DigiFinex Review 2024: Ease of Use, Coins, Fees & How It Compares

Moreover, Digifinex’s mobile app ensures traders can manage their assets on the go, making it a fitting choice for those who prefer mobile trading. In the world of digital asset trading, finding the perfect platform to conduct your cryptocurrency exchanges can be quite challenging. This Digifinex review aims to provide an in-depth look at one of the leading platforms in this domain. There are many reasons why traders should use this DigiFinex platform for trading purposes. The very first reason is it allows more than 100 cryptocurrencies trading, which is enormous compared to other exchanges.

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. The diversity of a platform’s cryptocurrency offerings significantly affects its appeal. Digifinex supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, and more. Furthermore, the platform continually adds emerging cryptocurrencies, ensuring its users always have access to promising new digital assets. In crypto trading, traders encounter numerous platform choices to initiate trading.

Transaction Limits & Liquidity

The platform uses two-factor authentication (2FA) to secure user accounts and requires KYC verification for all users. Additionally, Digifinex stores the majority of its funds in cold storage, with only a small percentage of funds being held in hot wallets for immediate withdrawal purposes. Yes, users can receive rewards of USD 2 for each new customer depositing fiat currency and completing the first transaction successfully. A rebate or affiliate program provides up to 48% of the referred user’s trading commissions.

This may seem misleading, but in truth, this is a common practice even for companies that are not US-operational. The ideal place to begin the discussion on the pros of this https://www.tokenexus.com/ is by assessing the extensive selection of trading options on offer. To begin with, it provides spot trading, which is often a standard feature with most exchanges and is overlooked by many investors. However, in addition to this, the DigiFinex exchange offers margin and ETF trading. All three of these options have relatively similar interfaces, which is beneficial for individuals who may be accustomed to one but wish to try the others. As with any online platform, users should exercise caution and use strong security practices.

DIGIFINEX TRADING FEES

Their security system is very strong, protecting my funds from losses. The “Payment Methods” section will help you choose among all available payment methods. Unfortunately, adding payment methods is impossible without undergoing an identity verification by downloading the aforementioned iOS app. While it is undoubtedly remarkable that the exchange’s volumes keep increasing, the shady practices behind this exchange cast doubts on the reputation of this fledgling Chinese startups. The reason behind this termination was supposedly a legal advice in order to get regulatory clarity in Singapore. They decided to terminate DFT mining for daily rewards, but they are still going to keep it for extra rewards.

So here is a DigiFinex review to help you decide if it is right for your needs. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at

Trading with DigiFinex Crypto

The in-house developed security has multiple fail-safe layers, and two-factor authentication, giving cryptocurrencies heavy protection. DigiFinex gives the opportunity for their crypto community to take place in an exchange-wide voting competition Digifinex Review to list new projects on the cryptocurrency exchange. By having 100 DFT in an account, users can participate in the crypto community-wide vote. Projects can gain points and votes via a referral link through which new users can join the exchange.

The highest leverage it supports is 5x leverage, with 3x leverage being the other option. Even though it is based in Hong Kong, Digifinex is available to several countries worldwide. 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. Our Website may link to external sites or content not controlled by us.

If the trading volume of a token drops below the 200,000 CNY per day (for 5 days), the token will be delisted. The same goes for those assets whose price drops below 90 percent compared to their initial valuation. Before selecting a trader, beginners can choose from a list of experienced traders and view their past trades (and performance). Copy trading is part of the derivatives platform, and traders usually take long or short positions, mostly with leverage, so there is a high risk of losing money with this service. On successful trades, the profits are shared with the trading experts. In conclusion, this Digifinex review finds the platform to be a strong contender in the crypto exchange market.