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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 website. Each exchange provides its own payment system, tools to monitor cryptocurrency fluctuations in Addition to other features 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'll need to fund your account via a cryptocurrency wallet and transfer money from this exchange to your wallet. .
Exchanges can either derive from the creators of electronic currencies. On the other hand, the majority of Cryptocurrency Exchanges are independent of those founders that just allow those involved in the buying, selling, and exchanging of cryptocurrency to use the exchange to facilitate these actions.
We use 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 general 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 same subsection on every review, which means 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 only because what they must offer is exclusive for their exchange. .
Take Binance for instance and check out their exchange resources. They offer their own BNB coins, and this will be something not many exchanges offer, and so when we review sites such as these, we add new sections in to give you all of the information you need to know about this uniquely designed DCEs BNB offering. .
Additionally, there are companies like Poloniex that offer trading, exchange solutions and a special lending feature. We would then add in a section about the Poloniex lending facility, which is a characteristic you seldom see on any DCE, not to mention the fact that not many exchanges provide both margin trading as well as cryptocurrency exchanges all under one roof. .
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Just like any online marketplace, there are bound to be positive and negative testimonials and comments about each DCE. Some are only reviews, and of course, some are unjust reviews. 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 used an unsustainable business model. .
On the contrary, the huge majority of exchanges are honest companies which use risk management, higher tech technology and supervisors that are experts within the financial industry. They understand how to market their own portfolio as well as provide a user-friendly interface which helps their members trade and exchange cryptocurrencies effortlessly. .
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 has to offer by testing:
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The summary 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 overview of the DCE, where it's established, if 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 have been active. .
We may also supply some additional information which may be of interest. Perhaps you want to know more about the owners or the owners remain anonymous. How hot that the exchange is in terms of my site traffic to the site and out of which countries the traffic comes from.
In addition, we may mention any good or bad media that the company might have picked up since the DCEs inauguration into the digital world of cryptocurrencies as well as the way they dealt with issues 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 swap currencies. That 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 hike in value.