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So you want to get into crypto? Great!
Not sure where to start? Tell me about it.
There are so many ways to invest that it could be quite a turnoff at first. But it can be easier. And you don’t have to go it alone. With a crypto broker, you’ll be able to invest with ease and peace of mind, knowing that your trades are in the hands of a trusted, resourceful team of experts.
Want to see if a crypto broker would be a good fit for you? Keep reading to learn why you should use a crypto broker to build out your portfolio.
1. Great For New Investors Cryptocurrency is kind of complicated. If you’re still tripping over concepts like slippage and words like liquidity ride right over your head, we get it. There are only a few true experts in this game. The rest of us are just holding on for dear life.
So what’s the best way to get into something new, quickly? Get help! For new investors, a crypto broker is a great place to start investing. Brokers have the industry knowledge to break down complex ideas in layman’s terms. They’ll hold your hand as you dip your foot into the deep ocean that is crypto.
2. Deeper Liquidity
Beyond playing the role of guide and teacher, crypto brokerages also offer something that most exchanges don’t: liquidity. Liquidity refers to the ease with which an investor can convert their assets into other forms of currency. This could be another token, coin, or actual cash.
With the right pairs, anyone can convert one coin into another. When using exchanges though, the likelihood of value fluctuation increases. Tack on additional service fees and your currency conversion may lose you money in the process.
With brokerages, this isn’t much of an issue. With simplified fees and direct access to the market, conversions are more affordable when done directly with a broker. There are fewer steps and fewer digital middlemen.
3. Dedicated Point of Contact A key difference between exchanges and working with a broker: they’re human! There’s no need to scour Google (NASDAQ:GOOGL) or a FAQ page to find answers to your market questions.
When working with a crypto broker you have someone that you can access on your time. With this contact, you can also initiate trades, and get thorough factual explanations on how market trends could impact your portfolio. Having someone in your corner like any of the brokers at Caleb & Brown is crucial when moving assets in a 24/7, always changing market.
4. Reduced Fees Since cryptocurrency brokerages have direct access to assets across various exchanges, there are fewer moving parts involved. In most cases, a trader will manually make your trades.
When there are fewer steps in the transaction, fees tend to be lower. Brokers won’t charge you any more than necessary to make a trade. For this reason, most crypto brokers will charge one flat transaction fee. This gives you peace of mind knowing that there will be no surprises once the transaction is made. Brokers also make your trade at the most optimal time, reducing slippage wherever possible.
5. Leverage a Team of Experts Although you have one point of contact, your broker is not doing it all alone. In most cases, they’ll be working alongside a team of experienced brokers, traders, and customer service representatives. You’re getting the collective knowledge of this entire team through one person.
Brokers are there to make your investing experience as seamless as possible. And with a team of crypto industry experts behind them, they will make sure all your questions and concerns are answered and explained thoroughly. If you prefer to explore and learn about crypto on your own time, most brokerages have thorough FAQs and information hubs available through their website.
6. Asset Custody What happens if you lose password access to your wallet? In many cases, your assets are permanently lost in the blockchain. That’s money, just gone into thin air. There are many ways to ensure this doesn’t happen to you. But what if your properly secured password is compromised anyway? How do you recover those losses?
Security is a fundamental aspect of crypto. But most of the work needs to be done by the investor to keep their assets secure. With a crypto broker, there is a mutual approach to keeping assets secure. As long as you hold up your end of the bargain, brokers like Caleb & Brown will provide custody for your assets. This is a rare advantage of working with a crypto broker; a service you’d be hard-pressed to find anywhere else.
7. Many Ways to Invest With a crypto broker, you are not limited by your sole identity when it comes to trading. You can trade as an individual, company, trust or self-managed retirement fund. Having this level of versatility is important for business owners and individuals alike. When tax season comes around, you want to avoid unnecessary fees that come with holding cryptocurrency. Having the ability to hold your funds in different ways may help avoid tax pains in the future.
Talk to a Broker Today A crypto broker is key to simplifying your investment experience. Be as hands-on or as hands-off as you’d like, with full knowledge that someone will be in your corner through every ebb and flow of the market.
The team of experts at Caleb & Brown can help you get started on your investing journey. Sign up for your free consultation today and discover all the ways you can invest in crypto.
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.
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