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Why you should be weary of coin brokers

Why You Should be Weary of Coin Brokers

When dealing with coin brokers you must be weary because the coins are obviously not theirs, so if they intend to sell the coin they will probably hike up the cash amount and you will have to try and get a bargain from them. Be sure that the broker does not pull a fast one on you by convincing you that you give them the coin and they will get back to you with the money. Make sure you are there as the deals go down.
Coin brokers are also not the most trustworthy people that you can buy coins from so if you do have to deal with them then watch their every move and know that they will try take you as high as they can so as to make a bigger profit for them and maybe their client. A coin broker is basically the person that brings together the seller and buyer and is the go between for the seller. If he or she is your broker than you probably pay them a commission if they either find for you a buyer or if they find a certain coin you may have wanted for your collection.
If you are to deal with a broker you must get an experienced one who has a good reputation and is known to do good deals. Also make sure he or she is someone you can trust because coin collection can be a very dirty game and brokers can play dirty. Be careful of people who are out to con you and make sure you check all the credentials first before letting anyone near your collection.

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