Last updated on July 27th, 2016 at 08:45 pm
Does the title of this article sound like a bit of an oxymoron? After all Bitcoin is an electronic currency, so how can you put it in your pocket? By using a smartphone app! Luckily, there are now a variety of apps available for your iPhone or Android phone. These apps are available in the Google Play store and Apples app store. Apps for your smartphone are great because they allow you to conduct trading, keep up-to-date on market developments, and manage your wallet. So if you are serious about Bitcoin trading, you should closely consider downloading apps. The simple fact is that Bitcoin markets move so quickly that you need to stay up-to-date and also be quick to act on changing circumstances.
If you are familiar with Bitcoin than you know that your Bitcoin wallet is one of the most important pieces of software that you can own. Basically, your wallet is where you store all of your Bitcoins. You can think of it as your own personal Bitcoin vault. Luckily, there are numerous Bitcoin wallet programs available for your smartphone. For Android you can use the “Bitcoin Wallet” to make purchases and transfers easily with your phone. In fact, you can use QR codes or even touch your phones together to send payments.
You can also use the “BlockChain” app to conduct trading and receive status updates on market conditions. Blockchain is great because it can be used on most platforms, including web browsers, Apple, and Android. Not only that, but the program is free, has no mandated charges, and features advanced security features. Coinbase is another popular Bitcoin wallet that can be used on your smartphone. Users love the easy to use interface, however, this wallet can charge some rather hefty fees, especially compared to all the free wallets that are available.
One simple app that every Bitcoin Android user should consider is “Bitcoin Buzz Feeds”. This app allows you to receive timely updates on Bitcoin developments. You can watch Youtube videos, monitor online discussions, and receive professional updates. With Bitcoin Buzz Feed you can make sure that you are always in the loop. And if you want to receive timely updates on prices, consider Bitcoin Paranoid. This highly rated Android app is many people’s favorite app when it comes to receiving real time price quotes. You can also set up alarms to update you when certain price points are met. Bitcoin Center also provides updates from various news sites. You can follow all of the largest markets, while also receiving updates from Twitter and other sites. Android users love this app, giving it a near 5 star rating.
Looking to turn your smartphone machine into a money making mining rig? With Android you can use DroidBTC to convert your phone into a mining rig. We have to be honest, however, that the computing power to mine Bitcoins is now so intense, you likely won’t make a lot of money. Also, make sure you watch your phone’s battery! Bitcoin mining can eat up a lot of electricity and drain your battery in a short amount of time. Still, mining can be a fun hobby, even if you don’t make a lot of money, and you get the satisfaction of knowing that you are directly supporting the Bitcoin community.
The best part of about Android apps is that developers are constantly launching apps, many of which are free. In many ways Android is driven by the same community driven spirit that empowers Bitcoin. Besides being free and based on Linux, Android also encourages developers to experiment and produce apps. So if you don’t see an app you like, or your looking for something that is not on the market, keep checking back. Eventually a developer many develop exactly what you are looking for. Apple’s app store is a bit more closed, but there are still plenty of great apps and developers!
It should be easy to see that Android and iPhone apps can be very useful for Bitcoin users. You can store your Bitcoins, conduct trades, and even create Bitcoins through mining. If you use Bitcoin apps, however, make sure you maximize all of the security settings. If your phone gets stolen and you are using a smartphone app, there is a serious risk that the thief could also make off with your Bitcoins! Luckily, most wallets recognize this risk and offer ways for you to secure your Bitcoin accounts.