Do you have a business in the trading or related fintech segment? You definitely have a chance of success! According to statistics, the online trading market has grown several times over the past three years. The crisis, coronavirus pandemic, war, and other negative factors should have slowed down the development of this sphere. But just the opposite happened. Some people lost their jobs, some just wanted to change their field of activity, and some finally had time to pay as much attention to their hobby as their main job. Because people were locked in their homes in 2020, online trading showed incredible growth rates. And now, you can find many cryptocurrency trading apps on the market that help traders mine cryptocurrency without leaving home.
We decided to explore this topic in our article and tell you why apps in this area are so popular and how you can use them.
Why do traders need apps?
Let’s break it down for you. What are the benefits of crypto trading software? We found at least the following advantages:
- No place binding.
The application is your freedom of action and movement. You can take your work to a restaurant, a country house, or even another continent. This expands your opportunities and allows you to continue earning money and living your life at the same time. In addition, you do not need to go to the office. After all, only some are delighted with the idea of spending 8-10 hours a day in the office, unable to do their own business during the day.
- The accelerated pace of operations and reduced workload on the person.
If you look at examples of the best crypto trading software, you will see that the list of their functions is far from just access to cryptocurrency exchanges 24/7. Such software will expand the possibilities of automating several processes. For example, a person no longer needs to calculate the prospects of certain transactions manually: press a couple of buttons, and the application will do everything automatically. In addition, truly modern offers involve artificial intelligence tools to select, process, and sort data and offer that may be of interest to a trader.
- The risk of mistakes is reduced.
This is also influenced by automation and artificial intelligence. First, no one has canceled the human factor: sometimes, one inattentive mistake can cost a trader thousands of dollars. The app can help prevent such a sad ending. In addition, the data sets that a computer can process are much larger than the data that a person can process manually. And the larger the sample of information, the more accurate the application’s forecast will make.
- Customizable notifications.
A person can set up a particular algorithm by which the software will search for offers on the network. When a deal that fits the parameters appears on the market, the application will instantly notify the client. Given that the application is installed on a mobile phone, and people almost always take a smartphone with them, the deal can be made in a matter of minutes.
- Increased security level.
It all depends on the specifics of your business, but in general, security in cryptocurrency is no less important than, for example, in banks. After all, we are talking, firstly, about significant amounts of money and, secondly, often about important information about buyers and sellers. The best trading apps for crypto must have increased security. Authorization occurs only after two-factor authentication, and such applications’ interfaces are maximally protected from hacking and malicious actions of a different nature.
What are the popular apps for traders and brokers?
What examples of the best software for crypto trading on the market?
At least these:
- 3Commas
- Pionex
- NAGA
- Binance
- Bitstamp and others
These and some other services share the leading market. What is the difference between them? First, the difference is in the specific list of features these applications offer. Some are designed only for cryptocurrency trading, while others are more flexible and allow you to buy and sell securities, stocks, and other assets. Others focus on 24/7 trader support, lower fees, deposit amounts, different payment types, and the ability to link different payment systems.
For example, NAGA gives a large selection of cryptocurrencies that can be traded – more than forty types. Also, the application is suitable for not the most experienced traders and helps to develop skills in this area.
Pionex is a great application that offers deeply developed automatic trading features. It is also crucial that it is a cross-platform application, which means that users can use it from different devices.
Bitstamp is an application that impresses with its experience because it has existed since 2011 and is one of the oldest in this field. It is suitable for both beginners and experienced traders and has both a mobile version for Android and iOS, as well as a web version.
Thus, each application has its peculiarities. Which one to choose depends only on the needs of a particular trader and the area on which he would like to concentrate.
How to create your service for trading?
If you have a business in the field of cryptocurrency trading, you definitely need your application. We described the advantages of apps earlier in this article, so in this section, we want to talk about what exactly should be in your app if you want to be convenient and competitive. We approach this issue from the developers’ point of view because experienced brokers often know what features they need but do not know the basics of development, so their apps remain unsuccessful.
So, it is worth paying attention to the following:
- The user path. Design research will help you understand the sequence in which the screens should go. All actions and user flow of the entire application must be logical and understandable, and the user can easily return to the main page.
- Reaction speed. In 2023, waiting for a button to respond for more than 2 seconds is already bad form. The world now works and thinks very fast, so your app should load quickly, work, and perform targeted actions.
- Tools. The more personalized the settings are, the better. It is also worth involving artificial intelligence and machine learning capabilities to make the application a reliable assistant to cryptocurrency traders.
In addition, remember why you are doing this at all. Namely, to be a modern service that helps customers, not vice versa. This will allow you to be popular and, at the same time, earn significant funds.
Who will help you develop the application?
You can always contact Fintatech. We provide development services and specialize in the fintech segment and software for traders and brokers. Our team has extensive experience, and thanks to our Trading Platform Designer, you can create the application you need quickly and customize it.
To learn more, sign up for a consultation. Our manager will set a convenient time, and we will be able to meet and discuss the details of your project.
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