DIGIFINEX

Overview of DIGIFINEX

DigiFinex, a cryptocurrency exchange that began its journey in 2017. Headquartered in Seychelles, the exchange is a regulated entity under the supervision of MAS (Monetary Authority of Singapore), ensuring a secure and compliant trading environment.

With various offering of over 700 cryptocurrencies, traders have ample choices to explore and invest in. DigiFinex boasts a fee structure ranging from 0.2% to 0.5% per trade.

Pros and cons

Regulatory Authority

DIGIFINEX operates under the regulatory oversight of the Monetary Authority of Singapore (MAS), holding an exclusive license in the jurisdiction. The MAS, as Singapore's regulatory authority, ensures that DIGIFINEX adheres to stringent standards and complies with regulatory frameworks. This exclusive license signifies a high level of regulatory commitment and establishes DIGIFINEX as a trusted player in the Singaporean financial landscape.

DIGIFINEX has exceeded regulatory requirements imposed by the Australia Securities & Investment Commission (ASIC) and holds an exclusive license. The license type is described as “Exclusive,” and the license number is specified as 627451781.

Security

DIGIFINEX implements various security measures to maintain a secure exchange platform.

These measures include the use of Proof of Reserves (POR), ensuring a 1:1 ratio for customer assets. Information security protocols are in place to protect user assets from unauthorized access.

The exchange emphasizes financial transparency and conducts Merkel Tree audits for additional user assurance. The core infrastructure is built on advanced encryption and security mechanisms, with a dedicated security team continuously monitoring and updating security features.

Users have access to strong security measures such as Two-Factor Authentication (2FA), password protection, whitelist management, and the use of TSS-type deposit addresses. These collectively contribute to providing a secure trading environment for users.

Cryptocurrencies available

Cryptocurrencies available on DIGIFINEX include over 700 different options. The platform offers a wide range of cryptocurrencies, allowing users to access popular options such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as smaller and emerging cryptocurrencies.

DIGIFINEX APP

DIGIFINEX provides a mobile app for users to manage their cryptocurrency portfolios.

The app supports the buying, selling, and trading of over 700 cryptocurrencies, including well-known ones like Bitcoin and Ethereum. Users can securely send and receive cryptocurrencies globally, stake assets for potential rewards, and set up automatic purchases.

How to open an account？

The registration process of DIGIFINEX can be completed in the following steps:

1. Visit the DIGIFINEX website and click on the “Sign Up” button.

2. Provide your email address, create a secure password, and agree to the terms and conditions.

3. Complete the email verification process by clicking on the link sent to your registered email address.

4. Provide additional personal information, such as your full name and country of residence.

5. Submit any required identification documents, such as a passport or driver's license, to verify your identity.

6. Once your account is verified, you can start depositing funds and trading on the platform.

How to Buy Cryptos？

How to Buy Cryptos on DigiFinex: A Step-by-Step Guide

Step 1: Visit the DigiFinex website. Choose the cryptocurrency you wish to buy, like Bitcoin (BTC). Enter the amount of BTC you want to purchase or specify the USD/EUR you plan to spend, and the system will auto-convert the rate. A transaction fee of 3.5% or a flat rate of $10 (whichever is higher) applies, included in the total payment.

Step 2: Confirm your order. Note that this service is currently unavailable for citizens of certain countries, including the USA.

Step 3: Provide billing information and complete verification through mobile phone and email.

Step 4: Input credit or debit card details and proceed with the payment.

Step 5: Upload your identity document and fill in the required details.

Step 6: After the payment is complete, and you can monitor the processing status on the platform.

Fees

DIGIFINEX implements a tiered fee structure for both spot and margin trading, offering fee discounts based on users' trading volumes.

In the spot trading category, the platform distinguishes between the Main Board, Innovation Board, and Other choices. Regular users, with a trading volume of ≥0.00 USDT, incur a maker fee of 0.150% and a taker fee of 0.200%. As traders advance through VIP levels determined by their last 30 days of trading volume, ranging from VIP1 to VIP6, both maker and taker fees decrease, with VIP6 enjoying the lowest fees of 0.000% for makers and 0.080% for takers, applicable for trading volumes ≥500,000,000.00 USDT.

Similarly, for margin trading on the Main Board and Innovation Board, the fee structure follows a similar tiered approach.

Regular users face a maker fee of 0.100% and a taker fee of 0.200%. As users progress through the VIP levels, the fees decrease, reaching the lowest at VIP6, with a maker fee of 0.040% and a taker fee of 0.080% for trading volumes ≥500,000,000.00 USDT.

This tiered fee system encourages higher trading volumes and provides incentives for users to progress to higher VIP levels, ultimately benefiting from reduced trading fees.

Deposit & Withdrawal

DigiFinex streamlines the process of acquiring digital assets, offering a range of user-friendly payment options.

Currency Diversity:DigiFinex supports over 110 sovereign currencies, serving global users and enabling them to choose their preferred payment currency.

A Wide Range of Asset Range:Users can select from more than 100 digital assets, ensuring ample investment opportunities to suit their preferences.

Secure Payment Choices:The platform offers secure payment methods including credit and debit cards, with potential discounts on handling fees for certain transactions.

Simple Confirmation Process:Users can easily confirm their chosen payment method and proceed to complete the transaction.

Efficient Receipt:Upon successful payment, digital assets are received within an estimated timeframe of 10-30 minutes, with easy access to view balances.

Is DigiFinex a Good Exchange for You？

DIGIFINEX eases crypto fears with a friendly interface, familiar coins, and learning tools, making it the safest stepping stone for crypto curious newcomers. Here are some target groups that may find DIGIFINEX suitable:

Beginners:

Intuitive interface: The platform's design is relatively straightforward, making it easier for those new to cryptocurrency trading to navigate and understand.

Variety of popular assets: The wide selection of well-known coins like Bitcoin, Ethereum, and Dogecoin allows beginners to start with familiar names before exploring more niche options.

Advanced Traders:

Margin and derivatives trading: DIGIFINEX is suitable experienced traders seeking higher-risk, higher-reward opportunities through leveraged trading and derivatives contracts.