10 Best Crypto Platforms on Android

Most people trade on mobile phones these days as it is more convenient and practical. Find out the best crypto apps for your Android phone in this article.

Cryptocurrency is now more accessible than ever. The crypto market is open to practically anyone with a device and internet connection. Thus, it is suitable for individual traders, groups, institutions, as well as companies. At first, crypto trading can only be done via desktop platforms. This was actually quite a breakthrough already as it enables people to access the market from anywhere in the world. Then, many companies started to introduce crypto trading apps that are accessible via mobile phones.

Most traders use apps these days because they are easy to use and very convenient. Apart from allowing users to deposit and withdraw money at low fees, these trading apps allow users to invest in other ways such as mining, staking, etc.

Now there are hundreds of options available on the market, which can be both exciting and confusing for traders. To help you get started, we will reveal the top 10 crypto trading platforms for Android users in this guide, including some of the well-known companies like Binance, eToro, and more.

What Makes a Good Crypto Mobile App

Before you make a choice, it's highly important to understand that not all trading apps are reliable. Therefore, you must be able to choose the right one for you and consider the pros and cons of every option.

Ideally, a good trading app must have a wide range of available cryptocurrencies, low transaction fees, and a high-security system that can protect your assets from hackers. However, these characteristics are not mandatory and may differ from one trader to another. Every trader must have specific needs and preferences. Thus, you need to use that as the foundation of your decision.

For example, the number of supported cryptocurrencies shouldn't be a problem if you only plan to trade in popular coins like Bitcoin or Ether. On the other hand, traders who like to trade in less known altcoins should definitely sign up with a platform that offers a wide range of crypto options. This is why choosing a platform for its popularity alone is not enough. You should consider other aspects as well and see which one suits you the most.

List of the Best Crypto Platforms on Android

Here are some of the most recommended crypto apps for Android users:

1. Binance

Our first recommendation is the trading app offered by one of the largest crypto exchanges in the world, Binance. The platform has been around for a couple of years and has successfully attracted millions of traders worldwide. Aside from being fully regulated, Binance supports no less than 200 cryptocurrencies at the moment, so it offers high flexibility for its users.

If you're a beginner, you will find that the app is very easy to use. There are loads of tutorial videos and articles on the platform that will help you get started with your trading journey. Meanwhile, if you're an intermediate or expert trader, the app also has so much to offer. For instance, there is a wide variety of charting and technical indicators to use along with customized order types. In addition, you can get access to leveraged products like crypto derivatives across spot markets, futures, and options.

There are several payment methods that you can choose including debit and credit cards, bank deposits, crypto deposits, and peer-to-peer trading. Binance's high popularity is also worth considering as there is a smaller chance of getting slippage.

Even as a big platform, Binance doesn't charge high transaction fees. Deposits are completely free of charge and withdrawal fees are automatically adjusted following the market condition. The trading fees are very low compared to its competitors and you can get even lower fees if you use Binance's native coin, BNB.

2. eToro

Generally speaking, eToro probably offers the best crypto trading platform for Android in 2022. The provider is already well known in many countries and it's regulated by several top-tier authorities like UK's FCA, ASIC, and CySEC. Thus, you can trade safely on your mobile phones without having to worry about regulation and safety issues.

eToro | Specifications | Review | Testimonials (47) | News (81) | Articles (19) | Promotions (1)

84

Review Start Trading

Website

www.etoro.com

Established

2007

Leverage

1:400

Min Deposit

$200

Regulation

CySEC, FCA, ASIC, FINRA, Financial Services Regulatory Authority (Abu Dhabi), FSA (Seychelles)

Key Features Extensive Review

Accepts US traders

Personal manager

Trading contests

Segregated accounts

Free education

Compensation scheme

Negative balance protection

Swap

Low spread eur/usd

Hedging

Islamic account

Affiliate program

Trading via API

Interest rate on funds

Copy trading

WebMoney

PayPal

Skrill

Wire transfer

Neteller

eToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia.

eToro (Europe) Ltd operates as a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. #109/10. Meanwhile, eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.

As for eToro AUS Capital Pty Ltd, the legal standing is acknowledged by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.

A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative Smart Portfolios, a fully managed thematic portfolio.

Since 2007, eToro has been at the forefront of the Fintech revolution. The most recent was launched in 2017, which is Smart Portfolios powered by Machine learning Al. Beyond developing Smart Portfolios, the company integrated Microsoft's machine learning technology into Momentum DD.

The new Smart Portfolios investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundle traders into one fully-managed portfolio. eToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies.

Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos. Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro's most popular CFD commodities include gold, oil, natural gas, silver, and platinum.

Currencies are traded on eToro only as CFDs. Also, CFDs enable Sell (short) positions and leveraged trade, even for assets that don't offer the option in traditional trading. Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD.

Furthermore, An Exchange-Traded Fund (ETF) is a financial instrument comprising several assets grouped to serve as one tradable fund. After opening an account in eToro, traders can invest as little as USD250 in an ETF that costs USD500. Some of the popular ETFs on eToro include SPY, VXXB, TLT, and HMMJ.

However, eToro also offers additional functions using CFD trading. All leveraged ETF positions in the UK are under FCA regulations. Meanwhile, all CFD positions executed by eToro Australia are under ASIC regulations.

The company has other advantages. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.

eToro charges a USD25 fee for withdrawals and the minimum withdrawal amount is USD50. Long (Buy), non-leveraged crypto, stock, and ETF positions are not executed as CFDs and do not incur any fees. eToro does charge overnight or weekend fees for CFDs positions, such as leveraged positions and short (sell) orders.

Fee updates always apply to open positions. Fees are subject to change at any given time and could change daily, without prior notice, depending on market conditions.

As a beginner, trader can use CopyTrading eToro. Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. Therefore, 100% profit is fully owned by traders. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%.

The company is the world's leading social trading network. Since eToro operates in complete transparency, each trader has valuable information on their eToro profiles, so other traders that are interested to copy their trades can have assistance in creating their best portfolios.

Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other's posts, and gradually create a feed that is tailor-fitted to trader's trading and investing interests. On eToro social trading platform, traders will also get notifications when a trader writes a new post and many other important updates.

The app has a clean, beginner-friendly interface which makes it very easy to operate. When it comes to supported markets, eToro offers over 50 tradable cryptocurrencies with considerably low fees. You can find various cryptocurrencies starting from Bitcoin and Ether to Cardano and Dogecoin.

Aside from various tools on eToro, this broker also supports several payment methods, including debit and credit cards, bank wires, PayPal, Skrill, etc. The spread starts from 0.75%, which is highly competitive compared to other platforms. No fees are charged for making deposits or buying cryptocurrencies, but you still need to pay a 0.5% conversion fee if you make non-USD deposits.

You can also withdraw your funds by paying $5 per withdrawal. However, you won't be able to withdraw to a private wallet, so your assets must remain in eToro until you cash them out.

3. Coinbase

Coinbase is arguably the most popular crypto trading platform right now. The platform is widely known to offer reliable service with high-security measures. If you are looking for a simple app to get you started on mobile trading, Coinbase is certainly a great choice. Once you open the app, you will meet a bunch of step-by-step tutorials about crypto trading. Before you sign up, you will also be asked to complete the KYC process for extra safety.

Security is one of the greatest advantages offered by Coinbase. After logging in, you will be required not only to enter your chosen PIN but also two-factor authentication through a code that is sent to your phone via SMS. Other than that, 98% of users' funds are stored in offline cold storage. Users are allowed to lock their withdrawal requests for 48 hours.

Coinbase offers the top 25 digital tokens in market capitalization, with the exception of XRP and BNB. Across other markets, you can also find some other ERC-20 tokens and DeFi coins. While this may not sound much in comparison to other platforms, it supports all major crypto tokens.

The only downside is the relatively high transaction fees. The system is also pretty confusing to begin with, so you'll need to read the terms and conditions carefully before registering. If you choose to use Coinbase Pro, you can get lower transaction fees and able to get a straightforward pricing model depending on the liquidity of your asset and the market's monthly trading volume. However, the interface can be pretty confusing for beginners.

4. Kraken

Kraken is a well-established crypto trading provider that has been around since 2011. In terms of safety, this company is definitely not to be underestimated. Around 95% of traders' fund deposits are stored offline across various countries, with the platform serves tightly secured from thieves and hackers. Currently, it supports more than 50 cryptocurrencies, including Bitcoin, Ethereum, Cardano, Flow, and more.

The app has a very modern design, making it look clean and approachable. You can access your portfolio and market prices in just a few taps, so it's suitable for both beginners and advanced traders. In addition, you can see the latest news on each cryptocurrency.

Kraken only charges low trading fees depending on whether you are a buyer or a seller. Low volume traders typically need to pay around 0.16% maker fee and 0.26% taker fee. Keep in mind that if you use the Instant Buy feature, you will have to pay an additional 1.5% fee for buying, selling, or converting cryptocurrencies.

5. Blockfolio

Blockfolio is a mobile news and portfolio tracking app for cryptocurrency that was recently bought by a crypto derivative exchange FTX. This app allows you to quickly take a look at your active crypto investments and portfolio. You can also easily add new data about your crypto positions straight from hundreds of crypto exchanges. The app will display your positions as well as your profit and loss over time. It will also notify you when prices reach a certain level.

Blockfolio is able to track over 800 cryptocurrencies and you can get the details for each one. There's also a specific section that shows you updated news about what's happening in the industry so that you can keep up with the trends and perhaps spot great opportunities.

In a nutshell, Blockfolio is a brilliant app to manage your crypto investments across multiple wallets and exchanges. This can also be helpful to separate your investment goals and reach them one by one. For instance, you can separate the portfolios for long-term investments, short-term hypes, and a watchlist for highly anticipated cryptocurrencies. Simply click on each one to bring up the real-time price charts and news.

6. CoinStats

CoinStats is a powerful mobile app to track cryptocurrency prices. You can search for up to 3,000 crypto prices across 100 exchanges. Simply sync the exchange that you want to track with your wallet and create a full portfolio if you want to. Once you connect to the exchange, you can easily trade cryptocurrency directly from the app. Apart from that, there are other features like transaction analytics, instant price notifications, portfolio sharing, and more.

The app has a nice and smooth user interface, so you don't have to worry about having trouble finding your way around. Aside from managing your portfolio, the app also provides excellent news and crypto updates, which are collected from at least 40 trusted sources. This information is created by the CoinStats team in order to help traders make better decisions with a deeper knowledge of the markets.

As for the pricing, almost all features on CoinStats are essentially free, but if you want to access everything, you'll need to go for the Pro or Premium subscription. The Pro feature costs $3.49 a month and allows users to connect a maximum of 10 wallets and 10 exchanges. You can also make up to 1,000 transactions, get portfolio insights, and have unlimited access to the data on the app.

Meanwhile, the Premium feature costs $13.99 per month. It allows users to connect an unlimited number of wallets and exchanges, make up to 100,000 transactions, have unlimited access to the data on the app, and have a personal account manager.

7. Cobo

Cobo is a multi-cryptocurrency wallet app with a built-in dApps browser that lets you store cryptocurrency safely. Currently, the mobile app has over 1,000,000 users worldwide and supports more than 30 digital coins and 500 tokens, including Bitcoin, Ethereum, Ripple, Litecoin, Dogecoin, and more. The app is available across 80 different countries and some advanced crypto tech like Proof of Stake, dApp marketplace, the Lightning Network, and masternode pooling.

8. Delta

Delta is a portfolio tracker app that supports over 3,000 cryptocurrencies in total. Compared to other crypto apps on the list, Delta is still considered pretty young. The app was just founded in 2017, yet it was able to gain more than a million users in a span of one year.

Since then, the app has added a bunch of worthy features to help traders track their portfolios better. For instance, when opening the app, you can gain insights into various types of data, including a full watchlist, market data, and price alerts.

See also: Best Performing Cryptocurrencies

One of the greatest and the most unique benefits of Delta is that it allows traders to track all investments, including non-crypto positions in a single interface. In other words, it's not an app that only allows you to track Bitcoin and Ether but also gives you a clear picture of your entire financial condition. On top of that, the app is highly intuitive and easy to use.

Delta is compatible with several well-known crypto wallets like Coinbase, Bittrex, KuCoin, GDAX, and others, so you won't get any trouble syncing in the data. However, please note that the app is not completely free. You can access some basic features with the free version, but the best deal comes in the premium package. In this case, you'll have to pay a subscription of $8.49 per month or $49.99 per year.

9. Robinhood

If you are searching for a reliable investment app for the stock and crypto market, Robinhood is an easy answer. You can easily buy and sell cryptocurrency without having to pay any additional fees or anything else.

The app's interface is extremely easy to use to the point where some people argue that the app has made complex trading strategies too accessible for inexperienced traders, leading to massive losses that made headlines. So, if you decide to use this platform, please be careful and consider the risks before trading.

Robinhood offers a bunch of interesting trading features for free. Some of these features are customizable alerts, a news feed, candlestick charts, and the ability to listen live to earnings calls. However, it is worth mentioning that some features can get a bit confusing at times. For instance, the market is only updated once you pay for the $5 monthly subscriptions.

10. CryptoWake

Last but not least, we recommend CryptoWake to keep you updated on the latest crypto-related news. Unlike the ones mentioned in this article, CryptoWake is actually a lock screen app that displays a bunch of cryptocurrency information, including a clock, date, notifications, media controls, and others. On top of that, you'll be able to see loads of useful crypto updates like news feed, crypto prices, stats, etc.

Overall, it's simply a nice addition to your mobile phone and an instant way to keep track of some specific crypto prices. Keep in mind that this app is only recommended for AMOLED displays because otherwise, it will quickly drain your battery.

Final Thoughts

Crypto trading provides an easy and exciting way to earn passive income. Today, you can easily access the market and manage your trades through your mobile phone screen. When researching for the best crypto apps, you should start by defining what you need, whether it's a trading app, wallet app, or portfolio management app. Then, you can narrow down the list by considering some important factors like security, regulation, features, supported markets, customer service, payment methods, etc.

If you just started your trading journey, top-rated providers like eToro, Binance, and Coinbase are highly recommended. These apps are certainly beginner-friendly, easy to navigate, and offer a bunch of useful trading features. You just have to make sure that the app is supported in your country and that it offers everything you need to reach your goal.

Crypto has proven to be one of the most versatile assets these days. In addition to being a great investment, payment using crypto can be a great option for several brokers these days.