As of February 2021, more than 80 cryptocurrency wallets were available on the market.
This shows an overwhelming number of wallets to choose from when you’re starting out in the crypto world.
For a beginner, this can be quite confusing and overwhelming.
So, how do you choose the best crypto app for beginners? Here are some factors to consider.
Ease of Use
As a beginner, you probably have limited knowledge about cryptocurrencies and how to use them. Therefore, it’s important to choose a crypto app that is easy to use.
This will make it easier for you to understand and navigate the app, which will help you get started more quickly. You don’t want to be struggling with a complicated app when you’re just starting.
Some crypto apps have “basic” and “advanced” views, which can help make the interface less confusing. If an app has this feature, be sure to use the basic view until you become more familiar with cryptocurrencies and how they work.
Other features that can make an app easier to use include a user-friendly design, helpful tutorials and support, and plain-language explanations.
When choosing the best crypto exchange, security is of the utmost importance. You don’t want your money stolen or lost because of a faulty crypto app.
Make sure to choose an app that has strong security features. These could include two-factor authentication, password recovery options, and encryption technologies.
It’s also important to check the reputation of the crypto app developer. Do some research online to see if any users have had negative experiences with the app or if there have been any security breaches.
If you’re not sure whether an app is safe, ask others in the cryptocurrency community for their opinions. There are many online forums and groups where people can share their experiences with different crypto apps.
All crypto apps charge fees for their services. However, the amount of these fees can vary greatly from app to app.
It’s important to compare the fees charged by different apps before choosing one. Some apps have very high fees for buying crypto, while others are more reasonable.
Be sure to read the terms and conditions of each app carefully so that you know what you’re paying for.
Also, be aware that some apps charge additional fees for certain transactions. For example, some apps may charge a fee when you withdraw your money from the app to your bank account.
Not all crypto apps offer the same cryptocurrencies. Some only offer a limited number of coins, while others have a wide variety of options.
If you’re looking to invest in specific cryptocurrencies, it’s important to choose an app that offers those currencies. Otherwise, you’ll be restricted to investing in only the coins that the app offers.
Ability to Track Prices
As a beginner, it’s important to track the prices of cryptocurrencies so that you can make informed investment decisions.
Not all crypto apps offer this ability. Some only provide basic information about the coins, such as their name and current value.
Others provide more detailed information, including historical data and price graphs. Be sure to choose an app that provides you with the information you need to make informed decisions.
Check out this app if you want to track the live Stellar price.
Choose the Best Crypto App for Beginners
These are some of the factors you should consider when choosing the best crypto app for beginners. By taking these into account, you’ll be able to find an app that is easy to use and fits your needs.
If you’re interested in learning more about cryptocurrencies, be sure to check out our other articles on the topic. We have plenty of information to help you trade crypto.