When it comes to the term “Apps” in crypto it can be very ambiguous as there is a multitude of tools in the cryptocurrency ecosystem and industry.
For example, there are crypto wallets that are designed to keep your cryptocurrencies safe and secure as well as have a place for you to check your holdings and see their performance.
Then there are cryptocurrency exchanges where you can buy and sell cryptocurrencies.
There are also crypto portfolio trackers where you can set how much crypto you’ve currently got and when you bought it so it tracks in real-time how they’re performing. This is similar to the stats that you can get from your wallet, however, the portfolio trackers aren’t actually holding any of your cryptocurrencies on their server (generally speaking anyway).
Finally, there are cryptocurrency tools or websites that might help you make your crypto investing a lot easier. These are crypto scanners such as Cryptolume, or aggregation platforms such as CoinMarketCap.
All of these fit under the crypto applications umbrella as they all serve a purpose in the cryptocurrency ecosystem. Here we’ve reviewed some of the best crypto apps that you can use which have been dominating year on year.
Best Crypto Portfolio Trackers
Delta has both a website and an application that you can use to track your cryptocurrency holdings, it has a very simple and intuitive interface which makes it great for beginners. If you remember the old Blockfolio then this will definitely be quite similar for you.
The CoinStats app can track both your crypto and DeFi coins all in one place. You can also connect multiple wallets or exchanges to CoinStats which makes reading all of your cryptocurrencies very simple and easy from the one-stop-shop mobile app. Beware though, in order to utilize that feature there is a small monthly fee you need to pay.
CoinTracker is a one-stop-shop for cryptocurrency portfolio management. It has all the benefits you’ve come to expect from a portfolio tracker but where CoinTracker does things better is that they also provide you with tax details making it easier to handle your cryptocurrency tax obligations every year. This is more suited for the active trader that is living and breathing cryptocurrencies. It also comes with a fee that scales up depending on how many more specific tax features you need.
Best Crypto Exchanges
Coinbase has been around since 2012 and has been one of the most prominent figures in the cryptocurrency industry. They have great security and compliance and can cater to most customers from around the world. If you’re a beginner and just starting out to invest or get into cryptocurrency then Coinbase is a great option that provides a lot of security.
Binance is one of the most popular exchanges when it comes to pure trading volume and there aren’t any doubts as to why that is the case. They’ve been around a bit less than Coinbase, starting out in 2017 but have left a mark on the world and support quite a lot of cryptocurrency pairs. They also have a US-based version for compliance that doesn’t have as many coins as the original Binance but nonetheless provides the same great experience. Binance is a very fast exchange that can handle a lot of loads and also has great security.
Best Crypto Wallets
Coinbase, whilst a popular exchange, also has its hands in the industry by offering a completely versatile and easy-to-use crypto wallet where you can safely store your crypto. The private keys are stored on your device so it isn’t controlled centrally by Coinbase but you can use it to send and receive cryptocurrencies as well as see your holdings. Coinbase has great security and compliance and you can use it almost anywhere in the world. Its a great option for beginners and experts alike.
A cold wallet is a device that holds your cryptocurrencies but isn’t connected to the internet and is not prone to be hacked as easily or compromised.
Ledger has built a hardware wallet that is basically like a thumb drive. The ledger wallet has safety pins which you can set up however one drawback is that it has Bluetooth enabled so for the paranoid user this might be what costs them a sale.
Best Crypto Tools To Use
Crypto tools are anything that makes your life easier that doesn’t fall into the above categories such as aggregation tools, scanners, and whatnot.
CoinMarketCap has been around for as long as we can remember and is the bread and butter of most people that want a quick update on the cryptocurrency industry to see how Bitcoin and other cryptos are tracking financially.
CoinMarketCap endeavors to connect to every exchange, monitor their volume, sales, and activity, and aggregate this on a single platform so that the average user can see how much money is moving around in crypto.
They are definitely the largest and most comprehensive, think of them as the Wikipedia or Google of the cryptocurrency industry.
A crypto scanner is similar to a data aggregator like CoinMarketCap but a bit different. A crypto scanner connects to multiple exchanges of choice and feeds data relating to cryptocurrency and trading indicators.
With a crypto scanner you can easily see which cryptos are oversold, overbought, find MACD crossovers easily or see lower timeframes on volume/price movement which isn’t typically presented to you by any exchange (They tend to provide 24-hour changes)
So a crypto scanner in a nutshell is a quick and easy way to glance into the market and see which cryptocurrencies are worth trading. This can all be done quickly and easily during a cup of coffee instead of pulling up hundreds of charts trying to find the right entry point. Crypto scanners make your life easier by getting the information that you need from exchanges a lot faster.
As you can see, there are plenty of crypto apps that are being used daily in the industry. These are just the most popular ones that have been around for quite a while but doing a few searches on Google you will quickly see that there are many other options.
Make sure you do your research on each company and stay safe with your crypto.