7 Best Mobile Applications for Cryptocurrency trading in the World

• 30 March 2020 | 937 Views | By Mint2Save

Cryptocurrency trading, which its name indicates is the trading of cryptocurrencies i.e., exchange of one cryptocurrency for another at a price which is determined by market forces. Why a person wants to exchange is completely dependent on that particular person and the reason may range from trying to acquire specific altcoins or just to make money directly.

While there are many websites for trading, mobile applications will be useful as they allow the users to trade on the move. Let us see some of the best cryptocurrency trading apps that you can use on your mobile phone.

1. Binance

With low trading fees and also discounts based on its own token BNB, this trading platform has made itself attractive to many crypto traders since 2017. It operates one of the largest crypto exchanges by trade volume. Other than Android, it also has a Windows and macOS apps available. 

Binance allows easy access for cryptocurrencies, stable coins and digital currency tokens and Users on this platform can buy Bitcoin or ethereum directly from the app. As Binance adheres to many types of blockchain wallet standards, it is easier and secure for you to store a wide range of digital asses or e-money. It is very helpful for building a crypto portfolio as due to the fact that many cryptocurrencies can be bought from the trading platform or directly from the app including Bitcoin, Bitcoin Cash, Etherium XRP and others. It also supports a wide range of payment methods like bank transfers or credit or debit cards. 

On its platform, Binance has over 370 pairs of trading and allows the users to add favourite trading pairs which provide an easy way for accessing them. Aside from the fundamental functionalities of buying and selling, it also has many other helpful options. It also allows for Crypto futures trading with up to 125 times leverage on selected altcoin. Users can also earn rewards from crypto staking or lending. EOS staking is also available.

2. Robinhood

It is a tool that is specifically designed so that the financial markets are accessible by average persons. Initially, By using Robinhood you would be able to trade US equities and ETFs but in January of 2018, the ability to trade cryptocurrencies was added to the platform. One of the good points about Robinhood is that it takes no commission and also does not require an account minimum to get started.

Using Robinhood, one can trade seamlessly between stocks and cryptocurrencies. The downside of Robinhood is that you cannot trade anonymously and requires a KYC, which generally takes about 2 to 4 days.

Robinhood adjusts market orders in order to limit the orders collared up to 1% for buyings and 5% sellings which helps in averting any damages that are incurred by dramatic price changes. 

This effectively means that your orders won’t be executed if the price of that cryptocurrency decreases more than 5% than the price when you had placed a sell order or increased more than 1% than the price when you have placed the buy order. 

Other than on google play and apple app stores, Robinhood also has a desktop app. Currently, Users of Robinhood can trade in Bitcoin, Ethereum, Litecoin, Ethereum Classic, Dogecoin and bitcoin. Support for other coins will be coming soon.

3. CEX.io

CEX is one of the first cryptocurrency exchanges which started out its operation in 2013. Although CEX has a limited number of cryptocurrencies including Bitcoin, Ethereum, Dash, ZEC, XRP, BCH. Coming to the currency pair, there are a lot of options for you to try. It supports trading for major fiat currencies including USD, EUR, GBP, RUB.

CEX.io is great for both advanced and beginner users. With its level two DSS certificate, we can be sure that it has a certain level of security of storing, processing and transmitting the card data. It also includes Margin trading, which is trading using borrowed money which is generally not recommended for beginner traders to use.

It also gives you real-time access to market data, booking orders and provides balance monitoring, order history etc so that you can have better information. It has a great arbitrage opportunity as it allows you to see the data of the latest bitcoin prices across various exchanges.

CEX has gained such a reputation also due to the quality of customer service it gives. Most of all the doubts that people struggle with using the platform would be already explained in their support section articles. In any case, you do not find what you want, you can contact them through email and their response would be good.

4. BISON

This is useful for the people who do not know so much about the technical side as this makes trading simplified and allows it almost anywhere in the world. It is intuitive and you don’t need things like wallets, deposits and paperwork. 

As BISON implements a comprehensive and multi-level security concept, you do not need to worry about the security of your cryptocurrency.

Through that platform, users can communicate with their fellow traders and understand the market details from day-to-day, which allows its traders to know what’s going on. 

Over the years, their crypto radar service, which could be simply said as a trend indicator, had learned from millions of tweets using sentiment methods of artificial intelligence which allows it to analyze real-time data and give an overview of the cryptocurrencies that are most discussed by the people. Thus, you can instantly see what’s currently trending and what is not, without having to go through many sources like tweets, news etc.

5. Kucoin

Kucoin has been doing very well since its launch in May 2017 without any major problems. It offers users to trade in over 451 trading pairs which may consist of 207 different coins. It is also regarded as one of the best platforms for beginners as it has easily manageable navigation and UI

Kucoin also has a coin of its own KCS, by using which you can get a discounted trading fee.

It also provides an analysis of real-time markets through the candlestick charts and price warning.

It is a highly stable and secure platform and also provides services like receiving notifications for other device logins, price alerts, news and others. The fastness of their website is also widely praised and because of it, you will never have to lose the tiny peaks in the change of the value of the currency.

You can start trading anonymously and also has no limits to the number of funds that you are able to deposit and withdraw. Kucoin also provides earning options which include staking, pool etc.

As simple as it is, Kucoin is also good for serious traders too as it has many analysis options. Kucoin also has an internal risk department which strives to ensure that your funds are safe over there. If you want extra security features, you can set up and use google authenticator, which sends to your mobile phone a code before you can log in and also make a trade.

6. Tab trader

Unlike what you have seen before which are crypto exchanges themselves, Tab trader is a free terminal for other crypto exchanges which includes Binance, HitBtc, Bitstamp and many others.

All these exchange accounts could be managed by a unified interface providing you greater ease of use. It can give push notification about various price events without depending on mobile data which comes in handy.

Being founded in 2015, it has now more than 400,00 users in more than 150 countries. Using this, traders can trade over these many crypto exchanges using many functions including limit order, market order, stop-loss. Trade profit and settle.

It is important for you to understand that tab trader is only a terminal and just allows you to trade over different platforms. The tab trader does not have access to your funds and all your API keys are kept in an encrypted form or in complete possession of users.

7. Coinigy

Coinigy, is also a trading tool like tab trader. But, it is a lot more professional and could also serve as a portfolio management tool with its extensive charts and real-time market data. From coinigy account, you can trade over 45 crypto exchanges. But unlike tab trader, coingy is not free and costs $18.66 per month for a pro trader status and the professional API costs $99.99 per month. It offers a trial period of one month though in which time you can test the app and see if it really works out for you.

With a subscription, users can enjoy unlimited trading with no additional fee, high definition charting, technical tools and additional security.

Conclusion:

There are many cryptocurrency trading platforms available and Everyone will have their advantages and drawbacks. The Above mentioned ones are some of the best applications for cryptocurrency trading that we could find. Select any one that suits your preferences and needs and start trading cryptocurrency!