Being a crypto trader means that you can make a profit from your couch, with nothing else than a phone in your hand and some money in your bank. However, in order to make this work, you need to select the right apps on your end.
You need a crypto wallet and an exchange, at the very least, not to mention apps that you can use to elevate your cybersecurity and provide anonymity. With that in mind, and in order not to gloss over an important topic in an introduction, let’s start listing apps that every serious crypto trader needs on their phone right away.
- VPN
When conducting research, you’ll want to learn about cryptocurrencies from many different sides and sources. However, your research capabilities may be restricted by the fact that some news outlets are not available in your region. Not all countries have the same regulatory stance toward crypto, and a lot of this bias is reflected in the media, as well. You cannot allow geo-restrictions to limit you, which is why you need a VPN.
The ability to use platforms from anywhere is also essential for crypto traders. Sure, you can automate some decisions, but you still need to have the final say. You cannot place orders if you cannot access the exchange platform. A VPN ensures that this will never be the case.
The extra IP protection and encryption offered by the leading mobile VPN services are a must-have for crypto traders. Why? Well, people who are serious about trading in crypto usually have a lot of digital assets, which means that losing them or compromising financial information is worse for them than it is for other people.
- Crypto Wallet
A reliable crypto wallet app is essential for safely storing your digital assets. It provides a secure space where your cryptocurrencies are kept safe from hacks and unauthorized access. With encryption and security features, it’s like having a digital vault in your pocket, offering peace of mind for your investments.
Now, crypto wallets come in different forms: software and hardware crypto wallets. In order to handle crypto storage, you have to understand the difference between the two.
If you trade or hold more than one type of cryptocurrency, having a wallet that supports multiple currencies is a game-changer. This feature allows you to manage all your digital assets in one place without needing multiple apps, simplifying your trading experience and making asset management more efficient.
One of the best things about a mobile crypto wallet is the ability to make transactions anytime, anywhere. Whether you’re buying, selling, or transferring crypto, having an app that lets you do this easily on your phone makes the process quick and convenient, fitting seamlessly into your daily routine.
A crypto wallet isn’t just about storage; it’s a crucial tool for managing your assets. It allows you to keep track of your holdings, monitor their value, and even perform transactions. Without a wallet, managing your crypto portfolio would be cumbersome and risky, especially in a fast-paced market.
- Trading Platform App
Having real-time market data at your fingertips is essential for making informed trading decisions. A trading platform app provides you with up-to-the-minute information on prices, trends, and market movements, ensuring you’re always in the know. This immediacy can be the difference between making a profit or missing out.
Speed is critical in the world of crypto trading. A trading platform app allows you to execute trades quickly, ensuring you can buy or sell at the optimal moment. This efficiency not only saves you time but can also maximize your gains by enabling you to react instantly to market changes.
A good trading platform app comes equipped with charting tools that help you analyze market trends and patterns. These tools are invaluable for planning your trading strategy, allowing you to visualize data in a way that makes sense and helping you predict future market movements with greater accuracy.
Staying on top of market changes is easy when your trading platform app sends you notifications. Set up price alerts to get notified when a cryptocurrency reaches a certain value so you never miss an opportunity. These updates keep you connected to the market, even when you’re not actively trading.
- Portfolio Tracker
A portfolio tracker app lets you keep a close eye on your investments by showing you how your assets are performing in real-time. This tool is invaluable for any serious trader, helping you stay organized and informed about the state of your portfolio so you can make timely adjustments when needed.
Knowing how well your investments are doing is crucial for long-term success. A portfolio tracker helps you monitor your portfolio’s performance by providing detailed insights into gains, losses, and overall value. This information is key to making informed decisions and optimizing your investment strategy for better returns.
Managing a diverse portfolio across various exchanges and wallets can be challenging, but a good portfolio tracker makes it easy. With support for multiple platforms, you can view all your assets in one place, giving you a comprehensive overview of your holdings without the need to juggle multiple apps.
Keeping your crypto investments organized, especially with a diverse portfolio, is a breeze when you can consolidate all your holdings into one view. A portfolio tracker app allows you to see your entire crypto portfolio at a glance, simplifying management and helping you stay on top of your investments without the hassle of switching between different platforms.
- Security Authenticator
In the crypto world, the importance of security can’t be overstated. A security authenticator app adds an extra layer of protection by requiring a second form of verification, typically a code generated on your phone. This step makes it much harder for unauthorized users to access your accounts, giving you peace of mind.
Two-factor authentication is a must for serious crypto traders, and a security authenticator app makes it easy to implement. By requiring both your password and a time-sensitive code, it significantly reduces the risk of your accounts being compromised, offering an essential safeguard for your digital assets.
Most trading platforms now support integration with security authenticators, making it simple to enhance your account security. With just a few steps, you can connect the app to your accounts, adding an extra layer of protection without complicating your trading process. It’s a straightforward way to boost security.
In the digital age, unauthorized access to your accounts can be disastrous, especially in crypto trading. A security authenticator app acts as a strong barrier against hackers and unauthorized users, ensuring that only you can access your trading accounts. It’s a small step that provides significant protection against potential threats.
As a crypto trader, your routine depends on your apps
Having the right set of apps on your side is incredibly important for a crypto investor. It gives you a set of tools that you can rely on and fall back on. Sure, the market can be unpredictable, but you still need some structure. Even if it doesn’t come from a consistent strategy, it should come from the tools you use for trade.
