Best and Top Free Automated Crypto Trading Apps: Mobile Apps for Buying and Trading Cryptocurrency

Smartphones already occupy a considerable part of our lives, and it doesn’t look like the trend for their growing importance will reverse any time soon. So, it is only natural that the mobile side of the blockchain industry grows extremely fast. Nowadays, it is virtually impossible to imagine a large cryptocurrency or DeFi project without a mobile application. Thus, covering all the variety in one article is not feasible, so today, we will focus on the best crypto trading apps available.

Binance - the best crypto trading app for BTC

Since its launch, Binance has been at the forefront of innovations among centralized exchanges. It is no wonder it is also one of the leaders in the mobile blockchain space.

The platform offers a separate app for its users in the US — imaginatively named Binance.US. This is because regulatory requirements differ vastly from those in most other countries, but both application versions have similar functionality. Despite this dedicated version, it is unavailable in some US states, so check your local laws.

The application offers plenty of great features, such as staking support for almost two dozen tokens, over-the-counter trades, the ability to reduce fees by paying them with BNB, and so on. However, what makes it the best crypto trading app for BTC is that there is no fee at all if you trade BTC for USDC and vice versa.

The application has its fair share of drawbacks. First, its UI and performance leave much to be desired. Second, there is the issue of mounting regulatory pressure in the US. Since the regulators seem to have recently specifically targeted Binance.US, it is not clear how its operation will change in the near future.

Changelly - the best mobile crypto trading app for newcomers

Changelly mainly focuses on providing complete newcomers with assistance when they try to trade cryptocurrency.

Changelly’s UI is designed to be as straightforward and intuitive as possible, simplifying the process of making transactions quite a bit compared with other software offerings on the market. Moreover, it is possible to “lock” a cryptocurrency price for some time to conduct a transaction at a fixed rate without any hurry — many newcomers would certainly appreciate that.

The solution's requirement that users have a non-custodial wallet can also be considered a good thing. This way, newbies will have to learn how to use non-custodial wallets, which is an essential skill in the blockchain world.

Finally, Changelly supports over 500 cryptocurrencies, which is impressive, especially given it is a beginner-oriented solution.

However, Changelly is not the best mobile crypto trading app for professional traders, mainly because it lacks fiat infrastructure. Users who want to trade fiat are redirected to third-party providers, so they have to pass even more KYC procedures, which can get annoying really quickly.

Robinhood - a great free crypto trading app

Strictly speaking, Robinhood is not a specialized application for digital currencies — it also supports company shares, ETFs, and other assets.

Robinhood's main advantage is that it is a free crypto trading app. It does not charge fees for cryptocurrency trades; you only have to pay the blockchain network fee. A well-thought-out user interface and gamified workflow are just a cherry on top.

However, Robinhood's availability is somewhat limited — it works only in the EU, US, and UK. Moreover, due to regulatory restrictions, a different set of cryptocurrencies is available in every region. So, the selection of supported assets does not suit everybody.

eToro - one of the best trading apps for crypto and other assets

Another example of a high-quality “general trading” application that supports cryptocurrencies is eToro. It can be a perfect solution for any trader wanting to engage in multiple markets simultaneously.

In addition to a wide selection of blockchain assets, traders have access to ETFs, stocks, fiat currencies, and so on.

The platform offers a relatively wide selection of blockchain assets, including giants like BTC or ETH and niche coins like Sandbox. In addition, a Smart portfolio feature helps investors with portfolio diversification and rebalancing.

The fees are on the higher side — 1% for cryptocurrency trades. Interestingly, the fee is factored into price charts, so all cryptocurrency quotes on eToro are displayed 1% higher.

However, if you use technical analysis frequently or want to learn it, eToro is not the best trading app for crypto — the available toolkit is extremely limited.

3Commas - a professional automated crypto trading app

3Commas is well-known among professional traders. This bot supports multiple exchanges and offers virtually unrestricted freedom in strategy customization.

Perhaps more important for professionals is the availability of features like trailing stops, dollar-cost averaging, and automated tax reporting.

3Commas has a mobile version that offers all the same powerful functionality. As a result, it is one of the best automated crypto trading apps on the market if you are serious - very few competitors can offer the same range of features.

Uphold - the best mobile app for crypto trading with fiat support

Uphold is a good contender for the title ‘the best mobile app for crypto trading and beyond' because it also supports other assets, namely fiat currencies and metals. The latter is a rare feature among cryptocurrency platforms, so Uphold is a great option if you are also interested in metals.

The platform offers a wide selection of digital assets and even allows users to stake 19 tokens.

Uphold uses an innovative “all-inclusive” fee model. Users are charged a flat fee, announced before the trade, and cannot be changed while the transaction is being processed.

Uphold also tries hard to be as transparent as possible — it updates data on its assets and liabilities every 30 seconds. However, there were some worrying issues with Uphold's data security.

Uniswap - the best decentralized crypto trading app

Uniswap determines the development trends for the entire industry simply because it is the largest DEX on the market. Its high-quality mobile version is one of the main factors behind Uniswap’s success.

The decentralized nature of Uniswap ensures unprecedented levels of user funds security since the platform doesn’t have access to them. At the same time, the huge liquidity available on the platform ensures that the users don’t have to deal with typical problems of smaller DEXes, such as slippages.

Innovative features and extra revenue sources make Uniswap the best decentralized crypto trading app. It allows users to provide liquidity and earn rewards, manage their staking, ERC-20 to ERC-20 token pairs, and more.

Two main drawbacks of the application are its relative complexity and lack of assets other than ERC-20 tokens. The former is “part of the course” for decentralized exchanges, and Uniswap can’t really do much without it. The latter is being worked on — the Uniswap Multichain protocol is already out.

Crypto.com - one of the best apps to buy crypto

Crypto.com is one of the industry's largest and most influential players since it is one of the most famous websites dedicated to blockchain. It is a whole ecosystem with everything from an exchange and staking to educational articles and the newsreel.

Well-developed fiat infrastructure makes Crypto.com one of the best apps to buy crypto. It is very easy to do here. Crypto.com even issues its own banking cards to facilitate the everyday use of digital currencies.

Multiple extra revenue sources are offered, from the Rewards+ program to various staking or “soft lockup” mechanics. Most of these features are available in the mobile version. Moreover, the application is actually required to access Crypto.com's full functionality.

Crypto.com's main drawback is forcing users to rely on its native currency, Cronos (CRO). It provides discounts on fees if they are paid in CRO. Without this discount, the fees are quite high. On the other hand, this policy ensured that Cronos is in the top 40 of Coinmarketcap’s rating by market capitalization. So, the strategy certainly works.