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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 completely review here on our site. Each exchange provides its own payment method, tools to track cryptocurrency fluctuations in Addition to other features that include:
Some exchanges allow you to exchange fiat currencies to the purchase of cryptocurrencies; whileothers 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 via a cryptocurrency wallet and transfer money from this exchange to your wallet. .
Exchanges can either derive from the founders of digital currencies. On the other hand, the vast majority of Cryptocurrency Exchanges are independent of the founders that just allow those involved in the buying, selling, and exchanging of cryptocurrency to utilize 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 test and examine each area. This helps us come to an eventual general rating of the DVE in question.
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You will notice that no one size fits all in our reviews. We attempt to cover every section using the same subsection on each review, so 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 added to the review only because what they must offer is exclusive for their exchange. .
Take Binance for example and check out their exchange resources. They offer their own BNB coins, which is 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 you need to know about this uniquely designed DCEs BNB offering. .
Additionally, there are companies such as Poloniex that offer trading, exchange services and a special lending feature. We'd then add in a section about the Poloniex lending facility, which is a characteristic you seldom see on any DCE, not to mention the fact that not many exchanges offer both margin trading as well as cryptocurrency exchanges all under one roof. .
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As with any online marketplace, there are bound to be positive and negative testimonials and comments about every DCE. Some are just testimonials, and naturally, some are unjust reviews. We aim to expose the rouge digital currency exchanges; for example Bitconnect where their Ponzi scheme crashed the value of the currency because 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 diversify their own portfolio as well as provide a user-friendly interface which 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 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 overview of this DCE, where it's established, if the company has enrolled with any financial regulatory boards. Other information will be based on the way the DCE was shaped and how many years they have 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 popular the exchange is in regard to visitors to the site and from which countries the traffic comes from.
In addition, we may mention any bad or good press 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 improved.
Obviously, the one reason people come to click to read choose a digital currency exchange (DCE) is that they want to exchange currencies. This means that you might own Bitcoin, but you feel that this cryptocurrency is now losing its long-lasting stability, but you notice that Ethereum is potentially going to hike in value.