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Being able to make trades or exchange currencies while on the move is in demand. Most reputable and modern DCEs have developed mobile apps for their website. For the most part, it's only Android or iOS users that can benefit from a DCEs mobile app. Blackberry and Windows users will generally still need to use their mobile web browser. .
Once you're knowledgeable about the exchange and trading tools readily available, the next step is to sign up to the DCE. We examine how simple it is and also the credentials you need to be able to sign up for the exchange. In general, most DCEs possess an extremely similar sign-up process; however, some do come with their own unique requirements. .
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Safety 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 are.
Primarily the connection to servers and the encryption used as well as user account solitude are reviewed. When we see any holes in any of these areas, then we will expose them. Areas like 2-step authentication, SMS verification, and browser as well as device security are a number of the safety points we pay intensely. .
We also look at how well backed the systems being used to store the cryptocurrencies are. Some exchanges use numerous locations for disaster recovery with data centres spread around the globe. Others use advice dedicated encrypted cloud hosting services like those supplied by Amazon.
Finally, as there's been a lot of news regarding several DCEs being hacked and electronic currencies stolen. We'll point out which DCEs have been hacked in the past, the way they coped with the hack, did they pay back their client base, and what has been done to ensure there is not a repeat incident. .
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Every DCE should have a respectable customer support department. Unfortunately, that is not necessarily the situation. It is surprising to find that some of the most well-known DCEs have a few of their worst ticket support around. Thenthere 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 trust score. In addition, we watch out for 24/7 support assistance, DCEs with quick support chat apps, telephone support, email support as well as social media. What's more, it is vital that all DCEs we review 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 you not only how to utilize their website, but also the way the blockchain works, 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 accepted by their DCE to the table.
On the other hand, many of the exchanges that accept fiat currency and fiat currency payment methods or e-wallets as payment may restrict certain countries from being able to sign up to their exchange.
There are many pros and cons to cryptocurrency exchanges. This is the reason we have designed a website that not only keeps track of the blockchain economy but one which also tracks all of the pros and cons of using Cryptocurrencies Exchanges.
At the end of every review, we provide a section that will be branded Why choose **** Exchange. We'll record the pros and cons of every exchange that are used to come up with a final rating out 10 for your DCEs trust score.