8 Best Place & Apps to Buy Crypto for Beginners

8 Best Place & Apps to Buy Crypto for Beginners

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Written by:

Mar 14, 2024

Mar 14, 2024

8 Best Place & Apps to Buy Crypto for Beginners
8 Best Place & Apps to Buy Crypto for Beginners
8 Best Place & Apps to Buy Crypto for Beginners

Venturing into the world of cryptocurrency can feel daunting for beginners. With a myriad of platforms out there, choosing the right one is crucial. This article aims to simplify your decision-making process by outlining the 8 best places to buy crypto as a novice investor. We'll delve into their pros, cons, and app reviews to give you a clear picture.

1. eToro

eToro wants to make crypto feel like a team sport. It's a great place to start because you're not just buying coins; you're plugging into a whole community. You can check out what more experienced traders are doing, ask questions, and even mirror their moves if you find someone whose strategy clicks with you. Plus, it's easy to use, and they've got a good range of crypto to explore.

  • Pros: Social trading features, user-friendly interface, wide range of cryptocurrencies

  • Cons: Relatively higher fees compared to some competitors

  • App Review: Highly rated for ease of use and educational resources

2. Coinbase

Coinbase is like the old reliable friend of crypto. It's where a ton of people begin because it's straightforward and secure. You won't get lost in complicated stuff here, which is ideal when you're still finding your footing.

  • Pros: Simple interface, strong reputation, good selection of cryptocurrencies

  • Cons: Fees can add up, limited features for advanced traders

  • App Review: Praised for beginner-friendliness, but criticized for occasional glitches

3. Binance

Binance is the ultimate crypto marketplace. They've got the most coins, low fees, and a ton of fancy tools that more experienced traders love. Sure, it's a lot to take in as a beginner, but once you get the hang of things, Binance is where you go for maximum choice.

  • Pros: Largest crypto exchange by volume, low fees, extensive range of cryptocurrencies and trading features

  • Cons: Can be overwhelming for beginners, customer support can be slow

  • App Review: Mixed reviews; praised for functionality but criticized for its complex interface

4. Kraken

Kraken is all about keeping your crypto secure. If losing sleep over your investment isn't your vibe, Kraken has your back. They're serious about security, and while it might take a little extra effort to get used to, they're a top choice for those who want that extra peace of mind.

  • Pros: Strong security focus, good for margin trading, suitable for intermediate traders

  • Cons: Limited crypto selection compared to others, not the most beginner-friendly layout

  • App Review: Generally positive, with users appreciating its security and reliability

5. Crypto.com

Crypto.com has a little bit of everything –  think crypto debit cards, NFTs, ways to earn extra crypto... It's definitely worth checking out,  just be prepared to spend some time figuring out their fees and getting used to all the features.

  • Pros: Offers crypto debit cards, NFT marketplace, good staking rewards

  • Cons: Fees can be confusing, the app can feel cluttered

  • App Review: Users like the features, but some find navigation difficult

6. Gemini

Gemini wants crypto to feel safe and simple.  They're regulated, which is a plus for a lot of people, and the platform is easy to figure out.  You can even earn a little interest on your coins! Maybe they don't have every single altcoin out there, but they're solid for getting started.

  • Pros: Regulated and secure, easy-to-use interface, offers interest on crypto holdings

  • Cons: Smaller selection of cryptocurrencies, higher fees than some exchanges

  • App Review: Well-regarded for security and straightforward experience

7. Robinhood

Robinhood is known for being dead simple (and no fees!), and that includes crypto too. The catch? You don't really own your crypto there – no wallets, no sending coins around. It's okay for dipping your toes in, but limits what you can actually do with your crypto.

  • Pros: Simple interface, commission-free trading, offers stocks as well as crypto

  • Cons: Very limited crypto selection, no control over crypto wallet keys

  • App Review: Popular for its simplicity, but criticized for lack of crypto ownership features

8. Webull

Webull lets you do both stocks and crypto, which is kinda cool if you're into both. It's easy to manage everything, and they've got neat charts if you like that technical analysis stuff.  The only bummer is they don't have a huge list of cryptocurrencies to choose from.

  • Pros: Provides stock and crypto trading, user-friendly platform, good charting tools

  • Cons: Limited crypto selection, withdrawal fees can be higher

  • App Review: Positive for its integrated stock and crypto trading experience

Conclusion

Choosing the right exchange is your first big step in the world of crypto. It's exciting, but take your time and pick a platform that feels right for you. Remember, start small, learn as you go, and most importantly, have fun exploring this dynamic space.

Venturing into the world of cryptocurrency can feel daunting for beginners. With a myriad of platforms out there, choosing the right one is crucial. This article aims to simplify your decision-making process by outlining the 8 best places to buy crypto as a novice investor. We'll delve into their pros, cons, and app reviews to give you a clear picture.

1. eToro

eToro wants to make crypto feel like a team sport. It's a great place to start because you're not just buying coins; you're plugging into a whole community. You can check out what more experienced traders are doing, ask questions, and even mirror their moves if you find someone whose strategy clicks with you. Plus, it's easy to use, and they've got a good range of crypto to explore.

  • Pros: Social trading features, user-friendly interface, wide range of cryptocurrencies

  • Cons: Relatively higher fees compared to some competitors

  • App Review: Highly rated for ease of use and educational resources

2. Coinbase

Coinbase is like the old reliable friend of crypto. It's where a ton of people begin because it's straightforward and secure. You won't get lost in complicated stuff here, which is ideal when you're still finding your footing.

  • Pros: Simple interface, strong reputation, good selection of cryptocurrencies

  • Cons: Fees can add up, limited features for advanced traders

  • App Review: Praised for beginner-friendliness, but criticized for occasional glitches

3. Binance

Binance is the ultimate crypto marketplace. They've got the most coins, low fees, and a ton of fancy tools that more experienced traders love. Sure, it's a lot to take in as a beginner, but once you get the hang of things, Binance is where you go for maximum choice.

  • Pros: Largest crypto exchange by volume, low fees, extensive range of cryptocurrencies and trading features

  • Cons: Can be overwhelming for beginners, customer support can be slow

  • App Review: Mixed reviews; praised for functionality but criticized for its complex interface

4. Kraken

Kraken is all about keeping your crypto secure. If losing sleep over your investment isn't your vibe, Kraken has your back. They're serious about security, and while it might take a little extra effort to get used to, they're a top choice for those who want that extra peace of mind.

  • Pros: Strong security focus, good for margin trading, suitable for intermediate traders

  • Cons: Limited crypto selection compared to others, not the most beginner-friendly layout

  • App Review: Generally positive, with users appreciating its security and reliability

5. Crypto.com

Crypto.com has a little bit of everything –  think crypto debit cards, NFTs, ways to earn extra crypto... It's definitely worth checking out,  just be prepared to spend some time figuring out their fees and getting used to all the features.

  • Pros: Offers crypto debit cards, NFT marketplace, good staking rewards

  • Cons: Fees can be confusing, the app can feel cluttered

  • App Review: Users like the features, but some find navigation difficult

6. Gemini

Gemini wants crypto to feel safe and simple.  They're regulated, which is a plus for a lot of people, and the platform is easy to figure out.  You can even earn a little interest on your coins! Maybe they don't have every single altcoin out there, but they're solid for getting started.

  • Pros: Regulated and secure, easy-to-use interface, offers interest on crypto holdings

  • Cons: Smaller selection of cryptocurrencies, higher fees than some exchanges

  • App Review: Well-regarded for security and straightforward experience

7. Robinhood

Robinhood is known for being dead simple (and no fees!), and that includes crypto too. The catch? You don't really own your crypto there – no wallets, no sending coins around. It's okay for dipping your toes in, but limits what you can actually do with your crypto.

  • Pros: Simple interface, commission-free trading, offers stocks as well as crypto

  • Cons: Very limited crypto selection, no control over crypto wallet keys

  • App Review: Popular for its simplicity, but criticized for lack of crypto ownership features

8. Webull

Webull lets you do both stocks and crypto, which is kinda cool if you're into both. It's easy to manage everything, and they've got neat charts if you like that technical analysis stuff.  The only bummer is they don't have a huge list of cryptocurrencies to choose from.

  • Pros: Provides stock and crypto trading, user-friendly platform, good charting tools

  • Cons: Limited crypto selection, withdrawal fees can be higher

  • App Review: Positive for its integrated stock and crypto trading experience

Conclusion

Choosing the right exchange is your first big step in the world of crypto. It's exciting, but take your time and pick a platform that feels right for you. Remember, start small, learn as you go, and most importantly, have fun exploring this dynamic space.

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