A cryptocurrency is a digital currency that is designed to work as a digital money or asset or you can say as a medium of exchange through the web. It uses cryptography or cryptographic codes and letters to secure and verify transactions as well as controls the creation of the new units of cryptocurrencies. The good thing about cryptocurrencies is that they have limited entries in a database which no one can change unless some specific conditions are met first.
Like any physical currency, cryptocurrencies can be used to buy products from the online stores or retailers. But unlike the other currencies, these are digital and they use cryptographic codes to provide a secure online transaction of any amount. The cryptocurrencies can be used to buy things like other currencies but the main benefit is that you can trade or exchange them for profit. There is a crypto Wallet that saves and hold your currency secure. The crypto wallet is a storage for cryptocurrencies, but you can’t buy or sell the cryptos with the help of a wallet app.
The main purpose of Wallets is to focus on very high-security features to keep your coins safe. And also keep in mind that you might want to have two separate apps for your exchange and for your wallet if you want to hold your cryptos for a longer-term.
It is really easy to keep the cryptocurrency or you can just buy and sell these coins for your financial profit if you have the knowledge about the technicalities and its know how. With this developed digital world you can now even trade your currencies from you device or phone due to which most of the investors are directing their focus towards the crypto. It doesn’t matter which phone or device are you using, all that matters is that you should use a secure device connected to an internet to get started with the exchange of online digital currency that is known as cryptocurrency.
In this discussion, the main focus will be cryptocurrency apps that you can use for your ease. In order to use any of these apps you will have to create an online account on those apps to use your account for exchange and other ways. So all of these apps most likely share the same features like one another, there are bit difference and functions that we have discussed below.
About Crypto Apps
The cryptocurrency app allows you to buy and sell cryptocurrencies. They need to be first connected to your bank account or your credit card in order to make any transactions. Some of the large crypto exchanges like Binance doesn’t allow you to buy the cryptocurrencies directly. They mainly focus on exchanges between the currencies online only. So you have to be keen about which coins you hold and which you Exchange.
There are wallets to store your currency safe and secure and every wallet is specifically designed to work with all types of cryptocurrencies. And if in case you are not sure which of the network your coins work on, then try sending a small amount of cryptocurrency to the new wallet. You should be able to see it within 10 minutes in your wallet. Keep in mind that Bitcoin and other cryptocurrency transactions are not easy to trace. Once you have started a transaction between the wallets, it is not possible to cancel or get your money back.
There is a possibility in case of errors that an unauthorized transaction from your exchange can go all the way to Argentina or some other country, and there is no way to tell exactly who is responsible for that. This is what makes the perfect cryptocurrency market for the criminals, hackers, and scammers.
Best Crypto Apps
Now coming to the best crypto apps, we have shortlisted few apps that can prove to be the best crypto apps out there in today’s market, and each of them has their key features that are explained in detail below.
CoinStats is a great app that helps you manage all of your cryptocurrency in one place. In this app, you have to connect your exchange account and wallet account. You can also choose to add a manual portfolio too, depending on your choice of decision. You can use this app and trade by your exchange accounts, credit card, or Apple pay account. If you want to track coins and make the manual transactions. It is a convenient tool to analyze your crypto holdings because you can check CoinStats analytics, and you can have a look at your Portfolio vs. the current Market situation, Portfolio Comparison, Pie Charts, and other statistics that will lead you to make data-driven decisions.
If you want to show your holdings records with your friends then you can share your portfolio link with them. One more problem that you may face is constant spending of the time on your coin tracking. You can also check the news section from where you can read the number one news source and add to yours as well. You can also filter them by voting as most bullish or the bearish. You might not want to miss checking the team updates as well, which include the news from first hand. One more good thing about the CoinStats is that it is also available as a mobile app for both android and the iOS, and as a Mac app, Web app, Apple TV app, Apple Watch, and for Chrome extension, Mozilla add-on, etc. you can join the CoinStats and make your Crypto Tracking process much better than ever.
Blackfolio (For Android)
Blockfolio is one of the most widely used trackers in world of cryptocurrencies. It has over 5 million users all around the world. Most of the cryptocurrency investors want to track and manage their coins in a safe place. The Blockfolio allows you to track the portfolio’s value over time, it doesnt matter which coins you have in your wallet. It links with your wallet and exchange accounts and then allows you to see the changes in value quickly without even unlocking your full exchange profiles or risking for a hack. It does support the data on 800 cryptocurrencies on over 300 of the exchanges.
It is a free app, and if you don’t already own some cryptocurrency or you don’t know which coins you want to track, then Blockfolio won’t be of much use to you. You might find yourself checking for Blockfolio’s tracker multiple times all day.
Voyager (Best for iPhones)
Voyager is a very comprehensive coin exchange app that lets you view the charts and buy the largest coins on the market and store them in your wallets. Voyager is a safe and secure app for exchanging, and it also features a number of charting tools. The traders who are just interested in completing more number of trades and then decide to explore the cryptocurrency benefits from the Bitcoin can get a free $25 of bitcoin credit in their account for signing up with the app.
The Voyager includes a full set of tools that a cryptocurrency investor needs. Its interface is simple and easy to use which makes it feel like a beginner app with a combination that includes the exchange capabilities, a secure wallet, and even a market newsfeed. You need to know that Voyager is only available in a few parts of the United States, and it is not available internationally. But the company plans to expand internationally soon. So it is also possible that you will also have the access to the Voyager if you are not currently able to get it.
Okane is an app that is built for everyone, whether you are a beginner or an experienced crypto trader, it doesn’t matter. It allows you to pay, withdraw, receive, and deposit and also view the crypto updates in real-time. The app also allows the users to gain their access to CoinMarketCap from where they can view the rankings and prices. This app supports the Bitcoin, Winco, Ethereum, and other digital currencies. It is a great application to use, and it has a feature which allows the business to receive the cryptocurrency as a method of payments.
Binance is one of the world’s fastest-growing cryptocurrency exchange app that is spreading widely all over the world with alot of features to excite the investors. This app has grown so vast and so popular that it is now available in over 190 countries currently which are offering a large number of cryptocurrencies in the digital market. It has a friendly stock trading style that is trustable by the investors as well as the other dealers and it gives a professional look and feel when you make the exchange. You should know that this app is really easy to use and quite straight forward that even the beginner of crypto traders can learn to use it immediately.
The brand Binance name speaks for itself as it has the highest volume of trading and you dont have to mention details when you are talking about cryptocurrencies with binance. This trading platform is available as both for Android and iOS apps. The app supports a host of altcoins, including all the major coins like Binance coins, bitcoins, etc. The app comes with pro-features, and it also supports the futures trading with a leverage of 125x on the BTC-USDT trading pair. If we talk about some of the benefits of the Binance app, here are they
- It supports an exhaustive list of different cryptocurrencies.
- It also supports crypto futures trading and margin trading with limited availability.
- It offers an array of wallet options.
- It supports anonymous accounts with a comparative limit.
- It provides a relatively stable app experience.
In this discussion, we discussed about the cryptocurrency and the best apps for the cryptocurrency and their management as well as their exchanges and wallet storages in detail. All the data mentioned here is authentic and is taken from a solid source. These crypto apps have each of their own unique and special feature in various aspects such as news, exchanges, wallets, portfolios, games, and more. The cryptocurrency even lets you trade from your smartphone. As more investors are beginning to pay attention to the crypto, the demand for the fast and convenient mobile solutions is really growing.
We hope that you find this info very useful, and it brings any help to you and that you may feel easy to ask us any questions. If you have any questions or a problem then you can leave a comment or mail us at our given mail in the section, we will respond when we will see your request.
Which are the top 5 cryptocurrencies to invest the year 2020?
- Bitcoin is the best currency as in 2020, the first and major cryptocurrency for which the developers will offer 50% reduced rewards such as 6.25 BTC instead of 12.5 BTC for each verified block.
Why should I not buy a bitcoin?
The price of bitcoin is very prone to a massive drop from time to time. You never know what is going to happen next in the market, the bitcoin and other cryptocurrencies have witnessed this more than 80% drop in their actual value on the market. And not to forget this has happened to the bitcoin about 3 times. Sometimes the prices recover and hit a new high, but there is always a risk of the drop.
Why bitcoin is a bad investment?
For the starters, the bitcoin’s volatility is a reason why most of the retailers won’t accept it. Even with the blockchain-based transactions which can validate and settle faster than actual payments on the traditional banking networks, the lag in the settlement times can still allow for a wild vacillation in the price of a bitcoin.