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Cryptocurrency exchanges a.k.a. digital currency exchanges (DCE) come in all shapes and sizes. Additionally, each one has its own reputation, which we fully review on our site. Each exchange offers its own payment system, tools to track cryptocurrency fluctuations in Addition to other attributes that include:
Some exchanges allow you to exchange fiat currencies to 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 this exchange to your pocket. .
Exchanges can derive from the creators of digital currencies. On the other hand, the vast majority of all Cryptocurrency Exchanges are independent of those creators that just allow those involved in the buying, selling, and exchanging of cryptocurrency to utilize the exchange to facilitate these activities.
We use several deciding factors to rate a DEC.. We break down each cryptocurrency exchange we examine into sections, and then we test and examine each area. This helps us come to an eventual general rating of this DVE in question.
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You will notice that no one size fits all in our reviews. We try to cover every section using the exact same subsection on every review, which means that you can easily navigate each review and get to the specific point of information that most interests you. Nonetheless, you may notice some testimonials have unique or different sections offered to the review only because what they must offer is exclusive to their exchange. .
Take Binance for example and take a look at their exchange tools. They offer their own BNB coins, and this will be something not many exchanges offer, and so when we review websites such as these, we include new sections in to give you all of the information 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 feature 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 only testimonials, and naturally, several are unjust inspections. We aim to 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 majority of exchanges are honest companies which use hazard management, higher tech technology and directors that are experts within the financial industry. They understand how to market their own portfolio in addition to provide a user-friendly interface that aids their members trade and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we the following important variables that help us give you an in-depth investigation of exactly what each DCE Offers by testing:
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The overview just tells you about the company or DCE you will be dealing with. The majority of the information in this section will be a historic summary of this DCE, where it is established, whether the company has enrolled with any financial regulatory boards. Additional information will be based on the way 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 why the owners this content remain anonymous. How popular that the exchange is in terms of visitors to the site and out of which countries the visitors comes from.
In addition, we may mention any bad or good press that the company might have picked up since the DCEs inauguration into the electronic world of cryptocurrencies as well as the way they dealt with problems in the past and how they plan to or have continuously enhanced.
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 may own Bitcoin, however you believe that this cryptocurrency is now losing its long-lasting stability, but you see that Ethereum is potentially going to hike in value.