Like shares of company stock, cryptocurrencies are available for purchase from multiple providers using cash.
Two primary ways people buy crypto is via broker and exchange.
Cryptocurrency brokers, such as Coinbase, are financial intermediaries that execute a trade order on behalf of their clients.
Cryptocurrency exchanges, such as Gemini and Binance.US, are platforms where buyers and sellers trade directly, without the involvement of a third party.
When comparing exchange vs broker, customers often review what transaction fees, platform fees, and money-movement restrictions exist.
This material is for informational purposes only and should not be construed as financial, legal, or tax advice. You should consult your own financial, legal, and tax advisors before engaging in any transaction. Information, including hypothetical projections of finances, may not take into account taxes, commissions, or other factors which may significantly affect potential outcomes. This material should not be considered an offer or recommendation to buy or sell a security. While information and sources are believed to be accurate, UNest does not guarantee the accuracy or completeness of any information or source provided herein and is under no obligation to update this information.
