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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 system, tools to monitor cryptocurrency fluctuations in Addition to other features 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 instance whereby, the exchange does not accept fiat currency, you'll need to fund your account by means of a cryptocurrency wallet and transfer money from the exchange to your wallet. .
Exchanges can derive from the founders 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 utilize the exchange to facilitate these activities.
We utilize several deciding factors to speed a DEC.. We break down each cryptocurrency exchange that we review into sections, and then we test and examine each area. This helps us come to an eventual overall rating of this DVE in question.
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You will notice that no one size fits all in our testimonials. We attempt to cover each section using the exact same subsection on each review, so that you can easily browse each review and reach the specific point of information that most interests you. Nonetheless, you will see some testimonials have unique or different sections offered to the review simply because what they must offer is exclusive to their exchange. .
Take Binance for example and check out their exchange resources. They offer their own BNB coins, and this is 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 such as Poloniex that provide trading, exchange services and a special helpful resources 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 provide 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 each DCE. Some are only testimonials, and naturally, some are unjust inspections. We aim to expose the rouge digital currency exchanges; such as Bitconnect in websites which their Ponzi scheme crashed the value of their currency since they used an unsustainable business model. .
On the contrary, the huge bulk of exchanges are honest companies that use hazard management, higher technology technology and supervisors that are specialists within the financial industry. They understand how to market their own portfolio as well as supply a user-friendly interface that aids their members trade and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we the following important variables that help us give you an in-depth investigation of exactly what each DCE Offers by testing:
Lets have a look at each of the sections mentioned in the list above and the information we aim to provide you with each one of our testimonials:
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The summary just lets you know about the company or DCE that you will be dealing with. Most of the information in this section is going to 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 based on the way the DCE was shaped and how many years they have been active. .
We may also provide some additional information that could be of interest. Perhaps you want to know more about the owners or why the owners remain anonymous. How popular the exchange is in terms of traffic to the site and from which countries the traffic comes from.
In addition, we may mention any good or bad press that the company may have picked up since the DCEs inauguration into the digital world of cryptocurrencies as well as how they dealt with problems 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 exchange currencies. This means that you may own Bitcoin, however you feel that this cryptocurrency is now losing its long-lasting equilibrium, but you see that Ethereum is potentially going to hike in value.