If you’ve been following the world of cryptocurrency trading for a while, you must know that several apps have cropped up in the past few years. These apps help users trade cryptos (and sometimes even fiat currencies), monitor prices, create alerts, and stay updated with real-time market news.
This article will explain how cryptocurrency trading app makes money and why professional market analysts are not always a good source of advice when it comes to making money from trading. If you’re new to this subject or just need a refresher, read on to learn everything about cryptocurrency trading apps.
Cryptocurrency Trading App: How Does It Generate Revenue?
As an increasing number of people trade digital coins and tokens, the need for specialized apps grows. Because these are early days and most investors are still learning how to trade cryptocurrency, there aren’t a lot of great options. There are some good ones, but many either have small user bases or they’re limited in scope. If you want to get involved in crypto investing and trading, you’ll probably need to look beyond the standard offerings. Fortunately, that is also where things get interesting. Even though a lot of app developers haven’t gotten around to writing about monetization models just yet, there are still some interesting examples out there already. Let’s take a closer look at some of them and what makes them so special.
CoinDesk is the leading media outlet for the crypto community and has a free app for iOS and Android. While the app has more of a news focus than most of the other apps on this list, it still has a very useful trading functionality. The app is also one of the few examples of a paid crypto app that is actually worth the money. The paid version of the app comes with several useful features, including real-time price alerts, a portfolio tracker, and market data. CoinDesk is also one of the few crypto trading apps that offers advanced charting functionality. You can use the app to track more than 2,000 different coins and tokens and even create your own watchlists. The CoinDesk app has been downloaded more than 1 million times and has an excellent rating in both app stores.
One of the best examples of a cryptocurrency app that generates revenue is Crypto Pro for iOS. The standard version of the app is free, but you can upgrade to a paid version for special features. Crypto Pro also offers a paid version for Android. Crypto Pro provides real-time data on more than 4,000 different coins and tokens. The app’s charting functionality is excellent and one of the best examples of charting in a crypto app. The app also has very detailed coin and market analysis and a portfolio tracker that even lets you input external trades. Crypto Pro has been downloaded more than 500,000 times and has a solid 4.5-star rating in the App Store.
Coinbase Pro is one of the largest cryptocurrency exchanges in the world and also happens to have a free app for iOS and Android. The app has more of a focus on the trading functionality and lets you track the price of over 30 different coins and tokens. The app also lets you view and edit your open orders and even place new buy and sell orders right from your mobile device. Coinbase Pro is a fully functional exchange, so you can also use it to sell your coins for fiat money. One thing to note about the Coinbase Pro app is that it does charge fees for trading on the exchange. Since the fee structure changes frequently, be sure to check the app for the latest information. The Coinbase Pro app has been downloaded more than 5 million times and has an overall rating of 4.7 stars in the App Store and Google Play.
Cogent Partners is a new cryptocurrency app for iOS and Android. The app has about 100,000 downloads so far and has a 4.7-star rating in the App Store. Cogent Partners is a bit different than most cryptocurrency apps. It’s a social trading app and lets you follow other traders based on their performance. The app’s functionality is very basic, but it is free to use and lets you track more than 100 coins and tokens. Cogent Partners also lets you track your own portfolio and even connects with the Coinbase exchange to import your trades. Cogent Partners’ main monetization model comes from encouraging traders to pay a subscription fee to connect with more traders, gain more tools, and receive more detailed analysis.
Coincide is a cryptocurrency and blockchain app for iOS and Android. It also happens to be one of the simplest apps for tracking coins and tokens. The app is also available as a web app, so you can access it from almost any device. Coincide lets you track the price and market cap of more than 2,500 cryptocurrencies and lets you set price alerts for any coin you want to track. The app also has a newsfeed for keeping up with the latest developments in the cryptocurrency world. Coincide does not have a paid version, but it does have ads in the app. The ads are fairly unobtrusive and shouldn’t bother most users unless you are on an ad-blocking browser.
Crypto Briefing is another example of a paid cryptocurrency app that generates revenue. Unlike the other apps on this list, Crypto Briefing is available both as an app and as a web app. The app is available for iOS and Android and also has a paid web version. Crypto Briefing is a well-designed app that focuses on real-time market data and coin and token analysis. The app lets you track more than 2,000 different coins and tokens and also has a portfolio tracker. Crypto Briefing also offers a daily newsfeed, market analysis reports, and alerts for when conditions change in the market. Crypto Briefing costs $19.99 per month or $199.99 per year. If you are looking for a paid crypto app, this one should definitely be at the top of your list.
Cryptocurrency trading apps are usually free, but some of them make money by offering in-app purchases and paid subscription plans. The best cryptocurrency trading apps provide detailed information and useful tools for keeping track of your portfolio. They also let you track the price of different coins and tokens and even place buy and sell orders. If you’re interested in getting into the cryptocurrency trading space, make sure to check out the reviews for different apps before deciding which one to use.