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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 completely review on our website. Each exchange provides its own payment method, tools to monitor cryptocurrency fluctuations as well as other features that include:
Some exchanges permit you to exchange fiat currencies for purchasing 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 via a cryptocurrency wallet and transfer money from this exchange to your pocket. .
Exchanges can either derive from the creators of digital currencies. On the other hand, the majority of all 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 actions.
We utilize several deciding factors to rate a DEC.. We break down every cryptocurrency exchange that we examine into sections, and then we examine and examine each area. This helps us reach an eventual overall rating of this DVE in question.
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You may notice that no one size fits all in our reviews. We try to cover each section using the same subsection on each review, so you can easily navigate each review and get to the specific point of information that most interests you. Nonetheless, you will notice some reviews have unique or different sections added to the review only because what they must offer is exclusive to their exchange. .
Take Binance for example and take a look at their exchange resources. They provide their own BNBÂ coins, and this is something not many exchanges provide, and so when we review sites such as these, we add new sections in to give you all the information you need to know about this uniquely designed DCEs BNB offering. .
Additionally, there are companies like Poloniex that offer trading, exchange solutions and a distinctive lending attribute. We would then add in a section about the Poloniex lending facility, which is a characteristic you my review here seldom 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 market, there are bound to be positive and negative testimonials and comments about every DCE. Some are just testimonials, and of course, some are unjust reviews. We aim to expose the rouge digital currency exchanges; such as Bitconnect in which their Ponzi scheme crashed the value of the currency since my company they used an unsustainable business model. .
On the contrary, the large bulk of exchanges are honest companies which 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 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. Additional 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 could be of interest. Perhaps you would like to know more about the owners or the owners remain anonymous. How hot the exchange is in regard to traffic to the site and out of which countries the traffic comes from.
In addition, we might mention any good or bad media that the company may have picked up since the DCEs inauguration into the electronic world of cryptocurrencies as well as how they dealt with issues in the past and how 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. This means you might own Bitcoin, however you feel that this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to hike in value.