Joe and Dan discuss the best cryptocurrency apps on the market with particular reference to the ongoing meltdown of the lending platform Celsius. The boys talk about some other lending apps, as well as some wallet solutions to help you protect your coins.

Read our page on the best cryptocurrency apps.

Some of the most popular applications in the cryptocurrency space are lending apps. These allow users to deposit cryptocurrency onto a platform (like Nexo, or the now-infamous Celsius) where it is then lent out to various yield-generating products.

This allows users to generate passive income on their cryptocurrency, instead of simply having it sit idly in a cold wallet. Celsius, one of the largest lending platforms, has recently come under fire for pausing withdrawals and facing potential bankruptcy.

This has drawn attention to other types of apps, including multi-sig wallets and other hardware wallet solutions - these make self-custody simple and ensure that users have total control over their coins, making them immune to third-party risks like bankruptcies.

Other types of cryptocurrency apps include broker apps, exchange apps, DeFi apps, and NFT apps.

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