Bitcoin trading has created a global phenomenon where anyone in the world with an Internet connection can partake in this new digital asset class as an investor. Trading normally occurs on bitcoin trading platforms online. However, several of these platforms now also offer mobile cryptocurrency trading apps for bitcoin investors.
In this review, you will be introduced to the five best bitcoin trading apps you can use to trade digital assets while on the go.
Best Bitcoin Trading Apps
Binance is among the world’s leading bitcoin trading platforms by trading volumes. Founded in 2017, the site has attracted many users on account of its low fees and discounts based on its BNB token.
Binance has a desktop app available for Windows and Mac OS, and smartphone app for Android and iOS users. The apps offer you a powerful and easy-to-use interface for your trading needs.
Binance boasts a variety of features including limit orders, stop limit functions and market orders and you can choose to trade up to 148 coins and over 300 trading pairs available on the platform. You can trade in popular digital currencies like bitcoin (BTC), ether (ETH), Litecoin (LTC), Ripple (XRP) and many more.
Any trading on the apps has to be funded in cryptocurrency and, therefore, to get started you have to transfer crypto from your wallet to your Binance account. Moreover, it is advisable for you to buy BNB tokens when you are beginning since it will lower your future trading costs. When you trade using the Binance native tokens (BNB) you end up saving 50 percent of your trading fees. Withdrawal fees vary for different coins and are updated regularly.
Tab Trader operates as a facilitation platform for cryptocurrency exchanges. The site supports over 20 crypto exchanges such as Binance, Gemini, Bitstamp, Coinbase, and HitBtc, just to name a few. Launched in 2015, the platform boasts over 400,000 users across 178 countries.
Tab Trader has a mobile app for Android and iOS users. The app has a unified interface that allows you to switch between multiple crypto trading platforms and accounts making it ideal for investors who trade on different exchanges regularly.
The app also allows you to keep track of cryptocurrency news and developments to help you make informed trading decisions. You can take advantage of technical analysis tools such as price charts and technical indicators.
Moreover, the app links to wallets through API keys which can either be in your possession or encrypted and stored on an exchange. The security protocols in place ensure your account cannot be accessed by third parties when using other exchanges.
KuCoin is an international cryptocurrency exchange that aims to simplify cryptocurrency trading for new users. KuCoin has both a web and mobile presence with the latter having basic trading features when compared to the website.
The platform has a low trading fee of 0.1 percent which can be covered using the sites native cryptocurrency known as KuCoin shares (KCS). The KCS tokens operate like shares of the company and anyone holding the token gets to receive dividends from the company’s profits.
KuCoin has over 300 trading pairs on its platform enabling you to purchase a wide variety of altcoins such as BTC, NEO, ETH, USDT, KCS and many more. There are over 350 trading pairs on the platform. Also, community members have voting rights when it comes to the inclusion of new coins in the platform.
KuCoin is reputed to be one of the most straightforward platforms for new users with its UI designed for beginners. You can download the KuCoin app on the Google Play Store or Apple Store. However, it is important to note that the iOS app is still in beta mode.
Bitfinex is widely regarded as one of the leading cryptocurrency exchanges with $2 billion in daily trading volumes. Consequently, the platform enjoys high liquidity and transactions are able to be settled in record time for traders.
The site has a mobile app for Android and iOS for you to trade on the move. You can buy digital currency on the app including BTC, NEO, ETH, XRP, EOS, LTC and many more. The app has a number of smart features including exchange and margin trading, manage your orders and positions, margin funding, and bids and offers.
You can also customise your experience when using the app by setting your preferences. The platform has a tiered fee system where the greater your trading volume, the higher the fees levied. The site makes it a point to regularly update their fee structure. Also, to ensure your money is safe the app enables you to secure access through API keys and utilises two-factor authentication.
CEX.IO is a bitcoin exchange that allows you to trade the digital currency using payment channels like credit cards, bank transfers, and cryptocurrency. The platform also supports digital assets such as ETH, DASH, XRP, BCH, and ZEC.
CEX.IO offers a cryptocurrency trading app with an easy-to-navigate UI and custom user experience. The app is available for download on Google Play Store and Apple Store. You can deposit and withdraw funds from the app. Similar to Bitfinex the platform has a tiered system of fees for transactions. There are also fees on deposits and withdrawals.
Once you have downloaded the CEX.IO app you must link it to your CEX.IO account for it to work. You can get started by depositing BTC or LTC and placing orders on the app.
If you are looking for a bitcoin trading app for-on-the go trading you can choose any of the mentioned applications. While there are numerous cryptocurrency trading apps out there, we have found that these five are currently the best in the market.