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Know the difference between CryptoExchange and Crypto Brokerage before starting your business.<br><br>For more email us at sales@sanfrix.com
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What is the difference between a cryptocurrency exchange and brokerage? Copyright’s 2020 © Sanfrix Pvt Ltd All Rights Reserved For Further info contact sales@sanfrix.com Call us at: +65 9860 7215
What is Cryptocurrency Exchange? A traditional Crypto Currency Exchange is similar to Stock Exchange Trading. Where a user can buy or sell trading based on the current market price of the cryptocurrency. The exchange will act as a Middle-man and will charge a small charging fee for each exchange/trading. Some traders exchange FIAT Currency (like USD or EUR) for Cryptocurrency, other traders exchange between two Cryptocurrencies. What is a Cryptocurrency Brokerage? With the Crypto Brokerage, your funds are traded through a dealer’s network, as opposed to the central exchange and this is also known as Over the Counter (OTC) market. This brokerage finds sellers or buyers who individually hold a large pool of cryptocurrencies and pair them for sale. This is more flexible and more convenient with the settlement period that is generally faster than a crypto exchange Where should I invest Crypto Exchange or Crypto Brokerage? If you are a small trader who purchases a small amount of Cryptocurrency, and you hold and sell it in the future then choose Crypto Exchange. ● If you are going to invest in high volume trades then Crypto Brokerage would be your ideal option. ● Copyright’s 2020 © Sanfrix Pvt Ltd All Rights Reserved For Further info contact sales@sanfrix.com Call us at: +65 9860 7215