Since the introduction of bitcoins, it became clear that there is a need for exchange apps that make Bitcoin, Ethereal, and other popular cryptocurrency transactions easy to process. Today, there is a number of cryptocurrency exchange platforms where cryptocurrency users can easily transfer, exchange, buy, or sell cryptocurrencies in a matter of seconds. Thanks to smartphone technology, cryptocurrency users can take advantage of smartphone apps by downloading their favorite exchange apps on the smartphone device. The majority of the exchange apps are available for both Android and iOS smartphones, and most of them are free to download.
There aren’t enough information about the regulation part regarding the use of bitcoins in the country. The authorities were skeptical about the ability of cryptocurrency to replace fiat currencies. Contrary to popular belief, cryptocurrency exchanges are growing in popularity, and slowly but surely, people opt for cryptocurrency over fiat currencies because of well-known reasons. What follows are some of the most popular cryptocurrency exchange platforms in the App Store or Play Store on your smartphone device, and some reasons to choose one instead of another. So, here they are.
Bitcoin Prime
Bitcoin Prime is a trading app that processes cryptocurrency exchange transactions using AI technology. Bitcoin Prime helps cryptocurrency users do both cryptocurrency transactions, including popular names like BCH, ETC, and XRP, and use fiat currencies like USD and euros. Indeed, Bitcoin Prime accepts more than 50 cryptocurrency pairs. The platform uses strategies in cryptocurrency trading to predict the fall of prices. When making a comparison between hiring managers and using AI robots, the latter definitely makes a better choice. Indeed, they are 10 times more profitable than the best traders in the world. For instance, trading robots charge users only a 2% commission of the full amount.
However, things have changed with the introduction of Bitcoin Prime, an AI-powered trading app that allows users to process transfers as low as $250 and enjoy profits of up to 500%. Bitcoin Prime partners with secure and reputable brokers to ensure full customer satisfaction. The biggest advantage of Bitcoin Prime is that it requires little manual control since it is an auto-robot-controlled trading app. Signing up for a Bitcoin Prime account is free of charge, and clients need personal information and an ID card to proceed to the next level. The design of the Bitcoin Prime website is definitely customer-friendly, and appropriate for a beginner’s user.
Binance
Binance is another popular choice in the cryptocurrency community. Indeed, it’s responsible for a large volume of cryptocurrency transactions globally. Only for the last 24 hours, Binance has processed around $9 million, and it’s a number that beats other trading platforms like Coinbase. It offers both website and an app version of the platform, available for both iOS and Android devices, and customers can download it free of charge. What makes Binance stand out from the competition is the number of trading pairs, which exceeds 600 trading pairs. Another factor to take into consideration when choosing which trading platform to use is commission and fees.
Binance doesn’t fall short of offering great conditions when compared to other trading platforms. The processing fees can go even lower when using the native cryptocurrency token of Binance, the BNB coin. While the trading app is still not officially recognized and regulated, it still has a strong reputation in the cryptocurrency community. The two-factor authentication, cold storage, address whitelisting, and anti-fishing tools are some of the safeguards that Binance takes advantage of to ensure top-level security. After all, Binance is the trading app responsible for millions in transactions processed using the platform, so it doesn’t come as a surprise that it becomes one of the most well-used cryptocurrency trading apps worldwide.
Coinbase
While it definitely won’t suit all users, Coinbase is definitely the right choice for beginners in trading cryptocurrencies online. Even if you have little or no experience in trading, you won’t have a problem getting around easily. The platform allows users to trade, buy, and sell using 22 cryptocurrencies. Unlike other trading platforms, Coinbase allows you to store digitally your funds on your e-wallet. The app is definitely well-optimized for mobile use, and all it takes to start using it is to download it on your mobile device.
Customers need to create an account on Coinbase, enter private information and government-issued ID, along with a passport or a driving license photo. Bank transfers are usually free, depending on your location. Once you have created an account, you can easily start trading cryptocurrencies on Coinbase. The standard selling or buying rate is 1.5%. The trading app has a remarkable level of security. It is registered with Money Service Business and FinCen. In other words, it complies with US regulations.