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Cryptocurrency exchanges a.k.a. digital currency exchanges (DCE) come in all shapes and sizes. Plus, every one has its own reputation, which we completely review on our site. Each exchange provides its own payment method, tools to track cryptocurrency fluctuations as well as other attributes that include:
Some exchanges allow you to exchange fiat currencies for the purchase of 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 by means of a cryptocurrency wallet and transfer money from the exchange to your pocket. .
Exchanges can derive from the creators of digital currencies. On the other hand, the majority of all Cryptocurrency Exchanges are independent of the creators that just allow those involved in the buying, selling, and exchanging of cryptocurrency to use the exchange to facilitate these activities.
We use several deciding factors to rate a DEC.. We break down each cryptocurrency exchange we review into sections, and then we test and review each area. This helps us reach an eventual general rating of this DVE in question.
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You may notice that no one size fits all in our testimonials. We try to cover every section using the exact same subsection on each review, so you can easily browse each review and get to the exact point of information that most interests you. Nonetheless, you may see some testimonials have unique or different sections added to the review simply because what they must offer is exclusive to their exchange. .
Take Binance for example and take a look at their exchange tools. They provide their own BNB coins, which is something not many exchanges provide, and so when we review sites like these, we add new sections in to give you all the information you need to know about this uniquely designed DCEs BNB offering. .
Additionally, there are companies such as use this link Poloniex that offer trading, exchange services and a special lending feature. We'd then add in a section about the Poloniex lending facility, which will be a feature you rarely 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 marketplace, there are bound to be positive and negative reviews and comments about every DCE. site Some are just testimonials, and naturally, 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 their currency since they used an unsustainable business model. .
On the contrary, the huge majority of exchanges are honest companies that use risk management, higher tech technology and supervisors that are specialists within the financial industry. They understand how to market their own portfolio in addition to supply a user-friendly interface which helps their members transaction and exchange cryptocurrencies smoothly. .
To gain an overall confidence rating we now the following important factors that help us provide you an in-depth investigation of exactly what every DCE Offers by testing:
Lets have a look at each of the sections mentioned in the list above and the information we aim to Supply you with each one of our testimonials:
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The overview just tells you about the company or DCE you will be dealing with. The majority of the information in this section will be a historical summary of this DCE, where it is based, if the company has registered with any financial regulatory boards. Other information will be based on how the DCE was shaped 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 why the owners remain anonymous. How popular that the exchange is in terms of traffic to the website and from which countries the visitors comes from.
In addition, we might mention any bad or good press that the company might 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 and the way in which they plan to or have continuously improved.
Evidently, 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 feel this cryptocurrency is now losing its long-lasting his response stability, but you notice that Ethereum is potentially going to hike in value.