What is a crypto broker?

A crypto broker serves as a middleman between the person buying and the person selling the cryptocurrency. The broker might also buy up a lot of cryptocurrency to sell on its own platform, making more of a direct seller. However, more often than not, the term “cryptocurrency broker” is used to refer to an intermediary.

What are the best cryptocurrency brokers?

After trying out most brokers, here are the best cryptocurrency brokers: Rated #1 Crypto Exchange. Binance is not a broker, but an exchange. You can buy cryptocurrencies directly with fiat money (EUR, USD, AUD etc) and withdraw the crypto to your own wallet. You can use the following Referral ID, when signing up, to get a fee discount: 11285553

Should you trade CFDs for Cryptos with a traditional broker?

While trading CFDs for cryptos with a traditional broker, you have a wide choice of technology and risk management instruments, including stop loss and take profit tools. Considering the notoriously high volatility of the cryptocurrency market, they may come in handy and protect you from devastating losses.

Why should you use a cryptocurrency broker?

Because a broker already has an established system, the technical issues are more avoidable. Also, a cryptocurrency broker lets you conduct leveraging, which is a type of trading that allows you to borrow funds to increase your position.