Cryptocurrency is the future and its time to get in on it. It has exploded in popularity, largely due to the rise in value and popularity of cryptocurrencies themselves. And while it can be intimidating at first, and although scams have occurred and continue to happen, today’s best crypto apps, exchanges and platforms make buying and selling crypto simpler and clearer than it has been before. Plus this is a legitimate way to invest and make money using your phone whether your on IOS or android. So let’s get right into our top 5 picks.
Uphold is a crypto trading platform that allows a trader to buy, store, and even convert assets. It’s one of the best trading platforms as it also allows traders to trade more than one asset. Uphold is beginner-friendly and is easy for new users to operate and navigate easily. You can get started on Uphold here.
- It allows traders to send assets instantly to others
- It allows for the trading of numerous assets
- Free to send money to friends
- Fewer educational resources compared to other platforms
Robinhood is one of the platforms that attract people because it is very easy to use and beginner friendly. Robinhood, a US-based wallet was founded in 2013. Robinhood is a platform that requires zero balance to open accounts, and it has no minimum deposit. Though it has limited educational materials. You can get started on Robinhood here.
- Very user-friendly
- No minimums to get started
- No trading fees
- Coin selection could be bigger
3. Binance US
Binance US is one of the best crypto exchanges, it offers more currencies beyond mainly digital coins and also offers lower trading fees compared to other providers. If you are looking for a lower fee crypto exchange then binance is for you. You can get started on Binance US here.
- Large amount of coins for trading
- Low trading fees
- Fast transaction times
- User friendly for both app and desktop
- Not available in all states
Okay. The next one here is probably the most familiar to everyone Coinbase. As far as user friendliness, Coinbase is very good. The thing I don’t like about Coinbase is the fees are a little bit higher. You’re looking at 0.5 to 1.5%. However, it’s great for beginners especially if this is your first rodeo with cryptocurrency. You can get started on Coinbase here.
- It has a large range of cryptocurrencies
- One of the best platforms with good educational materials
- It is simple and easy to use when compared to other platforms
- Higher transaction fee than other exchange platforms
Okay. Let’s say that you’re making a little bit money in cryptocurrency or maybe you don’t want to trade a whole lot, BlockFi is a good option. So BlockFi is basically an interest earning account for cryptocurrency. For example, if you buy into Bitcoin, Ethereum, Chainlink, you can get paid interest every single month. Now, obviously this is something you need to put a decent amount of money into to make anything significant, but it’s still fun to see these payments pop up in your account every single month. And if you’re not somebody who trades a lot, then I would recommend checking out BlockFi. You can get started on BlockFi here.
- There is no minimum deposit
- BlockFi is available all over the world
- Allows you to earn passive income
- Smaller coin selection available
What Coins Should You Buy?
Okay. Now, I want to go over five coins I would recommend getting into. Just remember this isn’t financial advice guys, but if you don’t know where to start, I’m going to help you out.
SushiSwap is a software running on Ethereum that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets.
Similar to platforms like Uniswap and Balancer, SushiSwap uses a collection of liquidity pools to achieve this goal. Users first lock up assets into smart contracts, and traders then buy and sell cryptocurrencies from those pools, swapping out one token for another.
Enjin is a software that gives developers the ability to create and manage virtual goods on the Ethereum blockchain. The idea is that by using blockchain technology to manage in-game items across many different properties. Toward that goal, Enjin has released software development kits (SDKs) allowing users to both create digital assets on Ethereum and integrate them into games and apps.
3. Basic Attention Token
Basic Attention Token (BAT) is a cryptocurrency intending to create a virtuous cycle around digital advertising that is equitable for creators and consumers. Running on Ethereum (ETH) and integrated natively on a custom web browser called Brave, BAT can be exchanged between advertisers, publishers and internet users based on their web activity, and is intended to streamline commerce between all three groups.
Decentraland is a software running on Ethereum that seeks to incentivize a global network of users to operate a shared virtual world. Decentraland users can buy and sell digital real estate, while exploring, interacting and playing games within this virtual world. Over time, the platform has evolved to implement interactive apps, in-world payments and peer-to-peer communication for users.
XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.