Cryptocurrency experts and even novice crypto investors keep in search of applications that enrich and refine their crypto experience. These apps should even add crypto to your profile for free. There is a multitude of apps that all crypto traders should add to their home screens for options like lending platforms to exchanges and portfolio managers.
Cryptocurrencies like Bitcoin and many altcoins that arrived after the Bitcoin have recently been very very popular. The prices are rising every day but the volatility of the crypto market is the only constant thing. If you want to have the experience of getting the most value of your cryptocurrency assets, then it is the best option to be able to trade your coins where ever you are, and on the go! A number of tools simplify the life of a crypto investor or even a trader. There are three types of tools that help, portfolio trackers, exchanges, and wallets.
What are Bitcoin Apps?
A Bitcoin application is a simple mobile (Android or iOS) app that actually helps users purchase and sell Bitcoins. With some solutions, you can exchange not only fiat currency for Bitcoin, you can even buy and sell Bitcoin using other forms of crypto. The best solutions let you look at the rising and lowering prices, in real-time. They let you make predictions on the world’s largest digital currency by market cap. A lot of the Bitcoin apps are available 24 hours 7 days a week. The best applications have a display of the complete list of buy and sell orders, letting crypto users manage their Bitcoin investment portfolios, and do a set-up to receive notifications in their phone along with alerts.
How Does A Bitcoin App Work?
Some of the Bitcoin applications let users make purchases directly from the platform, while some exchanges need the crypto users to connect and deposit using an e-wallet. The centralized exchanges are very common among crypto traders, everyone has probably heard of them like Coinbase, Binance, Gemini, etc. These are the applications that work like private companies offering a platform to trade Bitcoins. These Bitcoin apps are very very secure since they have a registration process, identity verification and they follow the KYC verification process. They even run their private servers and even store funds within the company’s custodial wallet.
The only disadvantage is that if servers are compromised, the entire system has the chances of being shut down and the user information with the entirety of their funds can get lost. So, top-rated and popular platforms are actually secure so do not worry about them falling apart yet. These exchanges cost lower fees with a high trading volume.
Cryptocurrency Exchanges
The most famous type of cryptocurrency application and exchanges allow traders and investors to purchase and sell cryptocurrencies by using USD, BTC, ETH, and many other currencies. Crypto investors are able to connect their bank account through ACH and use credit or debit cards to purchase crypto on a lot of the exchanges.
You will obviously have to go through the KYC process which is a necessary requirement for identity verification before any crypto trading.
Some of the cryptocurrency exchanges offer more than a platform for trading crypto assets. Like Crypto.com, which lets investors a crypto-back debit card, allowing users to earn cryptocurrency on every purchase made using that card. The platform also allows you to earn interest on your cryptocurrency which then becomes a very good option for long-term investors.
Cryptocurrency Wallets
Crypto wallets have the ability to store private keys that are required to unlock funds and assets from your wallet address on the blockchain. Experienced and expert traders of crypto do not recommend holding your coins in an exchange if you do not have in mind to use them for day trading. The best option is to utilize hardware wallets like the Ledger Nano X or Trezor T for a long-term position. If your plan is not to trade crypto then other choices for wallets are Coinbase Wallet and MetaMask.
To see what the balance is of your funds, stored on the hardware wallet, a crypto portfolio tracker is a tool to do this job.
So set yourself up with a crypto wallet first, so you will have full control over your private keys – unlikely when you are using an exchange. If you are storing your crypto funds in exchange, your assets and funds are much more vulnerable to hackers. This is because crypto exchanges do not offer the user’s own private keys – this implies that the funds are not truly yours in the case of an emergency.
Portfolio Trackers
A cryptocurrency tracker is an application that displays your real-time information on the prices of the cryptocurrency. Exchanges usually feature this information, but obviously, the portfolio Tracker tools are much more beneficial for any crypto trader. If you do not want to hold your crypto assets on an exchange, then a portfolio tracker is the best option for you.
For example, if you want to store your crypto funds in a hardware wallet, it is wise to keep a track of the price movements happening throughout the day. So choosing a portfolio tracker application is the best option, also since getting a tracker app is much more convenient than signing up at an exchange.
Lending Platforms
Crypto lending is still a dream come true for many crypto investors and traders out there. With a yearly yield of 5-10% range on many famous cryptocurrencies and the stablecoins, a crypto investor asks themselves what is going on? But if you look at the costs that are associated with operating the centralized banks, a higher return on decentralized crypto lending, then it starts to make sense. This was only made possible because of blockchain, and smart contracts. Loans can now be automated and without any credit checks.
BlockFi is a very popular lending platform on the market, and it is also the easiest to use. You can start by simply depositing your crypto assets into a BlockFi savings account and start earning internet in your crypto. There are not any minimum lockup times either, so you can easily remove your funds anytime you want,
Things to Look for in a Cryptocurrency App
It does not matter what type of cryptocurrency application you require there are still a bunch of general things you should look for when getting a Bitcoin application.
High-Level Security
Bitcoin and many other cryptocurrency transactions are actually a little difficult to trace. But once the transaction has been initiated between the wallets, it is not an option anymore to cancel it or get a refund for your money. This is because of the decentralized nature of the blockchain, it gets even hard to tell who owns which wallet. Some of the companies out there are very dedicated to connecting the identity of the investors to their crypto wallets for example Chainalysis.
In the case of an unauthorized transaction from your exchange, it could have gone anywhere in the world, but there is not no way to tell who is responsible for it. This is why hackers, scammers, and criminals get attracted to the cryptocurrency market. So before downloading any cryptocurrency exchange or wallet app, please do peruse through the company’s safety features. It is important to make sure you have a high level of security protecting you. Make sure that they have 2-factor authentication and back-end encryption to keep your crypto assets as safe as possible.
Real-Time Data
The cryptocurrency market is always on the move. It is a possibility that the minute you fall asleep, a single coin might sky-rocket by 25%. It is even possible for the coin to lose half of its value. If you want to stay always up to date on the cryptocurrency market and the rise and fall of the coin value, then, it is important to have a minute-by-minute update on the crypto coin. This kind of information becomes obsolete faster than any other information on fiat currency or stock out there.
This is why you should always have an easy fast and simple tracker for your crypto trading. This will help you see and stay up to date on when and how is your favorite coin’s value rising and falling. This is done by looking at real-time data and information. As a crypto trader or investor, you should always use updated information to make trading and investing decisions.
Get Started in Crypto
To start investing and dipping your toe into the crypto world, you should know that crypto-currency is the new frontier of finance. And as you start investing and learning from experience, you will notice that the world of crypto is very volatile. A lot of the cryptocurrencies are decentralized naturally, and this gives them a chance to become a true ‘people’s currency.
So keep in mind that only invest what you are prepared to lose. Make your portfolio very diverse, if you aim to purchase and sell cryptocurrency.
Here we have compiled a list of apps for crypto trading that is for both Android and iOS:
बिनेंस
Binance is one of the most popular and the largest crypto trading exchange in the market. It has the best reputation for its level and standard of security and safety. It allows users to use a safe place for trading their Bitcoins and even other altcoins. It supports more than 200 altcoins out there. Binance mentions on its website that its application is protected by the Secure Asset Fund for Users. This is a cold wallet (that means it is not connected to the internet) and it is filled with 10% of all trading fees that Binance collects. The Binance app also offers savings and states that the interest that is earned is greater than 5%.
The Binance app also has a “lite” version of its interface that is designed for beginners of crypto trading. If you are a newbie to the world of crypto then you should definitely opt for that.
Binance is available for both iOS and Android.
बिनेंस विशेषताएं:
- The Binance app offers its users a wide variety of tools for trading Bitcoin online.
- It is very popular among experienced and advanced crypto traders and highly recommended.
- The Binance exchange has a 24/7 support service.
- It is compatible with Android, iOS, Web, and even your PC.
- They offer basic and as well advanced exchange interfaces for users to trade on.
- They have a 1.2 bn average trading volume with more than 1,400,000 transactions in one second.
कॉइनबेस
Next to Binance is Coinbase, another one of the very popular crypto exchanges in the world. Coinbasie actually has a smaller range of coins but they offer various features that are important for safety for any user. They even offer their users $5 in Bitcoin each time someone signs up and then proceeds to verify their identity.
Coinbase supports many cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Basic Attention Token, and USD Coin. Their trading online requires the linking of your bank account or a debit card. They even have many smart tools to give users updates on the performance of a coin, news, and other knowledge for learning more on how to trade cryptocurrency and deal with it.
The Coinbase exchange explains to users that it has bank-level security and lets users disable their Coinbase app immediately in the case of the user losing their device.
The Coinbase app is available for anyone on iOS and Android.
कॉइनबेस विशेषताएं:
- Users can purchase and sell any form of digital currency. They can even keep track of it all in one place.
- It is easily available for both iOS and Android.
- Users can schedule their currency trading on a daily, weekly, or monthly basis.
- Coinbase actually stores your crypto assets in a vault for high-level safety.
- It is one of the largest cryptocurrency exchanges out there.
Robinhood
The Robinhood is another crypto and stock trading app. They received a lot of backlash in early 2021 due to the fact that they froze the sale of GameStop stocks, and even with a Reddit-backed surge, Robinhood crashed. It even crashed during a surge in the price of Dogecoin recently as well.
But despite all the problems it has been facing, Robinhood is a very beginner-friendly app that supports crypto and even regular stock trading. The cryptocurrency available on Robinhood is; Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin.
If you want a simple interface for trading Bitcoin without the wallets and the technical aspects of cryptocurrency, then Robinhood is the exchange for you.
But you cannot withdraw from Robinhood – you can only buy and sell.
The Robinhood app is available on both iOS and Android.
Sofi
Sofi is an all-in-one finance management application that is not only for just trading cryptocurrency but also offers stocks along with crypto. It lets users do banking, investing and use their credit cards.
Sofi even has crypto, stocks, fractional shares, ETFs, IPOs, debit cards, credit monitoring, loans, and a ‘claw game’ contest held for newbies and they have the chance to win a $1000 prize.
The points that are earned on every purchase with the Sofi debit card can be utilized for cryptocurrencies, like Bitcoin and Ethereum.
If you are looking to manage your crypto assets without having to micromanage your holdings, Sofi is the one for you. Sofi automates investing which uses an algorithm to find out the best opportunities for turning investments into returns.
The Sofi app is available on both iOS and Android.
मिथुन राशि
Gemini is an amazing crypto exchange that was found by the Winklevoss twins. Gemini is highly focused on the security factor for its users. Their exchange requires two-factor authentication for every user account. They keep the major portion of the deposits they get in offline-air-gapped cold storage. They even use the least-privilege principles for access control in their production environment. Their hardware security modules generate and even store keys in-house, and they require a “coordinated action of multiple employees to operate”. Their entire operation is one of the first exchanges to earn the SOC1 Type 1 and SOC 2 Type 2 certification.
The Gemini app is available on iOS and Android.
eToro
eToro is another crypto platform that makes it very easy for traders and investors to trade their Bitcoins. But eToro actually relies on short-term trading rather than long-term. eToro provides a lot of valuable strategic data that is acquired from their most successful online traders. This is done for their users to make better and well-thought-out decisions. The 0% commission makes their eToro platform even more attractive. They do not charge any fee! On eToro, you will not own any of the cryptocurrencies until you trade the cash-out.
BlockFi
The BlockFi crypto app is very beneficial for users who are looking for a savings account. The BlockFi platform says that with them, you can earn as much as 3%-7.5% interest in all of your crypto holdings.
You do not have to create a new portfolio from scratch, but use an already pre-existing portfolio and still earn as high as 4% interest on all of your holdings.
If you want to maximize your interest using BlockFi, you should try investing in stablecoins – like USDC and GUSD. This can result in up to 7.5% interest.
WeBull
The WeBull crypto platform is another great app for investment opportunities, that include stocks, options, and margins. One reason that newbies will actually find WeBull useful is that it has an amazing mobile app. They make it very easy to trade and are user-friendly.
The one disadvantage of WeBull is that they do not provide news content to trailers so they can read it and form a firm footing in the crypto world.
It is available for Android and iOS.
ब्लॉकचेन
The Blockchain crypto app interface is a very popular cryptocurrency app in the market. Blockchain created a very user-friendly app so any user can get started. Blockchain actually supports various forms of cryptocurrencies and even lets investors store their assets, by trading, buying, and selling to manage their Bitcoins and altcoins.
Voyager
Voyagers is a crypto app that lets users trade in more than 60 different cryptocurrencies. The app is great for any beginner because new crypto investors only require $10 to get started.
Voyager is different than other apps because you do not have any control over your actual trades. The platform instead uses its Smart Order Router to invest, and then get profit without any commission.
It is available for iOS, and Android.
Delta
The Delta crypto app is a small crypto interface for any new and learning crypto beginners. It is a good app since it supports over 7000 different forms of cryptocurrencies. This gives investors a lot of options to choose from.
The data from the Delta app syncs to many devices so you can access your funds and crypto-assets from anywhere in the world. You even get an analysis of your trading history, your asset history, asset location, and your investment status.
The Delta app is available for iOS, Android.
Exodus
The Exodus crypto app is a very safe and innovative crypto wallet in the entire crypto world. If you do not have any experience in the world of crypto then Exodus is highly recommended. There are more than 125 supported cryptocurrencies on Exodus, they are very reliable for the storage of assets. They do have high trading fees though.
It is a highly secure wallet and buys and sells your digital coins on the go.
Cex.io
Cex.io is a great crypto trading app that lets investors buy and sell Bitcoin quite easily. Cex.io deposits funds using MasterCard, Visa Card, and PayPal Debit MasterCard. Cex.io follows the method of scalping and frequency trading s- this is done to keep assets and data safe.
Cex.io विशेषताएं:
- Crypto investors can trade using USD for Bitcoins, Ethereum, and even XRP (Ripple).
- It provides protection against DDOS (Distributed Denial-of-Service) attacks because they entirely encrypt your data.
- Users can trade with more than 10x the leverage without making any extra accounts.
- It is one of the topmost crypto exchanges that support all sorts of platforms like mobile and Web.
- io has a downloadable report option that shows the real-time balance and transaction history.
Final Word On Bitcoin Apps
Investing and trading Bitcoin has never been easier than it is now in today’s world. Anyone can easily trade now with Bitcoin trading and even converter apps that are easily available on the market. These apps provide a plethora of options and features for crypto investors. But before you download any one of the Bitcoin apps, it is important to decide whether you want a comprehensive trading solution of a safe and secure exchange to purchase and then store your Bitcoins.