Why do you need a broker to buy cryptocurrencies?

Cryptocurrencies have steadily grown in popularity since its creation in 2008. But few people really know what a cryptocurrency is. It is a virtual currency, an asset that is exchanged on a peer-to-peer network. It is a decentralized computer network. To secure transactions, cryptocurrency uses cryptographic technologies. Currently, most cryptocurrencies rely on blockchain or block chain technology to validate transactions. Now the question is why you have to go through a broker to buy cryptocurrencies. We explain everything to you in this article.

The cryptocurrency broker: what is it?

When looking to buy cryptocurrencies, one can directly use the services of a broker or a broker of cryptocurrency brokers. It will be the intermediary between the buyer and the seller of cryptos. Note that the broker will apply fees for its services offered. In general, a crypto broker places purchase orders on exchanges after payment. It should be noted that the broker is totally different from the exchange. Beginners tend to confuse the two. As mentioned above, the broker plays the role of intermediary. The exchange is a platform that connects buyers & sellers of cryptocurrencies directly. This platform works thanks to an order book which lists all the offers of sales & purchases. Today, cryptocurrencies have become the competitors of physical money. The proof, more and more young people are investing in equipment that allows mining. At a minimum, it is necessary to plan around 1,000 euros to obtain a mining machine. It is completely normal that most investors flock to cryptocurrencies. Indeed, 1 BTC costs 19,500 euros.

What are the advantages of going through a broker?

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To buy virtual currencies, it is always advisable to go through a broker. Moreover, this has a lot of advantages for the buyer. For beginners, going through this intermediary allows you to learn more about the world of cryptocurrencies. And unlike exchanges, the crypto broker provides the buyer with a comprehensive support service. Going through this professional is the best option for those looking to buy a small amount of cryptocurrencies. Even more interesting, it offers different payment methods. So how do you find the right crypto broker? Well, do not jump on the first broker that comes along. You have to take into account certain criteria before choosing one. First of all, it has to be a safe and reputable broker. In general, it will also have to offer a bonus upon registration. Afterwards, he will have to accept fiat currencies, offer cryptocurrencies for purchase and sale, etc. If necessary, do not hesitate to consult the comparison sites. The latter are in the best position to determine who is the best crypto broker and who are the scammers.

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Why do you need a broker to buy cryptocurrencies?

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