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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 website. Each exchange offers 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 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 instance 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 either derive from the creators of electronic currencies. On the other hand, the majority of all Cryptocurrency Exchanges are independent of those founders that just allow those involved in the buying, selling, and exchanging of cryptocurrency to use the exchange to facilitate these actions.
We utilize several deciding factors to speed a DEC.. We break down each cryptocurrency exchange that we review 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 reviews. We try to cover each section using the same subsection on every review, which means that you can easily navigate each review and reach the specific point of information that most interests you. Nonetheless, you will see some reviews have unique or different sections added to the review simply because what they have to offer is exclusive for their exchange. .
Take Binance for instance and take a look at their exchange resources. They provide their own BNBÂ coins, and this is something not many exchanges offer, and so when we review sites such as these, we include new sections in to give you all the information you need to know about this uniquely designed DCEs BNB offering. .
There are also companies like Poloniex that provide trading, exchange solutions and a special lending feature. We would then add in a section about the Poloniex lending centre, which will be a characteristic 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 testimonials and comments about each DCE. Some are just testimonials, and naturally, several are unjust inspections. We aim 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 directors that are experts within the financial industry. They understand how to market their own portfolio in addition to supply a user-friendly interface that helps their members trade and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we now 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 summary 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 overview of the DCE, where it's based, whether the company has enrolled with any financial regulatory boards. Other information will be contingent on the way the DCE was formed and how many years they have been active. .
We may reference also provide some additional information which may be of interest. Maybe you want to know more about the owners or why the owners remain anonymous. How hot that the exchange is in terms of traffic to the website and from which countries the traffic comes from.
In addition, we might mention any good or bad press that the company might have picked up since the DCEs inauguration into the electronic world of cryptocurrencies as well as how they dealt with problems in the past and the way in which they plan to or have continuously improved.
Evidently, the one reason people come to choose a digital currency exchange (DCE) is that they want to swap currencies. That means that you might dig this own Bitcoin, however you feel that this cryptocurrency is now losing its long-lasting stability, but you notice that Ethereum is potentially going to increase in value.