The world boom in cryptocurrencies is notorious, we all have friends who have started to operate, and we can see influencers sharing their strategies and advertisements that invite people to start investing in cryptocurrencies … The interest of investors in digital currencies has increased and been noticed.
In addition, the young audience related to new technologies has seen an opportunity to generate income easily through cryptocurrency apps, which is why those who are thinking of starting with cryptocurrencies are concerned about knowing which are the best applications. to start investing in cryptocurrencies. Next, we tell you what benefits count and which are the best on the market.
Advantages of investing in cryptocurrencies through apps
Mobile applications to invest in cryptocurrencies have been booming for a long time . Surely you have friends who operate through them, or you have seen advertisements for some of these, right? This is due to the advantages they offer users:
- They keep you updated easily.
- Speed in the execution of operations.
- Clear and intuitive interfaces.
- Simplicity when operating.
Due to these advantages, cryptocurrency apps have made the young public begin to be curious about this type of investment and have started in the world of cryptocurrencies operating from the comfort of their smartphones.
How to choose the best cryptocurrency app?
Today there is a wide variety of cryptocurrency applications, which is why it is convenient to know what main characteristics a good app must have to operate with cryptocurrencies in a safe and professional way. First of all, the first thing you have to take into account is that:
- It must be a broker certified and regulated by one of the following organizations:
Apart from security, which must be the most important thing, what you should ask a crypto app for is:
- Trading tools.
- Payment transfers.
- Price alerts.
- Historical and monitoring of prices.
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5 Cryptocurrency Trading Apps You Should Know About
If you are thinking of starting to invest in cryptocurrencies, you will have seen that there are countless applications on the market with which to do so, and more appear every day! Here is a list of the most popular apps in cryptos that you should know:
Robinhood is a very popular trading app aimed at a millennial audience and inexperienced investors. The app offers commission-free trading for major cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Litecoin, and Ethereum Classic. And it provides real-time market data for nearly a dozen other digital assets.
However, it is an app with some limitations: at the moment, in its initial phase, it will only be available in 5 US states and no international expansion is planned (for the moment). On the other hand, it does not have support for ICOs either. In addition, cryptocurrencies held in other wallets cannot be transferred either.
Exante launched a service for trading the most popular altcoins: Ethereum, Litecoin, Ripple, and Zcash, all through its own terminal. One point to note is that all the coins that are purchased are stored in the customer’s account, so no cryptocurrency wallet needs to be created. Thus, customers can carry out transactions with cryptocurrencies from the same account from which they make purchases of shares, bonds, currencies…
Its advantage (and perhaps also disadvantage if you are looking for something simple) is that it is a company dedicated to investments, with all the know-how and advice behind it.
One of the best-known cryptocurrency apps! eToro has gained a reputation for being a broker or intermediary between buyers and sellers in the financial markets. It is a Cyprus investment company regulated by the FCA (Financial Conduct Authority), one of the strictest authorities in the world.
This app has secure payments from multiple platforms and real-time support through an assistance system that you can access at any time to answer your questions. On the other hand, it has a minimum amount for payment of $50 and the time it takes for the money to reach the account is usually 1 to 2 days. However, there is a $5 withdrawal fee.
Binance is another of the best-known platforms, it began its activity in China in July 2017 after financing 15 million dollars raised in an ICO. In 2018 it had already become the exchange with the largest number of global operations with silks in Japan and Taiwan. Today, Binance allows real-time trading and trading of more than 100 cryptocurrencies.
The platform boasts of having the lowest commissions in the market and of facilitating the purchase and sale of cryptocurrencies. It allows you to easily buy bitcoin using a credit or debit card. In addition, it has different services: cryptocurrency trading, crypto futures trading, buying with cryptocurrencies, the platform for miners…
San Francisco-based Coinbase is another famous cryptocurrency trading platform. It offers crypto exchange services in around 32 countries and digital asset management in 190 countries around the world. One of the strong points of this app is that it offers graphs with the evolution of prices, so it is easy to know if the value of your cryptocurrency is going up or down.
This app has commissions for buying and selling cryptocurrencies, when a purchase is made the commission will be 1.49% and when you make a sale it will be 1%. However, transfers of assets are exempt from commissions.