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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 website. Each exchange provides its own payment method, tools to monitor cryptocurrency fluctuations as well as other attributes that include:
Some exchanges permit you to exchange fiat currencies to 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'll need to fund your account by means of a cryptocurrency wallet and transfer money from the exchange to your wallet. .
Exchanges can either derive from the creators of digital currencies. On the other hand, the vast majority of Cryptocurrency Exchanges are independent of the creators that simply 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 each cryptocurrency exchange that we examine into sections, and then we examine and review each area. This helps us reach an eventual overall rating of the 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 same subsection on every review, which means you can easily browse 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 this review simply because what they must offer is exclusive for their exchange. .
Take Binance for example and check out their exchange resources. They provide their own BNBÂ coins, and this is something not many exchanges offer, and so when we review websites like these, we include new sections in to give you all of the information you need to know about this uniquely designed DCEs BNB offering. .
There are also companies such as Poloniex that provide trading, exchange solutions and a special lending attribute. We'd then add in a section about the Poloniex lending facility, which is a feature you see this website seldom see on any DCE, not to mention the fact that not many exchanges provide 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 only reviews, and of course, 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 used an unsustainable business model. .
On the contrary, the huge bulk of exchanges are honest companies that use risk management, higher tech technology and directors that are specialists within the financial industry. They understand how to diversify their own portfolio as well as supply a user-friendly interface that aids their members trade and exchange cryptocurrencies smoothly. .
To gain an overall trust rating we the following important variables that help us provide you an in-depth investigation of exactly what each DCE has to offer by testing:
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The overview just tells you about the company or DCE that you will be dealing with. The majority of the information in this section will be a historic overview of the DCE, where it is based, 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 have been active. .
We may also provide some additional information which could be of interest. Perhaps you want to know more about the owners or the owners remain anonymous. How hot the exchange is in terms of traffic to the site and out of which countries the visitors comes from.
In addition, we might mention any bad or good press that the company may have picked up since the DCEs inauguration into the digital world of cryptocurrencies as well as the way they dealt with issues in the past plus how they plan to or have continuously enhanced.
Evidently, the one reason people come to choose a digital currency exchange (DCE) is that they want to swap 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 increase in value.