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Cryptocurrency exchanges a.k.a. digital currency exchanges (DCE) come in all shapes and sizes. Additionally, every one has its own reputation, which we completely review here on our site. Each exchange provides its own payment system, tools to track cryptocurrency fluctuations as well as 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'll need to fund your account by means of a cryptocurrency wallet and transfer money out of this exchange to your pocket. .
Exchanges can derive from the creators of electronic currencies. On the other hand, the vast majority of Cryptocurrency Exchanges are independent of the founders that just allow those involved in the buying, selling, and exchanging of cryptocurrency to use the exchange to facilitate these activities.
We utilize several deciding factors to rate a DEC.. We break down every cryptocurrency exchange that we examine into sections, and then we examine and review each area. This helps us reach an eventual general rating of the 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 same subsection on each review, so that you can easily navigate each review and reach the exact point of information that most interests you. Nonetheless, you may notice some testimonials have unique or different sections offered to the review only because what they must 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 provide, and so when we review websites such as these, we add 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 such as Poloniex that provide trading, exchange services and a distinctive lending attribute. We would then add in a section about the Poloniex lending facility, which will be a characteristic you rarely 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 marketplace, there are bound to be positive and negative reviews and comments about each DCE. Some are only testimonials, and naturally, some are unjust reviews. We aim to expose the rouge digital currency exchanges; such as Bitconnect in which their Ponzi scheme crashed the value of their currency because they utilized an unsustainable business model. .
On the contrary, the huge bulk of exchanges are honest companies that use risk management, high tech technology and supervisors that are specialists within the financial industry. They understand how to market their own portfolio as well as provide a user-friendly interface which aids their members trade and exchange cryptocurrencies effortlessly. .
To gain an overall trust rating we the following important factors that help us provide you an in-depth investigation of my company what every DCE has to offer by testing:
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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 will be a historical summary of this DCE, where it is based, whether the company has registered with any financial regulatory boards. Other information will be contingent on how the DCE was shaped and how many years they've been active. .
We might also provide some additional information which 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 traffic to the website and out of which countries the visitors comes from.
In addition, we might mention any bad or good media that the company might have picked up since the DCEs inauguration into the electronic world of cryptocurrencies in addition to the way they dealt with problems in the past and the way in which they plan to or have continuously enhanced.
Obviously, the one reason people come to opt for a digital currency exchange (DCE) is that they want to exchange currencies. That means that you might own Bitcoin, but you feel this cryptocurrency is now losing its long-lasting stability, but you notice that Ethereum is potentially going to hike in Your Domain Name value.