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Compare the best Bitcoin apps
This guide explains the different apps out there and what you should look for in each one, whether you’re interested in trading, storing, or spending. You can use it to help you decide exactly what you want and find the best apps to download first.
What are the best Bitcoin apps?
What’s best depends on what you’re trying to do. You can buy, sell, and trade coins with an app, or you can use a wallet to store them securely. Here are a few top options you can trust whatever your goals are.
Top exchange apps for buying and selling Bitcoin
Exchanges are the best place to find cryptocurrency, they usually offer the best rates and the widest range of coins. There are centralised options – like Binance – or decentralised ones – like Uniswap – where you can buy Bitcoin, or use it to get other cryptocurrencies.
Top broker apps for trading Bitcoin
The best broker apps have a simple interface and make it easy to open and close trades. They give you a few different ways of trading and many offer demo accounts that you can practice with. Along with Bitcoin and other top cryptocurrencies, you can trade stocks on them too.
Top wallet apps for storing Bitcoin
A dedicated wallet is the best place to store your coins securely. The biggest decision you need to make is how much security you’re looking for. Some wallets are exclusively online, others can connect to your hardware wallet via bluetooth, keeping the coins safe from any connection to the internet. Look through these top options to find your favourite:
Top apps for spending Bitcoin
As cryptocurrency becomes more mainstream, there are apps that let you manage all your coins and currencies in one place. From these accounts you can store all your money and spend Bitcoin, along with many other digital currencies, without having to sell it to get fiat currency first.
What should I look for in a Bitcoin app?
This depends on what you plan to use it for, but some things are universal. You want an app that does what you want, when you want, and that you can trust to keep you safe. Here are a few features you should look for in particular.
Design and ease of use
You want an app that’s easy to use and understand, especially if you’re a beginner. This is especially true of broker or exchange apps that you plan to use regularly to buy and sell coins. Some offer a slimmed-down version with less features that can help you get started.
Reputation and regulation
You want to be sure that your money and data is safe when you use an app. Downloading popular ones from the Google Play store or the App Store can give you some peace of mind that these platforms are abiding by the rules.
Tools and charts
You want as much information as possible to help you. Look for apps that show you charts on its performance over time. If you’re planning to trade it quickly, you can use these charts to perform analysis and decide the best time to get into the market.
Fees and commissions
Make sure you know how much each platform is going to charge you for using it. Downloading the apps themselves might be free, but there are still likely to be fees when it comes to using them. Trading fees are a big one to look out for, especially with brokers, while some exchanges charge steep withdrawal fees.
An app’s security is all about how it’s going to protect your money. Be wary of those that have experienced hacks in the past and do your research before you sign up to anything. We’ve reviewed lots of platforms to make sure they can be trusted and you can use this feedback to help you.
The best apps offer more than the basics and have features that can make your life easier. Some other things to look out for are beginner accounts, where you can trade without putting your money at risk, a wider range of coins if you want to get other cryptocurrencies as well, and trackers and alerts that can help you keep track of your portfolio.
Quick answers to key questions
Can I use Bitcoin apps on Android and iOS devices?
Yes. Most are available on both operating systems, although you might find one or two are exclusive to only one.
How much do Bitcoin apps cost?
It depends on the exact service you’re using. They are usually free to download, and wallet apps are often completely free to use. Apps that let you spend money on buying, selling, or trading Bitcoin, meanwhile, usually charge you for depositing money and then a commission of around 1-2% (we have seen up to 5%, but this is rare) on each trade.
Do I have to verify my identity?
It varies across platforms. If you’re using an app to buy or trade Bitcoin, then you normally do need to do some kind of verification check. This isn’t always the case, as some are happy for you to start trading straight away, but it’s best to be prepared. Usually, a copy of your photo ID is enough but even this can vary.
Are Bitcoin apps the same as Bitcoin wallets?
No. They can be wallets but not all of them are. They have many different functions, along with wallets there are brokers, exchanges, and ones for spending coins, while some have a combination of all these features. If you’re looking for a wallet, choose from our list of the top options.
Should I use a Bitcoin app?
It’s up to you but if you want the flexibility and freedom an app provides, then yes. Some things to think about are whether you’re going to be managing your coins on the go, and whether using your phone is more convenient than a laptop.
We’ve put together some of the pros and cons of using an app to help you make a decision. After that you’ll find a couple of final pieces of advice to help you and the answers to some of the most common questions.
- Manage your coins from anywhere, at home or on the go
- You can choose the one that best suits your needs and mix and match to get the best experience
- They are designed to be intuitive and easy to use
Should I buy BTC with an app now?
This one is up to you. It’s easy to buy and store coins on an app and it means you can react a lot quicker to new developments if you can do it from anywhere. Remember that buying Bitcoin is just one feature of an app, you might want to store your coins in a different one and use yet another one to spend them. If you are looking to buy now, use our latest news and analysis to help you time your move:
Bitcoin price analysis for May
Bitcoin (BTC) price analysis for 2021 as crypto adoption ramps up
Bitcoin (BTC) price analysis as Central Bank of Turkey bans crypto payments
Where can I learn more about Bitcoin?
Invezz is a great place to start. We don’t like to brag but we have loads of useful info that can help you get to grips with crypto. If Bitcoin is your thing, check out our guide to how it works, or if you want to delve into altcoins we’ve got you covered there too. To help you stay on top of it all in the fast-moving world of cryptocurrency, head over to the latest news.
Yes. There’s no limit to the number of apps you can use. In fact, it’s often a good idea to spread your coins around so you aren’t reliant on one app alone. You can use a few different exchanges to get the best value and then transfer your coins to a wallet to keep them safe.
Yes, although it’s always wise to check and make sure this applies to where you live. In most places apps are perfectly legal.
It depends. The only restrictions you might find are if your country has specific limits on internet usage. Otherwise you can download whatever you want, whenever you want so long as it’s listed on an app store.
Yes. The only restrictions are based on the operating system, occasionally apps are exclusive to Android or iPhone, for example, and you can only use them on specific phones.
Generally, you won’t have to pay to download them. You might find you have to pay for certain actions, particularly when you use a broker as they often charge for deposits, withdrawals, and trading.
It depends on the service you’re using. Exchanges and wallets tend not to charge fees, brokers usually do (although not all of them). There won’t be any additional fees for using an app versus using your broker account on a computer.
Mostly, yes. There are years of development experience behind modern apps and they are protected against most threats.
To some extent. There are some rules in place to prevent obvious money laundering but cryptocurrency is largely unregulated and you have very little protection if you get hacked or your coins get stolen. It’s good to be careful, but when hacks have happened it’s usually only been the biggest accounts affected, so it’s unlikely to affect you.
It depends where you live. Cryptocurrency is often taxed in the same way as stocks so if you sell it you owe tax on the profit you make, known as a capital gains tax. The exact rules around capital gains vary by location – for example in the UK each person has an allowance of £12,300 and only has to pay tax on gains above that amount. Check the laws in your country before you start. If you’re in the UK, use the government website to help you.
Yes, usually. You might find there are more features available if you log in on a web browser than on the app, but you should be able to switch seamlessly between the two on the same account. Indeed, that’s one of the advantages of using an app.
Any app worth using will let you reset your password. If you have access to the email account and phone number you used to sign up, it shouldn’t be a problem. Be aware that you might need to re verify the account with your photo ID.
No. As long as you don’t delete your account, your money should be safe. Of course if you do want to delete your account, remember to withdraw your money first.
There’s always risk to putting your money at stake but as long as you’ve followed the advice in this guide and done your own research, the risks are no greater than any other financial services app, like the app you use to access your bank account.
It depends on the app. PayPal is becoming an accepted method of payment on many apps and can even be used to store Bitcoin now. That said, you should check this before you sign up.
Fact-checking & references
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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