During recent years the financial world has been rocked by the explosion in cryptocurrency, trading all over the world, and not being government-regulated has made people within the financial world a little bit nervous. With the currency being entirely digital and beyond the control of central banks it has no government guidelines and rules to follow. But, despite some major blips the currency continues to grow, and its popularity increases.

Buying cryptocurrency has never been easier with countless platforms to make the purchase for you, bitcoin trader app official is one such app that has a proven history of reliable trading within the industry. Buying cryptocurrency without expert advice is not something for the faint of heart. Understanding how these currencies work can be daunting, seeking advice is highly recommended, after all, you are not trying to lose money but to make a solid profitable investment for the future. If you are thinking of investing please keep reading and hopefully any questions you may have regarding cryptocurrency will be answered.

What are Cryptocurrencies and How Does it all Work?

Everybody has heard of Bitcoin but how many people understand the concept of Bitcoin and the other cryptocurrencies that are available for investment. Cryptocurrency is digital or virtual money that is measured in “coins” or “tokens”. Some currencies have branched out and become more physical by issuing credit cards but most remain purely digital. “Crypto” refers to the complex cryptography used to create and process digital currencies used to decentralize the currency. Using code teams to develop mechanisms as a method for issuance through a “mining” process and other controls.

Cryptocurrencies are primarily designed to be free from the central bank and government control of all countries. Bitcoin was the groundbreaking currency but since the invention and launch of Bitcoin other forms of crypto have begun to be introduced to the market which is known in the industry as “altcoins”. Whilst many of these have impressive features none have yet to reach the same level of security that Bitcoin enjoys. Using a new technology called blockchain cryptocurrencies use it to chain together in “blocks” which is a sequence of blocks and distributed amongst users.

Which are the Most Popular Cryptocurrencies?

The launch of Bitcoin in 2009, has had a real impact on the way we look at the potential future regarding the way finance may develop. But, as with any new technology it wasn’t long before rivals began to start up and try to challenge the market of digital currencies. Now there are over 4 thousand cryptocurrencies available in many different countries. Here is a list of the most traded:

  • Bitcoin: Nobody seems to know if an individual or a group began Bitcoin, the name Satoshi Nakamoto is believed to have invented it but it is widely believed to be a pseudonym. Bitcoin is limited in the number of coins issued helping to prevent inflation. Using peer-to-peer blockchain technology didn’t need the help or regulation of financial institutions. Being the original currency and currently, the highest valued price affects all the other digital currencies.
  • Ethereum: Arguably the second most popular cryptocurrency it does differ from Bitcoin. Ethereum is actually the name of the blockchain technology used and Ether is the name of the cryptocurrency. Ethureum “Dapps” or different known as different applications can be used in the gaming industry and ICO’s or Initial Coin Offerings which in the cryptocurrency world is the equivalent of crowdfunding for IPO’s.
  • Litecoin: Another rival to Bitcoin, its popularity has risen and has been phenomenal, being able to use P2P networking has made transactions faster. With merchants now considering using it as a system for payment and may well enter the mainstream financial system, although the size of transactions is currently limited.
  • Ripple XRP: Fairly unique in the cryptocurrency world as a number of banks are connected and supporting it and have been since its inception. Ripple XRP is another currency that may also enter the traditional financial world due to the high number of transfer services it offers.

These are just a few examples of the available cryptocurrencies available but they are well established and seen by many as a reasonable investment, but as with any investment traditional or new, it is always a risk.

The Trusted Trading Applications Available

Any app you may use to trade with has certain criteria that should be met and security is number one. With so much much trade being done on a daily basis hackers are always lurking and trying to access your account. Most people using smartphones or tablets to trade with the app must have a high-security rating and your device or pc should be also secured when you are not using it. Antivirus software is also advised as well as a good VPN service installed.

So many investors are now taking cryptocurrency seriously, many apps are now on the market and with so many available it is hard to know which to choose. The applications are inherently easier to use than desktop computers and so much more convenient for trading, most people never have their smartphone more than a few feet away from them allowing you to check the price and make on-the-spot decisions regarding trade. Some of the most trusted apps are:

  • Bitcoin Trader: This app is considered to be a standout in the field. Offering a free demo service for new clients giving you the chance to get a feel for trading and not risk any actual money. They also have very competitive fees for making transactions.
  • Gemini: Tracking asset prices and real-time prices of the currencies in your wallet is made very convenient with the Gemini app and has the added bonus of being able to set price alerts so you can act quickly with your currency.
  • Coinbase: This app is very good for beginners or people who just want to have a bit of fun investing. Coinbase has an education section that allows you to earn free cryptocurrencies. Unfortunately, it is not universal and is only operating in 32 countries currently but has views to expand to the rest of the world.

With so many apps to choose from these are certainly ones to consider. All are trusted within the world and have high-security ratings. The apps also have easy-to-use interfaces and offer online help if you have a problem or inquiry that needs to be addressed.

Conclusion

To answer the question “is Bitcoin Trader App the Best for 2021” is not black and white. Many of the apps available have good qualities but the Bitcoin Trader App is one that definitely stands out above many of its competitors, an easy to use application that has extremely good security protocols, and very helpful in house help for the client, it is certainly worth giving Bitcoin a chance to help you make a wise investment, who knows you could also make some serious money during these troublesome Covid-19 times bringing a bit of joy and excitement in the process.

All investments have a risk and should not be rushed into without advice from an experienced trader or somebody with professional advice to give. Download the application and have fun investing in one of the many Cryptocurrencies.