No Regulation

Score

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/10

DIGITALSURGE

Australia

|

5-10 years

Suspicious Regulatory License|

Medium potential risk

https://digitalsurge.com.au/

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Rating Index
Influence

Influence

C

Influence Index NO.1

Australia 3.01

Better than 97.72% exchange(s)

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C

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No effective regulatory information has been founded yet, please pay attention to the risks!

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Company Name
DIGITALSURGE
Phone of the company
--
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Customer Service Email Address
contact@digitalsurge.com.au

WikiBit Risk Alerts

1
Previous Detection 2024-09-16

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Verified Trader
DIGITALSURGE Exchange was established in Australia in 2017 and offers a platform for buying and selling cryptocurrencies. The exchange has features such as 2-factor authentication, instant deposits and withdrawals, and a mobile app.
2023-04-17 18:31
0
Aspect Information
Exchange Name DIGITALSURGE
Registered Country Australia
Regulatory Authority No Regulation
Number of Cryptocurrencies Available 300+
Fees 0.50%
Payment Methods PayID and bank transfer
Customer Support Help Center: https://help.digitalsurge.com.au/en/

Overview of DIGITALSURGE

Digital Surge, based in Australia, operates without regulatory oversight, offering a platform for trading over 300 cryptocurrencies. The exchange charges a fee of 0.50% per transaction and supports payment methods such as PayID and bank transfers. Customer support is provided through a Help Center accessible at https://help.digitalsurge.com.au/en/, presumably offering assistance and guidance to users navigating the platform or encountering issues.

Overview of DIGITALSURGE

Pros and Cons

Pros Cons
  • Easy to use interface, good for beginners
  • Unclear support for other fiat currencies
  • 2FA, secure storage, regular security updates
  • No public list of supported cryptocurrencies
  • Available for iOS and Android

Digital Surge appears to offer an easy-to-use interface suitable for beginners, along with features like 2FA, secure storage, and regular security updates, enhancing the platform's security measures. However, there are some areas of concern, such as unclear support for other fiat currencies beyond what's mentioned. Additionally, the absence of a public list of supported cryptocurrencies may make it challenging for users to assess whether the platform supports the specific assets they intend to trade. Nevertheless, the availability of the platform on both iOS and Android devices enhances accessibility for users across different mobile platforms.

Regulatory Authority

Digital Surge is a unregulated exchange. This means that it operates without oversight from government authorities or regulatory bodies that typically oversee financial markets and exchanges.

Regulatory Authority

Security

DIGITALSURGE exchange offers the following security measures to protect your funds:

  • Two-factor authentication (2FA): This adds an extra layer of security by requiring a second verification code when withdrawing fiat or cryptocurrency.

  • Multi-layered security: They employ a complex system of security measures to defend against attacks.

  • Wallet storage: They store customer funds in a combination of hot wallets (for easy access) and cold wallets (for offline security) to balance functionality and protection.

  • Regular security updates: They continually review and update their security systems to address new threats.

  • Encrypted website: Their website uses HTTPS encryption to scramble data transmitted between your browser and the exchange, protecting your information.

  • Password security: They hash and salt passwords in their database, making them unreadable in case of a breach.

  • Secure infrastructure: They keep application credentials separate from the database and codebase, and maintain secure server environments on a closed network.

  • Employee background checks: All DIGITALSURGE employees undergo criminal background checks for added trust.

Security

Cryptocurrencies Available

Digital Surge offers a wide range of cryptocurrencies for trading, according to several sources:

  • CoinWire states they offer over 100 cryptocurrencies .

  • Coinware mentions a figure exceeding 300 .

Cryptocurrencies Available

Fees

Digital Surge claims to have a transparent fee structure and avoid hidden fees:

  • Trading Fee: They explicitly state a flat fee of 0.5% for both buying and selling cryptocurrencies.

  • Transparency: They emphasize a transparent fee structure, suggesting minimal hidden fees.

Digital Surge offers free deposit and withdrawal via PayID and bank transfer.

All fees are, unless otherwise expressly stated by them:

  • for fees described in fiat currency, in Australian dollars ($AUD);

  • for fees described in Digital Assets, in those applicable Digital Assets; and

  • inclusive of goods and services tax and other value-added tax.

Fees

DIGITALSURGE APP

DIGITALSURGE has its own mobile app for iOS and Android devices. It allows users to buy, sell, trade, and manage their cryptocurrencies on the go.

Features of the DIGITALSURGE app:

  • Simple and user-friendly interface: The app is designed to be easy to use, even for beginners.

  • Buy and sell cryptocurrencies: Users can easily buy and sell a wide variety of cryptocurrencies with fiat currency (e.g., AUD).

  • Trade cryptocurrencies: The app supports margin trading, allowing users to trade with leverage.

  • Manage your portfolio: Users can track their cryptocurrency holdings, view transaction history, and set up price alerts.

  • Secure storage: DIGITALSURGE uses a combination of hot and cold wallets to store cryptocurrencies securely.

  • 2FA security: The app supports two-factor authentication (2FA) to add an extra layer of security.

How to download the DIGITALSURGE app:

  • iOS: Users can download the app from the Apple App Store: [移除了无效网址].

  • Android: Users can download the app from the Google Play Store: https://play.google.com/store/apps/details?id=au.com.digitalsurge&hl=en_US&gl=US.

DIGITALSURGE APP

Is DIGITALSURGE a Good Exchange for You?

Digital Surge seems suitable for a variety of users, especially considering their focus on user-friendliness and a wide range of features:

Beginners:

  • Simple and user-friendly interface: Digital Surge emphasizes an easy-to-use platform, making it approachable for those new to cryptocurrency trading.

  • Educational resources: Their website suggests they offer educational content to help beginners understand the complexities of cryptocurrency.

  • Fiat support: They allow buying crypto directly with Australian dollars (AUD), skipping conversion complexities for beginners .

Experienced Traders:

  • Wide variety of cryptocurrencies: With potentially over 300 coins , Digital Surge caters to traders interested in a diverse portfolio.

  • Margin trading: Their app reportedly allows margin trading, appealing to experienced traders seeking leverage options.

Is DIGITALSURGE a Good Exchange for You?

FAQs

Q: Does Digital Surge have a mobile app?

A: Yes, Digital Surge offers a mobile app for iOS and Android devices. It allows users to buy, sell, trade, and manage cryptocurrencies on the go. The app features a user-friendly interface, secure storage, and 2FA security.

Q: Is Digital Surge suitable for beginners?

A: Digital Surge appears beginner-friendly with a simple interface and potentially educational resources. They also allow buying crypto with AUD, simplifying the initial steps.

Q: Is Digital Surge suitable for experienced traders?

A: Digital Surge might cater to experienced traders with a wide variety of cryptocurrencies, margin trading options, and a potentially competitive flat fee structure.

Q: Where can I download the Digital Surge app?

A: You can download the app from the Apple App Store (for iOS) or Google Play Store (for Android).

Q: Does Digital Surge accept users from all over the world?

A: Currently, their support seems focused on Australia and New Zealand. It's best to check their website or contact support for confirmation.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.