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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 completely review here on our website. Each exchange offers its own payment method, tools to monitor cryptocurrency fluctuations as well as other attributes that include:
Some exchanges allow you to exchange fiat currencies to 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 case whereby, the exchange does not accept fiat currency, you will need to fund your account via a cryptocurrency wallet and transfer money from the exchange to your pocket. .
Exchanges can either derive from the founders of digital currencies. On the other hand, the vast majority of Cryptocurrency Exchanges are independent of the founders 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 speed a DEC.. We break down every cryptocurrency exchange we review into sections, and then we test and review each area. This helps us reach an eventual overall rating of this DVE in question.
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You will notice that no one size fits all in our reviews. We attempt to cover each section using the exact same subsection on every review, so that you can easily browse each review and reach the exact point of information that most interests you. Nonetheless, you may see some testimonials have unique or different sections added to this review simply because what they must offer is exclusive to their exchange. .
Take Binance for instance and check out their exchange tools. They provide their own BNB coins, which will be something not many exchanges offer, and so when we review sites such as these, we add new sections in to give you all the information that you need to know about this uniquely designed DCEs BNB offering. .
There are also companies like Poloniex that provide trading, exchange services and a special lending attribute. We would 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 market, 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 plan 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 large majority of exchanges are honest companies which use hazard management, high tech technology and directors 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 effortlessly. .
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 Offers by testing:
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The overview just lets you know about the company or DCE you will be dealing with. Most of the information in this section is going to 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 contingent on the way the DCE was formed and how many years they've been active. .
We might also provide some additional information which could be of interest. Maybe you want to know more about the owners or the owners remain anonymous. How hot the exchange is in regard to visitors to the site and from 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 as well as the way they dealt with issues in the past and how 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 believe this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to increase in value.