Digifinex Review And Analysis

Generally speaking, many cryptocurrency exchanges today have sub-par interfaces think webpages circa Fees are charged at the time of the exchange. BitMEX has limited selection at present in comparison to other cryptocurrency exchange alternatives such as Poloniex, Bittrex and Cryptopia. To date there have been no hacks or major security breaches and the withdrawals are processed by hand once a day for an added layer of security.

Before users can start trading, they may have to provide personal information to comply with KYC/AML laws. While DigiFinex is unregulated, the platform still needs to abide by international laws to ensure that the exchange can continue to provide trading services to the public. Furthermore, they advise their customers on how to keep their funds and themselves safe. This makes trading here a bit more expensive than many other crypto-only exchanges; however, this fee can be reduced by holding the exchange’s utility token, DFT.

Binance Us Trading Fees

If the app crashes, all you have to do is close it and open it again. DigiFinex is a Seychelles based cryptocurrency exchange with their own token, large volume and well-built website. The team is public – with the CEO being well-experienced – and a small number of other staff found. Support was a little slow to respond to our queries, and crypto is not insured, so capital is at risk. As well as being a busy trading platform, DigiFinex allows users to make instant purchases of around 35 different cryptocurrencies.

This volatility is both a driver and result of the lack of public trust in cryptocurrency as a reliable and balanced currency option. Poor and undefined regulation also play a role in adding to this distrust. People are disconcerted by the lack of a structured framework to guide adoption of crypto and therefore view it as a speculative investment. If you are planning to trade crypto, please consult a financial adviser. Go Premium to access our advanced filters, visual insights, extended database and unlock more than 19M documents and 2M technology-based organizations. Please note that the availability of the products and services on the digifinex App is subject to jurisdictional limitations. The rating results published on Cointelligence are based on an independent rating system developed by the Cointelligence team.

Digifinex Review

A total of 5 rounds of HollyGold limited token sale was held successfully between 9th to 13th Nov, 2020 on DigiFinex, with the final round of the sale lasting only for 20 minutes. The event attracted 5,6k participants from all corners of the world and a total of $4.9m was raised. We also gather additional information from different sources to make sure we cover all necessary data or events.

As the name suggests this version uses other cryptocurrencies (e.g. ETH) as collateral for the stable coins. However, because the crypto values themselves are not stable, these Stablecoins need to use a set of protocols to ensure that the price of the stablecoin issued remains at $1. However, there are other stable decentralized cryptocurrencies, such as Dai that achieve this goal without a central authority figure.

Supported Cryptos

Binance US is probably the best US-only exchange on the market, whereas DigiFinex is a great international option. Fiat deposits are not accepted, which means that if you want to buy crypto here, you first have to buy another coin at an exchange accepting deposits of fiat cash. The platform is offering a wide range of languages so that customers find no difficulty while interacting with the exchange platform. On closer review of the Pro user interface, there does not appear to be too much difference. Cryptocurrency pair list is removed and changed to a drop down menu which allows the chart size to be maximised . Traders that rely on technical analysis to find trade setups and manage active positions would appreciate the large charting window.

Countries especially Singapore, Hong Kong, Japan, etc have a vast community of crypto investors and enthusiasts. The investment in digital assets keeps on increasing considering the inflationary nature of fiat currency because of its dependence on the number of geopolitical factors. DigiFinex is a cryptocurrency trading platform with over4 Million users worldwide.

Cryptocurrency Exchange Surpasses $400 Million In Daily Trading Volume

New traders also have access to a series of useful articles and how-tos in the broker’s FAQ section and on its blog, so that they can easily navigate through the platform. DigiFinex is available in over 150 countries and territories worldwide, including the United Kingdom, Germany, France, and Austria. Select your country from the list below to see if it is available where you are. Your exchange orders generate quick trades, even in your absence, with advanced match-making algorithms and strong communication performance.

• You can refer to the Deposit & Withdrawal Fees page to check the minimum withdrawal amount and transaction fees of each cryptocurrency.
• Let’s take a closer look at the ins and outs of each of the market offerings the DigiFinex trading exchange provides.
• It partnered with Simplex in the same year where users can buy Bitcoin, Litecoin, Ethereum, and other digital assets.
• The main driving force behind the creation of Decred is an enterprise called Company 0.
• You must select the network that is compatible with the withdrawal address.
• Decred also created a dedicated voting platform called Politeia, which allows users to participate in votes, submit proposals and start discussions.

Bitcoin, which was invented by the pseudonymous Satoshi Nakomoto remains a separate cryptocurrency. Unlike Bitcoin BTC, Bitcoin Cash aims to scale so it can meet the demands of a global payment system. At the time of the split, the Bitcoin Cash block size was increased from 1MB to 8MB. Mining is the process in which new Bitcoin Cash transactions are confirmed and new blocks are added to the Bitcoin Cash blockchain. Miners use computing power and electricity to solve complex puzzles. By doing so, they gain the ability to produce new blocks of transactions. If one of their blocks is accepted by the network, the miner, or mining pool, earns a block reward in the form of newly-issued Bitcoin Cash.

What Is Digifinex?

DigiFinex derives their withdrawal fees based upon the current network conditions of the token being withdrawn. Because the offering of different cryptocurrencies is quite vast on this platform, withdrawal fees are likely to be quite different value-wise from one another. For this reason, a user may be able to save on withdrawal fees by converting to another asset that carries a lower transaction fee. DigiFinex offers Crypto Loans to all users who have a Digifinex account.

Trade of minimum 500$ in any Digifinex platform and earn extra free 2USDT in your account. Click our official invitation link to register in DigiFinex, and get 0.02 ETH + 300 RMB vouchers for transaction fees. While no exchange is 100% safe and secure, the exchange has had a relatively stable track record for not having been a victim of hacks. 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. The DigiFinex fee for margin trading carries a flat 0.05% overnight interest rate for each trade. However, DigiFinex will waive the interest fee from 10 am the day before if the user closes their by 10 am on the current day. Let’s take a closer look at the ins and outs of each of the market offerings the DigiFinex trading exchange provides.

The DFT discount function is automatically enabled for users who transacts and participates in activities on the DigiFinex (DigiFinex.com) platform,regardless of token . If there’s a need to pay a transaction fee, the system will discount the fee for the required payment and the equivalent value of DFT will be deducted as according to market value. So if you’re from the US and would like to engage in crypto trading, you will have to look elsewhere. Luckily for you, if you go to the Exchange Listand use our Exchange Filters, you can sort the exchanges based on whether or not they accept US-investors.

• In the same way some games are exclusive to one platform (e.g. The Last of Us 2 on PlayStation), many cryptocurrencies are solely linked to one blockchain (e.g. ETH on Ethereum).
• Therefore, we cannot say that there is a definite consensus on the existence of Stablecoins.
• Yes, you can earn up to 10% interest on USD stable coins or cryptos when trading with DigiFinex.
• The total crypto market volume over the last 24 hours is $130.76B, which makes a 4.39 % decrease.
• However, clients need to be advised that the color-coding for the price changes is different.
• DigiFinex derives their withdrawal fees based upon the current network conditions of the token being withdrawn.

Plus, they all have immeasurable experience in networking technologies and in developing financial applications. They are quietly active on their social media platforms to make the users more aware of what’s happening. Our in-house developed security system with multiple fail-safe layers, giving your cryptocurrencies bank-graded protection. Invest in your favorite cryptocurrencies using credit card, and enjoy the best rate on the market. Varieties of interactive bounties and generous rewards for you to grab.

Despite not being as well-known as Binance, DigiFinex is proudly in the top 30 exchanges worldwide for their daily trading volumes. Their trading fee is a bit high for an exchange that doesn’t deal with fiat-to-crypto trading, and their number of order options is a bit limited. In spite of this, DigiFinex offers a fine product with a gentle learning curve, perfect for traders anywhere in the world, both big and small. DigiFinex is without a doubt a safe and reliable platform that can suit the needs of most day-to-day traders. DigiFinex Cryptocurrency Exchange is currently ranked 12th in the coin market cap and is one of the top exchange platforms right now.

• Advanced features, intuitive user interface and a mobile trading app are important features on DigiFinex.
• After the introduction of Bitcoin 10 years ago, we started to see many altcoins in the market including Ethereum.
• One Coinbase customer based in France, who wanted to remain anonymous, had been a verified member since June 2017 when he was asked to re-upload his identity documents after Christmas.
• This is slightly below the global industry average sitting at 0.25%.

According to the official whitepaper, Decred was created in such a way that the community approves all transactions and changes digifinex review made regarding the protocol. Hence, there is no way for big Decred holders to manipulate the operation of the protocol.

This platform is a non-regulated exchange that supports a multitude of markets including spot trading, margin trading, ETFs, and crypto derivatives contracts. In addition to its crypto trading tools, DigiFinex also includes a credit/debit fiat gateway, an insurance fund, access to their DRV native token, swap mining, and an interest-earning program. DigiFinex sees over $350 million worth of trades every day, placing them regularly in the top 10 of all exchanges by trading volume.

Transactions are fast with transaction fees typically less than a tenth of a cent. Anybody can accept Bitcoin Cash payments with a smartphone or computer. In addition to peer-to-peer payments between individuals, Bitcoin Cash can be used to pay participating merchants for goods and services in-store and online. Very low fees enable new micro-transaction economies, such as tipping content creators and rewarding app users a few cents. Bitcoin Cash also reduces the fees and settlement times for remittances and cross-border trade.

When you start using DigiFinex in a web browser, you’ll notice that it has quite a professional and institutional feel. This, along with great trading interface designs, crypto loan options, margin trading, over 150 coins, and more than 200 markets to attract a high-quality user base.

Two-Factor Authentication is available for users to apply to their accounts. By using Two-Factor Authentication, users can add an extra layer of security to their accounts by requiring a verification code for certain account actions such as logins and withdrawals. DigiFinex has several security measures in place to ensure the safety of the exchange as well as user accounts. One of the measures that DigiFinex implements is using secure physical vault storage for those who have funds in the DigiFinex wallet. The exchange uses multiple fail-safe layers in their security practice to ensure bank-like security.

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 and hold the platforms native token. Similar to the best fiat-to-crypto exchanges in the world, DigiFinex users can top up their trading account and buy crypto using a credit card via Simplex. DigiFinex supports in total 17 fiat currencies to purchase major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, XRP and many other altcoins. Like all cryptocurrency exchanges today, to create an account with DigiFinex users will need to go through a registration process to create a trading account. DigiFinex exchange will prompt for a username, email address and security PIN which is sent to the email address. Verification of the email address completes the basic account creation process. All digital assets in the platform are highly secured to avoid third-party access or data breach.

Author: Tor Constantino