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Cryptocurrency exchanges a.k.a. digital currency exchanges (DCE) come in all shapes and sizes. Plus, each one has its own reputation, which we completely review here on our site. Each exchange offers its own payment system, tools to track cryptocurrency fluctuations in Addition to other attributes that include:
Some exchanges permit you to exchange fiat currencies for 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 vast majority of Cryptocurrency Exchanges are independent of the founders that just allow those involved in the buying, selling, and exchanging of cryptocurrency to utilize the exchange to facilitate these activities.
We use several deciding factors to speed a DEC.. We break down every cryptocurrency exchange that we examine into sections, and then we test and examine each area. This helps us reach an eventual general rating of the DVE in question.
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You will notice that no one size fits all in our testimonials. We attempt to cover every section using the same subsection on every review, so that you can easily navigate each review and reach the exact point of information that most interests you. Nonetheless, you may see some reviews have unique or different sections added to this review only because what they have to offer is exclusive to their exchange. .
Take Binance for example and take a look at their exchange tools. They provide their own BNBÂ coins, which is something not many exchanges provide, and so when we review sites such as these, we add new sections in to give you all the information you need to know about this uniquely designed DCEs BNB offering. .
There are also companies such as Poloniex that offer trading, exchange services and a special lending attribute. We'd then add in a section about the Poloniex lending centre, which will be 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 market, there are bound to be positive and negative reviews and comments about each DCE. Some are just testimonials, and naturally, several are unjust reviews. We aim to expose the rouge digital currency exchanges; such as Bitconnect where their Ponzi scheme crashed the value of the currency because they used an unsustainable business model. .
On the contrary, the large bulk of exchanges are honest companies which use hazard management, high tech technology and supervisors that are experts within the financial industry. They understand how to diversify their own portfolio in addition to supply a user-friendly interface that helps their members transaction and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we the following important factors that help us provide you an in-depth investigation of what every DCE has to offer by testing:
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The overview just tells you about the company or DCE that you will be dealing with. The majority of the information in this section will be a historical summary of this DCE, where it is established, if the company has registered with any financial regulatory boards. Other information will be based on how the DCE was formed and how many years they've been active. .
We might also provide 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 that the exchange is in terms of traffic to the website and from which countries the traffic comes from.
In addition, we might mention any good or bad media that the company may have original site picked up since the DCEs inauguration into the digital world of cryptocurrencies in addition to how they dealt with problems in the past and how they plan to or have continuously improved.
Obviously, the one reason people come to opt for a digital currency exchange (DCE) is that they want to swap currencies. That means you may own Bitcoin, but you feel that this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to increase in value.