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Looking to find the best microcap trading software for beginners? We’ve got you covered! In this article, learn about the best software you can use to trade on the microcap coin market to help you succeed as a beginner.
What are microcaps?
- $50 to $300 million market cap
- Greater market capitalization than nano caps
- Less market capitalization than small, mid, large and mega-caps
Why invest in the microcap trading market?
It’s a smaller market cap. It’s more volatile. So, why trade microcaps?
More risk, more reward, right?
Keep in mind, this is not financial advice and make sure you contact your financial advisor for questions about trading and financial advice.
I came across two personal finance influencers recently. They’re both super smart. They both invest in everything from stocks to crypto and more. They’re both on YouTube.
Graham Stephan vs Meet Kevin
Graham Stephan has around 5 million subscribers on YouTube.
I knew about him and followed his videos for a lot longer than Meet Kevin, who I came to know over the start of the pandemic in early 2020.
Meet Kevin has around 2 million subscribers on YouTube.
If you see the two of them side by side, the last video I saw with both of them illustrated the two well, including their investment style I think. Graham is put together, neat, solid shirt, solid pants and groomed. Kevin has wild neon pink hair with a casual outfit, also put together with a more vibrant personality.
Graham is more conservative and Kevin is more risky, in terms of investment style I think.
Who do you think makes more?
Graham’s income is around $6 million per year with double the YouTube subscribers and Kevin’s income is around $22 million per year with half the subscribers as Graham.
It doesn’t always work out this way though where the riskier path leads to more wealth but it definitely can.
This goes back to microcap trading. People do it because they want to make money and if you’re starting out as a beginner, the fastest path to wealth is with the smaller microcap market compared to the big players like Bitcoin. Just my personal opinion. I am not a financial advisor.
3 Best microcap trading software for beginners
Software makes microcap trading a lot easier and less manual of a process. It’s a must-use, in my opinion. Here are the 3 best microcap trading software programs to look into for beginners.
Coinbase is one of the trading platforms I personally use right now. They have an easy-to-navigate dashboard and I feel secure using them, knowing I can access my money any time 24/7.
The process for buying, trading and sell crypto is super easy. Before using Coinbase I was a big user of Trust Wallet and it took 15 steps to buy, sell, trade, just about anything. It was a pain in the butt with a major learning curve and Coinbase is the total opposite which I’m so happy about.
If there was just one platform to get, I’d say go with Coinbase but honestly, all three on this list are great and I’ll be a user of all three here very shortly.
What to know about Coinbase
- 73+ million people use Coinbase
- Get $5 in Bitcoin for signing up
- Explore hundreds of different cryptocurrency
- Coinbase Visa card where you can earn crypto rewards
- Coinbase wallet
- Educational platform to teach you about crypto including tutorials
Founded in 2016 and now with over 10 million users, Crypto.com is doing big things. After investing $700 million into the Staples Center to rename it, it will soon be called the Crypto.com Arena.
You can manage all your cryptocurrencies easily with their user-friendly app. They offer a Crypto.com Visa card where you can earn 8% cash back on all your spending. They also have their own cryptocurrency, CRO plus access to over 40 cryptocurrencies and stablecoins.
What to know about Crypto.com
- Crypto.com cashback rewards Visa card
- Earn up to 14.5% on your stablecoins
- Crypto.com wallet
- Pay merchants using Crypto.com and get paid in crypto
- Mobile airtime to top off your friends’ prepaid minutes
Kucoin lets you buy and trade cryptocurrency with ease, right on their platform. They even have a trading bot!
They have some great incentives for signing up, right now up to 500 USDT for new users when you click this link to sign up!
They provide insights on crypto coins right on their homepage…
What to know about Kucoin
- Largest social trading platform
- 500+ coins
- 600 billion in trading volume
- 20+ global communities and over 200 countries
- App on App Store, iOS, Google Play and Android APK
- Access your coins and account anytime 24/7
- 24/7 customer service
- Start trading with $1
So from all this you can see that Kucoin is a large and build out trading platform.
They are beginner-friendly offering trades for as little as $1 and they have round the clock customer service to answer all your questions 24/7 whether it’s 9 in the morning or 10:30pm at night. You can access them on desktop and by app on all your devices, too.
So Coinbase, Crypto, and Kucoin are my favorite trading software platforms for beginners. I currently use 2 out of 3 of them but I’m going to get the final platform this month.
Why get all 3 cryptocurrency software platforms?
I recommend you get all 3 like me because each platform is a little different. All the platforms don’t have the same coins. For example, I got Crypto because they had Shiba Inu when others didn’t.
And, I got Coinbsae because it seemed like the gold standard for trading software platforms at the time (and they’re still very good) and Kucoin is a Binance-alternative which is needed for transitioning BNB and other altcoins to my main wallet.
Since I’m Texas-based and Binance isn’t friendly to Texas, Kucoin is an excellent alternative. And that’s why I’ll be using all three.
Using multiple softwares like this is common, believe it or not. If you think it’s going to get complicated or difficult to manage, it really doesn’t. Give it a try and see what you think.
Best stock trading app for beginners?
For stock trading, I think the best stock trading app for beginners is Robinhood. There’s been a lot of scrutiny over Robinhood in the past but, it’s not going to stop me from using it. I really like their interface, more so than Webull and other competitors. And that’s what it boils down to for me.
I feel comfortable using the app. It’s easier to navigate from screen to screen to check my balance, trade options, buy shares, whatever I need to do.
That wraps up this review of the best microcap trading software for beginners. Which one will you be trying?