When managing your bitcoin investment, there are several apps you can use to make your life easier. In this brief guide, you will discover the three best bitcoin investment apps for your smartphone.
3 Top Bitcoin Investment Apps
|BMJ Rating||User Rating||Number of Users||Beginner Friendly||Price||OS|
|Coinbase||4.5/5||4.7/5||500,000+||5/5||Free||iOS and Android|
|Blockfolio||5||4.6/5||100,000+||4/5||Free||iOS and Android|
Coinbase is one of the most popular bitcoin exchanges and wallet providers in the market. The San Francisco-based company has surpassed the seven million user mark in 2017 and is widely considered to be the most beginner-friendly bitcoin wallet.
However, the app has more to offer than that. Using Coinbase, you can not only purchase and store bitcoin but also the two popular altcoins ether and litecoin using the in-app purchase functions. Digital currency purchases can be made using a bank transfer or a credit card payment, which makes it easy to top up your digital currency investments on the go. You can also access Coinbase online if you prefer to make your bitcoin purchases at home on your computer as opposed to through a smartphone app.
If you are holding a diversified portfolio of digital currencies and want to keep track of where you bought and sold and how much your current holdings are worth, then there is no better app that Blockfolio.
Blockfolio allows users to track the price action of over 800 digital currencies by enabling users to record entry and exit levels as well as the quantities of each trade. Furthermore, the app provides charting tools so that you can analyze the price trends of your favorite digital currencies and collates the latest news stories from leading bitcoin news publications.
The app also allows users to set price notifications. That way you can receive notifications on your phone when the digital currencies in which you are investing reach price levels at which you would like to buy or sell.
Blockfolio is excellent for those who want to keep track of their digital currency investment returns in a proactive manner. Moreover, it is also a great tool to determine how much capital gains you will need to record on your Form 8949 at the end of the tax year to appropriately tax your bitcoin investment.
zTrader is another popular bitcoin investment app that is targeted at more advanced digital currency investors. zTrader allows users to execute trades on various digital currency exchanges all through one single smartphone application.
Using zTrader you can trade bitcoin as well as any altcoins listed on the exchanges that zTrader supports. Currently, the app supports 17 digital currency exchanges including Kraken, Bitfinex, Poloniex, and Bittrex.
The app also provides users with a news feed, technical analysis tools, price alerts, and a chat room to discuss the market with other investors.
zTrader was launched in 2014 and is available for free for Android only.
As investment in digital currencies becomes more widespread, more app development to facilitate investment is likely on the way. Subscribe to Bitcoin Market Journal to learn more about investment tools and strategies in the altcoin space.