The 5 Best Cryptocurrency Trading Apps to Use in 2022
My hobby in the past year has been collecting and trading cryptocurrencies such as Bitcoin, Dogecoin and Ethereum. With the help of these 5 apps, I’ve been able to manage my trades while also earning some extra money along the way. Give these apps a try today if you’re looking to get into this exciting new market!
Coinbase
Coinbase is one of the most popular cryptocurrency trading apps available today. It’s user-friendly, has a great selection of coins, and is one of the most trusted exchanges in the industry. Overall, Coinbase is a great choice for beginners and experienced traders alike. The app also offers a handy tutorial that can help you understand how it works. You’ll need to verify your identity before you can start buying or selling anything. Withdrawals are fast as well. You’ll need to use another exchange if you want to trade in Bitcoin Cash, Ripple, Litecoin or Ether Classic though. Luckily, there are plenty of other choices out there. One example is GDAX (Global Digital Asset Exchange). GDAX will cost you less per transaction than Coinbase does. Plus, this site is much more intuitive and easy to navigate than the latter. If you’re looking for an even cheaper option, consider using Binance instead. Keep in mind that both GDAX and Binance charge fees on trades and withdrawals respectively.
Coinspot
Coinspot is one of the most popular cryptocurrency trading apps, and for good reason. It’s easy to use, has a great interface and is packed with features. Plus, it’s one of the few exchanges that allows you to trade directly with AUD. Keep in mind, there are fees involved when using this app: maker fees start at 0.30% per trade, taker fees start at 0.20%.
Fiat/Crypto on iOS: With Fiat/Crypto on iOS, users can make fiat-to-crypto trades from their iPhone or iPad device by connecting their bank account to the app. Fees depend on the currency being traded but range from 0.5% to 1%. The only downside is that this app only supports Bitcoin (BTC) and Ethereum (ETH).
Coincheck
If you’re looking for a comprehensive and easy-to-use cryptocurrency trading app, Coincheck is a great option. With support for major currencies like Bitcoin, Dogecoin and Ethereum, as well as a host of altcoins, Coincheck makes it easy to buy, sell and trade cryptocurrencies. Plus, the built-in newsfeed keeps you up-to-date on all the latest crypto news. The only downside? You’ll need to verify your identity before buying or selling any coins through this platform. On top of that, prices are also a little higher than other platforms because they’re dealing with Japanese yen. Still, if you want an easy way to manage your crypto portfolio, give Coincheck a try!
Poloniex
Poloniex is one of the most popular cryptocurrency trading apps out there. It allows you to trade a variety of cryptocurrencies, including Bitcoin, Dogecoin and Ethereum. The app is easy to use and has a variety of features, making it a great choice for those looking to get into cryptocurrency trading. If you are using a crypto wallet like Exodus or Electrum, you can transfer your coins from your wallet straight to Poloniex without having to go through the process of exchanging your currency with fiat money first.
Poloniex also offers margin trading so that users can leverage their funds to maximize profits while minimizing risks. Margin trading lets traders borrow funds from other traders on the platform. All trades done on Poloniex are fully collateralized, meaning that if you don’t have enough money in your account to cover your loaned balance, then you will automatically be liquidated. So make sure not to lend more than what you’re willing to lose!
Binance
Binance is one of the most popular cryptocurrency trading apps available today. It’s user-friendly, has a wide range of features and is supported on both Android and iOS devices. You can use Binance to trade cryptocurrencies such as Bitcoin, Dogecoin and Ethereum, as well as a variety of other altcoins. The app also offers a variety of security features, such as 2-factor authentication and a secure login process. Overall, it’s a fantastic choice for those looking for an intuitive and easy-to-use mobile platform for trading cryptocurrencies.
