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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 completely review on our site. Each exchange provides its own payment system, tools to track cryptocurrency fluctuations in Addition to other attributes that include:
Some exchanges permit you to exchange fiat currencies for the purchase of 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 will need to fund your account by means of a cryptocurrency wallet and transfer money from the exchange to your wallet. .
Exchanges can derive from the creators of digital currencies. On the other hand, the vast majority of Cryptocurrency Exchanges are independent of those creators 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 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 may notice that no one size fits all in our reviews. We attempt to cover each section using the exact same subsection on every review, which means you can easily navigate each review and reach the exact point of information that most interests you. Nonetheless, you will notice some reviews have unique or different sections added to this review only because what they have to offer is exclusive for their exchange. .
Take Binance for instance and check out their exchange tools. They offer their own BNB coins, and this is something not many exchanges provide, and so when we review websites like these, we add new sections in to give you all the information you need to know about this uniquely designed DCEs BNB offering. .
There are also companies such as Poloniex that provide trading, exchange services and a special lending feature. We'd 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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As with any online marketplace, there are bound to be positive and negative testimonials and comments about every DCE. Some are only testimonials, and naturally, several are unjust inspections. We aim to check expose the rouge digital currency exchanges; such as Bitconnect where their Ponzi scheme crashed the value of their currency because they used an unsustainable business model. .
On the contrary, the large bulk of exchanges are honest companies that use risk management, high technology technology and directors that are specialists within the financial industry. They understand how to market their own portfolio in addition to provide a user-friendly interface which helps their members transaction and exchange cryptocurrencies effortlessly. .
To gain an overall confidence rating we the following important factors that help us give you an in-depth investigation of exactly what each DCE has to offer by testing:
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The overview just tells you about the company or DCE you will be dealing with. Most of the information in this section will be a historic overview of the DCE, where it's based, if the company has enrolled 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 might also supply some additional information which could be of interest. Perhaps you want to know more about the owners or why the owners remain anonymous. How popular the exchange is in regard to visitors to the website and from which countries the traffic comes from.
In addition, we might mention any good or bad media that the company may have picked up since the DCEs inauguration into the electronic world of cryptocurrencies as well as how they dealt with issues in the past and how they plan to or have continuously enhanced.
Obviously, the one reason people come to choose a digital currency exchange (DCE) is that they want to exchange currencies. This means you may own Bitcoin, however you feel this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to hike in value.