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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 completely review on our site. Each exchange provides its own payment method, tools to track cryptocurrency fluctuations in Addition to other attributes that include:
Some exchanges permit 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 case 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 either derive from the founders of electronic currencies. On the other hand, the 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 each cryptocurrency exchange we examine 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 try 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 notice some reviews have unique or different sections offered to the review only because what they have to offer is exclusive to their exchange. .
Take Binance for instance and check out their exchange tools. They offer their own BNB coins, and this will be something not many exchanges offer, and so when we review websites like 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 services and a distinctive lending attribute. We'd then add in a section about the Poloniex lending facility, which will be a characteristic you seldom 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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Just like any online market, there are bound to be positive and negative reviews and comments about each DCE. Some are just reviews, and of course, some are unjust reviews. We aim to expose the rouge digital currency exchanges; for example Bitconnect in which their Ponzi scheme crashed the value of their currency because they used an unsustainable business model. .
On the contrary, the large bulk of exchanges are honest companies that use risk management, higher tech technology and directors that are experts within the financial industry. They understand how to market their own portfolio as well as supply a user-friendly interface that helps their members transaction and exchange cryptocurrencies effortlessly. .
To gain an overall confidence rating we now 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 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 overview of this DCE, where it is based, whether the site company has enrolled with any financial regulatory boards. Additional information will be based on how the DCE was formed and how many years they have been active. .
We might also supply some additional information that may 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, Recommended Reading we might top article mention any good or bad media that the company may have picked up since the DCEs inauguration into the digital world of cryptocurrencies in addition to the way they dealt with issues in the past plus how 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 swap currencies. That means you may own Bitcoin, but you believe this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to increase in value.