When it comes to buying Bitcoin and other cryptocurrencies, many people automatically sign up for an exchange. That is only normal, as these platforms are the “gatekeepers” to convert between fiat currency and Bitcoin. Exchanges serve customers all over the world, and often support multiple fiat currencies. The most common exchanges include Coinbase, Kraken, and Bithumb.
Now that nearly every country has its own Bitcoin and cryptocurrency exchange, one wonders why Bitcoin brokers even exist. There is a very good reason why they are around since they provide more convenient access to Bitcoin and other cryptocurrencies. While they are less popular than exchanges as of right now, one should never discount a Bitcoin broker by any means. Such services can be quite invaluable
Online brokers have about twenty years of experience with trading, developing platforms and ancillary services while the cryptocurrency ecosystem is still developing. If you are used to trading on the charts, from a mobile app or need all your EA robots for algo trading, a broker is the way to go.
Crypto exchanges have also fallen victim to cyber attacks, exit scams and FBI takedowns. While everyone can be hacked, at least a broker which you know and trust can provide some accountability in case anything goes wrong.
