The Top 10 Alternative Cryptocurrency Trading Apps for Android Users
Many cryptocurrencies have been launched into the crypto realm during the last few decades. Altcoins are all the rest of the cryptocurrency that is not Bitcoin, the original cryptocurrency. They are considered alternatives to Bitcoin. Altcoin trading apps for practically every device are becoming more popular as the cryptocurrency’s popularity grows. Choosing the proper app can be difficult due to the numerous options accessible. Here are the ten most popular and effective altcoins supported by Android smartphones to make this work more accessible and to help you make an informed decision.
The eToro app currently has 23 million users, making it one of the most widely used and popular altcoin exchange apps in the United States. Its appeal stems from the low platform fees, and there are no transaction fees or commissions to pay. Rather than incurring transaction fees, eToro charges a spread. A spread means the difference between the buy and sale prices of two coins. The spared varies depending on the type of altcoin, but the average spread remains at 1.90 percent for the most part.
Also, read – Explanation of Cryptocurrency Volatility
For everyone who is looking for a better alternative to eToro, Weibull is the best option. WeBull has proven to be the greatest of the free cryptocurrency trading apps. WeBull provides a variety of services, including fractional investing. The app allows users to trade over 20 different altcoins without paying a commission. They cover a wide range of topics, including Decentraland, Fantom, Cosmos, and others.
Bybit is a popular altcoin trading software with cheap transaction fees. There are no deposit fees and a variety of trading alternatives. The apps give round-the-clock customer service to their customers, and they have a chat system in place to ensure that they get help whenever they need it.
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Phoenix is a cryptocurrency exchange platform that accepts fiat cash and has a deficient trading charge of roughly 0.5 percent. Like everything else described above, the app is user-friendly on practically any mobile device and comes with excellent customer service or live chat support 24 hours a day, seven days a week.
For those looking for the best bitcoin wallet app, the Coinbase app is the best option. Coinbase is the second-largest crypto coin [altcoin] exchange site after eToro, with around $3 billion daily trading volume. The app provides a large number of cryptocurrencies available for trading, with over 8000 assets. The app charges a flat fee that varies depending on the size of the order and the method of payment.
Traders of Alternative Cryptocurrencies (AltCoins)
The AltCoinTraders app is a cryptocurrency exchange platform situated in South Africa that first appeared in 2015. Credit card deposits are accepted on this exchange site, and customers can fund their accounts. Users can trade a wide selection of altcoins, and the trading charge is exceptionally inexpensive. Users can also get more significant returns by using simple savings. Easy Save has no lockup period and gives you immediate access to your money.
Binance is another widely utilized cryptocurrency exchange that provides low-cost markets. Every day, the app’s trade volume approaches 10 billion dollars. A minimal price of 0.10 percent per slide is imposed as commission. Fees and funding possibilities vary depending on where you live.
The Gemini app is excellent for people who want to put more money into their assets. The platform’s disadvantage is that there are only a limited amount of coins to trade, and the charge is quite costly. When you opt to install this crypto exchange software on your mobile phone, you will be supplied with layered security and a variety of security techniques.
The Coinsmart app’s most appealing feature is that traders may payout on the same day and convert crypto to crypto instantly. The trading price varies depending on the type of trades made, with single trades costing 0.2 percent and double trades costing 0.4 percent.
Finally, there’s Kraken, a crypto exchange platform that accepts fiat currencies and doesn’t charge a high transaction fee. The charge varies from 0 and 0.26. The app’s main benefit is that it can be used on Android, iOS, and the web.