With so many cryptocurrency projects, where do you turn to in order to keep track? This is where the best cryptocurrency apps come in. There are currently over 10 000 cryptocurrency projects in existence today, not mentioning unlisted ones. How do I know this? Because there are platforms such as Coinmarketcap and Coingecko where you can check tokens and gather all the info you need about a project. These projects will list their website, whitepaper, source code, community chats etc. And these cryptos are just the ones that are publicly reported on, what about the unofficial ones? You get the point.
Imagine having to download each and every project’s app that you own. What if you have 20 different cryptocurrency projects that you are involved in, could you afford to download all 20 apps and separately login to each and every one all the time? This can easily be a tiresome exercise. To help you house these cryptos, track their performance, check the team’s activities, earn from your crypto, the best cryptocurrency apps really help with the narrowing down of this mammoth task. In this article, we will cover the six best crypto apps that I personally use on a regular basis to perform various different tasks.
6 Best Cryptocurrency Apps
I’ve been using the Exodus app for more than four years now, going into five. I have seen it improve and get better over the years. There used to be just a desktop version, but now you can get a mobile version as well. The app has good security features to ensure the security of your cryptocurrency, and of course, since it’s a non-custodial wallet, it means you have control of your own private keys. Below I list some of the Pros and Cons about Exodus. Let’s take a look.
Exodus Wallet Pros
- Non-custodial. Meaning you have control over your own private keys.
- Top security. You can protect your wallet with a password and/or biometrics.
- Over 100+ supported cryptocurrencies.
- You can store, send and also exchange your cryptos using Shapeshift.
- Passive income. You can earn passive income on your crypto while holding it on your wallet.
- Live chart. There is a live chart portfolio where you see your current holding percentages.
- Monitor market movement. Monitor how your tokens/coins are performing right at your fingertips.
- Trezor wallet connection. You can seamlessly use a Trezor hardware wallet in conjunction with your Exodus wallet.
- Desktop and mobile. Both Desktop and mobile versions are available for easy synchronization.
- Very intuitive and easy to use.
- You can download the apps free of charge.
Exodus Wallet Cons
- There is no 2 Factor Authentication (2FA).
- Transaction fees tend to be high at times, esp. when the Blockchain is too congested.
- Generation of new addresses is not possible.
This is one of my favourite crypto apps. Metamask is a browser extension, and recently mobile app, that allows you to store, send and swap cryptocurrencies on the Ethereum network (Ether and ERC-20 tokens). Not only that, now you can use it with other chains, too. It used to just be the Ethereum network, but today we have the likes of Binance Smart Chain (BSC) and Polygon (Matic Network) that can be deployed on the Metamask as well. Very diverse in its scope. As you would expect, you are completely in charge of your private keys.
Metamask Wallet Pros
- Security. You have a passphrase (mnemonic phrase) in case your wallet extension gets deleted.
- Your wallet is also password protected. No access without a password.
- Private Keys control. Since you are interacting directly with the blockchain, even if something was to happen to Metamask, you would still be able to retrieve your funds, through your Private Keys.
- Very intuitive and easy to use, even for new beginners in the crypto space.
- Access to multiple Dapps (Decentralized applications) on the blockchain.
- Multi-chain or network compatible. Ethereum network, BSC, Matic network.
- Free to download and use the app.
- No additional downloads. No need to download a full node or install an additional software.
- Built in exchange feature.
- Multiple wallet creation. You can create multiple wallets for different accounts, within the app.
- Integration with hardware wallets, Ledger and Trezor. This is a big plus as these hardware wallets store your private keys offline, and yet you are still able to perform transactions through Metamask interface.
Metamask Wallet Cons
- Slow transactions. Sometimes you have to wait for a long time for your transaction to be confirmed. In many cases, you have to pay more in gas fees to speed up the transaction.
- High gas fees. This ties directly with the point above. The gas fees are very high and when there’s congestion on the network you can pay very exuberant fees just for a simple transaction. Uniswap immediately comes to mind when I mention this;-)
- A potential risk exists whereby if you happen to lose your device or laptop someone can get access to your wallet and start sending your funds out. With the Ethereum blockchain being immutable, once these transactions are confirmed they cannot be reversed.
Read this article on how you can protect your crypto and ensure control at all times.
Binance needs no introduction. It’s the biggest exchange globally in daily traded volume. It was launched in 2017 and has over 1.5 million users to date. Their app is very comprehensive, contains all the features that you would expect on the web application. They continuously expand their products and services to stay ahead of the curve. They also have a vast selection of tokens, a LOT. It’s safe to say that it’s a new project’s dream to be listed on Binance. Let’s look their Pros and Cons.
Binance App Pros
- Easy to buy and sell crypto through their interface. Basic and advance feature.
- They have a big variety of coins, over 500 cryptocurrencies.
- Trading fees are slightly cheaper than other crypto exchanges.
- You can buy crypto using your bank card.
- It’s available in over 180 countries.
- They have a native coin called Binance Coin (BNB). This coin is used as a discount on trading fees. You can save up to 50% on fees
- They have developed their own blockchain called Binance Smart Chain (BSC).
- Your assets are insured against hackers, unless it’s your own negligence.
- Offers multi-lingual platform accessibility.
- Binance has several products, such as: Binance earn, Binance staking, P2P Trading, Binance loans, Binance savings, Binance charity, Binance USD (BUSD) and Binance GBP stablecoins.
- Trust wallet. Offical decentralized Binance wallet.
- They also have a crypto card.
Binance App Cons
- It can be overwhelming to new users or traders.
- It doesn’t support a lot of traditional payment methods.
- Not available in seven U.S states.
- The Binance US exchange offers a very limited number of tokens to trade, compared to hundreds which the offer on their global exchange.
Another best cryptocurrency app is non other than Delta. This app makes it easy track your portfolio and stay plugged into the charts on the go. If you’d like to see the performance of all your tokens in one place, link your exchanges and have data fed through in real time, then the Delta app is perfect for you. Along with the ability to track your crypto, they also have stocks and other non-crypto assets. The main aim is to combine non-crypto assets and crypto in one app. This enables you to track your entire portfolio. They are still heavily developing the stock feature of the app too.
Delta App Pros
- API Integration. You have the ability to integrate popular exchanges within one app, through the use of an API. Supports more than 300 exchanges.
- Ability to track not only your crypto portfolio, but other non-crypto assets too, such as stocks, futures, commodities, ETFs, etc.
- The interface is newbie friendly as well as beautifully designed.
- The app is constantly being updated, and the community well informed of the updates.
- The free version contains a lot of features on its own.
- Pie chart. Your crypto holdings are organized in a pie chart format, enabling you to discern between different percentages.
- Monitor the performance of the markets on the go.
Delta App Cons
- The version contains a paid version. However, there is not too much of a difference so many users may not see the need fro the pro version.
- You cannot perform trading operations within the app.
- The supported exchanges are only useful in as far as displaying the price, not much else.
Before we even talk about portfolio tracking, storing and even trading your tokens we have to be aware of those tokens first. This is the main reason we cannot talk about the best cryptocurrency apps without mentioning Coinmarketcap. This is the platform that lists thousands of cryptocurrencies and projects that are out there. How do you know where to buy the token? The historical data of the project, the compatible wallets, project’s ratings, etc.
Coinmarketcap gathers all the data, or most of it, regarding a particular project in one place. You get access to the project’s website, their socials, the source code, whitepaper, data analysis, etc. It’s a great platform to learn more about a project, new and old. When projects launch, they WANT to be listed on portals like Coinmarketcap and Coingecko. Coinmarketcap has also expanded over the years to include even more data and features. Let’s turn to the pros and cons and see if Coinmarketcap is really a worthwhile app to keep around.
- Lists and Ranks cryptocurrency projects from the biggest/top coins to the smallest coins by market cap.
- Ability to see the recently added coins. You are then able to take advantage if the project has potential.
- Global Cryptocurrency Chart. Ability to see the total cryptocurrency market cap.
- Gives you a glimpse of the top performing exchanges, ranging from spot trading, derivatives, dex, and lending.
- Watchlist. My favourite feature, allowing to create your own list of tokens that you are tracking or invested in.
- Portfolio tracking. You are able to create your portfolio and monitor its performance, right within app.
- Desktop and mobile app compatible.
- Calendar. You are able to check ongoing and upcoming airdrops, ongoing and upcoming ICOs, major events happening within the blockchain and crypto ecosystems.
- You can also earn free crypto through their Learn and Earn feature.
- Data reported by Exchanges may not be 100% accurate. Trading volumes may be inflated to make it seem like there’s a lot going on on the exchange.
- Not all projects that are listed are legit. Some projects are intended to be short lived, to scam unsuspecting investors.
Celsius Network is a lending platform that enables you to earn and borrow against your crypto. The main aim is to disrupt the traditional financial institutions and banks. They basically offer services that are offered by the banks, but better rates of return on your funds and lower interest rates on your loan. Even though the Celsius platform itself is centralized, their services are more decentralized. There are many other decentralised alternatives that one could argue should make the list of the best cryptocurrency apps, however, when you watch my full review of Celsius Network below you will realize yourself why I chose Celisius to form part of this best cryptocurrency apps list. Check out the full review of Celsius Network below.
Much has been said about this revolutionary platform. So, let’s break it down and check the Pros and Cons of this platform.
Celsius Network Pros
- Earn. You are able to simply send your crypto to the app and start earning.
- Supports over 40+ tokens to earn from.
- Their rates are compelling, up to 17.78% APY (Annual Percentage Yield) on one of the supported assets.
- Borrow. They allow you to borrow against your crypto. They are big advocates of HODLing. So in instances where you need cash, you simply borrow and use your crypto as collateral.
- Their interest rates are very low. You can borrow for as little as 1% APR (Annual Percentage Rate).
- Beautifully designed. People who are new to the crypto space will find the app very easy to use and appealing.
- CelPay. CelPay is a feature that allows you to send and receive crypto within the app itself. It’s like a P2P transfer capability.
- CelToken. Celsius has a native token called CEL which is also listed 0n CoinMarketCap. There are many benefits attached to it, such as earning higher rates and also paying ridiculously low interest rates when you borrow.
- The more Cel tokens you hold the better the benefits. Different thresholds determined by the number of tokens you hold.
- Credit Card. You have the ability to earn cash back through their credit card, as well as earning weekly rewards on your crypto collateral.
- Security. Very strong security features and third parties to secure and protect your crypto. They work with Cyber Intelligence and Incident Response experts.
- No withdrawal or transfer fees. That’s right, you do not pay any withdrawal fees when you withdraw crypto out of the platform, neither do you pay any transfer fees from doing internal transactions or even paying in your crypto.
- They have over 849K users at the time of writing this article, and more than $15.6B in community assets.
- Great support team. Usually respond within 24 hours.
- Celsius is centralized. This might be a problem for some people who prefer absolute 100% control of their assets.
- Security risk. While Celsius has very strong security features, there’s always a possibility of a hack, which would then result in your funds being lost.
- They do not offer any insurance on your crypto. However, Fireblocks (custodian) provides insurance on digital assets held by Celsius.
This concludes our best cryptocurrency apps review. These apps I use on a day to day basis. As you might have seen, some of them overlap in functionality, but there’s always those unique features that make the app. As you go about your crypto journey, you come along great apps, and perhaps there’s other best cryptocurrency apps that we didn’t mention. Always important to take security of your funds, ease of use, and accessibility of the app whenever you decide to use a crypto app.
What is your best crypto app? Let us know in the comments below.