Cryptocurrency is becoming more mainstream on a seemingly daily basis. Stories about Bitcoin and Ethereum are continually in the newspapers and news-related websites, and the country of El Salvador publically adopted Bitcoin as a legal tender, with its president planning to build Bitcoin City at the base of a volcano in the country. Cryptocurrency is not going away, which is why you need to arm yourself with some of the best cryptocurrency apps, even if you only want to keep up with the latest news.
There are dozens of cryptocurrency-related apps for Android and iOS-powered devices. Some show you how to bet with Bitcoin, while others allow you to trade various currencies. Some apps only provide the latest news, with others acting as digital wallets to store your cryptocurrency portfolio. Which app or crypto product is best for you? Keep reading to find out.
Binance is where you want to be if you plan on trading cryptocurrency because Binance is the largest exchange in the world. Binance offers more than 1,000 trading markets across more than 350 cryptocurrencies, making it the market leader for people interested in day trading. The site handles approximately $38 billion of daily transactions and has the lowest transaction fees of any crypto exchange.
The Binance app gives you access to your account wherever you have a WiFi or mobile internet connection. It is strikingly similar to the excellent desktop application, unlike some apps that often seem like a budget version.
Coinbase is another hugely popular cryptocurrency exchange. Indeed, it is the largest in the United States by trading volume. Brian Armstrong and Fred Ehrsam launched Coinbase in 2012, and the company has gone from strength to strength ever since.
The company boasts 43 million verified users, including 7,000 institutions across more than 100 countries. In addition to buying, selling, and trading many cryptocurrencies, Coinbase users can apply for a Coinbase Card that acts as a debit card that allows customers to spend their cryptocurrency balances.
One possible worrying thing about Coinbase is that it recently stated, in May 2022, that should the worse happen and the company files for bankruptcy, anyone holding crypto assets could be treated as general unsecured creditors. Coinbase going bust is highly unlikely, but the recent FTX scandal shows anything can happen in a fast-moving world.
eToro has been in business for more than 15 years, mainly as a forex trading platform but now has a vast cryptocurrency division that is rapidly expanding. eToro has legal entities registered in Australia, Cyprus, the United Kingdom, and the United States. In the UK, eToro is authorized by the Financial Conduct Authority (FCA), FinCEN in the United States, and the ASIC in Australia. Obtaining authorization from these regulators is not easy and shows the eToro platform's legitimacy.
While not technically a mobile app, Battle Infinity is an exciting project that is worth looking into. Battle Infinity combines cryptocurrency with gaming and the Metaverse. The company behind the product has plans to revolutionize the gaming industry using blockchain technology and Web 3.0 protocols.
The game has an ecosystem monetized by the IBAT token. Players holding IBAT can stake the coins to play in P2E platforms such as the IBAT Premier League. Battle Infinity players have a unique avatar that is upgradable from clothes to hair, and by purchasing items via the IBAT Battle Market.
The product is still in its relevant infancy, having completed three of its planned seven phases, but it has already proven popular, with the IBAT token selling out only 24 days after launch.