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Cryptocurrency exchanges a.k.a. digital currency exchanges (DCE) come in all shapes and sizes. Plus, each one has its own reputation, which we fully review here on our site. Each exchange offers its own payment method, tools to monitor cryptocurrency fluctuations in Addition to other features that include:
Some exchanges permit 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 from this exchange to your pocket. .
Exchanges can either 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 use several deciding factors to speed a DEC.. We break down every cryptocurrency exchange we review into sections, and then we test and examine 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 each section using the exact same subsection on every review, so 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 added to the review only because what they have to offer is exclusive to their exchange. .
Require Binance for example and take a look at their exchange resources. They offer their own BNB coins, which is something not many exchanges provide, and so when we review websites such as these, we add new sections in to give you all the information 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 is a characteristic 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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As with any online market, there are bound to be positive and negative testimonials and comments about every DCE. Some are just reviews, and naturally, some are unjust inspections. We plan to expose the rouge digital currency exchanges; for example Bitconnect where their Ponzi scheme crashed the value of their currency since they utilized an unsustainable business model. .
On the contrary, the huge majority of exchanges are honest companies that use risk management, high technology technology and supervisors that are experts within the financial industry. They understand how to market their own portfolio in addition to provide a user-friendly interface that helps their members trade and exchange cryptocurrencies effortlessly. .
To gain an overall confidence rating we now the following important factors that help us give 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 above and the information we plan to Supply you with each one of our reviews:
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The overview just tells you about the company or DCE that you will be go to website dealing with. The majority of the information in this section is going to be a historical overview of this DCE, where it is based, if the company has enrolled with any financial regulatory boards. Other information will be based on the way the DCE was formed and how many years they have been active. .
We might also supply some additional information which may be of interest. Maybe you want to know more about the owners or why the owners remain anonymous. How hot that the exchange is in terms of visitors to the website and from which countries the visitors comes from.
In addition, we may mention any good or bad media that the company may have picked up since the DCEs inauguration into the electronic world of cryptocurrencies in addition to how they dealt with issues in the past plus the way in which 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 swap currencies. This means you might own Bitcoin, but you believe that this cryptocurrency is now losing its long-lasting equilibrium, but you see that Ethereum is potentially going to increase in value.