In this cryptocurrency app roundup, we take you on a journey through the information platforms keeping traders, enthusiasts, developers, speculators and casual observers alike clued into the world of virtual currencies. While most of these tools are available for desktop and laptop setups, we want to focus on the popular mobile apps for professionals and amateurs always on the go.
Decentralization is not just happening within cryptocurrency tech but across different sectors of the world economy, too. Bitcoin and other cryptocurrency projects are driving decentralized revolutions in renewable energy, telecommunication, and workplace environments, to name a few. With record numbers of people working remotely, there has perhaps never been a more important time to have the right virtual tools available at your fingertips.
Of course, not wanting to miss out on the newest asset class, they’ve added a whole bunch of cryptocurrency pairs into the mix as well. TradingView has agreements in place with most of the major exchanges out there including Binance, Kraken, and Coinbase. So you’ll never be stuck without the latest price feeds.
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The best part about TV is that it’s free. And the free version has a bunch of goodies bundled with it. The advanced trader will want to check out the additional features that come with the paid version.
If you are looking for something a bit meatier, take a look at our TradingView Primer for an in-depth discussion on the platform. TradingView is currently only available on iOS, but an Android version is in development for an unknown date in 2018.
All this comes at a price, however. Coinigy’s offering is not free, except for a 30-day trial option. Of course, this is plenty of time to decide whether this kind of approach will work for you or not.
The following apps also provide some charting capability but are, in general, more focused on providing specialized portfolio services.
Some nice additional features include price target alerts and development updates from cryptocurrency project teams.
CoinTrackingCoinTracking lets you easily track your digital assets as well.
Real-time reports are pretty useful for traders who need access to realized and unrealized profits at short notice. The reports also include a nifty capital gains tax calculator for those who need to keep track of their IOU’s.
The cryptocurrency app options for news are not particularly packed with features. However, when it comes to news, you’ll definitely want quality content over features. Also, make sure to check back with us at CoinCentral in the future as we hope to introduce our own app at some point.
The main advantage of owning a personal wallet over an exchange wallet is that you truly own your private keys. As a result, this allows you to be your own bank. The following two personal wallets embrace this philosophy and are recommended by many in the crypto community.
Blockchain wallet is also slowly adding fiat-to-crypto exchanges in some selected countries. Hopefully, we’ll see a majority of countries listed in future developments.
Bread has the additional advantage of allowing you to purchase cryptocurrency with your debit and credit card and they even provide a Bitcoin ATM option, where available.
Exchange apps depend for the most part on your personal preference and access in your country. The key difference with exchange apps is that most exchanges hold your private keys. In other words, they are storing your cryptocurrencies for you. If security is your primary concern, consider using a hardware wallet instead.
There are way too many exchanges for us to cover here so to keep things clear and brief, we’ll focus on two major exchange apps, one from the US and one from Asia.
Many investors are not interested in collecting a wide variety of cryptocurrencies and prefer a simple user experience. Coinbase does this and does it well, which is probably one of the reasons why the app has overwhelmingly positive reviews. If you have an account with Coinbase, this app is essential for your collection.
Leaving coins on any exchange is a riskier approach. However, if you prefer to do this, then this cryptocurrency app does a great job of keeping you updated on your portfolio.
Users should be aware that there is currently no iOS app store application despite several online versions that can be downloaded manually. This is a potential security risk. We recommend iOS users use the web application for now.
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The authenticator app will provide you with a 6 digit number combination that will be required before proceeding with your next step in a login or transfer process. This number updates every 20 seconds or so. What this means is that an attacker would need both your password and your phone to hack into your account. Hackers have been known to steal/discover passwords from halfway around the world. But, getting hold of your personal phone is a much harder task!
Google’s 2FA is highly recommended. We cover this topic in detail here.
As the cryptocurrency industry continues to evolve, many sub-industries are starting to grow along with it. This naturally provides an opportunity for innovative players to enter the space and bring their unique cryptocurrency app to market.
Many people make the mistake of downloading apps which focus purely on tracking the price. As we have shown, there are clearly some apps which specialize, from news to charting to storage, security and beyond. You may of course only need to track the price. But, as you venture further down the cryptocurrency rabbit hole, you’ll probably find yourself using several different applications to stay on top of things.
This article is originally posted at Coincentral.com by Ryan Smith as Cryptocurrency App Checklist for 2018: Take your Game to the Next Level.