Cryptocurrency is quickly gaining steam on a global scale and for good reason. It’s secure, easy to convert for international exchanges, and presents some unique investment opportunities.
However, it is still a budding technology, and that means that dozens of companies are sprouting up around it in an attempt to get ahead of the curve.
Options are a good thing, but when you have countless apps appearing out of nowhere, ranging in quality from amazing to downright pointless, it can be extremely difficult to find the perfect app to facilitate all your cryptocurrency exchanges in a way that suits your needs effectively.
To help you get started, we’re going to go over the top ten cryptocurrency apps for iOS and Android. The list is fairly varied. So, there’s something for everyone.
Best Cryptocurrency Apps:
What is a Cryptocurrency App?
Cryptocurrency apps aren’t overly complicated. You can think of them as banking apps, but instead of managing your bank accounts and debit cards, they manage your cryptocurrency portfolio. Depending on the app you choose, you can track the price of your preferred cryptocurrency, trade, convert it into fiat, and even get the latest news about the crypto market.
It’s worth noting that if you’re new to cryptocurrency, a mobile app is easily the best way to get started. Desktop applications tend to be complicated and aimed more towards tech-savvy individuals. Whereas, a mobile app typically allows you to log in and set up your account with ease; allowing you to focus on productivity and learning about the market without a hassle.
Different Types of Cryptocurrency Apps
As we mentioned, there are different types of apps for you to choose from, and you most likely want to use a combination of two or three apps to ensure you have full access to all the information and capabilities you need to successfully deal in cryptocurrency.
Exchanges are where most of the work is done when it comes to cryptocurrency. An exchange app allows you to buy and sell crypto coins.
There are a lot of different exchange apps available, and it might be necessary for you to download multiple exchange apps if you plan on varying your crypto portfolio.
However, we highly recommend starting off with a single type of currency to keep from being overwhelmed. Managing several exchange apps for multiple coin variants is a painstaking task that’s best left to experienced traders.
A wallet app is exactly what the name implies. It stores your cryptocurrency when you’re not actively exchanging it. This is necessary to prevent losing your coins by storing them in the exchange, and wallet apps are typically designed from the ground-up to emphasize security over the long-term.
While trackers and news apps are somewhat optional, we absolutely recommend having at least one exchange app and one wallet app that are compatible with your preferred currency.
If you’ve ever participated in the stock market or foreign exchange, you know how important a role the news plays in making worthwhile investments. The same goes for cryptocurrency, and news apps allow you to stay up-to-date with market fluctuations and general cryptocurrency news wherever you may be.
This isn’t absolutely necessary, but it will help you make more intelligent decisions when you start managing your portfolio.
It is worth noting that most news apps don’t cover every available coin. They typically focus on the industry’s most prominent cryptocurrencies, and you might occasionally see notable news regarding smaller, less used coins.
Trackers are essentially companion apps that allow you to quickly check real-time updates for price fluctuations. These are in no way necessary, and if your phone is low on storage space, it’s probably best to stick with the essentials. This is because every exchange has price information built-in.
The issue is that quickly accessing your exchange app isn’t really an option. They’re typically highly secure, and it’s a bit of a hassle to continuously log in to your exchange app for a quick checkup. So, it’s still nice to have a tracker app if you want easy access to pricing information.
What Makes a Good Cryptocurrency App?
There are three main factors you need to consider when choosing a cryptocurrency app.
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