Back in the day, Smartphones were as good as only checking your emails. Then comes applications, and now we cannot do anything without our smartphones.
Whether it’s using social media or purchasing products online, smartphones offer a convenient way to do so.
In fact, if you want to invest in Bitcoin, there is an app for that too.
Today, smartphones are everything. It opens gates to all kinds of services which you can avail at the comfort of your home. We already know that smartphone applications help users omit all the complicated processes.
But, can it really do for Bitcoin trading? Let’s find out!
What Is A Mobile Bitcoin Trading Application?
Before we start, let’s first understand what A Bitcoin trading application is all about. A Bitcoin trading application is a Bitcoin trading platform. The only difference it has from the first generation Bitcoin trading platform is that it is a mobile application.
Just like you have a Facebook application where you can create and share social media posts. A Mobile Bitcoin trading platform is a mobile application where you can buy, sell and trade Bitcoin and other Cryptocurrencies.
We all know how the app optimization industry has improved the user’s experience. Now, you don’t have to take out time to see what is happening in the global Crypto market on your desktop. Instead, you can simply have the Bitcoin trading application on your smartphone and never feel detached from the trading market.
Benefits Of Bitcoin Trading Application
Considering the fact that how far app technology has come over the past years, it is no surprise that people are turning towards apps for every solution.
So, keeping the smartphones in mind, here we go to see how using Bitcoin trading applications can benefit Investors and traders.
1. Ease Of Placing Your Orders
One of the challenging tasks on the web-based Bitcoin trading platform is to place your orders. For instance, You might not be in the mood of trading today, but find out that Bitcoin has reached the lowest curve (best time to invest).
You changed your mind and decided to enter the market. But, by the time you opened your computer and completed the investing process, the price had gone high. This really is depressing!
However, with the Bitcoin trading app like the bitcoin era, you can save all your information on the application, and when the market is right, you can enter it with just a single click.
2. Live Market Data
One of the features that make the Bitcoin mobile trading application better than the web platform is that you get access to the live market data. Mobile trading platforms facilitate live market data where it shows information of shares, currencies, and commodities.
The exciting portfolio that you wish to invest in can easily be reviewed in your mobile application, giving the investors all the data they need to invest.
3. Access Market Chart Analysis
Several Bitcoin trading platforms come with market chart analysis that compares the price fluctuation of the different assets. These charges can be used to find the right portfolio to invest in.
4. Notification Facility
One of the cool things we like about the mobile application is the notification feature. The notification feature allows us to know what is happening with the application.
Mobile trading applications do have notification features and keep the traders and investors updated about every change in the Bitcoin trading industry.
5. Access To Daily Bitcoin News
Most of the trading decisions we take are influenced by the daily news on what is happening in the industry. With the help of mobile trading applications, users can track live news on the Bitcoin trading industry.
6. Access to Market Reports
Market reports are the only documents that help us understand the performance of the trading market. Although the traditional platform does offer these reports, the Bitcoin mobile trading platform does it more efficiently.
With just a single click, you can access all the market reports generated by the respective brokerage houses.
7. Allow You Trade From Anywhere
Finally, you are free to trade from anywhere!
Forget about sticking yourself to the chair at the computer. With the Mobile trading application, you can invest using your smartphone. That means, whether you are traveling, in the office, or spending precious time with your family, you can access the trading market and start investing with just a single click.
Limitations To Know
Despite bringing so many benefits to the table, why do people still prefer web-based trading platforms? It is because of how limited you become on Mobile trading applications.
- You are restricted from accessing some of the advanced avenues of trading platforms.
- Small screen size can be a big drawback for the users.
- Mobile connectivity needs to be disruption-free.
Overall, Bitcoin trading applications do solve some of the modern problems of the current trading industry but also come with a certain limitation.
Now it is up to you to decide which works best for you.