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Cryptocurrency exchanges a.k.a. digital currency exchanges (DCE) come in all shapes and sizes. Plus, every one has its own reputation, which we completely review on our website. Each exchange offers its own payment method, tools to track cryptocurrency fluctuations in Addition to other attributes that include:
Some exchanges allow you to exchange fiat currencies for 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 instance whereby, the exchange does not accept fiat currency, you will need to fund your account by means of a cryptocurrency wallet and transfer money from the exchange to your pocket. .
Exchanges can either derive from the founders of electronic currencies. On the other hand, the vast majority of Cryptocurrency Exchanges are independent of the founders that simply allow those involved in the buying, selling, and exchanging of cryptocurrency to utilize the exchange to facilitate these actions.
We use several deciding factors to rate a DEC.. We break down every cryptocurrency exchange we examine into sections, and then we test and review each area. This helps us reach an eventual overall rating of this DVE in question.
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You will notice that no one size fits all in our reviews. We try to cover every section using the exact same subsection on every review, which means that you can easily browse each review and get to the specific point of information that most interests you. Nonetheless, you may see some testimonials have unique or different sections added to this review simply because what they must offer is exclusive to their exchange. .
Take Binance for instance and take a look at their exchange resources. They provide their own BNBÂ 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 like Poloniex that offer trading, exchange solutions and a special lending attribute. We'd then add in a section about the Poloniex lending facility, which will be a characteristic you rarely 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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As with any online market, there are bound to be positive and negative reviews and comments about each DCE. Some are only reviews, and naturally, several are unjust reviews. We plan to expose the rouge digital currency exchanges; such as Bitconnect in which their Ponzi scheme crashed the value of the currency because they used an unsustainable business model. .
On the contrary, the huge bulk of exchanges are honest companies that use risk management, higher tech technology and directors that are specialists within the financial industry. They understand how to diversify their own portfolio as well as provide a user-friendly interface that aids their members trade and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we now the following important variables that help us provide you an in-depth investigation of what each DCE has to offer by testing:
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The overview just lets you know about the company or DCE that you will be dealing with. Most of the information in this section is going to be a historic summary of the DCE, where it is based, if the company has enrolled with any financial regulatory boards. Other information will be based on how the DCE was shaped and how many years they have been active. .
We may also supply some additional information websites 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 out of which countries the visitors comes from.
In addition, we may mention any good or bad media 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 and 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 exchange currencies. This means that you might own Bitcoin, however you believe that this cryptocurrency is now losing its long-lasting equilibrium, but you see that Ethereum is potentially going to increase in value.