Leading Applications For Crypto Trading And Bitcoin Purchases
Crypto experts believe that the market may finally experience a bullish run after suffering an extended bear run.
The thirteen-month-long bear market may finally come to an end and lead to a market surge that will promote a renewed interest in crypto purchases. New money getting injected into the market has seen a notable rise in BTC prices which has seen it rise to new highs for the first time this year.
Mainstream media has again turned its attention to the crypto verse after BTC prices rose to $9,000 in the past few days. Many media platforms are advising investors to once again consider investing in crypto.
But the one thing that clearly stands out between this bull run and other bull runs is on the state of the infrastructure. Unlike before, the infrastructure has greatly improved for both retail and institutional investors. Today, retail investors have a number of options when it comes to purchasing Bitcoin.
The following are leading applications for use in buying and selling crypto:
Total number of supported coins: 13
It is the most popular and trusted application for anyone looking to trade in cryptocurrency. Coinbase, with a market capitalization of $8 billion has been a market leader since the early days.
The company provides investors with a unique interface that completely simplifies the crypto purchasing process. Retail investors can purchase crypto in a few simple clicks. While the application is simple, the platform does attract substantial fees.
It also attracts various payment restrictions based on the KYC completed and the payment method an investor would like to use. If such hurdles are not an issue to you, and if you are willing to complete payment using a debit card, then Coinbasemay be the right application for your investment needs.
Total number of supported coins: 18
Voyager is a new entrant into the crypto verse. Being new, it had to make a splash for it to grab headlines, and attract the attention of both institutional and retail investors. The platform managed to do that by rapidly deploying their services earlier this year.
It introduced its iOS app in February 2019. Each new signup was awarded a $25 bonus. The bonus was sent out in the form of Bitcoins. It currently supports more coins than Coinbase and does not charge any trading fees.
Total number of supported coins: 17
If you are among the many millennial investors in the crypto verse, chances are that you already have Robinhood on your phone. It is a popular trading application for cryptocurrencies, options, and stocks. It does not charge any commission to trade on it.
Robinhood provides similar functionality to that found on many other crypto related platforms. The primary benefit of using it to trade is that you can easily combine your equity portfolio to your digital assets.
The platform is continuously rolling out new functionalities in a bid to boost its cryptocurrency offerings. This includes providing wallet functionality as well as adding new cryptocurrencies on a frequent basis.