An Overview of the Best Bitcoin Exchange Apps
There was a time when buying bitcoins was a painfully difficult process. However, the market has exploded over the last few years. Nowadays Bitcoin traders have a plethora of choices to easily buy, sell and trade Bitcoin and other cryptocurrencies.
Currently, some of these exchanges are offering mobile apps for iOS and Android to make trading on their platforms even easier for customers. Here’s an overview of the best Bitcoin exchange apps to consider if you want to start trading Bitcoin while it is on the go.
What Makes a Great Bitcoin Exchange App?
The main reason why Bitcoin traders want to trade on their mobile device lies in its convenience. The crypto market is extremely volatile. There can be unexpected price surges or crashes, or news stories that throw the market into higher than usual volatility. When this happens, you want to be able to react quickly whether you are at home sitting on your couch, on a train, or in the back of a limo.
This means that a great Bitcoin exchange app needs to:
- Be backed by a well-known Bitcoin exchange
- Be easily usable on a mobile device
- Allow access to the most important features of the Bitcoin exchange
Top Bitcoin Exchange Apps
CEX.IO Mobile App
CEX.IO has established itself as one of the key brand names in the Bitcoin exchange space. The exchange has a solid reputation for delivering a great level of service to its customers. It’s proven this again by maintaining one of the best and most useful mobile apps in the business. The exchange also stands out with its excellent security record of having 0% of users funds stolen over its years of trading.
The CEX.IO mobile app stands out as it doesn’t just allow you to check up on your trades or swap between cryptocurrencies. It allows you to instantly purchase Bitcoin, XRP, and Ethereum right from your mobile device. You can purchase cryptocurrency with your VISA or Mastercard from within the app, and withdraw funds too. You can attach your card to your account for faster fund withdrawals.
The interface of the app is intuitive and easy to use. The developers put out consistent updates in order to stay on top of user’s demands.
CEX.IO Trading Tools
The mobile app gives you access to most of the trading features and tools available on the regular CEX.IO platform, such as market and limit orders. These allow you to plan your trades and execute a more advanced trading strategy than simply buying and selling.
The available fiat currencies to trade on the CEX.IO mobile platform include US Dollar, Euros, Great British Pounds, and Rubles. Ethereum, Bitcoin Cash, Dash, Zcash, Litecoin, Bitcoin Gold, Ripple (XRP), and Stellar are among the available cryptocurrencies.
The app also features comparison tools to compare prices and market conditions on other exchanges. This could be helpful if you’ve got your hands in a few different crypto pies.
The fees depend on the trading pair as well as on the type of trading you are doing.
Coinbase Mobile App
Coinbase has become the benchmark for cryptocurrency exchanges. As the biggest and most popular Bitcoin exchange, it takes its job very seriously and therefore constantly pushing the boundaries of user experience in the Bitcoin world, making getting into cryptocurrency trading easy for everyone.
Coinbase continues to do this with its mobile app. The app is simple to use, especially for beginners. And, like CEX.IO, Coinbase allows you to buy cryptocurrency from within the app.
The app (like the desktop version) has a simple dashboard that summarizes all your positions in all your different currencies. Nothing much in the app takes more than a few clicks.
Coinbase Trading Tools
Trading options are much more limited in Coinbase than in CEX.IO. The Coinbase exchange, Coinbase Pro, doesn’t have it’s own mobile app yet, so advanced traders won’t find too much to get excited about here.
However, the Coinbase platform allows you to trade Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin. It’s possible to set up automatic buy options within the app and price alerts to keep you in the loop if something interesting is happening in the market.
The app also has some great attention to detail for new traders with ‘Smart Tools’ that help users stay informed about updates and features of the app they might not be fully utilizing.
Bitfinex Mobile App
Last on the list is the mobile app for the Bitfinex Bitcoin exchange. Bitfinex is one of the best-known names in the industry for Bitcoin traders. It’s done a good job of repairing its reputation since its hack in 2016. The exchange maintains a great mobile app to help its customers continue trading any time they like.
The Bitfinex app has a fantastic dashboard when you log in. It displays your trading positions, favorite trading pairs, orders and your history in a single view. Exactly what you want from a mobile trading experience.
Bitfinex Trading Tools
One of the greatest features of the Bitfinex mobile app is the ability to both receive and offer lending within the mobile app. That means you can borrow Bitcoin quickly to leverage your trades or lend out your funds to earn interest. Such a feature is common for desktop exchanges, but not for mobile.
Bitfinex allows trading of many different currencies and tokens, including the US Dollar and most major Altcoins. You can also receive charts of your trading data as well as notifications when your trades are executed.
Choosing the Right Exchange App
There is now a huge number of Bitcoin exchanges to choose from, but there aren’t too many Bitcoin exchanges that offer a great mobile experience. Here we’ve seen some of the best available options.
To pick the right one, you need to determine your requirements carefully. What features do you need? What kind of information do you need to know when you’re on the go? What types of trades do you need to make? Is the exchange available in your country?
These are all important considerations when choosing your mobile crypto trading platform. Choose carefully and remember, trade only what you can afford to lose!This is a sponsored article.