Cryptocurrencies are extremely volatile – markets can rocket to the moon and crash overnight. While Bitcoin seems to have settled around the $900 point for the time being, other virtual coins still vary wildly. Even if you’re not at a computer all day, keeping track of those changes and day trading can both be fun, and a way to increase your profits after a good day’s mining. Thankfully, there’s an app for that; quite a few, in fact. Here are my favourites.
Still not started on the crypto-craze? I showed you how to start mining Litecoins (which also works for Dogecoin and any Scrypt coins); and I’ve explained some of the many alt-currencies I believe are even better than Bitcoin.
Bitcoin Checker (Free)
With the ability to check a variety of exchanges encompassing every alt-coin out there, Bitcoin Checker shines for its simplistic yet feature-packed widgets focused solely on price checking. The widget display can be refreshed manually or automatically at your specified interval, with a simple price quote (configurable with mBTC or Satoshi where relevant) and direction indicator. Crucially, each trade pair can also be set up with an alarm once certain conditions are met – say, when the price rises more than 20% from your checkpoint, alerting you to jump online and sell, sell, sell. You can even add multiple alarms should it swing in either direction; and each alarm can be customized.
The app also features text-to-speech capabilities, though it will speak out the price every time, which gets annoying really quickly with a high refresh rate. Bitcoin Checker checks the prices of all the coins, and it does it better than any other app out there. If that’s the feature you need, don’t bother reading the rest of this post – get this app now.
Trading On The Go: BTC-E Client ($4.99)
I’m not a huge fan of BTC-E myself, for the obvious reason that you can’t trade Dogecoins there – but if you are, this app should handle your mobile trading needs just fine. You will need to generate and add your account API key, but then you’re all set. It’s ugly but functional, and the inclusion of trade graphs elevates this app above the competition.
To be clear though, if there is any chance at all that your Android may be infected with something, don’t even risk it. For all the strengths of crypto-currencies, transactions are non-reversible and there is no financial institution to refund the results of fraud (unlike a credit card or your bank). Stay safe with your cryptos, guys.
Long-Term Investment Checker: Bitcoin Profit (Free)
Not everyone wants to day trade – if you bought a spread of alt-coins when the value was low, Bitcoin Profit is exactly the app you need to see how your investments are performing. Add a currency, a rate you bought at, and the amount you hold; the app then uses the APIs for various markets to give you a current valuation.
Supporting hundreds of different coins, Bitcoin Profit does one thing and does it well – not so useful for day-trading though.
Destroy Your Device: Coin Miner Pro ($1.49)
Coin Miner Pro enables you to mine for coins using the CPU of your mobile device. Seriously. You’ll probably get less than 2 kh/s, compared to say 500 kh/s or more on a good desktop GPU; but that’s still a few Dogecoins per day. Be sure to select the Litecoin protocol (Scrypt-based coins; BitCoin would be futile), then just enter your pool URL and user info.
I’m not entirely sure if this is good for the life of your CPU, but hey if you have a couple of worthless old phones lying around it might be worth a laugh. Or it might be a fire risk.
Note that I haven’t included any wallet applications here since each is unique to the coin, and frankly the risk isn’t worth it. Keep your coins in encrypted wallets on a secure, backed-up PC.
If you’re trading alt-coins on daily basis, I’d go so far as to say your Android phone is your best friend. By keeping an eye on prices, you can add a significant chunk onto your daily mining profits. What are you waiting for?
Explore more about: Bitcoin.