While cryptocurrency has surged in popularity in recent years, only a small minority of Americans have actually traded it. Among the most popular cryptos are Bitcoin, Ethereum and Dogecoin, each of which has seen a lot of action in the past year or so. The appeal for traders? The potential to make significant money on the volatility of these highly speculative assets.
Increasingly, traders have more and more ways to access cryptocurrencies. New exchanges and trading platforms have started in response to the wide interest in crypto. In fact, you may already have an app on your phone that lets you trade. For example, if you have the PayPal or Venmo app, you can buy and sell at least a few different cryptocurrency coins. But other apps and exchanges give you access to a wider selection of cryptocurrency — there are literally thousands — or they offer other benefits such as lower cost.
Below are some of the top apps and exchanges for crypto trading and some of the key things you need to know.
Top apps and exchanges for cryptocurrency trading in July 2022
The platforms below include specialized crypto exchanges, online brokers, and cash and payment apps. We’ve included pricing as well as how many coins you’re able to trade, so you can get a sense of the scope of each app or exchange.
If you’re interested in trading the largest cryptocurrency, Bitcoin, exclusively, it may not make sense to go with an app that offers you dozens of others. On the other hand, if you’re looking to trade whatever is hot at the moment, consider an app or exchange with more variety.
Bittrex
Bittrex is an attractive option for crypto traders thanks to its straightforward low-cost commissions, particularly for those trading high volumes. If you’re trading less than $50,000 every 30 days, you’ll pay between 0.25 and 0.35 percent in commissions, but the fees fall quickly from there if you’re trading big bucks. Plus, Bittrex doesn’t charge for USD deposits or ACH…
