What is a crypto broker?
Cryptocurrencies, unlike fiat currencies, are only available digitally. The easiest way to acquire cryptocurrencies is through a crypto broker. This provides a platform where users can buy and sell cryptocurrencies at the current trading price.
The purchase or sale takes place here only between the respective user and the operator of the broker platform. In contrast, there are also crypto exchanges. Here, users can exchange cryptocurrencies with each other via the platform. The trade here takes place directly between buyer and seller.
Investment opportunities with a broker
As you already know, crypto brokers offer their users the opportunity to exchange cryptocurrencies against other cryptocurrencies, as well as against fiat money. Some crypto brokers also have other options to invest funds directly or indirectly in cryptocurrencies.
Some crypto brokers offer you the option to set up a savings plan. Using this savings plan, you can create an optimal plan for yourself, when and how often you put aside how much money to save and/or invest.
In addition to the “normal” purchase of cryptocurrencies, there are also other options to invest in cryptocurrencies. These include CFD`s, certificates, warrants and futures. These types of investments can be leveraged, which on the one hand can yield higher profits, but on the other hand carry significant risks.