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Crypto Trading on the Move: Five Apps if You Wish to Trade on the Go

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crypto trading: Let’s have a look at five of the better apps out there at the moment for crypto traders.

As crypto trading becomes more mainstream, we’re seeing people from all different walks of life get involved, and not all of them are sitting in front of their laptop all day.

For many, being able to make trades while on the move can be a make or break factor when choosing their crypto exchange of choice, and exchanges are smartening up to this.

 

Enter crypto trading apps.

In today’s world, there’s an app for everything, and it was only a matter of time before we saw crypto exchanges add apps to their services.

Like most apps, you’ll find some that are absolutely fantastic, but others that aren’t quite up to the job.

Let’s have a look at five of the better apps out there at the moment for crypto traders!

 

Binance

Everyone knows about Binance, so why not start with them? The company was founded in 2017 and has gone from strength to strength since.

Currently one of the largest crypto exchanges on the market by trade volume, Binance have ambition and a committed team.

They provide a desktop app that is available for both Windows and Mac, as well as an Android mobile app.

Users of the Binance app describe it as easy to use and with a simple interface, allowing them to sell, buy, and view their personal trade history. It also allows users to access their open orders and crypto holdings.

With over 1 million downloads to date, it’s safe to say that the Binance app is a favorite of crypto traders.

 

Tab Trader

When most people think of trading apps, they naturally assume that such apps are produced by the exchanges themselves.

This isn’t always the case, as we see with Tab Trader, which is a free trading terminal that provides users access to crypto exchanges such as Coinbase, Binance, HitBTC, and Gemini.

All in, there are over 25 different exchanges available on the Tab Trader app, which has been downloaded around half a million times by users in over 150 countries.

Using the app, traders can trade using stop-loss, limit order, market order, and settle position functions over a number of crypto exchanges.

All of a users exchange accounts are managed from one handy interface.

All of a users API keys are kept on the actual crypto exchange in an encrypted form, or in the possession of the app users, so at no time does Tab Trader have access to any of their user’s funds.

 

RightBTC

The Dubai-based exchange’s mobile app is available for both iOS and Android, so it caters to the majority of the smart device-owning market.

Providing state of the art SSL security, 24/7 customer support and over 90 listed pairs, RightBTC’s app offers a high standard of analytical tools, with graphs and charts that are easy to read, as well as real-time market access, meaning instant and accurate updates of users accounts.

RightBTC has seemingly been keeping tabs on some of the issues that traders have experienced with other apps and have put together an offering of their own that seems to address many of these issues.

The app is intuitive and stable and is incredibly easy to use.

 

KuCoin

Known in certain circles as “the people’s exchange,” KuCoin aims to make crypto trading more accessible for the novice trader.

Its mobile app is available on both Android and iOS and offers many of the essential functions that their desktop website does, such as basic trading services like deposits, withdrawals, buying, and selling, as well as access to your wallet.

With over 350 coins listed at the time of writing, KuCoin is an interesting choice for those interested in obscure coins.

 

Bitfinex

Despite not being able to offer services to US customers, Bitfinex is still a significant player when it comes to trading, and their mobile app reflects that.

Again, this app is available for both Android and iOS, and you can easily deposit funds and trade on the platform using it on whichever device you choose.

Being easy to configure and use is a quality that you’d be looking for in any app, and the Bitfinex offering provides that.

As mentioned, US users may not be able to enjoy the Bitfinex service for the moment, but this is still a lovely little app worth mentioning.

 

As the popularity of crypto trading continues to grow, exchanges will have to continually up their game and ensure they’re providing the kind of service that appeals to not only dedicated traders but casual traders as well.

A high-quality mobile app is an integral part of that strategy, and the apps chosen here are done so with ease of use in mind for both experienced and novice traders alike.

We thank Aubrey Hansen for this guest post.

Happy trading!

 

#Bitcoin

Donald Trump policies push Mexico to Bitcoin

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Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse.

Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse that remittance payments of Mexican migrants in the United States of America will potentially be the target of new restrictions essentially ending the possibility of Mexican migrant workers to be able to cheaply send money back home to their families.

 

Mexico adopting Bitcoin:

Mexico has been experiencing a massive increase in the number of transactions on localbitcoins. Mexican migrant workers are believed to be exploited by the remittance companies which are charging around 10% fees. What is essentially being discussed here by the Trump Whitehouse is a new tax on these migrant workers. The number that they are currently floating around is a 3% tax on the remittances going from the USA to Mexico. This may not seem super crazy but considering the $33.4 billion which were sent to Mexico in 2018 alone, that extra 3% could mean $1 billion more per year for the United States government.

 

98% of the transactions that were sent during the last year, were sent via electronic means which means that there is actually a very strong remittance route that is ready for mass disruption going from the United States to Mexico and Bitcoin could be the perfect answer. However, the average size of a remittance payment from the United States to Mexico is $322 last year and the problem is that if the fees rise again exponentially on bitcoin, then bitcoin might not be the ideal cryptocurrency for these kinds of smaller remittance payments. Maybe we are going to see some other cryptocurrency being adopted in that situation. But regardless of which cryptocurrency is used, we can see that there is a clear need for disruption as government policies again seeks to impede or overly exploit the free float of money.

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#Bitcoin

Bitcoin Crashes Downwards: Is BTC Going to Fall Back to $4000?

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Bitcoin fell down to test the $5000 support level. If the current support around $5000 is broken, BTC might really crash to $4500 and $4200 support levels.

Bitcoin fell down to test the $5000 support level which is the most crucial level for BTC currently. The downward correction started after bitcoin tested the $5500 resistance level yesterday at around 18:00 UTC.

 

The resistance around $5500 proved very strong and pushed the price downwards sharply. The sharp declining pattern attracted a lot of sellers which even pushed the price below $5200 support level and BTC tested the $5000 support reaching up to $5018.

BTCUSD Price Chart- Coinbase

BTCUSD Price Chart- Coinbase

Bitcoin is currently trading around $5070 (at the time of publication) showcasing a bearish pattern.

 

Bitcoin Price Drop:

The sudden price drop has led to people speculating that BTC might soon crash back to the $4000 range. Earlier, analysts were also predicting the sudden rise of bitcoin to be a conspiracy. Also, Bloomberg had also called the sudden rise a Blip. If BTC had successfully crossed over the $5500 range, the next major resistance was around $5800, however, BTC fell sharply losing more than $400 in value over the last 24 hours.

 

The bearish move does not clearly indicate a crash towards $4500 and $4000 range, however, if the current major support around $5000 is broken, BTC might really crash to $4500 and $4200 support levels. With the price of bitcoin falling, other major altcoins are also in the red zone today with Ethereum falling more than 8% in the last 24 hours, XRP falling more than 6% and Litecoin falling around 12% in the last 24 hours.

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China to completely ban crypto mining: Bitcoin about to Crash Hard?

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As reported by Bloomberg, China is moving towards putting a complete ban on mining bitcoin and other crypto as it causes serious wasatage of resources.

As reported by Bloomberg, China is moving towards putting a complete ban on mining cryptocurrencies such as bitcoin. In accordance to a document posted by the National Department and Reform Commission of China, the mining of cryptocurrencies should be completely banned as it causes serious wasatage of resources.

 

China is known to be the largest hub of cryptocurrency mining with huge mining rigs been set up in the country. Earlier, China has also banned small investors to invest in security token offerings or STOs and only large investors with more than $1 million funds are allowed to invest in such projects. Now, the country is planning to take strict action against cryptocurrency miners in the country.

 

Cryptocurrency miners were earlier attracted to China due to their cheap electricity rates and subsidies in the country, however, due to the strict actions being taken by the government with the guidelines of the NDRC which has disincentivized cryptocurrency mining, a lot of miners have shut down their operations or moved to other nations.

 

Largest Mining Pools in China:

China has been a hub for some of the largest cryptocurrency mining polls. Even though the mining pools have been shifting to other countries, there has been some effect of the ban on the market for bitcoin and other cryptocurrencies as the mining is a major part of the overall working of cryptocurrencies.

 

How do you think the complete ban on cryptocurrency mining in China will effect the bitcoin price? Tell us in the comments section below.

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