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Since we live in the era of smartphones, we always want to find the most convenient applications for our devices. Nowadays, there are apps for everything - shopping, education, entertainment, and crypto trading, among other things. If you’re searching for the best crypto app for beginners, you’re in the right place!

Normally, to find the best app specifically for you, you would have to go through numerous crypto app reviews. However, it's your lucky day because you won’t have to search for these reviews yourself. I’ve gathered a list of the 8 best cryptocurrency apps for beginners in one place. You’ll find such crypto giants as Binance, Ledger, Coinbase, and so on.

Obviously, before jumping into the best crypto app reviews, we must first distinguish what makes an app the best crypto app out there. So, we’ll begin with the evaluation criteria that must be considered when searching for the best crypto app for beginners.

The crypto apps that you’ll find here are the following:

  • ByBit (trade and learn at the same time)
  • BitDegree (solve Web3 Missions to earn rewards)
  • Binance (advanced trading app for everyone)
  • Ledger Live (Ledger hardware wallet app)
  • Coinbase (extensive trading and earning options)
  • Kraken (super user-friendly)
  • SafePal Wallet (a feature-packed crypto wallet)
  • KuCoin (numerous earning possibilities)

Now, let's get to it!

Best Crypto App for Beginners: Evaluation Criteria

So, what are the main evaluation criteria when searching for the best crypto app for beginners? While each individual could probably distinguish a huge variety of criteria based on their needs, the most basic ones include user-friendliness, feature variety, device compatibility, and design.

Talking about user-friendliness, since this is an article dedicated to the best cryptocurrency app for beginners, it is the most important factor. Though, whether you are a beginner or an experienced crypto app user, you would probably always choose an easy-to-use app. No one wants to make their life complicated, right?

What makes an app easy to use? Well, of course, it’s important that all registration and identity verification processes are easy to understand. However, the most important thing is an intuitive and simple user interface (UI).

Best crypto app for beginners: Download on the App Store or get it on Google Play.

Now, while ease of use is important, you are obviously searching for an app because you want it to do something, right? It doesn't matter if you are a beginner or a seasoned crypto app user. Thus, feature variety is yet another deciding factor when it comes to choosing the best crypto app.

Moreover, device compatibility is definitely a point that is considered in all crypto app reviews. If you want to download an app, you sure want it to be compatible with your device. Whether you’re searching for the best crypto app for iPhones or the best crypto app for Androids, worry not, you’ll definitely find it here!

Lastly, the design of the app is also quite noteworthy. While it might not be important to everyone, let’s admit it, there’s just always something sketchy about the app that has a weird or old-school design. Aesthetically pleasing designs, on the other hand, really make your experience much better.

Now that you know the main things you should consider when choosing the best crypto app for beginners, let’s proceed to the list of apps I handpicked for you!

 

Raj Kapoor

Founder and CEO at India Blockchain Alliance

What fundamental features should a cryptocurrency app include to support beginners effectively?

The app should focus on ease of use and educational support. The UI must be intuitive, with simple navigation and clear instructions, minimizing the complexity of blockchain technology. Must-have features should include secure account creation, two-factor authentication, and wallet functionality to store multiple cryptocurrencies safely. Finally, a responsive customer support system, including FAQs and chatbots, will be great for beginners.

1. ByBit – Learning About Crypto Made Easy

Ranks #1 out of 8

ByBit is yet another Bitcoin trader app that is worth mentioning in this best crypto app for beginners list. ByBit is one of the top players in the crypto exchange industry. The app offers access to various trading options provided by the exchange, as well as a built-in crypto wallet.

Is it easy to use? Well, at first glance it might seem that it’s not so easy to use because it offers a variety of trading options for both beginners and professionals. However, don’t get scared by the variety of choices, the UI itself is definitely easy to navigate, even if you’re yet to get familiar with the concept of crypto trading.

What does it offer in terms of features? For starters, you can, of course, buy and sell crypto easily using fiat money or other crypto assets. Besides that, you can earn through a variety of DeFi activities including mining, yield farming, and so on.

Additionally, it even offers copy trading, which is a great tool for beginners. It allows you to trade by copying the trading patterns of successful traders. So, it’s a great way to learn more about trading.

Best crypto app for beginners: ByBit.

Speaking of learning, there is also the ByBit Learn platform, which provides users with a bunch of tutorials that teach how to use ByBit’s main features. This is one of the reasons why ByBit is one of the best crypto apps for beginners.

Now, where does ByBit stand in the never-ending iOS vs. Android battle? Well, actually, on both sides. No matter if you’re a fan of iOS searching for the best crypto app for iPhone, or you’re a fan of the Android operating system searching for the best crypto app for Androids, ByBit has got you covered.

Design-wise, ByBit follows industry standards and provides users with a minimalistic and appealing app design. Besides, if you’re not a fan of the light theme, you can also switch to the night mode, which features dark colors that are easier on the eyes.

That pretty much settles this crypto app review. ByBit is one of the apps that are definitely worth the attention of both – novice traders and experienced crypto enthusiasts.

Visit Bybit
...or read our Bybit review

2. BitDegree - A ‘Learn-2-Earn’ Crypto Missions App

Ranks #2 out of 8

The BitDegree app stands out from the other best crypto apps for beginners discussed in this article. It’s neither a wallet nor an exchange, and not even a GUI - instead, you may view the app as a fantastic tool to learn about crypto and earn / win rewards / prizes in the process.

As you might already know by now, the BitDegree Missions are a gamified and incentivized approach to learning crypto & Web3. Players solve quizzes, perform social actions, and even interact with different blockchain networks in order to complete a Mission, and are then rewarded with Bits (think: experience points) and additional goodies.

These “additional goodies” will vary from Mission to Mission, but they can involve everything from crypto tokens & stablecoins, all the way to tangible rewards, such as hardware wallets and merchandise.

Best crypto app for beginners: the BitDegree Missions app.

The BitDegree Missions are available to be accessed via BitDegree’s official website, but not too long ago, an app was launched, as well.

Available on both Android and iOS, the BitDegree app allows users to access all of their favorite Missions in one place, on their mobile device, and in a convenient manner. You may browse your profile and view your achievements, collectibles (badges, Bits), access different Guilds (as soon as they launch), your friends list, and in the future - a dedicated leaderboard.

Best crypto app for beginners: the BitDegree Missions app Leaderboard section.

The app is fully gamified and very intuitive to use. The Missions have been designed to be mobile-friendly, so even if you don’t have your computer by your side when a new Mission drops, you can still complete it, no sweat!

The best part? It’s all completely free to access, no strings attached - the app is free, the Missions are free, participation is free - you get the idea. All you need to do is download the app, create an account in BitDegree (with your wallet and email address), log in, and start participating!

Visit BitDegree App

3. Binance – An All-in-One Crypto Trading App

Ranks #3 out of 8

I’m pretty sure that you’ve already heard about Binance if you’ve dipped your toes into the crypto world even a little bit. After all, it is one of the most popular crypto giants out there. The Binance app provides users with access to both – a crypto exchange and a built-in hot wallet. So, it’s surely one of the best crypto apps for beginners.

What about user-friendliness? Well, it might get a bit confusing at first glance because there are so many different things you can access. However, you’ll quickly notice that everything is clearly distinguished into different sections. Besides, the app provides users with a guide and quick tips every time they access new features.

The registration process is also pretty straightforward. Though, do note that Binance is a centralized exchange that requires users to pass the KYC verification process to unlock the full potential of the exchange. This process might get a bit confusing. However, there’s always customer support if you need any help.

Moving on, what about the feature variety of the Binance app? Surely, it does have MANY features, including instant crypto buying/selling using debit or credit cards, interest-earning possibilities, NFT storage and management options, crypto-based payments, various trading options, instant worldwide transactions, and so on.

Best crypto app for beginners: Binance.

In essence, the Binance app offers anything a crypto trader might need. Do you think that this makes it a bit complicated for inexperienced crypto app users? Well, maybe; however, Binance offers both Lite and Pro interface versions. Thus, if the Pro version gets a bit too complicated for you, just switch to the Lite one.

Now, is the Binance app one of the best crypto apps for iOS devices or one of the best crypto apps for Android devices? Both! Users can download it from the App Store, Google Play, and any other Android-compatible stores.

In addition to that, it can even be downloaded on computers, as it offers macOS, Windows, and Linux versions. So, you can basically access Binance from any device you have.

The remaining point that should be discussed is the design. Does the Binance app offer an appealing design to its users? The short answer is yes. It has a simple yet professional design that doesn’t make you question if the app is legit or not. Besides, it offers both – dark and light themes, which is great news for all dark-theme lovers out there.

Overall, it’s safe to say that Binance checks all the boxes if you’re looking for an all-in-one user-friendly app for crypto trading, holding, and earning.

Visit Binance
...or read our Binance review

Compare Crypto Exchanges Side by Side With Others

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Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

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4. Ledger Live – Especially Secure Web3 Wallet

Ranks #4 out of 8

A crypto app that must be on the best crypto app for beginners list is Ledger Live. Ledger itself is one of the leading hardware wallet providers. Ledger Live app is an all-in-one app that is made for Ledger Flex (or other Ledger device) owners. In essence, it allows users to swap, buy, or earn crypto, manage NFTs, and access various Web3 apps.

Though, do note that it must be linked to a Ledger device; without it, you cannot use the app. If you don’t know already, hardware wallets like Ledger Flex are a must for anyone who wants to store their crypto assets securely in cold storage (offline), which is much safer than hot storage (online).

On that thought, let’s get back to the Ledger Live app.

Is it user-friendly? It definitely is! Ledger Live offers a simple and intuitive interface that is perfect for both – beginners and seasoned users. No matter if you want to connect your Ledger Nano X with the app, browse dApps, or see your balance, you won’t have to break a sweat figuring out how to do these things.

The registration process is also quite easy. You can either set up a new device or restore an already existing device. Besides, instead of always using these long recovery phrases, Ledger Live allows you to set a 4-8 digit PIN, that lets you access your device quickly.

Best crypto app for beginners: Ledger Live.

Now, what can you do with this app? Well, a lot! Once you connect your Ledger device, you can buy, swap, or grow your crypto assets, manage your NFTs, follow the crypto market, connect to dApps, and even use the app to pay with crypto through your CL Card, which is powered by Ledger.

That being said, let’s talk about device compatibility. Ledger Live falls into both the best crypto app for iPhone devices and the best crypto app for Android devices categories. Thus, no matter on which side of the barricade you are, if your phone has iOS or Android operating system, you’ll be able to download Ledger Live.

Besides, you can also install Ledger Live on Windows, macOS, and Linux devices. This way, you’ll be able to access your Ledger devices from both – computers and smartphones.

What about Ledger Live app design? Let me tell you this, if you like your apps to be simplistic but have a sort of edgy-and-cool style, you’ll definitely say that Ledger Live is the best crypto app. Like most apps, it has a dark and light mode. Though, there’s also a dusk mode, for those searching for the in-between.

Overall, Ledger Live is definitely a runner-up in our best cryptocurrency app for beginners list. It’s easy to use, pleasing to the eye, and super convenient for Ledger device users.

Visit Ledger Flex
...or read our Ledger Flex review

5. Coinbase – One of the Leading Crypto Trading Apps

Ranks #5 out of 8

Next up on our best crypto app for beginners list is Coinbase. Coinbase is another well-known name in the crypto trading industry. The Coinbase app provides users with access to an exchange and a crypto wallet. However, do note that there is also the Coinbase Wallet app that provides users with a crypto wallet specifically.

Though, let’s focus on the Coinbase exchange app.

There’s no doubt that it is a user-friendly app. Even if you are a true beginner, you will see that Coinbase has a pretty simple UI. Considering the creation of the account, the process is also hassle-free. Just note that, after creating an account, you must pass the identity verification process in order to start trading.

While it is quite simple to use, it sure does offer a lot of features. It allows users to buy, sell, and earn crypto assets or use advanced trading tools. Additionally, it allows you to access a huge variety of dApps through either the built-in crypto wallet or by connecting the Coinbase Wallet to the Coinbase app.

Best crypto app for beginners: Coinbase.

If you are a true beginner and want to buy your first Bitcoin, Coinbase offers an easy buy/sell feature, which allows you to purchase crypto using debit or credit cards. It definitely makes Coinbase a great Bitcoin trader app for beginners.

Now that that’s settled, it’s also worth noting that the Coinbase app can be considered as both – the best crypto app for iOS devices and the best crypto app for Android devices. In addition to that, users can also download a wallet extension for the Chrome browser, which is definitely a plus.

Lastly, let’s talk about the design of the Coinbase app. Does it fit into the best crypto app design standard? It sure does. Coinbase app design is simple and easy on the eyes but at the same time professional looking. Besides, like any other high-level app, Coinbase jumps on the light/dark theme bandwagon.

So, as you can see, Coinbase is definitely worth looking into when it comes to searching for the best cryptocurrency app for beginners. It allows them to trade and store crypto, as well as access a variety of dApps.

Visit Coinbase
...or read our Coinbase review

6. Kraken – An App for Any Beginner Trader

Ranks #6 out of 8

Another worthy member of this best crypto app for beginners list is the Kraken app. Kraken itself is one of the leading crypto exchanges out there. The Kraken app allows users to easily buy and sell crypto as well as track their portfolios.

Do note that, besides the beginner-friendly Kraken app, there is also the Kraken Pro app, which provides users with advanced trading features, staking possibilities, and funding on the go. While this app might not be the best for beginners, it is worth looking into for those who seek for more advanced trading experience.

Getting back to the Kraken app, it’s surely great for beginners. The Kraken UI is very intuitive and simple to use. Buying and selling crypto on the Kraken app is definitely a hassle-free process that doesn’t really leave space for failure.

When it comes to registering on the Kraken app, the process is pretty much the same as with other exchange/wallet apps that are mentioned in this list. After creating an account, users also have to undergo the verification process to access the features of the app. Though, don’t worry - the whole process is self-explanatory.

Best crypto app for beginners: Kraken.

Feature-wise, this might not be the most extensive app. However, for beginners, it offers all they need to start – buying and selling crypto. Besides, the Kraken app allows users to purchase crypto assets like Bitcoin or Ethereum using a variety of fiat currencies, which is great if they don’t yet have their own crypto.

In addition to that, it even supports Apple Pay, which makes buying crypto as easy as purchasing clothing online. So, there’s no doubt that Kraken is a very beginner-friendly Bitcoin trader app.

As for device compatibility, Kraken can be considered as one of the best crypto apps for iPhones, as well as one of the best crypto apps for Androids. However, do note that the app is not available in all countries. For example, it cannot be accessed in Luhansk, Iran, Crimea, Cuba, Donetsk, Syria, and North Korea.

Finally, what about the design of the Kraken app? Well, just like the Kraken website itself, the app has a colorful and artsy design, which is definitely pleasing to the eye. Though, as of writing, the app does not offer the dark app mode. The Kraken Pro app, on the other hand, does.

That being said, there’s no question that Kraken is one of the best crypto apps for beginners. It provides them with an especially simple and fast crypto buying and selling process.

Visit Kraken
...or read our Kraken review

7. SafePal Wallet – An All-in-One Crypto Wallet

Ranks #7 out of 8

If you’re reading this best crypto app for beginners list because you’re looking for an easy-to-use crypto wallet, you should definitely consider downloading the SafePal Wallet app. It is a crypto wallet that is suitable for both newcomers and experienced crypto traders.

It’s also worth mentioning that SafePal provides users with a hardware wallet in addition to a mobile-based hot wallet. Though, unlike Ledger Live, the SafePal Wallet app is a separate software wallet that can be used without owning the SafePal hardware wallet.

In terms of usability, the SafePal Wallet app is surely simple to use. You shouldn't have any issues going through SafePal because the user interface was created with users in mind. The registration process is also clear-cut and simple to comprehend, so there is no place for getting lost or confused during it.

The SafePal Wallet app not only allows users to store crypto assets but also allows them to buy, sell, swap, and earn from fungible and non-fungible tokens. Additionally, it can be linked to a variety of dApps. Besides, note that you can link more than one wallet to the SafePal Wallet app. This includes both SafePal hardware and software wallets.

Best crypto app for beginners: SafePal Wallet.

Moving further in this crypto app review, whether you’re searching for the best crypto app for iPhone or for the best crypto app for Android, SafePal falls into both categories. Besides that, the project also offers a browser extension for Chrome, so you can easily use your wallet on any device.

The design of the app is minimalistic yet aesthetically pleasing. Whether you like your apps to be in dark mode or light mode, SafePal allows you to choose either way. Besides, the simplicity of the app design also adds up to its easy usability.

Overall, the SafePal Wallet app is surely a worthy member of this best cryptocurrency app for beginners list. It offers a variety of options for crypto management with a hassle-free and intuitive user interface.

Visit SafePal
...or read our SafePal review

8. KuCoin – Trade, Store, and Earn Crypto Easily

Ranks #8 out of 8

What else do we have in this best crypto apps for beginners list? The KuCoin app! KuCoin itself is one of the biggest players in the crypto trading world.

The KuCoin app allows users to buy/sell crypto, use different trading modes, and access a variety of earning tools, all while using solely their smartphones. There is a built-in crypto wallet in the KuCoin exchange app. However, do note that there is also the KuCoin Wallet app, which provides users with an actual software wallet.

Getting back to the KuCoin exchange app, the first point we have to discuss is whether it is easy to use or not. The answer is yes, it is easy to use no matter your knowledge level.

Though, if we were to look into it more, the situation is similar as with other extensive exchanges – it offers many different features, which might make it look confusing. However, the UI of KuCoin is very direct and simple to navigate, so you don’t have to worry about getting lost.

The registration process is the same – you won't have to exert much effort. The procedure is the same as that used by other applications of a similar nature. In addition, if you do run into any issues, customer support is always available.

Best crypto app for beginners: KuCoin.

Talking about features, I already mentioned above that it offers all the features a great Bitcoin trader app must have. This includes buying and selling crypto using fiat and other crypto assets, employing advanced trading features, and earning crypto through several earning tools.

So, the KuCoin app is user-friendly and it has a variety of features. What else must an app have to be considered one of the best crypto apps for beginners? It must be accessible to users of various devices. So, if you typed into Google “best crypto app iOS”, KuCoin will definitely be in one of many crypto app reviews that pop up.

Though, don’t worry, if you are searching for the best crypto app for Androids, KuCoin is also a great option. It can be downloaded both on Google Play and other Android-based app stores.

Finally, what is left to discuss is the design of the app. Does the KuCoin app have an appealing design? Yes, it definitely does. Can you switch between light and dark modes? Yup, you can. With that being said we can definitely say that the design of the KuCoin app is not inferior to its competitors.

Overall, it can be stated that, whether you’re searching for the best crypto app for iOS or the best crypto app for beginners, KuCoin is surely worth your attention.

Visit KuCoin
...or read our KuCoin review

Conclusions

As you’ve probably figured out by now, there’s always a variety of aspects to consider, no matter if you’re looking for the best crypto app for beginners, for advanced users, or for any other reasons.

However, since we’re focusing on beginners, it’s obvious that a user-friendly interface is the first thing you should consider. Though, of course, the functions provided by the app are also very important. Even if you are a beginner, you still want to download an app that is actually useful!

Surely, let’s also not forget that you possibly came here while searching for the best crypto app for iOS devices or for the best crypto app for Android devices. Thus, device compatibility is as important as the aforementioned aspects when it comes to choosing the right crypto app.

Now that we’ve dotted all the i's and crossed all the t's, I sure hope you’ve found at least one perfect crypto app for you. Either way, I wish you all the best in exploring the crypto world!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

About Article's Experts & Analysts

By Raj Kapoor

Founder and CEO at India Blockchain Alliance

Raj Kapoor is the founder of India Blockchain Alliance, the most prominent Indian emerging technology think tank. He is an advisory board member of over 50 blockchain companies, including Floyx, Spherium, and Sarva Labs. Among other things, Raj Ka...

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
Raj Kapoor Founder and CEO at India Blockchain Alliance
Raj Kapoor is the founder of India Blockchain Alliance, the most prominent Indian emerging technology think tank. He is an advisory board member of over 50 blockchain companies, including Floyx, Spherium, and Sarva Labs. Among other things, Raj Kapoor is a blockchain, cryptocurrency, and FinTech educator. He is a certified Bitcoin professional (CBP) and blockchain solution architect. Recently, Raj Kapoor spoke and recommended solutions at the G20 on compliance, regulations, and standards to be adopted to regulate cryptocurrencies. Raj has helped organize India's most significant blockchain and cryptocurrency events across major cities. Raj Kapoor has designed and worked on 4 blockchains, 5 CEXs, 3 swaps, and 3 DEXs. He is now working with his team on India's indigenous blockchain. Raj is also working on sustainable and socially impactful blockchain projects aligned with the UN Sustainable Development Goals.

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Tyra Richards

5.0/5.0 - Bybit User
25/11/2024

Good company to invest

Good company to invest

Evaluation

Price value
Ease of Use
Experience
Features
Safety

F. Lutz

5.0/5.0 - Binance User
06/09/2024

Huge platform

Binance has hundreds of cryptos to choose from, that sealed the deal for me. All in one place, just have to put in the effort to resaerch before investing.

Evaluation

Price value
Ease of Use
Experience
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Safety

Alesha Yoder

5.0/5.0 - KuCoin User
04/11/2024

New trader in town

Very happy i decided to choose this platform as a beginner trader, was very easy to learn and use from the start

Evaluation

Price value
Ease of Use
Experience
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Safety

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FAQ

What should you take into consideration when choosing the best crypto app for beginners?

Well, there are many points one can consider based on their own preferences. However, if you are searching for the best crypto app for beginners, you sure want it to be user-friendly. Besides, the perfect app should offer useful features, be compatible with both iOS and Android systems, as well as have an appealing design. Some of the apps that check all these boxes include Binance, Kraken, and Ledger Live.

What are some of the best crypto wallet apps?

Looking for an all-in-one crypto wallet app? In that case, you should definitely check out the SafePal Wallet. It is a software wallet that offers various features and can also be connected to the SafePal hardware wallet. Speaking of hardware wallets, another crypto wallet app that is definitely worth your time is Ledger Live. It’s an app that allows you to manage your Ledger Nano X (or other Ledger devices) and immerse yourself in the Web3 world.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no "other person" - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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