It is no longer possible to imagine everyday life without the smartphone. Appointments, emails and even online banking are an integral part of every smartphone. Surely it must also be possible to buy cryptocurrencies via an app?
It is! In this article, I will introduce you to 7 apps for buying cryptocurrencies and evaluate the respective providers.
The Best Crypto Apps in comparison
eToro is an international broker with licences in various jurisdictions worldwide. It also has a licence from CySEC, which allows the provider to be active in Europe and offer cryptocurrencies.
Overall, the cryptocurrency exchange was able to convince across the board and the experiences are also largely positive.
All important deposit options are available, users can buy and sell real cryptocurrencies via app and the fees are not excessive.
The best thing, however, is that the platform is very beginner-friendly and there is an internal Bitcoin wallet. This means you no longer have to worry about a complicated wallet – your smartphone is perfectly sufficient! For us, eToro is the clear test winner of the crypto apps.
In second place is the CFD broker Plus500. It offers an app for iOS, Android and Windows smartphones. This makes it the only broker for Windows Phones.
Plus500 Limited is headquartered in Israel and has been active since 2008.
All client funds are held in a separate client account in accordance with the rules of the CySEC (Cyprus Securities and Exchange Commissions) for client funds.
In third place and thus just behind Plus500 is the CFD provider Capital.com.
The relatively young provider offers a variety of financial instruments for trading with leverage.
Like eToro and Plus500, Capital.com also has a licence from CySEC and is regulated by it.
I especially like the possibility to trade a variety of values and the user interface.
In fourth place is the Bison App – powered by Börse Stuttgart. This has a licence from the Federal Financial Supervisory Authority (BaFin).
EUWAX Aktiengesellschaft is behind the company.
The Bison app is now available as an app but also as a desktop version. The only drawback is that there is currently only one option for depositing money with the app. And SEPA transfers can take up to three working days.
On par with the Bison app is Bitpanda, a crypto exchange from Austria.
This has a very clear structure and a user-friendly interface.
Meanwhile, the company Bitpanda GmbH has integrated a variety of cryptocurrencies as well as several payment methods.
Unfortunately, the fees are 1.49 per cent for buying and selling bitcoin. With the first place, you pay just under half and thus receive more Bitcoins.
Binance is one of the largest crypto exchanges worldwide.
Initially, the platform was only available for desktop. Apps for Android and iOS were soon to follow.
However, the exchange’s app is only in sixth place. There are several reasons for this.
On the one hand, the interface is not particularly clear for newcomers and could cause confusion with the first purchase. Secondly, there is only one deposit option so far.
One notices that the exchange was and partly still is exclusively designed for crypto-to-crypto trading.
Coinbase is a large platform for cryptocurrencies based in San Francisco. We are repeatedly asked whether Coinbase is even legal in Germany.
It is, but it lacks a licence from BaFin. The exchange is working on obtaining it.
Coinbase receives the worse rating for various reasons.
The support is only available in English, the fees are much too high compared to the first place and the regulation is missing in Germany.