Digifinex Exchange Review 2023 Is It Safe?

Digifinex Review

The firm has numerous advantages that I have highlighted above. Users who hold the DFT Token and those with VIP status will benefit from a reduced transaction fee of 0.06% per trade. Additionally, the option to “clear all drawing tools” simplifies the removal of all drawn lines and patterns with a single click. The layout of the professional user interface retains a similar structure but includes a drop-down menu that permits the expansion of the chart size. TradingView, a widely recognized tool featuring an array of indicators, powers the charts.

  • Similar to other trading platforms, the DigiFinex trading exchange offers an interest-earning program called Wealth.
  • To give an example, if a long position on a 3x ETF gains 1%, the ETF actually gains 3% based on the leverage and price of the underlying asset.
  • Investors can get information about airdrops, discounts, and initial coin offering (ICO) opportunities.
  • The platform facilitates trading cryptocurrencies with a wide range of fiat currencies.
  • It allows traders from Malaysia, South Korea, Australia, China, and others.

Additionally, the overall registration process, layout and interface are not overly complicated. Users can even open a demo account to become familiar with the platform. While DigiFinex provides what it claims to offer, there are a few aspects where it can improve its services. When I tried to sell it back the order book kept drastically lowering the price if the listed buy orders so that I couldn’t never sell without losing value. Their order book is fake and at least some of the tokens are fake.

DigiFinex Alternatives

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 and hold the platform’s native token. DigiFinex users can deposit the major cryptocurrency assets and stablecoins such as Tether (USDT) to start trading. Funds can be deposited on the desktop version or using the DigiFinex mobile trading app. DigiFinex exchange supports a wide variety of digital assets that can be used as collateral on the spot or leveraged markets. A highlight in this Digifinex review is the extensive suite of trading features provided.

Digifinex Review

We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries. We may receive compensation from our partners if you visit their website. However, verifying your account increases your maximum withdrawal limit from $10,000 to $100,000.

l sent some bitcoins from my other…

DigiFinex is a legitimate cryptocurrency exchange and is one of only six exchanges registered in Seychelles. It should be noted that the contents within this Digifinex Review do not constitute financial advice or any independent financial of any kind. Rather, this DigiFinex review only aims to inform the reader of the various services offered on this platform.

DigiFinex is a leading asset management platform with headquarters in Singapore. 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.

DRV Native Token

US-based investors are not permitted to participate in trading on the DigiFinex exchange. Therefore, if you’re in the United States and are interested in cryptocurrency trading, you must explore alternative options. The platform facilitates trading cryptocurrencies with a wide range of fiat currencies.

Digifinex Review

The exchange ensures every account is strictly verified to reduce malicious activity on the platform. However, based on a trader’s 30-day transaction volume or the amount of DFT they own, this figure can drop to 0.080%. For instance, a crypto quant https://www.tokenexus.com/ fund can apply concepts like arbitrage to earn more from price variations in different markets. They also use low-latency trading, which helps in rapidly detecting the slightest changes in the market so that investors can have an advantage.

All digital assets in the platform are highly secured to avoid third-party access or data breach. The Compliance Officer undertakes the annual AML audit of the company’s operations. In 2019, DigiFinex exchange launched DigiFinex Korea, especially for traders in South Korea to trade cryptocurrencies using South Korean won. It partnered with Simplex in the same year where users can buy Bitcoin, Litecoin, Ethereum, and other digital assets. DigiFinex processes about $250 million in daily spot trading volume, which makes it a top 60 crypto exchange by volume. But for derivatives, it processes over $1.5 billion in daily volume, which is in the top 30 of all exchanges.

Traders can choose the one on which they are confident of getting a good return. Traders do not have to pay heavy trading fees for asset exchange. DigiFinex limited targets both beginners and experienced crypto traders.

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