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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 method, tools to monitor 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'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 electronic currencies. On the other hand, the majority of Cryptocurrency Exchanges are independent of the founders that just 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 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 testimonials. We try to cover each section using the 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 see some reviews have unique or different sections added to the review simply because what they have to offer is exclusive to their exchange. .
Take Binance for example and check out their exchange tools. They offer their own BNB coins, which is something not many exchanges offer, and so when we review sites such as these, we include 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 services and a special lending feature. We'd then add in a section about the Poloniex lending centre, which will be a characteristic you rarely see on any DCE, not to mention the fact that not many exchanges offer 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 each DCE. Some are just testimonials, and of course, some are unjust reviews. We plan to expose the rouge digital currency exchanges; for example Bitconnect where their Ponzi scheme crashed the value of their currency because they utilized an unsustainable business model. .
On the contrary, the huge majority of exchanges are honest companies that use hazard management, higher technology technology and directors that are experts within the financial industry. They understand how to market their own portfolio in addition to supply a user-friendly interface that aids their members transaction and exchange cryptocurrencies smoothly. .
To gain an overall trust rating we the following important factors that help us provide you an in-depth investigation of exactly what every DCE Offers by testing:
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The summary just lets you know about the company or DCE you will be dealing with. The majority of the information in this section is going to be a historic summary of this DCE, where it's established, if the company has enrolled with any financial regulatory boards. Additional information will be contingent official statement 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 hot that the exchange is in terms of traffic to the site and from which countries the traffic comes from.
In addition, we may mention any good or bad press that the company might have picked up since the DCEs inauguration into the electronic world of cryptocurrencies in addition to the way they dealt with problems in the past plus how they plan to or have continuously improved.
Evidently, the one reason people come to opt for a digital currency exchange (DCE) is that they want to exchange currencies. That means you may own Bitcoin, however you believe that this cryptocurrency is now losing its long-lasting stability, but you notice that Ethereum is potentially going to hike in value.