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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 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 by means of a cryptocurrency wallet and transfer money from this exchange to your pocket. .
Exchanges can either derive from the founders of electronic currencies. On the other hand, the majority of all Cryptocurrency Exchanges are independent of the creators that simply allow those involved in the buying, selling, and exchanging of cryptocurrency to use the exchange to facilitate these activities.
We use several deciding factors to rate a DEC.. We break down every cryptocurrency exchange we review into sections, and then we examine and review each area. This helps us reach an eventual overall rating of the DVE in question.
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You may notice that no one size fits all in our testimonials. We try to cover every section using the same subsection on each review, so that you can easily browse each review and reach the specific point of information that most interests you. Nonetheless, you will notice some reviews have unique or different sections offered to the review only because what they have to offer is exclusive for their exchange. .
Take Binance for example and take a look at their exchange tools. They provide their own BNB coins, which will be something not many exchanges offer, 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. .
Additionally, there are companies like Poloniex that offer trading, exchange solutions and a distinctive lending feature. We'd then add in a section about the Poloniex lending centre, which is a feature 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 reviews and comments about every DCE. Some are just testimonials, and of course, some are unjust inspections. We aim 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 huge bulk of exchanges are honest companies which use risk management, high tech technology and supervisors that are experts within the financial industry. They understand how to diversify their own portfolio in addition to supply a user-friendly interface that aids their members trade and exchange cryptocurrencies effortlessly. .
To gain an overall trust rating we now the following important variables that help us provide you an in-depth link investigation of what every DCE Offers 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 summary of the DCE, where it's based, if the company has enrolled 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 might also supply some additional information that could be of interest. Maybe you want to know more about the owners or why the owners remain anonymous. How popular that the exchange is in regard to traffic to the website and out of which countries the traffic comes from.
In addition, we may mention any bad or good media that the company might 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 plus how they plan to or have continuously improved.
Evidently, the one reason people come to opt for a digital currency exchange (DCE) is that they want to swap currencies. That means that you might own Bitcoin, but you feel that this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to increase in value.