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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 here on our website. Each exchange provides its own payment method, tools to track cryptocurrency fluctuations as well as other features that include:
Some exchanges permit you to exchange fiat currencies to purchasing cryptocurrencies; whileothers 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 out of the exchange to your pocket. .
Exchanges can derive from the creators of electronic currencies. On the other hand, the vast 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 actions.
We utilize several deciding factors to rate a DEC.. We break down each cryptocurrency exchange we review into sections, and then we test 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 each section using the exact same subsection on each review, so that you can easily browse each review and reach the exact point of information that most interests you. Nonetheless, you will notice some reviews have unique or different sections offered to the review simply because what they must 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 websites like 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 would then add in a section about the Poloniex lending centre, which is a feature you seldom 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 only reviews, and naturally, 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 since they used an unsustainable business model. .
On the contrary, the large majority of exchanges are honest companies that use risk management, higher tech technology and supervisors that are experts within the financial industry. They understand how to diversify their own portfolio as well as provide a user-friendly interface that helps their members trade and exchange cryptocurrencies effortlessly. .
To gain an overall confidence rating we now the following important factors that help us give you an in-depth investigation of what each 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. The majority of the information in this section is going to be a historical overview of the DCE, where it is established, if the company has enrolled with any financial regulatory boards. Other information will be based on how the DCE was shaped and how many years they have been active. .
We may also supply 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 the exchange is in terms of traffic to the site and from which countries the visitors comes from.
In addition, we might mention any bad or good media that the company may have picked up since the DCEs inauguration into the digital world of cryptocurrencies in addition to how they dealt with issues in the past plus how they plan to or have continuously improved.
Obviously, the one reason people come to opt for a digital currency exchange (DCE) is that they want to exchange currencies. That means that you might own Bitcoin, however you feel this cryptocurrency is now losing its long-lasting equilibrium, but you browse around here see that Ethereum is potentially going to hike in value.