The platform offers a trading exchange, banking products with interest and even lending through its Gemini credit card. Gemini, named after a well-known constellation, is steadily becoming a well-known part of the crypto world. Ultimately the point of this service is to store the long alphanumeric string that secures access to each of your crypto tokens. These can be as elaborate as encrypted pieces of dedicated hardware or as simple as a piece of paper stuck inside your literal wallet.
Pros: Coinbase is one of the most highly rated cryptocurrency exchanges out there, and their app is well designed for doing light research and executing trades.Ĭons: While very well regarded, Coinbase is more expensive than many competing exchanges, and the app’s emphasis on ease of use makes it harder to do more sophisticated research.Ī crypto wallet is how you store your cryptocurrency keys. Why: Quick access to trading, which can be very useful for an extremely volatile asset class. And if you’re going to hold a cryptocurrency trading app in your pocket, then Coinbase is the one to choose. This is an asset class marked by its extreme volatility, such that many traders would be well served to have the tools for quick day trading in their pocket. Cryptocurrency, however, is a little bit different. The gamification of investing has not done anyone any favors. Ordinarily this writer strongly argues against app-based trading.