Top apps related to buying cryptocurrency in 2022

Cryptocurrency has been a hot topic for the past few years, and it doesn’t seem to be cooling down in 2022. However, as with any other market or industry that gets hot, there are newbies who are trying to get in on the action without knowing much about cryptocurrency at all. In this blog, we will talk about the top apps related to buying cryptocurrency in 2022!

But before that, we need to know what is cryptocurrency?

Cryptocurrencies are called so because the consensus-keeping process is ensured with strong cryptography. This, along with the has given rise to an expanding market of cryptocurrencies beyond Bitcoin. The term cryptocurrency broadly classifies all digital currencies built on blockchain technology, while also making a distinction between digital currencies and digital assets.

What is a cryptocurrency app?

A cryptocurrency app is the same as a regular app but they are actually used to handle digital money. These apps are gaining momentum  with the rise of digital money and the advent of Web 3.0. As more and more consumers are getting smarter about their finances, they are utilizing these apps to help them monitor their spending and keep track of their digital assets better than before.

Different types of cryptocurrency app

1. Exchange Apps

These are used for buying and selling cryptocurrencies on an exchange. A user will deposit money into his or her account, and subsequently purchase a cryptocurrency with it. Once the sale is complete, the user can then cash out his or her funds into any payment system that he or she wishes.

The two most common types of cryptocurrency exchange apps are those that facilitate peer-to-peer exchanges and those that allow users to trade tokens at market value with the app itself acting as an intermediary.

2. Wallet

It’s an app that allows you to store, send and receive one or more cryptocurrencies. If you want to become a real user of cryptocurrency, it is necessary to use an app, which will manage your funds for you.  

Remember, your money is only as safe as the wallet from which you access it. There are many different wallet apps available on the Google Play Store, but not all of them are secure. 

Here are some of the most popular mobile wallets: Mycelium, Electrum, Jaxx, Coinomi and GreenBits.

Wallet apps allow users to have full control over their wallets. Apart from Google Store, there are some other sites that offer them for download as well. The advantage of using these sites is that they offer additional features like widgets and themes.

These apps serve as a personal ledger for all transactions instead of being directly involved in them. They can be used to send and receive cryptocurrencies, as well as monitor their valuation over time.

3. News

News apps provide information about cryptocurrency market changes and prices. Many of these apps feature real-time price alerts, and they also display charts with market history data. If a user wants to get updates about the latest happenings in the cryptocurrency world there is no need to visit any other website – these apps will provide all necessary information in one place.

4. Trackers

Some cryptocurrency tracking apps allow you to track the value of your cryptocurrency and any other coins that you may own. They usually provide information such as price trends, exchange rates, and market updates. Some even have features such as price alerts so that you don’t miss out on buying or selling opportunities.*

Best cryptocurrency app of 2022

When you’re looking at crypto apps, you want to make sure that they’re not only secure but also as user-friendly and practical as possible.

Unknown to many people, there are now over a thousand apps in the Google Play store that claim to be crypto apps. And, of course, because cryptocurrency is so hot right now, there’s a lot of competition for those spots in the app stores. So what are the best cryptocurrency apps? We’ve compiled a list of our favorites below.

1. Coinbase

Coinbase is one of the top cryptocurrency exchange sites on the planet. They allow you to buy and sell five different cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ethereum Classic). They also have an option for setting up recurring buys and sells for all of these currencies to help you invest regularly. The app lets you easily set up notifications for each specific currency so that you don’t miss out on any opportunities or changes in price. It’s available for Android and iOS devices.

2. Binance

It offers the most coins on an easy-to-use platform. Binance doesn’t offer as many coins as some other apps in this roundup, but it does have a number of altcoins that aren’t available elsewhere. Binance also has low fees and supports multiple languages.

When you open up the app, you’ll be able to see the value of each coin compared with others. This is a great way to get a basic understanding of how cryptocurrency works.

3. Voyager

Voyager is one of the best crypto tracking apps on Android because it lets you track more than 1,500 cryptocurrencies — including those that aren’t available through major exchanges like Coinbase or GDAX. The app charts your portfolio over time and provides basic price information for supported coins including BTC, ETH, and LTC.

Voyager is an excellent app for more advanced users who want to track their portfolios across multiple exchanges. It allows you to track the value of your coins in real-time to your specific portfolio. It’s available on both iOS and Android.

4. Delta

Delta is a newer cryptocurrency trading platform that’s been gaining popularity very fast. Some people say it’s even better than Binance because it offers some unique features that Binance doesn’t have yet.

One of the greatest things about Delta is that it supports automatic crypto trading bots. But you’ll have to pay for those bots with Delta tokens which you can get from the company by trading on their platform or from other users. You can also use your own tokens when you want to trade on the platform, but you would get paid with Delta tokens as well. Right now there aren’t many exchanges that allow this feature.

5. eToro

eToro is a fantastic program in general, but there are a few features for novices that stick out. 

• $100,000 in practice currency
• the option to speak with more experienced users to learn tactics
• more than 30 productivity tools are all included.

The number of supported currencies is also rising on the platform, and the security features are top-notch to keep you safe. Outside of the United States and Australia, however, the account cost is $200. Fortunately, US and Australian users can join for a reasonable $50.

6. Gemini

Gemini keeps things simple by combining a number of important features into a single program. You may use it to buy, hold, track, and sell your coins with ease, and you can even program it to notify you when the market price reaches a specified level. This enables you to act quickly and prevent losing money.

Gemini’s security isn’t quite as high as that of eToro and other premium programs, but it’s more than adequate. You can also create a completely free account. So, there’s no risk in giving it a shot! However, the app charges a commission of 25% or less on your deals.

The app recently hit a valuation of $7.1 billion

7. Blockfi

BlockFi is a commercial platform that lends money to cryptocurrency holders using their Bitcoin, Ethereum or XRP holdings as collateral. You basically sign up for an account, connect your crypto wallet and deposit your chosen crypto. The service then issues you a loan based on the value of the cryptocurrency you deposited.

BlockFi’s website claims to be building “the world’s first” banking product for crypto users and offers free deposits, free withdrawals, free wire transfers and no deposit fees at competitive interest rates.

8. Wirex

Wirex is a London-based company that has been in the business of cryptocurrency services since 2014, and they’re currently one of the most popular cryptocurrency apps. Wirex offers both a prepaid card and an online wallet that can be funded with either bitcoin or your local currency.

The Cryptoback rewards program is what makes Wirex one of the best cryptocurrency apps. It allows you to get 0.5% cashback on all purchases made in bitcoin and it’s completely free to sign up for. 

There are no fees on transactions between Wirex users and there’s also no fee when transferring your funds to a bank account or cashing them out into fiat currency.

What do the best cryptocurrency apps offer?

The best cryptocurrency exchange apps offer:

1. Easy navigation

You should be able to find the information you need quickly, with minimal scrolling or searching through complex menus.

2. Security

Two-factor authentication allows you to use a secondary verification method when signing in, which makes it more difficult for someone else to gain access to your account.

3. Real-time pricing information

Cryptocurrency prices change quickly, sometimes even more than once a minute. A good app shows you the current price and helps you manage your portfolio effectively.

4. Multiple currencies are available for trading

 Because cryptocurrencies are traded around the world 24 hours a day, 7 days a week, it’s important for a cryptocurrency app to let you trade in multiple currencies at once.

5. Quick access to customer service teams

If you experience any problems with your cryptocurrency exchange app, customer service.

Final Words

Only a few years ago, cryptocurrency was little more than technological alchemy for those desperate for a better future. Now, however, the financial markets have taken a keen interest in digital currency and so-called “alt coins” that are designed to work within a given niche as an alternative to bitcoin.

This list is a small collection of cryptocurrency or blockchain-focused companies and protocols. Collectively, these organizations are spearheading the distributed ledger technology revolution. In many ways, this field is still in its infancy, but the potential for growth is enormous.

FAQ

1. Which mobile OS is best for cryptocurrency?

Android is widely regarded as a good mobile operating system for both tech and crypto enthusiasts, as it allows for a wide range of customizations. Add to that a large audience, and you’ve got a recipe for great success, as the best cryptocurrency apps can attest.

2. What makes a cryptocurrency app secure?

There are two main forms of security you really want in a cryptocurrency app: Two-factor authentication and back-end encryption.