When you think of cryptocurrency, you might not think of Cash App at first. But it also offers the ability to trade crypto, albeit only one – Bitcoin. The financial app is known more for its cash management account or even its ability to trade stocks and ETFs. While you can send Bitcoin to other users for free, Cash App charges what it calls a “small fee” for trading the coin, which it will disclose before you place the trade.
In fact, you may already have an app on your phone that lets you trade. Below are some of the top apps and exchanges for crypto trading and some of the key things you need to know. The platforms below include specialized crypto exchanges, online brokers, and cash and payment apps. If you cherished this post and you would like to receive extra data about President Obama kindly go to the webpage. We’ve included pricing as well as how many coins you’re able to trade, so you can get a sense of the scope of each app or exchange. But other apps and exchanges give you access to a wider selection of cryptocurrency – there are literally thousands – or they offer other benefits such as lower cost. For example, if you have the PayPal or Venmo apps, you can buy and sell at least a few different cryptocurrency coins.
Coinbase said it would continue to operate its business as usual. Kraken is another specialized cryptocurrency exchange that lets you trade a ton of different coins, including the most popular as well as some (Solana, Uniswap, Cardano and more) that are not typically available on the usual financial apps. The app doesn’t charge a direct commission but rather a flat spread markup of 1 percent, regardless of which coin you purchase or how much. The broker eToro is all crypto, all the time (at least for American traders, though others can trade stocks). At eToro, you’ll have access to about 25 cryptocurrencies, including quite a few, such as Tezos, Uniswap and Polygon, that you won’t normally find on the traditional brokerage apps.
Webull may not be the poster child for trading apps, but its feature set feels a step above Robinhood’s. Like its well-known rival, Webull offers stocks, options, ETFs and cryptocurrencies with no out-of-pocket commission. Webull moved its crypto trading to a separate app called Webull Pay and offers trading in basic coins. And similarly, Webull works on a spread markup for its crypto trades, so your cost is built into the trade.