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Cryptocurrency is the digital money that people can exchange online for services and goods. The cost of cryptocurrency is high therefore not all people have access to it. People are always wandering for the best cryptocurrency trading apps.
Only some people buy cryptocurrencies and store them in the vault. But the price of a cryptocurrency goes up and down with market trends.
It means by strong them in the vault you will neither have benefit nor loss. For this reason, people invest their cryptocurrencies in trading.
Many apps and platforms are available that allow people to trade cryptocurrency. But not all cryptocurrency owners know about these applications.
That’s why in this article, we will talk about the 5 best cryptocurrency trading apps to help people. So let’s dive into the discussion.
What are the Best Applications to Trade Cryptocurrency?
Following is the list of best applications to trade cryptocurrency. Have a look at them and start making a profit.
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Robinhood
The first cryptocurrency trading app on this list is Robinhood. It was famous for stock trading and ETFs. But now it allows people to trade cryptocurrencies.
The best thing about Robinhood is that it uses a no-commission structure in the crypto world. Although crypto trading is free in Robinhood.
But it charges a spread markup which means the cost will depend on the buying or selling price of crypto. After downloading the app you can start to use it by using transfer features.
Cost: There is no cost for trading but there is a spread markup
Coins available to trade: You can trade seven types of cryptocurrencies here
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Webull
The second app on this list is Webull. It is also famous for trading stocks, ETFs, options, and cryptocurrencies.
It has some special features that make it the rival of Robinhood. The major similarity between both apps is that they both charge for spread markup.
In addition, Webull does not take commissions from its users. The advantage of using Webull over Robinhood is that it allows you to trade with more cryptocurrencies.
Cost: Spread markup of 1% and no commission fee
Coins available to trade: 11 different types of cryptocurrencies
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CashApp
People do not consider CashApp as a trading app. This is because it is known for its cash management account.
While some traders know CashApp for trading ETFs and stocks. But now CashApp allows people to trade cryptocurrency.
Here traders can only trade with only one cryptocurrency known as Bitcoin. Here you can transfer bitcoins to other traders for a small fee.
Cost: Trading fee and spread markup
Coins available to trade: You can only trade with Bitcoin
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Coinbase
In the crypto trading world, Coinbase is a famous name. This is because it allows traders to trade multiple digital currencies.
Here you can trade with 107 cryptocurrencies. It means you can trade with famous currencies including Bitcoin. When Coinbase was first introduced, it has a free structure.
But now it charges for trading. If we talk about the free structure then most traders say it was complex. Traders have to pay a spread markup of about 0.5%. Similarly, the transaction fee depends on the funding sources and transaction size.
On the other side, the Coinbase Pro charges traders 0.5% that trades under %10,000. But the charges reduce to 0.15% if they trade more than $100,000.
Cost: 1.99% for trading
Coins available to trade: You can trade 107 cryptocurrencies
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Kraken
The last trading app on this list is the Kraken. It is also a famous name in the crypto trading world. Here you can exchange many different types of cryptocurrencies.
Kraken has a 1.5% trading fee but you can reduce the charges. If you use the Kraken Pro. Here the charges start in the range of 0.16% to 0.26% when the trader trades at a lower level.
But if the trader trades at a huge volume then charges reduce from 0% to 0.1%.
Cost: 1.5% trading fee and the additional fee for using online banking and cards
Coins available to trade: You can trade with 91 cryptocurrencies here
Wrapping It All Up!!!
These are the best cryptocurrency trading apps that allow you to trade multiple cryptocurrencies at lower charges. The best thing about these apps is that they charge less when you trade more.
So do not resist yourself to trade. The more you trade the more benefit you will get. Also, make sure to trade according to the analytics to make sure you get a profit.