Buy BTC, ETH, and other crypto easily Best crypto coin app Why We Picked It: Cash App is one of the most popular payment and financial services apps in the United States. In addition to its other features, Cash App makes it easy to buy, sell, and transfer BTC in just minutes!
While they’re undeniably convenient, you have to be careful with brokers because you may face restrictions on moving your cryptocurrency holdings off the platform. At Wealthsimple Crypto, for instance, you cannot transfer your crypto holdings out of your account. This may not seem like a huge deal, but advanced crypto investors prefer to hold their coins in crypto wallets for extra security. Some even choose hardware crypto wallets that are not connected to the internet for even more security. How to buy bitcoin Once you purchase crypto through an exchange, the exchange typically holds it in a custodial wallet. Most exchanges store assets in offline “cold storage” for safekeeping. If you want to take custody of the cryptocurrency yourself, most exchanges allow you to transfer it to your “hot” or “cold” wallet, along with the private keys for that cryptocurrency.