Yes, you should always purchase bitcoin from a licenced bitcoin exchange. You can protect yourself from fraud and ensure the safety of your bitcoin by using a regulated broker. To avoid fraud, never buy bitcoin from another person through a third-party website or marketplace.

No, a broker is not required for purchasing Bitcoin, but using one can simplify the process. Bitcoin can be purchased directly through cryptocurrency exchanges like Coinbase, Binance, or Kraken, which allow users to buy, sell, and store Bitcoin without a traditional broker. These platforms often act like brokers themselves, offering easy access to Bitcoin transactions.

Alternatively, Bitcoin can be acquired peer-to-peer (P2P) through platforms that connect buyers and sellers directly. This method doesn't involve a broker, but may require more technical knowledge. Some investors may prefer using brokers for convenience, especially when integrating Bitcoin purchases into a broader investment strategy. Ultimately, whether to use a broker depends on individual preferences and experience.