As more and more traders and tokens enter the crypto space daily, it’s become essential for exchanges to offer user-friendly, accessible mobile apps for on-the-go trading and portfolio management. A good crypto exchange app should have an intuitive interface and full functionality for traders, like desktop exchanges. When searching for the best app for your investments, comparing your options can help you decide. Here are some things to look out for when choosing which crypto exchange app works best for you:
Intuitive Design
The first thing to look for in a crypto exchange app is an intuitive and user-friendly design. This means the interface should be easy to navigate, with no confusing menus or buttons. It should have a simple user interface (UI) with minimal clutter or distractions from the main functionality of the tool. The FTX app is an excellent example of an intuitive design that both beginner and advanced traders can navigate and benefit from. The FTX app offers a simple interface for new traders and a more advanced dashboard for those traders looking for charts and indicators and managing multiple investments across exchanges.
Fees
Another essential factor to consider is the fees you’ll be charged for your trades. You want to ensure that the cryptocurrency exchange you’re using has competitive trading fees so that you can reduce the cost of trading. The best way to do this is by comparing the fee structure of different exchanges and finding one with competitive rates.
Crypto exchanges can charge different types of fees, including:
- Trading fee – This is a percentage-based fee levied when you buy and sell cryptocurrencies on an exchange. Most crypto traders will pay this fee on each transaction they conduct to use the platform’s services or access its network.
- Deposit and withdrawal/withdrawal limits – Some crypto exchanges charge fees when someone deposits or withdraws funds from their wallets or accounts on their site (this type of setup is often called “slippage” within the industry). Other crypto exchanges have lower withdrawal and deposit fees, and other exchanges like FTX offer zero withdrawal or deposit fees.
Payment Options
Look for different payment options. Whether a new crypto trader or a veteran, you’ll want to look for an app that allows you to deposit funds into your account quickly. Many top exchanges enable users to make deposits through PayPal, credit cards, and bank transfers. In addition, some will also include cryptocurrency deposits (like ETH USD and BTC USD). While this may not seem like a big deal at first, it can be if you lose internet access while trying to make a trade or transfer funds from your bank account—or worse yet, if there’s an outage on one of the exchange services!
Crypto Charts and Indicators
When looking for a crypto exchange app, it’s essential to ensure that it offers access to crypto charts and indicators. Charts and indicators are two things every trader should have at their disposal to make their trades more effective—after all, they can help you identify trends and changes in the market.
Once you’ve found out whether or not an exchange platform offers charts and indicators for traders’ use, what types of information should be available? A good starting point would be price movements over time—this will give traders an idea about where specific cryptocurrency prices have been going recently and which way they might go next based on historical data points provided by crypto exchanges. Charts can also display daily highs/lows, total market capitalization, percentage change since yesterday’s close price, etcetera. These stats can help you determine when to buy or sell your assets.
Customer Support
You need to be able to get help fast. This is especially important if something goes wrong or you have a question about how the app works. You should be able to contact customer support 24/7 for assistance with any issues that come up on your cryptocurrency exchange app. It’s also helpful to have an email address and phone number for more convenient access.
Generally, the best way to choose a crypto exchange app is by researching and comparing. Look for reviews online, and if you can’t find any, ask around at forums like Reddit or Quora to see what other users think about certain apps before signing up. A reliable and functional mobile exchange app can help you step up your crypto investments and better manage your digital portfolio.
