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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 here on our site. Each exchange provides its own payment system, tools to monitor cryptocurrency fluctuations as well as other attributes that include:
Some exchanges allow you to exchange fiat currencies to the purchase of cryptocurrencies; while, others 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 will need to fund your account by means of a cryptocurrency wallet and transfer money out of the exchange to your pocket. .
Exchanges can derive from the founders of digital currencies. On the other hand, the vast majority of Cryptocurrency Exchanges are independent of the founders that just allow those involved in the buying, selling, and exchanging of cryptocurrency to use the exchange to facilitate these actions.
We utilize several deciding factors to rate a DEC.. We break down every cryptocurrency exchange we review into sections, and then we examine and examine each area. This helps us come to an eventual overall rating of the DVE in question.
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You will notice that no one size fits all in our testimonials. We try to cover every section using the same subsection on each review, so that you can easily browse each review and reach the exact point of information that most interests you. Nonetheless, you may see some testimonials have unique or different sections added to this review simply because what they must offer is exclusive to their exchange. .
Take Binance for instance and check out their exchange resources. They offer their own BNB coins, and this will be something not many exchanges offer, and so when we review websites such as these, we add new sections in to give you all of the information that you need to know about this uniquely designed DCEs BNB offering. .
There are also companies like Poloniex that offer trading, exchange solutions and a distinctive lending feature. We'd then add in a section about the Poloniex lending facility, which is a characteristic you rarely 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 market, explanation there are bound to be positive and negative reviews and comments about visit here every DCE. Some are just testimonials, and of course, some are unjust inspections. We aim to expose the rouge digital currency exchanges; for example Bitconnect where their Ponzi scheme crashed the value of their currency since they used an unsustainable business model. .
On the contrary, the huge majority of exchanges are honest companies which use risk management, higher tech technology and supervisors that are experts within the financial industry. They understand how to market their own portfolio in addition to provide a user-friendly interface that helps their members transaction and exchange cryptocurrencies effortlessly. .
To gain an overall confidence rating we now the following important variables that help us provide you an in-depth investigation of what every DCE Offers 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 will be a historic summary of this DCE, where it is based, if the company has registered with any financial regulatory boards. Other information will be contingent on the way the DCE was shaped and how many years they have been active. .
We might also provide some additional information that could be of interest. Maybe you want to know more about the owners or why the owners remain anonymous. How hot that the exchange is in terms of visitors to the website and from which countries the traffic comes from.
In addition, we might mention any good or bad press that the company might 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 that you may own Bitcoin, but you feel this cryptocurrency is now losing its long-lasting stability, but you notice that Ethereum is potentially going to increase in value.