If you’re new to the cryptocurrency world, you might be wondering what apps you need to install on your phone. Well, don’t worry, we’ve got you covered! In this blog post, we will discuss the 3 types of apps every crypto user needs.
These apps will help you stay up-to-date on the latest news and trends in the cryptocurrency world, as well as manage your investments securely. So, without further ado, let’s get started!
#1 – Exchange App
The first type of app every crypto user needs is an exchange app. Exchange apps allow you to buy, sell, and trade cryptocurrencies directly from your phone. Some of the most popular exchange apps include Coinbase, Binance, and Kucoin.
No matter which exchange you choose, make sure to download the official app from the App Store or Google Play. Many fake exchange apps could steal your personal information or funds, so it is important to be careful when downloading any crypto-related app.
#2 – Wallets
Storing your crypto on an exchange is generally not recommended. As the saying goes, “not your keys, not your crypto”. This is because exchanges are centralized and therefore vulnerable to hacking. If an exchange is hacked, there is a risk that your funds could be stolen.
For this reason, it is important to store your crypto in a wallet. A crypto wallet is software that allows you to store, send, and receive cryptocurrencies.
There are many different types of wallets, but the most important thing is to choose a wallet that is compatible with the cryptocurrency you want to store. For example, if you want to store Bitcoin, you will need a Bitcoin wallet.
Popular mobile wallet apps include Linen wallet and Trust wallet. You can also opt for desktop applications such as Metamask.
#3 – Cryptocurrency Price Tracker
Now that you have the proper tools for the trade as well as a safe way to store your crypto, the next thing you need is a way to monitor the market. After all, what good is investing if you don’t know what’s going on? That’s where an app like Moonrig.io comes in.
By incorporating your wallet’s data (without having to share your private keys) into the software, Moonrig.io gives you a complete overview of your portfolio as well as the ability to set up price alerts.
This way, you can be sure to never miss a beat in the market, all while still maintaining complete custody of your crypto. By simply setting a price alert system for digital assets, you can make more intelligent market moves.
Final Thoughts
By being able to monitor crypto in real time, buy and sell your digital assets freely and sleep with peace of mind knowing that your crypto is safe, you are well on your way to becoming a power user in the space.
