- The Kraken app offers a crypto exchange that’s very good for beginners with its intuitive design.
- Coinbase has had a good year, becoming the first crypto exchange to get an IPO when it was listed on the NASDAQ in April
- Binance is considered a platform catered towards the more advanced trader. That being said, the app version of the Binance exchange is much more clean than the web version
Australia has taken a fairly inclusive approach to the rapidly emerging crypto industry.
The Australian government has taken a very proactive approach to the changes cryptocurrency has brought about in the finance sector. A recent senate enquiry into the crypto space produced a list of recommendations to banks on how they should deal with regulations in the industry.
This suggests the government sees the crypto space as a long term Industry, which will create vastly increased employment in the future.
As Australian Minister of Financial Services, Jane Hume, said earlier this year, crypto is no passing fad.
As everyday Aussies scramble to get involved in everything crypto related, the question of which apps to use remains paramount.
Here are four of the best apps for Aussies in the crypto space.
Kraken is a US company with a branch available in Australia.
The Kraken app offers a crypto exchange that’s very good for beginners with its intuitive design.
It uses Australian dollars as fiat currency which makes it easier for Australians to navigate and monitor prices.
For more experienced traders, Kraken Pro is a more advanced app and offers more advanced options, like margin trading.
Both of these are available on iOS and Android devices.
Coinbase Australia App
Coinbase is probably the best known crypto trading app. Coinbase has had a good year, becoming the first crypto exchange to get an IPO when it was listed on the NASDAQ in April.
The app itself has one of the most clean interfaces, which helps enormously when dealing with a bunch of numbers and charts.
It’s a simple to use app and makes buying and selling crypto very easy on the mobile app.
Furthermore, it provides information on the different cryptos on the app as well as news related to those cryptos.
The thing that makes Binance’s exchange stand out, is the wide variety of coins the platform offers.
While Kraken and Coinbase are good platforms for beginners, Binance is considered a platform catered towards the more advanced trader. That being said, the app version of the Binance exchange is much more clean than the web version.
Binance also supports the Aussie dollar as well as other international currencies, including the US dollar.
There’s another app called Binance Academy, which is more of an educational app, which provides information about the various cryptocurrencies as well as general knowledge about everything blockchain-related.
This is a great tool for crypto investors and traders, which offers up to date prices and other data related to thousands of different tokens.
Users of the app can set alerts for when a coin hits a certain price and users can browse all the latest and breaking news pertinent to the crypto space.
The Bottom Line
If you want to get good at something, it’s important to have the right tools. The crypto space is no exception and the right apps can literally be the difference between success and failure.
These are just four of the more major crypto apps available on the market. Do some extra research and see which apps are right for you.