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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 programs 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 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 simple it is and also the credentials you need to be able to sign up for the exchange. In general, most DCEs have a very similar sign-up process; although, a few do include their own unique requirements. .
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Safety is one of the utmost important sections that we cover. There are 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 security, we're 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. When we see any holes in any one of these areas, then we'll expose them. Areas such as 2-step authentication, SMS verification, and browser as well as apparatus security are some of the safety points that we cover intensely. .
We also look at how well backed the systems being used to store the cryptocurrencies are. Some exchanges use multiple locations for disaster recovery with data centres spread around the globe. Other folks use dedicated encrypted cloud hosting services such as those supplied by Amazon.
Finally, as there's been a lot of news regarding some DCEs being hacked and electronic currencies stolen. We will 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 that which was done to ensure that there is not a duplicate incident. .
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Each DCE should have a reputable customer support department. Unfortunately, that's not necessarily the situation. 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 bad tools, 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 media. What's more, it's vital 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 you not only how to utilize their website, but also the way the blockchain works, trading ideas, industry news and much more.
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Not all DCEs limit 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 into the table.
On the other hand, many of the exchanges which take fiat currency and fiat currency payment methods or e-wallets as payment can 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 that also tracks all of the pros and cons of using Cryptocurrencies Exchanges.
In the end of each review, we give a section that will be titled Why select **** Exchange. We will record the pros and cons of each exchange which are used to come up with a final score out 10 for the DCEs trust score.