Best Apps to Buy and Send Bitcoin in the USA

In recent years, Bitcoin has become a popular and widely accepted digital currency. With its rise in popularity, many people in the USA are looking for reliable and convenient ways to buy and send Bitcoin. Choosing the right app can make a significant difference in terms of security, ease of use, and transaction fees. In this article, we will explore some of the best apps available in the USA for buying and sending Bitcoin, highlighting their features and benefits to help you make an informed decision.

1. Coinbase

Coinbase is one of the most popular and widely used cryptocurrency exchanges in the USA. It is known for its user-friendly interface and strong security measures. With Coinbase, users can easily buy Bitcoin using various payment methods, including bank transfers and credit/debit cards. The app also allows users to send Bitcoin to other Coinbase users or external addresses.

Features:

• Easy account setup and verification
• Secure storage of assets with insurance coverage
• Ability to buy Bitcoin with multiple payment methods
• Option to send Bitcoin to other Coinbase accounts or external wallets

Fees: Coinbase charges a spread of about 0.5% for buying and selling Bitcoin. Additionally, there is a flat fee or variable fee depending on the transaction amount.

1. Binance US

Binance US is the American branch of the global cryptocurrency exchange Binance. It offers a wide range of cryptocurrencies, including Bitcoin. Binance US is known for its low trading fees and advanced trading features. The app is suitable for both beginners and experienced traders.

Features:

• Low trading fees compared to other exchanges
• Advanced trading options and tools
• High liquidity and fast transaction processing
• Option to send Bitcoin to other Binance US users or external addresses

Fees: Binance US charges a flat fee of 0.1% per trade, which is among the lowest in the industry.

1. Cash App

Cash App is a mobile payment service developed by Square Inc. It allows users to buy, sell, and send Bitcoin directly from their mobile devices. The app is known for its simplicity and ease of use, making it a popular choice for those new to cryptocurrency.

Features:

• Simple and intuitive interface
• Ability to buy and sell Bitcoin with ease
• Option to send Bitcoin to other Cash App users or external wallets
• Integration with Cash App's other features, such as direct deposit and peer-to-peer payments

Fees: Cash App charges a fee based on the price of Bitcoin and the spread between buying and selling prices.

1. Kraken

Kraken is a well-established cryptocurrency exchange known for its robust security features and wide range of supported cryptocurrencies. The app allows users to buy, sell, and send Bitcoin with various payment methods. Kraken is suitable for both beginners and advanced users.

Features:

• Strong security measures and encryption
• Wide range of supported cryptocurrencies
• Ability to buy Bitcoin using multiple payment methods
• Option to send Bitcoin to other Kraken users or external addresses

Fees: Kraken charges trading fees that range from 0% to 0.26% depending on the user's trading volume.

1. Gemini

Gemini is a regulated cryptocurrency exchange based in the USA. It is known for its emphasis on regulatory compliance and security. Gemini allows users to buy, sell, and send Bitcoin with ease, and it offers a range of tools for managing cryptocurrency holdings.

Features:

• High security and regulatory compliance
• User-friendly interface and mobile app
• Ability to buy and send Bitcoin with ease
• Option to use Gemini's tools for managing cryptocurrency investments

Fees: Gemini charges a trading fee of 0.35% for makers and 0.25% for takers.

1. eToro

eToro is a social trading platform that allows users to trade a wide range of assets, including Bitcoin. The app offers a unique feature where users can follow and copy the trades of experienced investors. This makes it a great option for beginners who want to learn from others while investing in Bitcoin.

Features:

• Social trading features and copy trading options
• Ability to buy and sell Bitcoin
• Integration with eToro’s social trading community
• Option to send Bitcoin to other eToro users or external addresses

Fees: eToro charges a spread fee for trading Bitcoin, which varies depending on market conditions.

Conclusion

When it comes to buying and sending Bitcoin in the USA, choosing the right app is crucial. Coinbase and Cash App are excellent choices for beginners due to their simplicity and ease of use. Binance US and Kraken offer advanced features and lower fees for more experienced users. Gemini provides strong security and regulatory compliance, while eToro offers unique social trading features. Each app has its own set of advantages, so it’s important to consider your individual needs and preferences when selecting the best app for you.

By understanding the features and fees associated with each app, you can make an informed decision and enjoy a smooth and secure Bitcoin buying and sending experience.