Five cryptocurrency apps for Android

Cryptocurrency investing and trading digital coins such as Bitcoin and Ethereum can be a difficult venture for most people at the beginning. Constant scam-related news from various investment projects and some having their investment amounts wiped off from the market has discouraged some cryptocurrency enthusiasts.

Although scam news has been witnessed in some sectors, the cryptocurrency industry has picked up an uptrend momentum in the last couple of months. Earlier investors have made profits in the sector while several others are obtaining daily profits by tapping into the potential of reliable crypto trading websites.

The main issue when it comes to trading these digital coins is the reliability and safety of trading websites. Many trading websites have availed their services through android mobile applications to make them even more accessible. Choosing a solid cryptocurrency app depends on if the plan is to trade on a long term basis, desire confidentiality or trade on a short term basis. The following crypto trading apps are worth considering:

Bitcoin Up app

Bitcoin Up was created a couple of years back and has rapidly transformed into a reliable application for crypto coins. Bitcoin UP has convenient features that can be used easily by all cryptocurrency traders. Several analysts who reviewed this trading app earlier consider it to be reliable and trustworthy

This trading website has been used by a great deal of traders and several of them have made positive remarks regarding it. Several successful traders confirm that the application is reliable and legitimate. 

Security is highly enhanced as the user’s data and the payment details are safeguarded in the system. Therefore, traders using Bitcoin Up are guaranteed data safety because the system applies data encryption as a security measure. Besides, all the transactions are handled by regulated brokers to ensure user funds are secure. 

Crypto traders using Bitcoin Up can depend on the dedicated customer service when facing difficulties. The service team is well trained to be highly responsive to challenging issues the investors may have. The excellent part is the team is adept at different languages and hence, anyone can reach the service easily through email or live chat.

Coinbase app

Coinbase is a renowned trading website in the US. This trading website was launched back in 2012, some couple of years after the launch of Bitcoin in 2009. Coinbase is a legit and regulated trading website with jurisdiction in many US states.

Although the crypto sector has been agitated by feigned digital coins and shifty trading websites, Coinbase has extensively shunned contention. Coinbase provides traders with an incredibly user-friendly website, extensively reducing the necessities for joining the cryptocurrency market which can be complicated for novice users.

Coinbase provides both traders and investors with crypto wallets that hoard their assets. These wallets are quite easy to use for novice traders although Coinbase owns the private keys.

Moreover, this trading website provides a distinct Coinbase Pro version that is affordable and greatly has several alternatives as per indexes. The Pro version is an excellent further level for traders who have harnessed the potential of the cryptocurrency market with Coinbase.

Binance app

Binance was created to emphasise more on Altcoin trading in 2017. Binance boasts an android mobile app that provides around 600 different trading pairs for various digital coins and also. It also provides trading pairs between crypto and fiat currencies.

Lately, Binance triumphs the international trading website race which takes a substantial market share by trading the digital coins each day. Although Binance lately does not receive deposits in US dollars, investors have an opportunity to acquire a certain number of digital coins through debit/credit card. Additionally, Binance receives deposits in Euro and from 20 fiat currencies.

Binance provides investors an investment chance to trade less-renowned Altcoins in the cryptocurrency market. Regarding cryptocurrencies trading, Binance provides traders with around 150 distinct pairs. This implies that Binance is the perfect trading website for investors who seek to trade Altcoins or for those who undertake progressive mapping than several trading websites.

Bisq app

Bisq mobile app can be downloaded easily on Google Playstore and traders can use its excellent features. This indicates that the trading app does not have a breakpoint and is quite unlikely to be cast-down. Additionally, Bisq does not offer custodial accounts implying that just the authorised trader can manage the invested amounts in the account. This significantly varies from Coinbase, which is centralised and owns the private keys. In such a case, Coinbase can confiscate the invested amount if the traders engage in illegal transactions in their respective localities.

Bisq can be accessed quickly through a desktop or through its dedicated android app. This establishes the trading website as the most suitable for investors who seek confidentiality, citizens who lack state given identity cards or those residing under totalitarian governments.

eToro app

eToro is a unique trading platform that has incorporated social networking features. The Israel-based comprehensive social trading platform allows its users to trade currencies, commodities, stocks and digital currencies. The trading platform has an extensive user base from more than 100 countries.

Initially, eToro began with Bitcoin but has since added support for more digital assets and cryptocurrency products. Generally, eToro offers two main methods of investing in cryptocurrencies. Firstly, there’s the option to purchase cryptocurrencies such as Bitcoin without any leverage and the underlying asset is stored in a cold wallet by the firm. Secondly, choose to trade crypto through a Contract for Difference. In CFD trading, the trader speculates on the underlying asset’s price movements instead of holding it. 

What makes eToro unique among other trading platforms is that it has incorporated social networking capabilities. For instance, users can copy the positions traded by more popular traders on the platform using the copy trading feature. Besides, it offers a user-friendly website and mobile applications for both IOs and Android devices. 

Robinhood app

Robinhood launched about six years ago with commission-free stocks and exchange-traded funds (ETFs) trading. The main objective was to make trading services as cheap as possible, attracting both new and experienced traders alike. 

Although Robinhood was recently mucked in a conflict involving the latest GameStop saga, the platform is still popular among traders. The reason being it allows its users to venture into stocks, ETFs, cryptocurrencies and options at $0 brokerage fees. Besides, Robinhood also boasts a friendly user interface and a mobile application convenient to most traders. 

Robinhood added support for cryptocurrencies and their products in early 2018. It initially began with Bitcoin and Ethereum and little by little added other altcoins. 

Voyager app

Voyager is one of the biggest names in cryptocurrency trading and investing. The broker has added support for more than 50 digital assets where the users can either buy, sell or swap them. On top of having a friendly user-interface that is easy to navigate, the platform also has both IOs and android mobile applications. 

Voyager does not charge any commission for investing or trading crypto assets. This is a crucial benefit to its users, who also earn interest on their crypto holdings. Even though Voyager could do with a little improvement in its customer service, it is an excellent platform for both beginners and elite crypto investors. 

Final thoughts

When it comes to trading apps, the issue of safety and reliability gets weighty. Investors should harness the potential of the cryptocurrency industry by trading with legit and regulated trading websites that will provide significant yields on their respective invested amounts.

The editorial unit

The material contained in this article is of the nature of general comment only. The financial information is not advice and should not be treated as such.