March 2019
Intermediate to advanced
352 pages
8h 24m
English
Content preview from Cryptocurrency Investing For Dummies
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Chapter 6
Cryptocurrency Exchanges and Brokers
IN THIS CHAPTER
Understanding different types of crypto exchanges
Discovering crypto brokers
Exploring alternative methods of buying cryptocurrencies
After you’ve familiarized yourself with cryptocurrencies’ risks and rewards (see Chapters 2 and 3) and have decided that cryptocurrency investing is right for you, you’re ready to go crypto shopping! As you may guess, most of crypto shopping, investing, and trading occurs online; after all, we’re talking about digital assets. There are ways to pay cash to purchase digital currencies, but such transactions are uncommon. I mean, sure, if you have a friend who became a crypto millionaire and is looking to sell some crypto assets, you can simply give that person your cash in exchange for the cryptocurrencies.
The most popular way to buy cryptocurrencies, though, is to go directly through an online cryptocurrency exchange. However, depending on your cryptocurrency investing goals, you may need to consider alternative methods. For example, if you’re an active crypto trader, you may find a traditional cryptocurrency exchange or a broker easier to use. But if you want just to buy some cryptos ...
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