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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 here on our website. Each exchange offers its own payment system, tools to track cryptocurrency fluctuations in Addition to other attributes that include:
Some exchanges allow you to exchange fiat currencies for purchasing cryptocurrencies; whileothers 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 via a cryptocurrency wallet and transfer money from this exchange to your pocket. .
Exchanges can derive from the creators 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 utilize the exchange to facilitate these activities.
We use several deciding factors to rate a DEC.. We break down every cryptocurrency exchange we examine into sections, and then we examine and examine each area. This helps us reach 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 try to cover every section using the exact same subsection on each review, so that you can easily navigate each review and reach the specific point of information that most interests you. Nonetheless, you may see some reviews have unique or different sections added to this review simply because what they have to offer is exclusive to their exchange. .
Take Binance for instance and take a look at their exchange resources. They provide their own BNB coins, which will be something not many exchanges offer, 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 offer trading, go exchange solutions and a distinctive lending attribute. We would then add in a section about the Poloniex lending facility, which is 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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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 aim to expose the rouge digital currency exchanges; such as 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 Bonuses use risk management, higher tech technology and directors 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 smoothly. .
To gain an overall confidence rating we the following important factors that help us give you an in-depth investigation of exactly what each DCE Offers by testing:
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The summary just tells you about the company or DCE you will be dealing with. Most of the information in this section is going to be a historic overview of this DCE, where it is established, whether the company has registered with any financial regulatory boards. Other information will be based on how the DCE was formed 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 the exchange is in regard to traffic to the website 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 in addition to the way they dealt with issues in the past and how they plan to or have continuously improved.
Obviously, the one reason people come to choose a digital currency exchange (DCE) is that they want to exchange currencies. This means you may own Bitcoin, however you feel this cryptocurrency is now losing its long-lasting equilibrium, but you notice that Ethereum is potentially going to hike in value.