In markets as volatile as Bitcoin and crypto in general, it is very important to have full control over your trading positions at all times. The ability to open and close positions at any time is becoming increasingly important in the cryptocurrency market. Closing a position in time, before the market turns against you, can be the difference between loss or profit.
Constant control is made possible by trading platforms that offer trading applications for both iOS and Android. Mobile trading applications offer the possibility to manage your capital much more effectively than a trading set-up with one desktop computer. This makes a mobile device with a trading application an irreplaceable companion. Having full control over open positions, especially on leveraged trading platforms, is even more important as even a few minutes of delay can lead to undesired losses.
Best Bitcoin exchanges offering crypto trading apps in 2020:
Kraken is one of the best Bitcoin exchanges in the crypto industry, with multiple instruments and an extremely stable trading platform. Recently, in October 2019, Kraken launched mobile applications for Kraken Pro and Kraken Futures for iOS and Android. With an intuitive layout for the mobile applications, Kraken offers the complete trading package.
Kraken mobile apps are available for:
Binance is one of the platforms that add instruments and improve at the speed of light, day by day. It is one of the largest and most diverse cryptocurrency exchanges where you can trade over 150+ cryptocurrencies and buy crypto with quite a few fiat currencies. For hardcore trading enthusiasts, they offer margin and futures trading with one of the highest leverage in the industry (125x).
Binance mobile apps are available for:
Binance desktop apps are available for:
The mobile application is packed with features and options. Basically, what you have on the desktop is what you will get on the mobile version. It’s rare for a trading application to offer the full desktop experience on mobile devices and on top of that with a very user-friendly interface.
Kucoin offers mobile apps for both Android and iOS. The app is very stable and responsive with very good layout design. The mobile application offers most of the instruments that can be found on the desktop version. You can trade 70+ cryptocurrencies and buy Bitcoin with debit and credit cards on Kucoin. The exchange also offers leverage trading with up to 100x leverage. On the mobile app, you can also margin trade 30+ pairs with up to 10x leverage.
Kucoin mobile apps are available for:
Bybit is one of the leading leverage trading platforms, offering an extremely stable and reliable trading product. The mobile apps are available on iOS and Android with one of the best mobile designs and highly responsive apps that run without any problems on older phone models. The layout is user-friendly and offers the full user experience as the native desktop version of the platform.
Bybit mobile apps are available for:
Trading on mobile with up to 100x leverage on multiple contracts against USDT or BTC and without any lag or app crashes is made possible by Bybit’s mobile apps. This is one of the best mobile trading apps available that offer a highly convenient experience.
Deribit is a leverage trading platform where you can trade Bitcoin and Ethereum with up to 100x leverage. The platform offers only two assets, which makes it one of the platforms that have a limited selection of crypto pairs for trading. Deribit’s mobile apps are available on iOs and Android. The application is very stable and responsive but lags behind other platforms’ mobile trading apps in terms of design and user experience. Nevertheless, the Deribit trading app is a good addition to the native desktop trading experience.
Deribit mobile apps are available for:
Cex is a crypto exchange that offers a fairly high number of fiat deposit options along with multiple trading instruments. CEX’s mobile apps are available for both Android and iOS and feature a simple, minimalistic design that makes it easier to buy and sell Bitcoin, as well as other cryptocurrencies.
CEX mobile apps are available for:
Futures trading is not available on the mobile app, as they are available only on the dedicated desktop version. Otherwise, the mobile application is solid, there are no crashes on smartphones in the lower price range, especially on Android devices.
Bitfinex is an exchange that offers a wide range of trading instruments with the mobile apps available on both Android and iOS with fairly good interface design. The layout menus are effective and do not cause too much confusion. The app performance is good, but on older models, there are performance issues and longer loading times.
Bitfinex mobile apps are available for:
The mobile application complements the dedicated desktop platform. Unfortunately, if you want to access all the investment opportunities on Bitfinex, you must use the desktop version.
Bitpanda is the exchange that tries to become friends with everyone thanks to its super easy to use interface. Bitpanda’s mobile app adds even more to the platform by giving more control at all times and making the buying and selling of cryptocurrencies easy and accessible. For experienced traders, there is a pro version called Bitpanda Pro but is not available on the mobile app.
Bitpanda mobile apps are available for:
eToro is a trading platform where you can trade a variety of markets including cryptocurrencies, commodities, stocks, forex, and more. Note that the platform does not support the withdrawal of cryptocurrencies. There is a special crypto exchange eToroX which is separated from eToro main platform.
еТоrо mobile apps are available for:
Copy-trading is one of the features that eToro is famous for. You can copy other traders and make a profit passively, of course, you can lose all of your capital if you don’t manage the investment in a particular trader.
Welcome to the mobile era!
As most people around the world have begun to use smartphones and surf the web, chat, and shop, cryptocurrency trading platforms are also moving in that direction – enabling a seamless trading experience on mobile devices. Cryptocurrency exchanges are constantly updating their mobile applications, and some are bringing new and exciting features to the market. Buying and selling Bitcoin and other cryptocurrencies have never been easier or more user-friendly.
Trading on Mobile devices
If you become a trader and want to trade seriously, do not expect to use only mobile apps. Trading is a complicated endeavor and for the foreseeable future, desktop trading set-ups will continue to be preferred. The mobile applications can make a huge contribution by allowing you to have constant price tracking, position management, etc.
Exchanging fiat currencies to Bitcoin and other cryptocurrencies
Buying and selling Bitcoin for US dollars or Euro via mobile applications is now possible on some of the exchanges. The time for purchase has been significantly reduced compared to a few years ago because after you have set up the account, you can buy Bitcoin in a few minutes.
Trading apps gradually will become more important as people want accessibility and mobility. The mobile trading applications are growing into more intuitive, stable, and responsive. Buying, selling, and trading Bitcoin, Ethereum, and other cryptocurrencies on mobile phones in 2020 is much easier compared to 4 years ago. Industry players are building more accessible mobile products to attract more retail investors. Gone are the days where you had to stand in front of your computer desktop for hours in order to buy, sell, and trade Bitcoin.