With digital technology taking over most of your necessities nowadays, there’s no doubt it would cover financial transactions and investments. The emergence of cryptocurrency has excellent advantages for keen investors and traders. It gives you the comfort and convenience of buying, selling, and maintaining assets from your phone, tablet, or personal computer. That takes away the hassle of physical banking systems and gives you more room for profit too. So, what is the best app for trading cryptocurrency?
The demand for a user-friendly platform to manage your digital assets has gone to another level because it should keep up with the times. It is impossible to make financial transactions digital if the process is a tough one to work around. Good thing there are top-notch apps that can accommodate this need any time, any day, whether you are an Android or iOS user. In this article, you will learn the different cryptocurrency apps, plus their unique selling propositions. It’s the best way to ease out your confusion with the endless choices out in the market.
The Criteria You Need
A cryptocurrency app may eat up some phone space, so prepare to allot some before installing it on your phone. Before anything, it is a must to know what you should be looking for. An attractive logo or fancy name will not do it for you.
You need to explore the features, the reviews, and the long list of other essentials. You can install four common types of cryptocurrency apps: exchanges, wallets, news, and trackers.
Exchanges are where you can buy and sell your cryptocurrency assets. You can connect your bank account, credit card, or other cryptocurrency accounts to it. Wallets, on the other hand, do not offer the same service as exchanges. It’s an app that secures your cryptocurrency coins, preventing them from any form of digital breach. News apps regarding cryptocurrency have a different platform as well because the industry market runs 24/7 without breaks. Lastly, the trackers serve as your real-time buddy for rates and trends.
If you plan to have all four installed, you’re up to a good start. Here are the things you should consider when choosing a cryptocurrency app:
Online transactions are prone to hacks that may wipe off your money all at once. The decentralized characteristic of cryptocurrencies makes it hard for anyone to know which investor knows which wallet. If someone with tricks up on their sleeves gets into your transactions, you will have little to no chance to identify the culprit. Always check the safety and security features before downloading the app.
Cryptocurrency is a market actively working that getting a nap would turn a coin increasing to 50%, or the other way around. You need an app that will give accurate, real-time data, so you can come up with strategies that match. It ensures that your decisions are not outdated and harmful to your assets.
If the goal is to buy and sell a cryptocurrency, trading should be compatible with your geographic location. There are still apps out there that have limits and legality issues. That’s because governments come with their own terms when it comes to this digital platform. It’s best to review your area’s rules and regulations to tailor fit on the app you want to use.
These considerations will help you arrive at an ideal investment app while securing your phone’s privacy. It’s now time to check the top picks for apps!
Probably the most interactive cryptocurrency app available today, eToro allows you to interact and share investment thoughts while delivering your trading responsibilities. The community is well-established, and people come from all over the world. The moment you choose eToro and create an account with them, they provide you a $100,000 pass for practice trading. The app also has installed tools and indicators to guide you on your journey with them.
The best app for beginners is always Coinbase. It is a free app that lets you learn more about the cryptocurrency trading process with little investment to start with. The user-friendly features of Coinbase acknowledge a starting trader’s fundamental confusion and provide comprehensive answers through their education section.
Once you’re verified in Coinbase, the same section allows you to earn free cryptocurrencies by accomplishing brief reads. You can also use your credit card and bank account to buy coins. However, it is only available in 32 countries as of now, with an on-going expansion.
Another free app exclusive for Apple, Mac, iPhone, and iPad, Crypto Pro is your go-to platform for high-level security. It does not track any user activity and transactions, which gives you the confidence to manage your account without hesitation.
Crypto Pro is packed with premium and reliable features like live price alerts, wallet, tracking, and iCloud synchronization. You can easily customize widgets and icons, too, for your preferred compartmentalizing setup. It covers more than one purpose, making things extra convenient than the others.
The backup system is also a plus for this app, apart from data encryption. You have an option to sync everything from the app to your iCloud, just in case something terrible happens to your gadget. Discover more about trading cryptocurrency apps here!
Whichever is the best app for trading cryptocurrency for you, these top picks undoubtedly have something unique to offer. It all depends on the standards and objectives you have for your digital assets. After all, it is you who knows which comes first on the priority list.
Cryptocurrency is a volatile and decentralized market, and you need to equip yourself with a suitable app so you can keep up with decisions and strategies. It might be the only thing that hinders you from reaping profits and expanding networks.