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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Dec 19, 2019 04:55 UTC
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DigiFinex Exchange Review
| Legal Name | Digifinex Exchange |
| Headquarters | Singapore |
| CEO | NED KEE |
| Year Founded | 2017 |
| Exchange Type | Centralized |
| Trading Fees | Maker: 0.20%/ Taker: 0.20% |
| Deposit Methods | Credit card deposits. |
| Supported Cryptos | 98 cryptocurrencies including Bitcoin (XBT), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and more |
| Fiat | USD, Euro |
| Customer Service | Email, Phone |
| Trading Options | Spot Trading, Margin Trading |
Digifinex stands for Digital Asset Financial Exchange. It one of the world’s leading digital trading platforms, focusing on major cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc. The exchange is specifically designed for the Asian market but is now expanding to other countries.
The platform is offering a wide range of languages so that customers find no difficulty while interacting with the exchange platform.
In this guide, we will look at what exactly makes DigiFinex stand among so many other exchanges and its other features. Let us look into this Digifinex Exchange Review now,
What is Digifinex?
The company has headquarters in Singapore but is registered in Seychelles. Designed mostly for the Chinese market, it is run by a company called Digifinex Limited. It is led by prominent individuals within the crypto industry from other tech giants such as HP, Baidu, and Tencent.
The main aim of Digifinex is to provide blockchain users safe, secure, and convenient investment channels. The exchange has attractive liquidity and in terms of Market Capitalisation. it is regularly in the top 25 cryptocurrency exchanges.
DigiFinex Cryptocurrency Exchange is currently ranked 12th in the coin market cap and is one of the top exchange platforms right now.
Digifinex Features
- Digifinex token (DFT): DigiFinex has issued an Ethereum-based token (DFT), which can be very much useful.
- Decent Trading fees: Market creators and buyers pay the same fee at DigiFinex – 0.20% of the transaction size. Thus they have very much decent fees for trading.
- Different Coins: Traders can trade different coins on the platform, the most famous are BTC, ETH, XRP, LTC, OMG and QUTU
- Mobile Application: Traders can access the Digifinex platform through the iPhone, Android app. Also, the platform has a desktop application for Windows.
- No Transaction charges: While most exchanges don’t have deposit fees on incoming blockchain transfers, quite a few have withdrawal fees.
Digifinex Fees and Limits
DigiFinex has the same fees for both takers and makers. Their expense model uses a “level charge model”, which situates their fees at 0.20%, which is below the industry average of 0.25%.
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.
DigiFinex’s flat fees vary depending on the coin you want to withdraw. For instance, for withdrawing BTC you will be charged with 0.0003 BTC, 0.006 for ETH, and 0.03 for LTC.
Digifinex Supported Currencies
According to CoinGecko, DigiFinex Exchange features 98 cryptocurrencies that form a total number of 149 trading pairs. These include some of the major ones such as Bitcoin, Bitcoin Cash, Ripple, Ethereum, Ethereum Classic, EOS, Litecoin, Tron, Omisego, NEO, Dash, and Qtum. The altcoins can be traded against USDT, BTC, and ETH.
Digifinex Mobile App
Digifinex offers a native mobile app on both Google Play and the iStore, free of charge. The app allows you to trade, access your wallet, fund your account, receive notifications, and check your transaction history.
How to register on Digifinex?
Step 1: Visit the Official website. Once the website is opened, click on “Register” to create an account.
Step 2: After reading the terms and conditions, confirm by checking the two small boxes.
Step 3: After confirming, you will be given two options to select from. You can register your DigiFinex account by phone or by email.
Step 4: Click on your desired registration method, fill out the form, and click on the “Registration” box.
Step 5: After logging in, go to “Basic Information” which is under the “User Center.” Look for “Identity Verification” and click on the “Click to verify” link.
Step 6: Supply the needed information/document required by the system and wait for your account to get verified by DigiFinex.
How to recover the Digifinex password?
In certain cases, to recover the Digifinex password, Go to the Login Page and then click the 2 Factor Authentication. After which click on the “Forgot Password” option. Then enter your personal information and user id after which you can reset your password.
How to deposit on Digifinex?
- Step 1:
Visit the Official Website, Sign in to your Digifinex account.
- Step 2:
Then click “Deposit” Option.
- Step 3:
Select the currency you want to deposit and click “Copy the wallet address”
- Step 4:
Switch to the interface of your withdrawal platform and click on the “new address”
- Step 5:
Then Paste the deposit address and submit the application
- Step 6:
After block confirmation, tokens will automatically be transferred to the account.
How to withdraw on Digifinex?
- Step 1:
Visit the Official Website, Sign in to your Digifinex account.
- Step 2:
Then click “Withdraw” Option.
- Step 3:
Select the currency you want to Withdraw and click “Add Withdraw address”
- Step 4:
Enter the Address, tag ( EOS, XRP, GXC, LV, etc must fill in Tag/Memo), Remark and then Click “Submit”
- Step 5:
Enter the amount, verification code and then click “submit”
- Step 6:
Enter 2FA code, after block confirmation, coins will automatically be transferred to account.
How to buy cryptocurrencies on Digifinex?
- Step 1:
Visit the Official Website, Sign in to your Digifinex account.
- Step 2:
Then click “Deposit” Option.
- Step 3:
Select the currency you want to deposit and click “Copy the wallet address”
- Step 4:
Switch to the interface of your withdrawal platform and click on the “new address”
- Step 5:
Then Paste the deposit address and submit the application
- Step 6:
After block confirmation, tokens will automatically be transferred to the account.
How to sell cryptocurrencies on Digifinex?
- Step 1:
Log in to your account and click “Balance”
- Step 2:
Choose the OTC Account and then click “Transfer”
- Step 3:
Choose the Crypto-currency and Fiat money pair that you want to trade
- Step 4:
Then Click the “Sell” Option
- Step 5:
Input the amount, the system will help you calculate the Fiat money amount automatically
- Step 6:
Click “confirm” to start the order.
- Step 7:
Input the 2FA code and click “confirm” again.
Digifinex Pros and Cons
Pros
- Well-designed trading platform
- Fiat to USDT exchanges
- Provides In-house tokens
- A large number of supported coins
Cons
- US and Singapore clients not accepted
- No marginal trading or leverage
- Focused mostly on Chinese markets
- No advanced trading options
Conclusion
Digifinex is currently one of the world’s leading platforms for trading. They are offering many cryptocurrencies which makes trading more efficient and transparent. DigiFinex is without a doubt a safe and reliable platform that can suit the needs of most day-to-day traders.
DigiFinex offers so many benefits such as providing crypto trading pairs, transparent and authentic market information, and trading rewards. When it comes to competing with other exchanges they are charging decent fees. This makes Digifinex, top on priority for users who wish to trade.
Recent Updates
- On Jan 06, 2020, DigiFinex Co-founder Kiana wished new year greetings for our users and project partners.
- On Mar 28, 2020, DigiFinex co-founder Kiana Shek’s podcasted interview with Territorio Bitcoin
- On May 14, Bitcoin Chairman Roger Ver sat down with Digifinex Co-founder, Kiana Shek, for an ask-me-anything (AMA) session.
- On July 07, 2020, Digifinex Rebrands at 4 Million Users.
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