Home News Best Bitcoin Investment Apps To Use

George Spencer

21 Sep 2021

Best Bitcoin Investment Apps To Use

If you want to start investing in Bitcoin, you need to use the best Bitcoin investment apps that provide the best security and are available within your jurisdiction.

At the time of writing, the cryptocurrency market was worth over $2.3 trillion. Bitcoin alone has a market cap of $850 billion or 58% of the entire industry. The huge potential and mouthwatering ROI associated with Bitcoin are some of the reasons why investors are looking to add a new asset class to their portfolio.

Interestingly, an increasing number of traditional, public-traded companies, including $1.2 billion-valued MicroStrategy, and Square recently bought Bitcoin as part of their reserve assets.

Whether you’re a retail investor or a portfolio manager, you’re apparently looking to start investing in Bitcoin, hence the reason you’re reading this article. In this article, we provide a shortlist of the best bitcoin investment apps that you can start using today.

Getting Started With Bitcoin Investment Apps

One interesting thing about buying Bitcoin is that it gets easier every day. Companies and individual players in the market are either improving existing bitcoin investing apps or launching new ones with better features. To help you understand this better, let’s briefly talk about the first Bitcoin trade.

First Bitcoin Trade

The first known trade of Bitcoin on an exchange took place on July 17, 2010. The venue was now-defunct Bitcoin, exchange website, MtGox. The transacting parties exchanging 20 BTC for $0.04951 per whole bitcoin, while the total size of the transaction was just under $1.

It marked the first time people were able to buy bitcoin via a platform, and not peer-to-peer and in real-life.

Fast forward to the present, there are now thousands of Bitcoin investment app that make the buying and selling of digital currency similar to online shopping. In fact, one might argue that there’s always a way for you to invest in bitcoin, regardless of your location.

Why Use Bitcoin Investment Apps

Since your mobile phone stays with you almost every hour, bitcoin investment apps are perhaps an ideal way to track your bitcoins or buy more at any given time. Some apps even allow you to set up recurring buys (daily, weekly, or monthly) while still allowing you to custody your bitcoins.

We know that choosing the best app to invest in bitcoin from the thousands that exist might be confusing and time-consuming. This is why we’ve made this shortlist of the best Bitcoin investing apps that could suit your investment needs.

Meanwhile, although the minimum bitcoin investment amount varies from platform-to-platform, but you can get started with buying bitcoin for as low as $10-$30 when you use these apps and exchanges.

Top Ten (10) Best Bitcoin Investment Apps to Use Today

1. Square Cash App

Suitable For: Long-term Investing

The Cash App is arguably one of the best bitcoin investment apps. It is a peer-to-peer mobile payment service developed by Square, Inc in October 2013. With over 20 million users, Cash App allows people to buy Bitcoin conveniently.

Founded by Bitcoin enthusiast owner, Jack Dorsey, Square user consumes a significant chunk of new BTC supply, while the company funds Bitcoin developers to further secure the network.

Supported Cryptocurrencies: Bitcoin (only)

Deposit and Withdrawal: Square’s Cash App allows users to deposit up to $10,000 worth of Bitcoin weekly. Investors can only make withdrawals if they have a balance of at least 0.0001 BTC. But, you’ll need to enable the withdrawal and deposit feature in the app before you can use it.

Payment Methods: Being a mobile payment app, Cash App lets users buy Bitcoin from their balance. You can choose to add funds to your Cash App via debit and credit cards issued by MasterCard, Visa, Discover, and American Express.

Supported Mobile: Android and iOS.

Recurring Buys: Available

Supported Countries: Cash App is available in the United States and the United Kingdom. It can only be used to send funds within the supported countries.

2. Coinbase

Suitable For: Trading and Long-term Investing

Coinbase is a leading cryptocurrency company. Coinbase provides a vast variety of products, including a standard trading platform, and a wallet for retail investors. Founded in 2012, Coinbase is completely licensed and regulated in over 40 U.S. states and territories.

Supported Cryptocurrencies: Bitcoin, XRP, Bitcoin Cash, Litecoin, Ether, etc. The platform continuously broadens its list of supported coins.

Payment Methods: Coinbase users have four payment options available to them. These are Bank Account (ACH), Debit Card, Wire Transfer, and PayPal. Noteworthily, these payment methods are limited to certain services on the exchange. For instance, PayPal can only be linked to a Coinbase account for withdrawal purposes. 

Deposit and Withdrawal: According to Coinbase, the deposit and withdrawal limits depend on the user’s preferred method for payment. However, there’s no limit to how much the customers can sell to your fiat wallet (whether in USD, GBP, or EUR).

Recurring Buys: Available

Supported Countries: Aside from the United States, Coinbase offers its crypto investment app to investors in more than 100 countries, including the United Kingdom, Australia, Canada, Chile, Ecuador, etc. 

Supported Mobile OS: Android and iOS

3. River Financial

Suitable For: Long-term Investing

Despite only launching in late 2019, San Francisco-based River Financial is another top bitcoin investment app worth checking out. The app is exclusively designed to serve both retail and institutional Bitcoin investors and provides a special tracking tool for users to assess how their Bitcoin portfolio has performed over time. 

If you’re investing in Bitcoin for the long-term, River Financial is definitely a good option.

Supported Cryptocurrencies: Bitcoin.

Payment Method: River Financial supports ACH payments to add funds. Users can link their bank accounts.

Deposit and Withdrawal: Both verified and unverified users can buy and sell up to $25,000 Bitcoin. However, unverified users cannot deposit or withdraw their Bitcoin except they complete their KYC requirements. Verified users have unlimited deposit and withdrawal options.

Recurring Buys: Available

Supported Countries: United States.

Supported OS: Mobile Web and Desktop

4. Kraken Exchange

Suitable For: Trading and Long-term Investing

Launched in 2011, Kraken is a crypto exchange that provides spot and derivatives trades. The platform has a mandatory AML and KYC requirements. 

Supported Cryptocurrencies: Bitcoin (BTC), Bitcoin Cash, Dash, Montrose, Stellar, Zcash, Ethereum, Dogecoin, EOS, etc.

Payment Methods: Kraken accepts bank transfers and debit card bitcoin purchases. The platform supports a range of fiat currencies: USD, EUR, CAD, AUD, GBP, CHF, and JPY.

Deposits and Withdrawal: The platform offers unlimited deposit and withdrawal. Kraken charges a five-dollar fee for USD withdrawals. 

Supported Countries: Kraken offers its services to all U.S. users except those in Washington DC and New York. It has restrictions on many countries like Cuba, Japan, Tajikistan, North Korea, Iraq, and Iran. 

Supported OS: Android and iOS

5. eToro

Suitable For: Trading

eToro is among the best apps if you’re looking to go beyond Bitcoin to invest in other cryptocurrencies. The platform accepts users from almost all countries in the world.

As a social platform for trading forex, stocks, and cryptocurrencies, investors can see the trades that other individuals are opening and closing.  The app also has a special feature that allows users to copy other professional traders’ positions on the platform.

Supported Coins on eToro: Bitcoin, Ether, Ripple, Bitcoin Cash, Litecoin, and Stellar.

Payment Method: eToro accepts several methods, such as credit and debit cards, Neteller, PayPal, WebMoney, Skrill, wire transfer, Yandex, and even ACH. 

However, most of these options are limited to certain countries. As a result, customers can only use the methods supported in their location. 

Deposit and Withdrawal: Unverified users are limited to depositing a maximum of $2,250, while verified users can deposit at least $10,000 to their eToro accounts. The withdrawal limit for unverified accounts is $50.

Recurring Buys: Not Available

Supported Countries: eToro supports several countries for its wallet application. These include Ecuador, Estonia, Finland, France, Ukraine, United Arab Emirates (UAE), United Kingdom (U.K.), United States (U.S.), and more.

Supported Mobile OS: Android and iOS

Share

Buy/Sell at the best rates

Bitcoin BTC

-0.04%

Buy for

16575.30

Buy for

16575.30

Ethereum ETH

-0.04%

Buy for

16575.30

Buy for

16575.30

XRP (XRP)

-0.04%

Buy for

16575.30

Buy for

16575.30

Binance (USD)

-0.04%

Buy for

16575.30

Buy for

16575.30