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The Corona crisis has technologically brought about a change in the mainstream. Not only is cashless payment becoming increasingly popular when shopping. Blockchain or IOTA’s Tangle are increasingly being used in the development of programs for registering virus-related complaints and the spread of the threat. Changes are also emerging in the crypto world. For example, the interest of many Bitcoin and altcoin investors in crypto apps has been growing for several years. Mobile apps related to digital currencies and the different technologies are becoming increasingly important, and users want to be independent of their desktop PC when accessing wallets, exchange accounts and other offers. Always and everywhere access to the digital wallet?
This is just one advantage of many crypto apps. We take a look at some of the most popular or innovative apps in German-speaking countries for the two most important operating systems, Google Android and Apple iOS. The first thing you notice when looking for good apps is that the selection is now huge. And it will continue to increase due to the increasing demand for a wide range of crypto services.
Not Every App Can be Downloaded for Free
A significant difference between the app offerings is the cost aspect. Some mobile applications are free, others are subject to a fee. Consumer advocates point out that the term “free” allows for interpretation. In models that do not involve one-off or recurring fees, providers will in case of doubt earn money by querying personal data from email address to postal address. Especially in the crypto world, users care about their anonymity. Against the background of increasing government regulation and applicable regulations in the fight against money laundering, you must also legitimize yourself with most crypto exchanges when opening a wallet or account. The data query in Android and iOS apps is therefore not surprising.
What Goals are You Pursuing with your New Crypto Apps?
Given the large selection of apps, you should first define what purpose you want to install a crypto app on your smartphone for. Do you only want to retrieve current rates in real time on the go, or are you interested in the opportunity to buy/sell directly if the rates of your wallet holdings develop in your favor? For a simpler overview, our experts only present apps that are available for both systems. Anyone who constantly keeps an eye on the app market will recognize: There have been dramatic positive changes in the past two to three years alone, so that you are now spoiled for choice, so to speak. We will briefly introduce you to eight of the most popular apps at the moment.
Attention:
In addition to functions and costs, technical requirements for your devices play a major role in particular. Before downloading the applications, especially with older devices, you should check whether your smartphone/tablet PC meets the stated conditions for installing the latest versions!
App No. 1 – Cointracking – our Recommendation
As far as the design of the app is concerned, the developers have refrained from using elaborate designs, as is the case with some competitors. In terms of functionality, however, the application does not have to shy away from comparison with the competition as a tracking app for the crypto sector. The operator offers both a free and a paid premium version. You can import data from numerous international crypto exchanges. A special feature of the app: As a user, you also get access to an instrument for determining tax burdens. In many countries, legal requirements for the taxation of income from trading Bitcoin and Co. are increasing. Here you will receive promising assistance in this matter. The app developed by the Citruslab experts allows a consistently reliable and fast monitoring of crypto portfolios.
It is important to provide all relevant data in real time when it comes to profits and losses of all transactions and trading balances. The app includes more than 4,000 coins and tokens, including not only big names like Bitcoin or Monero, but also Bitshares, Golem or Dogecoin. You can define several fiat currencies as base currencies. Users can display data on the value of individual coins, but also the total portfolio value including possible (missed) profits. Historical data simplifies the analysis of your trading history. An interesting feature is the built-in day/night mode. Data imports from numerous important exchanges such as Kraken, Bitcoin.de, Coinbase, Bitfinex and many others are done in no time at all. Cointracking is one of the few German providers among the crypto apps.
We have subjected the German provider Cointracking to a detailed review. To the review of Cointracking
→ Cointracking at a glance:
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App No. 2: CoinFolio
This popular crypto app is characterized, among other things, by its very simple operation. With the mobile application, you can keep track of the movements of your coin holdings and conveniently check the value of your portfolio. In just a few steps, you can add your digital currencies including the purchase prices to the app and see at any time whether your portfolio is developing positively or negatively. Interesting: The free offer also allows you to set up multiple portfolios, which means that not only individuals have access to the mobile device. All personal data is stored in the local storage. Would you like to stay up to date on all movements of your investments? Then format the app market data so that it is constantly displayed in updated form.
According to the provider, over 2,000 digital assets and thus not only cryptocurrencies are supported. Crypto traders appreciate the individually adjustable price alarms. You can have crypto rates converted directly into a whole range of local fiat currencies from the euro to the Swiss franc to the Japanese yen.
→ Coinfolio at a glance:
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App No. 3 – Delta
The Delta app also supports more than 300 of the most important crypto exchanges worldwide, so that you always have your portfolio under control. There is no lack of self-confidence on the part of the provider, who volubly describes his offer as “The best Bitcoin & cryptocurrency portfolio tracker”. Delta is described by many experts as a particularly high-quality Blockfolio alternative. According to the provider, more than 7,000 cryptocurrencies are available for building the portfolio or adapting it via the mobile application. You can also add countless fiat currencies to the app including corresponding crypto rate information in your local currency.
Interesting features include the extensive watchlists, price alarms, chart analyses and the good selection of important currency criteria such as trading volumes within different periods or the market capitalization of the countless digital currencies. Professional traders can easily manage ten portfolios via the app, although the costs for the Pro version of the Delta app must be pointed out. Synchronizations on up to five different mobile devices are advantageous for users of different smartphones or tablets. In the course of 2020, the Delta developers are planning a comprehensive app expansion and numerous optimizations for even more trading quality.
→ Delta at a glance:
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App No. 4 – Cryptocompare
When it comes to the question of popular crypto apps for iOS and Android, the Cryptocompare application must also be mentioned. The format can be found both on the devices of many beginners and on mobile devices of “old hands” in the crypto industry. The special thing here is the two-pronged approach, as there is also a web-based version in addition to the app for portfolio management. This is suitable for all users who do not want to monitor their investments exclusively from their smartphone. The selection of functions of the app interface proves to be pleasantly diverse. Diagrams exemplify the developments of your wallet contents. A risk analysis tool can offer exciting insights not only for beginners. In many rankings on the topic of crypto management, the Cryptocompare app can be found in one of the top positions.
Thanks to cloud integration, all data for your account is retained at all times. This is once again important for beginners who are worried about possible data loss due to their own mistakes when using the app. The provider currently refers to data on more than 5,700+ coins and over 260,000 digital currency pairs. Worldwide sources provide users with a good market overview at all times. For example, create watchlists for currencies that you want to monitor. Data is obtained from more than 130 exchanges. Details on trading and blockchain technology round off the service. The same applies to information on price trends, instruments for technical analysis and other extras that make it as easy as possible for you to control several different portfolios. You can also find industry news in the app on a daily basis, so that you can quickly create your own market forecasts.
→ Cryptocompare at a glance:
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App No. 5 – Coinstats
The developer of the Coinstats application is also self-confident by describing his own service on portals for portfolio tracking apps for Bitcoin & cryptocurrencies as No. 1 on the market. The service maps more than 3,000 altcoins from the databases of 100+ exchanges. Exchange accounts and wallets can be synchronized very easily in your preferred local currency, so that you can automatically control all accounts with the Coin Stats portfolio alone. This saves you from manually taking over positions and orders. Of course, the app presents all developments in “realtime”. The application promises regular information on new crypto trends and upcoming coin highlights in order to make investment research as easy as possible for you. You can easily sort and filter transactions for numerous digital currencies, whereby you also have access to popular (social media) sources such as Twitter, reddit and the provider pages for coins.
Numerous analysis tools and price tables allow, among other things, the determination of current average prices of different exchanges. Would you like to track certain currencies as favorites? No problem with the Coinstats mobile app. Setting up different portfolios can be done in a few steps. You can also share, exchange and compare your own data with other crypto fans. Crypto alarms allow you to create notifications when certain price marks, price limits or ranges are reached on topics such as trading volume and market capitalizations of various cryptocurrencies. The provider’s guarantee: The app is subject to weekly updates, so that the service is constantly improved and expanded.
→ Coinstats at a glance:
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Conclusion on the Crypto Apps for the Android and iOS Systems:
The summary shows how many different app offers you can choose exactly the variant that best suits your requirements. Again and again you come across parallels, whereby the differences in the services must not be disregarded. Especially the differences are reason enough for many users to install several crypto apps on their smartphone. Whether paid offers are worthwhile for you depends not least on the extent of your crypto engagement. Those who only rarely carry out transactions may be content with free offers. The more demanding you want to speculate and the more often you want to participate in market developments, the more likely it is that fee-based applications will pay off in the truest sense of the word.
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