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Cryptocurrency exchanges a.k.a. digital currency exchanges (DCE) come in all shapes and sizes. Additionally, every one has its own reputation, which we completely review here on our site. Each exchange provides its own payment system, tools to monitor cryptocurrency fluctuations as well as 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 instance 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 this exchange to your wallet. .
Exchanges can derive from the founders of digital currencies. On the other hand, the vast majority of all Cryptocurrency Exchanges are independent of those founders 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 that we review into sections, and then we test and review each area. This helps us reach an eventual overall rating of this 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 each review, which means you can easily browse each review and get to the specific 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. .
Take Binance for instance and check out their exchange resources. They offer their own BNB coins, which will be something not many exchanges provide, and so when we review websites like these, we add 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 like Poloniex that offer trading, exchange services and a special lending their website feature. We'd then add in a section about the Poloniex lending centre, 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 market, there are bound to be positive and negative testimonials and comments about each DCE. Some are just testimonials, and of course, 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 utilized an unsustainable business model. .
On the contrary, the huge bulk of exchanges are honest companies that use hazard management, high tech technology and directors that are experts within the financial industry. They understand how to market their own portfolio as well as provide a user-friendly interface that helps their members trade and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we now the following important factors that help us provide you an in-depth investigation of what every DCE Offers by testing:
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The summary just tells you about the company or DCE you will be dealing with. Most of the information in this section is going to be a historical summary of this DCE, where it is based, if the company has registered with any financial regulatory boards. Other information will be based on how the DCE was shaped and how many years they've been active. .
We might also supply some additional information which may 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 visitors to the website and out of which countries the visitors comes from.
In addition, we may mention any good or bad press that the company may 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 and the way in which they plan to or have continuously improved.
Obviously, the one reason people come to choose a digital currency exchange (DCE) is that they want to swap currencies. That means that you may own Bitcoin, however you believe this cryptocurrency is now losing its long-lasting equilibrium, but you see that Ethereum is potentially going to hike in value.