In the ever-growing crypto industry, there are several ways to cryptocurrencies to buy, sell or to strike etc. The two most common platforms used for this are crypto exchanges and crypto brokers. The Dutch Coinmerce is an example of such a broker, but what exactly is it? And why is a broker useful, even if you already use an exchange?
What is a crypto broker?
A crypto broker is a company or person that acts as an intermediary between the crypto markets to simplify the buying and selling of cryptocurrencies. The buying and selling of crypto coins are handled between the user and the broker. In an exchange, the transaction is between user and user. With a broker, the price is set by the broker itself, who usually offers a good deal. With an exchange, prices are correctly determined by the dynamic markets and prices fluctuate more quickly.
Advantages of a crypto broker
Using a crypto broker has several advantages over a crypto exchange. The simplicity and ease of use are probably the main ones. From novice to experienced trader, everyone can go to a broker. At Coinmerce, for example, accessibility for everyone is central. Users with any kind of experience can get started. The simplistic interface contributes to this, because it can be understood by almost everyone. At a crypto broker it is also possible for people with little knowledge to get started. This is often not the case with an exchange with advanced dashboards and options.
In addition, many payment methods are often possible, such as iDeal. The support and support you can expect from a broker is also a lot more extensive than with an exchange. Calling or emailing customer service is generally possible, but that is less obvious with a crypto exchange.
Curious about what Coinmerce can do for you? Register you and discover the possibilities!