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Being in a position 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 program. Blackberry and Windows users will generally still need to use their cellular 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 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 include their own unique requirements. .
Some DCEs will give you levels of trading depending on the ID that you supply. If you merely supply an email address and confirm the email, then you are going to be given a limitation to the value of currencies you can exchange or trade. To increase the limit, you will need to present additional credentials. .
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Safety is one of the utmost important sections that we pay for. There are so many DCEs on the market and so many positives that sometimes the safety of the exchange can be overlooked. Something to keep in mind is when we reviewing safety, we're not only looking at how secure the servers really are.
Firstly the connection to servers and the encryption utilized in addition to user account privacy are assessed. If 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 device security are some of the security points we cover intensely. .
On top of this, we now look at how well backed the systems really are. Some DCEs utilize centralised systems, which are not necessarily the safest. We would suggest only using DCEs using centralised systems to transfer out of your pocket to get exchanges and transactions and once you are done to transfer your electronic currencies back to your own pocket. .
In addition, we look at how well backed the procedures being used to store the cryptocurrencies are. Some exchanges use numerous locations for disaster recovery with information centres spread around the world. Other folks use dedicated encrypted cloud services like those provided by Amazon.
Finally, as there's been a lot of news regarding several DCEs being hacked and digital currencies stolen. We'll point out which DCEs have been hacked in the past, how they coped with the hack, did they pay back their client base, and that which was done to ensure there is not a repeat incident. .
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Each DCE should have a reputable customer service department. Unfortunately, that's not necessarily the situation. It is surprising to see that a number of the very popular DCEs have some of the worst ticket support around. Thenthere are DCEs with bad tools, but excellent customer support.
We have been members of each cryptocurrency exchange support that we've reviewed. Our staff test customer support on a regular basis to be certain that we are keeping them on their toes.
When the DCE is not looking after us as a company, then we mark down their confidence rating. We also watch out for 24/7 service service, DCEs with rapid support chat programs, telephone support, email support in addition to social media. Furthermore, it's vital that all DCEs we examine have excellent FAQ and self explanatory sections. .
Some DCEs have comprehensive news and blog 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 functions, trading tips, 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 to the table.
On the other hand, many of the exchanges which take fiat currency and fiat currency payment procedures 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 actually the reason we've designed a site which not only keeps track of the blockchain economy but one that also tracks all the pros and cons of using Cryptocurrencies Exchanges.
At the end of every review, we provide a section that will be titled Why choose **** Exchange. We will list the pros and useful link cons of each exchange which are used to come up with a final score out 10 for the DCEs trust score.