WHAT IS THE DIFFERENCE BETWEEN A CRYPTOCURRENCY BROKER AND A TRADING PLATFORM?

What is the Difference Between a Cryptocurrency Broker and a Trading Platform?

Trading cryptocurrency is a great investment choice for a lot of people, and it’s becoming more popular than ever. There are lots of new coins entering the market all the time, and if you can make good decisions about which ones will eventually skyrocket in value, you could make a lot of money.

But before you start dreaming about how to spend your profits, you need to work out how you are going to buy and sell cryptocurrencies in the first place. There are two main options here; brokers or exchanges. The problem is, people often get mixed up between these two terms and sometimes confuse them with wallets as well, which is a whole different thing.

There are pros and cons to each method of trading crypto, so it’s crucial that you understand the differences between them. So, what is the difference between a cryptocurrency exchange and a broker?

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TIMESTAMPS:

01. (01:29) Cryptocurrency Brokers
02. (03:13) Cryptocurrency Trading Platform

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