Top Crypto Apps for Beginners 2023

Best Crypto Apps for Beginners

If you’ve been sitting on the sidelines waiting to dip into the waters of cryptocurrency, I’m going to be going over some of the best crypto apps for beginners. Personally, I’ve been involved in crypto for the last eight years, and it’s become a fun way to invest on your phone with the opportunity to make some money once you know what you’re doing. I’ve traded hundreds of thousands of dollars on each one of these apps, and I wanted to kick things off with my top pick, which is binance US.

Binance US

Binance US has one of the best layouts for anyone new to crypto trading. You can make simple buy orders or take a more analytical approach by pulling up price histories by the volume up to the one minute, two minutes, and upwards. Another big reason I love this app is because the fees are super low, at 0.1% to 0.5% for buying and selling. Honestly, it really doesn’t get any cheaper than that unless you’re using a free trading app like Robinhood or WeBull. However, those apps do have some drawbacks, such as not a huge coin selection. However, one of those apps did make this list.

coinbase

Coinbase is also great for beginners. The biggest drawback is the fees, which are a lot higher here, ranging from 0.5% to 1.5%. Coinbase has a similar layout to Binance US, where you can pull up price histories and make simple buy orders. They also have Coinbase Pro, where you can take a more analytical approach, and the fees do go down a little bit, but not too much more.

Robinhood

Robinhood is a free trading app. They don’t have a huge selection for cryptocurrencies, but the biggest draw for using Robinhood is that you can trade for free. I’ve traded quite a bit of crypto on here and done pretty well, so I would recommend it too.

If you guys want to check any of these apps out, I’ll throw some bonus and resource links in the description. Now, let’s move on to the next section.

Five Safe Cryptocurrencies to Get Into

I want to recommend five safe cryptocurrencies to get into for the next one, two, and three years. Please note that none of this is financial advice, but it’s my opinion. I do own all the coins I’m going to be going over.

crypto.com

Crypto.com recently rebranded its name to the Kronos Coin, which is interesting. The reason I think this is a great coin to get into, especially right now, is that the market cap is $12.5 billion, and the price is hovering around 48 to 50 cents. In the next few years, I see this coin being a $100 billion market cap cryptocurrency. Crypto.com is the fastest-growing crypto exchange in the world, and I believe it will follow a similar path to Binance Coin (bnb) in terms of growth.

Polkadot

Polkadot has a market cap of $22.5 billion, and the price is right around $22. It’s an alternative to ethereum and is considered a software cryptocurrency. I believe this project will do phenomenally well in the next few years and could easily 5x in price.

Ethereum

Ethereum is a safe coin to get into. While it may not offer the craziest returns, it’s a steady and reliable cryptocurrency that will see steady growth in the next few years. It’s a good option for those looking for a safe investment.

Binance Coin (BNB)

Binance Coin (BNB) has seen tremendous growth in the last couple of years. It’s attached to Binance, one of the biggest crypto exchanges in the world. Currently, the market cap is around $72 billion, and I believe it could easily double in the next few years. It’s a safe crypto, and staking is available on certain exchanges, allowing for passive income.

xrp

XRP is one of my favorite cryptos. While it’s currently under a dollar, I believe it won’t stay that way for long. Averaging into XRP over the next one, two, or three years should yield positive results. The market cap is around $40 billion, and I think this coin could reach a $500 billion market cap at some point.

Bonus Coin: Decentraland

Decentraland is a metaverse crypto that I believe will do really well. It has a market cap of around $5 billion, and the price has been under $3 for a little bit. Decentraland is a marketplace where virtual goods and virtual real estate are sold. With Atari as one of the big partners in this project, it’s primed for massive growth.

I hope you found this list of safe cryptos to buy and hold for the next few years helpful. Remember, this is not financial advice, but my opinion based on my own investments. Thanks for reading, and we’ll see you in the next crypto video.

Frequently Asked Questions (FAQs)

1. Are these crypto apps available worldwide?

Yes, these crypto apps are available worldwide. However, some features and availability may vary depending on your location.

2. Can I trade cryptocurrencies for free on Robinhood?

Yes, Robinhood offers free trading for cryptocurrencies. However, it has a limited selection compared to other apps.

3. Is it safe to invest in cryptocurrencies?

Investing in cryptocurrencies carries risks, as the market can be highly volatile. It’s important to do thorough research and only invest what you can afford to lose.

4. Can I stake cryptocurrencies on certain exchanges?

Yes, certain exchanges offer staking options for cryptocurrencies like Binance Coin (BNB), Ethereum, and the Crypto.com Coin. Staking allows you to earn passive income on your holdings.

5. Should I invest in all the recommended cryptocurrencies?

It’s important to do your own research and make informed decisions based on your own financial goals and risk tolerance. Consider diversifying your portfolio and consulting with a financial advisor if needed.