Best Trading Apps for Rookies
Given the unpredictable and unstable behaviour of the cryptocurrency market, earning profits can be a challenging move. Gaining funds in the crypto market is heavily associated with approaching the right timing, having the proper skill set and knowledge, and trading strategies. However, crypto enthusiasts have discovered different methods, such as crypto trading apps that not only make trading easier but are designed to make your overall experience in crypto as smooth as possible. To ensure you start your career on the right track, we’ve compiled some of the best trading apps for rookies.
Understanding Crypto Apps
A considerable percentage of crypto enthusiasts nowadays consider crypto trading as a way of earning income, while others consider it as a form of an alternative investment. The number of crypto traders is reportedly increasing every year. Given the popularity of cryptocurrency and skyrocketing value of cryptos like Bitcoin throughout the years, this is not shocking.
Gone are the days when you have to stay at home, sit on a chair and stare at your desktop computer for hours just to complete crypto transactions. Did you know you can purchase, sell, or trade digital assets while moving? All you need is one of the best crypto apps in the market. When choosing a crypto app that aligns with your skills and financial capabilities, you need to consider several factors.
Navigating the crypto world can be difficult, especially if you’re a newbie. You would want a smooth and efficient way to make your crypto experience effective and worry-free. If you’re looking for a quick summary of the best crypto apps in the market, you’re in the right place. To help you, we’ve collected some of the best crypto trading apps for newbies like you! Check them out below:
Regarding automated trading, it is challenging to find software that offers the same capabilities and consistency as Pionex. This cross-stage application offers 16 free built-in trading bots that work with auto-trading and automatically help you buy low and sell high 24/7 with little to no guidance. Enjoyed by millions of users in 1000 countries and regions worldwide, Pionex has a monthly trading volume of $5B+.
Before heading to the bank to deposit your money in a savings account, think of the minimal interest, you can get from the bank. Why not check out BlockFi? This platform allows registered users to earn as high as 3%-7.5% interest on their crypto savings. This app offers top-notch services for any level of expertise and advanced security measures to ensure your account is kept safe and private.
Bitcoin Loophole offers a high recurrence trading framework that guarantees an upbeat outcome pace of 85% with no hidden charges. This trading bot incorporates Artificial Intelligence into its algorithm to automatically trade digital currencies. The app also allows trading CFDs for 14 unique digital currencies, including Bitcoin, Bitcoin Cash, Dash, Ethereum Classic, Cardano, Binance Coin, Ripple, Litecoin, Ethereum, NEO, IOTA, and EOS.
The eToro platform is designed to make trading simple and easy for newbies. What most traders love about this app is that you have the opportunity to view and copy successful and effective traders and clone their systems to assist you with your journey. You can retrieve important information from successful traders and assist you in pursuing better solutions and options.
Bitget is one of the fastest developing crypto platforms today. With more than 1.5 million users around the world and billion of daily trading volumes, it’s no wonder why it offers a large number of products and services to the crypto-verse. This app is designed to help everyone trade cryptos quickly in a secure environment with its innovative products, excellent customer service, and industry-leading security.
Bitstamp is well-loved for its minimal expense approach, where users can purchase digital currency for just 0.5% per trade. When you surpass the $10,000 trading volume every month, you can enjoy the lessened charges to 0.25%. This app also offers free cost of ACH transfers with no minimum deposit. So, if you’re looking for a user-friendly and pocket-friendly app, this would be a good option.
NAGA offers an auto copy trading highlight which allows registered users to copy master traders. This is perfect for rookies with no solid experience or the ability to develop a trading strategy based on skills. When you choose this app, you immediately gain access to merchants’ competitor losses, showing how much profit they earn.
Robinhood is among the best applications to buy digital assets such as stocks and crypto in one place. This app offers a wide section for well-known digital currencies and gives users instant access to their funds in one app. Also, digital trading currency on this platform provides a 100% commission fee.
WeBull is the perfect crypto app for rookie traders on a budget or those looking to trade and risk small amounts. You can create a WeBull account without needing to comply with the minimum deposit. It also allows traders to buy and sell crypto for just $1 per trade. This app also offers all of its markets on a spread-only basis.
Coinbase is deemed the best crypto app for beginners for so many reasons. When you download the app, you will immediately notice its user-friendly interface. Suppose you have no experience buying or selling crypto previously. In that case, this app is perfect as it provides a simple buying and selling experience without worrying about the complexities of the crypto processes.
Throughout the years, more and more people have engaged in the world of cryptocurrency. Various cases proved that crypto trading is one of the best ways to earn income nowadays. Whether you are an experienced trader or a rookie, the good thing about the crypto world today is that new technologies are developed to guide you and make your trading experience simple and effective. The crypto apps above are some of the best for newbies, so check them out. Consider various factors when choosing an app and see if it aligns with your crypto goals and capabilities.