Want To Buy Bitcoin? Here Are The 5 Best Apps To Buy Cryptocurrency!
Cryptocurrency trading apps are a must for people who want to trade and monitor their crypto holdings anywhere at any time. There are tons of apps available, making it difficult to decide which one to download. As cryptocurrency trading is not legal in all countries, attention must be paid while choosing a crypto trading app. Here we have listed some of the top apps you can choose from.
Highlights of the Story
- Cryptocurrencies like Bitcoin and Ethereum are changing the way we perform digital transactions.
- Many countries are debating whether to allow trading cryptocurrencies or not because of their decentralized nature and tax implications.
- A mobile app for trading cryptocurrencies is the best way to enter that world and learn. Many apps can help you get started as a beginner.
It’s more than easier to buy and sell cryptocurrencies in India. It can easily be done even from a smartphone app. As people are getting more and more interested in trading cryptocurrencies and BTC reaching its all-time high price, there are a lot of apps that you can use to buy cryptocurrencies in India. Here is everything you need to check for the best cryptocurrency apps that can keep your funds safe.
1. High-level security
As bitcoin and other forms of cryptocurrencies are difficult to trace, the app must have security to keep your funds safe. Once you have done the transaction, it is virtually impossible to cancel or get your money back. Due to the decentralized nature of blockchain, it is almost impossible to trace who owns the wallet.
An unauthorized transaction from your exchange can go down anywhere; there’s no way to tell who’s responsible. This makes cryptocurrency a perfect weapon for criminals, scammers, and hackers. And always remember to enable two-factor authentication and email authentication to provide an extra layer of security.
2. Real-time data
Just six months ago, the price of Bitcoin was Rs. 6 lakh, and today, the value has almost quadrupled and reached Rs. 25 lakh. Ether, another popular cryptocurrency, has reached the price of Rs. 1 lakh, and that is just in one year. This is why you never know when the cryptocurrency market can skyrocket overnight and the market is quite volatile. So keeping a finger on the pulse of cryptocurrency markets means remaining up to date with real-time information on volumes and price of currencies.
Whichever app you download, look for real-time data and information; this ensures that you are not using any outdated information in trading and investing decisions. Also, make sure that the exchange has enough trading volume so that you can buy and sell the coins easily without any delay.
3. Availability in your area
Availability is not much of a concern if you’re just interested in learning about cryptocurrencies with news or tracker apps. If you are interested in buying or selling cryptocurrency, then you need to make sure that the app is available in your area and trading cryptocurrencies is legal in your country.
It is a hot topic for discussion and debate whether bitcoins are legal or not as tracking them is impossible. Many countries have banned the use of cryptocurrencies, while others have instituted limitations on the type of cryptocurrencies that can be bought or sold. So before you download the app and get started, double-check whether cryptocurrency is legal or not.
Best Apps To Buy Cryptocurrency In India
Coinbase is best suited for beginners who want to jump into the crypto game and learn more about what the industry offers. Coinbase is an excellent place to begin your journey, even if you don’t know the difference between bitcoin and blockchain.
Once you complete the verification, you can buy bitcoin using your bank account or credit card. Coinbase offers you free cryptocurrencies if you complete a new topic in the education section. The app allows operation only in 32 countries but may expand to more in the future.
Binance is one of the most popular crypto exchanges in the world and is the best app to buy cryptocurrencies in India. It is effortless to use and has a simple design that is well suited for beginners. You can buy and sell your crypto as well as view your trading history and crypto holdings. Functions like stop-limit, market order, and limit orders are available for more experienced traders.
The app has a wide range of alternative cryptocurrencies available for trade and has recently introduced fiat capabilities that let you buy bitcoins with credit cards.
Gemini’s easy-to-use tools allow you to stay on top of the market trends, build your crypto portfolio and execute strategies quickly. The app puts the best crypto exchange and wallet in your hands.
Gemini provides real-time market prices anytime and anywhere. You can also set price alerts so you can act fast on buying and selling your cryptocurrencies. It is also possible to set recurring buys on cryptocurrencies if you want to go long in the crypto game. The app is quite easy to use and you can create a free account in just a few minutes.
The Changelly app is quite a different app as it allows you to swap one cryptocurrency for another instantly.
The app is easy to use, and you don’t have to go through any lengthy account verification process. You transfer funds from your wallet, and Changelly exchanges them at the best possible rate and charges 0.5% as their fee.
The app is convenient as you don’t have to wait for your deposit to clear. You can lock in your rate and wait for the exchange to go through. It contains more than 140 cryptocurrencies that you can exchange on the platform.
If you are experienced in crypto trading then Coinigy is a great choice for you. The app lets you trade on more than 45 of the most popular crypto exchanges from just one account. Coinigy is available for both desktop and mobile. It offers features like unlimited trading, high definition charting, and a range of technical tools for analysis.
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