A broker mediates between the trader and the exchanges and is not in possession of the crypto coins themselves. A exchange is in possession of the crypto coins. A trader buys and sells directly on this exchange. Because a broker acts as an intermediary, the transaction costs here are almost always higher than when you trade directly on the exchange.
What is the difference between a broker and an exchange? Print
Modified on: Thu, 19 Nov, 2020 at 10:51 AM
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