Everything that you do on your desktop or laptop computer is now available for mobile devices. Even though the screen might not be as big, the majority of the features are available. The world of cryptocurrency trading has always been at the forefront of technological advancement, so it was only natural that the bitcoin exchanges would adapt to those who like to trade on the go.
Before we list the three best ones for mobile users, let’s discuss the types of available apps and why mobile trading is much more important than you think.
Types of Mobile Trading Platforms
There are two main types of mobile cryptocurrency exchanges — the ones that have a dedicated app and the ones that don’t. While most of them feature some kind of mobile application, several decided not to make it. So, how can you access such a platform on your mobile phone?
It’s simple. All you have to do is load the site in your mobile browser and access the platform that’s optimized for small screens. Many exchanges choose to do both in order to meet all users’ preferences. In other words, some people like apps, and others prefer using a mobile browser.
Why Is Mobile Cryptocurrency Trading Important?
Cryptocurrency trading happens in real-time, and prices of Bitcoin and other crypto coins change almost every second. Therefore, many professional traders want to be there in order to avoid missing out on a trade, in case if a sudden increase or decrease happens.
We carry our mobile devices with us all the time, so that’s why many crypto platforms pay special attention to their mobile counterparts.
If you’re one of the people who’d rather have the flexibility to trade on the go than the luxury of doing it on a big screen, this article is the right one for you. Let’s see which trading platforms offer the best services to their mobile users.
CEX.IO offers an all-in-one mobile experience with multi-currency support. Moreover, the app also uses great matching algorithms to achieve high liquidity. More professional users can access various analytical tools to gain insight into the latest trends.
However, CEX.IO is and has always been one of the most suitable crypto trading platforms for newcomers, and the team managed to preserve that “newbies-first” interface on phones. In other words, there’s a very easy-to-use Buy/Sell interface for traders who are about to buy bitcoins for the first time.
The app also allows users to make price alerts. When a coin you’re following reaches a specific price, the push notification on your phone will pop up to inform you about that. This way, you’ll always be up to date with the latest price changes. This type of notifications can come in handy if you want to track your orders too!
Coinbase doesn’t really offer a traditional exchange app. Instead, you can download a Bitcoin wallet on your Android and iOS devices using App Store or Google Play. The platform actually started its journey as a wallet, only to transition to being an exchange. Then, it returned its wallet feature, where you can store your BTC securely. The wallet is part of the exchange, meaning you will not only be able to send and receive Bitcoin, but also buy and sell it.
The platform also started out as a Bitcoin-only exchange, but it expanded into much more. If you download the wallet, you’ll also be able to trade BCH, ETH, ETC, BAT, USDC, and more.
Coinmama is one of those services that don’t have a dedicated application. Therefore, all the available services can be accessed if you use your mobile browser, regardless of your mobile OS. In other words, it works perfectly well on both Android and iOS devices.
What makes this platform great is that it’s available in 180+ countries around the globe, making it easy to buy and sell Bitcoins. The platform is mainly focused on credit and debit cards and is great for people who want to buy crypto using fiat money.
The process of selecting the three best cryptocurrency exchanges for mobile users wasn’t easy, and we feel like some of the platforms shouldn’t be left out. There are many great exchange platforms out there, and the little differences between them helped us make the final cut. Therefore, we decided to make a list of honorable mentions, which are platforms that made it to the final stage of our selection process but lacked something compared to the three exchanges we covered above. Some of the platforms that offer great mobile trading experience but failed to make it to our final-three list are Bybit, Bitfinex, 3Commas, Binance, and KuCoin.
Final Thoughts: Get Ready to Trade on the Go
To sum up, trading cryptocurrencies requires being quick to act, and mobile devices made it convenient for us to act as soon as an opportunity to make a good trade appears. Most of the crypto exchanges that are popular around the world have their mobile counterparts, and we narrowed the list down to three options that we think are the best.
If you’re not sure which of the three is the best for you, there’s a path we like to propose. Start with CEX.IO, as its creators paid a lot of attention to making the app beginner-friendly and easy to use. Therefore, if you have no prior experience in mobile crypto trading, that’s the way to go. After a while, you can consider switching to platforms that require a bit more knowledge, such as Coinbase or Coinmama.
However, please take into account that this is just an opinion article, so your personal additional research is a necessary step to take before making a decision. Happy mobile crypto trading!