Best crypto apps
Are you planning to buy Bitcoin, but you have no idea which Bitcoin app is best to use? We show you which apps are the best, most reliable and most helpful.
Precisely because there are so many apps in the field of Bitcoin, it is quickly unclear which are user- friendly and which are not. That is why we explain in this article which free Bitcoin app is best to use.
Nowadays, we are constantly on our smartphones, but many people still invest via laptops or computers. Why not just use your phone?
A Bitcoin app is self-explanatory these days and is not difficult at all. In this handy step-by-step plan, we will guide you through it and tell you, among other things, what the best Bitcoin app is and the best free Bitcoin app.
What is a crypto app?
A Bitcoin app is a mobile version of a particular broker. The significant brokers nowadays have a handy and user-friendly app that can be easily downloaded.
On many apps, it is possible to get acquainted with the platform first. That’s why you quickly get access to a demo account with which you can learn how to trade.
In a Bitcoin app, you usually see some common categories. These typically are markets, transactions, your mailbox and your wallet. eToro may have the best Bitcoin app of them all.
When choosing a mobile app for Bitcoin, it is essential to check whether it is a free Bitcoin app and whether you can quickly pay. The more well-known apps generally have this.
You also have Wallet Apps and trading apps. The difference between these is that when you use a Wallet app, you want to save Bitcoin for the long term. With a trading app, you are often trading weekly.
Why use a cryptocurrency app?
Do you have no experience with investing yet? Then it might not be wise to start investing via a Bitcoin app. It is better to start on a large screen with more overview than a small screen. Also, note that you have to use the best Bitcoin app.
It is wise to start investing in a cryptocurrency, but immediately investing in Bitcoin on an app is probably too much to ask. It does require some experience, and you have to know what you are doing. It is therefore always helpful to have someone close to you who knows about it.
Practice on your smartphone
As we said, it is best to start investing in a laptop or computer. This is because you then have a lot more overview and know more quickly what you are doing. On eToro, you can create an account with play money. With this, you can practice, but also make sure that you practice on your smartphone.
Of course, you want to be able to check the status at any given moment quickly. By practising with the fake money you get from eToro, you will get the hang of it faster on your smartphone.
Keep an eye on the course.
The advantage of a mobile app is that you can always check the current price on your smartphone. You want nothing more than to make a profit, and that is understandable.
The market is not always predictable, which can sometimes cause crazy things to happen in a crypto market. So are you having a quiet day? Make sure you have a well-charged smartphone with you to work to keep a close eye on the course.
Don’t lose your smartphone!
Do you have a go at it, and do you know how to invest in a Bitcoin app? Then don’t lose your smartphone. In addition to not losing your phone, you should make sure that your login details are well protected. Never give anyone access to your login details. It can be worth gold.
Top 5 crypto apps – Best crypto app
No matter what type of cryptocurrency app you need, there are a few things to look for when comparing your options.
Bitcoin and other cryptocurrency transactions are tough to trace. Once you initiate a transaction between wallets, it is virtually impossible to cancel or get your money back. Due to the decentralized nature of the blockchain, it is also almost impossible to find out who has which wallet.
An unauthorized transaction from your exchange could have gone down the street or to Australia – there’s no way of knowing exactly who’s responsible. This makes cryptocurrency the perfect market for criminals, hackers and scammers. Before downloading any trading or wallet app, check the company’s security features. Look for 2-factor authentication and back-end encryption to keep your coins as safe as possible.
Cryptocurrency markets are always on the move. It is possible to go to sleep and see a single coin rise by 25% – or lose half of its value. Keeping your finger on the pulse of the cryptocurrency market means up- to-date, meticulous information because crypto data become outdated much faster than information about stocks or fiat currencies.
Whether you want a comprehensive cryptocurrency trading platform or a simple tracker that lets you know how your favourite coins are doing, search for real-time data and information. This ensures that you are not using outdated information to inform your trading and investment decisions.
eToro – Beste cryptocurreny app
eToro is one of the largest brokers in the world; there are millions of people using this social trading platform. What makes eToro unique is that they are a social trading platform; they are also a social network.
Traders on eToro thus form a social network together. In practice, this means that traders communicate with each other and can view each other’s portfolios.
It is also possible to copy the portfolios of other traders with the CopyTrading function. Thus, even novice investors can take over the portfolios of successful investors.
Also, with cryptocurrencies such as Bitcoin, you can take over the positions of successful crypto traders and go along with their trades!
You can go to eToro as a Bitcoin app, but also for more trading products. The full range at eToro consists of stocks, ETFs, forex, commodities and cryptocurrencies. An added benefit is that eToro charges 0% commission on stocks and ETFs.
At eToro, they understand that it can be pretty overwhelming to start investing. That’s why they have a free demo function where you can go through everything to get the hang of it.
If you have practised enough and you no longer want to invest with fictitious money but with your knacks, you can start with a low minimum investment of $50 (€42). All in all, eToro is the perfect Bitcoin app for novice investors!
Libertex – Top crypto apps
Would you like to invest in CFD? Then you are at the right place at Libertex!
Libertex has about 20 years of experience in this financial market and has a lot of certificates.
The trading platform is based in Cyprus. It is safe to invest here due to European regulations. The trading platform has approximately 2.2 million customers in 110 different countries.
It is possible to buy a CFD (contract for difference) and currencies, commodities, and ETFs here. Before you want to buy something, it is also possible to perform technical analysis on this platform.
In addition, this platform also has a demo account. This means that you can trade with fictitious money. This way you can see if this market is suitable for you. This gives you a fictitious 50,000.
Capital.com – Best app to buy crypto
Capital.com was launched in 2016 as a Bitcoin app and platform. After this, it didn’t take long before they were discovered by crypto traders and became world-famous.
Like eToro, Capital.com has an app that can be downloaded from both the App Store and Google Play. So iPhone and Android users can easily invest via Capital.com.
Your money is therefore well kept according to protocols and cannot simply be lost. The company has been verified according to the guidelines of CySec and thus appears to be 100% reliable. After all, privacy is paramount with the most well-known brokers such as Capital.com and eToro.
Binance – Best app for crypto
Binance is one of the largest, if not the most prominent, bitcoin exchanges globally with its App. Binance is known for it because they also have their cryptocurrency called the Binance coin (BNB).
The Binance coin is popular in its own right and is essential in the App. With the Binance coin, you get more favourable exchange rates than with fiat currencies. Binance has a clean interface, but you can switch to a more in-depth interface if you want.
With the Binance Bitcoin app, you get a built-in wallet that you can use. You can exchange many crypto coins for others, making the Binance app a worthy exchange.
YouHodler – Crypto wallet app
While not uniquely a trading app, YouHodler is an exciting platform that offers a full range of cryptocurrency-based products. At the forefront of this is the opportunity to earn interest on your cryptocurrency holdings that would otherwise sit idle in your private wallet.
The way it works is as follows. You deposit your chosen cryptocurrency in your unique YouHodler wallet. You can do this directly from the mobile App. Depending on the digital currency you deposit and the length of time you keep the coins locked up, you can earn up to 12% interest per year.
Bitcoin yields up to 4.8%, but that is still competitive. In addition to the ability to earn interest, the YouHodler app also supports cryptocurrency lending. You can get an LTV (Loan to Value) of up to 90% on the digital currency you deposit, with the proceeds paid out in fiat money.
This may be suitable for those who want to release some of the money you have locked up in cryptocurrency without being forced to cash out. If the value of the coin you deposit increases while the loan is outstanding, you will benefit from the winnings.
On the trading side, YouHodler has introduced some innovative trading features such as Multi Hodl for crypto margin trading. Turbo loans can also be used to your advantage.
You can also use YouHodler to buy cryptocurrencies directly from your account using fiat currencies (EUR, USD, GBP, etc.).
Crypto News – Bonus app
Crypto News is an ideal app to keep up to date with all the crypto news daily. Different sources are used and merged into one dashboard that generally shows all the essential information.
In the App, you can also filter by different categories. For example, you can choose only to see news about Bitcoin, or perhaps Ethereum. You can also choose to only get tweets on your screen, for example, you can see which coin will bring Elon Musk back to the moon or when the makers of Ethereum give an update.
You also have the option to create your feed. This is a tab where you can tick the categories that are most important to you. In this tab, only the news about your chosen categories will be displayed. Very useful for someone who is only involved with Ethereum projects or only with Bitcoin, for example.
CoinMarketCap is also integrated into the App. This allows you to view prices and other current data about the various cryptocurrencies at any time.
Buying Bitcoin on a mobile app is quite reliable and safe when you put everything together.
If you want to focus on Bitcoin in the near future entirely, I will go through all the steps again and start quickly. After all, it is already 2021, and you are certainly not alone in this. Know that it can also go downhill fast, but of course, we hope not for you.
Play with play money first to find out if this is something for you and whether you can get a Bitcoin app under control. And remember that there are even more great apps like these around, most notably the crypto.com app.