The Best Alternatives to Cryptocurrency Exchanges

One of the most popular options for trading cryptocurrencies is cryptocurrency exchanges.

However, for a number of reasons, this option is not suitable for everyone: some do not want to advertise their identity and citizenship, while others find the tools offered insufficient.

Today, there are two alternative options for trading cryptocurrencies, each of which has its own advantages and disadvantages and can be used depending on the objectives.

The first is regular cryptocurrency wallets, which many gradually began to forget about after getting an account on an exchange.

A cryptocurrency wallet allows you to anonymously buy and sell cryptocurrencies, including stablecoins, using regular currencies.

You can also exchange one cryptocurrency for another and make transfers to other people or receive funds to your wallet.

It is installed on a mobile phone or flash drive and can be used anywhere where there is Internet access.

I personally use the TRUSTEE WALLET wallet in my work; it's a fully functional option that allows you to both top up the wallet from a bank card and withdraw funds directly to the card. Payments are quite fast.

• The advantages are anonymity and no requirements for the owner’s residency, as well as the speed of transactions.
• Disadvantages include high fees, which can reach 5% when withdrawing to a card; it's preferable to transfer funds in cash. Also, not all cryptocurrencies can be withdrawn to a card, depending on the blockchain they're based on.

Due to high fees, wallets are not ideal for speculative crypto trading; for these purposes, it is better to use the following option.

Cryptocurrency brokers are brokerage companies that allow trading in cryptocurrency pairs on Forex. Leverage is typically offered to increase trading volumes.

This option is ideal for those who want to make money on cryptocurrency price fluctuations.

The main advantage here is the minimal commissions when opening transactions and the speed of their execution, which is on average less than one second.

Disadvantages include the need to undergo identity verification, but as a rule, brokers work with almost any country.

List of cryptocurrency brokers – https://time-forex.com/kriptovaluty/brokery-kriptovalut

If for some reason you're not satisfied with the working conditions on crypto exchanges, the options described may fully satisfy your needs.