Are you looking to start investing in Bitcoin? If so, you’ll be glad to hear that cryptocurrencies are available to trade 24/7, unlike the traditional stock markets which shut down overnight. This means that you’ll need to keep a close eye on the price of Bitcoin more regularly if you want to sensibly manage your risk. Fortunately, there are an increasing range of Bitcoin apps available on iOS and Android-powered smartphones and tablet devices to help you execute buy and sell trades and stay a step ahead of many other cryptocurrency traders. Let’s take a look at the top five Bitcoin apps available on the market to use either as an investment tool or as a virtual wallet.
Coinbase: A solid starting point for trading Bitcoin
Coinbase was one of the original Bitcoin apps used in cryptocurrency market. It initially focused on providing a Bitcoin wallet service, giving investors in digital assets a safe and legitimate place to store their coins. Coinbase allows you to buy leading cryptocurrencies such as Bitcoin and Ethereum at up-to-the-second prices. Coinbase users can also use the app to spend their Bitcoin, as it will alert you to nearby merchants that accept cryptocurrency as a payment method.
eToro: Learn from experienced Bitcoin investors
If you’d like to trade the price of Bitcoin but you don’t want to physically own or store Bitcoin, eToro’s social trading platform might be worth a look. eToro pioneered Bitcoin trading using Contracts for Difference (CFDs) which let investors take a buy or sell position based on whether they think the price of Bitcoin will increase or fall. The social community aspect of eToro also allows members to discuss potential trading angles with other members and take leads from more experienced Bitcoin investors, which means it’s a great way to spend your morning commute.
Bitfinex: Excellent liquidity for Bitcoin
Bitfinex is fast becoming one of the most popular trading exchanges for Bitcoin and other leading cryptocurrencies. It ranks consistently as one of the top exchanges in terms of traded volume, ensuring excellent levels of liquidity at all times. Furthermore, this Bitcoin app also allows you to trade securely with up to 3.3x leverage to take full advantage of profitable trading scenarios.
Coinigy: Professional charting tools & technical analysis
If you ever want to get to the point where Bitcoin trading is generating a second income for you (if not more), you’ll want an app that offers professional charting tools that traders use in the stock markets. Coinigy provides all the technical analysis you need with an intuitive charting interface, with all the drawing tools and indicators you need to spot trends and execute trades within the Coinigy app.
BTC.com: Intuitive wallet app from a leading player
The free Bitcoin wallet app from BTC.com is also incredibly easy to use. It offers low transfer fees and good levels of security for users. One of the best features is the ability to transfer Bitcoin using QR codes. It’s available on iOS and Android devices, as you would expect from one of the longest-established cryptocurrency sites.
Still not sure which Bitcoin apps are right for you? Our handy how-to-buy Bitcoin guide will give you the confidence to start investing based on your bespoke needs.