In the beginning of the emergence of cryptocurrencies, trading operations were concentrated between exchanges designated for this purpose, or through the external trading market (OTC) where the contracts are binary (i.e., they are only between two parties).
Subsequently, cryptocurrencies emerged as a specialized trading medium that could accommodate a wider and more global audience. Amid this boom, it was the turn of the cryptocurrency broker.
What is a cryptocurrency broker:
A cryptocurrency broker is a company or individual that acts as a link between the buyer and the cryptocurrency market. It acts as an agent for the buyer, which helps him secure the best deals in the cryptocurrency market.
Brokers usually charge the client in commission for their services. As the world increasingly turns to cryptocurrencies, traditional financial institutions such as banks are seeking to enter the cryptocurrency market. Thus, many of those institutions began to open brokerage departments for cryptocurrencies.
Since the cryptocurrency client entrusts to brokers a lot of private data, including identity documents and capital, the customer must verify their authenticity. It is imperative that the client seriously searches between the various crypto platforms to find the best reputable brokers. It is preferable to deal with experienced people and those with positive reviews.
Advice:
I advise you to ensure that the brokerage platform is in sync with the general market movements. If the client notices that the broker is manipulating prices, it is advisable to end dealing with him immediately.