Over half of the world’s population now have access to the internet. The evolution and accessibility of smart phones are major contributing factors to the rapid connection in developing nations. Now that mobile phones are the dominant avenue for internet access, mobile apps have become increasingly important. In 2018, consumers make decisions on whether to use your product or service based on the quality of your company’s mobile app.
Because of the volatility of the crypto market, traders and investors need to be constantly connected to quickly buy or sell depending on the state of the market. It’s no longer acceptable just to have the online PC trading platform as they lack the convenience of the mobile option. The need for high-quality cryptocurrency trading apps has never been greater than right now, and demand will grow in the future as blockchain technology begins to take over. This article will explore the important functions every mobile trading app should have, as well as mentioning the impending launch of the FinanceX mobile app.
Performance
Most smartphones now run on Android or iOS. Therefore, it’s essential that mobile trading apps are available on both Google Play and the App Store to satisfy customers and make the app easily accessible. The size of the app is very important as the software needs to run smoothly on most breds of smartphone. Developers need to create a high quality application in the lightest way possible to preserve responsiveness and processing speeds to ensure optimum user experience.
Security
Most importantly, mobile trading apps need to be highly secure. Customers can deal with the other issues thrown at them by the new and volatile world of trading cryptocurrency, but a loss of assets due to an unforeseen hack where they bear no fault is devastating. These apps need a security system on par with those of their personal computer. Any security breach could spell the end of a company with many individual’s reputations destroyed. 2FA (Two-Factor Authentication) with Google Authenticator and email, login notifications, Captcha, and cold wallet storage are necessities.
Easy to use
To aid in the mainstream adoption of crytpocurrency, trading app developers need provide an easy to use system with a user friendly interface. A neatly organized and clearly labelled app will attract and maintain many new customers in the crypto market. On the contrary, a trading app lacking clarity and instinct will discourage experienced and inexperienced customers alike and perhaps put them off digital assets completely. Customers will also miss out on opportunites due to the time it takes to figure out how to complete a buy/sell order etc. The color used in the app are also important helping with the clarity aspect.
Real-time updates
Volatility in the crypto market is intense! Charts on mobile trading apps need to reflect that in real-time. The market has an uncanny knack to rise and fall significant percentage points in the matter of seconds. Every second counts in this business. This function will help users make well-informed decisions at the exact time they need to be made optimizing their chances of profiting. Too often trading apps that are slow to update put the mobile user at a major disadvantage in comparison to someone using a computer. Real-time updates even up the playing field.
Full functionality
In addition to meeting some basic functions such as placing orders to buy/sell, withdraw/deposit, more advanced functions should be provided to optimize each users ability to profit as much as possible. Stop-loss and take-profit for example are functions that would set some mobile trading apps miles above the rest. Chart tools are not majorly important as mobile users don’t often use them, they can potentially clutter the interface, and experienced traders can download the trading view app anyway.
Reasonable Costs
If you think every app on your phone is free, you're wrong. Coinigy's phone application allows for a free 30-day trial before asking the user to pay $18.66 a month for a one year registration. The reason for this is the app enables customers to trade on 45 different exchanges all on one app!. To encourage users, some exchanges also reduce transaction fees when using their mobile app. Sounds like a good strategy to increase app downloads and get traders used to the mobile trading experience.
FinanceX exchange mobile app COMING SOON!!!
Establishing interconnected exchanges in Vietnam and Indonesia within the first few months of existence, FinanceX is almost ready to launch our mobile trading app! Although this is still a growing exchange, FinanceX is moving quickly to gain strong footing in Southeast Asia before expanding in to the Asia-Pacific region. In 2019, FinanceX will continue growing our interexchange network adding Thailand, the Philippines, Singapore, Malaysia, Myanmar, and Laos to the list of countries with fiat support.
Stay tuned for the announcement in the coming days and get your smartphones ready!
Conclusion
The amount of options available to crypto traders is more than ever despite the ongoing reality of this bear market. Instead of folding, businesses in cryptocurrency, and especially blockchain technology, have continued to push forward and position themselves to make a run when the market inevitably changes trajectory.
The growing number of mobile options in this increasingly mobile-dominated world, will only spoil customers with greater quality when those who have left the struggling market decide to come back. For those of you who continue to battle through, all the best to you. Blockchain technology is the future and our fortunes will change soon!
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Check out some recent FinanceX articles:
- Wishing The FinanceX Community A Merry Christmas And A Happy New Year!
- Become An Official Member Of FinanceX And SAVE!
- Silkroad Eight’s SET Token Now Available For Trading On FinanceX Exchange
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