The popularity of digital currency is increasing with each passing day and it has become a hot topic for discussion. Yet it has been in action for a few years now. But the controllers have opened up a space for entities to initiate their venture, and enable people to invest in digital currencies like Ethereum, Bitcoin, Dogecoin, and more. And with that, the process of investment has also been made easy. There are people who prefer to mine their Bitcoin on a PC but other than that there are various cryptocurrency apps on the exchanges from where the user can buy and sell their cryptos.
In this article, we will discuss the best app for cryptocurrency trading that you can consider for your crypto investment.
Functions Of A Cryptocurrency App
For those who do not know the work of a cryptocurrency app, these are exchanges that help the user with quick access to varied cryptos that are available in the market and allow you to trade them in just a few minutes. The customer won’t be needing any laptop or PC to sell or buy cryptos. In fact, these apps are enabling the wish of the customers to trade in digital currencies and enter into the decentralized cryptocurrency network. The whole process has been simplified for any user to sign up and the interface of the mobile application caters to quick learning. There are also cryptocurrency apps of exchanges for mobile that are available on Google Play Store and Apple App Store that works on both iOS and Android operating systems.
Best Cryptocurrency Apps In India
There has been a flood of cryptocurrency apps created now that more and more people have started to invest in digital currency. These apps act as an exchange for their purchase and sale of crypto. But it is important to choose the best app for cryptocurrency in India. So here is a list of the 10 best cryptocurrency apps 2021.
Gemini enables the users to trade a few dozens of digital currencies and the reliability of Gemini has earned the trust of new customers all over the globe. Gemini has also designed other features that make it more than just a platform for trading.
Gemini was founded in 2014 and it is none of the most well situated digital asset exchanges in the United States. It is renowned for its security features. To date, this platform has never been hacked and it is the only cryptocurrency exchange that is regulated completely in the US.
CoinBase is the best cryptocurrency exchange app. It allows its users to trade various different types of digital currencies including Bitcoin, Ethereum. Bitcoin Cash, Litecoin, BAT, USDT, etc.
CoinBase is advantageous to new crypto users as their mobile app is very easy to use. IT has a friendly interface that is highly attractive for beginners. All the trades can be managed directly from the dashboard and can even earn rewards for specific coins.
The eToro cryptocurrency app makes it easy for the users to trade digital currencies. But this platform depends more on short term trading than on long term trading. eToro offers important strategic data from their most successful traders online to help the beginners with better decision making.
Instead of depositing your money in a savings account to earn the little interest it offers, it is better to put your money in BlockFi. According to this platform, users can earn nearly 3% to 7.5% interest on their digital currency holdings.
In order to begin earning interest via BlockFi, there is no need for you to create a new portfolio. You can utilize your previous portfolio and still get interest of as high as 4% on your holdings. Now you may wonder: Can I invest 100 Rs in Bitcoin? The answer is Yes. Anybody can typically start investing in Bitcoin with just 100 INR. Anyone who wishes to maximize their interest in BlockFi should think of investing in stablecoins like GUSD, and USDC as stablecoins are less volatile compared to Bitcoins or Altcoins. This can yield them as much as 7.5% interest..
Unlike other cryptocurrency apps on this list, WeBull provides digital currencies above other opportunities of investments like options, stocks, and margins. One of the reasons for novice investors to prefer WeBull is its slick mobile application that allows the traders to trade easily.
The only disadvantage of WeBull is the lack of fresh content that can boost the confidence of the beginners and allow them to get their footing right in this industry. But when it lacks fresh content it makes up that gap with new features and an easy to use interface.
Blockchain.com is one of the most popular cryptocurrency apps in the market presently. Blockchain has designed a beginner friendly application so that anyone can start trading in crypto. It supports an array of digital currencies and enables the users to purchase, sell, manage, and store their altcoins and Bitcoins easily.
Voyager is another crypto exchange app that allows trading in more than 60 varied digital currencies. This is a great application for beginners because only $10 is required to get started.
What makes this app different from its competitors is the lack of control the user has over real trade. The user does not get to witness what they are. Instead, a Smart Order Route is used by this platform to invest for the user and pass the profit to the user without any commission. In this case, Voyager is more similar to a crypto robo account, which invests money where it finds it suitable.
Delta is a comprehensive digital currency application that has small learning curves for the beginners. It is worth choosing as it supports more than 7000 digital currencies which gives the user a huge number of trading options.
The information from this application can be synced on multiple devices so that the user can access it from anywhere. Along with that the user also gets an analysis of their trade history, asset location, asset history, investment status, and trades.
Exodus is one of the best wallets in the crypto industry. It is secure for beginners who have no experience with Bitcoin or any other digital currencies. It supports more than 125 digital currencies and that makes it a trustworthy option for storage even though the trading fee is a little high.
Not only is it a safe and secure wallet, but it can also be used for the sale and purchase of cryptocurrency while on the go. The array of in-built features will enable any beginner to get started without feeling affected.
There is no better tracker of digital currency portfolio than Blockfolio. This cryptocurrency app supports more than 10,000 different digital currencies and more than 500 varied exchanges. There are high chances that if you are trading digital currencies, you can track them in Blockfolio.
This app enables the user to sync with their exchanges so that the tracking process can automate. It also enables checking out of latest prices, trend changes, market data, and the news. The best thing about Blockfolio is that it is a free cryptocurrency app.
Even if you lack experience with digital currency, this list of the best cryptocurrency apps will help you sell and buy tokens, keep your investments secure in a digital wallet, and manage your portfolio. Each application has its own advantages and disadvantages. So it is important for you to get an idea of what you want to accomplish and then choose the appropriate one.
Frequently Asked Questions On Cryptocurrency Apps
The best cryptocurrency app includes Gemini, CoinBase, eToro, WeBull, etc.
The best apps to buy cryptocurrency in India are Gemini, CoinBase, eToro, BlockFi, WeBull, Blockchain.com, Voyager, Delta, Exodus, and Blockfolio.
Blockchain Game is a free app that can be used only by Android users. It allows the user to earn Bitcoin by playing games where they can do things like creating a blockchain out of virtual blocks.