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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 fully review on our site. Each exchange offers its own payment method, tools to monitor cryptocurrency fluctuations as well as other features that include:
Some exchanges allow you to exchange fiat currencies to 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 will need to fund your account by means of a cryptocurrency wallet and transfer money out of the exchange to your pocket. .
Exchanges can either derive from the creators of electronic currencies. On the other hand, the vast majority of Cryptocurrency Exchanges are independent of those creators that just allow those involved in the buying, selling, and exchanging of cryptocurrency to use the exchange to facilitate these activities.
We utilize several deciding factors to speed a DEC.. We break down every cryptocurrency exchange that we examine into sections, and then we examine and review each area. This helps us reach 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 try to cover every section using the same subsection on every review, which means you can easily navigate 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 only because what they have to offer is exclusive for their exchange. .
Require Binance for example and check out their exchange resources. They offer 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 of the information that 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 feature. We would then add in a section about the Poloniex lending centre, which is a feature you rarely 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 reviews and comments about every DCE. Some are just reviews, and naturally, some 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 because they used an unsustainable business model. .
On the contrary, the huge majority of exchanges are honest companies which use risk management, high tech technology and supervisors that are specialists within the financial industry. They understand how to market their own portfolio as well as supply a user-friendly interface which aids their members transaction and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we the following important factors that help us give 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 that you will be dealing with. The majority of the information in this section will be a historic summary of this DCE, where it's based, whether the company has enrolled with any financial regulatory boards. Additional information will be based on how the DCE was formed and how many years they have been active. .
We may also provide some additional information which may be of interest. Maybe you want to know more about the owners or why the owners remain anonymous. How popular the exchange is in terms of visitors to the site and from which countries the visitors comes from.
In addition, we may 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 you can try these out the way they dealt with issues in the past plus how they plan to or have continuously enhanced.
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 feel this cryptocurrency is now losing its long-lasting stability, but you notice that Ethereum is potentially going to hike in value.