Top cryptocurrency applications recommended for beginners in 2024

Uncover some of the top cryptocurrency applications suitable for beginners, including Binance, Bybit, eToro, Coinbase, and Kraken.
Selecting the right platform to kick off your journey into the digital asset realm is crucial when it comes to crypto. Newcomers frequently ponder the question, “What are the best cryptocurrency apps for beginners?”
This piece aims to provide insight into this matter by exploring some of the finest beginner-friendly crypto apps available in the market. These platforms not only offer user-friendly interfaces and low fees but also prioritize robust security measures to ensure a seamless and secure trading experience for novice crypto enthusiasts.
List of Contents
Binance
ByBit
eToro
Coinbase
Kraken
Comparison of the top crypto investment apps for beginners
Key features to consider in crypto apps
Binance


Binance app interface | Source: Binance.com
Our quest for the best cryptocurrency apps for beginners kicks off with Binance. This crypto trading platform holds the title of being the largest in terms of trading volume. Recent data from CoinMarketCap also confirms that Binance attracts the highest average number of weekly visitors.
According to a recent report by Coingecko, in March, Binance dominated the market activity share among centralized exchanges with a whopping 49.7% share and spot trading volumes exceeding $1.1 trillion within the month.
The platform boasts an app accessible on both Android and iOS devices, catering to users across most countries globally.
However, regulatory challenges have led to the suspension of services in Canada and the UK by the company. Its American subsidiary, Binance. U.S., offers a more limited selection of cryptocurrencies for trading compared to the international version.
Binance features a relatively user-friendly interface, a section called “Binance Square” designed for beginners to educate themselves about crypto, and a pro version for traders well-versed in the market. Users are required to undergo a know your customer (KYC) verification process to utilize the crypto exchange. Additionally, a two-factor authentication security measure (2FA) is implemented to safeguard funds.
Exchange rates and fees on Binance start as low as 0.1% for spot transactions. Moreover, users can swap between over 500 cryptocurrencies at no cost.
The platform also offers promotions where investors can trade Bitcoin (BTC) without fees. New users are eligible for trading rebate fee vouchers to reduce trading costs.
Pros
Access to over 500 crypto tokens
Free token swapping
Low spot trading fees
Robust NFT marketplace
Copy trading
Support for margin and futures trading
Cons
Restricted in certain regions
ByBit
ByBit stands out as another excellent crypto trading app suitable for beginners. The platform provides various trading options and around 150 derivatives contracts. Coingecko statistics reveal that ByBit supports over 460 coins and 551 trading pairs, with 24-hour trading volumes reaching as high as $3.2 trillion.
Bybit app interface | Source: Bybit.com
The exchange charges fees as low as 0.1% for spot trades, and even lower for higher VIP levels, which increase as users engage in continuous trading on ByBit.
While ByBit implements KYC, it is not mandatory and depends on the features a user wishes to access and their jurisdiction. Similar to Binance, ByBit utilizes 2FA for its clients.
The app’s user interface is relatively easy to navigate for beginners looking to acquaint themselves with crypto trading. ByBit also offers features like buying and selling crypto through specific decentralized finance (DeFi) activities such as crypto mining and yield farming, among others.
Additionally, it supports copy trading, a valuable tool for beginners, allowing investors to mimic the trading strategies of expert traders.
The crypto trading app provides several methods for depositing fiat and crypto, including wallet transfers, inter-exchange transfers, fiat gateway services, payment cards, and OTC trading services for users looking to deposit significant amounts of fiat and crypto.
Pros
Learning platform for beginners
Support on both iOS and Android
Ability to trade selected coins and earn APY
Built-in wallet and NFT backup available
Cons
User experience may be challenging for beginners
Restricted in certain regions
eToro
eToro is another noteworthy trading app for beginners, offering an investor-friendly interface and a range of high-quality trading options. It is well-suited for social trading and serves as a traditional finance trading app for those interested in stocks, shares, exchange-traded funds (ETFs), and bond markets.
eToro app interface | Source: eToro.com
Available on Android and iOS devices, the eToro app is designed to minimize confusion. It features tabs for checking portfolios, exploring new investments, and a graph to track market trends.
The platform also includes a separate app called eToro Money, exclusively available on mobile, offering instant deposits and withdrawals with no FX fees on all deposits.
According to Coingecko, the crypto trading platform presents investors with over 100 crypto and NFT assets as investment options. Similar to Binance, eToro features an “education” tab to educate newcomers about the crypto industry.
Trading fees on the platform amount to about 1% for listed assets and 2% on withdrawals from in-app investment platforms back to the eToro wallet. Like ByBit, eToro enables novice traders to follow expert trading trends through copy trading.
To comply with regulatory requirements and enhance security, eToro users must undergo KYC procedures. 2FA security measures are also in place to protect user funds.
eToro offers users various methods to deposit fiat and crypto, including bank transfers, debit and credit cards, online payment platforms like PayPal, and direct crypto deposits to the eToro wallet.
Pros
Over 3,000 investable traditional assets and 100+ crypto and NFT assets
1% fee for crypto purchases
Copy trading feature
User-friendly interface
Impressive mobile interface
Social and investor-centric approach
Cons
Limited technical analysis tools for intra-day crypto traders
Restricted staking options (Only offers staking for Tron and Cardano)
A 10% fee is charged for dormant accounts with no logins in 12 months
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Coinbase
Coinbase caters to altcoin traders seeking extensive fiat currency support. The platform offers various features suitable for traders at all experience levels, with a beginner-friendly interface and educational materials for new crypto investors. Notably, Coinbase allows learners to earn free crypto by participating in online courses and gaining familiarity with blockchain technology.
Coinbase app interface | Source: Coinbase.com
The crypto trading platform boasts over 240 cryptocurrencies, including popular choices like Bitcoin, Ethereum (ETH), and Dogecoin (DOGE). Trading fees on the platform range from approximately 0.5% to 4.5% for spot trades, depending on the transaction amount. Coinbase also provides a reliable crypto wallet for beginners.
To access the app’s services, users must undergo KYC verification, providing personal information such as full names and government-issued IDs or passports. Similar to other leading crypto apps, Coinbase implements 2FA security measures.
Various payment methods are accepted on the crypto trading app for purchasing cryptocurrencies, including PayPal (available in the U.S. only), bank account transfers (also limited to the U.S.), and credit/debit card deposits.
Pros
Publicly listed on U.S. stock exchanges
Separate apps for crypto purchasing and trading
Earn crypto by taking learning courses
Cons
Additional spot trading fees
Limited trading features for professional investors
Kraken
Kraken supports trading on over 230 cryptocurrencies, including popular options like Bitcoin and Ethereum, as well as DeFi coins such as Uniswap (UNI) and Chainlink (CHAIN). Through the Kraken app, investors can conduct fast and free transactions directly from the application, avoiding extra fees for regular transfers. Spot trading fees within the app range from 0-0.26% for listed coins.
Kraken app interface | Source: Kraken.com
Similar to other renowned crypto exchanges, Kraken implements KYC procedures to comply with regulatory standards and ensure security across its platform. The platform also offers 2FA for users to safeguard their funds.
Kraken provides round-the-clock customer support and ample educational materials for new investors to familiarize themselves with the platform.
Pros
Fast and free transactions
24/7 customer support
Transparent fund evidence
Rich learning resources
Cons
Limited cryptocurrency options compared to other trading platforms
Comparison of the top crypto investment apps for beginners
Crypto App
Listed Tokens
Spot Trading Fees
Number of Countries Accepted
Android and iOS Support
KYC
Binance
500+
0.1%
180+
Both
Yes
Bybit
460+
0.1%
Undisclosed
Both
Yes, but not for all features
eToro
100+
1%
140+
Both
Yes
Coinbase
240+
0.5- 4.5%
100+
Both
Yes
Kraken
230+
0–0.26%
190+
Both
Yes
Key features to consider in crypto apps
When selecting a crypto app as a new investor, certain criteria should not be compromised, as a simple mistake in the crypto realm can result in significant losses.
Here are some factors to keep in mind when searching for the best app to purchase crypto for beginners.
Security
The crypto industry poses numerous risks for beginners due to its increasing popularity and widespread adoption. It is crucial to choose a platform that offers multiple security measures, such as 2FA, and adheres to regulatory requirements to safeguard your investments. It is not advisable to invest through platforms that lack robust security features.
Number of coins listed
Good crypto trading apps for beginners should offer a diverse selection of coins. However, it is essential to research and ensure that the cryptocurrencies available are legal in your region before engaging in any transactions.
Ease of use
The convenience of an app largely depends on its user-friendly interface, especially for beginners. Since crypto can be complex, it is essential to opt for an app with an intuitive interface to avoid complicating things for newcomers.
Effective support
A quality crypto investment app should provide round-the-clock support to assist users with any issues they encounter. Beginners require a responsive customer service team to address various queries, such as depositing or withdrawing funds. Opting for an app with excellent support is always a wise choice.