Having understood the mechanisms and underlying technologies that support cryptocurrency. You may be wondering, how does one buy these digital assets. There are two avenues where trading occurs. They are available online, Also, can be accessed using a desktop computer, personal computer, or mobile phone.
Crypto Broker Exchanges
These include Crypto Brokers and Exchanges. So, the former is centralized in nature and functions in a similar manner as a stock exchange. Also, the buyers and sellers trade according to the market prices of different currencies. The exchange takes a certain percentage of the transactions as a facilitation fee.
Maybe the latter is a decentralized over-the-counter (OTC) market. Even these OTC platforms pair together individuals who intend to buy and sell large amounts of units, thereby enabling them to sell. The Crypto Brokers and Exchanges are more convenient since their services eliminate the struggle by either the buyers or sellers to look for people to buy from or sell to.