Regulated

Score

0123456789.01234567890123456789
/10

DIGIFINEX

Singapore

|

5-10 years

Digital Currency License|

Company Registration|

Suspicious Overrun|

High potential risk

https://www.digideriv.com/

Website

Yesterday Vol
7 Days
Rating Index
Influence

Influence

C

Influence Index NO.1

Indonesia 8.39

Better than 99.83% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

The WikiBit Score of this exchange is lowered because of too many unresolved complaints!
Influence
C

Licenses

MAS

MASRegulated

Digital Currency License

ASIC

ASICExceeded

Company Registration

Exchange Info

More
Company Name
DIGIFINEX
Phone of the company
--
Customer Service Email Address
support@digifinex.com
info@satang.com

WikiBit Risk Alerts

2
Previous Detection 2024-04-25

The number of the negative comments received by WikiBit have reached 7 for this Exchange in the past 3 months, please be aware of the risk and the potential scam!

Company Registration goes beyond their business with the licenses Australia ASIC (license number: 627451781), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

$ 6.8936b

$ 6.8936b

44.48%

$ 3.5536b

$ 3.5536b

22.93%

$ 1.7495b

$ 1.7495b

11.28%

$ 800.233m

$ 800.233m

5.16%

$ 405.138m

$ 405.138m

2.61%

$ 113.731m

$ 113.731m

0.73%

$ 113.693m

$ 113.693m

0.73%

$ 108.386m

$ 108.386m

0.69%

$ 102.07m

$ 102.07m

0.65%

$ 97.031m

$ 97.031m

0.62%

$ 90.404m

$ 90.404m

0.58%

$ 89.226m

$ 89.226m

0.57%

$ 72.658m

$ 72.658m

0.46%

$ 72.193m

$ 72.193m

0.46%

$ 71.014m

$ 71.014m

0.45%

User Reviews

More

51 ratings

Participate in evaluation
Lala27
DigiFinex is one of the world’s top ten centralized exchanges (CEXs) by liquidity and trading volume. Supports over 300 altcoins ang has crypto quant funds for high-stake investors
2023-11-28 20:56
3
bash268
has a lot of bug, not recommended
2023-09-06 12:02
8
FX1063686880
The customer service of D网 is terrible! I sent an email and waited for three days without any response! I paid the fee but still haven't received my money back. It's really frustrating! Please improve this essential service, D网!
2024-04-03 21:41
8
Dan3450
I hope the users, including me, can access to your website soonest.
2023-11-28 21:16
5
FX1045604788
D network transaction fees are too high, and the liquidity of the platform is poor, which often affects my ability to trade quickly. It doesn't meet my investment needs at all, and the customer service is terrible!
2023-09-14 14:33
8
TRADER Tboss
The educational resources here are gold. Perfect for both newbies and seasoned traders. A great place to sharpen your crypto knowledge.
2023-12-23 22:00
6
BLESSing7943
I was hesitant to start trading, but this exchange made the process so easy. It's perfect for those of us just getting into crypto.
2023-12-22 04:30
3
Bros APE
The inclusion of a dark mode is a small detail, but it makes a big difference for night traders like me. It's thoughtful touches like these that set this exchange apart.
2023-12-23 02:02
4
TOMI187
I trust this exchange with my crypto assets. The security measures in place give me peace of mind, and the trading experience is top-notch.
2023-12-10 08:15
6
Bro Fx
As an experienced trader, I appreciate the variety of advanced order types available. It caters to different trading styles and allows for precise execution strategies.
2023-12-09 03:10
4
MICKY FX
The robust API documentation is a boon for developers. It's clear that this exchange values the contributions of the broader crypto community.
2023-12-06 21:39
6
imani
The withdrawal process is lightning-fast. No more waiting for hours – my funds are in my wallet almost instantly.
2023-12-06 02:15
7
Agudi
This exchange is like a tutor for beginners. The guidance is clear, and I feel like I'm learning the ropes of crypto trading without any unnecessary complexity.
2023-12-06 01:14
6
Bros APE
OKX support for multiple fiat currencies facilitates a global user base. It's inclusive and ensures accessibility for users around the world.
2023-12-05 15:40
9
Chiamaka
The exchange's commitment to user feedback is commendable. It shows they value the insights of experienced traders, making the platform feel like a collaborative effort.
2023-12-05 15:31
7
vienn
The integration of a trading journal feature is a thoughtful addition. It helps me track my performance and continuously improve my trading strategies..
2023-12-02 22:13
6
yesir3838
The security features on this platform give me peace of mind. It's clear that they prioritize the safety of their users' assets.
2023-12-02 17:38
4
bash268
This has a lot of things to change and improve.
2023-09-06 12:01
6
xabi
I've had nothing but positive experiences with this exchange. From the easy onboarding process to the seamless transactions – it's a winner all the way. DIGIFINEX all the way!!
2023-12-02 03:42
6
mide fx
The social trading features are great for learning from others.
2023-12-29 01:52
9

View all comments

Aspect Information
Company Name DigiFinex
Registered Country/Area Seychelles
Founded Year 2017
Regulation Regulated by the MAS. Exceeded regulatory requirements by ASIC.
Cryptocurrencies Available Over 700 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many more.
Trading Fees Tiered fee structure ranging from 0.2% to 0.5% per trade. Discounts based on VIP levels and trading volume. Spot and margin trading fees vary.
Payment Method Supports over 110 sovereign currencies. Offers secure payment methods including credit and debit cards.
Customer Support 24/7 customer support via email at support@digifinex.com.

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. The exchange is committed to providing top-notch customer support, reachable via email at support@digifinex.com, ready to address any inquiries.

Overview of DIGIFINEX

Pros and cons

Pros Cons
Wide range of cryptocurrencies Limited leverage options
Convenient trading platforms Absence of traditional fiat currencies
Cryptocurrency deposits and withdrawals
Regulated by MAS

Pros:

  • Wide Range of Cryptocurrencies: DIGIFINEX offers over 100 cryptocurrencies for trading, providing users with a wide range of options to choose from. This allows users to potentially explore new investment opportunities and diversify their portfolios.

  • Convenient Trading Platforms: With a web-based platform and a mobile app, DIGIFINEX provides users with easy access to their accounts and the ability to trade on the go. This flexibility and convenience allow users to take advantage of market opportunities no matter where they are.

  • Cryptocurrency Deposits and Withdrawals: DIGIFINEX supports cryptocurrency deposits and withdrawals, making it easy for users to manage their funds directly without the need for traditional fiat currencies. This helps streamline the trading process and reduce the time and complexity associated with transferring funds.

  • Cons:

    • Limited Leverage Options: While DIGIFINEX does offer leverage options, the maximum leverage available is 1:10. This may be lower compared to other exchanges that offer higher leverage ratios. It could limit the trading strategies and potential returns for users who prefer higher leverage options.

    • Absence of Traditional Fiat Currencies: DIGIFINEX solely focuses on cryptocurrencies and does not support trading with traditional fiat currencies. This may be a drawback for users who prefer a more integrated trading experience that combines both virtual and traditional currencies.

    • 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.

      Regulatory Authority

      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.

      Regulatory Authority

      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.

      Security

      Trading Market

      DIGIFINEX offers a wide range of cryptocurrency trading assets categorized by:

      Favourites: These are popular coins like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and XRP (XRP).

      Spot: This section houses the largest variety of coins for basic buys and sells. Some notable names include Cardano (ADA), Binance Coin (BNB), Litecoin (LTC), and Solana (SOL).

      Margin: Here, you can trade with leverage, amplifying both potential gains and losses. You'll find familiar faces like Chainlink (LINK), Tezos (XTZ), and Polygon (MATIC) alongside lesser-known gems.

      Derivatives: For advanced traders, DIGIFINEX offers contracts based on the future price of assets. Popular choices include Bitcoin futures (BTC/USD), Ethereum futures (ETH/USD), and perpetual contracts on various coins.

      ETF: While traditional ETFs track stocks, crypto ETFs here track the performance of certain digital assets. Currently, only a limited selection is available.

      Beyond these main categories, DIGIFINEX further organizes assets by specific themes like DeFi (decentralized finance), Meme coins, Layer2 scaling solutions, and Web3 projects. This helps users discover coins based on their interests and investment goals.

      Trading Market

      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.

      Cryptocurrencies available

      Services

      Beyond trading, DIGIFINEX provides a range of services:

      Investment Opportunities: DIGIFINEX facilitates investment opportunities through features like Apply to List, allowing projects to be listed on the exchange. Additionally, users can explore potential investment avenues using the Investment Apply feature.

      Developer Tools: The platform offers developer tools such as API integration, enabling users to incorporate DIGIFINEX functionalities into their applications easily. Collaborative opportunities can also be explored through the Alliance Partner program, fostering engagement and innovation in the crypto space.

      Services

      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.

      The platform also offers features such as news updates and price tracking. Additionally, DIGIFINEX provides wealth management programs with varying returns, including up to 50% for advanced plans.

      DIGIFINEX APP

      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.

      How to open an account?
      • 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.

      How to Buy Cryptos?

      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.

      How to Buy Cryptos?

      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.

      Fees

      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.

      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.

      Deposit & Withdrawal

      Customer Support

      • DigiFinex values the strong bond it shares with its user community. Users can join the English Telegram Group (https://t.me/DigiFinexEN) to stay updated on the latest news and actively participate in discussions. Similarly, for the Chinese-speaking audience, the Chinese Telegram Group (https://t.me/DigiFinexcn) serves as a hub for interaction and updates.

      • For inquiries and assistance, individuals can contact DigiFinex through their customer support email at support@digifinex.com. For matters related to business cooperation, they can reach out to Oscar via Telegram at @oscaror. Similarly, for inquiries regarding derivatives affiliate cooperation, Harry can be contacted through Telegram at @harry_dgf.

      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.

      • Educational resources: DIGIFINEX offers a Help Center with FAQs and guides, providing a foundation for beginners to learn about cryptocurrency concepts and trading strategies.

      • 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.

      Investors Seeking Opportunities:

      • Investment application: DIGIFINEX provides a channel for individuals and organizations to apply for potential investment opportunities within the crypto space.

      FAQs

      • Q1: What is DigiFinex's fee structure for trading on its platform?

      • A1: DigiFinex charges a transaction fee ranging from 0.2% to 0.5% per spot transaction. Discounts are available for DFT holders, and VIP users enjoy lower fees, with a minimum fee of 0.060%.

      • Q2: How can I get assistance if I have questions or issues while using DigiFinex?

      • A2: DigiFinex provides a comprehensive support system. Instant answers can be found in the Support Center, and users can also reach out for help through Live Chat or email, available 24/7/365.

      • Q3: Can I easily buy cryptocurrencies on DigiFinex's platform?

      • A3: Absolutely. DigiFinex is committed to making cryptocurrency trading straightforward. With just one click, users can buy crypto, ensuring they never miss out on potential earnings.

      • Q4: Does DigiFinex offer a wide range of cryptocurrencies for trading?

      • A4: Yes, DigiFinex provides a variety of cryptocurrencies to accommodate different user needs. This allows traders to align with market trends and seize various trading opportunities.

      User Review

      John:

      “Been using DigiFinex for a while now and I must say, their security measures are top-notch. Two-factor authentication, cold storage for most funds, and regular security updates make me feel safe. The platform's user interface is user-friendly, making trading a breeze. Liquidity is generally good, even for less-known coins. However, I wish they had more detailed order types available. Customer support is quick and helpful, although I'd appreciate more educational resources. Trading fees are reasonable, and their privacy policy gives me peace of mind. Deposit and withdrawal speed varies but is generally acceptable. Overall, a stable exchange with room for improvement.”

      CryptoNewbie:

      “DigiFinex offers a wide range of cryptocurrencies to trade, which is a huge plus. The interface is intuitive, even for beginners. I like that they prioritize security, using cold wallets and offering a range of privacy features. However, their regulatory status is a bit unclear, which can be concerning. The customer support team is responsive and helped me resolve an issue quickly. Trading fees are competitive, especially if you're a DFT holder. But I did experience some delays in withdrawals. The exchange stability is generally good, but there were a couple of instances of lag during high volatility. Overall, a solid choice for trading with room for more regulatory transparency.”

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