How to Trade Cryptocurrency on a Mobile App for US residents

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Download a trading app

First of all, choose a trusted cryptocurrency trading software like Coinbase, Kraken, or Binance. Install the app on your Android or iOS device.

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Sign up and verify your account

The app will walk you through the account creation process and prompt you for information such as your name, email, birthdate, and contact information. Steps for confirming your identity must also be taken.

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Fund your account

Now, you have to deposit money into your account by linking your bank account or debit card or by transferring cryptocurrency from an external wallet.

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Browse available assets

Now, the crypto exchange app will show the cryptocurrencies available for trading. Check them all out and add the cryptocurrency to your watchlist.

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Conduct market research

For whatever cryptocurrency asset you want to trade, check the prices, market cap, volume, news, and charts. If desired, set up price notifications.

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Place your first trade & Manage your positions

Enter the amount you want to buy or sell by tapping the trade button for the cryptocurrency you’ve chosen. Use limit orders or a market order for speedy execution.Keep track of the balance of your portfolio and the open trades. If desired, set stop loss or target profit levels.

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Withdraw funds

When ready, cash out to your associated bank account or withdraw cryptocurrency to a separate wallet. Examine the withdrawal addresses.