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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 fully review on our website. Each exchange provides its own payment method, tools to track cryptocurrency fluctuations in Addition to other features that include:
Some exchanges permit you to exchange fiat currencies for purchasing 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 from this exchange to your wallet. .
Exchanges can either derive from the creators of electronic 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 utilize the exchange to facilitate these activities.
We use several deciding factors to rate a DEC.. We break down every cryptocurrency exchange we examine into sections, and then we examine and review 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 reviews. We attempt to cover each section using the exact same subsection on each review, which means you can easily navigate each review and reach the specific point of information that most interests you. Nonetheless, you may see some reviews have unique or different sections offered to this review simply because what they must offer is exclusive to their exchange. .
Take Binance for example and check out their exchange tools. They provide their own BNBÂ coins, which is something not many exchanges provide, and so when we review sites such as these, we add 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 attribute. We'd then add in a section about the Poloniex lending centre, 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 testimonials 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 their currency since they used an unsustainable business model. .
On the contrary, the huge majority 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 market their own portfolio as well as provide a user-friendly interface which helps their members transaction and exchange cryptocurrencies smoothly. .
To gain an overall trust rating we the following important factors that help us give you an in-depth investigation of exactly what each DCE Offers by testing:
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The summary 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 summary of this DCE, where it is based, explanation whether the company has registered with any financial regulatory boards. Other information will be based on how the DCE was formed and how many years they have been active. .
We might also supply some additional information that may be of interest. Perhaps you would like to know more about the owners or why the owners remain anonymous. How hot the exchange is in terms of visitors to the website and from which countries the traffic comes from.
In addition, we might mention any good or bad press that the company may 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.
Obviously, the one reason people come to choose a digital currency exchange (DCE) is that they want to swap currencies. That means you may own Bitcoin, however you believe this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to increase in value.