Key Insights
- Newbies in the crypto space often have to deal with terms like blockchain, Defi, NFTs and smart contracts.
- Before jumping into which apps are worth your time, understanding why using a mobile crypto app could be great for beginners is important.
- The most beginner-friendly crypto apps include Coinbase, Robinhood, Gemini, Kraken and Crypto.com.
- Platforms like Gemini and Coinbase provide educational materials alongside trading services.
- Newcomers should always remember to start small, keep learning and protect their assets.
Crypto can be very intimidating or even confusing, especially for newcomers.
Newbies to the space often have to deal with terms like blockchain, Defi, NFTs and smart contracts.
This is without mentioning the volatility of the market itself, which can be daunting.
However, the good news is that investing in crypto is no longer for the tech-savvy pros.
Anyone can now jump in and make the most of their experience, thanks to a few beginner-friendly mobile apps.
Here’s how you can get started as soon as possible, with only a few phone taps.
Why Choose a Crypto Investment App?
Before jumping into which apps are worth your time, understanding why using a mobile crypto app could be great for beginners is important.
To start with, new users need simplicity.
Most beginner-focused crypto apps are designed with ease of use in mind. This means that you won’t need to learn complex trading strategies or decode endless charts to make a simple transaction.
These apps offer low barriers to entry, where newcomers do not need to invest thousands.
Many apps let their users start with as little as $5 or $10, making it possible for literally anyone to dip their toes into crypto waters.
These apps also offer 24/7 access and built-in education, where users can trade or check their portfolios at any time, from anywhere in the world
What’s more, users also get access to learning modules and even quizzes that teach the fundamentals of crypto investment.
Finally, beginners are some of the most vulnerable people to hacks within the crypto space.
These apps understand this and offer important features like two-factor authentication (2FA) and biometric logins for maximum protection.
Top Crypto Investment Apps for Beginners
So which apps are worth your time? Here are the five most trusted and beginner-friendly apps to consider for your crypto trading journey
1. Coinbase
Coinbase is often the first stop for new crypto investors. There is a good reason for this, as the app has a clean and easy-to-navigate interface.
These advantages make trading as simple as ordering a pizza. Moreover, transactions on Coinbase are simple, with crypto being bought or sold in mere seconds.
Coinbase even comes with educational tools and short lessons to help users learn and earn.
In terms of security, Coinbase comes through with two-factor authentication and vault options. It is also regulatory compliant to protect itself and its investors.
2. Robinhood
This app is also popular among investors who want to manage both stocks and crypto in one place.
It features commission-free trading, along with zero fees on crypto or stock trades.
Robinhood is an all-in-one platform with a modern and minimal design that is easy to use for any beginner.
The new Robinhood Wallet also allows users to control their crypto more easily and even transfer assets off the platform.
Note that while Robinhood supports the most popular coins, it has a more limited crypto selection compared to crypto-focused exchanges.
3. Kraken
This platform is one of the most reliable exchanges with strong security features and lower fees.
While Kraken offers advanced tools like other major platforms, beginners will also find it usable with its basic interface (which they can level up over time).
Kraken features low trading fees for its users, especially for higher volume trades. It also comes in with top-tier security, with cold storage and 2FA.
Unlike Robinhood, Kraken features dozens of popular and lesser-known coins, along with articles and tutorials for newcomers.
The Kraken Pro feature also comes with optional advanced tools for when newcomers feel ready to trade like pros.
4. Crypto.com
Crypto.com takes things a step further from basic trading with its mobile-first platform, which allows users to earn and invest in one place.
This platform offers hundreds of cryptocurrencies, along with a crypto-debit card for users who wish to spend their crypto in real-world stores.
Users can easily earn interest on their crypto by locking it up within the platform.
However, it is important to note that Crypto.com offers a lot of features, which can feel a bit overwhelming at first.
However, any beginner can quickly get the hang of it after some time.
5. Gemini
Newcomers looking for a secure platform that is also regulation-compliant will be pleased with Gemini.
This platform was founded in the US and follows strict legal standards.
This means that anyone enjoys peace of mind, especially for risk-averse investors.
The platform is based in New York and offers a clean interface that is easy to navigate for all experience levels.
The Gemini Earn feature allows users to make passive income with interest on their crypto holdings.
Like many other platforms, Gemini comes with advanced options that can be turned on and off, depending on experience level.
Like Coinbase, Gemini has educational resources to help any beginner get up to speed.
Tips for Beginners Before You Get Started
Before jumping in, it is important to note a few golden rules to protect your investments.
For starters, it is important to do your homework. Always research the coins you want to invest in, and know why they matter in the crypto space.
If you’re a beginner, remember to start small and only invest what you can afford to lose.
Don’t throw all your money into a single coin. Instead, spread them across several assets in a well-secured account/exchange with 2FA.
Keep in mind that different apps have different fees for trading and deposits.
Be aware of these differences before getting in on the action, and remember that the market can be volatile.
Don’t panic when prices start to swing, and consider using long-term strategies like dollar-cost averaging.
In summary, start small, keep learning and remember to protect your assets.
