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Being able to make transactions or exchange currencies while on the move is in demand. Most dependable and modern DCEs have developed cellular 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 may generally still need to use their cellular web browser. .
Once you are familiar with the exchange and trading tools readily available, the next step is to sign up to the DCE. We look at how easy it is and the credentials you need to be able to sign up for the exchange. In general, most DCEs have a very similar sign-up process; however, a few do include their own unique requirements. .
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Security is one of the most important sections that we cover. There are so many DCEs out there and so many positives that occasionally the security of the exchange can be overlooked. Something to bear in mind is when we reviewing security, we are not only looking at how secure the servers are.
Firstly the connection with servers and the encryption utilized as well as user account solitude are reviewed. If we see any holes in any one of these regions, then we'll expose them. Areas such as 2-step authentication, SMS verification, and browser as well as apparatus security are a number of the safety points we cover intensely. .
In addition, we look at how nicely backed up the procedures being used to store your cryptocurrencies are. Some exchanges use multiple locations for disaster recovery with data centres spread around the world. Others use dedicated encrypted cloud hosting services like the ones provided by Amazon.
Finally, as there's been a whole lot of news regarding some DCEs being hacked and electronic currencies stolen. We will point out that DCEs have been hacked in the past, how they dealt with the hack, did they pay back their client base, and that which has been done to ensure there is not a repeat incident. .
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Every DCE should have a respectable customer service department. Unfortunately, that is not necessarily the situation. It's surprising to see that some of the most well-known DCEs have some of their worst ticket support around. Thenthere are DCEs with tools that are bad, but excellent customer support.
When the DCE is not looking after us as a company, then we mark down their confidence score. We also look out for 24/7 support assistance, DCEs with quick support chat programs, telephone support, email support in addition to social media. What's more, it is vital that all DCEs we examine have excellent FAQ and self explanatory sections. .
Some DCEs have comprehensive news and site sections as well as training sections showing you how you can trade, exchange and in general training you not only how to use their site, but also how the blockchain works, trading tips, industry news and more.
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Not all DCEs limit other countries from signing up their exchange. Mostly exchanges that accept only cryptocurrencies are useful reference not fussy about which country you come from as long as you're bringing cryptocurrency accepted by their DCE into the table.
On the other hand, many of the exchanges that take fiat currency and fiat currency payment methods or 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 have designed a site that not only keeps track of the blockchain economy but one which also tracks all the pros and cons of using Cryptocurrencies Exchanges.
In the end of every review, we provide a section that will be titled Why select **** Exchange. We'll record the pros and cons of each exchange which are used to think of a final score out 10 for the DCEs trust rating.