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The best cryptocurrency investment app in 2023, as found in our independent testing, is Pionex!
Cryptocurrency only really entered the picture just a few years ago, but many of the major companies operating today began offering their services some years before.
As one of the most popular and lucrative tech industries, we have seen a huge influx of new investors and traders in the crypto space.
According to research from Insider Intelligence, there are an estimated 34 million adults in the US that own cryptocurrency, with around 3.6 million people using cryptocurrency as a form of payment.
While it’s clear the vast majority of crypto holders consider it an investment asset, the vision for digital assets is for them to offer an alternative to fiat currency.
Many firms are encouraging users to purchase with cryptocurrency, by offering crypto Visa and Mastercard credit cards, which give customers various bonuses and cashback-style rewards for spending.
As well as that, exchanges and trading platforms are now offering first-rate investment apps, adding to the overall trading experience and streamlining many complex aspects of digital asset trading.
Whether you’re a newcomer or an experienced trader, all users can take advantage of these unique features and benefit from major cash rewards through reliable and trustworthy crypto providers.
To make this process easier for you, we’ve put together a list of four of the very best crypto apps available in 2023.
Types of Investment Apps
Access to trading apps is becoming easier, with users now able to access some of the most popular markets with just a few swipes of the thumb.
Traders have access to equities, fixed income and money market assets.
Out of those three asset classes, it’s stocks, forex and cryptocurrency that command the lion’s share of the market.
Cryptocurrency is the one trading market that has soared in popularity in the last few years, with many traders taking advantage of the high liquidity and volatility crypto assets offer.
So much so that some of the most popular and longest-standing investment apps, such as eToro and Thinkorswim, are now offering cryptocurrency as a trading option.
Best Cryptocurrency Investment Apps 2023
Here are our top choices for the best cryptocurrency investment apps in 2023:
Pionex is one of the world’s first exchanges offering free, integrated trading bots, aiding users with automated, data-driven trading.
With 12 free trading bots available, users can take advantage of these innovative bots, without the need for any coding or programming.
The platform first went online back in 2019 and boasts the title as one of the fastest growing exchanges in Asia.
- Price: FREE
- Types of Bots: Arbitrage Bot, Grid Trading Bot, Copy Trading, Social Trading, Martingale Bot, Spot-Futures Arbitrage Bot, Rebalancing Bot, DCA, etc.
- Supported Exchanges: Huobi, Binance, Pionex
- Mobile App: iOS & Android
The exchange handles over $30 million in trade volume per day, with over 100,000 registered users globally.
The simple and intuitive crypto mobile investment app provides customers with the ability to customise the app to create a personalised trading platform, where users have access to over 40 cryptocurrencies.
The fee structure isn’t spectacular, but with maker and taker fees set at 0.05%, they meet the industry standard and can compete with some of the other platforms on this list.
One thing that did disappoint us was the lack of fiat deposit or withdrawal options, which doesn’t cater to new users.
Binance is the biggest cryptocurrency trading platform by trading volume, offering over 600 different cryptocurrencies and tokens for users to trade.
The company offers exceptionally low fees on spot trades, with a standard fee of around 0.1% and buying and selling crypto will incur a 0.5% trading fee.
The firm’s trading app comes in two forms, “Binance Lite” and “Binance Pro”.
Each version of the investment app is backed with a range of great educational resources.
Providing users with the ability to trade and earn on some of the most popular coins; Binance offers a one stop shop for all things crypto.
One of the disappointing aspects of the Binance service is the high withdrawal and deposit fees using fiat currencies.
Given the low trading fees it kind of makes up for it, but we would like to see the high rates on withdrawals reduce.
Crypto.com has managed to create a huge brand identity through sponsorship and the launch of its Visa card back in 2018.
The Visa card has been one the platform’s most unique and recognisable features, with the platform going online just 2 years before in 2016.
With over 50 million users scattered across the globe—including nations such as Brazil, Singapore and Argentina—Crypto.com has cemented itself as one of the world’s biggest exchanges.
Customers will have over 250 different cryptocurrencies to choose from and the option to deposit over 20 different fiat currencies into their account, catering to the global market.
The platform’s maker (0.04%-4.0%) and taker (0.1%-0.4%) fees aren’t particularly exciting, but offer around the industry standard.
However, it’s worth mentioning that if you’re a frequent trader, then the fee structure probably doesn’t suit, as the fees are much higher than other major exchanges, such as Binance.
Not to repeat ourselves, but we should emphasise that the Visa card is truly one of the best features and it’s available to clients in the US and across Europe.
Coinbase has a huge presence in the States and is slowly growing its global user base.
One of the great things about the platform is the fee structure, which calculates fees at the time of purchase, taking into account the size of your order, the payment method and market conditions.
As well as that, users can earn up to 25% on a variety of different coins through the platform’s earn feature.
With over 100 types of cryptos to choose from, users can navigate through the various trading options using the award-winning mobile app.
Also, for those users considering Coinbase, if you sign up before July 6th, 2022, you are automatically entered into a competition to win one million dollars worth of Bitcoin (BTC).
A few things did disappoint us about the platform, notably the restricted access to altcoins, notably some of the more popular coins.
Also, the fee structure is designed as such that it can benefit users, but the structure can also result in fees being rather pricey.
Which Is The Right Cryptocurrency App For Me?
Cryptocurrency has exploded in popularity in recent years and even with a comprehensive list like we’ve provided above, there are still so many options to traders.
Having said that, the aforementioned exchanges offer complete investment apps, which will meet all your trading desires.
Industry leaders Binance and Coinbase offer high-volume trading with a broad range of tokens and coins.
For traders looking to use digital currency to spend, then Crypto.com’s Visa card has a range of great benefits, as well as a standard 5% card spend reward scheme.
Pionex offers something different with its trading bots service, something that is a niche in the industry and a good reason why the exchange has found so much success.
Choosing the right exchange for you is down to your own subjective requirements. Are you looking for a range of currencies? Low fees?
The ability to fund your account with fiat currencies? The list of questions goes on.
Take a look through our recommended cryptocurrency investment apps in 2023 and find the one that suits you best!