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Another primary reason to choose DigiFinex is the security of funds. To conclude our DigiFinex review, the trading platform has a sleek design and advanced trading tools via integration with TradingView. However, the trading volume and liquidity on the platform have been on the decline which may indicate a change of preference of existing users to the bigger exchanges in the industry.
- The total supply of the DRV native exchange token is 100 million, with approximately 2.86 million currently in circulation.
- This article aims to provide a comprehensive DigiFinex review, shedding light on its features, safety measures, and overall user experience.
- However, DigiFinex’s service is a little different from other trading platforms and is actually more of a custodial manager, which was built by DigiFinex’s quant team.
- This ERC-20 cryptocurrency powers up the exchange, allowing DTF holders certain benefits and privileges.
With this version, existing users can run the DigiFinex app directly on their computers as a dedicated application without having to use the web browser version of the exchange site. It is a Hong Kong-based company but has a presence in different Asian countries including Singapore. Charts are listed by TradingView, a renowned tool with a suite of indicators.
DigiFinex Review 2023: Here’s What You Need To Know
Finally, users have to provide proof of address, such as utility bills, telephone bills, and bank or credit card statements. The documents provided by users undergo multi-factor authentication before establishing their accounts. DigiFinex referral program rewards customers with $2 USD for each new customer referred to the exchange that deposits fiat currency and completes their first transaction. There is also a rebate or affiliate program that provides up to 48% of the referred users trading commissions.
- This meant that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) couldn’t trade here.
- They also use low-latency trading, which helps in rapidly detecting the slightest changes in the market so that investors can have an advantage.
- With a wealth of different options for cryptocurrency exchanges available, it can be a little overwhelming to figure out which exchange is the most ideal trading platform for you.
- The quick and precise customer service and up-to-date blog allow users to solve problems and become familiar with the platform conveniently.
- Overall, this could be a great service for those looking to grow their portfolio in a passive way.
- It is a popular exchange among traders and investors due to its high liquidity and low trading fees.
With a wealth of different markets and services, DigiFinex is a competent exchange for new traders and experienced traders alike. Whether you simply wish to buy crypto or sell crypto, or trade with margin or perpetual contracts, DigiFinex will have you covered. The trading fees on DigiFinex are relatively straightforward. However, customers can receive a discount on their trading fees by holding DigiFinexToken in their account, which can lower the fee to 0.060% per transaction.
DigiFinex Review: Pros and Cons
Withdrawal requires two-factor authentication and has a limit of 10BTC. Users unverified by 2FA are allowed a daily withdrawal limit of 0.2BTC on the platform. Since its launch in 2018, Digifinex has gained a solid reputation in the cryptocurrency community. The exchange has been praised for its user-friendly platform, high liquidity, and top-notch security.
- Copy Trading is part of the derivatives platform, and traders typically take long or short positions, usually with leverage, so there is a big risk of losing money using this service.
- Instead, it is replaced by a monitor window to view open positions, orders, and transaction history.
- DigiFinex does not offer its services to users in the US, due to the laws and regulations there.
- DigiFinex provides a crypto quant fund for its high-rolling users.
- There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
- Holding a certain amount of DRV in an account can also qualify customers for VIP level membership on the DigiFinex exchange site.
The exchange is registered under the Accounting and Corporate Regulatory Authority in Singapore, although it operates without the approval of the Singapore Money Authority. Aside from its headquarters in Singapore, DigiFinex has spread its services across Asia and other countries worldwide. DigiFinex does not charge users for depositing funds into the exchange.
What Is DigiFinex?
DigiFinex exchange offers its users a mobile trading app that has been downloaded over 500,000 times with an average review rating of 4.9 out of 5 stars. Traders can monitor the crypto market prices and trade positions at anytime and anywhere using the DigiFinex app. DigiFinex is one of the largest Asian exchanges in the world, boating Digifinex Review an international user base of more than 6 million registered users across 150+ countries. The exchange is easy to use and boasts numerous features beyond regular spot and derivatives trading, like crypto loans, staking, credit card, Launchpad, and more. There are several reasons why crypto traders and enthusiasts should use DigiFinex.
Digifinex has a lot of different financial products for people like me to choose. Personally I really like their Product like the Galaxy series. If you are a crypto manic don’t hesitate to use this platform. Plus I am located in the U.S and I am looking for a trading platform to avoid taxes because the other ones are heavily monitored by the government. No other exchange in the world takes more than 5 days to process a BTC deposit. Secure your digital assets and NFTs with the ELLIPAL offline cold storage hardware wallet.
They can keep you coins save in cold storage and there is competitive fees. Please note that your feedback may be crucial for the user when choosing https://www.tokenexus.com/ a product, so try to avoid inaccuracies and unreasonable criticism. This website is using a security service to protect itself from online attacks.