When it comes to the top 5 trading apps in Pakistan, there are many options available that you can choose from. But the question arises how to decide which app will work best for you? Well, each person has different needs and interests and thus there isn’t an app that works for everyone as we all have different requirements and preferences. Keeping that in mind, we have compiled this list of the top 5 trading apps in Pakistan that you can use and compare at your own convenience to see what works best for you. Read more about them below!
1) CoinSwitch
The best cryptocurrency trading platform offers traders a secure, fast, and reliable exchange service. Unlike other exchanges that offer crypto-to-crypto transactions only, CoinSwitch has partnered with leading exchange platforms across the globe to provide their users with crypto/crypto and crypto/fiat transactions. Users can buy more than 300 different coins on CoinSwitch. The web interface is extremely user-friendly so that even first-time investors will find it easy to use. Moreover, its comprehensive dashboard enables investors to monitor all their portfolios in one place. So you don’t have to open multiple tabs on your browser anymore!
2) BarterDEX
BarterDEX, which allows users to trade one cryptocurrency directly against another, is reportedly one of the top five trading apps in Pakistan. The platform’s peer-to-peer network structure provides a trustless trading experience: users don’t have to place their trust in a third party, like a centralized exchange. Instead, trades are performed by exchanging blockchain ledgers directly between parties to ensure no double-spending and no malicious trading can occur. A public API enables programmatic access to liquidity data and advanced order types allow high-frequency traders to execute sophisticated trade strategies and tactics on demand.
3) Indacoin
Cryptocurrency (like Bitcoin) is all about decentralized control. That’s not just exciting, it makes crypto coins extremely valuable as payment networks and sets a world of opportunities out there for crypto users and investors. The best thing about decentralized systems? There’s no middleman! The top five trading apps in Pakistan for 2022 are Coinomi, Blockchain Wallet, Toast Wallet, E-Coin, and LocalBitcoins. Here’s what you need to know about each one of them!
Coinomi is a mobile app available on both Android and iOS devices. It’s one of those top five trading apps in Pakistan for 2022 which doesn’t charge a transaction fee, not even when you send BTC to another wallet. Coinomi has a Crypto IQ option which tells you about digital currencies other than Bitcoin. You can also see historical data regarding your trade volumes as well as exchange rates! And guess what? You can exchange dozens of altcoins through Coinomi too!
4) LocalBitcoins
LocalBitcoins is one of the oldest Bitcoin exchanges online. It operates like Craigslist or eBay of sorts where you can set up local trades. For example, you can purchase Bitcoin from someone near you and have it sent to your wallet using his or her account. The exchange also has an escrow feature to protect both parties if things go wrong.
Bitmex is based out of Hong Kong and is one of the largest cryptocurrency exchanges. The platform can be intimidating to use, but they do have a detailed beginner’s guide available on their website. Bitmex allows you to trade with up to 100x leverage which is great if you want to enter trades that are extremely volatile and are not ready to lose your initial investment immediately. The exchange also allows shorting of Bitcoin so you can profit from a drop in price!
5) Coinbase Pro
The most popular trading app in Pakistan. Their servers are top-notch and they offer a suite of order types, margins, and excellent support. With volume coming mostly from Bitcoin traders, Coinbase Pro is very active.
The cryptocurrency market is very young, but it has been growing at a steady pace over recent years. In 2014, when Coinbase first opened its doors to everyone outside of the US, there were only four cryptocurrencies—Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Today (as of 6-4-18), Coinbase supports 31 cryptocurrencies. Bitcoin remains the most popular and widely used crypto with around 50% market share (as of June 2018). The user base grew from 0 to 20 million active users from its launch 4 years ago. Market cap increased from $10Billion to over $270 Billion today (6-4-18).
Conclusion
There are many trading apps available for stock trading. Some of them provide various facilities to their users. Nowadays online trade is used worldwide so that people from different countries can trade with each other online. Trading through mobile apps is also a common trend because it gives comfort to its users to trade whenever they want from anywhere as long as they have a smartphone or tablet with an internet connection. Here I am sharing the top 5 trading apps in Pakistan which are good to use and people can easily use these apps for their trading purpose and get good profits.