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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 site. For the most part, it is only Android or iOS users who can benefit from a DCEs mobile app. Blackberry and Windows users will generally still need to use their mobile web browser. .
Once you are knowledgeable about the exchange and trading instruments readily available, the next step is to sign up to the DCE. We look at how simple it is and also the credentials you need to have the ability to sign up for the exchange. In general, most DCEs have a very similar sign-up process; although, some do include their own unique requirements. .
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Safety is one of the most important sections that we cover. There are so many DCEs out there and so many advantages that occasionally the safety of the exchange can be overlooked. Something to keep in mind is when we are reviewing safety, we're not only looking at how secure the servers are.
Firstly the connection with servers and the encryption utilized in addition to user account privacy are reviewed. When we see any openings in any of these areas, then we'll expose them. Areas like 2-step authentication, SMS verification, and browser as well as apparatus security are some of the security points we pay intensely. .
In addition, we look at how nicely backed the procedures being used to keep the cryptocurrencies are. Some exchanges utilize numerous locations for disaster recovery with information centres spread around the globe. Other folks utilize dedicated encrypted cloud hosting services such as those provided by Amazon.
Finally, as there has been a whole lot of news regarding some DCEs being hacked and digital currencies stolen. We will point out which DCEs have been hacked in the past, how they dealt with the hack, did they pay back their client base, and what was 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 case. It's surprising to see that some of the very popular DCEs have some of their worst ticket service around. Then, there are DCEs with tools that are bad, but excellent customer care.
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 service assistance, DCEs with quick support chat apps, telephone support, email service in addition to social media. Furthermore, it is essential that all DCEs we examine have excellent FAQ and self-help sections. .
Some DCEs have comprehensive news and site sections in addition to training sections showing you how to trade, exchange and in general training that you not only how to use their site, but also the way the blockchain works, trading ideas, industry news and much 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 so long as you are bringing cryptocurrency approved by their DCE to the table.
On the other hand, many of the exchanges which accept fiat currency and fiat currency payment procedures or e-wallets as payment may confine certain countries from being able to sign up to their exchange.
There are many pros and cons to cryptocurrency exchanges. This is actually the reason we've designed a website which not only keeps track of the blockchain economy but one that also tracks all of the pros and cons of using Cryptocurrencies Exchanges.
At the end of every review, we give a section that will be titled Why select **** Exchange. We'll list the pros and site here cons of each exchange that are used to come up with a final rating out 10 for your DCEs trust score.