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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 here on our site. Each exchange provides its own payment system, tools to track cryptocurrency fluctuations in Addition to other attributes 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 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 this exchange to your wallet. .
Exchanges can either derive from the founders of digital currencies. On the other hand, the vast 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 use several deciding factors to speed a DEC.. We break down every cryptocurrency exchange that we examine into sections, and then we examine and review each area. This helps us come to an eventual general 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 you can easily navigate each review and get to the specific point of information that most interests you. Nonetheless, you may notice some reviews have unique or different sections added to the review only because what they have to offer is exclusive for their exchange. .
Take Binance for instance and check out their exchange resources. They offer their own BNB coins, which 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 offer trading, exchange solutions and a special lending attribute. We'd then add in a section about the Poloniex lending facility, which is 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 market, there are bound to be positive and negative reviews and comments about each DCE. Some are just reviews, and of course, several are unjust reviews. We aim to expose the rouge digital currency exchanges; for example Bitconnect in which their Ponzi scheme crashed the value of the currency since they used an unsustainable business model. .
On the contrary, the huge bulk of exchanges are honest companies which use hazard management, higher technology technology and directors that are specialists within the financial industry. They understand how to market their own portfolio in addition to provide a user-friendly interface that aids their members transaction and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we the following important factors that help us give you an in-depth investigation of exactly what every DCE has to offer by testing:
Lets have a look at each of the sections mentioned in the listing above and the information we aim to provide you with each one of our reviews:
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The overview just lets you know about the company or DCE that you will be dealing with. The majority of the information in this section is going to be a historical summary of this DCE, where it is established, if the company has enrolled with any financial regulatory boards. Other information will be contingent on the way the DCE was formed and how many years they have 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 terms of visitors to the site and out of which countries the visitors comes from.
In addition, we may mention any bad or good press 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 problems in the past and how they plan to or have continuously improved.
Obviously, the one reason people come to opt for a digital currency exchange (DCE) is that they want to swap currencies. This means you might own Bitcoin, however you feel this cryptocurrency is now losing its long-lasting equilibrium, but you see that Ethereum is potentially going to increase in page value.