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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 mobile apps for their site. For the most part, it is only Android or iOS users that can benefit from a DCEs mobile app. Blackberry and Windows users may generally still need to use their mobile web browser. .
Once you are familiar with the exchange and trading tools 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 to your exchange. In general, most DCEs have an extremely similar sign-up process; although, some 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 on the market and so many positives that sometimes the safety of the exchange can be overlooked. Something to bear in mind is when we are reviewing safety, we are not only looking at how secure the servers really are.
Primarily the connection with servers and the encryption used in addition to user account privacy are reviewed. 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 we cover intensely. .
We also look at how well backed up the systems being used to store your cryptocurrencies are. Some exchanges use multiple locations for disaster recovery with information centres spread around the internet globe. Others use dedicated encrypted cloud services such as the ones supplied by Amazon.
Finally, as there's been a whole lot of news regarding some DCEs being hacked and digital currencies stolen. We will point out that DCEs have been hacked in the past, the way they dealt with the hack, did they pay their client base, and what was done to ensure that there is not a repeat incident. .
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Each DCE should have a respectable customer service department. Unfortunately, that's not always the case. It's surprising to see that some of the most popular DCEs have a few of the worst ticket support around. Then, there are DCEs with tools that are bad, but excellent customer care.
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 assistance, DCEs with quick support chat apps, telephone support, email support in addition to social websites. What's more, it's essential that all DCEs we examine have excellent FAQ and self explanatory sections. .
A few DCEs have comprehensive news and site 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 tips, industry news and more.
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Not all DCEs restrict other countries from signing up their exchange. Mostly exchanges that accept only cryptocurrencies are not fussy about which country you come from as long as you are bringing cryptocurrency approved by their DCE into the table.
On the other hand, many of the exchanges which take fiat currency and fiat currency payment procedures or e-wallets as payment may restrict certain countries from being able to sign up for their exchange.
There are many pros and cons to cryptocurrency exchanges. This is actually the reason we've designed a site that not only keeps track of the blockchain economy but one that also tracks all of the pros and cons of using Cryptocurrencies Exchanges.
In the end of every review, we provide a section which will be branded Why select **** Exchange. We will list the pros and cons of each exchange that are utilized to come up with a final score out 10 for the DCEs trust rating.