Many cryptocurrency investors and traders are thriving by buying and selling cryptocurrencies like Bitcoin, Ethereum, Tether, Ripple, etc. daily. When it comes to trading cryptocurrencies, it is essential to act fast. The market fluctuates and when there’s a chance to take advantage, it should be taken quickly.
Because of this, most cryptocurrencies brokers and exchanges feature mobile crypto trading apps. It’ll be easier for traders to keep tabs of the market from their mobile devices than sitting on a computer all day. The major advantage here, however, is that you can trade anywhere you find yourself, so long as you’re with your mobile device.
If you’re wondering what is the best mobile crypto trading app, we have listed out some of the top options in this post. But first, what makes a good mobile crypto trading app?
What To Look For In A Mobile Crypto Trading App?
The first and most important thing you should check for is the available cryptocurrencies. There are more than 5 thousand cryptocurrencies available.
Of course, most trading apps would feature Bitcoin and popular altcoins like Ethereum, Ripple, Litecoin, etc. There might be some unpopular altcoins you want to trade, so you should check if they are featured.
The next thing to look for is transactions methods. Do you want a peer to peer trading platform where you buy from individuals or an over the counter trading (OTC) platform where you buy from brokers and can trade with margins and leverages?
If you’re interested in leverage and margins, you might want to look for the ratios and spreads. Furthermore, check for their payment methods. Perhaps you want to purchase a cryptocurrency with your preferred medium.
Last but not least you should check the associated fees. There may be fees for deposit, withdrawal, and other possible transactions. Most of these factors will be determined by the way the broker or exchange operates.
With these in mind, check out some of the best mobile applications and find what is the best broker for cryptocurrency.
Best Mobile Crypto Trading App
Listed below are some of the best mobile crypto trading apps from renowned crypto brokers and exchanges:
Plus500 is a very popular broker for cryptocurrency trading. The platform has a mobile app for Android, iOS, and Windows operating systems. With their mobile app, you can trade Bitcoin, Ethereum, Litecoin, and IOTA. You can purchase cryptocurrencies using your credit card, PayPal account, or by making a bank transfer.
Trading with the Plus500 mobile app is safe as the broker is well regulated by different financial bodies. More than 5 million persons currently use their mobile app although not all trade cryptocurrencies. Nonetheless, Plus500 also offers trading services for Stocks, Forex, etc.
eToro offers an easy way to trade the world’s top cryptocurrencies from your mobile devices. This includes Bitcoin, Ethereum, Ripple, Dash, and many more.
Interestingly, their mobile app features an innovative CryptoPolio that displays cryptocurrencies portfolio. Furthermore, the platform integrates some of its web trading tools in the mobile app.
The mobile application boasts of over 10 million users across different mobile operating systems. Apart from the features, its user-friendliness complements it as one of the best mobile crypto trading apps.
When rating cryptocurrency exchanges, Coinbase leads with over 25 million users and presence in more than 32 countries. The mobile app is one of the crypto trading mobile apps with the most available cryptocurrencies.
Not to mention, it is quite easy to use this app. You can buy cryptocurrencies with a debit card or from your bank account. It also features tools that can help you trade. Thanks to frequent updates, you can build a commanding portfolio.
Coinbase also functions as a crypto wallet provider, so you can trade cryptocurrencies and securely save them too.
AvaTrade provides the AvaTradeGo mobile trading application for Android and iOS devices. The app is lightweight and also user friendly. From the dashboard, you can access a variety of trading tools.
With AvaTradeGo, it’s quite easy to deposit using your credit card. Supported cryptocurrencies include Bitcoin, Litecoin, Ethereum, and Bitcoin Cash and you can trade with just a click.
With price alerts and real-time market quotes, you can stay informed. Also, all your transactions are secured and protected via AvaProtect. The app is currently used by over a hundred thousand users.
Luno is a popular cryptocurrency exchange that is quietly gaining prominence. With this mobile crypto trading app, you can buy and sell Bitcoin, Ethereum, Ripple, Litecoin, and a few other cryptocurrencies.
With Luno, you can trade cryptocurrencies or buy them with fiat currency. The platform is available in over 40 countries. So, it supports various currencies.
You can set price alerts for cryptocurrencies and get notified when there’s any movement on your mobile device. Currently, Luno boasts of more than 3.5 million users and the mobile app has over a million installations.
Due to the convenience that they provide, mobile devices are the most used device types. Crypto traders who want to trade on-the-go or keep an eye on the market can make use of mobile crypto trading apps.
Some of the best ones have been listed above. If you’re already a trader with any of the brokers/exchanges, you just need to download the apps and log in. Otherwise, you’ll have to create a new account.
You can also check to see if the crypto trading platform you are already using has a mobile app. If they have a good web-based trading platform, then you’ll have no problem using their mobile app.