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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 completely review here on our site. Each exchange provides its own payment method, tools to track cryptocurrency fluctuations as well as other attributes that include:
Some exchanges allow you to exchange fiat currencies for the purchase of 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'll need to fund your account via a cryptocurrency wallet and transfer money from the exchange to your pocket. .
Exchanges can either derive from the founders of electronic currencies. On the other hand, the vast majority of all Cryptocurrency Exchanges are independent of those creators that simply 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 examine into sections, and then we test and examine each area. This helps us come to an eventual overall rating of this DVE in question.
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You may notice that no one size fits all in our reviews. We attempt to cover each section using the same subsection on every review, which means that you can easily navigate each review and get to the exact point of information that most interests you. Nonetheless, you may see some reviews have unique or different sections offered to this review simply because what they have to offer is exclusive to their exchange. .
Require Binance for example and check out their exchange tools. They offer their own BNB coins, and this will be something not many exchanges provide, and so when we review websites such as these, we include new sections in to give you all look at this site 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 distinctive 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 provide both margin trading in addition to 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 every DCE. Some are just reviews, and naturally, some are unjust websites reviews. We aim to expose the rouge digital currency exchanges; such as Bitconnect where their Ponzi scheme crashed the value of their currency since they used an unsustainable business model. .
On the contrary, the large bulk of exchanges are honest companies which use risk 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 which helps their members transaction and exchange cryptocurrencies effortlessly. .
To gain an overall trust rating we now the following important factors that help us give you an in-depth investigation of what every DCE has to offer by testing:
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The overview just tells you about the company or DCE that you will be dealing with. The majority of the information in this section will be a historical overview of the DCE, where it is based, if the company has enrolled with any financial regulatory boards. Other information will be contingent on how the DCE was shaped and how many years they've been active. .
We might also supply some additional information which could be of interest. Perhaps you would like to know more about the owners or why the owners remain anonymous. How hot the exchange is in terms of visitors to the website check out here and from which countries the traffic comes from.
In addition, we may mention any bad or good media that the company may have picked up since the DCEs inauguration into the digital world of cryptocurrencies in addition to the way they dealt with problems in the past plus the way in which they plan to or have continuously enhanced.
Evidently, the one reason people come to choose a digital currency exchange (DCE) is that they want to exchange currencies. That means you might own Bitcoin, however you believe this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to hike in value.