Favorite Apps and Crypto Exchanges for Beginners in 2024

Uzone.id – If you’re interested in buying cryptocurrency, you need to open an account with a crypto exchange. According to Forbes, a cryptocurrency exchange works similarly to stock exchanges which helps the investors to buy and sell in digital currencies such as Bitcoin or Ethereum. 

These platforms work on digital marketplaces such as mobile apps or via desktop. It also provides an array of trading and investing tools to its users.

There are hundreds of crypto exchange apps available today, and choosing the best platform can be overwhelming.

But don’t worry, we have compiled a list of the best crypto exchange apps for 2024. These apps offer better security systems, user-friendly interfaces (best for beginners), a variety of crypto assets, and overall value. 

Here’s the complete list you can download on your device. 

Binance

Binance offers over 500 different cryptocurrencies, whether you’re trading well-known assets like Bitcoin and Ethereum or exploring the latest altcoins, this app has you covered.

The platform caters to both beginners and experienced traders with its easy-to-use interface and advanced trading features like futures and margin trading. 

Don’t worry about security, Binance has two-factor authentication (2FA) and cold storage for user funds, also the apps are secured by an extra layer of protection called Secure Asset Fund for Users (SAFU).

Coinbase

Coinbase is a great crypto app for beginners. It is often the first stop for new cryptocurrency investors. It’s not without reason, because Coinbase has a very beginner-friendly user interface with easy-to-use buy, sell, and manage cryptocurrencies

Coinbase also is one of the most secure exchanges, with 98% of funds stored offline and insurance for online assets, according to the official website.

Since Coinbase is aimed at beginners in the crypto world, there are many educational materials, including tutorials and articles, to help new users understand the crypto market. But, not as extensive as Binance, Coinbase offers a solid selection of popular cryptocurrencies.

Kraken

Kraken is a go-to exchange for more experienced traders, offering a range of advanced features and robust security measures. 

With over 50 cryptocurrencies available, Kraken offers a good mix of established coins and promising altcoins with competitive fees. Many features are available like margin trading, futures, and a variety of order types, catering to the needs of advanced traders.

And for security purposes, Kraken is known for its strong security protocols, including two-factor authentication and encrypted storage.

Gemini

Founded by the Winklevoss twins, Gemini is renowned for its security and regulatory compliance. It’s an excellent choice for those who prioritize security and a regulated trading environment.

Gemini is a fully regulated exchange based in the United States, providing users with a high level of trust and security. Also, Gemini employs stringent security measures, including hardware security keys and insurance on digital assets.

These apps have a user-friendly interface, making it suitable for both beginners and experienced traders like Coinbase. 

Gemini has features that allow users to earn interest on their crypto assets, it’s called Gemini Earn, which adds an extra incentive to keep assets on the platform.

KuCoin

KuCoin has rapidly gained popularity due to its extensive range of cryptocurrencies, including many lesser-known altcoins. These apps also have an innovative feature, and their user interface is very easy to use, even for those new to trading. 

KuCoin’s trading fees are highly competitive, making it an attractive option for active traders. Similar to Gemini, KuCoin offers users the chance to earn interest on their crypto assets through lending and staking.

Whether you’re a beginner looking for an easy-to-use platform, an advanced trader seeking sophisticated tools, or someone who prioritizes security and compliance, the list of top apps above can significantly impact your trading experience. 

From Binance, Coinbase, Kraken, Gemini, and KuCoin stand out as the best options, each catering to different needs and preferences.