New or experienced traders know that it’s essential to use safe apps while buying and selling different cryptocurrencies. For now, the market is flooded with all types of mobile applications that promote safety and security but, some of them are scams. As it is hard for newcomers to find the right app, Robinhood, MetaMask and Coinbase may be the best first choices anyone could make.
Although Robinhood is mainly known as an investment platform where people can buy and sell stocks, traders use it for cryptocurrencies too. The main reason Robinhood is so popular is because it allows you to have all your investments in one place.
As the adoption of cryptocurrency is steadily increasing it’s not only a tool for trading. For example In South Africa the use of digital coins has become more common than ever. Believe it or not, it’s very normal to use Bitcoin when you gamble at the best Bitcoin casinos online. There are comparison pages which give you a complete guide on where to find the best South African online casinos, and there are exclusive Bitcoin bonuses such as welcome bonuses and free spins. Moreover, they also advise on which payment methods are accepted such as Visa or Bitcoin/Ethereum.
Dealing with cryptocurrencies can be complicated, however the MetaMask app makes it simple, secure, and practical for iOS and Android users. In the beginning, the owner of the project; Aaron Davis, and his team created apps for closed beta testing in 2016 and then released them to the public in 2020. The app development started from a browser extension that was built to support Etherum and its ecosystem. Opening a crypto wallet with an app like this involves lots of attention as there are plenty of key vaults to save. And, that’s not all! Besides the fact that MetaMask dips into DeFi with lots of token swaps, it offers a high degree of protection. Maybe this is one of the reasons why it has more than 10 million active users per month.
Founded by Brian Armstrong and Fred Ehrsam, Coinbase is one of the first choices when it comes to trading cryptocurrencies. Apart from the well-known website where investors are welcome to join the crypto world, there are also “one stop shops” which are apps that cover buyers' necessities. First of all, there is the classic app version named Coinbase that is 100% free but it has higher fees per transaction (from 0.50% to 3.99%). Second of all, those who are active investors should know that there is the possibility to trade with lower fees for free. For that, there is the Coinbase Pro app (with charged fees that start from 0% to 0.50%).
As this field of apps is booming nowadays, the apps presented above can be changed at any time. New crypto trading applications that are much more innovative, advantageous and easy to use can appear and level up the crypto trading game for all types of users.