Cryptocurrency

Published on August 28th, 2019 | by Bibhuranjan

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The Best Bitcoin Apps Of 2019

Bitcoin remains on the front burner of debates and discussions surrounding technology and finance. The currency offers an alternative to the centralized government regulated currencies. Experts argue that digital currencies offer easier, safer, and better privacy than traditional currencies. Due to the growth in value of Bitcoin, it has become an investment opportunity for many.

However, there are risks involved in investing in Bitcoin. So, it is important to understand these risks and how to manage them. Over the next few years, we could witness another surge in the value of Bitcoin, but it could also drop over the same period. It is advisable to invest what you can afford to lose should the Bitcoin market crash. If you are serious about investing in Bitcoin, then you must have all the tools that will help you store and manage your digital assets. In this article, we are going to discuss the best Bitcoin apps in 2019 including wallets, portfolios, exchanges, and others.

Coinbase

Coinbase offers one of the easiest ways to purchase, sell and store cryptocurrencies, which makes it one of the most popular wallets in the world. Coinbase allows users to connect to your bank account easily and make transfers in or out of your currency wallet. Coinbase currently supports Bitcoin Cash, Litecoin, and Ethereum. However, there are rumours that additional currencies like Ripple will be added to the list of supported currencies on Coinbase.

While the main positive of Coinbase is its ease of use, the negative is that some users worry about the security of the app. But the company frequently updates its security so all should be fine.

Electrum

Electrum is a Bitcoin wallet app, which means that your digital assets are stored in a set of files located on your desktop or laptop computer. The app is currently available on popular operating systems Windows, Mac OS X, Android, and Linux. Electrum has some flexibility as it can be compatible with some physical wallets compared to relying on just hardware wallets like Trezor.

The huge benefit that Electrum offers is that it is easy to get it running and store your digital assets on your computer. The downside is that you could lose your coins if your computer crashes, gets hacked or stolen. However, the app features a recovery process that allows you to create a cold storage with handwritten or printed keys.

Trezor

Trezor is not similar to platforms like Coinbase where you can buy and sell, but it does offer a reliable method of storing your Bitcoin. Trezor is a wallet that supports multiple currencies and also works as a password manager – a two-factor authentication device with other features.

Trezor offers solid protection against lost devices or passwords, but you must try as much as possible to prevent that from happening. The concept of having a wallet like Trezor is to protect your digital assets from getting stolen.

CoinATMRader

While many are still in the dark when it comes to Bitcoin and how it works, others simply have many questions and one of such questions they often ask is how an individual can purchase and sell the digital currency. Many online retailers and websites are beginning to accept Bitcoins as a method of payment, but knowing where the currency is accepted has proven to be a huge challenge. This is where CoinATMRader comes in. The app enables users to find businesses in a particular area that can purchase and sell Bitcoin. With the use of this app, users will be able to find businesses that have Bitcoin ATMs. To learn more about Bitcoin ATMs, visit Satoshipoint.io

Crypto Pro

If you are looking for an app that can keep you updated with the latest on cryptocurrency prices, Crypto Pro is that app to have. The app allows you to set up your portfolio to include all the cryptocurrencies that you want to keep an eye on or to monitor your coins.

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About the Author

Bibhuranjan

Editorial Officer, technofaq.org I'm an avid tech enthusiast at heart. I like to mug up on new and exciting developments on science and tech and have a deep love for PC gaming. Other hobbies include writing blog posts, music and DIY projects.



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