Bitcoin trading apps are undoubtedly amazing. They usually offer automatic trading facilities that make Bitcoin trading easier than ever. Are you too looking to sign up with a Bitcoin trading app? Well, that’s wonderful, but then not all trading apps around would be the right thing for you. In fact, amateur traders are often found to end up with a not-so-welcome Bitcoin trading app. You certainly don’t want to fall prey to these unwanted circumstances. You won’t have and here is our guide on the common mistakes to prevent you from the catastrophe.
Not getting a comparative study
Bitcoin price is rising. It’s only natural that you would prefer to capitalize on the immediate market condition as soon as possible to reap the profits. But, then, doesn’t mean you will sign up with just the first trading app you will come across online. You will never know whether it’s the right and also a safe app for you unless you get a comparative study. A lot of amateur traders make the mistake of choosing an app in a rush only to end up in unwanted consequences. Remember, there are many scammers around in the guise of trading apps. So, be careful and always take a comparison study between at least 4-6 apps before the final sign up.
Check their reviews and ratings. Your chosen one should be backed by great reviews and high ratings. It would be really awesome if you can find an award-winning BTC trading app like Bitcoin Profit.
Not checking accuracy rate
Don’t just jump into a trading app just because the trading interface looks friendly. If you don’t check the accuracy rate beforehand, your profits are really dicey here. Your chosen app must promise minimum 99% accuracy rate.
Not checking security
No matter how accurate a Bitcoin trading app, you can’t be assured of security of your finds if you don’t check the security measures taken by the app. The app you go for must promise advanced virus and malware protection.