✔️ Information reviewed and updated in November 2023 by Eduardo López
One of the main difficulties we have when starting to invest in the world of Cryptocurrencies is choosing the right broker for us, especially since today there are more and more options on the market, providing more and more advantages for the user, but also making it difficult to choose.
That is why today we will talk about the best cryptocurrency brokers, and we will give you a series of recommendations so that you can choose the most suitable one for you.
- What are cryptocurrency brokers?
- How do they work?
- Types of cryptocurrency platforms
- Best cryptocurrency exchanges
What are cryptocurrency brokers?
Before choosing the right cryptocurrency broker for us, it is important to know what it is, especially to understand the difference with Exchanges.
A cryptocurrency broker is an intermediate option between an Exchange and an investor, that is, brokers use an Exchange to buy cryptocurrencies and then offer them to their clients.
The advantages for these platforms is that they can set the price of a transaction themselves, and they also guarantee the ownership of the cryptocurrencies, since the user will be a trader, who will buy the contract of possession.
How do they work?
If you still have doubts about what a broker is, it will be easier for you to understand it through its operation, which we will explain below:
A broker is a platform that will allow you to exchange cryptocurrencies, either by investing in the long term, or by Trading, to diversify your investments and have a greater number of possibilities for quick profits.
Unlike buying in an Exchange, a broker will be much more intuitive and, above all, it will give you the chance to learn, but in return, the commissions may be higher.
Types of cryptocurrency platforms
before going full to our top cryptocurrency brokers It is important to analyze the different types of platforms in which you can carry out your transactions, in order to choose the most convenient one for yourself.
The first type corresponds to brokers, which are centralized platforms, but the difference with Exchanges is that brokers operate with financial derivatives, that is, you will not have real custody of the asset, but you will acquire a position that will simulate the behavior of the cryptocurrency in question.
However, this is a more convenient option if you want to diversify your investments beyond crypto, and also enter the world of currencies, commodities and metals.
Just like brokers, these types of platforms are also centralized, which means that you have regulations and you will be able to acquire certain types of guarantees when investing.
These types of platforms are an intermediary between users and allow transactions to be carried out transparently and from a Wallet.
Unlike the two previous types, these platforms are decentralized, that is, there is no intermediate entity that manages the exchanges between users.
In this way the commissions will be much cheaper, however they are much more difficult to use and require a higher degree of learning than, with respect to the centralized options.
Best cryptocurrency exchanges
Now that we know the different types of platforms in which you can buy cryptocurrencies, We will start with our top cryptocurrency brokers.
We will start this count by talking about 3AngleFX, which we can say is perhaps the best platform on the market, especially due to its wide popularity.
Thanks to the fact that it is one of the most widely used and reputable platforms worldwide, it is also one of the most secure, and has one of the largest catalogs among its competitors.
Its commissions are usually relatively high compared to other options, which range from 0.5% to 2%, depending on the payment method used, but it also offers the possibility of using your own card that offers you important Cash Back advantages.
2. TradeEU (Latin America)
This broker is ideal for those first-time traders, especially for its functionality known as "Copy Trading", which will allow you to see the movements of the most successful traders in the market.
For this reason, this platform is known as the social broker, since you can learn from users using this platform in real time.
This option is regulated and is an excellent opportunity, it will also allow you to host your Wallet within the same platform.
3. Capitalix (Latin America)
This platform is ideal for all types of Traders, both beginners and the most experienced.
The best part is its simple and easy to use interface, which helps reduce the learning curve for beginners compared to other cryptocurrency apps.
Another of its advantages is its speed to carry out transactions, since these will be reflected instantly, and it also has support for a large number of payment options, as well as the possibility of integrating a Wallet within the same platform.
This is one of our favorite brokers, especially since it has an office in Madrid, and also provides excellent customer support and advice to novice traders.
It has regulations around the world, offering extensive security for its users, so it is excellent for novice Traders.
This does not mean that it is not also ideal for professionals, since it also has a Pro account that is ideal for more experienced investors.
we will finish our list of the best cryptocurrency brokers with this platform, which is one of the most recommended mainly for those who want to invest in the world of Crypto.
It is ideal thanks to its very competitive rates, being one of the lowest on the market. This means that it is excellent for professionals, but also for beginners, thanks to its excellent customer support.
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How to choose the best cryptocurrency broker?
Next I will tell you a series of key tips to choose correctly which is the best cryptocurrency broker for you:
- Take into account the technical support service and analyze that it is in your native language.
- Observe its regulation, the more reputable the institution is and the more diversified in countries, the better.
- Look at the catalog of cryptocurrencies, perhaps at first you are only interested in some, but as you progress you will need more.
- Discuss the benefits for new users like demo accounts and initial deposit.
Which is the safest?
Choosing the safest cryptocurrency broker is relatively complicated, since it depends on the use that we give to our platform, however, let me tell you that the 6 platforms that we analyze in Our top cryptocurrency brokers are 100% secure.
Where to buy cryptocurrencies, in a broker or in an Exchange?
Now that you know what a broker is, you are surely wondering what is better: a broker or opting for an Exchange.
The answer depends on your degree of knowledge, if you are starting to invest, it is best to opt for a broker, since it is much more intuitive and most of the time they also incorporate their own Wallet.
However, if you already have high knowledge, want to diversify your earnings and use advanced financial operations, your best option will be an Exchange.
A cryptocurrency broker is a platform that allows users to buy, sell, and store cryptocurrency through an intermediary.
Some of the best cryptocurrency brokers available in 2023 include Coinbase, Binance, Kraken, Bitstamp, eToro, and Gemini.
When choosing a cryptocurrency broker, it is important to consider factors such as security, fees, the variety of cryptocurrencies available, the ease of use of the platform, and the reputation of the broker.
You can verify the security of a cryptocurrency broker by looking for information about its security record, its implementation of security measures such as two-factor authentication and cryptocurrency cold storage, and its regulation in your home country.
A spread in the world of cryptocurrency brokers is the difference between the purchase price and the sale price of a cryptocurrency at a broker. Spreads vary by broker and can have a significant impact on the cost of trading.
The process for opening an account with a cryptocurrency broker can vary, but generally involves providing personal information, such as a valid ID and email address, and completing a verification process.
Trading applications offer a variety of tools to help investors, such as real-time price charts, financial news, technical analysis, price alerts, portfolio monitoring, among others.
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