The trend of mining, buying, selling, and storing bitcoin has become huge in 2017. The value of Bitcoin quickly soared from $1,000 to over $18,000 recently. Several applications were launched this year in order to help people acquire Bitcoin and store it for future use.
Just recently, the application Coinbase became the number 1 iPhone application in the U.S. Back in Nov. 8, Coinbase ranked number 229 and it made its way to the top on Dec. 7. Coinbase is available for iOS and Android users for free.
According to reviews, Coinbase is efficient when it comes to liquidity and buying limits. Being able to instantly buy with a credit card as a backup is also a function many people find effective. More importantly, several users of the application agree that Coinbase is the best application to learn how to buy Bitcoin.
Other than Coinbase, Airbitz is also recognized as one of the best Bitcoin applications for Apple and Android users. This application not only helps people manage their Bitcoins but also provides easy access to mobile banking. Airbitz offers integrated purchase of discounted gift cards and hierarchical deterministic wallets.
Adding an offline mode and security check for private keys is the Bither application. Bither runs in two types of wallet -- Cold Wallet and Hot Wallet. Cold Wallet features the offline mode, accurate Realtime monitoring, secured private keys, and more. The Hot Wallet, on the other hand, runs on online mode that allow users to navigate major Bitcoin Exchanges.
Among the top Bitcoin applications are Bitcoin Checker, Blockfolio, and Cryptonator.
The popularity of digital currency continues to increase. However, Coinbase CEO Brian Armstrong reminds people to be cautious when investing real money in order to acquire Bitcoin. Armstrong posted an article on the blog Medium and reported that Coinbase was not able to keep up with the relentless trading volumes last Thursday. The same might happen to other applications.
