Experts believe that the era of cryptocurrency mining is over. It is much more difficult for new players to mine Bitcoin and other cryptocurrencies. You will have to invest a considerable amount of resources to get started with mining the popular cryptocurrencies. This is part of the reason why trading is how most people bank profits from cryptocurrencies.
In fact, cryptocurrency trading is something that a lot of people take seriously. If you are a trader, you know how important it is to stay ahead of the market and to keep yourself updated. The best way to do that is by trading cryptocurrencies on your smartphone, and we have the best tips to help you do just that from seasoned experts.
Big Screen And Fast Internet
There is no better way to keep up with the prices of cryptocurrencies than on the go. With most websites and trading platforms now accessible through mobile browsers, you will have no trouble finding the latest prices and checking how well your investments are doing.
For checking prices and market updates, a big screen is a feature that you want from the smartphone you use. You can view more of the chart and prices when you have a big, high-resolution screen at your disposal.
At the same time, you also want a smartphone that can deliver good internet connectivity at all times. Phones like the new Huawei P20 Pro and the OnePlus 6 are already gaining fans in the cryptocurrency trading scene for their superb 4G reception.
The Best Apps
Some Android and iOS apps make trading cryptocurrencies and checking market updates incredibly easy. If you are an Android user, Bitcoin Checker is a must-have app that will make tracking cryptocurrency prices a lot easier to do. The app focuses mainly on Bitcoin, but you can check the prices of other cryptocurrencies as well.
Bitcoin Checker can also issue alerts for certain events. For example, you can get a notification the next time Bitcoin price hits £10,000. The UI of this app makes keeping track of everything and creating custom alerts easy, even when you are not familiar with cryptocurrency trading.
There is a similar app for iOS users and it is called Coins Live. As the name suggests, the app gives you live updates of popular cryptocurrency prices. Since it is available for both your iPhone and iPad, you can take advantage of your tablet and trade Bitcoin on the go.
Managing Your Wallet
While there are app-based wallets that will store your Bitcoin wealth, trading is best done on the web platform of your cryptocurrency exchange. Fortunately, the mobile platforms offered by top exchanges are fluid and act as if they are native apps.
Choosing the right exchange is also important if you want to trade coins on the go. Many mobile traders prefer Coinbase for its mobile-friendliness. The leading exchange is also recommended by Cryptohead.io for being very reliable. Now that you have all of the best tips, you can trade like a pro and build your cryptocurrency fortune no matter where you are.