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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 fully review here on our website. Each exchange offers its own payment system, tools to monitor cryptocurrency fluctuations in Addition to other features that include:
Some exchanges permit 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 out of the exchange to your wallet. .
Exchanges can derive from the founders of electronic currencies. On the other hand, the majority of all Cryptocurrency Exchanges are independent of those 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 examine and examine each area. This helps us come to 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 attempt to cover every section using the exact same subsection on every review, which means you can easily navigate each review and get to the specific point of information that most interests you. Nonetheless, you may see some reviews have unique or different sections offered to this review only because what they must offer is exclusive to their exchange. .
Take Binance for example and take a look at their exchange tools. They offer their own BNB coins, which will be something not many exchanges provide, and so when we review sites like 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 like Poloniex that offer trading, exchange solutions and a special lending feature. We'd then add in a section about the Poloniex lending centre, which is a feature you seldom 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 marketplace, there are bound to be positive and negative testimonials and comments about each DCE. Some are only reviews, and of course, some are unjust inspections. We aim 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 majority of exchanges are honest companies which use risk management, higher tech technology and supervisors that are specialists 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 confidence rating we the following important factors that help us provide you an in-depth investigation of exactly what every DCE Offers by testing:
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The overview just lets you know about the company or DCE you will be dealing with. The majority of the information in this section will be a historic summary of the DCE, where it is established, if the company has registered with any financial regulatory boards. Additional information will be based on how the DCE was formed and how many years they've been active. .
We might also see this website supply some additional information which could be of interest. Perhaps you want to know more about the owners or why the owners remain anonymous. How hot that the exchange is in terms of visitors to the website and out of which countries the traffic comes from.
In addition, we may mention any good or bad press that the company may have picked up since the DCEs inauguration into the site digital world of cryptocurrencies in addition to the way they dealt with issues in the past plus the way in which they plan to or have continuously improved.
Obviously, the one reason people come to choose a digital currency exchange (DCE) is that they want to exchange currencies. That means you may own Bitcoin, but you believe this cryptocurrency is now losing its long-lasting equilibrium, but you see that Ethereum is potentially going to hike in value.