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Cryptocurrency exchanges a.k.a. digital currency exchanges (DCE) come in all shapes and sizes. Additionally, every one has its own reputation, which we fully review here on our site. 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 purchasing cryptocurrencies; whileothers 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'll need to fund your account by means of a cryptocurrency wallet and transfer money from this exchange to your pocket. .
Exchanges can either derive from the founders 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 use the exchange to facilitate these actions.
We use several deciding factors to rate a DEC.. We break down every cryptocurrency exchange we review into sections, and then we test and review each area. This helps us come to an eventual general rating of the DVE in question.
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You may notice that no one size fits all in our reviews. We attempt to cover every section using the same subsection on every review, which means 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 simply because what they have to offer is exclusive to their exchange. .
Take Binance for instance and check out their exchange resources. They offer their own BNB coins, and this will be something not many exchanges provide, and so when we review websites like these, we add new sections in to give you all the information you need to know about this uniquely designed DCEs BNB offering. .
There are also companies such as Poloniex that provide trading, exchange solutions and a distinctive lending feature. We'd 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 provide both margin trading in addition to 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 reviews, and naturally, several are unjust reviews. We plan 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 the original source honest companies which use risk management, high tech technology and directors that are specialists within the financial industry. They understand how to diversify their own portfolio in addition to supply a user-friendly interface that aids their members trade and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we the following important factors that help us provide you an in-depth investigation of exactly what each DCE Offers by testing:
Lets Take a Look at each of the sections mentioned in the listing above and the information we plan to Supply you with each one of our reviews:
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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 overview of this DCE, where it's established, whether the company has registered with any financial regulatory boards. Additional information will be contingent on how the DCE was shaped and read the article 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 the owners remain anonymous. How popular that the exchange is in regard to traffic to the website and out of which countries the visitors comes from.
In addition, we might mention any good or bad media that the company might have picked up since the DCEs inauguration into the digital world of cryptocurrencies in addition to how they dealt with issues in the past and the way in which they plan to or have continuously improved.
Obviously, the one reason people come to choose a digital currency exchange (DCE) you can try these out is that they want to exchange currencies. This means you might own Bitcoin, but you believe that this cryptocurrency is now losing its long-lasting stability, but you see that Ethereum is potentially going to hike in value.