Best Altcoin Apps USA – Top Places to Buy Altcoins
Altcoins, defined as any cryptocurrency other than Bitcoin, have grown in popularity exponentially over the past year. Due to this popularity, there are now more altcoin trading apps than ever – although this abundance of options can make it tricky to decide which one is right for you.
To streamline this process, this guide will explore the Best Altcoin Apps USA available to traders right now, touching on their features and how to choose between them, before highlighting where you can start trading altcoins today – with low fees!
Best Altcoin Apps List
Found below is a quick overview of the best altcoin apps available to traders this year:
- eToro – Overall Best Altcoin App USA
- WeBull – Best Altcoin Trader App with Strict Regulation
- ByBit – Altcoin Exchange App with Derivatives
- Launchpad XYZ – The Only Complete Web3 App with Access To Exchanges and Marketplaces
- Coinbase – Best Altcoin Wallet App
- AltCoinTrader – Popular Altcoin App for Simple Trading
- Binance – Largest Altcoin Exchange App in the World
- Robinhood – Best Altcoin App with Low Fees
- Kraken – Great Asset Selection on this Trading App
- Gemini – Ideal Altcoin App for Staking
- Crypto.com – Best NFT App with Wide Range of Cryptos
Best Altcoin Apps Reviewed
With so many altcoin apps available for budding investors to choose from, it can be tricky to evaluate all the options and choose one that suits you. To help you with this process, we’ve reviewed the best investment apps for altcoins below – ensuring you’ve got the information you need to make an effective choice.
1. eToro – Overall Best Altcoin App USA
Our pick for the best altcoin app in the USA is eToro. eToro is one of the world’s largest online brokers, boasting over 23 million users at the time of writing. What’s more, eToro has a stellar reputation in terms of safety, as the platform is regulated by the Financial Conduct Authority, ASIC, and CySEC. Notably, eToro is also registered with FinCEN and is a member of FINRA – boosting security for US-based traders.
eToro is one of the best crypto apps for trading altcoins due to the platform’s low fees. When you invest in altcoins with eToro (such as Ethereum, Ripple, or Litecoin), you won’t have to pay any commissions or transaction fees. Instead, eToro charges a spread, which is the difference between the buy and sell prices on an altcoin. This spread will vary depending on the coin but averages around 1.90% for altcoins.
eToro’s app is user-friendly and features two-step authentication and various valuable features. Users can search and filter through eToro’s altcoin selection easily and review the price chart for each asset. If you decide to trade altcoins, the process only takes a few taps on eToro’s app, making it ideal for beginners.
Finally, eToro also offers a free crypto wallet app called eToro Money. This wallet is designed to hold your cryptocurrency holdings safely and employs advanced security features such as DDoS protection and an unlosable key. Furthermore, the wallet app also allows users to exchange one coin for another directly within the app, ensuring it offers an ‘all in one’ solution.
- Low fee crypto trading
- Free crypto wallet app
- 42 digital currencies to trade
- Beginner-friendly trading app
- Charting capabilities on the app
- Small inactivity fees charged
68% of retail investors lose money trading CFDs at this site.
2. WeBull – Best Altcoin Trader App with Strict Regulation
If you’re looking for an alternative to eToro, we’d also recommend checking out WeBull. In terms of free altcoin apps, WeBull is undoubtedly one of the best, as the platform is regulated by top-tier entities such as the SEC and FINRA. What’s more, as WeBull offers fractional investing, investors can trade altcoins from as little as $1 per trade.
WeBull offers over 20 digital currencies to trade, including some niche ones such as Cosmos, Fantom, and Decentraland. The great thing is that WeBull doesn’t charge any commissions when you trade cryptocurrencies and instead charges a 100-basis point spread on either side of the transaction. This equates to a 1% fee when buying and selling an asset.
Finally, the WeBull app has been designed to appeal to traders of all experience levels and has functionality for technical analysis and price alerts. Users can set up a variety of watchlists to keep tabs on specific altcoins – and you can even see the order flow and analyst insights on particular assets. Notably, WeBull offers a free demo account with $1m in paper money, allowing beginners to practice on the app before trading for real.
- Commission-free trading
- Over 20 digital currencies offered
- Free demo account
- Highly regulated platform
- You have to apply for a crypto account
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
3. ByBit – Altcoin Exchange App with Derivatives
If you’re looking for an altcoin exchange app with a wide variety of trading options, then ByBit is worth considering. ByBit is one of the best Bitcoin trading apps for derivatives, as the exchange offers both spot and derivatives markets. In terms of the latter, users can invest in inverse perpetual and futures contracts – significantly boosting the trading options on offer.
In terms of fees, ByBit charges 0% commission for market makers and 0.1% for market takers. Costs will vary when trading derivatives, although they tend to be slightly lower than the spot market. Crypto deposits are free to make, and ByBit also doesn’t charge a fee to deposit FIAT currency (such as USD) – although most payment providers will, so this could vary depending on who you deposit with.
ByBit’s mobile app is available on iOS and Android and features a responsive design and a whole host of features. Traders can employ numerous technical indicators to boost their trading efficiency and set various order types using the app. Finally, ByBit also has a 24/7 live chat feature within the app, meaning users can always receive aid if they need it.
- Very low trading fees
- Great customer support
- Various trading options on offer
- No deposit fees
- Doesn’t support FIAT withdrawals
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
4. Launchpad XYZ- Best Web3 App
If you’re looking for a compete web3 app that allows you to access all of web3, including altcoin trading, in one place then Launchpad XYZ is certainly the best option to consider. Launchpad XYZ is a web3 portal that makes it possible to access all of web3 in one place. The main barrier to web3 adoption is that many people find it confusing. Launchpad XYZ will solve this by making it easier than ever to access various web3 application, learning resources, communities and more.
Amongst the offerings available on Launchpad XYZ is a native token exchange through which users can buy, sell and swap altcoins. The platform will also provide users with an altcoin wallet that can be used to store tokens easily.
Users can also use the Launchpad XYZ platform to make passive income through staking. It is possible to stake LPX tokens for excellent rewards that are paid daily. Users can also access other staking tools as well as play-to-earn games and upcoming token presales which provide an opportunity to make returns.
Launchpad is the first platform of its kind and is predicted to make waves amongst web3 enthusiasts. To access the platform, users will need to hold LPX tokens. LPX is an ERC20 utility token that can be bought for a low price via presale. The token will be used to access the Launchpad XYZ platform, participate in staking, play crypto games, purchase altcoins through the exchange and much more. It is a token with very strong utility and potential for growth.
- Low fees when using LPX tokens to trade.
- An all-in-one wb3 platform.
- Users can access NFTs as well as altcoins.
- Wide variety of crypto assets available.
- Newly launched platform may have low liquidity.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
5. Coinbase – Best Altcoin Wallet App
If you’re looking for one of the best Bitcoin wallet apps, then Coinbase certainly fits the bill. Coinbase is the world’s second-largest cryptocurrency exchange and regularly has over $3bn in daily trading volume. Notably, Coinbase has a massive selection of cryptos to trade, totalling over 8000 assets when you include ERC-20 tokens and crypto/crypto pairs.
In terms of fees, Coinbase has a two-step structure. Firstly, users will pay a spread on either side of the trade. This spread will vary but tends to be around 0.5% for buy and sell orders. In addition, Coinbase also charges a flat fee depending on the trade size and payment type. Again, this fee varies drastically and can be up to 3.99% if you buy crypto with a credit or debit card.
However, Coinbase really shines when it comes to its free cryptocurrency wallet. The wallet features two-factor authentication and has support for over 4000 crypto assets. Coinbase’s wallet is a self-custody wallet, meaning you have complete control over your altcoins. Finally, the wallet even has functionality for NFTs and allows you to swap assets on decentralized exchanges.
- Free crypto wallet app
- Second-largest exchange in the world
- Huge range of assets to trade
- Wallet app supports NFTs
- High trading fees
6. AltCoinTrader – Popular Altcoin App for Simple Trading
Rounding off our list of the best altcoin exchange apps is AltCoinTrader. AltCoinTrader is a South Africa-based exchange and has been around since 2015. The exchange offers many cryptocurrencies, including altcoins such as Dogecoin and Shiba Inu.
AltCoinTrader charges a 0.1% maker and taker fee, putting it in line with other low fee platforms. Withdrawal fees are quoted in BTC and equate to 0.00057 BTC per withdrawal. Notably, AltCoinTrader accepts credit card deposits and allows users to fund their trading account using crypto stored in external wallets.
AltCoinTrader’s app is available on iOS and Android and offers much of the same functionality that you’d get on the web-based app. Users can buy and sell various trading pairs in just a few clicks and see some depth of market information to inform trading ideas. You can also earn a return on your crypto using the ‘Easy Save’ feature, with no lock-in period and instant access to your funds.
- A wide array of altcoins to trade
- Low trading fees
- Accepts credit cards
- Earn a return using ‘Easy Save’
- Unclear who regulates the platform
Types of Altcoin Apps
Now that you’ve got an understanding of the best altcoin apps, let’s discuss the various types you can choose between:
Altcoin Trading Apps
The most common type of altcoin app is altcoin trading apps. These apps allow users to buy and sell altcoins on their smartphones, with most apps being available on iOS and Android. The best altcoin apps tend to have the same (or similar) functionality to the brokerage or exchange’s web-based platform – ensuring synchronicity for traders.
Trading apps usually have similar options for investors, including the ability to trade altcoins, review price charts, make deposits, and contact customer support if need be. Furthermore, some trading apps (such as eToro’s) will offer social-trading features, such as the ability to copy the trades placed by other users. Finally, many apps will also provide a free demo account that can be used to gain experience before trading for real.
Altcoin Wallet Apps
Some of the best altcoin apps will also include a wallet component in their service offering. Crypto wallets are a crucial component of the cryptocurrency trading process, as they allow digital assets to be stored safely. Altcoin wallet apps can be downloaded to your smartphone and allow users to monitor their crypto holdings safely. Notably, many altcoin wallet apps, such as the one offered by eToro, include additional features such as the ability to exchange one coin for another directly within the app’s interface.
Altcoin Staking Apps
The third type of app to be aware of are altcoin staking apps. In case you are unfamiliar, staking is the process of ‘locking’ your crypto into the platform the coin is native to and earning a return for doing so. Staking rewards can often be much higher than what you’d expect to receive in a standard banking account, so the ability to stake your crypto is a valuable feature. An example of this process would be through eToro’s dedicated staking service, which will automatically stake your crypto in return for a small fee.
Best Altcoin Apps Compared
|App Name||Service Type||Number of Altcoins to Trade||Fee to Buy Ethereum||Fee to Buy Dogecoin|
|eToro||Broker + Wallet||42||1.90%||2.9%|
|Coinbase||Exchange + Wallet||152||Avg spread of 0.5% + Flat-fee based on volume and payment method||Avg spread of 0.5% + Flat-fee based on volume and payment method|
|Binance||Exchange + Wallet||500||0.1%||0.1%|
|Kraken||Exchange||93||Between 0.16% and 0.26% + Flat fee depending on payment method||Between 0.16% and 0.26% + Flat fee depending on payment method|
|Gemini||Exchange + Wallet||63||Flat fee for positions under $200/1.49% for positions over $200 + 0.5% convenience fee||Flat fee for positions under $200/1.49% for positions over $200 + 0.5% convenience fee|
|Crypto.com||Exchange + Wallet||100||0.1% to 0.4%||0.1% to 0.4%|
What are the Best Altcoins to Buy?
It’s all well and good knowing what the best altcoin apps are – yet it’s also crucial to understand what investment options you have in the market. Found below is our list of the top five altcoins on the market right now, ensuring you’ve got the necessary information to trade optimally.
1. Ethereum (ETH)
If you’re interested in the best altcoin apps, you may wish to consider investing in Ethereum. According to CoinMarketCap, Ethereum is the second-largest crypto globally and has a market cap of $474.1bn. As you may be aware, Ethereum is a smart contract platform that has grown exponentially in recent years, making it incredibly popular for areas such as decentralised finance (DeFi Coins) and NFTs.
The Ethereum blockchain’s native coin is Ether (ETH), which is what you’ll be investing in should you wish to gain exposure to Ethereum. The platform was founded by Vitalik Buterin, who now acts as the platform’s CEO. Ethereum is widely regarded as one of the most exciting networks for the years ahead, as more companies begin to decentralise certain aspects of their operations – boosting the need for a platform like Ethereum.
2. Solana (SOL)
Solana is an open-source blockchain platform designed for developers to create and host decentralised applications (dApps). The platform aims to rival Ethereum and has already achieved some remarkable feats – for example, Solana can theoretically handle up to 710,000 transactions per second (TPS). Comparing this to Ethereum, which can handle around 15 TPS, you can clearly see that Solana is a much more scalable platform.
Looking forward, the speed of Solana’s Proof of Stake (PoS) algorithm will likely appeal to developers who require additional scalability that other networks cannot provide. Furthermore, Solana can also run smart contracts in a parallel nature, which saves resources and enhances scalability. As more and more developers build their apps on Solana, we’ll likely see the price climb higher in the months and years to come.
3. Chainlink (LINK)
Chainlink is what’s known as an ‘oracle network’ and occupies an important niche within the crypto ecosystem. As blockchains are decentralised, a problem arises where these networks cannot receive data and information from external sources, making it hard to run certain apps. Chainlink solves this issue as it helps provide this information to blockchain platforms in a decentralised way.
Examples of information that may be required include price feeds, event results, weather data, and more. Chainlink employs the use of ‘oracles’ to supply this data, which are verified using a stringent trust process. Right now, Chainlink is partnered with hundreds of top networks, including Google, Hedera Hashgraph, and Binance.
4. Dogecoin (DOGE)
Although it initially started as a joke, Dogecoin has grown to incredible levels in 2022 and is currently trading at $0.16, according to Yahoo Finance. This equates to a YTD return of over 3400%, which is remarkable even for crypto’s standards. Unlike many cryptocurrencies, Dogecoin has been designed to be abundant, with 10,000 DOGE being mined every minute.
Dogecoin is so huge these days, thanks to the hype driven by social media and celebrities such as Elon Musk. The coin has grown so much that more use cases are being added regularly, with DOGE now being used as a payment method and a way to tip on the internet. Although the crypto doesn’t have the same functionality that others do, its exceptional backing means that DOGE is still one of the best altcoins to consider in the market right now.
5. Polkadot (DOT)
Finally, Polkadot is another popular cryptocurrency if you’re looking to get involved in altcoins. Polkadot is defined as a ‘multi-chain network’, meaning that it combines separate blockchain networks to create one huge decentralised network. Combining different platforms will make the process of developing dApps and DeFi projects easier and reduce the resources needed for mining and validation.
Right now, developers who create applications can only deploy them on one platform. Polkadot aims to allow these developers to be unrestricted in who they host their apps with – whilst still allowing each platform to have the autonomy to use their own validation mechanisms. Polkadot’s native token, DOT, has its value tied to how popular the Polkadot platform is – so as more and more networks utilise Polkadot in 2022, this should be great news for DOT investors.
How to Choose the Right Altcoin Trading App for You
Choosing between various altcoin apps can be tricky. To smooth this process, found below are some of the top factors to consider when researching deciding on the best altcoin app:
Security and Regulation
Security should be your top priority when narrowing down the various altcoin apps. The key is to use an app (such as eToro) regulated in your country by top-tier institutions. For example, eToro is safe for US-based traders as FINRA and FinCEN authorise the platform. Furthermore, the best apps also have features such as two-step authentication or biometric identification, which significantly boost security levels.
Each platform will offer a slightly different fee arrangement, with some platforms offering a hybrid between two structures. Brokers tend to charge either a per-trade commission or a spread, with the latter option being either a variable spread or a fixed spread. Aside from trading fees, there are also non-trading fees to consider, such as withdrawal fees and inactivity fees. Reviewing all of these costs is wise, as they can eat into potential profits if left unchecked.
Ease of Use
If you are a beginner, the app’s user-friendliness should be considered. The best altcoin apps have sleek interfaces and a responsive design, making the trading process easy to accomplish. Furthermore, many apps have built-in charting capabilities so that traders can conduct technical analysis and place orders on the same app.
The best altcoin apps will have a selection of altcoins available to trade, rather than just one or two. For example, eToro has 42 different coins to invest in, ensuring ample opportunities in the market. If you’re an advanced trader, you may wish to invest in ERC-20 tokens and coins with a small market cap, which can be done using various crypto exchanges such as Coinbase.
Finally, the features that an app has are also essential to consider. Handy features include a free crypto wallet, which saves you from setting up a wallet with a third-party provider. Furthermore, social trading features (such as eToro’s CopyTrader) can also boost trading effectiveness – especially if you are a beginner.
How to Get Started with an Altcoin App
As you’ll be aware, if you’ve read up to this point in the guide, our pick for the best altcoin app this year is eToro. So, to help streamline the investment process, the four steps below will show you how to begin trading altcoins with eToro – all in less than ten minutes.
Step 1 – Download the eToro App
Head to the App Store or Google Play and search for ‘eToro’. Download the eToro trading app and open it before moving to the next step.
Step 2- Register Your eToro Account
Enter a valid email address, along with a username and a password, to create your account. You’ll also be asked to upload proof of ID (a copy of your passport or driver’s license) and proof of address (a copy of a bank statement or utility bill) to verify your account.
Step 3 – Make a Deposit
New eToro users must deposit at least $50 to begin trading. In terms of payment methods, US-based traders can fund their accounts using credit/debit cards, bank transfers, and e-wallets such as PayPal.
Step 4 – Buy Altcoins
Search for the altcoin you wish to invest in using the search function and click ‘Trade’. Enter your desired position size (minimum of $10), check everything correct, and click ‘Open Trade’.
Best Altcoin Apps USA – Conclusion
In summary, this guide has covered the best altcoin apps available to traders right now, exploring their features and showing you how to choose the right one for you. Altcoin trading is expected to continue growing exponentially over the next year – meaning that finding a suitable altcoin app can be the step you need to take so you can take advantage of upcoming market opportunities.
If you’d like to start trading altcoins today, we recommend using eToro. eToro is one of the best altcoin apps available right now, thanks to low fees on crypto trading and a fractional investing approach. What’s more, eToro allows fee-free deposits and has over 40 different coins to invest in!
eToro – Overall Best Altcoin App with Low Fees
68% of retail investor accounts lose money when trading CFDs with this provider.