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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 site. Each exchange offers 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 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 by means of a cryptocurrency wallet and transfer money out of this exchange to your wallet. .
Exchanges can derive from the creators of electronic currencies. On the other hand, the majority of Cryptocurrency Exchanges are independent of those founders that just 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 speed a DEC.. We break down every cryptocurrency exchange we review into sections, and then we test 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 testimonials. We try to cover each section using the exact same subsection on every review, so that you can easily browse each review and get to the specific point of information that most interests you. Nonetheless, you may see some reviews have unique or different sections offered to the review only because what they must offer is exclusive to their exchange. .
Take Binance for instance and take a look at their exchange resources. They offer their own BNB coins, which is something not many exchanges provide, 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. .
There are also companies like Poloniex that offer trading, exchange solutions and a distinctive lending feature. We would then add in a section about the Poloniex lending facility, which is a characteristic you rarely 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 reviews and comments about each DCE. Some are only testimonials, and of course, some are unjust inspections. We plan to see post expose the rouge digital sites currency exchanges; such as Bitconnect in which their Ponzi scheme crashed the value of the currency since they used an unsustainable business model. .
On the contrary, the large majority of exchanges are honest companies that use risk management, higher tech technology and supervisors that are specialists within the financial industry. They understand how to market their own portfolio as well as provide a user-friendly interface which aids their members trade and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we now the following important variables that help us give you an in-depth investigation of what every DCE Offers by testing:
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The overview just tells you about the company or DCE you will be dealing with. Most of the information in this section is going to be a historical overview of this DCE, where it is established, if the company has registered with any financial regulatory boards. Other information will be contingent on the way the DCE was formed and how many years they have been active. .
We may also supply some additional information which may be of interest. Maybe you want to know more about the owners or the owners remain anonymous. How popular that the exchange is in regard to traffic to the site and from which countries the traffic comes from.
In addition, we might mention any bad or good press that the company may have picked up since the DCEs inauguration into the digital world of cryptocurrencies as well as the content way they dealt with problems in the past plus how they plan to or have continuously enhanced.
Evidently, the one reason people come to opt for a digital currency exchange (DCE) is that they want to exchange currencies. This means you might own Bitcoin, but you feel this cryptocurrency is now losing its long-lasting equilibrium, but you see that Ethereum is potentially going to increase in value.