The value of bitcoin finally found its latest bottom this week, but it’s on the rise again, so there’s probably still money to be made there, just as there probably is with other cryptocurrencies. The problem is that the prices change fast, so it might be a good idea to have a trading app on your phone. The best cryptocurrency trading apps will enable you to take advantage of the rapid changes in valuation by giving you easy access to your digital currencies.
Weeding out the best cryptocurrency trading apps
If you’ve already done a search for crypto apps in the iOS App Store or Google Play store, you know there are many to choose from! Thus, to save you some time, we’ve done a little research to try to identify the best cryptocurrency trading apps. In addition to apps that actually allow you to execute trades of digital currencies, we’ve included some apps that provide you with extra information that will come in handy as you complete your trades.
We’ve tried to keep this list of the best cryptocurrency trading apps more general in terms of country, but keep in mind that various countries have their own laws which may affect your ability to use some or all of these apps. For example, China is cracking down on cryptocurrency trading apps with new regulations, so be sure to check out the laws in your country before trying out any of them. So without further ado, here are some of the best cryptocurrency trading apps you’ll find on the iOS App Store and Google Play Store.
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First up on our list of the best cryptocurrency trading apps is Coinbase. If you’ve ready much of anything about cryptocurrencies, odds are that you’ve read some of their articles. They’re one of the most recognizable names when it comes to digital currencies, and more than 11 million people use their app. Coinbase allows trading in 32 countries. It enables users to connect their bank accounts, PayPal accounts, and credit or debit cards so to use digital coins for transactions. More than 38,000 businesses accept such transactions.
In addition to trading, the Coinbase app also includes real-time price charts and price alerts for any major changes in valuation. For security, the app allows users to set a passcode to disable access on your device remotely if it’s lost or stolen.
One shortcoming of Coinbase is the fact that it only supports bitcoin, ethereum and litecoin, three of the most popular cryptocurrencies. However, there are many more of them out there, so if you’re wanting to explore and try some of the newer altcoins, then Coinbase might not be one of the best cryptocurrency trading apps for you.
Evercoin is similar to Coinbase in that it’s a cryptocurrency exchange, and its mobile app enables you to trade digital coins while on the go. However, Evercoin supports more digital currencies than Coinbase. In addition to bitcoin, ethereum and litecoin, Evercoin also supports ripple (also known as XRP), dash, dogecoin and bitcoin cash. The exchange is also planning on adding support for more cryptocurrencies, so if you’re looking to trade in a variety of the newer tokens, then Evercoin might be one of the best cryptocurrency trading apps for you.
Don’t let this app’s name fool you. It supports not only bitcoin but all cryptocurrencies and altcoins. One thing that makes this one of the best cryptocurrency trading apps is the fact that it enables you to monitor the latest prices of all digital currencies on more than 80 exchanges from around the globe. Prices of digital currencies can vary widely across various exchanges, so Bitcoin Checker can allow you to track the best exchanges to buy and sell your favorite cryptocurrency.
You can also synchronize currency pairs with each exchange server that supports it and even display coin prices in subunits. While Coinbase and Evercoin actually allow you to execute your trades, Bitcoin Checker is about checking prices across various exchanges. The easy-to-use interface gives you the information you need fast so that you can go and execute your trades.
Blockfolio makes our list of the best cryptocurrency trading apps because it allows you to see all of our blockchain assets at the same time, along with details on every digital coin. You can set up price alerts for more than 2,000 digital currencies so you’ll know when a particular cryptocurrency passes a particular threshold, and you can even check out the charts to look for technical trading patterns. Blockfolio also offers the latest news stories from CoinDesk, Bitcoin Magazine and other crypto-focused websites.
Unlike Coinbase and Evercoin, Blockfolio doesn’t keep you locked into just one exchange, as it supports more than 30 different exchanges, including Coinbase, Bitfinex, Bittrex, Kraken and more. Thus, if you prefer to stay with just one exchange, Coinbase is a clear choice, but if not, Blockfolio should be high up on your list of the best cryptocurrency trading apps.
In fact, Bitcoin Checker may pair well with Blockfolio, in that the former is mostly about tracking prices across several different crypto exchanges, while the latter enables you to actually execute your trades across multiple exchanges.
Bitcoin Ticker Widget
The final entry on our list of the best cryptocurrency trading apps is Bitcoin Ticker Widget, which places information about cryptocurrency prices right on your phone’s home screen. It currently supports dozens of cryptocurrencies, and it’s designed in such a way that it fits on most themes. This app is similar to Bitcoin Checker in that it provides information rather than actually a place to execute your trades.
deVere Crypto is coming soon… Will it be one of the best cryptocurrency trading apps?
More and more crypto-related apps are popping up all the time, so it’s always a good idea to read the reviews when a new one catches your eye. Also keep in mind that while many of the best cryptocurrency trading apps available are free to download, there will always be fees to complete your trades. You may want to explore a few trading apps before committing to one or more.
One app that has the potential to become one of the best cryptocurrency trading apps will be deVere Crypto. It hasn’t been launched yet, but the firm has said that it’s coming soon. deVere Group is one of the biggest independent financial services organizations, so when it says that it’s launching a cryptocurrency trading app, it’s worth checking out. Unfortunately, it isn’t out yet, so we can’t say for certain that it deserves a spot on our list of the best cryptocurrency trading apps, but the potential is there, based on this firm’s track record.
Keep in mind that there are many scams in the crypto world right now, as all the excitement over digital currencies is making traders easy pickings for con-artists. Reading the most recent reviews of any cryptocurrency trading app is crucial and should help you steer clear of some of the worst offenders, but be mindful of fake reviews and remember that no app will ever please everyone. All the best cryptocurrency trading apps tend to have high ratings, but even they don’t have 100% glowing reviews.
Disclaimer: This is not investment advice and is for information purposes only. While the information is deemed to be accurate, we cannot make any representations to that matter. See our full disclaimer for more details.