Top Ten (10) Best Bitcoin Investment Apps To Use in 2020

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 is worth over $360 billion. Bitcoin alone has a market cap of $212 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 the new asset class to their portfolio.

Interestingly, still 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.

Bitcoin Plan B

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

Coinbase BTC Purchase

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

River.com Bitcoin Investment

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

Kraken Bitcoin Investment App

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

eToro Bitcoin Investment App

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 trading platform, 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: 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

6. CoinCorner

CoinCorner Bitcoin Investment App

Suitable For: Long-term Investing

CoinCorner launched in 2014 and deservedly makes our list of top bitcoin investment apps for its ease of allowing even new investors to start to buy bitcoin.  Using CoinCorner you can trade, purchase, send, transfer, receive, and of course, store Bitcoin, and a few other cryptocurrencies now available on the platform.

Supported Cryptocurrencies: When it was first established, CoinCorner supported only Bitcoin transactions. However, the platform has now expanded its list to include other cryptocurrencies like ETH, LTC, and XRP.  

Payment Methods: Credit and debit cards, direct bank transfer, SEPA, and Neteller.

Deposit and Withdrawal: The withdrawal option is only available for verified accounts on CoinCorner with no withdrawal limit. However, the minimal withdrawal sits around £30 for GBP and €40 for EUR.

The minimum for card deposits is 10 GBP/EUR and 20 GBP/EUR for Neteller. There’s no limit for direct Bitcoin deposits. 

Supported Countries: CoinCorner is headquartered at the Isle of Man in the United Kingdom. However, it accepts users from countries like Argentina, Australia, Belgium, Brazil, Canada, France, Italy, Kenya, etc.

Supported Mobile OS: Android and iOS

7. Voyager

Voyager Bitcoin Investment App

Suitable For: Investing

The Voyager cryptocurrency investment app serves both institutional and retail investors. The platform provides customers with the best means of purchasing and storing their crypto assets. 

Supported Coins: Voyager allows its users to invest in over 50 cryptocurrencies, including Bitcoin (BTC), Ox (ZRX), BAND (Band Protocol), BAT (Basic Attention Token), Bitcoin Cash (BCH), Cardano (ADA), BTT (BitTorrent), and more.

Deposit and Withdrawal: New users on Voyager can make a minimum deposit of $10 through bank transfer and a maximum of $5,000 within 24 hours. The maximum withdrawal is fixed at $25,000 daily, and can only be completed via a total number of 20 transactions.

Supported Countries: Voyager is available in every U.S. state except New York. 

Supported Mobile OS: Android and iOS

8. Crypto.com App

crypto.com app

Suitable For: Trading and Short-term Investing

Crypto.com is another popular crypto investing platform and card provider. The exchange was founded in early 2016 and is headquartered in Hong Kong. It allows users to purchase more than 30 cryptocurrencies, including top-performing assets. The platform also offers additional services like CRO staking and Soft Staking for passive income. 

Supported Cryptocurrencies: Bitcoin, Bitcoin Cash, EOS, Ethereum, Ripple, Stellar, Litecoin, USDC, USDT, Algorand, COSMOS, Tezos, ICON, VeChain, etc. 

Payment Methods: Bank transfer, cards, and crypto transfers. 

Deposit and Withdrawal: The amount of crypto purchase you can make with card payment per week on Crypto.com depends on your location. There is no limit for depositing or withdrawing cryptocurrencies for verified users.

Supported Countries: Some of the supported countries include Argentina, Barbados, Bermuda, the United Kingdom, Vietnam, and Ukraine. 

Supported Mobile: Android and iOS.

9. Tradestation

Trade Station Crypto Investing

Suitable For: Trading

Tradestation is a U.S. stockbroker founded in 1982. It is regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). 

The company’s crypto-focused unit is one of the best apps for investing in bitcoin and cryptocurrencies. The platform also aggregates diverse pools of liquidity in a consolidated market data feed that merges with an intelligent order routing network. This gives users better visibility and execution of their trades. 

Supported Cryptocurrencies: Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, and more.

Payment Methods: Tradestation accepts wire transfer, and users can send money from an existing brokerage or bank to their account on Tradestation.

Deposit and Withdrawal: Tradestation provides lots of account base currency alternatives and just one free withdrawal monthly. It has no deposit fee, and there are no charges incurred for your first withdrawal every month. 

Supported Countries: Tradestation offers its services in selected locations in the United States, including North Dakota, Vermont, North Carolina, Wyoming, and Washington DC. 

Supported Mobile: Android and iOS.

10. Binance

Binance Bitcoin Investment

Suitable For: Trading

Binance earns a place on our list of best bitcoin investment apps. The reason is that Binance is the world’s largest cryptocurrency exchange in terms of the daily trading volume. The platform was founded in 2017 by CEO Changpeng Zhao.  

Supported Cryptocurrencies: Binance provides access to over 100 crypto-assets such as Bitcoin, Ether, XRP, Bitcoin Cash, BUSD, Cosmos, COTI, TRX, USDT, etc.

Payment Methods: Binance accepts cards, bank deposits, P2P trading via bank transfers, and third-party payment processors like Simplex and Banxa. 

Deposit and Withdrawal: There is no limit to the number of coins you can withdraw or deposits. You can deposit and withdraw funds in either fiat money or crypto. 

Recurring Buys: Available

Supported Countries: Japan, Yemen, Germany, Russian Federation, Uruguay, Australia, Cameroon, Nigeria, and many more. The exchange has also established country-specific platforms for the U.S. and U.K. markets – Binance US and Binance UK. 

Supported Mobile OS: Android and iOS.

Best Tips on Using Bitcoin Investment Apps

  • Use a Strong Password and Enable Two-Factor Authentication: To protect your bitcoin and cryptocurrency investments, we recommend that you enable the 2FA security option, and also use a strong password while signing up.
  • Use Non-Custodial Wallets for Long Term Holdings: Although some of the services recommended above are custodial (the platform stores your bitcoin), it is best to use a non-custodial service to store assets you don’t plan to sell immediately. Alternatively, you can use a hardware wallet like Ledger or Trezor or consider other cold storage solutions.
  • Do Not Install Apps from Unknown Sources: Do not install bitcoin investment apps from untrusted sources. We’ve included links to the recommended apps so that you can download them from the right sources.

Wrapping Up

On a general note, investing in bitcoin and other digital currencies is similar to investing in stocks. The advent of Bitcoin investment apps and cryptocurrency exchanges has made it easier for individuals and businesses to participate.

In this article, we featured some of the best bitcoin investment apps available today as well as other platforms in case you’re looking to go beyond Bitcoin. We hope you find these insights helpful as you begin your crypto investing journey.


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This article is Originally posted on CoinCentral.com
Author: Ibiam Wayas

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Author: Ibiam Wayas