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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 on our website. Each exchange provides its own payment system, tools to track cryptocurrency fluctuations as well as other features that include:
Some exchanges allow you to exchange fiat currencies to 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 the exchange to your wallet. .
Exchanges can either derive from the creators of electronic currencies. On the other hand, the majority of Cryptocurrency Exchanges are independent of those founders that just allow those involved in the buying, selling, and exchanging of cryptocurrency to utilize 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 test and examine each area. This helps us reach an eventual general rating of the DVE in question.
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You will notice that no one size fits all in our reviews. We try to cover each section using the same subsection on each 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 to their exchange. .
Take Binance for example and check out their exchange tools. They offer their own BNB coins, and this is something not many exchanges offer, and so when we review websites like these, we include new sections in to give you all of the information that you need to know about this uniquely designed DCEs BNB offering. .
There are also companies like Poloniex that provide 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 seldom 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 market, there are bound to be positive and negative reviews and comments about every DCE. Some are just reviews, and naturally, some are unjust inspections. We read review plan to expose the rouge digital currency exchanges; such as Bitconnect where their Ponzi scheme crashed the value of their currency since they used 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 experts within the financial industry. They understand how to market their own portfolio in addition to provide a user-friendly interface that helps their members trade and exchange cryptocurrencies effortlessly. .
To gain an overall confidence rating we now the following important factors that help us give you an in-depth investigation of what each DCE has to offer by testing:
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The summary just tells you about the company or DCE that you will be dealing with. The majority of the information in this section will be a historic overview of this DCE, where it is established, whether the company has enrolled with any financial regulatory boards. Other 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 may 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 may mention any bad or good 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 plus how they plan to or have continuously enhanced.
Obviously, the one reason people come to choose a digital currency exchange (DCE) is that they want to swap currencies. That means that you might own Bitcoin, but you believe this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to hike in value.