Charts are listed by TradingView, a renowned tool with a suite of indicators. One of the powerful features both the preliminary and pro version carries is the “one-click navigation.” Using this, traders can change time, add chart indicators, and set alerts. Digifinex introduces social trading, allowing users to emulate the successful strategies of top investors.
DigiFinex Crypto Trading Platform
DigiFinex exchange is very user-friendly for new users, with a clear and straightforward display of its features. In case of any issues, helpful tutorials can be found in the help center. Discover how many crypto exchanges Digifinex Review have failed over the years, causing financial losses and market instability. Here individuals who need help with when to purchase and sell assets can select an adept trader of their choice and follow his steps.
DigiFinex Exchange Summary
- This procedure is conducted with the help of the DigiFinex mobile app that is only available for iOS (no other options).
- If so, then you’ll want to be sure that the platform you choose is safe and reliable.
- However, like the other five of these six exchanges registered, this means that DigiFinex is not a regulated cryptocurrency exchange.
- On Nov. 5, DigiFinex introduced its new tiered trading fee model that is rather similar to that of Binance.
- This process involves verifying the identity of its users to prevent fraud and maintain the security of the platform.
By using this service, customers can receive a return on investment by locking funds into a custodial fund for a set duration of time. Funds range from stable-oriented growth to more aggressive/riskier growth strategies. Overall, this could be a great service for those looking to grow their portfolio in a passive way. Like many other different exchanges in the cryptocurrency industry that offer derivatives trading, DigiFinex offers an insurance fund for customers looking to hedge against losses on their open positions. Should an insured position lose money, the insurance fund will pay a settlement based upon the amount of funds the customer insured, as well as the amount within DigiFinex’s insurance fund at the time.
Depositing/Sending Cryptocurrency
Additionally, the platform uses two-factor authentication to verify users and keep out any unauthorized third parties. The range of trading options offered on DigiFinex is impressive because they allow users increased flexibility. Margin trading allows users to take bigger investments and get higher returns, while perpetual trades provide a safer earning option that does not involve actual asset transfers. The DigiFinex exchange has a DigiFinex native token called DigiFinex Token DTF. 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%.
OKX Wallet Review ( : Is This Web3 Wallet Safe to Use?
- In this way, the crypto community can choose exactly which cryptocurrencies they wish to be able to trade on the DigiFinex platform.
- Exchanges like Binance, Kraken, and Coinbase are considered some of the leading crypto exchanges in the market today.
- Offers perpetual swaps, credit card purchases of digital coins, and leverage trading.
- DigiFinex supports various security features, including HDM wallet technology and two-factor authentication.
- The fees start at 0.20% and can be further lowered to 0.06% if you are holding DigiFinexToken.
- Typically, withdrawals are processed within 24 hours, but users are advised to check the platform’s guidelines for the most accurate estimates.
It was founded in 2017 in Seychelles, East Africa, and is currently headquartered in Singapore. According to Coinmarketcap, it is one of the top 100 crypto exchanges globally, with a liquidity of over $2 billion. The user interface is intuitive, even for a crypto newbie like me!
DigiFinex Review – Is This Cryptocurrency Exchange Worth Using?
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. However, based on a trader’s 30-day transaction volume or the amount of DFT they own, this figure can drop to 0.080%. These costs vary based on the type of trading option selected and the 30-day transaction volume. However, the platform has a discounted fee policy, which allows DFT holders to pay less for every transaction.
- On the other hand, ETFs are shares sold by exchange and may vary in price depending on the asset.
- Their services are restricted in some countries, namely, The United States of America, Singapore, China, The Balkans, Cuba, The Democratic Republic of Congo, Iran, Iraq, North Korea, Sudan, Syria.
- They all support buying crypto with bank card and bank transfer, but MercuryO goes further by supporting Google and Apple Pay methods.
- Despite the brutal crackdown on ICOs and crypto-oriented startups by the Chinese authorities, DigiFinex still primarily targets the domestic market, failing to increase its appeal to foreign traders.
Leave a Reply