We would be analyzing these apps based on several factors such as;
_ Appearances
_ User interface
_ Supported operating systems
_ Developers
_ Supported languages
_ Audience
_ Supported fiat currencies
_ Cryptocurrency library
_ Supported payment method
_ Basic functionality
_ Transaction fees and limits
_ Extra features
_ Security
Binance
Binance mobile app is an app developed by the cryptocurrency exchange Binance. It is currently available on android and IOS (it’s a universal app, meaning there are no separate versions for iPhones and ipads) mobile operating systems, which can be downloaded from their respective app stores.
The app comes with the option of selecting between night and day modes (dark and white background themes respectively) and about 25 in supported languages, with this app being able to be used worldwide.
The Binance app is very user-friendly and allows even beginners to navigate and utilize its full features and services.
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Supported Fiat & cryptocurrencies
The app supports the use of several fiat currencies (naira included). However, every fiat currency has a specific range of cryptocurrencies that they can purchase.
For example, NGN (Nigerian Naira) can buy just about eight cryptocurrencies (BTC, BNB, BUSD, ETH, FIO, ZIL, USDT, and XRP) and trade about nine cryptocurrencies (BTC, BNB, BUSD, ETH, LINK, LTC, USDT, and XRP). This is compared to the ability of EUR (Euros) being able to purchase about 12 different cryptocurrencies.
This app provides its users with access to over 100 different cryptocurrencies.
Payment methods
It allows its users to buy Bitcoin and other cryptocurrencies in their local currency using credit and debit cards, and bank transfers, P2P trading, and more payment options on their website. Users can also use credit and debit cards or bank transfers to deposit fiat currencies into their wallets.
Basic functionality
This app’s basic functionality is to create a convenient and effective means by which individuals can trade or invest in cryptocurrencies while accessing most of the app’s tools.
The Binance app allows its users to achieve this purpose by providing users with professional mode and Lite mode, which have different mechanisms.
A few differences exist between these modes, such as trading with specific cryptocurrencies being limited to the professional mode. Users are allowed to switch between these two modes easily and at will.
The Binance app has other features available;
_ Cryptocurrency staking.
_ Cryptocurrency exchanging.
_ Pools.
_ Future trading.
_ Margin trading
_ P2p trading
_ Liquid swap
_ Crypto loans,
_ Savings, blog,
_ Research,
_ Real-time profits & loss analytics
Transaction fees
The transaction fees on the Binance app and the exchange are considered the cheapest compared to those of other exchanges in its class, such as Coinbase. The fees which are seen in Binance include;
_ Traders making use of future trades
_ o.1% on trading fees.
Security
Security on the Binance app is adequate, with features such as 2-factor authentication, google authentication, SMS authentication, touch ID. This affords the highest amount of security available for a mobile app,
Coinbase
The coinbase app was developed by coinbase and is currently supported on the Android and IOS platforms, and can be downloaded from their respective app stores.
This app flaunts a blue and white background with a friendly user interface, making it easy for first-time users and beginners to navigate the app. It is currently available in over 100 countries, excluding Nigeria.
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Supported cryptocurrencies
The Coinbase app, unlike Binance, does not have an extensive library of cryptocurrencies. They are comprising of only about 27 different cryptocurrencies.
Payment methods
Coinbase allows payment methods such as credit and debit cards, wire transfers, and cryptocurrencies in making deposits and withdrawals; PayPal is also supported but only when making withdrawals.
The process of buying Bitcoin using Coinbase is easy. However, due to the lack of support for countries like Nigeria, one would require a VPN.
Basic functionalities
Though not as packed with numerous functionalities as some other apps listed, it offers a straightforward and convenient way to trade cryptocurrencies.
This app also provides up to date news about various cryptocurrencies and real-time market analytics.
Payment method
The fee structure of Coinbase is a lot more complicated when compared with Binance, varying between $1.39 and $4 depending on the transaction (payment means, deposit, withdrawal, etc.). Get the full fee structure here.
Limits
The limits of coinbase are based on the method used in purchasing Bitcoins, level of verification ( with a fully verified US resident being able to use up to the highest limit of $25,000.
Security
Coinbase has a security that is simple, though not as much as that of Binance.
Trust Wallet
Trust Wallet is a reliable app used to buy Bitcoin and other cryptocurrencies. It has a white background that can be changed to a dark mode if needed, combined with a simple user interface that makes it easy to use by both beginners and seasoned traders.
It is supported on the Android and IOS platforms and was developed by Viktor Radchenko, aiming to have a wallet capable of storing ERC20 tokens without trouble. Binance acquired this app (company) in July 2018.
It supports about 11 languages and can be accessed from several countries worldwide. This app allows its users to easily buy Bitcoin and other cryptocurrencies; however, most trades have to be in USD.
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Supported cryptocurrencies
This app boasts the ability to store up to 160,000 different assets, making it possible for any cryptocurrency known to be stored or bought.
Payments methods
The principal means by which one can buy Bitcoin or other cryptocurrencies is by use of Moonpay gateway (credit and debit cards).
Basic functionalities
Allows users to store and even buy Bitcoin or any available cryptocurrency. It also provides traders with real-time chart performances of each coin (though not as informative as Binance and Coinbase).
Features present on the trust wallet include; staking, which is seen in the finance section ( only five assets support staking, and the area; Tezos, Atom, Tron, Kava, Cosmos, Algorand). Other features include; trust Dapps section (trust Dapp browser), which displays various decentralized applications and projects, social media account links, the ability to add a new wallet, anonymity ( trust wallet does not store user data, and hence there is no need to fill a KYC form.
Payment methods
The Trust wallet claims a lack of imposed charges on transactions; however, there are fees known as gas fees when purchasing Ethereum. Buying any cryptocurrency on Trust wallet has a minimum amount that can be used, $50.
Security
The Trust App has high security, allowing face and touch Id, transaction pins, and users’ private keys are not stored on the trust wallet servers but the user’s device, providing an even more secure wallet.
Remitano
The Remitano app is a p2p cryptocurrency app developed by Remitano exchange. It has a purple and white background with a straightforward User interface. The Remitano app can be download for both the IOS and Android operating systems via their app stores.
This app is currently accessible in over 50 different countries (Nigeria includes and records its most extensive use).
This app can also be accessed in various languages suitable to the user. This application has good support of fiat currencies as it facilitates p2p trading.
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Buying Cryptocurrency and supported currencies.
The process to buy Bitcoin or other cryptocurrencies using the Remitano app is the easiest and, therefore, cheapest (attracting low fees) choices.
Being a p2p app, the number of coins that can be traded is much fewer (about six cryptocurrencies) than that of Binance. The supported p2p trading currencies include;
_ Bitcoin (BTC)
_ Ethereum (ETH)
_ Tether USDT.
_ Bitcoin Cash
_ Litecoin.
_ Ripple.
However, users have an increased range of coins (altcoins) when choosing to invest in using the Remitano app. The cryptocurrencies available to be invested in include;
_ Cardano (ADA)
_ Tezos (XTZ)
_ EOS
_ Chainlink (LINK)
_ Tron (TRX)
_ Ethereum Classic
_ Monero (XMR)
_NEO
_Stellar
_Binance Coin (BNB)
Payment methods
As a P2P app, the payment method depends on your country, meaning people in supported countries use their local currencies. Users can also deposit Fiat currencies on the app using;
_ Debit and credit cards.
Payment methods might differ according to the country concerned.
Basic Functionalities
The Remitano app is a p2p marketplace that allows users to buy Bitcoin and other cryptocurrencies from available sellers while also providing real-time data on the value of such cryptocurrencies.
It also lets its users make profits by trading and investing in different altcoins on the platform. This app also runs smoothly.
Transaction Fees and Limits
Fees charged on the Remitano app include;
_ A 1% maker fee and a 0% taker fee.
_ A 1% investment fee when you make a profit and a 0% fee when you experience a loss.
_ Deposit and withdrawal fees differ according to the cryptocurrency being deposited or withdrawn;
BTC: 0.0002 deposit and withdrawal fee.
ETH: 0.005 deposit and withdrawal fee.
USDT: no deposit fee, and 5 USDT withdrawal fee.
BCH: 0.001 deposit fee and 0.0001 withdrawal fee.
LTC: 0.000% deposit and withdrawal fee.
XRP: no deposit fee and 0.00001 withdrawal fee.
Limits on the Remitano occur when a user has not verified his/her documents. An example of such limitation includes being unable to deposit fiat currencies.
_ Investing
_ blogs / forums
_ Freelancing
_ Affiliate programs
_ Referral features.
_ Daily news updates.
Security
The Remitano app offers various security levels, including touch ID, 2-factor authentication apps, and some trader verification processes to prevent or reduce the incidence of fraudulent activities.
Bitcoin.com
An application created by the site bitcoin.com is accessible on both Android and IOS gadgets. It sports a white foundation with a basic UI, making navigation simple for learners and experts.
t is available worldwide yet has a much-restricted language alternative when contrasted with other applications stated previously.
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Supported cryptocurrencies and Fiat currencies
Unlike most applications in this article, bitcoin.com allows the exchanging just of Bitcoin and Bitcoin Cash. This can be viewed as a disadvantage as not even the major digital currencies other than bitcoin and bitcoin Cash are supported. In any case, this application offers a simple and solid approach to buy Bitcoin.
The USD and EUR are the two fiat forms in which crypto can be purchased. Nonetheless, the equivalent measure of Bitcoin or Bitcoin Cash accessible in your wallet would be shown in the local currency you set it to.
Payment Channels
This application lets its clients buy Bitcoin utilizing fiat monetary forms (basically USD and EUR) and supports credit and debit cards by utilizing the simplex payment channels.
Basic Functionalities
This application essentially permits clients to purchase Bitcoin and Bitcoin Cash and is probably the quickest means to buy Bitcoin. Clients are permitted to receive and send these digital currencies and get continuous incentives on their coins.
Transaction charges
Taker charge - 0.2%
Maker charge - 0.15%
Additional Features
Everyday news updates.
Connections to bitcoin.com trade site.
Bitcoin price graphs.
Bitcoin loans.
Trading among BTC and BCH.
Free BCH.
Security
Bitcoin.com is known to have a helpless security level contrasted with other applications, with basic functions, for example, 2-factor authentication lacking.
Blockchain.com
This application was created by blockchain.com, available both on the Android and IOS gadgets, and downloaded from their respective stores. It utilizes a white and blue straightforward UI.
It likewise is available in a few nations around the globe and can be utilized in 25 unique languages.
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Supported digital currencies
Blockchain supports, Bitcoin, Ethereum, Bitcoin Cash, Stellar, Algorand, USDD, and Tether. These are restricting contrasted with applications listed previously.
Supported fiats, Payment channels, and Restrictions
Blockchain supports around 22 distinctive fiat monetary forms: USD, EUR, HKD, ISK, INR, JPY, TWD, NZD, PLN, RUB, SOD, KRW, SEK, CHF, THB, DKK, CNY, CLP, CAD, GBP, BRL, AUD.
The blockchain application permits the utilization of credit and debit cards in buying digital currencies. Be that as it may, limits are placed on accounts as per the degree of account verification.
Account verification has 2 levels; the silver level, which has a $1000 yearly trade limit ( requires email, name, date of birth, and address), and the gold level, which has a $25,000 everyday trade and purchase limit (requires silver level, government ID and a selfie). Completion likewise makes clients qualified for the airdrop program offered by the application.
Basic Functionality
This application allows users buy Bitcoin and other supported digital currencies. It likewise permits the sending and accepting of these digital currencies.
Transaction Charges
Blockchain has low fee than most exchanges; they additionally guarantee not to create charges other than the network charges on deposits. Withdrawals likewise have an expense connected. You can read the fee structure here.
Blockchain application additionally has a base sum for withdrawal as indicated by the concerned cryptographic money. They incorporate;
_ BTC - 0.0006 BTC
_ ETH - 0.002 ETH
_ BCH - 0.005 BCH
_ DGLD - 0.001 DGLD
_ USDT - 2 USDT
_ ALGO - 1 ALGO
Additional Features
_ Airdrops.
_ Paring to web wallet.
_ Backup funds.
Security
Blockchain application offers sufficient security to its clients, for example, exchange pins, biometrics, cloud backup, backup phrases, and 2-factor confirmation.
Notwithstanding, it stores the client's private keys, which puts the organization in charge of its coins. This application is likewise not known for its anonymity.
Buy Bitcoin
This application is accessible on the Android and IOS platforms and was created by Spot. it has a white foundation and a basic UI making it appropriate for apprentices. It is supported in a few nations. It presently has two language alternatives ( English and French). It doesn't need any type of registration.
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Supported digital currency
This application is devoted to Bitcoin.
Supported fiats and payment channels
This application supports Bitcoin exchange utilizing the USD. In any case, clients in significant areas, for example, China, have their resources reflected in their local currency.
The supported payment channel is;
_ Credit and debit cards
Imposed restrictions are a base BTC acquisition of $20 and a limit of $15,000.
Basic Functionality
As the name infers, this present application's sole capacity is to buy Bitcoin, send and get Bitcoin, and give constant coin values and graphs.
Additional Features
_ Referral program
_ Social media links
_ Live support
Security
It offers a fair degree of security contrasted with some applications seen. Be that as it may, it gives authentications and pins. Additionally, clients can physically back up their wallets or a cloud backup.
Luno
Luno is a digital currency trade application created by the Luno team. It is accessible on the android and IOS gadgets and can be downloaded from their individual application stores.
The application serves to target nations in Africa that are not recorded on different exchanges. It has a blue and white basic interface, making it simple to use by a learner.
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Supported digital currencies
Not at all like most applications on this rundown, luno has a considerably more restricted crypto library, permitting only the principle referred to digital currencies, for example, BTC, ETH, BCH, LTC, and XRP.
Supported fiats, Payment channels, and Restrictions
Luno application as of now supports fiat currencies, for example, Euro (EUR), Indonesian Rupiah (IDR), Malaysian Ringgit (MYR), Nigerian Naira (NGN), South African Rand (ZAR), Zambian Kwacha (ZMW), Polish Zloty (PLN), Ugandan Shilling (UGX), Great British Pound (GBP).
Luno application lets its clients purchase Bitcoin without any difficulty. Clients have few methods by which they can make payments on the application, for example;
_ Flutterwave(NGN)
_ Paystack (NGN)
_ Bank transfer (IDR and NGN)
_ Debit cards (NGN)
_ Credit and debit card (EUR)
Consequently, every area has a specific payment technique.
Luno has restrictions imposed on accounts, and this relies upon the degree of verification of the account. There are four degrees of verification relating to email (level 0), telephone (level 1), ID (level 2), and verification of residence (level 4). Every one of these levels has a deposit and withdrawal limit.
Basic functionalities
This application allows clients to exchange Bitcoin and other cryptocurrencies effortlessly. It additionally permits clients to switch between price graphs (for technical analysis) and a basic presentation of the coin's current worth.
Transaction Fees
Expenses brought about on the application incorporate.
_ Taker charge - 0.25% - 1%.
_ Maker charge - 0%
_ Deposit charge
_ Withdrawal charge
_ Sending/getting cryptocurrency charge
Additional features
_ News update
_ Learn area
_ BTC savings wallet
_ Price alerts
Security
Luno offers a decent degree of security, for example, touch ID, 2-factor confirmation, pins. Notwithstanding, clients don't have access to their private keys, which means they have no control over their assets.
Crypterium
This is an application created by Crypterium and is presently accessible on both the IOS and Android platforms. It has a white foundation with a basic UI occupied by different buttons, which lead to a crowded look. This application is supported in more than 100 nations and has a predetermined number of languages.
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Supported digital currencies
This application allows the purchasing of the following digital currencies;
_ BTC
_ CRPT
_ ETH
_ LTC
_ Link
_ MKR
_ BAT
_ ZRX
_ OMG
_ BCH
_ XRP
_ Run
_ TON
Wallets supported by this application incorporate;
_ BTC
_ ETH
_ CRPT
_ CRPT - OLD
_ LTC
_ USDT
_ USDU
_ Link
_ MKR
_ QASH
Supported fiats, Payment channels, and Restrictions
The supported fiat forms are limited, with five fiat monetary forms (GBP, JPY, USD, AUD, KRW). Supported payment channels incorporate;
Credit and debit cards.
Restrictions on accounts compare to the degrees of verification, which incorporate;
Personal details: limit of 150 EUR.
Identity: limit of 10,000 EUR.
Residence: no restriction
Basic functionalities
This application serves to make methods by which crypto clients can purchase, sell, and store the supported cryptocurrencies. This application likewise has the capacity to permit clients to pay for regular daily expenses using crypto.
Additional features
_ Trade of one crypto for another.
_ Crypto investment account
_ Cash transfer
_ Visa virtual card
_ Referral program
_ AI value forecasts
_ Top-ups
_ Crypterium card for ordinary use
_ live client assistance.
Security
Crypterium is outfitted with a touch ID, 2-factor authentication, and pin. All these subsequently make it secure.
CEX.io
An application created by cex.io ( one of the most seasoned bitcoin exchanges began). It supports the android and IOS platforms and can be downloaded from their individual application stores. It has a white background, which can be made dim when put on night mode. It likewise has a straightforward UI, accordingly taking into consideration beginners.
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Supported digital currencies
CEX.io as of now underpins the exchange of around 25 diverse cryptocurrencies, for example;
BTC, ETH, BCH, DASH, LTC, XRP, XLM, TRX, BTT, MHC, ONT, ONG, ADA, NEO, GAS, ATOM, BAT, XTZ, MATIC, WABI, LINK, ZRX, USDT, LAMB, and ZIL.
Supported Fiat Currencies
CEX.io has a predetermined number of supported fiat monetary forms, and they incorporate;
_ US dollar (USD
_ Euro (EUR)
_ Extraordinary Britain Pound (GBP)
_ Ruble (RUB)
Payment channels and Restrictions
Payment techniques acknowledged on CEX.io incorporate;
_ Credit and debit cards
_ Skrill (for EUR and GBP).
The degree of verification decides limits imposed on accounts. It presently has four phases of verification, which are;
_ Identity: permitted to purchase up to $1000 worth of Bitcoins every day. Clients can only utilize a card to support buys at this level.
_ Address: permitted to purchase $10,000 worth of BTC every day and withdraw $50,000 worth of BTC every day.
_ Enhanced and corporate: have no purchasing constraints.
Basic functionality
Permits clients to purchase, sell, get, and send digital currencies. This application permits individual coins for trading, such as BTC, ETH, XRP, and BCH, while wallets are available for coins like; BTC, ETH, BCH, and XRP LTC, USDT, XTZ, MATIC, and BAT. This application additionally permits the storage of these digital currencies.
Transaction fees
The critical grievances recorded about CEX.io is their measure of expenses and shrouded charges. A portion of these incorporate;
_ Credit card deposit: 2.99%
_ Withdrawal: 3% in addition to support energizes to $25.
_ Maker and taker charges: 0.16%-0.25%
_ Margin trading : 0.5%
Additional features
_ Trade pro permits clients to make dynamic trades while utilizing real-time values. It also gives you access to different exchanges, such as Binance, Coinbase Pro, and so forth. Coin graphs are likewise accessible, allowing clients to see down to the moment changes.
_ Exchange: which allows clients to trade one crypto for another.
Security
CEX.io offers an agreeable security level, for example, Pins, touch ID, however, doesn't have 2-factor authentication.
Conclusion
This article focuses on the easiest and reliable app through which individuals can buy Bitcoin. Most of these apps are not functional in some countries and require a VPN to make purchases. to learn more about investing in Bitcoin and cryptocurrencies, read this Remitano post.
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