The amount of the reward for both makers and takers depends on the total trading volume over the last 30 days coupled with the DFT holdings. It features a TradingView-powered candlestick chart that gives traders the ability to monitor any given trading pair with the help of a set of tools for technical analysis. Earlier, U. Today also reported that a lot of young exchanges are trying to cheat their way to the top of the CMC list.
- It has multiple trading options, including Spot, Margin, Perpetual, and Fiat to Crypto trades.
- Users holding short positions are charged an interest rate of 0.01% of the borrowed amount totaling 0.03% for a day.
- The assets mentioned above are quite popular, but the choices at DigiFinex are not limited.
- Similarly, the amount of DFT in one’s account determines their VIP tier, and the tier defines varying fees for transactions on the platform.
- All a borrower needs to do is to be a verified DigiFinex user and meet the collateral amount required for the loan they need.
There are also detailed guides, a help center, and FAQS for users. To begin using the platform you have to sign up, verify your identity to unlock limitations on your account then proceed to buy crypto and explore all of DigiFinex. The wallet is known as the DHM wallet and is integrated with the exchange itself. Thus, it gives users the opportunity to decide if they want their assets to be stored in cold wallets or multi-layer hot wallets. For margin and perpetual trading, the fee is a flat rate of 0.05% which is further discounted for DFT holders. Also, there is a Digifinex special privilege if you close your trade before 10 a.m the next day.
Is DigiFinex a good exchange?
This article aims to provide a comprehensive Digifinex Review, shedding light on its features, safety measures, and overall user experience. This means users in over 150 countries can utilize the exchange, those derivatives and some features may be limited in certain countries. If you need help with when to purchase and sell assets, select an adept trader of your choice and follow his steps.
Users will be required to provide their personal details such as name, date of birth, phone number, residential address, copy of a valid identification card or passport, and proof of address. There is a quick-jump menu to switch between spot and margin trading, and users can access a complete list of trading pairs with a single click. Users can also create a favorites list of their top crypto pairs, allowing quick access to select cryptocurrencies. There are several order types available, including market, limit, and stop limit orders.
DIGIFINEX REVIEW: CRYPTOCURRENCY EXCHANGE, FEATURES, FEES & MORE
When it comes to fees, Digifinex’s competitive rates are attractive, especially for high-volume traders. However, users must remember that lower fees do not necessarily mean better service. It’s essential to consider the overall trading experience, including the platform’s reliability, speed, and ease of use. The trading fee on https://www.tokenexus.com/xmr/ DigiFinex spot exchange is a flat 0.2% per trade. The default spot trading fee is higher than its closest competitors such as Binance, KuCoin, Huobi and OkEX where fees are 0.1%. Long-term and position traders should also be aware there is an overnight interest rate of 0.05% when using the DigiFinex margin trading exchange.
Singapore-based traders, as well as those in the U.S.A., Iran, or North Korea, will not be able to use this exchange. Users can also chat with executives in real time to get real-time customer support. As a result, members can now contact experts for quick answers to questions about cryptocurrency exchange. As for customer experience, DigiFinex has a ⭐ rating of 2.9 in 47 user reviews on Trustpilot. This is considered an average rating on Trustpilot with mixed user reviews, but some users still have positive things to say. The exchange is more self-service in nature, with a help center containing educational resources, withdrawal fees, deposit fees, trading fees, transaction history, and so on.
Exchange Trading Volumes
Digifinex offers users a range of trading options such as spot trading, margin trading, and perpetual contract trading. The platform charges a flat trading fee of 0.2% for both makers and takers, which is relatively competitive compared to other exchanges. Additionally, users can enjoy discounts on trading fees by holding DFT, the native token of the Digifinex platform. DigiFinex users can deposit the major cryptocurrency assets and stablecoins such as Tether (USDT) to start trading. Funds can be deposited on the desktop version or using the DigiFinex mobile trading app.
