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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 here on our site. Each exchange offers its own payment system, tools to track cryptocurrency fluctuations as well as other attributes that include:
Some exchanges permit you to exchange fiat currencies for 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 either derive from the founders of digital currencies. On the other hand, the majority of Cryptocurrency Exchanges are independent of those creators that simply allow those involved in the buying, selling, and exchanging of cryptocurrency to utilize the exchange to facilitate these actions.
We utilize several deciding factors to speed a DEC.. We break down each cryptocurrency exchange that we review into sections, and then we test and review each area. This helps us reach an eventual overall rating of this DVE in question.
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You may notice that no one size fits all in our testimonials. We attempt to cover every section using the exact same subsection on every review, so that you can easily navigate each review and get to the exact point of information that most interests you. Nonetheless, you will notice some reviews have unique or different sections added to the review only because what they must offer is exclusive for their exchange. .
Take Binance for example and take a look at their exchange tools. 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 you need to know about this uniquely designed DCEs BNB offering. .
There are also companies like Poloniex that provide trading, exchange services 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 click now 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 every DCE. Some are just reviews, and naturally, some are unjust reviews. We aim to expose the rouge digital currency exchanges; for example Bitconnect in which their Ponzi scheme crashed the value of the currency because they used an unsustainable business model. .
On the contrary, the large majority of exchanges are honest companies that use risk management, higher technology technology and directors that are experts within the financial industry. They understand how to diversify their own portfolio as well as provide a user-friendly interface which helps 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 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. Most of the information in this section is going to be a historic overview of the DCE, where it is based, if the company has enrolled with any financial regulatory boards. Other information will be based on how the DCE was shaped and how many years they have been active. .
We might also provide some additional information which could be of interest. Perhaps 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 site and from which countries the visitors comes from.
In addition, we may mention any bad or good media that the company may have picked up since the DCEs inauguration into the digital world of cryptocurrencies as well as the way they dealt with issues in the past plus the way in which they plan to or have continuously enhanced.
Obviously, the one reason people come to opt for a digital currency exchange (DCE) is that they want to swap currencies. That means that you might own Bitcoin, however you feel this cryptocurrency is now losing its long-lasting stability, but you notice that Ethereum is potentially going to hike in value.