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Cryptocurrency exchanges a.k.a. digital currency exchanges (DCE) come in all shapes and sizes. Plus, each one has its own reputation, which we fully review on our website. Each exchange provides its own payment method, tools to monitor cryptocurrency fluctuations in Addition to 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 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 wallet. .
Exchanges can derive from the creators of digital 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 actions.
We use several deciding factors to rate a DEC.. We break down each cryptocurrency exchange that we examine into sections, and then we test and examine each area. This helps us come to an eventual general rating of the DVE in question.
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You may notice that no one size fits all in our testimonials. We attempt to cover every section using the same subsection on each review, which means 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 added to this review only because what they have to offer is exclusive for their exchange. .
Require Binance for example and take a look at their exchange tools. They offer their own BNB coins, which will be something not many exchanges offer, and so when we review sites like 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 like Poloniex that offer trading, exchange services and a special lending attribute. We'd then add in a section about the Poloniex lending centre, which will be 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 testimonials and comments about every DCE. Some are only testimonials, and of course, some are unjust reviews. We aim to expose the rouge digital currency exchanges; such as Bitconnect where their Ponzi scheme crashed the value of their currency because they used an unsustainable business model. .
On the contrary, the large majority of exchanges are honest companies that use risk management, high tech technology and directors that are experts within the financial industry. They understand how to diversify their own portfolio as well as provide a user-friendly interface that helps their members trade and exchange cryptocurrencies effortlessly. .
To gain an overall confidence rating we now the following important factors that help us provide you an in-depth investigation of exactly what each DCE has to offer by testing:
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The overview just lets you know about the company or DCE you will be dealing with. Most of the information in this section is click here to read going to be a historical overview of this DCE, where it is based, if the company has enrolled with any financial regulatory boards. Other information will be contingent on the way the DCE was formed and how many years they've been active. .
We might also provide some additional information that could be of interest. Maybe you want to know more about the owners or the owners remain anonymous. How hot the exchange is in terms of visitors to the site and out of which countries the traffic 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 digital world of cryptocurrencies in addition to the way they dealt with problems in the past and how they plan to or have continuously enhanced.
Obviously, the one reason people come to opt for a digital currency exchange (DCE) is that they want to swap currencies. This means you might own Bitcoin, but you believe that this cryptocurrency is now losing its long-lasting equilibrium, but you see that Ethereum is potentially going to hike in value.