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.