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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 on our website. Each exchange provides its own payment system, tools to monitor cryptocurrency fluctuations as well as other attributes that include:
Some exchanges allow you to exchange fiat currencies for 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 instance 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 wallet. .
Exchanges can derive from the creators of digital 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 every cryptocurrency exchange that we examine into sections, and then we test and review 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 attempt to cover each section using the same subsection on each review, so that you can easily navigate each review and get to the exact point of information that most interests you. Nonetheless, you will notice some reviews have unique or different sections added to the review simply because what they must offer is exclusive to their exchange. .
Require Binance for example and take a look at their exchange resources. They provide their own BNBÂ coins, and this is something not many exchanges provide, and so when we review websites like these, we include new sections in to give you all the information you need to know about this uniquely designed DCEs BNB offering. .
Additionally, there are companies such as Poloniex that provide trading, exchange solutions and a special lending attribute. We'd then add in a section about the Poloniex lending facility, 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 market, there are bound to be positive and negative reviews and comments about each DCE. Some are only reviews, and of course, several 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 since 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 supply 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 provide you an in-depth investigation of what each DCE has to offer 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 overview of this DCE, where it is based, if the company has registered with any financial regulatory boards. Additional information will be based on how the DCE was shaped and how many years they have been active. .
We might also supply some additional information that could be of interest. Maybe you would Continued like to know more about the owners or why the owners remain anonymous. How hot the exchange is in terms of traffic to the site and out of which countries the traffic comes from.
In addition, we may mention any good or bad press that the company might have picked up since the DCEs inauguration into the digital world of cryptocurrencies in addition to how they dealt with problems in the past and the way in which 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 this cryptocurrency is now losing its long-lasting stability, but you notice that Ethereum is potentially going to hike in value.