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Choosing a Crypto Broker

The concept of wholly online casinos would have seemed far-fetched as recently as a decade ago. Land-based casinos were the option of choice for many players even after virtual casinos claimed their place in the market. Today, the idea of playing from home is one that has enticed many individuals to search for a good online fit for their needs. 

Crypto casinos such as VIP Coin offer users the extensive catalog and security of brick-and-mortar casinos along with the convenience of online-only casinos. Not only do you have the choice of cryptocurrencies with crypto casinos, but you can also often pick and choose your crypto broker. 

What are crypto brokers?

Cryptocurrency has quickly gained popularity among individuals from all walks of life. While using it might not be quite as easy as visiting an ATM or a bank, the process does not have to be a difficult one. 

Crypto brokers, sometimes known as crypto exchanges, offer the ability to exchange fiat currency for cryptocurrency as painlessly and quickly as possible. This gives you the opportunity to quickly trade government-issued money such as the USD for the crypto option of your choice. There are plenty to choose from, with ‘old school’ cryptocurrencies such as Bitcoin vying for attention with newer options such as Dogecoin. 

How should I choose a crypto broker?

Just as you would research a new bank, it is important to spend some time looking into the best crypto brokers for your needs. Take a look at when each crypto broker was founded as well as any online reviews of the service, and keep that information firmly in mind when making a decision. Opt for a broker that offers transparency and favorable account minimum and commission amounts. Ideally, you should pick a service that does not charge you a significant fee to use it. Depending upon your specific needs, an account without a minimum might also be a good choice. 

Let’s take a look at some popular crypto brokers to consider. 

Robinhood

Robinhood is a popular choice among experienced and beginner users alike. It makes the process of buying and selling cryptocurrency an easy and straightforward one and charges no commission fees. It also does not have account minimums.

Coinbase

Coinbase is one of the most well-known crypto brokers on the market. This popularity is born from trust and user confidence in the broker’s services, which have been secure and reliable throughout its history. The exchange offers users access to dozens of cryptocurrencies but charges a steeper commission than Robinhood at around 1.99% or more per transaction value.

TradeStation

TradeStation is another great choice for buying and selling cryptocurrency. Its commission structure is quite fair, with users facing only 0.05% to 0.3% in fees per transaction. It also does not charge an account minimum.

If you are interested in getting started with cryptocurrency, don’t worry – the process can be quick and easy. Pick the best crypto broker for your needs, purchase the currency of your choice, and start playing!

Author Details

Anastasia Shamko
Anastasia Shamko has over 8 years of experience working with casinos and gambling industry operators. She specialises in writing content, articles and posts about the betting industry, gambling, traditional and online casinos.

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