Trading Through cryptocurrency Exchanges or Brokers
User experience
Leverage
Swap
Platform
Withdrawal
Regulation
Instruments and assets
cyber attacks
Most cryptocurrency exchanges were not built with a simple trading experience in mind. As such, they offer cumbersome interfaces, little support for 3rd party platforms and very limited customer support options.
Most cryptocurrency exchanges don’t offer leverage- it can be for good or bad depends on your needs and risks
not exists on cryptocurrencies exchange is the “swap” – forex swap rate is defined as an overnight or rollover interest (that you earned or paid) for holding positions overnight in foreign exchange trading.
withdrawal from cryptocurrency exchanges usually takes much more time than a forex broker
Does not exist on stock exchanges Crypto
large selection and more pairs of properties on crypto exchanges compared to forex brokers
Crypto exchanges have also fallen victim to cyber attacks, exit scams, and FBI takedowns. While everyone can be hacked
Most cryptocurrency Brokers were built with a larger trading experience in mind. As such, they offer wide interfaces, support for 3rd party platforms and very customer support options.
Most cryptocurrency Brokers offer leverage- it can be for good or bad, but it left you the option to Leverage your investment
On most brokers, you paid swaps for both sides (selling or buying) “swap” – forex swap rate is defined as an overnight or rollover interest (that you earned or paid) for holding positions overnight in foreign exchange trading.
Online brokers have many years of experience with trading, developing platforms and ancillary services while the cryptocurrency ecosystem is still developing. If you are used to trading on the charts, from a mobile app or need all your EA robots for algo trading, a broker is a way to go.
withdrawal from forex broker usually takes less time than a cryptocurrency exchange
you can choose to trade with a forex broker, you should trade with a broker who has regulation to protect your money! For Example FCA regulation keeps your money, you have insurance of up to £ 50,000
large selection of other instruments like commodity and shares but offer fewer pairs of properties on crypto assets compared to crypto exchanges
Does not exist on Broker