Over the last few decades, many cryptocurrencies have been introduced to the cryptocurrency space. Every crypto other than Bitcoin, the first crypto is called altcoins as they are considered as alternatives to bitcoin. As its popularity is constantly growing, altcoin trading apps are available that are compatible with almost all devices. Due to the many options available, choosing the right app can be a daunting task. To make this task easy and make an informed decision, here are the ten most popular and effective altcoins supported by Android devices.
1. eToro
Currently, there are 23 million users of the eToro app, making it one of the most widely used and popular altcoin exchange apps in the United States. Its popularity is due to the low platform fees and you will not be asked to pay any transaction fee or commission. eToro charges a spread instead of charging transaction fees. A spread is generally a difference in the purchase and sale price of the coins. The savings can vary a lot with the type of altcoins, but in general the average spread remains 1.90% most of the time.
2. Weibull
Weibull is the best choice for those looking for the best alternative to eToro. When it comes to free altcoin trading apps, WeBull has proven to be the best. The services offered by WeBull are many, including fractional investment. The app offers commission-free trading with over 20 different altcoins. They cover various niches such as Decentraland, Phantom, Cosmos and more.
3. Bybit
Bybit is a smash-hit altcoin trading app with low trading costs. The apps provide customer support to their users around the clock; they have a chat system that ensures that users get help when they need it. The deposit fees are zero and have several trading options. If you are looking forward to using the Bybit mobile app, consider visiting https://learn.bybit.com/altcoins to learn more.
4. Phoenix
Phoenix is a fiat currency-backed cryptocurrency exchange platform with a very low trading fee of around 0.5%. As mentioned above, the app is easy to use on almost any mobile app interference with excellent 24 × 7 customer service or live chat support.
5. Coin base
The Coinbase app is the ideal choice for those looking for the finest bitcoin wallet apps. After eToro, Coinbase is ranked as the second largest cryptocurrency [altcoin] exchange platform; the daily turnover is about 3 billion. The app has an impressive selection of cryptocurrencies available for trading, with an asset number of over 8000. The app charges a certain amount of fixed fee, which varies with size and payment method.
6. AltCoinTraders
The AltCoinTraders app is a South African-based exchange platform that came to light in 2015. This exchange platform accepts credit card deposits and users can fund their accounts. There is a wide range of altcoins available for users to trade, the trading fee is extremely low and users can earn better returns by using easy savings. Easy Save has no lockout period and acts as instant access to your money.
7. Binance
Binance is another most popularly used crypto exchange app that offers low cost markets. The app’s daily trading volume exceeds ten billion every day. The commission charged is a nominal fee of 0.10 percent per. slides. The fees and financing options available vary with your location.
8. The twins
The Gemini app is best suited for those aiming to allocate larger amounts to their investments. When you choose to install this crypto exchange app on your mobile phone, you get multi-level security and many security schemes. The downside of the platform is that there is a limited number of coins to trade and the fee is on the higher side.
9. Coinsmart
The most attractive feature of the Coinsmart app is that merchants can pay out same day and instant crypto-to-crypto conversions. The trading fee varies with the type of trades executed, such as 0.2% for single traders and 0.4% for double traders.
10. Kraken
And finally comes Kraken, another fiat currency-backed cryptocurrency exchange platform that does not require much transaction fee. The fee varies from 0 to 0.26. The biggest advantage of the app is that it is available on Android, iOS and web apps.