Before we look at the best cryptocurrency apps of 2021, we would like to quickly outline the addon criteria that will select an addon for our requirements.
For example, what are you more interested in: a low commission or a large selection of cryptocurrencies for trading ? Either way, you need to do your research before making a choice.
To help you find the right direction, we offer a review of the best cryptocurrency trading apps in 2021 in our opinion. In addition, we will also talk about the key indicators that you need to pay attention to before choosing an exchange.
First of all, you need to figure out what your short-term or long-term strategy is. For example, do you want to buy leading cryptocurrencies like Bitcoin and Ethereum and then hold them for months or years? In this case, you may be better off with a cryptocurrency broker that supports common payment methods.
If you want to actively trade cryptocurrency in order to profit from every price movement, a CFD trading platform will suit you . CFD issuers usually allow you to trade cryptocurrency without any commissions, you will only need to take into account the spread.
Note: CFDs (contracts for difference) track the market price of an asset. It allows you to earn cryptocurrency without owning any coins. At the same time, you are simply speculating on price movements up or down.
Regulation in the space of cryptocurrency trading is a kind of gray area . If you use a CFD provider, the platform is 100% likely to be heavily regulated .
For example, companies such as eToro, IG and Plus500 are licensed by the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) . Other authoritative licensing authorities are the Cyprus Securities and Exchange Commission (CySEC) and the Monetary Authority of Singapore (MAS) .
At the other end of the spectrum are traditional cryptocurrency exchanges like Binance , which are still largely unregulated. This is somewhat surprising considering the billions of dollars that pass through them every day.
The term ” cryptocurrency trading ” is quite general, not least because it can refer to several financial products. For example, if you want to trade cryptocurrency against the US dollar , you need to make sure that the program you choose supports pairs with fiat currencies.
In addition, you can trade cryptocurrency cross-pairs .
These are currency pairs that contain two digital assets. For example, BTC / ETH or XRP / ETH . If you are an experienced crypto trader looking to take things to the next level, then you should look into things like margin trading, leverage and short selling.
Plus500 is an online trading platform that offers thousands of CFD instruments. In addition to cryptocurrencies such as Bitcoin, Ethereum and NEO, you can also trade stocks, indices, commodities, bonds and much more. Access to Plus500 is provided through the main…
So, the Coinbase app allows you to buy and sell 22 cryptocurrencies. They include ATOM BAT BTC BCH BSV DAI DASH EOS ETH ETC KNC LINK LTC OMG OXT REP. USDC XLM XRP XTZ ZEC ZRX All of the digital…
Binance needs no introduction among users of cryptocurrency exchanges – not least because this exchange accounts for one of the largest trading volumes in the world. For example, only in the last 24 hours, the trading volume on Binance amounted to more than 9 billion…
So, now you know what factors to look for when choosing a cryptocurrency trading program, so we can move on to discussing the number one option – eToro . eToro , launched in 2007, serves more than 12 million traders worldwide . You are given the…
We tell beginners how to create an account on Binance and where to start trading crypto. Do you think that everyone around is already in the crypt, and you also want to join? Maybe you’ve even heard of Binance, and that’s…
