Business, Information

Top 5 Uses for Trading Cryptocurrencies Like Bitcoin, Dogecoin, and Ethereum

Do you want to trade cryptocurrencies on the go? These five apps are available for Android or iOS and will allow you to stay connected to your cryptocurrency wallet regardless of your location.

For example, Cryptocurrencies like bitcoin and the multitude of altcoins have reached all-time highs in recent times, but prices on the way to the moon don’t mean the crypto market is not yet without volatility. If you need to get the most out of your cryptocurrency holdings, you need to exchange your coins regardless of your location. It is where these five apps come in. Each of these apps is available for iOS and Android. If you are planning to trade cryptocurrency, remind that cryptocurrency markets are not always safe or stable, or even unreliable markets with a good reputation. Cryptocurrencies are a hot target for cybercriminals. So be sure to read How to Trade Cryptocurrencies Safely before investing any money that might get lost.

Binance

Binance is the largest crypto trading market by volume and has a solid reputation as a Protected place to buy and sell Bitcoin and other altcoins, of which it supports over 200.

According to Binance, the app protects by the Secure Asset Fund for Users, a cold wallet (not connected to the internet) that fills with 10% of all trading fees charged by Binance. The app also offers savings and says it earns interest over 5%. The Binance application also has a “Lite” interface for inexperienced cryptocurrency traders. If you are a First Visitor to the world of crypto trading, this might be a great choice.

Binance is available for iOS and Android.

Coinbase

Another of the larger cryptocurrency trading platforms, Coinbase, has a smaller selection of coins but has several security features. And it offers new users $ 5 worth of Bitcoin when they register and verify their currency.

Coinbase supports Bitcoin Cash, Ethereum, Ethereum Classic, Bitcoin, Litecoin, Basic Attention Token, 0x, and USD Coin. A bank account or debit card of trader only needs to be linked for trading. It also offers intelligent tools that provide updates on coin performance and news and a knowledge base to learn more about what cryptocurrencies are and how they trade.

Coinbase defines itself as safe at the bank level and allows users who lose their devices to disable the Coinbase app to prevent theft.

Coinbase is available on iOS and Android.

Robin Hood

The Robinhood stock and cryptocurrency trading app faced a backlash in early 2021. When it froze GameStop stock sales in a spike backed by Reddit and also recently collapsed during a Dogecoin price spike.

Despite its issues, Robinhood is a beginner and user-friendly app that support cryptocurrency and regular stock trading. Bitcoin Cash, Bitcoin SV, Bitcoin, Dogecoin, Ethereum, Ethereum Classic, and Litecoin exchanged in the app.

Another thing to remember is if you want to invest in cryptocurrencies without having to dig into wallets and other technical details, it’s worth a look, but you can’t cash in crypto. Robinhood currency can only buy and sell if you want to remove your crypto from your exchange to store it in a local wallet; give Robinhood a pass.

Robinhood is available for iOS and Android.

Sofi

Sofi is not only a cryptocurrency trading app. It also only offers stocks in addition to crypto. It’s more of an all-in-one financial management application for investing, banking, and credit cards.

Sofi offers cryptocurrencies, stocks, split stocks, ETFs, IPOs, debit cards, credit monitoring, loans and even runs a “ game theft ” contest for newbies. Accounts with a potential prize of $ 1000. Points collect from purchases with Sofi’s debit card can even be redeemed for cryptocurrencies such as Bitcoin and Ethereum.

If you want to invest without micro managing your inventory, Sofi also offers automated systems that use algorithms to identify the best ways to convert investments into returns.

Sofi is available for iOS and Android.

 Twins

The twin exchange started by the Winklevoss twins is all about security. It needs two-factor authentication for all accounts, keeps most deposits in vacuum cold stores offline (hot-stored assets are insured), and uses the least privileged principles of access control in its environment production.

In addition, the hardware security modules generate and store keys internally. And it require “the coordinated action of several employees to function.” . The entire process is the first exchange that has received SOC1 Type 1 and SOC 2 certification. Type 2. In short, Gemini’s security is possibly some of the best in the crypto marketplace industry.

Gemini also has a Gemini Pay service that allows users to spend crypto in over 30,000 commercial locations across the United States.

Gemini is available for iOS and Android

ALSO READ: The Bitcoin Revolution – What It Brings To The Globe