Cryptocurrency trading might sound like something too complex for you to conquer. However, from the start, you have a lot of helpers. Online guides, constant info updates, useful apps are always at your side.
A good trader is the one who has tech as his or her ally. That’s why you need a reliable trading application to succeed within the first week or even a day of your career.
We’ve heard a lot of stories about scammers who lie to beginners and strip them of all the money, not giving them an opportunity to try real trading.
So, a TOP list of 3 amazing trading apps that won’t rob you is a must!
Contents
1. Coinbase and Coinbase Pro
Let’s start with the giants. Coinbase is one of the most used exchanges in the US. IT was founded back in 2012, following the start of the cryptocurrency age when Bitcoin was released in 2009.
The service is licensed and can operate in 40+ US states.
Advantages:
- A wide variety of altcoins;
- High reliability;
- Easy-to-use website;
- High liquidity.
Disadvantages:
- The user can’t control wallet keys;
- Considerable fees (not in Pro version).
Coinbase has proven its reliability many times. It never was a part of any controversies, and there are a lot of them surrounding Bitcoin and altcoins. It’s convenient, easy-to-use, fast, and open for any trader.
There’s also a Pro version of the exchanger. It has more useful features and indicators, and the fees are significantly lower.
If you’ve mastered the regular Coinbase, it might be time to try the Pro version. Its main advantage is that it’s free, you don’t have to buy a subscription. It’s just a higher-level type.
2. Crypto Engine
A relatively new and very promising application is Crypto Engine.
With more attention to cryptocurrency and the feeling of a major breakthrough that should happen pretty soon, talented developers and professional traders have created this app.
It offers first profits in 24 hours from the registration. The application is quite suitable for beginners, but it’s better to know something about trading before you create an account.
Pros:
- Easy registration;
- First profit in 24 hours;
- High degree of automation.
Cons:
- USD payments only.
On the website, you can find detailed information about the company, its Privacy Policy, Terms, and Conditions, etc. It’s important to read it before using any new application.
Crypto Engine helps you build profit slowly yet consistently. There are opportunities to double the investment in a week or go slower while learning all the features and tools.
The team recommends choosing a trading strategy for the best results with the app. The entry barrier is only $250, which makes the services affordable for beginner traders. The payments are only accepted in USD.
You can find the application on Google Play, or visit the Crypto Engine website beforehand.
3. eToro
eToro is one of the oldest trading apps. It was founded in 2007 and helps over 12 million traders make profit. It’s available all around the world and on both iOS and Android devices.
With the service, you can trade over 16 cryptocurrencies, including market leaders such as Bitcoin, Ethereum, Ripple, etc.
Pros:
- High authority;
- Lots of cryptocurrencies to trend;
- Pair trending available;
- Low fees;
- Multiple deposit options.
Cons:
- No withdrawal to a private wallet until you decide to cash out.
The fee structure of the service is one of the favorite features for newcomers. The only commission you pay is 0.5% for currency conversion if you’re depositing not in USD. For comparison, Coinbase charges around 3-4%.
There’s no commission for buying and trading. And as to the withdrawal, where a lot of apps catch you with large fees, eToro charges around $5.
Have a Tech Backup at All Times
Have at least a couple of applications for trading, even if you’re a professional. The world of technology never halts its development, so a simple app can teach you a thing or two.
Plus, it’s very convenient to use automated features and benefit from low fees and high credibility.
This Is What You Should Look for in a Trading App:
- Ease of use;
- Beginner-friendly features;
- Credibility;
- Security of data and finances;
- Some degree of automation;
- Professional trading features for experienced users.
Use old services that have already established their authority, but don’t forget about young prospects that may become the most used apps in a couple of years. It doesn’t hurt checking out several options and using them for different trades!
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