Tag Archives: Cryptocurrency Exchange

Best Apps for Trading Crypto in 2021

Cryptocurrency is far more a novel concept in the fintech market. Its high volatility rate is only attracting more and more people to invest in coins. More crypto trading apps are coming forth to make digital currency accessible to the masses with this increase in interest.

While many traders prefer using brokers to assist them in trading, a significant chunk is shifting to using cryptocurrency exchange apps to do the deed themselves.

This article is a one-stop guide to help you shortlist the best app for trading crypto in 2021. 

Cryptocurrency Exchange App

Cryptocurrency exchange apps enable quick and easy access to several coins available for trading. The apps facilitate people in buying, selling or trading currencies on the go without the hassle of mining cryptos on laptops. Cryptocurrency exchange apps enable an easy transition to the world of digital money.

Best Cryptocurrency Exchange

Best Apps for Trading Cryptocurrencies in 2021

Coinbase

Coinbase is one of the best apps for trading cryptocurrencies. Its advanced trading platform, diverse range of products to facilitate trading, and straightforward user-interface offer premium services for new and seasoned traders. 

You can trade almost as many as 25 cryptocurrencies on Coinbase.

Binance

Binance offers as many as 59 currencies to trade with a nominal transaction fee. It is one of the popular choices among investors because of the large variety of coins available for investing and trading pairs. Its unique commission structure and volume-based pricing model attracts a lot of budding traders to the platform. It also allows crypto-to-crypto trading that simplifies exchange for those who would not want to cash out before investing in another coin. Besides having an integrated online wallet, Binance is also one of the best apps to deal with Altcoins.

Robinhood

Robinhood has been one of the exchange apps in the market for a while now. It gained popularity among traders for providing free stock, options and ETF. It also offers free cryptocurrency trades. One of the perks of using Robinhood is that there is no account minimum, and the app provides a streamlined interface for straightforward use. You can also customise alters, and news feeds to stay on top of the changing market trends.

eToro

eToro boasts over 17 million users all over the globe. It offers a graphics-intensive platform to trade in cryptocurrency with ease. eToro is also one of the best apps to discover emerging cryptocurrencies and have a chance to invest in them at an early stage. It also offers an excellent community for cryptocurrency investors. On eToro, users can see what others are doing on the platform and get a chance to replicate their trusted moves or trades to yield better profits. 

Yuan Pay Group

For traders who don’t wish to gather extensive knowledge before getting into the game of cryptocurrencies, the Yuan Pay Group software offers users a robust and automated trading tool. The software uses an advanced algorithm that conducts thorough market analysis to offer potentially lucrative investment opportunities. The Yuan Pay Group users can also select how much autonomy they wish to give the software and adapt it to fit their skill set.

In Conclusion

As the buzz of cryptocurrency only gets more robust, more and more user-friendly apps are emerging to give a flawless and straightforward trading experience.

Such exchange apps also attract more people to join the network and experience the world of digital money without worrying about transaction rates or governments centralising the currency.

How to Cash out Large Amounts of Bitcoin?

Over the past couple of years, cryptocurrencies have gained immense popularity among the masses. Cryptocurrencies like Bitcoin offer a modern and technologically advanced medium for investment. Moreover, the possibility of storing digital money without a third-party intervention attracts more and more investors each day. 

Moreover, auto-trading software like News Spy is increasingly making it simpler to earn profits with minimal efforts. News Spy uses intuitive features like Virtual Private Server technology to generate signals indicating best investing opportunities. It is a secure and profit-earning platform to invest in cryptocurrencies without researching in-depth market trends.

On the other hand, people eager enough to participate in the Bitcoin blockchain upon its arrival in the market are now minting money. The volatility in the market shoots the value of the currencies, thereby making investors want to exchange them for fiat currencies. As the value of Bitcoin amounts to nearly 60,000 USD per coin net worth, cashing out large amounts of Bitcoin is becoming a more researched option. 

If you’re looking forward to cashing out large amounts of Bitcoin, this article will detail all the basics of cashing out and the viable options at your disposal.

What is Cashing out?

While many investors consider Bitcoin for storing digital money or trading it for goods and services, a few also opt for cash out. The process of exchanging cryptocurrency for fiat currency like US Dollar, Euro Pound, etc., is cashing out. 

Some many platforms and companies assist people in cashing out large amounts of Bitcoin. However, every investor looking forward to cashing out their cryptocurrencies should only use reliable mediums for this process.

Best Options to Cash out

There are a few ways to cash out large amounts of Bitcoin to suit different preferences, legal advice, and the value that an individual might like to convert. Some of the best options are:

Best Cryptocurrency Exchange

Cryptocurrency Exchange

A cryptocurrency exchange is arguably the most commonly used platform to purchase and sell digital money for traditional currency. However, the cash withdrawal process may vary for each exchange and the BTC to USD, or INR rates can also be different. 

To cash out through cryptocurrency exchange, you have to connect your bank account to the platform and begin the process. However, converting to fiat through an exchange also comes with a fee.

Over-the-Counter Service

Over-the-Counter Trading Service (OTC) is one of the go-to options to cash out large amounts of Bitcoin. The platform connects buyers and sellers of digital currency based on their required conditions. Since the trade is directly between the interested parties, there are no withdrawal limits. It is also beneficial to use this method because the sale is not publicised, thereby not affecting the market.

Peer-to-Peer

As the name suggests, you sell Bitcoin to someone whom you know and trust. It does not involve a broker to help conduct the sale and purchase. Peer-to-peer exchanges allow individuals to trade their crypto assets on their terms. It is a viable method for those looking to convert their digital money into fiat quickly. However, this is a risky way to cash out large amounts of Bitcoin. 

Back Alley Trading

While back-alley trading may attract many beginners to save fees and evade taxes, it is one of the least recommended ways of cashing out Bitcoin. Trading with unlicensed vendors can pose a serious threat to your digital money and standing investment.

In Conclusion

As the net worth of Bitcoin continues to stay volatile, cashing out might seem like an excellent approach to get a hold of all the accumulated profit.

However, the process of converting cryptocurrency into fiat might bring a few complications if you’re not too careful. Therefore, investors must evaluate the best ways to cash out Bitcoin based on their requirements and convenience.