With the rising popularity of cryptocurrencies, more and more investors are looking into crypto investing apps to manage their portfolio. However, with so many options available, it can be difficult to identify the best crypto apps for investing based on features, fees and ease of use. By analyzing discussions on reddit, one of the largest crypto communities, we can get insights into real user experiences with top apps. This article summarizes reddit users’ perspectives on the top 5 best crypto investing apps available today.
Coinbase – Easiest for beginners but has higher fees
According to many reddit threads, Coinbase stands out as one of the top recommendations for beginner crypto investors. Users mention Coinbase as being extremely easy to use, with a simple interface for buying, selling and storing coins. It also has insurance protections and excellent security features like 2-factor authentication. However, users note that Coinbase has much higher fees compared to other crypto platforms, around a 4% spread per trade. So while great for convenience, it may not be cost-effective for active traders.
Binance – Most features but challenging for new users
Binance consistently comes up as one of the most powerful crypto apps across various reddit discussions. Users praise Binance for having a huge variety of coins to invest in, excellent trading features like limit orders and an affordable fee structure. However, Binance seems to have a steep learning curve for complete beginners. The extensive features can be overwhelming for someone starting out. But overall, Binance appears great for intermediate investors who want advanced trading options across many diverse crypto assets.
Crypto.com – Great mobile experience focused on crypto credit card
The Crypto.com exchange app receives positive feedback on reddit for its slick user experience, especially on mobile. Users mention useful perks like no fees for credit card purchases and cashback rewards for spending crypto. While the selection of coins isn’t as large as Binance, Crypto.com supports all the major ones. The company’s crypto credit card also gives investors a nice way to integrate digital coin investments into everyday spending.
Gemini – regulatory-friendly crypto exchange and wallet
According to reddit posts, Gemini stands out as one of the most regulatorily compliant and institutional friendly crypto apps. Supported in all 50 US states and across multiple countries, Gemini has earned a reputation for security and transparency. Users mention a straightforward onboarding process, decent mobile experience, and 10 free monthly crypto withdrawals. However, Gemini does seem to have higher trading costs at almost a 2% spread.
Voyager – user-friendly interest-earning crypto app
The Voyager platform frequently appears on reddit for having an easy to use crypto investing app tailored towards retail traders. Users praise the no commission model and simple order execution for buying and selling dozens of top coins. Voyager also provides attractive interest rates for holding certain assets on their platform. However, several users complained about frequent downtime during periods of peak trading volume.
According to an analysis of reddit crypto investing discussions, Coinbase stands out as the easiest platform for beginners while Binance has the most coin investment features but is more complex. Crypto.com’s mobile app and crypto credit card are user-friendly. Gemini focuses on regulatory compliance and security. Finally, Voyager provides a streamlined investing app to earn interest on held crypto coins.