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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 provides its own payment method, tools to monitor cryptocurrency fluctuations as well as 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 case whereby, the exchange does not accept fiat currency, you will need to fund your account via 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 all Cryptocurrency Exchanges are independent of the creators 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 speed a DEC.. We break down every cryptocurrency exchange that we review into sections, and then we examine 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 each review, which means you can easily browse each review and get to the specific point of information that most interests you. Nonetheless, you may see some reviews have unique or different sections added to this review only because what they must offer is exclusive for their exchange. .
Take Binance for instance and take a look at their exchange resources. They offer their own BNB coins, which is 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 that you need to know about this uniquely designed DCEs BNB offering. .
There are also companies like Poloniex that provide trading, exchange services and a special lending feature. 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 offer both margin trading website link 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 reviews and comments about every DCE. Some are only testimonials, and of course, several are unjust inspections. We plan to expose the rouge digital currency exchanges; such as Bitconnect in which their Ponzi scheme crashed the value of their currency because they utilized an unsustainable business model. .
On the contrary, the large majority of exchanges are honest companies which use risk management, high tech technology and directors 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 transaction and exchange cryptocurrencies effortlessly. .
To gain an overall confidence rating we now the following important factors that help us provide you an in-depth investigation of exactly what each DCE has to offer by testing:
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The overview just lets you know about the company or DCE you will be dealing with. The majority of the information in this section will be a historical summary of this DCE, where it is based, if the company has registered with any financial regulatory boards. Other information will be based on the way the DCE was shaped and how many years they've been active. .
We may also provide some additional information that may be of interest. Maybe you would like to know more about the owners or the owners remain anonymous. How popular the exchange is in terms of traffic to the website and from which countries the visitors comes from.
In addition, we might mention any good or bad press that the company may have picked up since the DCEs inauguration into the digital world of cryptocurrencies as well as how they dealt with issues 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. This means you may own Bitcoin, but you feel that this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to hike in value.