Choosing a Crypto Payment App: 5 Things To Consider

November 5, 2019
Choosing a crypto payment app

With cryptocurrencies becoming more democratic and widespread, a lot of non-tech people face the challenge of choosing a good tool for managing their funds. With hundreds of crypto payment apps available on the market, the task seems really hard.

To save you a lot of doubtful thinking and research, we have narrowed it to 5 basic features to focus on.

1. Multiple Coins Support

Even if you plan to focus on one cryptocurrency, it makes sense to install a wallet that would support many coins.

Many up-to-date financial tools are actually Swiss army knives. They allow you to manage both cryptos and conventional currencies in one place. Check if their choice of currencies meets your needs.

2. Usability

An intuitive interface is equally important for a crypto payment app. After all, your digital wallet will be the center of your personal financial ecosystem. It’s the control panel for your money.

Are you comfortable with the app from an aesthetic and practical point of view?

Thankfully, modern wallets (Exodus, BRD, Exscudo Channels) tend to be visually neat and minimalistic. But at the same time, they are handy and well-thought-out.

Check if the wallet gives you all the necessary info at hand. Some wallets offer a customizable news feed that helps you stay aware of the latest market news and price changes.

3. Currency Exchange And Other Extra Options

We recommend that your wallet should have a currency exchanger. You should be able to exchange cryptocurrencies against each other. Or better yet, be able to convert crypto to EURO and USD.

Thus, the app becomes your own decentralized pocket-size bank, with all the necessary services available 24/7.

If necessary, look for advanced features like the ability to buy cryptocurrency directly from your bank account/card (Exscudo Channels, Abra), or to invest in ICO (BRD).

4. Additional Functions

A good crypto payment app not only allows you to manage your finances but offers other important services.

A good example would be our own Exscudo Channels app. It combines a new-gen payment tool with an end-to-end encryption messenger. It lets you make transactions and discuss them (or any other sensitive issues) in total privacy.

There may be other tools integrated into the wallet – don’t forget to check if they are free.

5. Ecosystem

The wallet may be an independent app or a heart a constantly developing ecosystem. For example, the Channels app will be seamlessly connected to the Exscudo Charity Platform and the Exscudo Exchange, making it possible to earn and spend/donate money within the same user-centered infrastructure. 

Hopefully, this short guide made things easier for you!

Latest news