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Being in a position to make trades or exchange currencies while on the move is in demand. Most reputable and modern DCEs have developed mobile apps for their site. For the most part, it is only Android or iOS users who can benefit from a DCEs mobile program. Blackberry and Windows users will generally still need to use their cellular web browser. .
Once you are familiar with the exchange and trading instruments available, the next step is to sign up to the DCE. We examine how simple it is and the credentials you need to have the ability to sign up to your exchange. In general, most DCEs have an extremely similar sign-up process; however, a few do come with their own unique requirements. .
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Safety is one of the most important sections that we cover. There are many DCEs out there and so many positives that sometimes the security of this exchange can be overlooked. Something to bear in mind is when we reviewing safety, we are not only looking at how protected the servers are.
Firstly the connection to servers and the encryption used as well as user account solitude are assessed. If we see any holes in any one of these areas, then we'll expose them. Areas like 2-step authentication, SMS verification, and browser in addition to device security are some of the security points that we cover intensely. .
We also look at how well backed up the systems being used to keep your cryptocurrencies are. Some exchanges utilize numerous locations for disaster recovery with data centres spread around the globe. Others use dedicated encrypted cloud hosting services such as the ones supplied by Amazon.
Finally, as there's been a lot of news regarding several DCEs being hacked and digital currencies stolen. We will point out that DCEs have been hacked in the past, how they coped with the hack, did they pay back their client base, and what has been done to ensure there is not a duplicate incident. .
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Every DCE should have a respectable customer service department. Unfortunately, that's not always the case. It is surprising to find that some of the very well-known DCEs have some of the worst ticket service around. Then, there are DCEs with tools that are bad, but excellent customer support.
If the DCE is not looking after us as a company, then we mark down their confidence rating. In addition, we watch out for 24/7 service service, DCEs with quick support chat apps, telephone support, email service in addition to social websites. What's more, it's vital that all DCEs we review have excellent FAQ and self-help sections. .
Some DCEs have comprehensive news and blog sections in addition to training sections showing you how you can trade, exchange and in general training that you not only how to utilize their site, but also the way the blockchain functions, trading ideas, industry news and more.
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Not all DCEs restrict other countries from signing up their exchange. Mostly exchanges that take only cryptocurrencies are not fussy about which country you come from as long as you are bringing cryptocurrency accepted by their DCE to the table.
On the other hand, many of the exchanges that accept fiat currency and fiat currency payment procedures or even e-wallets as payment can restrict certain countries from being able to sign up for their exchange.
There are many pros and cons to cryptocurrency exchanges. This is the reason we've designed a site that not only keeps track of the blockchain economy but one that also tracks all the pros and cons of using Cryptocurrencies Exchanges.
In the end of each review, we provide a section which will be titled Why select **** Exchange. We will record the pros and cons of every exchange which are used to think of a final score out 10 for the DCEs trust rating.