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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 fully review on our site. Each exchange provides its own payment method, tools to monitor cryptocurrency fluctuations in Addition to other attributes that include:
Some exchanges allow you to exchange fiat currencies for purchasing 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 this exchange to your pocket. .
Exchanges can either derive from the founders of digital currencies. On the other hand, the vast 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 utilize several deciding factors to rate a DEC.. We break down each cryptocurrency exchange that we examine into sections, and then we test and review each area. This helps us reach an eventual general rating of this DVE in question.
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You may notice that no one size fits all in our reviews. We attempt to cover every section using the same subsection on each review, so you can easily browse each review and get to the exact point of information that most interests you. Nonetheless, you may notice some testimonials have unique or different sections added to the review simply because what they must offer is exclusive to their exchange. .
Take Binance for instance and check out their exchange tools. They provide their own BNBÂ coins, which will be 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 that you need to know about this uniquely designed DCEs BNB offering. .
There are also companies such as Poloniex that offer trading, exchange solutions and a special lending attribute. We would 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 as well as cryptocurrency exchanges all under one roof. .
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Just like any online market, there are bound to be positive and negative testimonials and comments about each DCE. Some are just testimonials, and of course, 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 huge majority of exchanges are honest companies which use hazard management, high tech technology and directors that are experts within the financial industry. They understand how to market their own portfolio in addition to provide a user-friendly interface which helps their members transaction and exchange cryptocurrencies smoothly. .
To gain an overall trust rating we now the following important variables that help us provide you an in-depth investigation of what every DCE has to offer by testing:
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The summary just tells you about the company or try this out DCE you will be dealing with. The majority of the information in this section will be a historic overview of the DCE, where it's established, if the company has enrolled with any financial regulatory boards. Additional information will be based on the way the DCE was shaped and how many years they've been active. .
We might also supply some additional information which could be of interest. Maybe you would like to know more about the owners or why the owners remain anonymous. How popular the exchange is in regard to traffic to the website and out of which countries the traffic comes from.
In addition, we may mention any bad or good media that the company might have picked up since the DCEs inauguration into the electronic world of cryptocurrencies in addition to how they dealt with problems in the past and the way in which they plan to or have continuously enhanced.
Evidently, the one reason people come to choose a digital currency exchange (DCE) is that they want to swap currencies. That means that you might own Bitcoin, however you believe this cryptocurrency is now losing its long-lasting stability, but you see that Ethereum is potentially going to hike in value.