Top 5 cryptocurrency trading apps for Android and iOS
The rapid rise of the crypto market has led to the evolution of associated products and services. There are a lot of ways to trade cryptocurrencies — spot, margin, derivatives, etc. Also, the buying and selling process is now much easier than it was a few years ago. But such market development has enabled the next problem — the choice of a suitable platform.
Before deciding what to choose, you need to consider two aspects —the support of your country and desired assets. Although cryptocurrencies are a global phenomenon, some trading platforms cannot provide their services in certain countries due to regulations or other factors. So first of all, you need to make sure that the selected platform provides services in your country.
The second aspect is more focused on traders who want to trade specific cryptocurrencies or derivatives. If you want to trade Bitcoin or Ether on the spot market, it is quite easy as these markets are supported on almost all crypto platforms. But if you are interested in some little-known cryptocurrencies or in futures, then the list of suitable platforms shrinks. That is why try to think about which markets you want to access before you start trading on a particular platform.
To get the most out of your crypto assets, you need to always be able to trade your cryptocurrencies anytime anywhere. This will allow you to quickly respond to market changes and rebalance your crypto portfolio. And mobile apps of popular and well-known crypto trading platforms provide such an opportunity. Let's take a look at 5 cryptocurrency trading apps that are available on both Android and iOS.
CEX.IO app
The CEX.IO app combines a user-friendly interface and multiple services, which can be found on the main website and are exclusive to the app. The CEX.IO platform supports over 99% of countries, allowing users in countries that are rarely supported by other platforms to access cryptocurrencies. In turn, the platform has established itself as a safe and reliable place for trading and storing cryptocurrencies over its 8-year history.
CEX.IO exchange supports numerous payment methods but the application is more focused on card and crypto transactions. And this is not surprising since CEX.IO is one of the first crypto exchanges that began to allow the purchase of cryptocurrencies using debit and credit cards. With the CEX.IO app, it is possible to buy and sell cryptocurrencies instantly using a bank card, as well as make card payments in local fiat currencies.
CEX.IO app supports over 90 cryptocurrencies for spot trading and offers to track the latest changes in crypto prices using a convenient notifications system. However, the CEX.IO app is only a part of the CEX.IO ecosystem. But CEX.IO account opens access to many other trading and crypto-related services, such as margin trading through the CEX.IO Broker, crypto staking, savings, loans, etc.
Coinbase app
The Coinbase app is considered one of the most user-friendly mobile trading apps, especially if you are new to cryptocurrencies. The application has a nice interface and also provides secure access to private keys. Coinbase describes itself as an exchange with bank-level security through various ways to keep your account safe.
The Coinbase app supports around 100 cryptocurrencies at the moment and also gives you access to in-app price alerts. Coinbase app gives access to multiple crypto-related services but Coinbase is also known for its relatively high fees compared to other cryptocurrency platforms.
A distinctive feature of the Coinbase app is the built-in news feed from the top-tier industry media like Cointelegraph and Coindesk. It may help analyze the always-changing situation in the crypto market and make trading decisions on the go.
Binance app
One of the main advantages of Binance is the support for about 200 cryptocurrencies, as well as its current status as one of the leading crypto exchanges in terms of the trading volume. The Binance app has a so-called lite interface, which is designed for newcomers and includes only a subset of the available services.
An interesting feature of Binance is a native cryptocurrency that can be useful to avid traders. With BNB cryptocurrency, you can pay commissions on Binance and trade in different markets that may help you save on various trading fees.
Besides the spot market, the Binance app also gives you access to perpetual futures contracts, offering to trade with leverage.
Deribit app
Deribit is a platform that focuses exclusively on derivatives such as futures and options. The Deribit app offers a variety of Bitcoin options contracts durations — daily, weekly, monthly, even up to 10 months. It means the application can be used to buy long-term options.
Deribit is more geared towards advanced cryptocurrency traders who want to try more sophisticated trading tools. But the entry threshold is relatively high, for example, you can buy from 0.1 BTC per option contract. However, you may apply leverage when trading options that will lower your initial financial outlay.
Deribit does not accept fiat deposits, only cryptocurrencies. So if you do not have BTC for trading in the options and futures market, then first you need to purchase them somewhere else.
TradeSanta
TradeSanta is a platform that provides a wide range of tools for trading bots and automated trading. An app has an intuitive interface and provides multiple settings, making it suitable for both those just starting out with using trading bots and more advanced users.
To trade through TradeSanta, you first need to register on the exchange, and then connect a trading bot to it via API. TradeSanta does not have access to funds on these exchanges. Bots can open and close positions, place and modify stop loss and take profit orders, and so on.
TradeSanta allows you to use provided trading bot logic templates or customize all parameters from scratch. Additionally, TradeSanta may help monitor the trading bot performance on various exchanges in one place.
