Nowadays, digital currencies are becoming more and more popular.The reason is that they offer you a very convenient way to pay for what you purchase, send and receive money to or from people.
Such currencies are called cryptocurrencies.
The origin of this name is associated with the word ‘Crypto’ which means secret or a person who adheres or belongs secretly to a party, secret or other group.
Image from iStock.com
According to the name ‘Cryptocurrency’, you can find out that crypto transactions are operated secretly and crypto space is only accessible with mobile phone, personal computer, laptop or another device which has an access to the Internet.
So, first let’s take a look at the main advantages of cryptocurrency transactions attracting a great number of people across the world.
Image from iStock.com
Advantages of using cryptocurrencies
1. Cryptocurrency has a user autonomy
In my opinion, the major beneficial side of digital currency is that it gives its users autonomy.
It is evident that, using conventional fiat currencies has several restrictions and risks. For example, it is not the secret that traditional banks are at the mercy of boom and bust cycles in the economy.
At the end, this kind of situations could cause to the bank runs and crashes. If you are interested in history, you can find out that bank runs and crashes have occurred numerous times in the past.
Banks cannot control this kind of cycle and it means that you probably lose a large amount of money in your bank account because of the occurrence of this kind of situation.
It is bad that you, yourself do not have a privilege to control your own money, right?
In that case, cryptocurrency and crypto wallets come to aid you. The reason is that, cryptocurrencies give you the opportunity to control over your money and autonomy, which you cannot have if you use traditional fiat currencies and the services of traditional banks.
2. Transactions are pseudonymous
Many online transactions require the information about the identity of both sides, payer and receiver.
Take transferring money from one person to another one.
In that process, operation can be done, only when both receiver and payer are verificated.
You are required to pass through a similar process, that is identifying yourself in order to buy something online.
Bitcoins offers its users to operate transactions pseudonymously.
But, it does not mean that they are completely pseudonymous, as the transactions can only be identified through one way.
This way is the blockchain address. Every user can have multiple addresses, just as they can have multiple usernames and passwords for a single account.
You are not required to tell about your Internet Protocol(IP) addresses or other identifying information in order to conduct the transaction.
3. Peer-to-peer basis
The cryptocurrency system is completely peer-to-peer.
It means that you can receive money or send your money from or to anyone across the world.
Even if you are from South Africa and you are going to receive money from the person who lives in the United States, you can receive this money as a form of cryptocurrency, as I stated above it has many advantages compared to other currencies.
Or if you live in Russia, you can easily send money to the person who lives in Brazil. It is so convenient and good, right?
4. Mobility
With cryptocurrency, you can conduct transactions anywhere, if only you have an access to the Internet. Of course, other online payment systems also give you the same opportunity.
But conducting transactions through cryptocurrency means that, you do not have to travel to the bank or a store in order to purchase a service or product.
For using cryptocurrency, you only need to have a crypto app on your smartphone or personal computer.
And then you should create one cryptocurrency wallet, before starting to conduct transactions.
In this article I will recommend you 4 best crypto apps in 2024.
Best Cryptocurrency Apps
1. Coinbase: One of the best crypto exchanges
Coinbase is a simple cryptocurrency app that enables you to buy and sell digital currencies, as well as, manage them easily.
It is an easy-to-use app, making it different from other apps. Apart from being an excellent mobile app, it provides you up-to-date information and news daily.
Among the best cryptocurrency apps Coinbase is the one which gives you a chance to stay informed about the trading fees and prices of your assets not only with the help of the mobile app, but also through the official website.
It is one of the largest cryptocurrency apps, gathering 56 million users around the world. It helps you exchange digital assets, like Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin and others.
In addition, for beginner traders there is a higher chance to build the knowledge and get experience in trading cryptocurrency and how to buy, sell your digital assets.
Stay tuned!
It has a number of smart tools which ease the process of crypto exchange and at the same time gives you information on recent updates and new features that help you to create your portfolio and learn how to act in a trading platform.
Safety features
Most cryptocurrency apps are not reliable enough in terms of privacy and safety of your data. However, Coinbase is an exact crypto app which provides you with high quality safety standards and multi-stage verification of your account.
It has a feature that you may set a lock to your mobile app with a passcode and control it remotely even in cases of loss.
Assets supported by Coinbase:
Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Basic Attention Token, 0x, and USD Coin.
CLICK HERE TO READ MORE ABOUT COINBASE
2. Blockchain.com
It is one of the best trading platforms connecting thousands of crypto traders around the world.
Blockchain.com is one of the most popular cryptocurrency apps in the world. In addition, it is one of the best places for cryptocurrency trading and investing.
This cryptocurrency exchange is designed for:
- Crypto traders of all skill levels and those who simply make cryptocurrency investments who are interested in cryptos and novel ways to earn passive income like staking.
Advantages
- Special feature that allows you to use 2 wallets
- If there are experienced users, they are ablr to earn interest
- Very clear structure and interface to understand
Top perks
There are two wallet options on Blockchain.com.
With the help of one of these options, you are able to make cryptocurrency exchanges in a short period of time.
It is possible to manage and keep your storage wallet privately.
In order to get Bitcoin into cold storage, you should first create an offline Bitcoin address.
This address offers users of Blockchain.com both public and private keys which never go online. (until you’re ready to spend it).
Trading wallet of Blockchain.com is designed for trading cryptocurrency.
This digital wallet is a good fit for beginner traders who have not much experience in that area and whose goal is practicing by using brokerage apps.
I think that, this feature of Blockchain.com makes it one of the best crypto exchange apps and one of the best places to make crypto to crypto conversions.
Moreover, during my research on the best crypto app, I found out that cryptocurrency app of some trading platforms are inconvenient to use for their users, especially for those who have desire of trading cryptocurrency.
After using the trading platform and app of Blockchain.com for a while, I realised that many other apps might be difficult to trade cryptocurrency, but Blockchain.com is one of the best cryptocurrency apps in the world.
The following currencies are supported by Blockchain:
- U.S. Dollar;
- British Pound;
- European Union Euros;
- Turkish Lira.
It is available to get free coins with program called Airdrop on Blockchain.com.
It is only allowed to use coins on their own blockchains, like Bitcoin Ethereum. You can count nearly every altcoin as a token.
Only those Blockchain.com users who have a main wallet for storage can be eligible for a free token.
Interest-earning feature of Blockchain.com
You have an opportunity to earn an interest by using Interest Account of Blockchain.com.
It is possible to earn an interest on a stored amount for eligible users. Money earned by users can be moved to the Blockchain.com wallet.
Allowed currencies are given below:
- USD Digital ($100 minimum)
- Bitcoin ($300 minimum)
- Bitcoin Cash ($1 minimum)
- Ether ($100 minimum)
- Stellar Lumens ($1 minimum)
- Tether ($100 minimum)
Blockchain.coin is one the best ways to buy and sell cryptocurrencies. It is also one of the best trading platforms that enables its users to make purchases in almost all trading pairs.
Also, you are not required to pay expensive trading fees for using the service of Blockchain.com.
You can send your money from your debit card to your one of Blockchain.com wallets in a very convenient and easy way.
That’s why, I consider Blockchain.com wallet as one of the best crypto wallets.
Another good feature of Blockchain.com is that, it gives you the opportunity to make crypto to crypto conversions with other users.
This is the reason why Blockchain.com is considered as one of the best trading apps in which the most exchanges are made.
So, do not miss the opportunity to sign up to one of the best cryptocurrency apps and make your first crypto portfolio right now.
CLICK HERE TO READ MORE ABOUT BLOCKCHAIN
3. Brave
Unique side of Brave
Brave is such a unique crypto app that you can earn tokens while you are simply browsing in Brave crypto app, or more precisely Brave browser.
Users can earn Basic Attention Token, if they view privacy-preserving ads on Brave.
I think that, it is that nice feature of Brave that can make it not only one of the most popular cryptocurrency apps, but also one of the most popular mobile apps in the near future.
Users’ Privacy as a priority
Privacy of its users is the priority of Brave. Brave do not give the opportunity to sites to track you by default.
It is one of the few cryptocurrency apps that have such feature.
This browser and kind of crypto app is especially designed for those who are fed up with encountering ads on the internet. Instead of these ads, Brave rewards its users with cold, hard crypto.
So, if you are interested in using Brave, sign up now and enjoy using this browser which also has a feature of crypto app.
If you want to find out about the reviews of other users, you can search for reviews of people about Brave via Google.
My personal view about Brave
It is true that, Brave might not be the one of the trading apps attracting those who want to create his/her career path in crypto investing or trading, but I definitely know that even simple people have an opportunity to earn money acceptably by using Brave.
CLICK HERE TO READ MORE ABOUT BRAVE
4.BlockFi
Next good crypto app which offers its services for crypto traders and investors is BlockFi. I personally have an experience in using this crypto app and, tell the truth, I did not regret at all that I decided to use BlockFi.
Because, its understandable interface makes buying and selling Bitcoin so easy. BlockFi, itself, at least, claims that.
The most important accomplishment of BlockFi
In my opinion, the most important accomplishment of BlockFi is being named as one of the best 50 Fintech companies and best cryptocurrency apps by Forbes.
Moreover, BlockFi invested 350 million dollars for its crypto-lending platform which has a huge growth potential in Serie D funding at a 3 billion dollars valuation.
The CEO of BlockFi claimed that users of this crypto app have an opportunity to earn Bitcoin on every purchase. It, without any doubt, attracted a great number of users and made BlockFi one of the crypto trading apps in the world.
My personal view about Blockfi
In my point of view, there are very few cryptocurrency applications offering such a convenient and easy way to earn money through buying and selling cryptocurrency as BlockFi does.
For that reason, I personally recommend BlockFi for those who are looking for a nice tool to make money by cryptocurrency.
CLICK HERE TO READ MORE ABOUT BLOCKFI
5.eToro
Another crypto app which has thousands of active users across the world is crypto app called eToro.
It is a platform developed by Israelis and eToro mainly concentrates on providing trading services, such as financial and copy ones.
Its offices are officially registered in Cyprus, the United Kingdom, the United States and Australia. In 2018, the valuation of eToro was estimated at 800 million dollars.
This number increased three times and reached 2.5 billion dollars in 2020.
You can conveniently buy and sell the most popular cryptocurrencies, like Bitcoin Ethereum, on eToro. In addition, the last version of eToro cryptocurrency app made it even easier and more convenient.
With this app your journey to the cryptocurrency world will be much easier and more enjoyable than other types of online platforms and apps. It can give you a full chance to discover new time-saving options and use them effectively.
Advantages of eToro
- eToro provides its users with free insurance.
- There is a community of eToro gathering 20 million users. In this way, you can trade socially with the help of other users.
- eToro might be a good choice for those who have a desire to copy experienced and best traders, as top traders provide you with useful advice on eToro.
- on eToro, your money and personal data are well protected.
My personal view about eToro
I would like to personally recommend you to use eToro, since it is one the most popular tools to engage in crypto trading and lots of good reviews of people about eToro means that it is worth using.
So, sign up eToro right now and create your crypto portfolio cryptocurrency wallet.
CLICK HERE TO READ MORE ABOUT ETORO
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Conclusion
In this article, I tried to give you information about cryptocurrencies, their advantages, and the most helpful platforms and tools to engage in cryptocurrency trading and investing.
Undoubtedly, there are a lot of apps that can help you in earning money through cryptocurrencies. Based on my personal experience in using such apps, I, without any doubt, can recommend you to use Coinbase.
For me, it is the best place for cryptocurrency traders and investors. Also, there are other apps, such as Blockchain.com, Brave, BlockFi and eToro.
So, enjoy earning money by cryptocurrency and using the platforms I recommended to you.