With the increasing popularity of the crypto market, many businesses have jumped into this field for providing services based on cryptocurrencies and are making huge profits out of this business.
This is why buying, selling, and exchanging crypto has become a lot easier than before, so much that you can practically buy, sell, or exchange crypto on your smartphone.
As more and more investors shift their focus towards cryptocurrency, the demand for a fast and secure mobile solutions is growing.
If you are an Android or an iOS user you will have a plethora of ways to start trading cryptocurrencies from your phone.
In this article, we have listed down the top 5 apps which you can use easily on your mobile phone for trading or investing in cryptocurrency.
Along with that we have also mentioned the unique features which set them apart from other apps and how to use their services.
But before we begin we must know what a Crypto app is and the different features to look out for in a crypto app.
What is a Crypto App?
A crypto app is a mobile application that allows you to manage your portfolio.
Mobile applications have an easy setup as compared to desktop platforms. Some of the different types of crypto trading apps are
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The most popular type of crypto app is a crypto exchange app. They allow you to buy, sell and exchange cryptocurrencies. You can connect these apps directly to your bank account or credit cards.
A cryptocurrency wallet is a place where you store your altcoins. There are different types of crypto wallets hot wallets, cold storage, hardware wallets, etc. Crypto wallets have a very high-security level in order to keep your coins safe.
Cryptocurrency exchanges operate 24 hours and 7 days, unlike traditional stock exchanges. This makes it important for users to be frequently updated regarding the price movement of crypto coins.
A tracker is an app that tracks the price movement of cryptocurrencies in real-time. All exchanges have this feature but having your personal tracker app is beneficial as you can customize it according to your needs.
Moving on we must know the different features to look out for in a crypto app.
Features of a Crypto App
1. Real-time Data
The crypto market never sleeps. It is operational for all 24 hours of the day regardless of any holiday or event.
Due to the high level of volatility, you must keep an eye on the prices or else there might be a chance of missing out on an excellent opportunity to buy or sell your coins.
That being said make sure your crypto app updates prices frequently at a good speed.
Due to unknown underlying assets and a high level of anonymous trading, many states have banned people from using any crypto apps or exchanging cryptocurrency in any form.
So make sure your desired application is not blocked by your Government or the application developers have not restricted their services in your area.
The most important aspect of any crypto app is the security it provides. Please make sure that the app you are using has advanced security features like two–factor authentication.
Also always keep your private keys safe as there they are the only way to regain access to your account in case you forget your password.
In terms of cryptocurrency, liquidity means how easily a coin can be converted into cash. Liquidity is a very important concept for any asset.
Low liquidity means the asset has a low trading volume and high liquidity means there is a stable market with very few fluctuations.
Therefore it is easier to buy or sell cryptocurrencies in a liquid market since the order placed will be quickly executed due to a large number of market participants.
To summarize, it means you can easily enter or exit any trade at any time in a highly liquid market.
Best Crypto Apps
CEX is a multi-currency exchange that was launched in 2013. It is one of the oldest and most well–known crypto exchanges in the market.
Some of the cryptocurrencies this platform supports include Bitcoin, Bitcoin Cash, Ethereum, Dash, Ripple, and many more.
This app can be downloaded on both Android and iOS. The app has the full functionality of the web platform.
It is compatible with different devices and you can easily buy, sell, and watch charts on the app.Some other features offered by the app are
- You will receive an alert when the market reaches the preset level.
- You will be notified as soon as your limit orders are executed.
- You can easily deposit and withdraw fiat as well as crypto.
- It has PCI DDS Level 1 security.
- The support team is available for your help 24/7.
- Instant deposit and withdrawal
- Provides arbitrage opportunity
The most well-known cryptocurrency exchange can be accessed easily through a mobile application. This application is known for its competitive rates and excellent trading service.
This application can be downloaded on both Android and iOS. This platform is so large that 50% of the total Bitcoin trading volume belongs to Binance alone.
Following are some of the features of Binance:
- Availability of a wide range of cryptocurrencies (Over 50 cryptocurrencies)
- Trading tools and live crypto charting.
- Binance futures and Options
- Spot, Margin and P2P trading
- 24/7 customer support
- Global accessibility
With multi-device support, Binance is the most accessible and easy-to-use exchange in the industry. You can trade using its native token BNB to get an instant 50% discount on trading fees.
This is one of those apps which are recommended mostly for beginners, as the platform guides its first-time users through each and every step of crypto trading.
It is a beginner–friendly app that allows you to buy and sell cryptocurrencies without any hassle. You can also find different guides on how to use the platform once you register on Coinbase.
You can use your bank account or credit card to buy some of the most well-known cryptocurrencies.
Coinbase has a global presence by offering its services to over 100 different countries and has a solid base if 30 million users.
Coinbase has deservingly earned the title of the most trusted cryptocurrency exchange.The application can be easily downloaded on Android as well as iOS.
Some of the features of Coinbase include:
- Supports buying and selling of all major cryptocurrencies which include BTC, ETH, USDC, BAT, LTC, BCH, ZRX, and many more.
- Has advanced options like automated buying and price alerts.
- Users can buy crypto even at low amounts.
- You can mail your queries to [email protected]
KuCoin is a recently established third-party crypto exchange that was made with a vision to create a simple yet secure crypto exchange platform.
Headquartered in Singapore it was launched in the year 2017 and has an intensive network in 50 different countries spread across Asia – Pacific, Europe, and North America.
Some of the features of the KuCoin mobile app are:
- Supports most trading pairs
- Top gainers/losers of trading pair available on the home screen in real-time
- Double account management
- Free internal transfer functions
- The real-time price quote that is synced with the official website
- Kucoin bonus and referrals
- 24/7 Customer Support
- User can log in simultaneously from different devices
With the most recent update, this platform has optimized its trading platform. KuCoin is recommended for first-time users as the user interface and navigation are really simple.
Last but definitely not least is Gate.io. Founded in 2017, Gate.io is registered as a cryptocurrency exchange in Virginia.
This platform is available in different languages including Chinese, English, Japanese and Korean. Gate.io offers more than 100 pairs of cryptocurrencies to trade.
This platform is suitable for both amateurs as well as experienced traders. Their trading platform is available on both Android and iOS, thus increasing their user base.
Some of the features of the Gate.io app has to offer are:
- Facilitates trading, lending, and storing of crypto.
- Different types of transaction like buy, sell, stop loss, and Limit order
- Offers real-time charting feature
- Notifies immediately regarding price alerts, on-chain activity, or abnormal market behavior.
- Instant deposit and withdrawal
- One of the lowest trading fee in the market
- Multi-lingual user interface
- Customer support via chat or e-mail.
The information about the team behind this exchange is not available on the internet which might make this website look a bit sketchy.
Lack of information decreases the transparency and trustworthiness of the company.
Also, this exchange is not regulated so we recommend you invest from Gate.io carefully after full scrutiny of this platform.
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So that’s it. With this, we complete our list of the top 5 crypto trading apps of 2021. We hope you must have gained some insight regarding the working of different applications and select your ideal app.
It is very important to select the right crypto trading app as your performance depends upon the features available on the trading application.
While choosing any app please make sure they fulfill the following criteria
- High security
- Simple User interface
- Area of operation
Keeping all these in mind we hope you find your ideal crypto trading application.