Not long ago trading wasn’t available for most people, since only those working in the field of finance could get access to the trading equipment. However, now everything has changed and people can even make money from crypto on their Android devices.
Find out how to earn Bitcoins on Android and how to correctly choose a trustworthy app to trade cryptocurrency on your device. Moreover, you’ll see the list of great Bitcoin apps for Android and can make a choice of one of the platforms on the list.
Top 6 Bitcoin apps for Android
Here’s a list of the best Android crypto trading apps considering various criteria. You can choose an app to work with from the list and continue reading the article to become an expert in choosing the best cryptocurrency apps for Android yourself.
The list opens the very first Android app Bitcoin Code. The application makes trading for you much easier by automizing it. You don’t need to sit in front of the screen all day long to make profits, just turn on this app and you’re good to go.
Of course, if you’re a fan of manual trading, then you can also do it with the app. To begin trading with it, make an account, then deposit some money. Now, you can begin trying out your skills in trading or using the automated version.
Bitcoin UP is similar to the very first platform on the list. To begin using this Bitcoin app for Android, just fill out a short form with trivial data like your name, email, and password, then deposit some money. The minimum limit of the app is $250. Now, you can begin trading on your own or with the help of a consultant.
After signing up, you’re going to want to wait for a call from a person. They’re going to give you info on how you can make money using this app and tell you the strategies for profiting from crypto.
Bitcoin Circuit is an Android app with high SSL security, a user-friendly interface, and a support team ready to help you. With the app, you can either turn on auto trade or do the work yourself.
The accuracy of the platform is astonishingly high, being close to the 100% mark. The app is licensed and can be trustworthy on the security end. Moreover, it offers fast deposits and withdrawals to suit everyone’s tastes.
Bitcoin Cycle is another automated cryptocurrency trading app for Android devices. It offers high precision auto mode with the possibility of manual use too. To begin using this Bitcoin bot for Android, sign up and deposit some money.
The app is user-friendly, offering a simple interface, and has a small deposit minimum of just $250. Moreover, a user can choose to set a stop-loss before launching the auto mode. The stop-loss protects you from losing a lot of money. The function closes your position once it reaches a certain price which you choose yourself when setting the stop-loss.
Bitcoin Era is a highly technological crypto trading app for Android. It shows the live trades being made at the moment. To begin using the app, sign up, and deposit some money. Later on, you can turn on the automated trading or do it yourself. Both methods work great with this platform.
The last Bitcoin app for Android on the list is the Bitcoin System. The program is a robot that trades for you. All you have to do is make an account and deposit some cash. The rest is the job of a mechanism. The advantage of this auto trading is that it works 24/7 and the knowledge of the market by a robot is much better.
How to choose a great Bitcoin bot supported on Android devices?
You might feel skeptical about the apps on mobile phones at first. However, once you learn how to find trustworthy ones, you’ll change the way you look at the topic completely. Here’s what you have to know to find the best Bitcoin bot for Android.
Ownership or CFD platform
First, decide on which type of an Android crypto app you want to use. If your goal is a long-term investment in crypto, with the thought that, for example, Bitcoin will cost $100,000 in a few years, then the Ownership type of a Bitcoin app for Android is for you.
If you don’t enjoy waiting for a long time to make profits and want to actively make money, then CFD is what you’re looking for. These are Android apps made for trading and have especially small commissions because when users trade, they buy and sell crypto often.
After looking at the types, research the regulation of the Bitcoin app for Android that you’re about to choose. It should have a license not to be able to scam you out of the blue and also be able to protect your funds from frauds.
A great license to look for is the UK’s Financial Conduct Authority. However, some exchanges work without licenses too. An example of a really famous such app is Binance. It’s the largest crypto exchange but works without any licenses. Nevertheless, it has top-notch security levels even despite this fact.
Once you make sure a Bitcoin bot for Android has a license and can’t steal your money, you can start looking into the financial instruments. Some crypto exchanges are fiat-to-crypto, others are crypto-to-crypto. Let’s look at the difference between the types.
Fiat-to-crypto Android apps allow you to trade currency to crypto pairs. For example, USDT/BTC, USDT/ETH. Crypto-to-crypto apps allow you to trade crypto pairs, like BTC/ETH, ADA/BTC. Choose which trading you like better and make sure the Android Bitcoin bot is of the correct type.
If you don’t want to, later on, spend half of your earnings on fees and commissions, then remember this step. The fees might pop up at deposit, withdrawal, trading, and spreads. The commissions differ from one app to another so research carefully.
A great example of an app with low commissions is eToro. It barely has any of them which only applies in trading. However, 1% fees are also really low for crypto exchanges, so if you find Bitcoin apps for Android with such low fees, sign up on them without hesitation.
The Android app you choose should of course also be protected. A famous body for this work is the Financial Conduct Authority. The license makes sure the application doesn’t just steal money from your account and come out of it clean.
Moreover, great Bitcoin apps for Android should be quite strict and require certain things to make sure their users are in safety. They should warn you about the possible loss of all your balance while trading and they need to also require your ID to make sure you’re a real person.
The last thing to pay attention to are leverages. Leverage is additional cash from a broker. You can use it for trading and having bigger profits, but you need to return it after some time. However, higher profits come with higher risks.
High leverage brings unnecessary risks to trading which should be for a stable income. For example, if you use 1:30 leverage then with the 1% growth of a crypto coin you get 30% profits. But remember that the same goes for your possible losses, so be careful while choosing leverages.
It’s really easy to earn Bitcoins on Android. All you need to do is find a great app. Best Bitcoin bots need to provide you with leverage, 24/7 support, and small fees. Possible examples include Bitcoin System, Bitcoin Era, Bitcoin Cycle, Bitcoin Circuit, Bitcoin UP, and Bitcoin Code. Now go ahead and make those bags of money!