You may be wondering why Bitcoin brokers get such a bad rap. First, unregulated brokers don’t report to a governing body. Therefore, they can’t be held accountable for problems such as scams, system glitches, and money theft. However, regulated brokers must report any irregularities and complaints to the relevant regulators. Hence, you must be wary of such brokers. But despite their lack of regulation, they should not be avoided, as they can be a good place to trade in bitcoins.
As a newbie, it is easy to get discouraged by Bitcoin brokers’ bad reputations. However, you should not give up too easily. There are plenty of good options available on the market. For example, Hugo’s Way pays people for learning about crypto, with its Earn program. Besides, the mobile app makes it convenient to hold and spend Bitcoin. It also provides instant transfers to anyone around the world. Regardless of your skill level, you should not hesitate to try out this service and see for yourself.
eToro is a fintech company founded in 2007. The company offers a number of services, including trading in cryptocurrencies. The company is also popular with the general public, with a 4.7 rating from BrokerChooser based on more than 500 criteria. For its customer support, eToro has received a negative review from a client, and has since shut down. In a recent survey, the online financial news site Trustpilot ranked eToro as one of the best bitcoin exchanges.