest stock exchanges today, which can be attributed to many factors, including limited tradable assets. In any case, the platform boasts proven reliability over the years, which still makes it quite time-relevant.

Bitstamp is not only known for its ability to withstand the test of time, but also for its mobile-friendly appeal, which is one of the most important selling points, in addition to having institutional security, which involves protecting assets online and encrypting personal information.

Another highlight of Bitstamp is that it provides professional services for both “institutions” that can enjoy access to the crypto market at the enterprise level and “pro-traders” who can also enjoy time-tested stability, inexhaustible liquidity and industry-leading API connectivity.

Bitstamp also provides exclusive earnings benefits to people who own and invest in cryptocurrencies on the platform. In particular, stakeholders can increase their portfolio and receive up to 4.25% APR in stake rewards, depending on the asset they choose to invest in.

5. e-Toro

If you have not heard of social trade before now, here is an opportunity to learn about it. eToro offers a platform where people can invest in assets and connect with people from all over the world. Imagine eToro as an Instagram, but for trading; here you can share trading strategies with other traders, copy other trading activities (ie those belonging to top investors) and much more.

Interestingly, unlike most crypto trading exchanges on this list, eToro allows users to engage in several asset classes, including cryptocurrencies, stocks, commodities, CFDs and fiat currencies, among other markets.

Other important highlights of eToro include the ability for traders to participate in liquidity reserves, enjoy 0% commission on equities with investment insurance and participate in various investor programs.

4. Binance

Since its launch in 2017, Binance has rapidly moved to the top spot among cryptocurrency exchanges, with the largest daily trading volume of over $ 76 billion in digital assets. Similarly, the platform has the highest number of registered users, linked to over 90 million, while providing access to over 600 tradable cryptocurrencies.

In addition to the positive numbers, Binance is a top choice for mobile traders, thanks to the intuitive mobile application that has the ability to switch between simple (Binance Lite) and complex (PRO trading) interfaces.

Not only can users trade crypto by leveraging various instruments including margin, spot, futures, swapping, staking and so on, but they can also explore a dedicated NFT market where they can create, collect and trade their favorite tokenized goods.

3. Bybit

Bybit is a crypto exchange platform established in 2018 and currently has more than 6 million registered users on the platform. The exchange is unique for various reasons, one of which is the multilingual community support that makes it a truly borderless exchange.

Not only does Bitby allow users to buy and trade cryptocurrencies by leveraging an ultra-fast matching engine, it also offers various earning programs to increase individual traders’ portfolios. In particular, it is “Bybit Savings” that promises to guarantee returns and withdrawals at any time; There are also “liquidity mining” and “DeFi mining” options for investors, among others.

2. FTX exchange

Without a doubt, the fastest growing crypto exchange, the FTX exchange, with a value of over 32 billion dollars, is currently the second largest exchange after Binance. In particular, the number of registered users has grown from just 100,000 in 2019, the first year on the market, to now over 6 million.

In addition to crypto trading, FTX also offers users access to other advanced trading markets, including futures, stocks, forex and margin trading. Similarly, users can take advantage of the many earning programs available on the platform, such as the VIP and Ambassador programs, to name a few.

In addition, FTX issues FTT, its original cryptocurrency, which gives holders several benefits. Some of the benefits of keeping FTT include increased referral discounts, bonus votes, free withdrawals, IEO tickets, increased airdrop rewards and an overridden producer fee.

1. Crypto.com

Ranked as the best mobile application for crypto exchange / trading by Investopedia and other reputable websites, Crypto.com certainly deserves a position at the top of the list.

The crypto exchange, which currently has more than 50 million users, mainly offers two categories of services. The first, which serves as a basic category, allows users to buy and sell cryptocurrencies and NFTs and make payments using the app’s dedicated payment portal along with the Visa card (NYSE :), which provides up to 5% refund on all purchases.

In addition to the basic offerings, users can also expand their portfolios through the platform’s earnings programs, which pay as much as 14.5% per year on non-stable cryptocurrencies and 10% on stack coins.

On the other hand, the second product is designed for advanced trading and includes features such as the dedicated stock market where users can trade across different financial instruments such as margin, derivatives and more.

In addition, on the advanced offering, Crypto.com has a built-in DeFi ecosystem where developers can access the platform’s next generation public blockchain (crypto.org chain), browser extension and other DeFi management tools. Finally, crypto.com has a user interface that makes the onboarding process less daunting for users at all levels of expertise.

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