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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 track cryptocurrency fluctuations as well as 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'll need to fund your account via a cryptocurrency wallet and transfer money from this exchange to your wallet. .
Exchanges can derive from the creators of digital currencies. On the other hand, the majority of Cryptocurrency Exchanges are independent of the creators that simply allow those involved in the buying, selling, and exchanging of cryptocurrency to utilize the exchange to facilitate these actions.
We utilize several deciding factors to rate a DEC.. We break down each cryptocurrency exchange we examine into sections, and then we examine and review each area. This helps us reach an eventual overall rating of the DVE in question.
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You may notice that no one size fits all in our testimonials. We try to cover every section using the same subsection on each review, so that you can easily navigate each review and get to the exact point of information that most interests you. Nonetheless, you may notice some reviews have unique or different sections added to the review only because what they have to offer is exclusive for their exchange. .
Take Binance for instance and check out their exchange tools. They provide their own BNBÂ coins, which will be something not many exchanges provide, and so when we review sites such as these, we include new sections in to give you all of the information you need to know about this uniquely designed DCEs BNB offering. .
Additionally, there are companies such as Poloniex that offer trading, exchange solutions and a special lending feature. We'd then add in a section about the Poloniex lending facility, which is a feature you rarely see on any DCE, not to mention the fact that not many exchanges offer both margin trading in addition to 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 just reviews, and naturally, several are unjust inspections. We plan to expose the rouge digital currency exchanges; such as Bitconnect where their Ponzi scheme crashed the value of their currency because they utilized an unsustainable business model. .
On the contrary, the huge bulk of exchanges are honest companies which use risk management, high tech technology and supervisors that are experts within the financial industry. They understand how to diversify their own portfolio in addition to provide a user-friendly interface which aids their members trade and exchange cryptocurrencies smoothly. .
To gain an overall trust rating we now the following important variables that help us provide you an in-depth investigation of exactly what every DCE has to offer by testing:
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The summary just lets you know 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 the DCE, where it's based, if the company has registered with any financial regulatory boards. Other information will be contingent on how the DCE was shaped and how many years they have been active. .
We might also provide some additional information which may be of interest. Perhaps you would like to know more about the owners or the owners remain anonymous. How popular that the exchange is in terms of visitors to the site and out of which countries the traffic comes from.
In addition, we might other 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 how they dealt with issues in the past plus the way in which they plan to or have continuously enhanced.
Evidently, the one reason people come to choose a digital currency exchange (DCE) is that they want to exchange currencies. That means that you might own Bitcoin, but you believe that this cryptocurrency is now losing its long-lasting stability, but you notice that Ethereum is potentially going to hike in value.