Satoshi Nakamoto, who founded the digital cryptocurrency called Bitcoin, was more than likely unaware of the impact his concept would have on the world when he came up with the innovative idea. The Bitcoin phenomenon is among the forefront of the biggest influences in the Fourth Industrial Revolution and continues to grow in popularity. The revolutionary currency is opening new doors to financial possibilities. Bitcoin is increasing in popularity because it is free of regulation, is completely anonymous, and has a value the isn't influenced by supply and demand.
Although the currency has faced criticism and negative predictions in the past, it has reached a record value of more than $1 billion to date. While the digital currency has not yet moved beyond the online gambling industry and tech savvy individuals, it has sparked a wide range of new cryptocurrencies that are also growing in popularity.
For some, Bitcoin can be confusing to understand. The basic principle is that it's an encrypted asset, which can be earned through mining or traded for the use of fiat currency. When an individual wants to learn of the potential the currency has to offer the online community, there are a plethora of apps that can be easily downloaded onto a smartphone or tablet. For those who want to learn of the potential the currency has to offer, check out this list of the best Bitcoin apps of the year:
The Best Bitcoin Apps of the year:
Headquartered in San Francisco, Coinbase is a digital asset business that gives its users the ability to exchange Bitcoin and a variety of additional digital assets for fiat currency. For individuals looking for an app to take care of their Bitcoin and Ethereum wallets, it is among the highest rated Android apps in this category. The wallet included with this app is what enables an individual to purchase and sell digital currencies, but it also has additional features that allow individuals to handle their cryptocurrencies efficiently.
If you sign up for Coinbase with this link, you will get $10 in free Bitcoin once you buy or sell $100 worth of Bitcoin using your Coinbase account. (Note: Wirefly also receives $10 worth of BTC)
BlockFi allows you to earn interest at up to 8.6% on your cryptocurrency. BlockFi also lets you borrow cash and buy or sell crypto like Bitcoin, Ethereum, USDC, GUSD, PAX, PAXG, USDT, and Litecoin. BlockFi operates with state of the art security, and uses renowned custodians like Gemini. BlockFi is backed by prominent investors such as Winklevoss Capital, SoFi, Coinbase Ventures, and more. BlockFi offers native apps for both iPhone and Android.
For those who are accustomed to how Bitcoin works, and are wanting a financial app that enables close monitoring of their investments, Blockfolio is the perfect app. The app will send users notifications when cryptocurrencies have reached a certain threshold. Furthermore, the app provides users with a plethora of details about cryptocurrencies and updates about Bitcoin. Although one of the larges trading platforms in the United Kingdom, which is Hargreaves Lansdown, does not permit its customers to use or invest in Bitcoin, it should only be a short time before all online trading platforms allow the use of Bitcoins for investment opportunities.
Although there is vast opportunities for the future of Bitcoin applications, the variations of apps to be developed will more than likely rely on how individuals can benefit from the use of cryptocurrency in their everyday lives. When the thought of using online portals to convert fiat currency into Bitcoins comes to mind, there is certainly an abundance of future developments that will benefit those who want to invest in the innovative currency.
Many individuals want to understand more about what Bitcoin is and how it works, but another frequently asked question is how an individual can buy and sell the cryptocurrency. Currently, there are many websites that are able to barter goods and services with Bitcoin, but it can be hard to find out exactly where the currency is accepted. CoinATMRadar is an app that is available on iOS, which enables users to find all the businesses in a certain area that can buy and sell Bitcoin. With the use of this app, an individual can gain insight into buying and selling possibilities from a wide range of businesses.
Although the primary use of Bitcoin is for online transactions through the transfer of funds between consumers and businesses, there are certain physical shops that accept the currency as payment. Bitmap is a great app for those who want to find out the local shops that accept Bitcoin. An individual who uses Bitmap will be able to make an instant purchase for a physical product, and the idea for this app is as easy to use as Google maps with the interface working in a similar manner.
In 2013, Xapo was founded in Switzerland and enables users to store cryptocurrency and also works as a Bitcoin debit card. Xapo works in a manner that integrates convenience with superior levels of security, which makes transferring currency to others quick and easy. With Xapo, an individual is able to check his or her account with ease and find out the value of Bitcoin at any time. Furthermore, an individual can also easily send tips to a wide range of websites. Xapo is ideal for individuals who want a reputable interface for Bitcoin currency management.
Those who want to earn their own Bitcoin, and also want to understand the gaming aspect of what the cryptocurrency has to offer, Blockchain Game is the perfect app. The app is available to Android users, and it allows them to partake in a block stacking game and receive Bitcoins directly into their wallet by playing the game.
Crypto Pro is a great app for staying update on the latest cryptocurrency prices. You can set up your Crypto Pro portfolio to include all the cryptocurrencies you want to watch, or to monitor the coins you own.
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