DigiFinex Reviews, Trading Fees & Cryptos 2023

Users can download the app and start trading after completing the registration process (only for new users). The company keeps on upgrading its system to ensure trading happens smoothly and all the funds are safe. The core team, including the founder Kiana Shek, conducts its operations in Malaysia, South Korea, China, and Hong Kong.

The fee for trading can be lowered from 0.20% for regular users down to 0.06% for DFT holders. DigiFinex has established itself as a central crypto trading exchange platform. This digital trading exchange platform uses native exchange tokens and powers of the DigiFinex Ecosystem.

DigiFinex

The DigiFinex app is available for Android, iOS, and tablet versions. You download and open a DigiFinex account, deposit fees, sell crypto using a native token, etc. Users need to select the Cryptocurrency, copy the unique deposit address, and transfer funds from the exchange to the wallet. Choose the best crypto wallets for storing your cryptocurrencies. The bankruptcy saga of cryptocurrency exchange FTX has taken a new turn, with U.S courts giving the green light to liquidate billions in crypto assets. It is possible to withdraw funds from DigiFinex without completing the KYC process.

The platform also offers a range of trading options, including spot, leverage, perpetual, and fiat to crypto trades. It supports at least 300 altcoins and 500 trading pairs for this purpose, making it a highly reliable exchange. Other services like cloud mining and a launchpad make the platform worth choosing. Launched in 2017, DigiFinex is a cryptocurrency exchange headquartered in Singapore. The exchange has a global reach, serving over 6 million customers from more than 150 countries.

DigiFinex App

This ERC-20 cryptocurrency powers up the exchange, allowing DTF holders certain benefits and privileges. For example, DFT holders can have their trading fees reduced by as much as 25%. Similarly, the amount of DFT in one’s account determines their VIP tier, and the tier defines varying fees for transactions on the platform. It is worth noting that DigiFinex is far from the only choice available to crypto traders. Exchanges like Binance, Kraken, and Coinbase are considered some of the leading crypto exchanges in the market today.

Legally, this trading platform adheres to Anti Money Laundering laws and regulations. These laws demand that the platform follow strict identification procedures for business and individual clients. https://www.tokenexus.com/what-is-cryptojacking-how-to-prevent-and-detect-it/ supports various security features, including HDM wallet technology and two-factor authentication. The exchange’s technical infrastructure is also designed to detect and deal with early-stage security threats. The comprehensive KYC process and the SEC-level IT audits are among these strict oversight procedures. This exchange has a solid 24 hour trading volume, almost always exceeding USD 1 billion on a 24-hour basis.

Withdrawal Fees

DigiFinex US customers can not access the platform or even register accounts. Other countries where DigiFinex is unavailable include Yemen, Syria, Iraq, mainland China, Iran, Hong Kong, Central Africa, Cuba, Somalia, North Korea, Libya, and Lebanon. 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. But, like every other exchange, this trading platform also has downsides.

digifinex review offers both USDT and coin-margined derivatives trading. The difference here is that coin-margined trading requires a specific cryptocurrency as collateral, while USDT-margined, as the name implies, requires Tether (USDT). DigiFinex charges a 0.05% flat rate on margin trading interest rates. You cannot withdraw fiat from the exchange because you can’t deposit it in the first place. However, you can withdraw cryptocurrencies either from the app or the website.

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It also covers trading fees and other fees involved in this exchange. Withdrawal fees on DigiFinex depend on the currency being withdrawn. Different crypto assets require varying amounts of withdrawal fees.

• Although DigiFinex exchange review covers every aspect of the exchange platform, it is best to compare with other exchanges for cryptocurrencies before trading.
• All a borrower needs to do is to be a verified DigiFinex user and meet the collateral amount required for the loan they need.
• This feature allows DigiFinex account holders to borrow loans using cryptocurrency as collateral.
• It has multiple trading options, including Spot, Margin, Perpetual, and Fiat to Crypto trades.
• DigiFinex has established itself as a central crypto trading exchange platform.
• The exchange also has a minimum withdrawal request that depends on the coin you want to withdraw.

So if carrying MasterCard or Visa cards, then go ahead and purchase any Cryptocurrency from the trading website. For deposit fees, the exchange site changes slightly below the industry sitting of 0.25%. The withdrawal and deposit in DigiFinex are fast and straightforward.

Security

The exchange also has a minimum withdrawal request that depends on the coin you want to withdraw. To the minimum amount for a coin you want to withdraw, you can check the DigiFinex deposit and withdrawal fees page for more details. Keep in mind, however, that the amounts can change based on the prevailing market circumstances. DigiFinex is one of the world’s top ten centralized exchanges (CEXs) by liquidity and trading volume. The platform was launched in 2017 by its founder Ned Kee and co-founders like Jia Pu and Kiana Shek. Because the exchange founding team had a wealth of knowledge in tech, they designed DigiFinex to be a highly reliable trading platform.