There are plenty of cryptocurrency apps on Google Play and App Store right now, some are better to have on hand at all times and others you shouldn’t touch. We have compiled the most important apps a digital money user should have.
Keeping your own money safe is one of the most important rules in the digital money industry. All accounts on exchanges and, where possible, cryptocurrency wallets, should have two-factor authentication.
There is a Google Authenticator app for this, and it works very simply – just scan the QR code in your personal account settings, then enter the six digits that appear on your smartphone screen. Now every time you log into your account at the exchange, you will need to log into the app and enter your unique number, which changes every 30 seconds.
The interface in the Coinmarketcap app is very simple and the functionality is much wider than on the website. You can put together a portfolio of any of the assets on the platform and watch how their value changes.
You can set yourself alerts on specific price levels of digital money, there is a built-in currency converter and a two-asset comparison function. You can also read the latest news from the English-language cryptocurrency media in a separate tab in the app. The app does allow you to quickly see the exchange rate of an asset and track its chart over a period of time. And it’s more convenient than using a mobile browser.
TradingView is an application with charts and data not only from the world of cryptocurrencies, but from the whole world of finance. Apart from Bitcoin, Ethereum etc., it tracks e.g. Apple stock or Dow Jones index. The software has all the functions, settings and tools as on the main TradingView website. There’s also an ideas section, where experts publish free analytics on digital money charts – you can quickly track different opinions, which can help you trade cryptocurrencies successfully.
You have to be extremely careful when downloading a cryptocurrency wallet to your smartphone, it is best to trust your funds to known and trusted services. Blockchain vault, for example, has a handy mobile app that supports five assets – Bitcoin, Ethereum, Bitcoin Cash, Stellar and Stablecoin USD PAX.
All of these coins can be exchanged between them directly in the app, but a fee will be charged. After we participated in the free XLM giveaway and received $25, we immediately exchanged it into Bitcoin, it worked easily and quite quickly – the transfer took minutes.
Specifically in the case of the Blockchain wallet, it’s important that you can’t log in to the mobile app without a computer. When logging in for the first time, the app requires scanning a QR code from your personal account from your computer or laptop, after which you need to set a four-digit password for a quick login.
Blockchain is not the only cryptocurrency wallet, there are many. But when choosing, it is important to check everything carefully and make sure that you are using an official version of a trusted service.
Mobile applications of exchanges
Many major exchanges such as Binance, Huobi, Bitfinex and others have their own official mobile apps. You need to be extremely careful and make sure that you are not downloading a fake one.
Such programs are suitable for trading on the go or in case there is no possibility to work from a laptop/computer. In a world of digital money with highly volatile assets, the chance of a profitable buy or sell can strike at any time. All platforms have different interfaces and functionalities, depending on which exchange you are used to working on.
What not to install on your smartphone
All applications that promise a high income by mining directly on your smartphone are fraudulent. Previously, we wrote about how realistic it is to make money from mining digital money using a mobile device. In short, the risk of being scammed and getting nothing is extremely high, and you can barely make a cup of coffee in a month.
Also, you should not install applications from unverified resources; if the program causes any suspicion, it is better to bypass it. A lot of applications with analytics/data, trading and so on, basically, also do not make any sense, because it is much more convenient to work from laptop or computer, while the phone is used for some operative actions, so it is better to install only necessary minimum.