They say that trading stock is like riding a horse, but crypto is a wild bronco. Despite its volatility, crypto is still up more than 400 percent in the past two years. It is far outperforming the S&P 500’s 20 gains in the same time frame. It’s been a long cold winter, with Bitcoin losing more than 75 percent of its value since last year. However, spring is in the air and the world of crypto seems to be heating up as the days are getting warmer.
Crypto trading is a popular pursuit, as the fluctuation of digital assets provides plenty of profit-taking opportunities. Volatility gives expert traders enough room to pull in daily profits with careful predictions of price movements. This same volatility makes headlines, elevating its popularity to attract traders from all walks of life. Consequently, it’s vital for cryptocurrency trading app developers to make products that are easy to navigate.
Kevin Rooke, a cryptocurrency and FinTech researcher, recently tweeted his two cents. He thinks if a company wants a large number people to use their crypto or blockchain-based apps, then it should “not force them to learn new skills.” Rooke then went on to review several crypto trading apps. These have managed to attract millions of new users keen on trading blockchain-based currencies. Rooke’s study, in conjunction with David Olarinoye’s of Invest in Blockchain and Sudhir Khatwani’s of Coinsutra, has produced the following crypto trading app ratings.
Coming in at number one is Binance. In summary, a well-known exchange founded in 2017 with over 370 trading pairs on its platform and hailed for both its ease of use and minimal fees. With more than a million downloads, users can buy, sell, and view their trade history, open orders, and crypto holdings and compare its value in USD.
Professional Crypto Trading
Coinigy is a professional crypto trading and portfolio management platform with real-time charting and market data. A typical subscription costs around $19 per month, which enables users to enjoy unlimited trading with no additional fees. Coinigy is a platform that makes it possible to trade on more than 45 different crypto exchanges from one account.
Tools & Techniques for Advanced Trading
Probably the busiest exchange you’ll find in the crypto realm is BitMEX – by professional algo-traders, developers, and economists. BitMEX stands for “Bitcoin Mercantile Exchange”. This is a peer-topper trading platform that offers leveraged contracts that bought and sold in Bitcoin. Moreover, it provides all the tools and techniques for advanced trading. Note that the BitMEX BTC/USD market is a derivatives market and not spot-trading Bitcoin.
CoinExchange is still among the popular exchanges for altcoins such as PURA and a trusted platform from the early days of crypto. As hopes are up that the bearish phase of cryptocurrency markets is drawing to a close, novel traders are also scouting for the best options.
Correspondingly, with the growing popularity of cryptocurrencies, the number of platforms for trading has greatly increased. With that, a competitive market has raised traders’ product expectations. All platforms have pros and cons. In line with this, do your research to ensure the crypto trading platform of your choice best suits your needs.