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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 completely review on our site. Each exchange provides its own payment system, tools to monitor cryptocurrency fluctuations as well as other features that include:
Some exchanges allow 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 instance whereby, the exchange does not accept fiat currency, you will need to fund your account via a cryptocurrency wallet and transfer money out of the exchange to your pocket. .
Exchanges can derive from the founders of electronic currencies. On the other hand, the majority of all Cryptocurrency Exchanges are independent of the creators that just allow those involved in the buying, selling, and exchanging of cryptocurrency to utilize 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 examine and review each area. This helps us come to 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 attempt to cover every section using the exact same subsection on every review, which means you can easily browse each review and reach the exact point of information that most interests you. Nonetheless, you will see some reviews have unique or different sections offered to this review simply because what they have to offer is exclusive for their exchange. .
Take Binance for example and take a look at their exchange tools. They offer their own BNB coins, which is something not many exchanges provide, and so when we review sites such as these, we add new sections in to give you all of the information that you need to know about this uniquely designed DCEs BNB offering. .
Additionally, there are companies such as Poloniex that offer trading, exchange solutions and a special lending feature. We'd then add in a section about the Poloniex lending centre, which will be a characteristic 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 reviews and comments about every DCE. Some are just reviews, 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 large majority of exchanges are honest companies that use hazard management, high tech technology and directors that are specialists within the financial industry. They understand how to diversify their own portfolio as well as provide a user-friendly interface that helps their members transaction and exchange cryptocurrencies smoothly. .
To gain an overall trust rating we now the following important factors that help us give you an in-depth investigation of exactly what each DCE Offers by testing:
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The overview just lets you know about the company or DCE you will be dealing with. Most of the information in this section will be a historic summary of the DCE, where it is based, if the company has enrolled with any financial regulatory boards. Additional information will be based on the way the DCE was formed and how many years they've been active. .
We might also provide some additional information that could be of interest. Maybe you would like to know more about the owners or why the owners remain anonymous. How popular that the exchange is in regard to traffic to the site and from which countries the traffic comes from.
In addition, we might mention any good or bad press that the company may have picked up since the DCEs inauguration into the electronic world of cryptocurrencies in addition to how they dealt with problems in the past plus 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 link means that you might 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.