Each of these apps offer different coins, and various fee schedules for buying and selling crypto. PayPal, Venmo (which is owned by PayPal), and Cash App each operate a bit differently when it comes to crypto.

“ Coinbase was aggravating me, I had bought a little bit of it and then I sold some, but it was just too complicated for me - even though it’s not complicated at all.” “Truthfully, I didn’t really know how to buy a large amount of Bitcoin and crypto,” she says. Personal finance expert Suze Orman recently told NextAdvisor about her first attempt. “For newbies, I really suggest going to PayPal, Venmo, Cash App types of places, because they make it as simple as possible.”Įven for investing pros, cryptocurrency can be daunting. Whereas using a more traditional exchange might seem complicated, you can just log into your account and buy what you want without having to worry about it, says Tyrone Ross, financial advisor and CEO of Onramp Invest, a crypto investment platform for financial advisors. In general, experts say these apps can be great places to start if you’ve decided it makes sense to invest in cryptocurrency, but don’t quite understand all the different types of crypto, how an exchange works, or different storage options.

And, depending on how you already use the apps, their offerings may be well-suited to your knowledge base and interests.įor example, someone with zero knowledge but a few dollars to spare might find an exchange like Gemini confusing, but may be willing to buy some Bitcoin through their Venmo account just to experiment as they start to learn.

Apps like PayPal and Venmo make accessible entry points for crypto novices to dip their toes in the water.

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