In the financial market, bitcoin has been one of the best-performing assets. This year, the price of bitcoin has surpassed 40,000 USD. This is a guide to the best cryptocurrency investing app in the United States.
Despite its volatility, bitcoin has remained one of the finest investments in recent years. There are various compelling reasons to invest in bitcoin. There are more reasons to consider investing in bitcoin outside its previous success. These are they:
- If you believe it is underappreciated.
- If you believe it is a gold-like store of value.
- If you believe it is the currency of the future.
- If you believe the currency is becoming more widely accepted.
- If you feel a Bitcoin ETF will be accepted in the near future.
Best Crypto Investment Apps
Robinhood Crypto Investing
Is Robinhood a cryptocurrency-friendly platform? Robinhood is the simplest way to invest in bitcoin. To begin with, this is a corporation that was founded in 2013 and is now worth more than $5.9 billion. The company's claim to fame is that no commissions are paid. To do so, visit the website or download the Robinhood app, enter a few personal details, make a deposit, and begin investing right away. There will be no commission on your deals. Here are a few advantages of utilizing Robinhood to invest in Bitcoin.
Check Out: HOW TO INVEST IN BITCOINS
- Easy to use platform.
- Easy to deposit and withdraw funds.
- Invest in other asset classes using the same app.
Cash Program is a new app that is quickly gaining popularity throughout the country. The app, which is owned by Square, is a viable alternative to Paypal's Venmo. More than 15 million Americans utilize it.
While Cash App's primary goal is to facilitate peer-to-peer lending, it just launched a service that allows users to purchase, sell, and share bitcoin.
To utilize it, you only need to open an account, deposit funds, and then purchase bitcoin. Here are a few reasons why you should think about using Cash App.
- It is becoming the most popular money transfer company in the country.
- It is owned by a reputable company with a market cap of more than $22 billion.
- It is easy to use.
- It does not charge any commissions.
Read Also: How To Swap Crypto Coins At The Right Time
Swan Bitcoin is one of the top cryptocurrency investing platforms in the United States, allowing customers to invest and buy bitcoin using their bank account or wire transfers. It is available in every state and territory in the United States. Swan Private, the company's corporate solution, is now accessible for organizations and high-net-worth individuals.
The following are some of the advantages of utilizing Swan Bitcoin:
- It will take money from your linked bank account and buy bitcoin on your behalf.
- Withdrawing bitcoin to a cryptocurrency wallet can be done manually or automatically.
- It's an excellent tool for averaging bitcoin dollar costs.
BlockFi is an American fintech company that allows cryptocurrency investors to save, borrow, and earn interest on their holdings. The platform is available in 47 states across the United States. BlockFi provides an interest account, which is a savings account where users may save their cryptos and earn interest rather than putting them in a wallet and earning nothing. There are no minimum balance requirements for the company.
Over the years, Coinbase has been the subject of numerous complaints and controversy. Some crypto investors are concerned about problems such as security, privacy, and transparency.
Coinbase is the largest Bitcoin exchange in the world. The company has raised over $500 million in capital since its inception and is now valued at over $8 billion. Anyone may simply purchase, sell, and invest in bitcoin and other cryptocurrencies through the company. To do so, simply create an account, deposit funds, and purchase cryptocurrency.
CoinBase uses both cold and hot storage to keep your coins safe. Hackers cannot access cold storage because it is usually offline. You can also learn about other cryptocurrencies while earning money with the organization. There are several advantages to using CoinBase.
- It is the world's largest cryptocurrency exchange.
- It is well-funded, allowing it to invest in security.
- The Recurring Buys service allows you to invest in bitcoin over time.
- You can effortlessly manage your portfolio.
- Capabilities for advanced charting.
Gemini Crypto Investing
Gemini, like Coinbase, is a cryptocurrency broker based in the United States. These services are provided to both institutional and individual investors by the company. The famed Winklevoss twins own the business. All you have to do to use their platform is create an account, deposit funds, and begin trading. Their advantages include:
- A well-funded platform.
- Easy to deposit and withdraw funds.
- Quality charting platforms.
- Invest in bitcoin and other currencies.
See Also: Best Nigerian Crypto Exchange
Final Thoughts on Best Apps for Investing in Cryptocurrency
There are numerous cryptocurrency investment apps available in the United States that can assist you in purchasing and investing in bitcoin. These are, nevertheless, the safest and most well-funded platforms. You should also be aware of a few things before investing in bitcoin. To begin with, it is one of the most volatile assets, meaning that its price can rapidly rise and plummet within minutes. Second, to avoid losing money, only use reputable sites. Finally, just put a tiny percentage of your money into bitcoin.
Also discover in this article the Top 5 Cryptocurrency Scams and How to Avoid Them.