Many people are now looking for ways to buy or sell bitcoins, but it’s not as easy nowadays as one might think. Check bitcoins code auto-trading robot to get a piece of detailed information about bitcoin trading.
Not every exchange accepts fiat currencies, which means you might need to go through an additional verification process. The fees are also different from broker to broker, and they differ depending on the payment method. So here comes the solution – an android device with a bitcoin wallet.
Four ways why android smartphones are more convenient for bitcoin trading:
1. Low transaction fees
Although the transaction fee varies from exchange to exchange, it’s usually not higher than 0.2-0.6%. As a result, many businesses are now trying to offer lower prices or even free services for small transactions. However, if you make a lot of transactions every day, this might be an additional expense for you.
There are some advantages to using a bitcoin wallet on your smartphone. One of the most important is that you don’t depend on a third party instead of an exchange or other services. On the other hand, many businesses try to make things easier for their users. For example, they offer helpful features such as API integrations, which means that you can set up your smartphone to perform specific actions whenever a transaction is made.
2. Convenience of using the same wallet on multiple devices
It’s very convenient to use one bitcoin wallet on various devices as it allows you to check and manage your funds from any place you want, as long as there is an Internet connection. Many bitcoin wallet apps are available on the Google Play store so that you can use your smartphone for this purpose.
A considerable advantage of using an Android device is that it’s more secure than any other OS – Windows, iOS, or Linux. In addition, it’s easier to keep your funds safe if you have an antivirus app installed, and while one might think it isn’t essential, it makes a difference when you keep your bitcoins in one place.
3. Support for a lot of payment methods
The best thing about using a bitcoin wallet on your Android smartphone is that you can choose from a wide range of different payment options, including fiat currencies such as USD and EUR and local payments such as PayPal or gift cards.
It’s essential to find a bitcoin wallet that supports your native currency and allows you to perform transactions with ease. However, some wallets, such as Coinbase, work only with a few coins, so it’s always good to do additional research before deciding which wallet is the best for you or what your preferred wallet supports payment methods.
4. Protection from hackers and other attacks
It’s much easier to protect your funds if you use a bitcoin wallet on an Android device. Some exchanges get hacked from time to time, and the users lose all the bitcoins they’ve stored there. This isn’t a problem if you use a mobile app because you keep your private keys under control instead of leaving them at someone else’s server.
Having an antivirus app for your smartphone can help you avoid malware or other viruses designed to steal bitcoins from users’ wallets, so you should install it as soon as possible after getting a new Android device.
2 Ways how android smartphones affect the bitcoin market
1. Android smartphones are affordable, which benefits users with limited budgets
It’s also beneficial for those users who prefer to see the market rise and fall before making any moves on it. If you have an Android smartphone, you can easily track market trends and decide whether or not it’s the right time for investing in bitcoin.
2. Android smartphones are easy to use
It doesn’t matter if you’re entirely new to cryptocurrencies or have enough experience. Using a smartphone is much easier than using a PC or laptop. Generally speaking, smartphones are smaller and more convenient to use, especially for bitcoin wallet apps on Android.
Android smartphones are very beneficial to the bitcoin market because it’s easier to use them for investments. They also offer excellent protection against all types of attacks, so you can say that they’re more secure than other devices. While any Internet-connected device poses a risk if it gets hacked, using an Android smartphone is safer than purchasing bitcoins directly from an exchange.