The exchange ensures every account is strictly verified to reduce malicious activity on the platform. Besides that, the exchange has advanced infrastructure to detect security threats like DDoS attacks and other inconveniences that users may experience, like unscheduled downtime. Using SEC security audits, DigiFinex’s systems can review all logs and modifications made on its servers and identify any ongoing or scheduled malicious activities. Here, crypto investors can get insights on new crypto projects they can invest in. Investors can get information about airdrops, discounts, and initial coin offering (ICO) opportunities. DigiFinex’s crypto loans generate a 0.02% daily interest rate and have no attached qualification requirement.
The layout of the pro user interface does not have much difference. An order window comes with an option to switch between spot and margin trading along with the pre-set volume amounts on the sliders. This includes Bitcoin Cash, Bitcoin, Aave, Litecoin, Chainlink, Cardano, Ethereum, VeChain, etc. The insurance Digifinex Review fund service by DigiFinex act as the safety-nets protecting traders from losses and ensure profits on trading is paid. One of the primary purposes of using this insurance fund is to avoid over auto-deleverage liquidations (ADLs). Furthermore, these funds act as contributions from liquidated positions.
DigiFinex Exchange Rating Analysis
It supports a wide variety of cryptocurrencies, including Bitcoin, Ethereum, and more, as well as fiat currencies. It also provides a range of services, such as margin trading, over-the-counter trading, and more. Digifinex is a Singapore-based cryptocurrency exchange platform founded in 2018.
The default spot trading fee is competitive, however, is higher than its closest competitors such as Binance, KuCoin, Huobi and OkEX. Long-term and position traders should also be aware there is an overnight interest rate of 0.05% when using the DigiFinex margin trading exchange. Users on the platform that hold DFT tokens and VIP members can reduce the fee to 0.06% per transaction which offers a good incentive to buy https://www.tokenexus.com/ and hold the platform’s native token. Proof of identification is not required immediately for trading. As one of the popular crypto exchanges without KYC, it will be limited to the basic verification level which restricts the maximum withdrawal amount. Completing KYC is recommended, as it unlocks more functionalities, including crypto loans, rewards, and raising the daily withdrawal limit to 10,000 USDT and above.
List of coins
Tokenhell is a blockchain & crypto news agency where you can discover news about crypto coins, technical analysis, blockchain events and detailed reviews. None of the information you read on Tokenhell should be regarded as investment advice. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. When using the services of any online-only company, you must check whether customer support can answer your inquiries quickly and competently. Otherwise, you may be left hanging during a banking issue or a technical problem without any way to solve it until someone finally decides to get your issue sorted. Users can chat live with executives to get real-time customer support.
- A DigiFinex mobile trading app is available for download, allowing existing users to manage their portfolios and trades on the fly.
- If so, then you’ll want to be sure that the platform you choose is safe and reliable.
- The exchange has both a desktop site and a mobile app platform for Android and IOS users.
- Like every Cryptocurrency exchange, there are pros & cons that every trader needs to be aware of.
- She formerly worked with Baidu Inc and HKBN before forming the Digifinex exchange in 2017.
- All Cryptocurrency exchange coins are secured against access by a third party.
So here is a DigiFinex review to help you decide if it is right for your needs. As mentioned above, if you are from the USA, unfortunately you won’t be able to access DigiFinex. In this case, you can find a suitable exchange that works for you in our article about the best cryptocurrency exchanges in the USA. There is also a quick comparison table below which you can use to help you decide on a trading platform. Even though DigiFinex has made its way among the top of the industry, it’s still not close regarding trading volumes and trading options to the top 5. For instance, DigiFinex does not provide its traders with margin trading or leverage trading.
Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO
However, choosing the right trading platform and having insight into coin exchange are vital. Since there are several crypto exchange options, choosing the right one is quite a task. This trading platform previously did not accept any deposits of fiat currency.
- It was launched in 2018; the website established itself as one of the trusted digital coins financial exchanges.
- DigiFinex has cloud mining and merged mining, allowing users to earn Bitcoin without needing to purchase their own hardware.
- The borrower typically submits a cryptocurrency as collateral, which the exchange uses as liquidity.
- DigiFinex is a reputable cryptocurrency exchange that offers a variety of features and services.
- Traders can monitor the crypto market prices and trade positions at anytime and anywhere using the DigiFinex app.
Cryptocurrency quantitative funds or crypto quant funds are a popular trend in the crypto markets for investors with high sums of money to invest in crypto. These funds operate like hedge funds but have the advantage of crypto quantitative analysis tools to make them even more profitable. DigiFinex does not offer its services to users in the US, due to the laws and regulations there. If you are from the USA, you can read our article on the best crypto exchanges in the US (click here). If you have decided to go with DigiFinex, you will not regret your decision. The advanced trading features, variety of trading markets and assets and futuristic interface are good reasons to join, despite the limitations of the P2P market.
The Trustpilot Experience
DigiFinex supports over 350 cryptocurrencies and over 500 trading pairs. Major crypto, such as Bitcoin, Ethereum, and Solana are supported, as well as a large selection of altcoins. There are over 100 trading pairs available in derivatives trading as well. This platform is a non-regulated exchange that supports a multitude of markets including spot trading, margin trading, ETFs, and crypto derivatives contracts. Digifinex is a platform that provides top-notch digital currency exchange services. The primary digital asset of the exchange platform is the DigiFinex Token ($DFT).
- The derivatives market, on the other hand, does not have an informational section.
- It’s founders include individuals from well-known companies such as Xunlei, Tencent, Baidu and HP.
- There is also a Telegram channel and other social media platforms that will respond to inquiries.
- DigiFinex also offers many options to adjust the trading interface.
- A verification code will be sent (either by phone or by email), and after inputting a valid password, the account will have been successfully created.
- Currently, the platform offers 100+ major cryptocurrencies trading pairs and ten fiat currencies; traders can actively trade.
- Another primary service that DigiFinex offers its users is a variety of trading options.