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Cryptocurrency exchanges a.k.a. digital currency exchanges (DCE) come in all shapes and sizes. Additionally, each one has its own reputation, which we completely review on our site. Each exchange offers its own payment method, tools to track cryptocurrency fluctuations in Addition to other attributes that include:
Some exchanges allow you to exchange fiat currencies to the purchase of cryptocurrencies; whileothers will only accept payment in cryptocurrency. Your cryptocurrency can then be exchanged for another cryptocurrency using the DCE. In the latter instance whereby, the exchange does not accept fiat currency, you'll need to fund your account via a cryptocurrency wallet and transfer money from the exchange to your pocket. .
Exchanges can either derive from the founders of digital currencies. On the other hand, the majority of all Cryptocurrency Exchanges are independent of the founders that simply allow those involved in the buying, selling, and exchanging of cryptocurrency to use the exchange to facilitate these actions.
We use several deciding factors to speed a DEC.. We break down every cryptocurrency exchange we examine into sections, and then we test and examine each area. This helps us come to an eventual general rating of the DVE in question.
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You may notice that no one size fits all in our reviews. We try to cover every section using the exact same subsection on each review, which means that you can easily navigate each review and reach the specific point of information that most interests you. Nonetheless, you may notice some testimonials have unique or different sections offered to this review only because what they must offer is exclusive for their exchange. .
Take Binance for example and check out their exchange tools. They provide their own BNB coins, and this will be something not many exchanges offer, and so when we review sites like these, we add new sections in to give you all the information you need to know about this uniquely designed DCEs BNB offering. .
Additionally, there are companies like Poloniex that provide trading, exchange solutions and a distinctive lending attribute. We would then add in a section about the Poloniex lending facility, which is a feature you seldom see on any DCE, not to mention the fact that not many exchanges provide both margin trading in addition to cryptocurrency exchanges all under one roof. .
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Just like any online marketplace, there are bound to be positive and negative testimonials and comments about each DCE. Some are only reviews, and naturally, some are unjust inspections. We aim to expose the rouge digital currency exchanges; for example Bitconnect where their Ponzi scheme crashed the value of the currency because they utilized an unsustainable business model. .
On the contrary, the huge majority of exchanges are honest companies which use risk management, high tech technology and supervisors that are experts within the financial industry. They understand how to market their own portfolio as well as supply a user-friendly interface which helps their members trade and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we the following important factors that help us give you an in-depth investigation of exactly what each DCE has to offer by testing:
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The overview just lets you know about the company or DCE you will be dealing with. The majority of the information in this section is going to be a historical overview of this DCE, where it is established, whether the company has enrolled with any financial regulatory boards. Additional information will be based on the way the DCE was formed and how many years they've been active. .
We may also supply some additional information that could be of interest. Perhaps you would like to know more about the owners or why the owners remain anonymous. How hot the exchange is in regard to traffic to the site and from which countries the traffic comes from.
In addition, we may mention any bad or good press that the company may have picked up since the DCEs inauguration into the electronic world of cryptocurrencies as well as how they dealt with issues in the past and how they plan to or have continuously improved.
Evidently, the one reason people come to choose a digital currency exchange (DCE) is that they want to exchange currencies. This means you might own Bitcoin, however you feel that this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to hike in value.