DigiFinex Exchange Review

DigiFinex Exchange Review

Daniel Chan

April 19, 2022

Cryptocurrency

What is DigiFinex?

DigiFinex is an Asia-based cryptocurrency exchange with more than four million users from all over the world. The exchange is currently headquartered in Hong Kong, where it manages pretty much everything. Started in 2017, DigiFinex has developed a lot since then, adding features and trading options that the latest trading community demands. It also claims to be among the best and widest crypto exchanges in the world due to its massive volume and high liquidity. The company’s bank-grade protection and multilayered security system ensure the safety of users’ assets and funds.

DigiFinex does not provide services solely to traders. It also brings opportunities for investors who are looking to buy crypto assets. With hassle-free signup and a relatively easy website layout, traders and investors can easily start using the platform’s services. Fast and efficient customer support also helps users overcome any inconveniences they may face. DigiFinex offers its services to more than 150 countries. But unfortunately, the US is not among them.

  • Web Address: www.digifinex.com
  • Main Location: Hong Kong
  • Cryptocurrencies: BTC, ETH, AAVE, USDT, ADA, ATOM, BCH, and 300+ more
  • Fiat Currencies: USD, EUR, AED, CAD, AUD, JPY, and more
  • Payment Methods: Visa/Mastercard, Apple Pay, Bank Transfer, E-Wallet, Cryptocurrency
  • Deposit Fees: Varies
  • Trading Fees: 0.15% / 0.20% maker/taker
  • Mobile App: Yes

My Overall Thoughts on DigiFinex

DigiFinex is a really easy and efficient cryptocurrency exchange with all-in-one services for its users. Whether you want to purchase popular crypto assets or trade digital assets, you can do it all with DigiFinex. The best things about the platform, to me, are below:

1) There are over 300+ crypto assets to buy and trade:  The variety of crypto assets DigiFinex offers is simply amazing. Investors can buy almost any popular asset. For traders, there are hundreds of digital assets to choose from.

2) The platform is beginner-friendly:  This aspect attracts many new traders and investors to DigiFinex. The platform integrates several features that make it easy for new users, including a demo account, guides and premium customer support. With the demo account, users can freely trade to see how markets work without investing their own money. The customer support features a live chat option and a massive blog to keep you updated.

3) Traders get several options:  Having access to several markets improves a trader’s chances of better profits. Aside from the simple spot market, DigiFinex offers margin trading, which gives traders leverage over the usual market, as well as derivative trading and ETFs.

Of course, the platform is not perfect. It needs to work on its P2P market a little and bring a little more diversity to supported fiat currencies. It would also be great if it would enable US users.

Key Features and Advantages of DigiFinex

Going with DigiFinex means opting for a crypto exchange that offers you almost everything in one place without compromising. DigiFinex users can trade professionally, explore different markets, check out tons of trading pairs, invest their money in assets and learn the cryptocurrency industry right from the exchange. This is just a glimpse of what DigiFinex offers. To learn more, review the list below.

Negatives and Disadvantages of DigiFinex

While DigiFinex provides what it claims to offer, there are a few aspects where it can improve its services. Check out the negatives of DigiFinex below.

What Services Does DigiFinex Offer?

DigiFinex offers trading and investing services and features. They make it easy to have a full experience in the blockchain industry, allowing users to purchase cryptocurrencies and trade hundreds of assets on a single platform. Traders even have access to multiple markets.

The quick and precise customer service and up-to-date blog allow users to solve problems and become familiar with the platform conveniently. To learn more about these and the many other aspects of DigiFinex, keep reading below.

Buy crypto quickly with credit or debit cards:  DigiFinex users can buy several cryptocurrencies almost instantly with credit or debit cards. DigiFinex does not have its own payment system; rather, it uses third-party merchants for online payments. This gives users a variety of merchants to choose from, but the fees can be a little high. If you don’t want to use a credit or debit card, you can opt for a bank transfer. It might take a little longer to verify payment, but the process will be quick and hassle free.

A massive range of over 300+ crypto assets:  DigiFinex has not compromised on its availability of crypto assets for purchase or trade. It is pretty common for crypto exchanges to offer a meager variety of crypto assets that users can purchase directly. But if you choose DigiFinex, you can buy almost every popular and emerging cryptocurrency with potential. As for assets and pairs available for trading, the numbers become even bigger, fulfilling the requirements of any professional trader.

DigiFinex offers hundreds of assets to traders. Along with the highest-traded ones like Bitcoin and Ethereum, you can find new assets, including ones with a particular aim to help society prosper.

Below is a fraction of what you can trade on DigiFinex:

  • DOGE
  • BTC
  • ETH
  • XRP
  • ADA
  • TIN
  • LTC
  • DOT
  • BCH
  • ETC
  • XMR

The assets mentioned above are quite popular, but the choices at DigiFinex are not limited. You may find opportunities many other traders miss out on.

Several trading options, including spot trading, margin trading and ETFs:  Rather than hosting a single trading market, DigiFinex offers diversity in the trading experience. Users can trade not only in the spot market but also with ETFs. The spot market is the best choice for the beginner or standard trader as it provides real-time data and does not depend on anything but the actual price of an asset. ETFs are mostly shares sold by an exchange, so their price might vary depending on the asset. But whichever market you choose, there are more than enough assets to explore.

Margin trading with up to 3x leverage is supported on 5 different cryptocurrencies: BTC, ETH, LTC, EOS and XRP. Remember that it is very risky to use leverage, and we do not recommend you margin trade unless you are very experienced and fully understand the risks.

By visiting any of the markets, traders can also view the essential details of any asset, including its price change, volume and the day's highest and lowest. This gives you brief insights into that asset’s performance.

Professional mobile apps:  Mobile phones and similar devices have become a necessity for many of us. Because of their prevalence, it’s a convenient feature to be able to trade and invest your money in crypto right from your mobile device. DigiFinex offers professional mobile apps to Android and iOS users. These users can download the app from their phone’s app store. Users can perform all of the platform’s functions on the mobile app, including signing up, verifying their details, trading and investing. The app offers a good enough experience to trade without compromising much on the data. You still have access to all the info, detailed charts and precise movements a trader needs to open trades and make profits.

Detail-oriented charts and trading layouts:  If you are a professional trader who requires tons of information before opening a position, then you need an exchange that is detail-oriented, precise and accurate. These three qualities define DigiFinex. The platform utilizes accurate, fast and precise charts to ensure that traders get legit info about the market conditions of particular assets.

DigiFinex also offers many options to adjust the trading interface. Traders can choose different time-sharing options, ranging from one minute to one week. They can also use drawing tools on the chart to evaluate and determine different possibilities, integrate indicators of different kinds to determine the market movements of an asset, and take snapshots of the charts or opt for full-screen mode for the best possible focus. These are some of the reasons DigiFinex is a great option for a professional and high-grade trading experience.

Derivatives trading:  Derivatives trading is not something that every crypto exchange offers. However, derivative trading has the potential to enhance your gains and open better opportunities to earn. A great thing about derivative trading at DigiFinex is that the exchange offers perpetual swaps, including USDT swaps or coin swaps. Traders can even check out insurance funds and funding rates for better insights and possibilities.

Crypto loans:  Registered users can obtain crypto loans on DigiFinex. DigiFinex claims low interest rates, and there are no agency fees. To take out a crypto loan, create a borrower request. The exchange will review the request and, if approved, you will get the funds instantly. Make sure to consider the interest rate and length of the loan before taking one out.

Beginner-friendly platform:  For some exchanges, it feels like you need to read a complete manual and watch several guide videos just to get started. But DigiFinex is a very beginner-friendly platform with easy features and options. The platform clearly divides its several options. If you are a simple investor, visit the “Buy Crypto” section. Most of the rest of the options are suited for traders.

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.

Exclusive DigiFinex launchpad for early opportunities:  If you do not want to miss any opportunity to get your hands on an asset that might be a big thing tomorrow, then the launchpad is for you. With DigiFinex’s launchpad, you can keep up with new crypto projects and their release dates. You might even get early discounts or airdrops that could really pay off in the future.

If you visit the launchpad section of DigiFinex, you will see three different sections: one is for the projects that are in progress, the second is for projects that are arriving soon and the third is for projects that have already ended.

Live Chat support with an up-to-date blog:  Due to the complications of the industry, it’s not uncommon to face questions and technical issues. What sets an exchange apart is how it handles its users’ problems. As for DigiFinex, the platform offers fast and efficient live chat support that is available almost throughout the day.

The platform also runs a blog to keep you up to date with the latest crypto news and market movements. You can also learn particulars about the platform and the industry.

Earn through referrals and staking:  DigiFinex provides several ways to earn a side income. One of them is staking, through which users earn interest on their assets. The best thing about the DigiFinex staking system is flexible terms, so you can always find a plan that fits your needs.

Another great way to earn with DigiFinex is through its referral program. If you can bring friends or relatives to the platform, you can earn a considerable amount each month.

Things I Don't Like About DigiFinex

DigiFinex might be an excellent crypto exchange in many ways, but the platform still has some problems that you should consider before signing up.

Not available in the US:  DigiFinex is a global platform, but unfortunately it is unavailable in the United States of America. So, if you live in the US, you will have to find another crypto exchange. All we can do here is wait and see if the platform  changes this in the future.

Very limited P2P trading:  While P2P markets are a good idea, as they allow users to easily purchase different assets through local currencies or different payment methods, DigiFinex’s P2P market is very limited. It supports only a few fiat currencies, and very few merchants offer those fiat currencies. This limits many users from using the P2P platform.

DigiFinex Fees

DigiFinex Deposit Fees

Depositing crypto on DigiFinex is totally free. However, buying crypto assets on the platform via its third-party merchants comes with a fee that varies depending on the merchant. The fee is usually between 5% and 15%.

DigiFinex Trading Fees

The trading fee at DigiFinex starts at 0.15% for makers and 0.2% for takers. However, under certain conditions, you can lower the trading fee:

DigiFinex Fiat Withdrawal Fee

DigiFinex does not currently support fiat withdrawals.

DigiFinex Crypto Withdrawal Fee

The withdrawal fee for cryptocurrencies on DigiFinex varies depending on the asset.

Pros and Cons of DigiFinex

Pros
  • Easy and fast crypto purchases
  • Professional trading experience
  • Several trading markets
  • Crypto loans
  • Premium support
Cons
  • Not available in the US
  • Limited P2P trading

Verdict

If you have decided to go with DigiFinex, you will not regret your decision. The advanced trading features, variety of trading markets and assets and futuristic interface are good reasons to join, despite the limitations of the P2P market.

If you are looking to join, all you need is an email. Just make sure to verify your details right at the start to avoid any restrictions or limitations.

As mentioned above, if you are from the USA, unfortunately you won't be able to access DigiFinex. In this case, you can find a suitable exchange that works for you in our article about the best cryptocurrency exchanges in the USA. There is also a quick comparison table below which you can use to help you decide on a trading platform.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
Pionex
Coinmama
Gemini
Uphold
Crypto.com
Crypto Exchange
Crypto Exchange
eToro
Pionex
Coinmama
Gemini
Uphold
Crypto.com
Fiat Currencies
Fiat Currencies
USD
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, AUD, CAD, EUR, GBP, SGD, HKD
USD, GBP, EUR, CHF, AUD, JPY & 21 more
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 50 more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, BCH, DOGE & 90+ more
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 250+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank transfer (ACH), Debit card, Wire Transfer, Cryptocurrency
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Bank Transfer (ACH), BPAY, SEPA, Credit/Debit card, PayPal, TransferWise, Fedwire, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.05%
2.93% - 3.90% (depending on loyalty level)
From 0.25% (maker) and 0.35% (taker)
Fees included in the spread
Exchange: from 0.4%, App: Free (included in spread)

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Frequently Asked Questions

Can I trust DigiFinex?

Absolutely! DigiFinex has been serving millions of users from all over the world for a few years now. It ensures the full protection of its users and the funds they bring onto the platform.

Has DigiFinex ever been hacked?

DigiFinex has never been hacked or faced any type of suspicious activity in its successful run of multiple years, due to its several security measures and protective criteria.

Can US citizens register on DigiFinex?

DigiFinex does not offer its services to users in the US, due to the laws and regulations there. If you are from the USA, you can read our article on the best crypto exchanges in the US (click here).

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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