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Anyone interested in trading cryptocurrency will have heard of digital asset exchanges and digital asset brokers. However, only a few people can explain how the two trading platforms are different. Knowing what sets a digital asset broker and an exchange apart from each other is vital to making the right investment choices. This article explores the key differences between digital asset exchanges and digital asset brokers.
What Is a Digital Asset Exchange?
A digital asset exchange – or crypto exchange – is a centralized or decentralized platform where users can buy, sell, or exchange digital assets with other users. Digital asset exchanges support several digital currencies, including popular crypto like Bitcoin and Ethereum, while also offering cryptocurrency pairs such as BTC/THB, ETH/THB, and more.
Data from Forbes reveal almost 600 digital asset exchanges around the world offering people the opportunity to buy and sell crypto. Each of these crypto exchanges provides unique features and benefits, and they are all licensed by law to conduct digital asset business operations under their country’s regulations.
What Is a Digital Asset Broker?
Digital asset brokers, otherwise known as crypto brokers, act as convenient intermediaries for investing in digital currencies. Brokers offer digital services for people who want to buy and sell digital currencies or other assets. They also provide support and assistance at every step of the way to ensure faster and smoother transactions.
More importantly, crypto brokers create higher liquidity where they can identify trading pairs from all over the world, and offer investors quick access to a range of crypto assets.
However, if you’re looking for a secure and reliable way to buy, sell, or invest in crypto via a digital asset broker, you should always make sure that the platform is a certified digital asset business operator under the supervision of Thailand’s Securities and Exchange Commission (SEC).
Digital Asset Brokers and Exchanges Are Similar, Yet Very Different
Many cryptocurrency investors often buy and sell digital assets via a range of exchanges and brokers. Each platform offers many benefits, including:
- Diversity of Digital Assets
One of the main reasons people want to buy and sell crypto on digital asset exchanges and brokers is the diversity of digital currencies available on these platforms. Each crypto trading platform has at least 50 cryptocurrencies available. This means digital currency traders can search for the crypto with the highest investment potential, and add it to their crypto portfolio. Diversification also means better risk distribution, and allows you to invest in digital assets besides popular crypto like Bitcoin, Ethereum, Solana, or Ripple. - Accessibility for Every Level of Crypto Trader
Digital asset brokers and digital asset exchanges offer seamless trading experience for all investors, and are often optimized for both web browsers and mobile apps. This means that users can buy and sell crypto at any time, anywhere. Crypto trading platforms are also usually user-friendly by design. They are easy to navigate for beginners and experts, whether you’re using the trading platform to trade or review real-time crypto market data. Mobile apps usually feature comprehensive analysis tools to help users make informed decisions when investing in digital assets. - Security and Regulatory Compliance
All digital asset exchanges and digital asset brokers operating in Thailand must possess a digital asset business operator certificate from the Ministry of Finance, under the supervision of the Thai SEC. They must also be inspected and comply with regulations. This ensures that investors can securely trade and store their digital assets.Digital exchange brokers and exchanges in Thailand also need to maintain strict standards of security, including implementing KYC (Know Your Customer) practices and two-factor authentication (2FA) to confirm a user’s identity. Other security measures include using facial or fingerprint recognition software when users sign in or make transactions. - Additional Rewards and Benefits
Several digital asset brokers and digital asset exchanges offer special privileges to their members. This includes referral programs where users can refer the crypto trading platform to their friends, family, and more. In exchange, they receive a share of the crypto trading profits proportional to the number of referrals who sign up. Most trading platforms also share tips and insights into crypto investment, and focus on building a community where investors can share their experiences. - Excellent customer support
Investors in digital assets via an exchange or broker can be sure that they will receive 24-hour help and assistance for any issues or questions that might arise. For both types of trading platforms, their responsive customer support is always ready to help with problems you’re facing. Even with these similarities, crypto exchanges and crypto brokers have clear differences that affect how you can buy and sell crypto. Below are some of the main factors that separate the two.
Digital Asset Exchanges Don’t Use an Intermediary
Digital asset exchanges offer their own trading platform where users can buy and sell crypto directly, often available on both web and mobile apps. This means the speed of buying and selling digital assets can vary with the number of users and trading pairs available.
If you’re looking to trade a low volume digital currency, then there might be some delays in executing the order. On the other hand, popular digital assets take very little time to find a trading pair.
Digital Asset Brokers Provide an Intermediary to Trade Crypto
Digital asset brokers act as intermediaries that take orders from their users to buy and sell crypto. Brokers search for trading pairs from crypto markets in their country and around the world, ensuring their users are able to buy and sell digital assets as quickly as possible.
Another key characteristic of digital asset brokers is that trading your digital assets through an intermediary allows investors to buy the crypto they want faster, especially digital assets with lower liquidity. When digital asset brokers receive an order to buy or sell crypto assets, they will scour the crypto markets globally to find the best trading options.
Bitazza, the Digital Asset Broker Offering Crypto at Globally Competitive Prices from Markets around the World
Bitazza is the biggest intermediary in ASEAN for buying and selling currencies. We are a certified digital asset broker with a crypto trading platform where users can trade crypto using both our website and mobile app.
We empower Thai investors to buy and sell cryptocurrencies from around the world in Thai Baht, while enjoying high liquidity without having to stress about volume or finding trading pairs. That’s why Bitazza offers each user even greater opportunities for digital asset investors than the average trading platform.
Here’s what sets Bitazza apart in speed, security, and compliance in crypto trading:
- Buy and sell the crypto you want at globally competitive prices in Thai Baht. We help our users seize the opportunity to invest in trending digital assets at global prices. Buy crypto for less as the market drops, and sell for higher profits while the market rises. By offering high liquidity from crypto markets around the world, Bitazza offers our users competitive prices that match top global trends.
- Choose from several digital currencies. We select a diverse range of cryptocurrencies for our traders, including BTC, ETH, XRP, XLM, COMP, DAI and much more. We are committed to keeping you up to date on crypto news, so that Thai investors have access to all the latest crypto trends.
- Enjoy super secure trading with strict standards that protect all our users’ assets. We have measures in place to confirm the identity of each member of Bitazza, including two-factor authentication to ensure that every transaction is made by the owner of the digital asset. In addition to integrating Google Authenticator into our safety systems, we also require our users to confirm their identities via fingerprint scan or face ID.
- Build long-term passive income with Bitazza’s referral program. Simply by referring our platform to your friends, you earn a share of trading profits with many other special privileges and rewards.
- Enjoy OTC services like Bitazza Elite, our personal broker service designed specifically for your needs, and optimized to buy and sell large volumes of cryptocurrency. Bitazza Elite ensures transparency, security, and the best prices without the anxiety of crypto market volatility.
No matter how you invest in cryptocurrency, Bitazza is ready to help you reach your investment goals. We are dedicated to sharing knowledge on digital currencies, and growing a vibrant crypto community in Thailand and the ASEAN region. Sign up to Bitazza and download the app today.
* Cryptocurrency and digital tokens are highly risky; investors may lose all investment money. Investors should study information carefully and make investments according to their own risk profile.