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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 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 case whereby, the exchange does not accept fiat currency, you'll need to fund your account via a cryptocurrency wallet and transfer money out of this exchange to your pocket. .
Exchanges can derive from the founders of electronic 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 that we review into sections, and then we examine and review each area. This helps us reach an eventual overall rating of this DVE in question.
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You will notice that no one size fits all in our reviews. We try to cover every section using the exact same subsection on each review, which means that you can easily navigate each review and reach the specific 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. .
Require Binance for instance and take a look at their exchange resources. They provide 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 you need to know about this uniquely designed DCEs BNB offering. .
Additionally, there are companies such as Poloniex that offer trading, exchange services and a distinctive lending attribute. We would then add in a section about the Poloniex lending facility, which is a feature you seldom 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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As with any online market, there are bound to be positive and negative reviews and comments about every DCE. Some are just testimonials, and of course, several are unjust reviews. We plan to expose the rouge digital currency exchanges; for example Bitconnect where 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 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 which helps their members transaction 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 what every DCE Offers by testing:
Lets have a look at each of the sections mentioned in the listing see this over and the information we aim to provide you with each one of our reviews:
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The summary just lets you know about the company or DCE you will be dealing with. The majority of the information in this section is going to be a historic summary of this DCE, where it's established, if the company has enrolled with any financial regulatory boards. Other information will be based on how the DCE was shaped and how many years they've been active. .
We might also provide some additional information that may be of interest. Maybe you would like to know more about the owners or why the owners remain anonymous. How popular that the exchange is in regard to visitors 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 the way in which they plan to or have continuously enhanced.
Evidently, the one reason people come to opt for a digital currency exchange (DCE) is that they want to swap currencies. That means that you may own Bitcoin, however you believe that this cryptocurrency is now losing its long-lasting stability, but you see that Ethereum is potentially going to increase in value.