Learn how to properly use cryptocurrency apps and their features with this guide from FTX.
*Compared to major competitors. Terms and conditions apply. This is not investment advice or an investment recommendation. NFTs are shown for illustrative purposes and the types of NFTs available may vary. Cryptocurrencies, including NFTs are highly volatile, subject to significant price risk, and may not be suitable for you.
If you're here, then that means you've learned the basics of cryptocurrency and want to get started with trading. The first step to buying Bitcoin or other cryptocurrencies is using a cryptocurrency app.
An app for cryptocurrency allows users to interact with their digital currency on the go. The challenge is that there are plenty of cryptocurrency apps to choose from, and it can be easy to get lost trying to navigate through the noise.
In this article, we'll cover everything you need to know about cryptocurrency apps.
Clearly, before you can use a cryptocurrency app, you'll need to find one you trust. If you're new to the process, the good news is that choosing a trustworthy and secure crypto app isn't difficult.
Here are some ways you can filter through the market and choose the best app for cryptocurrency.
One of the top benefits of cryptocurrency is that it's accessible to anyone with an internet connection. The same principle applies to choosing a crypto app. You'll want to find one that's available on multiple platforms.
Any app you use to store your cryptocurrency should have top-notch security. This is non-negotiable. When an app has robust security features, it'll usually list them prominently on its website or app store page.
Make sure the app uses two-factor authentication (also known as "two-step verification"). This adds an extra layer of protection by requiring you to input a code that's sent to your mobile device in order to log in.
In addition, check out user reviews and see what others are saying about the app's security measures.
The whole point of using a crypto app is to make your life easier. When you're looking at different options, be sure to pay attention to how user-friendly they are.
Can you easily find the features you need? Is the interface clean and straightforward? Are there helpful tutorials or customer support options if you get stuck?
Depending on the app you choose, you may be charged fees for using it. These fees can vary depending on the app, so it's important to compare your options before making a decision.
Some apps might not charge any fees, while others may have transaction fees, withdrawal limits, or other costs associated with using their services.
If you're planning on trading cryptocurrency, you'll need to find an app that has enough trading volume to support your needs. If an app doesn't have enough trade volume, it could result in a delay when trying to execute a trade.
Be sure to check an app's website or app store page to see how much trading activity is taking place.
Not all cryptocurrency apps offer the same coins. If you have your heart set on a specific coin, make sure the app you choose supports it.
You should also think about which coins you might want to trade in the future. Some apps only support a handful of coins like Bitcoin and Ethereum, while others offer hundreds of different options.
If you're new to cryptocurrency, it's important to find an app that offers educational resources. These can come in the form of blog posts, tutorials, FAQs, or even customer support.
The best apps will have a variety of resources that can help you learn about the basics of cryptocurrency and how to use the app itself.
Once you've found the perfect app for cryptocurrency, it's time to create an account.
Be sure to use a strong password and enable two-factor authentication, if it's an option. Once your account is created, you're ready to start using your app.
Now that you have a cryptocurrency app, it's time to start buying some coins. This process will vary depending on the app you're using, but most of them follow a similar process.
First, you should expect to go through identity verification (or “know your customer”). Most jurisdictions require financial companies like crypto exchanges to verify the identity of their users for the sake of compliance with anti-money laundering regulations.
Next, you'll need to deposit money into your account. Different apps will give you different options - from bank transfers to credit cards - to fund your account. Once the money is in your account, you can start buying cryptocurrencies.
You can also use your app to trade cryptocurrency with other users. Some apps even allow you to buy goods and services with cryptocurrency.
When buying crypto, here are some important tips to follow:
FTX is a US-regulated cryptocurrency exchange designed to be a trustworthy platform for online traders and improve the digital currency ecosystem. Getting started with our app is simple.
All you have to do is download our app, register for an account, and you can start trading in a few minutes. The FTX app was designed by the world’s most sophisticated traders, but with the features that even the newest beginners need to get started on their crypto journey
You can track the progress of your crypto portfolio with our in-app wallet and portfolio tracker.
Using a cryptocurrency app isn't a difficult process once you do your research and choose the right one.
If you're still in the market for a reliable app for cryptocurrency, consider creating a free account with FTX and start buying crypto in just a few minutes.