Best Alternatives to Crypto Currency Exchanges

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

But for a number of reasons, this option is not suitable for everyone; some do not want to advertise their identity and citizenship, while for others the tools offered are not enough.

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 ordinary crypto-currency wallets, which many gradually began to forget about after they acquired an account on the exchange.

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

And also exchange one cryptocurrency for another and make transfers to other persons or receive funds to your wallet.

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

I myself use the TRUSTEE WALLET wallet in my work, a completely working option that allows you to both replenish your wallet from a bank card and withdraw money to the card itself. Calculations go quite quickly.

• The advantages are anonymity and absence of residency requirements for the owner, speed of transactions.
• The disadvantages include high commissions; when withdrawing to a card, they can reach 5%; it is preferable to transfer them to cash. Also, not all cryptocurrencies can be displayed on a card; it all depends on the blockchain on which they are based.

Due to high commissions, wallets are not very suitable for speculative cryptocurrency trading; for these purposes it is better to use the following option.

Cryptocurrency brokers are brokerage companies that allow you to perform transactions with cryptocurrency pairs on Forex. As a rule, leverage is also provided to increase trading volumes.

This option is ideal for those who want to make money by changing cryptocurrency rates.

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

The 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 are not satisfied with the working conditions on crypto exchanges, the described options can fully satisfy your needs.