DislikedAnd I have a question. If you want to trade bitcoin then why not go with exchanges specially created for cryptocurrency. Why normal brokers?Ignored
And there are some drawbacks of trading BTC on exchanges.
- For brokers, spreads include the trading costs. But for Exchange, there are spreads and then the commissions on top of it based on the trading volume.
-Then security is another issue. Most crypto exchanges offer less security, higher costs. Often time, there were security issues as many exchanges are prone to scams.
-About leverage, maximum leverage would go till 1:3 whereas, normal brokers tend to offer more than 1:3 which enables flexibility to the traders.
so l would prefer trading with brokers than the crypto exchanges.