Cryptocurrency trading is a risky deal, because of the volatility of assets (their prices are constantly changing), and regulatory issues – not in all countries the cryptocurrency is legal. You can read about advantages and disadvantages of crypto investments in this article.  However, if you have decided to work with crypto, SimpleSwap can help you to ease your routine – we’ve made a list of apps that are useful for traders. 

Of course, your success does not depend on the number of mobile applications that you monitor. It is just a tool that helps to reach your goals. Let's figure out which apps for the crypto can be useful, and which ones are better to leave alone. 

Apps for getting market information, tracking rates and news

Before you start working with any asset, you need to study the information about it. And to understand what coins other than Bitcoin and Ethereum exist in the world, apps containing information about the entire market might help. 

Probably the most precise and famous of them is CoinMarketCap, which keeps track of almost 10,000 different coins and tokens. You can compare them and study price charts for specific periods. There is also an option to create a virtual cryptocurrency portfolio which can be just a test for a real one or a reflection of your crypto assets – information about its value will always be literally in your hand, but at the same time it will be safe, because the actual crypto is stored somewhere else.

Other similar applications with information about the market are the slightly smaller Coingecko or the fresh and young DropsTab project. If you follow the traditional and crypto market, then it will probably be convenient to use not two different programs, but one like TradingView.

Cryptocurrency trading apps

If you want to work with crypto, you need to buy it somewhere. You can mine, we talked about this here. But it is easier and, most importantly, faster to buy it for fiat money. The easiest way for that is to use an online exchange. For example, there is a SimpleSwap app that allows you to buy crypto or to change it from one coin to another. You don't even need to sign up in order to do that! This service also has an affiliate program, you can find out about it here.

Another option is to use a major cryptocurrency exchange for this. There is a list of them on the CoinMarketCap website, and the top ones have created their own apps.

The choice should be taken as seriously as possible, because there are two types of exchanges, and each has advantages and disadvantages. There are centralized and decentralized services, we’ve already discussed their pros and cons in this blog post.

• CEX ones are centralized. They are convenient, and you can use fiat currencies. But there is no anonymity, the wallet does not actually belong to you.
• DEXs are decentralized. They link individual users and their own crypto wallets. It's anonymous, pretty safe, but fiat money has no power here: you can use only crypto for buying and selling. 

Be sure to take into account the commissions of the exchanges and evaluate the top up methods in advance – whether they suit you and whether they work in the country where you are.

The most popular centralized exchange is Binance and its mobile application is one of the best for buying cryptocurrency. A huge gap in trading volume from the closest competitors only confirms that assumption. 

Apps for storing crypto assets

To store your crypto you need to have your own special wallet. It’s a good idea to have one that is not tied to the exchange, because otherwise it does not really belong to you. If the amount of your crypto is relatively small, then it is better to start with installing a “hot” wallet on your smartphone.

There are many convenient choices. However, if you have a big amount of crypto and you are worried of losing your funds, then you should definitely get a good “cold” Ledger or Trezor wallet. Some of their models can work in conjunction with hot wallet applications.You can read about hot and cold wallets in this article.

Conclusion

Of course, these apps are not the only ones that exist, they are just the ones that the author of the article uses. Perhaps you are working with some very specific token, then you might need to install some special software for it. What interesting crypto apps do you know? Share your favorite ones in the comments below!

Don’t forget, the easiest way to buy or exchange coins is to use SimpleSwap services.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.