The 7 Best Crypto Buying Apps in 2024

Alexander Reed

Alexander Reed

Published on Oct 10

In the extremely fluctuating world of digital finance, cryptocurrencies have taken center stage as the future of secure and decentralized monetary transactions. The last few months of 2023 and the onset of 2024 have witnessed a steady upward movement in the value of Stablecoins like Bitcoin (BTC) and Ethereum (ETH), marking a new era of optimism and growth in the crypto market. This resurgence has caught the attention of seasoned investors and newcomers alike, fueling a surge in the popularity of cryptocurrency buying apps. These platforms are not just gateways to the world of digital currencies but are becoming cornerstones of modern financial portfolios.

 

As we enter the dynamic realm of these applications, certain names stand out for their reliability, user-friendliness and innovative features. Coinbase, a long-time leader in the space, continues to impress with its interface and robust security measures. Crypto.com, with its expansive range of supported currencies and competitive transaction fees, is rapidly becoming a favorite among users seeking versatility. And then there's Uphold, an app known for its unique 'Anything-to-Anything' trading experience, allowing users to seamlessly trade between different asset classes. These apps, among others, are redefining the way we buy, sell and manage cryptocurrencies, making it more accessible than ever to tap into the digital gold rush of the 21st century. Stay tuned as we explore the seven best crypto buying apps of 2024, each offering unique features and opportunities for investors and enthusiasts in this digital age.

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Binance app main image
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Binance

Binance

Cryptocurrency and blockchain apps

4.7

Binance
Open

Binance

Despite some regulatory challenges in the United States, Binance remains a powerhouse in the global crypto exchange market. Known for its extensive selection of cryptocurrencies and high liquidity, it offers traders efficient and rapid transaction capabilities. The app is particularly admired for its advanced charting tools and comprehensive features that cater to both beginners and seasoned traders. Binance's commitment to innovation is evident in its regular updates and security enhancements. Additionally, its competitive fee structure continues to attract a broad user base worldwide, keeping it in the list of top crypto buying apps.

Nexo app main image
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Nexo

Nexo

Cryptocurrency and blockchain apps

4.1

Nexo
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Nexo

Nexo brings a unique flavor to the crypto app market by integrating traditional banking features with cryptocurrency management. It's not just a buying app but a financial platform that provides crypto-backed loans, high-yield savings on various cryptocurrencies and an efficient exchange feature. Users benefit from its easy-to-use interface and the seamless transition between crypto and fiat currencies. Nexo's top-notch security measures and innovative approach to using crypto assets without having to sell them make it a standout choice in the crypto space.

Crypto com app main image
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Crypto.com

Crypto.com

Cryptocurrency and blockchain apps

4.4

Crypto.com
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Crypto.com

Crypto.com has cemented its position as a leading app due to its extensive range of services. It supports a vast array of cryptocurrencies and offers unique features like the Crypto.com Visa Card, allowing users to spend their crypto earnings with ease. The app is known for its competitive trading fees, user-friendly design and strong security protocols. Crypto.com's efforts in promoting cryptocurrency adoption through various sponsorships and partnerships have also broadened its appeal, making it a favorite among users looking for a comprehensive crypto platform.

Robinhood app app main image
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Robinhood App

Robinhood App

Cryptocurrency and blockchain apps

2.7

Robinhood App
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Robinhood

Initially renowned for revolutionizing stock trading, Robinhood has made a successful foray into the cryptocurrency market. Its greatest strength lies in its simplicity and the seamless integration of stock and crypto trading. The app's user-friendly interface is perfect for beginners and its commission-free trading model makes it an attractive option for cost-conscious investors. While it may lack some of the advanced features of more specialized exchanges, its straightforward approach has won over many users looking to venture into the world of cryptocurrency.

Exodus app main image
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Exodus

Exodus

Cryptocurrency and blockchain apps

4.5

Exodus
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Exodus

Known for its exceptional focus on user experience and design, Exodus is more than just a trading platform. It's a comprehensive wallet that supports a wide variety of cryptocurrencies and emphasizes an intuitive user interface. Its portfolio management tools and live charts make tracking investments simple and effective, particularly appealing to those new to cryptocurrency. Exodus also places a high value on user education, offering resources and support that enhance the overall user experience.

Uphold app main image
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Uphold

Uphold

Cryptocurrency and blockchain apps

4.3

Uphold
Open

Uphold

Uphold distinguishes itself with its 'Anything-to-Anything' trading experience. This feature allows users to trade across different asset classes like cryptocurrencies, precious metals and U.S. equities within a single platform. Its transparent pricing and lack of hidden fees make it a versatile and economical choice. Uphold's platform caters to a broad range of users, from beginners to experts, with its straightforward yet powerful interface. The app's strong focus on regulatory compliance and security adds to its reliability and trustworthiness in the eyes of its users.

Coinbase app main image
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Coinbase

Coinbase

Cryptocurrency and blockchain apps

4.3

Coinbase
Open

Coinbase

At the pinnacle of the list, Coinbase is widely recognized as the leader in the U.S. crypto buying space. Esteemed for its user-friendly interface, robust security and extensive range of services, Coinbase is the go-to platform for both newcomers and veteran investors. It offers a comprehensive set of tools for trading and market analysis, making it a one-stop-shop for crypto enthusiasts. The added benefit of Coinbase Pro for advanced traders, along with the platform's commitment to regulatory compliance, cements its status as a reliable and respected leader in the crypto exchange industry.

Increase your Knowledge of the Crypto World

In the evolving landscape of cryptocurrency and blockchain, staying informed and educated is key to navigating this dynamic space successfully. One of the most engaging and informative ways to enhance your crypto knowledge is through podcasts. For instance, "Unchained" hosted by Laura Shin, a well-known crypto journalist, offers deep dives into the workings of the crypto world, featuring interviews with industry pioneers. Another notable mention is "The Pomp Podcast," where Anthony Pompliano discusses the technicalities of cryptocurrency with various experts, making complex topics accessible to a broader audience. Check out the Spotify app for more podcasts about cryptocurrency and blockchain information.

 

Beyond podcasts, Discord servers dedicated to Web3 have emerged as vibrant communities for real-time discussions and learning. These servers are hubs where enthusiasts and experts alike gather to share insights, trends and advice (alpha) on everything from NFTs to decentralized finance (DeFi). Moreover, Twitter, now rebranded as X, remains a crucial platform for crypto learning. With its real-time updates, expert commentary and diverse perspectives, X is a goldmine for anyone looking to stay abreast of the latest developments in the crypto world. By engaging with these resources, you can deepen your understanding of cryptocurrency, stay updated on market trends and connect with a global community of like-minded individuals.

Alternative Bitcoin Investment Strategies: ETFs and MicroStrategy

As we step into 2024, the crypto market is white hot with the imminent launch of Bitcoin Exchange-Traded Funds (ETFs) in the United States. This development has stirred significant optimism in the crypto community, with the U.S. Securities and Exchange Commission (SEC) close to approving the first spot bitcoin ETFs. Recent discussions between investment management firms, stock exchanges and the SEC have centered on finalizing the wording changes in the S-1 prospectus documents, a critical step towards the approval of these funds. This move, expected to materialize as early as the second week of January, marks a pivotal moment in the integration of cryptocurrencies into mainstream financial markets.

 

The launch of Bitcoin ETFs signifies a major shift, offering investors a regulated and potentially more secure avenue to invest in Bitcoin. Unlike direct cryptocurrency purchases, which can be complex and security-laden for average investors, ETFs provide a more familiar and accessible route to investment, being traded on traditional stock exchanges. This development also promises to bring a wave of institutional money into the crypto market, potentially increasing Bitcoin's liquidity and stability. It's a game-changer, especially considering the past reluctance of the SEC to approve such products due to concerns about market manipulation.

 

In addition to Bitcoin ETFs, there are alternative methods for investors to gain exposure to Bitcoin's performance. One notable example is MicroStrategy, a public company that has heavily invested in Bitcoin. By investing in MicroStrategy's stock, investors indirectly gain exposure to Bitcoin's price movements. However, it's important to note that this method carries its own risks and is generally considered less secure than direct investment in Bitcoin or through regulated ETFs. The performance of MicroStrategy's stock is not only influenced by Bitcoin's price but also by the company's business performance and broader stock market trends.

 

In summary, the upcoming approval of Bitcoin ETFs in the U.S. is set to open new doors for investors, combining the growth potential of cryptocurrencies with the regulatory safety and ease of traditional financial markets. This, along with alternative investment methods like investing in companies like MicroStrategy, provides a diverse range of options for those looking to invest in the burgeoning world of cryptocurrencies.

Conclusion

As we conclude our journey through the 7 Best Crypto Buying Apps in 2024, it's evident that the cryptocurrency landscape is more vibrant and accessible than ever. This year marks a pivotal moment, with apps like Coinbase leading the charge in the U.S. and Binance overcoming global regulatory challenges. Each app we've explored offers unique features, catering to a wide spectrum of needs in the crypto community, from the novice investor to the seasoned trader.

 

The excitement doesn't stop with buying apps. The crypto world is thriving with educational resources and new investment avenues. Engaging podcasts, dynamic Web3 communities and platforms like X (formerly Twitter) open doors to a wealth of knowledge. Meanwhile, the anticipated launch of Bitcoin ETFs in the U.S. heralds a new era, merging the thrill of crypto investments with the security of regulated financial markets. As we look forward to the rest of 2024, these developments promise to revolutionize our approach to digital finance, making it an exhilarating time to be part of the crypto world.

My Personal Recommendation

“As someone who has been active in the landscape of cryptocurrency, if I were to personally recommend one from our top 7 list, it would undoubtedly be Robinhood. For me, the allure of Robinhood is rooted in its remarkable appeal to the younger demographic, a group that often seeks both simplicity and diversity in their financial endeavors. The platform's commission-free trading across various asset classes, including cryptocurrencies, stocks and ETFs, makes it particularly enticing.

 

There's a certain charm in how Robinhood has democratized investing for the younger crowd. The app's intuitive design is a breath of fresh air, especially for those who might find traditional investment platforms daunting or overly complex. This simplicity doesn't just invite participation; it encourages a more exploratory approach to investing. As a young investor myself, the absence of trading fees on Robinhood was a game-changer. It opened up new possibilities, allowing me to experiment with different investments without the burden of extra costs.

 

Moreover, Robinhood's impact goes beyond just facilitating trades. It plays a pivotal role in fostering financial literacy among its users. For many of my peers, Robinhood was their first foray into the world of investing. This initiation, facilitated by the app’s user-friendly environment, is invaluable. It's not just about making trades; it's about gaining confidence and understanding in a field that can often seem inaccessible. In a way, Robinhood isn't just an app; it's a gateway to financial empowerment for a new generation of investors.”

Alexander Reed

Alexander Reed

Verified Reviewer

Verified Reviewer

Alexander Reed has always been drawn to cybersecurity and data and made his living out of writing about these topics. His favorite apps are Robinhood and Otter AI.

Writer for since October 2023

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Alexander Reed

Alexander Reed

Verified Reviewer

Verified Reviewer

Alexander Reed has always been drawn to cybersecurity and data and made his living out of writing about these topics. His favorite apps are Robinhood and Otter AI.

Writer for Best of Apps since Oct 10

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