If you are searching for the best cryptocurrency trading apps in the US, look no further. Our ultimate guide lists the top 5 that have been reviewed and approved by our professional researchers – who are all active traders. We also discuss the features to look at when choosing a suitable cryptocurrency trading app in the US.
So, sit tight and let’s get right to it.
In this guide
Best Crypto Trading Apps in the US
- Compare Best Crypto Trading Apps in the US of 2022
- How to Choose the Best Cryptocurrency App in the US
How we test?
OnlineTrading aims to provide quality, simple, and proven information to its readers. Our team of financial experts carefully checks every detail to provide a unique and comprehensive guide to safe trading around the world.
Feedback from regular users is very important to us, so we try to consider the opinions of reviews and feedbacks from several trusted platforms. We spend about 100 – 250 hours analysing and collecting information on each trading platform to ensure our recommendations are reliable.
Naturally, we always remain impartial, honest and recommend only licensed and reliable brokers.
Compare Best Crypto Trading Apps in the US of 2022
Before we begin to review the best cryptocurrency trading apps in the US, it is important that you understand how we conducted the research for the apps. Keep in mind that we didn’t randomly choose these apps based on other recommendations but did multiple tests and comparisons.
Our unique research procedure started with us signing up for risk-free demo accounts on various crypto trading apps in the US. Of course, this was after we had downloaded and installed the apps on our mobile devices. Then, we reviewed and compared the apps’ features, including platform performance, trading securities, commissions and spreads, customer service, and more.
We also visited Google Play, the App Store, and Trustpilot to see what other traders had to say about their experience with the cryptocurrency trading apps in the US. Over 160k honest comments and ratings were sampled by our team and the findings combined with test review results to have the below recommendations.
Here is how we ranked the best cryptocurrency trading apps in the US based on our research.
1. eToro – Overall Best Crypto Trading App in the US
eToro’s app offers over 35 cryptocurrencies, giving you plenty of options to choose from. Its user-friendly platform is one of the elements that impressed us, and if you are just getting started trading cryptocurrencies, eToro is a viable option. There is also a funded demo account to test it and practise trading the cryptos before investing real money.
Getting started at eToro requires a trading account, which you can create within minutes. Your first deposit should be at least $50 before gaining access to the crypto markets it hosts. On top of it, the app hosts a cryptocurrency wallet that you can use to receive, store, and transfer your cryptocurrencies.
eToro is also a leading social and copy trading cryptocurrency app. Choosing it gives you the opportunity to socialise with other cryptocurrency traders on a global scale. You can share trading ideas on a chat group and follow the experienced ones who interest you. This is so that in case they open a position with high-profit potential, it will be easier for you to mirror those positions and increase your chances of making profits.
- A wide array of cryptocurrencies offered
- User-friendly and customisable platform
- Low first minimum deposit requirement
- Withdrawal of funds attracts charges
- High cryptocurrency trading costs
2. Robinhood – Best Crypto Trading App for Android
Robinhood is a mobile-only cryptocurrency app, meaning it doesn’t have a desktop version. Based in the US, the app offers a unique platform that makes cryptocurrency trading a lot easier, especially for Android users. You can download it from the Google Play Store and create a trading account. Naturally, it’s also available in the App Store for iOS.
Robinhood offers free services for cryptocurrency trading. There is no account minimum deposit nor trading charges. Inactivity fee also does not apply, and all transactions are made for free as well. The only source of income for this cryptocurrency app is interest from margin lending and customers’ funds. This allows even the low-budget cryptocurrency traders to try it.
Unfortunately, Robinhood doesn’t have a demo account, and its learning resources are also limited. It also lacks some of the advanced features and platforms for advanced traders. However, it is a safe app for cryptocurrency trading since it is highly encrypted and has a two-step login procedure on its Android version.
- Free cryptocurrency trading services – no commission, spread or any other trading charges
- A unique and user-friendly platform
- Excellent reviews, especially from Android users
- Only mobile trading allowed – no desktop version
- Limited product offerings
3. Interactive Brokers – Best Crypto Trading App for iPhone/iPad
Interactive Brokers (IBKR) is highly reputable not only in the US but globally. This cryptocurrency trading app has impeccable features to suit all types of traders, whether newbies or experts. For instance, the app’s platform is easy to navigate and executes trades fast, especially on iOS devices.
This cryptocurrency app offers cheap trading services from low trading fees to no transaction charges for deposits and withdrawals. There is also no minimum deposit required once you sign up for a trading account. It is among the cheapest cryptocurrency apps that iOS users prefer in the US.
We were also impressed by IBKR’s wide selection of assets. Learning resources are also plenty and of excellent quality to help newbies quickly boost their skills. In addition, you can customise the app to suit your needs. With high ratings on the App Store, there is no reason why you shouldn’t give this cryptocurrency app a try.
- Solid research and learning tools to improve your experience
- Low cryptocurrency trading charges
- No first minimum deposit requirement
- A challenging cryptocurrency platform to navigate
- Customer service functions only five days a week
4. TradeStation – Cheapest Crypto Trading App in the US
TradeStation is a US-based cryptocurrency app with a stable and reliable platform to benefit all types of traders. It hosts a wide variety of trading tools, including technical indicators, charting packages, third-party add ons, and more. Its cryptocurrency trading charges are competitive, which is clearly displayed on its fee structure.
No minimum deposit is required after signing up for a trading account, and non-trading costs are also low. These charges are what led us to conclude that it is the cheapest cryptocurrency app in the US.
TradeStation allows you to customise your trading interface. The availability of cryptocurrency assets is limited to Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USD Coin. If you are a newbie, you can start by signing up for a simulated account and build your skills before trying your luck in the real cryptocurrency market.
- No minimum deposit requirement
- Low cryptocurrency charges
- Quality research tools for both newbies and expert cryptocurrency traders
- The support service is active during weekdays only
- Its sophisticated TSCrypto platform can intimidate newbies
5. TD Ameritrade – The Safest Crypto Trading App in the US
Although all of the above cryptocurrency apps in the US are safe for your investments, TD Ameritrade excels in this category because of its spotless global reputation. It is also the biggest US-based cryptocurrency app and hosts innovative Thinkorswim platforms, which have won multiple awards throughout the years.
There are top-tier trading tools you will access at TD Ameritrade to analyse and develop strategies. Orders are also executed at a high speed, making it easier for you to manage your positions. What’s more, the app is secured with a two-step login procedure and offers a high level of investor protection.
Besides being the safest in the US market, TD Ameritrade does not charge commissions for cryptocurrency trading. Spreads are also low, allowing budget-conscious traders to benefit from its world-class platforms and trading tools. Interestingly, this app keeps improving its features, and you do not want to miss out on the best.
- Thinkorswim platforms with advanced features
- Fully licensed and regulated in the US, proving its credibility
- Low trading and non-trading costs
- Limited cryptocurrencies offered
- Its sophisticated platform can be too challenging for newbies to use
How to Choose the Best Cryptocurrency App in the US
The best cryptocurrency app in the US will ease your trading experience and maximise your potential. For this reason, you should always prioritise your trading needs when choosing one. We have recommended the best cryptocurrency apps in the US above. However, if you decide to go a different route and research the apps yourself, ensure you consider the elements below.
The first thing you should do before reviewing the features of cryptocurrency apps in the US is to confirm whether licensed and regulated brokers host them. In the US, the National Futures Association (NFA) and the Commodities Futures Trading Commission (CFTC) are the regulatory authorities overseeing brokers’ activities.
Note that brokers with no licenses are not legally operating in the US. So, keep off from unregulated cryptocurrency apps if you do not want to have an encounter with the law or fall victim to fraudsters.
The best cryptocurrency app in the US should have a platform that aligns with your experience level. Therefore, if a cryptocurrency app has a selection of platforms, ensure you examine them to identify a suitable one for you.
In addition, orders need to be executed fast for you to never miss any arising opportunities that may earn you profits. Other elements to confirm in a cryptocurrency app’s platform are research tools, learning resources, and a demo account.
Confirm if the platform of a cryptocurrency app offers the securities you plan to trade. Also, consider an app with vast offerings of assets. This is so that in case your preference changes in the future, you will not have to find another app. You can also decide to diversify your portfolio and maximise your profit potential.
While you may want to overlook this element, it is very crucial in planning your schedule. You see, some of the best cryptocurrency apps in the US have customer services operating 24/7 while others only five days a week. Understanding the availability of a cryptocurrency app’s customer service will help you know when to contact them in case you encounter trading issues. Additionally, consider the one with a convenient communication channel, whether email, phone or live chat.
We understand that the best cryptocurrency trading app in the US is a personal choice. However, getting to know other traders’ opinions about their experiences with the app will give you an insight of whether to trade with them or not. So, visit the App Store, Google Play, and Trustpilot to sample the honest comments and reviews before making a decision.
Yes. Cryptocurrency trading can be profitable if you apply the right strategy. For this reason, we advise you to start by learning the cryptocurrency markets before you venture into the activity. Also, choose the best cryptocurrency broker that is not only licensed and regulated by a tier-one authority but offers tools that will boost your experience.
A cryptocurrency exchange offers different types of cryptocurrencies that are available for purchase or sale. It also shows the current market prices of these assets. For you to access a cryptocurrency exchange, you need the best broker that acts as an intermediary.
Absolutely. You can trade cryptocurrency in the US using a licensed and regulated broker. However, identifying the best cryptocurrency broker in the US is a challenge that most traders go through. That is why we recommend the best above that will increase your profit potential.
Trading cryptocurrency in the US requires access to a cryptocurrency exchange. You can do so through a broker that is licensed and regulated by the National Futures Association (NFA) or the Commodities Futures Trading Commission (CFTC). Investing with such brokers is legal and guarantees the best trading conditions.
Yes. You can use Coinbase to buy and sell cryptocurrencies in the USA. Simply sign up for an account to manage your activities easily and securely.
Visit the crypto exchange and sign in. You will then click the balance button, after which you will select the cryptocurrency to withdraw. Once you add your withdrawal address, confirm your withdrawal.
With the US stable economy, it comes as no surprise that cryptocurrency trading has become a popular venture in the region. As a result, traders are finding means to maximise their chances of making profits, which can be easily done if you have the resources to effectively monitor your activities.
Above, we have listed the best cryptocurrency apps in the US that will help increase your potential, especially if you are always on the move. The best thing about our referenced cryptocurrencies apps is that you are guaranteed a safe trading environment and excellent trading resources.