How to choose an application for trading
At the moment, Google Play offers users to install about 250 Bitcoin trading applications. However, most of them do not allow buying cryptocurrencies online. Their main functions is to track information, including the dynamics of exchange rates. Let's consider several applications which offer you to buy and sell cryptocurrencies.
Some applications are essentially crypto exchange products. For example, Binance — Cryptocurrency Exchange is a mobile application of the same exchange. The application size is 5.5 Mb. The application allows you to view the rates of cryptocurrencies and carry out transactions. Binance has a large number of trading positions, and new tokens appear in the app every few days.
The interface of the application is quite simple and user-friendly. Currency pairs, as well as cryptocurrencies rates, are presented in separate tabs. The user can choose the way to ensure the security of the account independently: either by Google verification service or by checking via SMS.
Regarding cryptocurrencies trading, it is also worth considering such cryptocurrency trading app ios and exchangers as Coinbase, Cex.io, Kucoin, and others.
For those who want to carry out transactions on several crypto exchanges simultaneously, other options for mobile applications could be considered.
TabTrader Bitcoin allows you to trade cryptocurrencies on more than 25 crypto exchanges, including BTC-E, Bitstamp, ANXPRO, HitBtc, BTCChina, Huobi, Kraken, Justcoin, etc. The application consumes 3Mb per month on the average, and the traffic is not spent on alerts.
The application allows you to use notifications to see when the rate reaches a certain limit. This is a very convenient option as it helps the trader not to miss the right moment for buying or selling. For example, an investor is long on exchange and understands that after reaching a level of $ 1000, the price will “bounce.” He sets up a notification so that the Bitcoin trade app informs him when the coin reaches a level of $ 950 in order to sell it.
TabTrader Bitcoin uses PIN protection, as well as encryption API keys for security.
zTrader allows an investor to switch between different crypto exchanges and cryptocurrencies easily. In the context of the application, the trader can buy and sell hundreds of cryptocurrencies on 17 exchanges, including Bitfinex, Bitstamp, Bittrex, BitVC (Huobi), Bleutrade, BTC China, etc.
Such Bitcoin trading app for iphone allows you to carry out technical analysis of the rates of the cryptocurrency, monitor the dynamics of the market, etc. In addition, here you can read daily latest news about cryptomarket. Traders can exchange information in Chatroom. In this application, you can also set up a notification of a change in rates.
zTrader also has a clear and intuitive interface.
When choosing an application for cryptocurrencies trading, you should consider the following points. Security is the first. The account must be protected, and API key encryption must also be provided.
Secondly, if you are seriously engaged in trading, you need to choose the application which offers the entire set of tools for technical analysis. Typically, advanced applications allow you to make several types of charts: "Japanese candlesticks", line graphs and bar charts. The schedule of trading volume is also a very convenient option. It is necessary that the application allows changing the timeframes. High detailing (one minute, five, ten, fifteen, thirty, an hour, four hours, a month, etc.) will enable to provide more in-depth analysis and make the right decisions.
Thirdly, it is convenient if the application allows operations on several exchanges at the same time, because the rate of one cryptocurrency may fluctuate on different crypto exchanges.
A notification about the reaching of a certain level is also a very convenient option. This feature saves time to track the right price.
As for the interface, it's just a matter of taste. The main thing about the interface is easy navigation and intuitive placement of all the buttons.
We draw your attention to the fact that Google is planning to prohibit advertising of cryptocurrency and ICO in June 2018. However, till now is not clear whether altcoins and Bitcoin trading apps for Android will be blocked or not.
This article is a private opinion. Bitnewstoday does not give any recommendations and has the right to disagree with the author's position.