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Cryptocurrency exchanges a.k.a. digital currency exchanges (DCE) come in all shapes and sizes. Plus, every one has its own reputation, which we fully 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 will need to fund your account by means of a cryptocurrency wallet and transfer money out of 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 those founders that just allow those involved in the buying, selling, and exchanging of cryptocurrency to utilize the exchange to facilitate these actions.
We use several deciding factors to rate a DEC.. We break down each cryptocurrency exchange we examine into sections, and then we examine and review each area. This helps us come to an eventual general rating of this DVE in question.
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You will notice that no one size fits all in our reviews. We attempt to cover each section using the same subsection on every review, which means 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 have to offer is exclusive for their exchange. .
Take Binance for instance and check out their exchange resources. They provide their own BNB coins, which will be something not many exchanges provide, and so when we review sites such as these, we add new sections in index 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 services and a distinctive lending attribute. We would then add in a section about the Poloniex lending facility, which will be a feature you rarely see on any DCE, not to mention the fact that not many exchanges provide both margin trading as well as cryptocurrency exchanges all under one roof. .
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As with any online marketplace, there are bound to be positive and negative testimonials and comments about each DCE. Some are only reviews, and of course, several are unjust reviews. We plan to expose the rouge digital currency exchanges; such as 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 that use risk management, higher 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 that aids their members trade and exchange cryptocurrencies smoothly. .
To gain an overall trust rating we the following important factors that help us give you an in-depth investigation of exactly what each DCE Offers by testing:
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The summary just tells you about the company or DCE you will be dealing with. The majority of the information in this section will be a historic overview like this of this DCE, where it is established, whether the company has enrolled with any financial regulatory boards. Other information will be contingent on how the DCE was formed and how many years they've been active. .
We may also provide some additional information which may be of interest. Perhaps you would like to know more about the owners or the owners remain anonymous. How hot the exchange is in regard to visitors to the site and out of 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 plus the way in which 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. This means you may own Bitcoin, however you believe that this cryptocurrency is now losing its long-lasting stability, but you notice that Ethereum is potentially going to increase in value.