Perpetual swaps, credit card purchases of digital currency, and leverage trading are all available on this platform for exchanging digital currencies.
According to the Coinmarketcap website, it ranks 10th for its liquidity and trading volume because to its user-friendly features and an increase in traders. It has an office registered in Seychelles and its headquarters are in Singapore, one of the major cryptocurrency marketplaces. It is one of the six exchanges authorized in Seychelles.
Traders can actively trade on the site, which includes 100+ major cryptocurrency trading pairs and ten fiat currencies. The list contains Ethereum, Bitcoin, Cardano, Aave, ChainLink, and others. It has a proprietary DigiFinex Token that facilitates coin trading.
This Singapore-based cryptocurrency exchange site is owned by DigiFinex Limited, which is incorporated in the Seychelles. It was started in 2018; the website established itself as one of the trusted digital currency financial exchanges. The ETC intelligent contract technology serves as the sole foundation for the DFT ERC-20 coin. 130 million DFTs are available for liquidity.
The organization is constantly updating its system to guarantee that trading goes smoothly and that all funds are secure. Operations are carried out by the core team, which includes the creator Kiana Shek, in Malaysia, South Korea, China, and Hong Kong. Also, it has been extending its reach to attract additional traders to the platform for trading. Nevertheless, US and Singaporean traders are unable to engage in any trading activity at DigiFinex.
In order to allow traders in South Korea to trade cryptocurrencies using South Korean won, the DigiFinex exchange created DigiFinex Korea in 2019. In the same year, it collaborated with Simplex, a platform where users can purchase digital assets including Bitcoin, Litecoin, Ethereum, and others.
On the DigiFinex platform, there haven’t been any instances of hacking or data breaches up to this point. With bank-like security and several registration processes, it seems to be the most secure site.
Users are also required to finish the KYC process and present a recognized government ID to prevent money laundering operations. DigiFinex’s core team makes sure that users’ assets remain secure. Two-factor authentication, safe physical vault storage, cold wallet storage, and compliance with KYC and AML/CTF regulations are a some of the security precautions the platform takes.
Spot trading in DigiFinex allows security trading for instant delivery in the market capitalization. Trading traders can use this to buy and sell foreign money for commodities.
DigiFinex Trading’s perpetual swaps are derivatives that enable value trading. The swap price closely mirrors the price of the underlying assets, and there is no expiration date or trading of the underlying asset. A beautifully constructed derivative type, DigiFinex has dominated volumes on the top exchange platform.
The insurance fund service provided by DigiFinex serves as a safety net to guard traders against losses and guarantee payment of trading winnings. A major goal of employing this insurance fund is to prevent excessive auto-deleverage liquidations (ADLs). These monies also serve as contributions from positions that have been liquidated.
The native exchange token of DigiDeriv, DRV by DigiFinex, has a 100 million maximum supply. 2% private placement, 2% public subscription, and 96% activity rewards are some of the many issue ways.
| Pros | Cons |
| More than 100 coins trading options. | The US and Singapore-based traders aren’t allowed. |
| Supports trading with leverage. | Limited analytical and charting tools for large-volume traders. |
| In-house token based on Ethereum. | |
| DigiFinex takes no maker/taker fee. | |
| Lowest withdrawal fees. | |
| Flexi-earn and crypto loan to earn interest on crypto. |
The registered customers of the trading platform DigiFinex can deposit and withdraw money using credit cards and cryptocurrency. Traders can make deposits and withdrawals after paying certain trading commissions. Also, trading commissions are minimal. 3.5% of each transaction, or $10, whichever is more, is charged. The entire transaction will deposit into the DigiFinex wallet after at least 10 to 30 minutes.
DigiFinex doesn’t enable consumers to deposit or withdraw using debit cards. Moreover, the platform leverages Simplex and Wire Transfer for transfer operations. The Wire Program has a predetermined daily cap of $500–$40,000 and levies the DigiFinex cost. The platform charges an overnight interest rate of 0.05% while using the DigiFinex margin trading, which long-term traders should be aware of.
The withdrawal fees vary between exchangers. As noted previously, the exchange rate here is 0.0003 BTC while withdrawing the same.
The withdrawal and deposit in DigiFinex are fast and straightforward. The trading site did not initially take any fiat money. As a result, trading operations by new cryptocurrency investors were restricted.
The user can now deposit with a credit card. Thus, if you have a MasterCard or Visa, go ahead and buy any cryptocurrency from the trading website. The exchange site fluctuates slightly less than the industry average for deposit fees, which is 0.25%.
The website charges 0.0003 BTC, which is significantly less than the industry average, just like the currency withdrawal. For trading reasons, users can deposit cryptocurrencies and stablecoins like Tether (USDT). Both the PC version and the DigiFinex mobile trading app are available to traders.
Depositing is done in three steps. To transfer money from the exchange to the wallet, users must first choose the cryptocurrency, copy the specific deposit address, then pick the wallet. For saving your cryptocurrency, pick the finest crypto wallets.
More than 100 crypto coins can be exchanged on DigiFinex. This covers Bitcoin Cash, Bitcoin, Aave, Litecoin, Chainlink, Cardano, Ethereum, VeChain, and more cryptocurrencies. Choose multiple currencies to trade.
In terms of countries, the company’s main focus is serving the Asian market, with more than 4 million members from 150 nations trading on the platform. It accepts merchants from countries including Malaysia, South Korea, Australia, and China.
Nonetheless, it has a Singapore office. One reason the US is not included in the Securities Exchange Commission’s tough requirements, which does not allow foreign corporations to recruit US investors.
Both inexperienced and seasoned cryptocurrency traders are targeted by DigiFinex Limited. Users can choose between the standard interface and the pro version. The user of the basic version receives a sleek trading platform and trading tools that enable technical chart analysis.
TradingView, a well-known application with a number of indicators, lists charts. The “one-click navigation” is one of the strong features that both the preliminary and pro version have. Using this, traders can modify time, add chart indicators, and set alerts.
Then, with just one click, all drawing lines and patterns can be eliminated using the “delete all drawings tools” option. There aren’t many differences in the pro user interface’s design. There is a drop-down menu that enables you to increase the chart size.
Many trading assets, such as Bitcoin, Bitcoin Cash, spot currency trading, and others are available on DigiFinex. Traders can select the one they are most certain will produce a decent return. For the exchange of assets, traders are not need to pay high trading costs.
Users of DigiFinex have access to a mobile trading app. Almost 50,000 people have downloaded the trading app, which has received positive reviews. When users have finished the registration process, they can download the app and begin trading (only for new users).
There are tablet versions of the DigiFinex app for Android, iOS, and more platforms. You download and sign up for a DigiFinex account, make a deposit, sell cryptocurrency using a native token, and so forth.
The platform’s digital assets are all highly protected against unauthorized access and data breaches. The annual AML audit of the business’s operations is carried out by the compliance officer. Also, each user must submit Proof of Address as part of the KYC procedure prior to trading to guarantee that transactions are completed without any irregularities and without the possibility of money laundering.
The coins used for cryptocurrency exchanges are protected from unauthorized access. Cold Wallet is also accessible through DigiFinex. Any of the three—KeepKey, Trezor, or Ledger Nano S—can be used by users.
For its registered users, DigiFinex provides the greatest customer service available in all forms. There is always customer service available, whether the trader needs information on withdrawal costs, deposit fees, trading fees, transaction history, or any other program offered in their Digifinex review account. The best group at DigiFinex Limited is the customer service team.
Consumers can engage in live chat with executives to receive prompt customer service. In order to get quick answers to questions about the cryptocurrency exchange, the member can now interact with professionals.
Although if every feature of the Digifinex review exchange platform is covered in the study, it is best to compare it to other cryptocurrency exchanges before trading. The platform’s services are rather outstanding, especially the 100+ cryptocurrency trading possibilities.
DigiFinex is undoubtedly the trading platform to try out because it combines the ability to buy coins with a credit card with derivatives, several cryptocurrency exchanges, and trading margin goods on a single platform.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…
There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…
Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…
George Town, Grand Cayman, 22nd November 2024, Chainwire
Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…
Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…
This website uses cookies.
