Over the past few decades, many cryptocurrencies have been introduced to the crypto space. Every cryptocurrency other than Bitcoin, the first cryptocurrency is called altcoins because they are considered as alternatives to Bitcoin. With its ever-growing popularity, alternative currency trading apps that are compatible with almost every device are available. Given the abundance of options available, choosing the right application can be a challenging task. To make this task easier and make an informed decision, here are the ten most popular and effective alternative currencies supported by Android devices.
There are currently 23 million users of the eToro app, making it one of the most widely used and popular alternative currency exchange apps in the United States. Its popularity is due to the low platform fees, and you are not required to pay any fees or commission on transactions. eToro, instead of charging a transaction fee, charges a difference. The spread is generally a difference in the price of buying and selling currencies. The amount saved can vary greatly with the type of altcoins, but in general, the average spread remains 1.90% most of the time.
Weibull is the best choice for those looking for the best eToro alternative. When it comes to free altcoin trading apps, WeBull has proven to be the best. The services offered by WeBull are many, including partial investment. The app offers commission-free trading of more than 20 different altcoins. They cover different areas such as Decentraland, Fantom, Cosmos, and more.
Bybit is a very successful altcoin trading app with low trading costs. The applications provide customer support to its users around the clock; They have a chat system that ensures users get help whenever they need it. The deposit fee is nil and they have many trading options. If you are looking to use the Bybit mobile app, consider visiting https://learn.bybit.com/altcoins to learn more.
Phoenix is a fiat-backed cryptocurrency exchange with a very low trading fee of around 0.5%. Like everything mentioned above, the app is easy to use in almost every mobile app overlap with excellent 24/7 customer service or live chat support.
Coinbase is the perfect choice for those looking for the best bitcoin wallet apps. After eToro, Coinbase is ranked as the second largest cryptocurrency [altcoin] Exchange platform daily trading volume is about 3 billion. The app has an impressive range of cryptocurrencies available for trading, with an asset count of over 8000. The app charges a certain amount of fixed fees, which vary depending on the size and method of payment.
The AltCoinTraders app is a South African based exchange platform that appeared 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 fees are very low, and users can earn better returns with easy saving. Easy Save has no lock-up period and acts as instant access to your funds.
Binance is another most widely used crypto exchange app that offers low cost marketplaces. The daily turnover of the app exceeds ten billion dollars per day. The commission charged is a nominal fee of 0.10 percent per slice. Fees and available financing options vary depending on your location.
The Gemini app is best suited for those who aim to set aside larger amounts for their investments. When you choose to install this crypto exchange application on your mobile phone, multi-level security and many security systems are provided to you. The downside of the platform is that there are a limited number of currencies to trade and fees are on the higher side.
The most attractive feature of the Coinsmart app is that traders can cash out on the same day and convert instant cryptocurrency into crypto transfers. Trading fees vary depending on the type of trades being made, such as 0.2% for single traders and 0.4 for double trades.
Finally comes Kraken, another fiat-backed crypto exchange that doesn’t require a lot of transaction fees. Fees range from 0 to 0.26. The main feature of the app is that it can be accessed on Android, iOS and web applications.