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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 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 cellular web browser. .
Once you're familiar with the exchange and trading instruments 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 to your exchange. In general, most DCEs have a very similar sign-up process; however, some do come with their own unique requirements. .
Some DCEs will give you levels of trading depending on the ID which you provide. If you merely provide an email address and confirm the email, then you will be given a limitation on the value of currencies you can exchange or exchange. To increase the limit, you'll need to provide additional credentials. .
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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 sometimes the safety of the exchange can be overlooked. Something to keep in mind is when we reviewing security, 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 solitude are reviewed. When we see any openings in any one of these regions, then we'll expose them. Areas such as 2-step authentication, SMS verification, and browser as well as device security are some of the security points we pay intensely. .
On top of this, we look at how nicely backed the systems really are. Some DCEs use centralised systems, which are not always the safest. We would suggest only using DCEs using centralised approaches to transfer from the pocket explanation to get exchanges and transactions and once you are done to transfer your digital currencies back to a wallet. .
In addition, we look at how well backed up the systems being used to keep your cryptocurrencies are. Some exchanges utilize multiple locations for disaster recovery with information centres spread around the globe. Others 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'll point out which DCEs have helpful resources been hacked in the past, how they dealt with the hack, did they pay back their client base, and what was done to ensure that there is not a duplicate incident. .
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Each DCE ought to have a reputable customer support department. Unfortunately, that's not always the situation. It's surprising to see that some of the very popular DCEs have some of their worst ticket service around. Thenthere are DCEs with bad tools, but excellent customer care.
We've been members of every cryptocurrency exchange support that we've reviewed. Our staff test customer care on a regular basis to make sure we are keeping them on their feet.
If the DCE is not looking after us as a company, then we mark down their trust rating. We also watch out for 24/7 service assistance, DCEs with quick support chat programs, telephone support, email service in addition to social websites. What's more, it is vital that all DCEs we review have excellent FAQ and self-help 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 functions, 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're bringing cryptocurrency accepted by their DCE to the table.
On the other hand, many of the exchanges which accept fiat currency and fiat currency payment methods or even 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 the reason we've designed a site that not only keeps an eye on the blockchain economy but one that also tracks all the pros and cons of using Cryptocurrencies Exchanges.
In the end of every review, we give a section which will be titled Why select **** Exchange. We will record the pros and cons of each exchange which are utilized to come up with a final rating out 10 for the DCEs trust rating.