A Guide to Crypto-Trading in 2021
By Space Coast Daily // February 19, 2021
Bitcoin, created in January 2009, has become extremely popular, bypassing the traditional methods of government-issued currency exchange, to give rise to a type of cryptocurrency operated by decentralized authorities.
It cannot be coined as legal tender, thus resulting in the idea that trading of cryptocurrency is non-profitable and rather begets huge losses in the bigger picture of the global market. However, those who have traded, even a small amount, a couple of years back, have already multiplied their investments and earned considerable profits.
Cryptocurrency investment can be made by leading digital currency exchange platforms, but with the ever-developing technology, it is now way easier to handle bitcoin trading through any of the leading bitcoin trading applications available in Android or iOS powered cell phones.
Before going to talk about some of the top cryptocurrency apps, let us first understand what exactly is a bitcoin trading or Crypto App.
If you have a cryptocurrency portfolio, then a cell phone-based Crypto App, can help you get started and also manage the operations that you need to conduct in Bitcoin trading.
Now, when you start investing in cryptocurrency, it is useful to also invest a certain phone space in a Crypto App to carry on operations.
A cryptocurrency cell phone app will provide the best experience, especially for beginners, since it has a non-intimidating user interface and easier features all-over than other desktop platforms.
There are numerous ways to get started with cryptocurrency trading, and all of it is pretty easy to understand, once you get the hang of it. Let us see what are some of the most important points to keep in mind before selecting any app just Visit Here.
Ensure that the App you are going for has high security
As you are already aware, bitcoin trading is essentially decentralized in nature. So, once a transaction is initiated between two wallets, it is almost impossible to trace it or get your money back.
Therefore, any unauthorized transaction is very difficult to trace and there is hardly any evidence of who might be responsible. This makes it a breeding ground for hackers and criminals, which is why two-point encryption in your preferred app is necessary.
Ensure that the App you will use will show real-time data with no data lags
The cryptocurrency market is never stagnant. Within a blink of an eye, it is possible for the value of a single coin to shoot up manyfold. Or similarly, it is also possible that the value might decrease considerably, making it feasible for you to invest, right then.
Staying alert and choosing only a leading bitcoin trading app is necessary because only then you would get access to minute-by-minute updated information which is important for crypto-trading, as these data become obsolete far quicker than fiat currencies. Make sure you are using only the updated information to make trading decisions.
Ensure good availability of the App you choose, in your area
If you just want to know more and research thoroughly about bitcoin trading, using a tracker or a news app is enough. However, if you actively want to take part in buying and selling cryptocurrencies, you have to make sure that the app works fine, in your preferred area.
Many countries and states have banned certain platforms, others have set limitations to bitcoin use. So, don’t just go for any good-looking or leading bitcoin trading app, rather recheck whether it’s compatible in your area.
Let us now look into the top 5 cryptocurrency apps where you could trade your bitcoins in 2021:
■ eToro – One of the best all-rounders in Crypto-trading apps, where you can also invest in stocks, currencies, ETFs.
■ Coinbase – A fully digitalized cryptocurrency exchange platform for beginners based in San Francisco, USA.
■ Binance – presently, the best range of tradeable crypto shares that are offered by a company.
■ YouHodler – the best app for crypto-loans, borrowing, and earning interests.
■ broker – the best app in the market for crypto-CFDs.
Carefully choosing a leading bitcoin trading app to actively invest in the cryptocurrency market, is necessary. You must explore the many options that are available and think through what exactly you are going to prioritize since different apps are suited for unique requirements.