What is the best platform for bitcoin trading?
Ethan If you are looking to buy, sell, and trade cryptocurrencies on your mobile phone, you’ll be pleased to know that there are heaps of options in the market. But, with so much choice, this can make it difficult to know which trading app to go with.
For example, are you looking to focus on an app that offers industry-leading fees, or are you more concerned about trading a specific pair? Either way, you need to perform in-depth research before taking the plunge.
To help point you in the right direction, here I discuss my top-rated cryptocurrency apps of 2021. On top of this, I also explain some of the key metrics that you need to look out for prior to selecting a provider.
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1. eToro – Best All-Round Crypto Trading App
So now that you know what factors you should be looking out for when selecting a crypto trading app, I am now going to discuss my number one pick – eToro. Launched in 2007, eToro is home to over 12 million traders around the world. You will have the option of trading via its main desktop site, or through a fully-fledged mobile app. The latter is available on iOS and Android devices.
2. Binance – Best Crypto Trading App for Tradable Pairs
Binance needs no introduction in the cryptocurrency exchange circle – not least because it is responsible for some of the largest trading volumes globally. For example, in the last 24 hours alone Binance has facilitated over $9 billion in trading volume (as per CoinMarketCap).
While most traders will buy and sell pairs through the main Binance website, the provider also offers a trading app. This is available to download free of charge, and it’s compatible with iOS and Android devices. Much like in the case of eToro, you will have one central account that you can use across all devices.
3. Coinbase – Best Crypto Trading App for Beginners
Although Coinbase won’t be the right crypto trading app for some of you, it likely will be if you are an absolute beginner. The reason that I say this is that the app is one of the easiest to use. In fact, even if you have little to no experience of trading cryptocurrencies, you should be fine with Coinbase.
4. NSBroker – Best Advanced Trading App for Crypto CFDs
If you like the sound of trading cryptocurrencies in the shape of CFDs, it’s well worth checking out NSBroker. The platform gives you access to five digital currencies – namely Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. Each of these five cryptocurrencies can be traded against the US dollar at a commission rate of just 0.5% per slide.
5. YouHodler – Best Crypto App for Earning Interest and Loans
Although not uniquely a trading app, YouHodler is an interesting platform that offers a full range of cryptocurrency-based products. At the forefront of this is the ability to earn interest on your cryptocurrency holdings that otherwise – would be sat idle in your private wallet.
The way it works is as follows. You deposit your chosen cryptocurrency into your unique YouHodler wallet. You can do this directly from within the mobile app. Then, depending on the digital currency you deposit and the length of time you keep the coins locked away, you could earn up to 12% in interest per year.