Are you looking to trade cryptocurrencies in 2021? Trading cryptocurrencies has seen massive growth in interest during 2020. The interest is expected to surge even further in 2021 as bitcoin adoption expands across the world. The advent of COVID-19 has been a strong catalyst to this trend as most people who lost their sources of income seek alternative ways to generate income.
Even so, there are still those people who handle the topic of cryptocurrencies with great caution. This is because most of them do not understand what cryptocurrencies really are. Before pursuing a business venture, you should do your research from an investors point of view. This applies to trading cryptocurrencies as well. My advice to you is to seek knowledge first before pursuing a goal.
If you are looking to join the cryptocurrency trading bandwagon in 2021, a good trading platform is a must-have. A good trading app must possess some vital features for it to be considered an option. Some of the must-have features include an excellent interface, transparency and openness, robust security, easy withdrawals, efficient customer service and both fiat-to-crypto and crypto-to-crypto support on one platform.
There are thousands of trading apps to choose from, and this is a huge problem for new investors seeking a good platform. However, worry no more because we have done the digging for you. In this article, we have come up with the seven best trading platforms to trade cryptocurrencies in 2021. Without further delay, let’s look at them:
Top 7 Apps to trade crypto in 2021
Crypto Engine App
This app is relatively new in the industry, and it is currently one of the most sought after due to its unique features. Crypto Engine is an excellent auto trading platform that claims to have a success rate of 95 percent. The application has a user-friendly interface which is convenient for both seasoned and new traders.
Crypto Engine is affiliated with top brokers regulated by authorities such as the Financial Service Board, the Australian Securities and Investment Commission (ASIC), and Fubabcuak Conduct Authority in collaboration with Crypto Engine (FA). With a minimum investment of $250, the robot scans the crypto market on your behalf to find the most profitable trading opportunities.
BitMEX is one of the most popular cryptocurrency trading platforms in the world. BitMEX is highly rated by traders who are interested in trading cryptocurrency derivatives. Experienced traders can perform margin trading using BitMEX. Moreover, traders can leverage positions up to 100X. Deposits and withdrawals are free on BitMEX.
Binance App is a mobile application of the largest crypto exchange by trading volume in the world. The application is easy to use and convenient for newbies. Binance app allows users to purchase and sell digital assets, open and close orders, and even hold different assets.
Binance app allows you to trade more than 380 cryptocurrency pairs. To make it easier to choose, the app lets you highlight your favourite pairs. Notably, Binance app also incorporated fiat capabilities, enabling you to purchase coins using your credit card.
Coinbase has been in the market for a couple of years now, and it is among the best. The platform has a high trading volume due to the vast number of traders. Coinbase app allows users to deposit fiat, crypto, buy and sell digital assets, store coins. Coinbase app is available for both Android and IoS gadgets.
Coinbase app flaunts an easy to use and interactive user interface, which is amiable for new traders. Traders can purchase cryptocurrencies such as BTC, ETH, LTC using credit card or wire transfer. Coinbase is exploring adding support for additional coins.
eToro is one of the best, if not the best all-rounded trading application. The application allows you to connect with other users, share strategies and chat with others in the community. New eToro users are awarded $100,000 in virtual cash to practice their trading skills using a demo account. eToro users enjoy trading a vast number of trading pairs on top of more than 30 indicators and tools.
Gemini trading app was designed with simplicity and friendliness. The tools available are easy to use for new traders, and its interface is interactive. Gemini provides traders with a wallet and a crypto trading platform. You can easily track and monitor your in real-time from anywhere in the world. Additionally, you can set price alerts and notifications so that you can act fast when there is an opportunity. Gemini boasts robust security protocols and custodial solutions.
Bityard is a Singapore-based crypto exchange boasting robust security. The platform is one of the safest in the world for trading crypto assets. Bityard is friendly and straightforward to newbies and has a minimum investment amount set at $5. Notably, the application supports a variety of crypto assets to trade such as Bitcoin, Litecoin, Ethereum, and Ripple XRP. Transactions are prompt.
Choosing a cryptocurrency platform is a massive decision as we can see from the different varieties listed above. Each platform has its unique feature, which is its selling point. Every trader has their preferences when it comes to choosing a platform. You should pick the platform that will serve all your needs and make your trading experience worthwhile. It has never been easier trading cryptocurrencies as they are a relatively new frontier of investment potential. However, note that the crypto market is naturally very volatile.