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Today’s traders have a variety of cryptocurrency applications available, and they all have different functions. Cryptocurrency trading through popular apps is more often conducted on cryptocurrency exchanges. But many brokerage companies have cryptocurrencies as part of their list of investment instruments. Some apps even allow you to earn passive income from your cryptocurrency investments. In this section, we will discuss the features to consider when choosing a cryptocurrency trading app.

1. jurisdiction.
   Jurisdiction here refers to the terms associated with using a particular crypto app in your country or city. Before you start using it, you need to make sure that the chosen app supports your country and city, otherwise you won’t be able to use it for trading.
2. Ease of use
   The interface requirement of the program depends a lot on the experience and awareness of cryptocurrency trading. Beginners are more likely to install solutions with a simpler interface. More advanced users install applications with more complex information panels, the ability to choose the type and method of displaying charts, where indicators are available, you can use technical analysis tools, track previous orders, etc.
3. liquidity
   The concept of liquidity means that at any given time there must be a large number of orders on the exchange platform. This allows you to conclude a deal quickly, and not to lose profits due to low demand or price spikes. Liquidity is one of the first concepts new crypto investors should understand, it helps prevent the market from moving too much during trading.
4. Choice of assets.
   When choosing a cryptocurrency buying app, you should make sure that the program supports all the assets you need. This is important because no exchange can provide trading pairs for the thousands of crypto assets available in the market today.
5. Security
   Having protection against hacking and hacker attacks serves as one of the most important criteria for choosing a trading app. In today’s world, it is not uncommon for cryptocurrency assets to be lost in accounts or wallets due to hacking or malware. Most exchanges publish security practices on their official websites. While no single crypto application can provide 100% security, you can download the software of crypto exchanges with the most customers and high ratings.
6. Reputation
   When comparing different cryptocurrency buying apps, users pay attention to the reputation of crypto exchanges. At the stage of selection, be sure to study consumer reviews, compare functionality, watch reviews to make an informed decision.
7. Level of trading commission
   When buying any cryptocurrency asset, there are hidden costs added to it in the form of service fees. Collecting commissions is the main way exchanges make money. Although some exchanges, such as Binance, have their own “exchange tokens.” Owners of trading accounts are given discounts on exchanges created by their tokens. A Binance user will pay a lower fee if the Binance Coin (BNB) is stored in their Binance wallet. In this case, the commission for each transaction will be withdrawn in the form of BNB, not in the currency pair they are trading.
8. Customer Support
   Every new user of the cryptocurrency app often encounters difficulties in setting up and using the platform. Even experienced traders sometimes have questions that only tech support can solve. Sometimes the financial result of a transaction depends on the speed of the employee’s answer, because the situation on the market changes quickly. When assessing the level of service, consider the response time, the tech support working schedule, customer feedback and the opportunity to give feedback on the exchange’s work.
9. Insurance
   Most of the leading crypto exchanges provide clients with full or partial deposit insurance service. This increases confidence from new users – in case of hacking or account hacking, the exchange protects its users from losses by insuring deposits.
10. Technical infrastructure
    New users should definitely study the infrastructure of the cryptocurrency buying app before installing it on their smartphone. Exchanges with high traffic and high transaction volume allow customers to place orders quickly and buy assets without price slippage. Also pay attention to the number of available trading pairs and the speed of order execution. To fully appreciate the functionality of the application, watch a video tutorial or a review of the service in video format.
11. Leverage and Products
    There are two types of exchanges: spot exchanges and derivatives exchanges. While spot exchanges trade cryptocurrency in exchange for fiat currency or other cryptocurrency (bitcoins or Stablecoins in US dollars), derivatives exchanges trade cryptocurrency derivatives rather than real coins.