DigiFinex Review: Fees, Pros, Cons, WARNINGS 2024

Fundamentally, it’s a crypto exchange offering a variety of trading tools and options. However, this only begins to reveal the full extent of what DigiFinex exchange is striving to achieve. DigiFinex Card is a USDT-denominated credit card that allows users to spend their crypto balance wherever in the world. There’s no spending limit, and the exchange charges no annual fees for the card.

Terrible and misleading exchange

• While the company is operational in many parts of the world, it appears that this is one location they are yet to expand into.
• The project focuses primarily on implementing solutions to the security issues faced by the crypto world.
• Lastly it is worth mentioning that an additional perk includes digital assets withdrawals to another Bitfinex’s users address being free of charge.
• With that being said, it is important that users ensure the safety of their own funds by never having more funds on the exchange than they are willing to lose at any time.
• DigiFinex is one of the best crypto exchange platforms, and its position mostly depends on its features.

Another program that DigiFinex offers is the Super Sale, which allows users to buy a select cryptocurrency at a low flat rate cost during a set duration of time. Users can increase their odds of getting a sale bid by using a referral link to refer a friend. Once that new user funds their DigiFinex account, the odds of winning a bid increase.

• Compared to Binance, whose maker and taker fees are set to 0.1% for spot traders, this can be disappointing.
• It does not matter if you are a beginner or an advanced-level crypto trader; DigiFinex allows you to adjust the user interface according to your ease.
• Users can also create a favorites list of their top crypto pairs, allowing quick access to select cryptocurrencies.
• It shows users that the exchange has fully backed their assets using crypto reserves.
• Both exchanges offer a comprehensive suite of trading tools and features, aiming to provide seamless experiences for their users.

Using DigiFinex has been a smooth experience.

• The team at CryptoVantage.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers.
• This adaptability has secured its position in the competitive crypto exchange market, particularly in the Asian sphere, where digital asset trading is burgeoning.
• Kee claims that the lion’s share of their budget is spent on security since they prioritize the safety of its customers.
• Some of the security measures followed by the platform are- two-factor Authentication, secure physical vault storage, cold wallet storage, and compliance with KYC and AML/CTF standards.
• While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world.
• The system automatically enables discounts as soon as one purchase DFT.

Through my DigiFinex review, I aim to add clarity to this situation by explaining how this service fits within this sector. DigiFinex is one of the largest Asian exchanges in the world, boating 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.

What Is DigiFinex?

DigiFinex exchange stands out with its commitment to user-friendly practices, featuring the lowest withdrawal fees among cryptocurrency exchanges, enhancing the overall cost-effectiveness for users. DigiFinex is generally considered to be a safe and legit exchange. It has been operating since 2017 and has a good reputation among users. However, it is important to note that no cryptocurrency exchange is completely risk-free.

There is currently no support for wire transfers or ACH transfers. Lastly it is worth mentioning that an additional perk includes digital assets withdrawals to another Bitfinex’s users address being free of charge. The platform also has a FAQ section most of use for finding answers to common questions regarding the company’s products and services. The most important information it includes are account registration, security, fees, and trading information. The basic version provides a streamlined trading platform and tools for technical analysis using charts provided by TradingView, a well-known tool with a range of indicators. Both versions feature “one-click navigation,” allowing traders to easily change the time frame, add chart indicators, and set alerts.

DigiFinex provides relatively practical customer support to its registered users through various channels, available 24/7, when compared to other exchanges. This system provides an incentive for more active traders with lower fees while maintaining a straightforward approach for newer users. DigiFinex supports trading on over 438 cryptocurrencies on their platform.

How We Rated DigiFinex

It features a TradingView-powered candlestick chart that gives traders the ability to monitor any given trading pair with the help of a set of tools for technical analysis. This procedure is conducted with the help of the DigiFinex mobile app that is only available Digifinex Review for iOS (no other options). It presupposes a standard practice of taking a photo where you hold your ID next to a note that says the name of the exchange. Remarkably, an armada of Chinese exchanges generally deals with a similar issue, including Bit-Z and Xstar.