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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 website. Each exchange provides its own payment system, tools to monitor cryptocurrency fluctuations as well as other features that include:
Some exchanges permit 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 case 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 those founders that simply allow those involved in the buying, selling, and exchanging of cryptocurrency to use the exchange to facilitate these actions.
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 review each area. This helps us reach an eventual overall rating of the DVE in question.
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You will notice that no one size fits all in our reviews. We attempt to cover every section using the same subsection on every review, so you can easily browse each review and reach the exact point of information that most interests you. Nonetheless, you will see some testimonials have unique or different sections offered to the review simply because what they have to offer is exclusive to their exchange. .
Require Binance for example and take a look at their exchange tools. They offer their own BNB coins, which will be something not many exchanges provide, and so when we review sites like these, we include new sections in to give you all of the information you need to know about this uniquely designed DCEs BNB offering. .
Additionally, there are companies like Poloniex that provide trading, exchange services and a special lending attribute. We would then add in a section about the Poloniex lending centre, which is a characteristic 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 marketplace, there are bound to be positive and negative testimonials and comments about every DCE. Some are just reviews, and naturally, several are unjust inspections. We aim to expose the rouge digital currency exchanges; for example Bitconnect where their Ponzi scheme crashed the read what he said value of the currency because they utilized an unsustainable business model. .
On the contrary, the large bulk of exchanges are honest companies that use hazard management, high technology technology and supervisors that are experts within the financial industry. They understand how to diversify their own portfolio as well as supply a user-friendly interface which helps their members transaction and exchange cryptocurrencies effortlessly. .
To gain an overall trust rating we the following important factors that help us give you an in-depth investigation of what each DCE has to offer by testing:
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The overview just lets you know about the company or DCE that you will be dealing with. Most of the information in this section will be a historic summary of the DCE, where it's established, whether the company has registered with any financial regulatory boards. Other information will be based on the way the DCE was formed and how many years they've been active. .
We may also provide some additional information which 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 traffic to the site and out of 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 problems in the past and how they plan to or have continuously improved.
Obviously, 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, but you believe this cryptocurrency is now losing its long-lasting equilibrium, but you see that Ethereum is potentially going to hike in value.