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Cryptocurrency Exchanges

These are exchanges that are similiar to traditional stock exchanges where buyers and sellers trade based on the current market price of cryptocurrencies exchange, these type of trading platforms generally charge a fee for each transaction. Some of these types of exchanges deal only in cryptocurrency, others allow users to trade fiat currencies like the U.S. dollar for cryptocurrencies like Bitcoin. There are website-based exchanges that are like the currency exchanges at an airport.

They allow customers to buy and sell cryptocurrencies at a price set by the broker. Coinbase is an example of this type of exchange. Shapeshift provides a similar service as well This is the simplest solution for new users, since it is simple and easy, you’ll pay slightly higher prices than you do on the exchanges. Cryptocurrency Funds: Funds are pools of professionally managed cryptocurrency assets which allows public buy and hold cryptocurrency via the fund. Using a fund, you can invest in cryptocurrency without having to purchase or store it directly. In almost every case a person will want to use an exchange or broker. One will generally only want to use a direct trading platform when their options are limited. Meanwhile, while funds might be ideal to some, they tend to have a range of restrictions.

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