Best Crypto Trading Apps for Beginners

Investment and money in cryptocurrency are a huge thing nowadays. Everywhere in the world one is saving, trading and increasing their money in it. It is even more popular in Nigeria, as a result of increased cases of people believing that it can secure their money against inflation and the upsurge in nature of the dollar. Others use it to get quick profit and others use it as a kind of savings.

However, one of the first things you must have, especially when you are a beginner, is the suitable trading application. The application is your market place. It is the instrument that helps you purchase and sell your coins, store and even understand how the trading opportunity works. It is highly important to select an adequate app as a beginner since not every app is simple and secure to use.

As an amateur, a decent crypto app should possess the following qualities: non-complex, understandable and safe. It must also enable people to deposit Naira without undue stress as well. There should also be an easy way to withdraw money since a large number of Nigerians require easy access to cash.

Besides this, effective customer support is highly desirable as an initial user might have numerous questions. Practice tutorials and guides are also offered in some applications and make them easier to learn. All this put into perspective, let us be a look at some of the top picks in crypto trading apps that are best suited to beginners, particularly in Nigeria.

Binance is one of the most popular apps on the globe. It also enjoys wide use in Nigeria. Attractive to novices Closely held by newcomers is that Binance has two alternatives. A basic one is available to novice traders and a sophisticated one to professionals. This enables it to be malleable and new user friendly. The Nigerians also love Binance since it has a peer-to-peer (P2P) market. That is, you would be able to purchase crypto out of other Nigerians in Naira. Additionally, binance is very coin friendly and therefore you are spoiled with options. It is easy to get bewildered upon entering P2P market but when you know how to choose reputable sellers, that becomes very easy.

An additional newbie-friendly app is Luno. Luno has been around Nigeria for a long time and many did in fact begin their crypto experience there. It is easy, straightforward and extremely usable. You may use your debit card to save Naira and buy coins. Luno also uses a secure wallet in which to store your crypto. One of the unique might include the feature known as the Earn that enables one to earn interest when he/she saves his/her coins over time. The only disadvantage is that Luno has fewer coins than Binance, although it is not a rather problematic aspect in the case of beginners. Actually, fewer options may help you to avoid confusion and you are simply learning.

Another very good app is Quidax, and it has been developed in Africa and geared towards Nigerians. Since it is local it directly supports Naira deposits and the withdrawals are easy. Its design is simple, thus it will not be confusing even when you are new. You can purchase big coins such as Bitcoins and Ethereum, as well as, smaller coins on Quidax. It is very direct and very safe, and good when a person is beginning small although there are not as many features as international apps.

Paxful is also another good choice especially to those who require flexibility. Paxful is largely a peer-to-peer platform on which buyers and sellers get to trade Bitcoin. Among Nigerians, it is very popular as it accepts a vast number of methods of payments. You can order using bank transfer and mobile money, PayPal, even gift cards. This is convenient to individuals who do not necessarily prefer the normal card way. The application is easily understandable and usable but it contains Bitcoin as its primary feature. In case you like to trade lots of different types of coins, you may require additional app besides Paxful.

The Coinbase is also among the most recognized crypto applications worldwide. In the United States, it is extremely developed, being also used by Nigerians. New users are fond of Coinbase due to the simplicity of design. It also provides free tutorials educating you on crypto, and in some cases they even give you free tiny coins just because you choose to learn. Coinbase is highly secure and safe which makes it the right place to start when a new user feels concerned about the security aspects. The only downside is that it is not yet fully supportive of direct Naira deposits and so Nigerians might require the use of P2P or alternative delivery method to deposit crypto within the app.

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Users also want to know about another major application, Trust Wallet. The Trust Wallet cannot be called a trading application and is more of a crypto wallet, still, some buying and selling are possible. This is why a beginner likes a wallet such as Trust Wallet as it lets you have your coins under complete control. You have your own keys and it follows it was only you who would have access to your money. It has thousands of coins supported and you can lend crypto to it as well. It also has direct coin purchasing feature within the app. That said, however, being primarily a wallet, a lot of people use it along with other apps such as Binance to trade.

Another African made app is named Bundle Africa. It is highly user-friendly and almost similar to a social media application. Nigerians admire it because it is fast to deposit money by means of a bank transfer, and it is easy to withdraw as well. The layout is easy and bright; it does not look intimidating. One of the new things it has that is cool is that you can also send crypto to your friends, sort of just like sending money on WhatsApp. It assists in big coins as well as lesser coins. It is an entertaining and simple method of entry even to a beginner.

During selection among these apps, newcomers in Nigeria will also have to know how to be secure. The first thing is that one should not have the ambitious goal of starting big. Do not place all your money at a time since the market is risky. Learn quickly by beginning with a few at a time until you are sure of how trading is performed. Second, regardless of P2P use, you are never to select unverified traders with low ratings, thus, not to be scammed. It is also security. Alway set a strong password and enable two-factor authentication. Unless you see the need, there is no point in going after too many coins in the initial stages. Put emphasis on the favorites and the reliable ones such as Bitcoin and Ethereum. And above all, allow learning time.

To sum up, crypto trading is an excellent investment, trade, and saving option by Nigerians. However, the application is highly crucial to the beginners. Binance, Luno, Quidax, Paxful, coinbase, trust wallet and bundle are some of the apps that offer secure and easy platforms. All these possess their advantages and minor flaws, yet all of them are decent beginner recommendations to find anyone in Nigeria. The ideal thing to do is to select one or two, begin at a low pace and gain confidence. With time you will be able to determine which is more appropriate to your style. Being new to crypto trading is no longer an obstacle because patience, security, and the application can make any novice grow successfully.