DigiFinex Review 8.4/10⭐

Tried DigiFinex before? Then you're missing out on a ton of fantastic features. Why not give it a try and open a free account today!

From margin trading to NFTs, you can trade any crypto asset you like on Digifinex's fantastic platform.

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Background & Overview

 

DigiFinex exchange platform provides a trading service for digital assets such as cryptocurrencies and NFTs. The platform serves more than 4 Million registered users with lots of different ways to trade. You get to choose a very large range of tokens and several markets. Apart from several incentive-based events and promotions, the platform also provides users with hash rates mining products such as Cloud Hashrate Mining and Joint Mining where investors purchase transportation, hosting, and maintenance of miner machines. Traders can access the exchange's services through the online desktop platform or by downloading the mobile app for Android or IOS devices.

DigiFinex Token (DFT) is the exchange's native digital asset used for fee discounts, bonus transactions, and VIP-level perks. Holders of the DFT token get a 25% discount on transactions. VIP members enjoy lower transaction charges of up to 0.060%. VIP membership is granted using the user's transaction volumes or at VIP levels according to the locked DFT amount.

Traders can use credit cards to purchase cryptocurrencies on the exchange with zero deposit fees. Users' currencies get secured in cold wallets for maximum protection. The limit withdrawal amount for 2FA verified traders is 10BTC. Users also enjoy low Spot transaction fees of 0.2% per time. The DigiFinex crypto exchange platform stands out with its corporate accounts facility that allows businesses to engage in different investment possibilities. The exchange does not prohibit access to users from the United States. Visit DigiFinex now!

›› Not a customer yet? Register with DigiFinex today, it's quick and simple!
 

Advantages at DigiFinex

+ DigiFinex provides a corporate account facility for business entities.
+ It facilitates leverage trading of digital assets of up to 3x.
+ DFT holders receive a 25% discount on transaction fees.
+ It has a dedicated domain supporting derivatives trading called DigiDeriv.
+ DigiFinex facilitates auto trading for perpetual swap trading. 

Disadvantages

- Digifinex has few fiat deposit and withdrawal method options for its users.
- There are a few currency pairs that limit users' options in trading.
- There is a low withdrawal limit for users.
- It charges withdrawal fees on withdrawals of all digital assets.
- DigiFinex does not support anonymous trading and requires verified traders. 

KYC & Registration

DigiFinex does not allow unregistered users to trade on the platform. The exchange requires proof of identification by availing of personal details to open an account with them. Data required from the users consist of the Name, Date and birthplace, Email, Phone number, and Mailing address.

A copy of the legal photo identification equivalent of a passport, government ID, social security number, employee identification number, or individual taxpayer identification number, will also be required during the process. Finally, users have to provide proof of address, such as utility bills, telephone bills, and bank or credit card statements. The documents provided by users undergo multi-factor authentication before establishing their accounts.

 

Company Account

DigiFinex Exchange Platform supports business accounts. Corporate users have to submit the Business name, name of the business representative for the account, proof of address of the principal business, a copy of valid photo identification for the directors, any mergers/acquisitions, and profile of the company.

 

Leverage

▪ Rated at 9/10

DigiFinex exchange platform allows leverage on its digital assets which makes traders benefit from the bear market. It currently offers up to 3x leverage trading with multiple currencies including USDT, BTC, ETH, LTC, EOS, and XRP. The DFT token can be used to provide a margin for leverage transactions while enjoying a 70% margin collateral ratio. The edge provided by the platform is the Automated loaning and returning, and an 8-hour interest-free period which varies according to whether the position held is long or short.

 

Costs

▪ Rated at 9/10

DigiFinex allows users to purchase cryptocurrency on the platform using credit cards and debit cards via third-party payment processors. Traders incur transaction costs relating to the bank or credit card issuers. Otherwise, depositing on DigiFinex is free of exchange fees.

Users incur a 0.2% fee for spot trading on DigiFinex while DFT holders enjoy a 25% discount on transactions. This discount is guaranteed for active users on the DigiFinex platform regardless of the token. The exchange's interest rate for margin trading is at a flat rate of 0.05%. A special waiver is given to users who close positions before 10 a.m. VIP members on the platform are also allowed discounted transaction rates.

Margin traders holding long positions are charged a 0.03% interest on the borrowed amount totaling 0.09% for a day. Users holding short positions are charged an interest rate of 0.01% of the borrowed amount totaling 0.03% for a day. Withdrawal fees on the DigiFinex exchange platform are regularly adjusted according to the blockchain status. Withdrawal requires two-factor authentication and has a limit of 10BTC. Users unverified by 2FA are allowed a daily withdrawal limit of 0.2BTC on the platform.

 

Deposit Methods

▪ Rated at 9/10
Below you can see a list of the deposit methods available on DigiFinex. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.

Users can fund accounts on DigiFinex from an external crypto wallet address or purchase digital assets on the exchange's platform at current rates using debit cards or credit cards. The processing time for fiat transactions depends on the user's bank. Users are restricted to use cards that are registered in their names.
Read more about the deposit methods at DigiFinex here.

 

Platforms

▪ Rated at 9/10
The following platforms are supported by DigiFinex:

The exchange has both a desktop site and a mobile app platform for Android and IOS users. The domain is impressively casual and highly interactive with easy access to the available facilities offered and also the crypto market standings. Users can configure the chart display, initiate price alerts, change the trading view and access the order book with seamless navigation. Shifting between Spot and Margin trading has never been easier and users can view their positions, open orders, and history orders in one display. The platform boasts prompt Customer Service with a unique self-service option.

 

Automated Trading and Copy Trading

The platform has a Grid Trading tool supporting only perpetual swap trading. If the trader's total return rate reaches 50%, the system closes all open positions automatically to take profits. Stop loss has to be set manually.

›› Get started with Crypto Auto Trading at DigiFinex now. 

Languages supported

The following languages are supported on DigiFinex:

Arabic, Chinese, English, Indonesian, Japanese, Portuguese, Russian, Spanish, Thai and Turkish and Vietnamese

 

Broker Support

▪ Rated at 8/10

DigiFinex App users can instantly access 24/7 Customer Service through Live chat. Users on the official website can access the Live chat service or the support's email service. The support structure also includes a Self-Service feature where users can access a wide range of helpful information. Users receive prompt and efficient support.

 

Other Names for DigiFinex

DigiFinex is or has also been known under the following names: DIGIFINEX LIMITED, DIGIFINEX CANADA LIMITED

 

FAQ

Where can I register for DigiFinex?

The best way is to open an account here and if you have any further questions you can get in touch with their support directly.

Can derivatives be traded on the DigiFinex exchange?

Sort of. DigiFinex exchange users can trade with derivatives such as perpetual swaps, however this is done on a separate domain called DigiDeriv which is solely dedicated to derivatives trading. DigiDeriv platform is fueled by a native token called DRV.

What is the DFT token used for?

$DFT is DigiFinex's native currency that facilitates discounts, bonus transactions, and VIP-level benefits. Users can Stake the token for VIP membership.

 

History of DigiFinex

December 2017 - Launch of DigiFinex exchange.

April 2018 - Launch of native token DFT.

April 2019 - The platform offers crypto purchases with a credit card.

July 2019 - Launched DigiFinex Super Star plan to build platforms ecology.

March 2020 - Launch of perpetual swap trading platform DigiDeriv and introduction of native token DRV.

 

Instruments available

▪ Rated at 8/10

Crypto Currencies

BTC/USDT, ETH/USDT, X/USDT, XRP/USDT, EVER/USDT, LTC/USDT, DOGE/USDT, BUSD/USDT, AIDOGE/USDT, DOT/USDT, BCH/USDT, FIL/USDT, MATIC/USDT, SHIB/USDT, ETH/USDC, USDC/USDT, MASK/USDT, XCN/USDT, WBTC/BTC, QUACK/USDT, BNB/USDT, TRX/USDT, APE/USDT, OP/USDT, LINK/USDT, SOL/USDT, EOS/USDT, WIN/USDT, JST/USDT, SUN/USDT, APT/USDT, XEM/BTC, GHST/USDT, NEAR/USDT, SYM/ETH, MXC/USDT, ARG/USDT, XMR/USDT, ATOM/USDT, FTM/USDT, NFT/USDT, OMG/USDT, PKOIN/USDT, IMX/USDT, SAND/USDT, ALGO/USDT, LUNC/USDT, BTTOLD/USDT, PEOPLE/USDT, XRP/BTC, LUNC/USDT, KAVA/USDT, KAVA/USDT, SUSHI/USDT, UNI/USDT, GMT/USDT, AVAX/USDT, MINA/USDT, DYDX/USDT, CHZ/USDT, FLOW/USDT, NWC/USDT, LDO/USDT, XLM/USDT, SFUSD/USDT, AAVE/USDT, CRV/USDT, MDX/USDT, NWC/BTC, LTC/BTC, WLKN/USDT, ETC/USDT, AXS/USDT, GULF/USDT, YFII/USDT, WAVES/USDT, TWT/USDT, XRUN/BTC, ETHW/USDT, ZEC/USDT, ADA/USDT, MANA/USDT, SHINJA/USDT, GNO/USDT, DASH/USDT, SFUSD/ETH, TLOS/USDT, CAKE/USDT, ARC/USDT, BOBA/USDT, PRTG/USDT, OCEAN/USDT, YFI/USDT, GLMR/USDT, LUNG/USDT, XCH/USDT, CRO/USDT, BNX/USDT, EVER/USDT, XTZ/USDT, THETA/USDT, NEO/USDT, REN/USDT, LRC/USDT, ANT/USDT, ZIL/USDT, HBAR/USDT, KLAY/USDT, ONE/USDT, ACH/USDT, BAND/USDT, 1INCH/USDT, IPX/BTC, DOGE/ETH, IPX/USDT, BRG/USDT, SNX/USDT, MANC/USDT, AGLD/USDT, DAI/USDT, RVN/USDT, FITFI/USDT, JASMY/USDT, ALCAZAR/USDT, CEL/USDT, BSV/USDT, BSV/BTC, STORJ/USDT, KNC/USDT, ONT/USDT, SKL/USDT, GRT/USDT, NEXM/USDT, XMR/BTC, UMA/USDT, EAI/USDT, TRX/ETH, VEMP/USDT, RSR/USDT, VET/USDT, BICO/USDT, QTUM/USDT, PUNDIX/USDT, CELO/USDT, PHA/USDT, XEN/USDT, STRM/USDT, ZEN/USDT, ZRX/USDT, UTK/USDT, SFM/USDT, ANKR/USDT, SC/BTC, BCH/BTC, FIL/BTC, LPT/USDT, MKR/USDT, TRX/BTC, RNDR/USDT, NEXO/USDT, STX/USDT, HAM/USDT, KDA/USDT, EOS/BTC, ENS/USDT, DGB/USDT, ELON/USDT, KSM/USDT, JFI/USDT, CBK/USDT, CTSI/USDT, HEC/USDT, MODEX/BTC, INJ/USDT, XDC/USDT, ILV/USDT, PLCU/USDT, ELF/USDT, RACA/USDT, API3/USDT, WWDOGE/USDT, CFX/USDT, ETH/BTC, ATOZ/USDT, WNCG/USDT, WMF/USDT, VINU/USDT, $BINGO/USDT, MBASE/USDT, DC/USDT, MERCE/USDT, COTI/USDT, JGN/USDT, TRA/USDT, REEF/USDT, BADGER/USDT, CVP/USDT, PSG/USDT, MITH/USDT, XRP/ETH, OSMO/USDT, INTER/USDT, ALICE/USDT, RCG/USDT, IOTX/USDT, LEO/USDT, DC/USDT, ASSA/USDT, REDLC/USDT, ENJ/USDT, SFM/BTC, ECTR/USDT, CHR/USDT, IOST/USDT, CTS/BTC, AUDIO/USDT, SFM/ETH, SLP/USDT, CTS/USDT, GBD/USDT, RXT/USDT, LNR/USDT, XEM/USDT, SC/USDT, BAL/USDT, ATOM/ETH, XDC/BTC, CELR/USDT, ETHAX/USDT, BAT/USDT, XDEN/USDT, MENGO/USDT, COMP/USDT, NKN/USDT, SEON/USDT, PRO/USDT, ATOM/BTC, XEC/USDT, KATA/USDT, XDC/ETH, RBD/USDT, PAXG/USDT, RVLNG/USDT, COC/USDT, LAZIO/USDT, MBOX/USDT, BTC/USDC, HOT/USDT, EFI/USDT, SANTOS/USDT, DFT/USDT, DAR/USDT, SENATE/USDT, NMR/USDT, THETA/BTC, NCDT/USDT, GAL/USDT, BZZ/USDT, EGLD/USDT, U/USDT, EVMOS/ETH, REVV/USDT, WALV/USDT, LYM/USDT, XMR/ETH, ZIL/ETH, QIE/USDT, PICKLE/USDT, XNO/USDT, VXL/USDT, GTC/USDT, PEN/USDT, EVMOS/BTC, MOVR/USDT, EVZ/USDT, DOTR/USDT, RAY/USDT, ZEC/BTC, METAV/USDT, PORTO/USDT, AURORA/USDT, RUFF/USDT, METIS/USDT, DODO/USDT, FXS/USDT, CITY/USDT, SNT/USDT, WOO/USDT, BETA/USDT, TLM/USDT, SPELL/USDT, STRK/USDT, POR/USDT, MDT/USDT, MODEX/ETH, DENT/USDT, DEGO/USDT, ALPHA/USDT, XRD/USDT, XDB/USDT, OXT/USDT, COCOS/USDT, SHIB/DOGE, QTUM/BTC, PIT/USDT, ZRX/BTC, LAMB/USDT, ALPINE/USDT, EOS/ETH, SGB/USDT, LUNCH/USDT, RVC/USDT, XTZ/BTC, UMEE/USDT, IDEX/USDT, FLUX/USDT, OG/USDT, MF/USDT, SATT/USDT, NEO/BTC, REP/USDT, SRM/USDT, QI/USDT, GAS/BTC, STMX/USDT, BAR/USDT, EVMOS/USDT, JUV/USDT, DCR/USDT, FAIR/USDT, TRU/USDT, ASR/USDT, ZED/ETH, ZED/USDT, TBC/USDT, AQUA/USDT, TOMO/USDT, ETC/BTC, ETC/ETH, PKN/USDT, SC/ETH, ZED/BTC, SCRT/USDT, CPO/USDT, ATM/USDT, VCF/USDT, SHIT/USDT, PGX/USDT, SIDUS/USDT, WZRD/USDT, PRIMAL/USDT, ACM/USDT, SIPHER/USDT, BFORM/USDT, NITRO/USDT, RB/USDT, DASH/ETH, KEEP/USDT, NEO/ETH, XAVA/USDT, ZOON/USDT, XVS/USDT, FREE/USDT, EFC/USDT, YOOSHI/USDT, DGP/USDT, MTSP/USDT, AFC/USDT, DGB/BTC, LEV/USDT, SCCP/USDT, ELT/USDT, DASH/BTC, IOST/ETH, MITH/BTC, BULL/USDT, AVL/USDT, ARTL/USDT, SPFC/USDT, LUFC/USDT, KAI/USDT, OOE/USDT, NAP/USDT, WAN/USDT, AOK/USDT, SPA/USDT, MIOTA/USDT, AAG/USDT, CATHEON/USDT, MF1/USDT, YEE/USDT, OMG/BTC, AVN/USDT, DOCK/USDT, DOGECUBE/USDT, ONG/USDT, SERG/USDT, GENE/USDT, AMDG/USDT, ATS/USDT, NUM/USDT, CMT/USDT, QTUM/ETH, LET/USDT, ZRX/ETH, ETM/USDT, GVR/USDT, GRBT/USDT, ONT/BTC, FIRO/BTC, C98/USDT, ONG/BTC, ONT/ETH, AUR/USDT, NINO/USDT, ICP/USDT, POPK/USDT, LUFFY/USDT, RET/USDT, POO/USDT, PVN/USDT, WELUPS/USDT, DVLD/USDT, CCA/USDT, TOKKI/USDT, CRS/USDT, ZLW/USDT, KUNCI/USDT, MTRA/USDT, QUACK/DOGE, SHIDO/USDT, FRNT/USDT, SAITAMA/USDT, MINIFOOTBALL/USDT, QRDO/USDT, REAL/USDT, QA/ETH, LXTO/USDT, EGC/USDT, QA/USDT, BONK/USDT

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DigiFinex Review Published: Tuesday, 20 Dec 2022 10:45 am
Last Updated: Thursday, 9 May 2024 1:21 pm