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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 site. Each exchange provides its own payment method, tools to monitor cryptocurrency fluctuations in Addition to other attributes that include:
Some exchanges allow 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 from this exchange to your wallet. .
Exchanges can either derive from the creators of digital currencies. On the other hand, the vast majority of all Cryptocurrency Exchanges are independent of the creators that simply 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 we examine into sections, and then we examine and review each area. This helps us come to an eventual overall rating of the DVE in question.
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You may notice that no one size fits all in our testimonials. We attempt to cover each section using the same subsection on each review, which means that you can easily browse each review and reach the exact point of information that most interests you. Nonetheless, you will notice some testimonials have unique or different sections offered to the review simply because what they have to offer is exclusive for their exchange. .
Require Binance for example and check out their exchange tools. They provide their own BNBÂ coins, and this is something not many exchanges offer, and so when we review websites such as these, we include new sections in to give you useful content all of the information that you need to know about this uniquely designed DCEs BNB offering. .
There are also companies such as Poloniex that offer trading, exchange services and a special lending attribute. We would then add in a section about the Poloniex lending facility, which is a feature 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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Just like any online marketplace, there are bound to be positive and negative reviews and comments about every DCE. Some are just testimonials, and of course, several are unjust reviews. We aim to expose the rouge digital currency exchanges; for example Bitconnect where their Ponzi scheme crashed the value of the currency since they utilized an unsustainable business model. .
On the contrary, the huge majority of exchanges are honest companies that 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 that aids their members trade and exchange cryptocurrencies effortlessly. .
To gain an overall confidence rating we the following important variables that help us provide you an in-depth investigation of what every DCE has to offer by testing:
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The summary just tells you about the company or DCE you will be dealing with. The majority of the information in this section will be a historic overview of this DCE, where it's based, if the company has registered with any financial regulatory boards. Additional information will be based on the way the DCE was formed and how many years they've been active. .
We may also supply some additional information which may be of interest. Perhaps you want to know more about the owners or why the owners remain anonymous. How hot the exchange is in regard to traffic to the site and from which countries the visitors comes from.
In addition, we may mention any bad or good media that the company may 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.
Evidently, the one reason people come to opt for a digital currency exchange (DCE) is that they want to swap currencies. That means you might own Bitcoin, however you feel this cryptocurrency is now losing its long-lasting stability, but you see that Ethereum is potentially going to hike in value.