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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 completely review on our site. Each exchange provides its own payment system, tools to track cryptocurrency fluctuations as well as other features 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 case whereby, the exchange does not accept fiat currency, you will need to fund your account via a cryptocurrency wallet and transfer money from this exchange to your wallet. .
Exchanges can either derive from the founders of electronic currencies. On the other hand, the 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 activities.
We use several deciding factors to speed a DEC.. We break down each cryptocurrency exchange that we review into sections, and then we examine and review each area. This helps us come to 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 try to cover each section using the same subsection on each review, which means that you can easily navigate each review and get to the exact point of information that most interests you. Nonetheless, you will see some reviews have unique or different sections offered to this review only because what they must offer is exclusive for their exchange. .
Take Binance for example and check out their exchange tools. They provide their own BNBÂ coins, and this will be something not many exchanges provide, and so when we review websites such as these, we include new sections in to give you all of the information that you need to know about this uniquely designed DCEs BNB offering. .
Additionally, there are companies like Poloniex that provide trading, exchange solutions and a distinctive lending attribute. We'd then add in a section about the Poloniex lending centre, which will be a characteristic 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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As with any online marketplace, there are bound to be positive and negative testimonials and comments about every DCE. Some are just testimonials, and of course, several are unjust reviews. We aim to expose the rouge digital currency exchanges; for example Bitconnect where their Ponzi scheme crashed the value of the currency because they used an unsustainable business model. .
On the contrary, the huge bulk of exchanges are honest companies that use risk management, higher tech technology and directors that are experts within the financial industry. They understand how to diversify their own portfolio as well as supply a user-friendly interface that helps their members transaction and exchange cryptocurrencies effortlessly. .
To gain an overall trust rating we now the following important factors that help us give you an in-depth investigation of exactly what every DCE Offers 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 is going to be a historical summary of the DCE, where it is established, whether the company has enrolled with any financial regulatory boards. Other information will be contingent 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 the owners remain anonymous. How hot the exchange is in regard to traffic to the site and out of which countries the visitors comes from.
In addition, we may mention any bad or good media that the company check out this site might have picked up since the DCEs inauguration into the digital world of cryptocurrencies in addition to the way they dealt with issues in the past plus how 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. This means that you might 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.