I bet most readers are familiar with stock brokers and exchanges but can be quite clueless as to how to buy cryptocurrencies. Cryptocurrency exchanges play the role of a broker as well as a marketplace. This is unlike stocks where you can have multiple brokers putting orders in the same exchange. This also means that you can have different price quotes on Bitcoin on different exchanges. Fees, price spreads, order types, liquidity, and the types of coins offered can differ widely too. To me, these are the key considerations when choosing a cryptocurrency exchange:

• Number of cryptocurrencies
• Trading fees
• Withdrawal fees
• Fund transfers
• Regulations

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