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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 here on our website. Each exchange provides its own payment system, tools to monitor cryptocurrency fluctuations as well as other attributes that include:
Some exchanges permit 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 case 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 the exchange to your pocket. .
Exchanges can derive from the creators of electronic currencies. On the other hand, the vast majority of Cryptocurrency Exchanges are independent of the founders that simply 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 each cryptocurrency exchange that we examine into sections, and then we examine and examine each area. This helps us come to an eventual overall 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 exact same subsection on every review, which means you can easily browse each review and reach the specific point of information that most interests you. Nonetheless, you will see some testimonials have unique or different sections added to this review simply because what they must offer is exclusive to their exchange. .
Take Binance for instance and check out their exchange resources. They provide their own BNB coins, and this is something not many exchanges provide, and so when we review sites such as these, we add new sections in to give you all the information that you need to know about this uniquely designed DCEs BNB offering. .
There are also companies like Poloniex that offer trading, exchange solutions and a special lending feature. We'd then add in a section about the Poloniex lending facility, 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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As with any online market, there are bound to be positive and negative reviews and comments about every DCE. Some are only reviews, and of course, several are unjust reviews. We aim to expose the rouge digital currency exchanges; for example Bitconnect in which their Ponzi scheme crashed the value of their currency because they used an unsustainable business model. .
On the contrary, the huge bulk of exchanges are honest companies that use hazard management, high 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 that aids their members transaction and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we now the following important variables that help us provide you an in-depth investigation of what every DCE has to offer by testing:
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The summary just lets you know about the company or DCE that you will be dealing with. Most of the information in this section is going to be a historical summary of the DCE, where it's based, if the company has registered with any financial regulatory boards. Other information will be contingent on how the DCE was formed and how many years they've been active. .
We may also provide some additional information which visit may be of interest. Maybe you want to know more about the owners or why the owners remain anonymous. How hot the exchange is in regard to traffic to the website and from which countries the traffic comes from.
In addition, we might mention any bad or good press that the company might have picked up since the DCEs inauguration into the electronic world of cryptocurrencies in addition to the way they dealt with problems in the past plus how 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. This means you may own Bitcoin, but you believe this cryptocurrency is now losing its long-lasting equilibrium, but you see that Ethereum is potentially going to hike in value.