DigiFinex has listed 700+ cryptocurrencies, offering access to Spot, Margin, and Futures contracts. The exchange offers up to 25% discount to DFT token holders and an Earn program with APY of up to 10%.
DigiFinex Exchange Company Information & Regulation
DigiFinex is operated by DIGIFINEX LIMITED and was founded by Jia Pu and Kiana Shek in 2017.
The company has offices in 6 countries with over 6 million clients and 700+ trading pairs. DigiFinex key figures:
- Monthly active users: 670K
- Average daily trading volume: $2B
- Support languages: 11
- Leverage options: Up to 1:100
Summary of Specifics Table
The crypto exchange offers a range of services including spot trading, margin trading, and futures markets. Let’s take a quick look into DigiFinex offerings:
Exchange | DigiFinex |
Launch Date | 2017 |
Levels | Regular – VIP 6 |
Trading Fees | Variable based on the market and user level |
Restricted Countries | China, United States, Singapore, Cuba, Iran, North Korea, Syria, Crimea |
Supported Coins | 700+ |
Futures Trading | Yes |
Minimum Deposit | N/A |
Deposit Methods | VISA, MasterCard, Cryptocurrency |
Withdrawal Methods | Cryptocurrency |
Maximum Leverage | 1:100 |
Minimum Trade amount | Variable based on coin |
Security Factors | Multi-layer security architecture, SSL encryption and firewalls, Multi-factor authentication, Cold Storage |
Services | Margin Trading, Spot Market, Token Launchpool, Crypto Cards, Cloud Mining, P2P Trading |
Customer Support Ways | Ticket, Live Chat, Email |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market, Instant |
Native Token | DFT |
Advantages and Disadvantages
Let's take a look at the advantages and disadvantages of using DigiFinex for crypto trading:
Pros | Cons |
Wide Range of Supported Cryptocurrencies | Higher Fees Compared to Some Competitors |
Margin And Derivatives Trading Available | No Fiat-To-Crypto Trading Pairs |
User-Friendly Mobile Apps | Not Available in Some Countries (e.g., USA) |
Multiple Payment Methods Supported | Potential Concerns About Inflated Trading Volumes |
Innovative Features Like Crypto Credit Card | Limited Fiat Currency Support |
What are DigiFinex User Levels?
DigiFinex offers a tiered user level system that provides various benefits based on 30-day trading volume:
Level | 30-Day Trading Volume (USDT) |
Regular | ≥ 0.00 |
VIP 1 | ≥ 100,000.00 |
VIP 2 | ≥ 1,000,000.00 |
VIP 3 | ≥ 5,000,000.00 |
VIP 4 | ≥ 20,000,000.00 |
VIP 5 | ≥ 200,000,000.00 |
VIP 6 | ≥ 500,000,000.00 |
The exchange also offers discounts to traders who utilize the DFT native token for commission payments.
Fees and Commissions
DigiFinex's fee structure is based on User Levels and it’s competitive, though not the lowest in the market:
Level | Spot Maker | Spot Taker | Margin Maker | Margin Taker |
Regular | 0.150% | 0.200% | 0.1% | 0.1% |
VIP 1 | 0.120% | 0.180% | 0.08% | 0.08% |
VIP 2 | 0.100% | 0.160% | 0.07% | 0.07% |
VIP 3 | 0.080% | 0.140% | 0.05% | 0.06% |
VIP 4 | 0.050% | 0.120% | 0.04% | 0.05% |
VIP 5 | 0.020% | 0.100% | 0.03% | 0.04% |
VIP 6 | 0.000% | 0.080% | 0.025% | 0.035% |
The exchange also charges a market interest fee for borrowing margin while trading with leverage options, which is dynamically adjusted based on market supply and demand.
However, at the time of writing this DigiFinex review, the market interest rate is 0.01% for all cryptocurrencies.
Futures Trading fees are 0.03% for makers and 0.05% for takers. Besides that, withdrawal commissions vary by cryptocurrency, generally low compared to other exchanges.
How many Coins are available in DigiFinex?
The platform supports a wide list of 700+ digital assets across different categories, from NFTs to stablecoins.
- Major coins: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC)
- Popular altcoins and tokens
- Stablecoins: USDT, USDC, DAI
- Native token: DigiFinexToken (DFT)
The exchange regularly adds new coins and tokens, keeping up with market trends and user demand. This wide selection allows traders to diversify their portfolios and explore emerging projects.
Futures and Margin Trading
For advanced traders, DigiFinex offers robust futures and margin trading options:
DigiFinex Margin Trading
- Up to 1:10 leverage
- 230 trading pairs in the USDT market
- Available for major cryptocurrencies
- 01% interest rate (dynamically adjusted)
- Isolated and cross-margin modes are available
DigiFinex Futures Trading
- Perpetual contracts with leverage options of up to 1:100
- USDT-margined and coin-margined options
- More than 20 trading pairs
- Advanced order types, including Limit, Market, Trigger, and Stop Market
- Copy trading feature
- Liquidation protection mechanism
These advanced trading options cater to experienced traders looking to maximize their potential profits, but they also come with increased risk. Always trade responsibly and within your risk tolerance.
How to Register in DigiFinex? Complete Guide!
To open an account on DigiFinex, you’ll need an email address or phone number. However, you must complete the KYC procedure to access the platform’s services.
#1 Head to the Exchange’s Website
Visit DigiFinex official website and click “Register” to reach the application form.
#2 Set Account Details
Provide your email address or phone number, complete the CAPTCHA quiz, and then enter the verification code sent to you by email or SMS.
In the end, you should set a strong password for your account, that must include 8 – 20 characters: Uppercase, lowercase letters, numbers, and symbols.
#3 Perform Real-Name Verification
DigiFinex has implemented a 3-level verification system with each level offering different withdrawal limits:
Verification Level | 24h Withdrawal Limit |
Lv.1 ID Document | 50,000 USDT |
Lv.2 Liveness Check | 500,000 USDT |
Lv3. Proof of Residence | 1,000,000 USDT |
To initiate the Know Your Customer (KYC) procedure, you must first download the DigiFinex mobile app, log in to your account, and from the profile menu, navigate to the “Account Security”, “Real-Name Verification”.
Here are the required documents for each verification level of DigiFinex:
- ID Document: Passport or ID card
- Liveness Check: A selfie according to the prompts
- Proof of Residence: Bank statement, Utility bills, Credit card statement, or Driver’s license
What Platforms and Applications are Available on DigiFinex Exchange?
In addition to a web-based trading platform, the exchange offers robust mobile applications and a comprehensive API service. DigiFinex API supports two protocols, including REST and WebSocket for algorithmic trading. Here are the download links to mobile apps:
Whether you prefer trading on desktop or mobile, DigiFinex has you covered with its user-friendly interfaces and robust feature sets.
DigiFinex Security Measures
According to the constitution of DigiFinex, security is one of their main priorities. For this purpose, this exchange has arranged the following measures to ensure the security of users:
- Multi-layer security architecture
- SSL encryption and firewalls
- Multi-factor authentication
- Cold wallet storage for majority of funds
- Regular security audits
- KYC and AML compliance
- No reported hacks or major security breaches to date
- Above 100% proof of reserves funds
While no exchange is 100% secure, DigiFinex has implemented strong measures to protect user funds and data.
What are available Payment Methods in DigiFinex?
DigiFinex offers a Crypto Buy feature, allowing traders to purchase cryptocurrencies via fiat currencies, such as USD, EUR, AED, AMD, CAD, TRY, ZAR, and many more through 3rd party providers, including:
- Simplex: VISA and Master Card
- Mercuryo: VISA, Master Card, and Bank Transfer
Note that while you can deposit fiat and buy digital assets, fiat withdrawals are not available on DigiFinex. However, you may deposit and withdraw crypto at any time.
Trust Scores
The DigiFinex Trustpilot profile has received 128 comments, resulting in an average score of 3.6 out of 5. While 40% of ratings are 1-star (negative), 60% of DigiFinex reviews are positive (4-Star and 5-Star).
Beyond these grades, we found out in the DigiFinex review that the positive and negative opinions about this exchange center around the following points:
Positive | Negative |
User-friendly interface | Account closure issues |
Wide range of trading options | Questions about trading volume transparency |
Innovative features like the crypto credit card | Higher fees compared to some competitors |
Generally responsive customer support | Withdrawal issues |
DigiFinex Features
One of the biggest upsides in this DigiFinex review is the platform’s wide range of offerings, from Crypto cards to copy trading.
Staking | Yes |
Yield Farming | Yes |
Social Trading | Yes |
Liquidity Pools | Yes |
Crypto Cards | Yes |
DigiFinex Exchange Support
DigiFinex offers 24/7 customer support through various channels:
- Live chat: Available on website and mobile app
- Email: support@digifinex.com
- Help Center with extensive FAQs
Response times may vary, but the exchange generally strives to provide timely assistance to its users.
What Investment Options does DigiFinex Support?
DigiFinex offers several investment options beyond standard trading, including crypto staking, copy trading, and cloud mining.
DigiFinex Earn
- Auto-Earn account with flexible use of assets
- Hourly interest
- Managed by Rivendell Fund
- APY up to 10%
DigiFinex Copy Trading
- Automate copy of successful traders
- A wide list of verified "Lead Traders"
- Flexible allocation limits and risk preferences
DigiFinex Cloud Mining
- A 190MW mine in Indiana, USA
- Ability to serve 60,000 miners at the same time
- Powered by AEP Power’s unrestricted clean energy source: 12.47Kv three-phase, y-rated Delta Nuclear
DigiFinex Launchpad
- Invest in new blockchain projects before they hit mainstream exchanges
- Exclusive access for DFT token holders
These features provide additional ways for users to potentially grow their crypto holdings.
DigiFinex Restricted Countries List
DigiFinex cannot serve citizens and residents of the following countries in compliance with regulatory laws:
- United States
- Canada
- United Kingdom
- Singapore
- Mainland China
- Hong Kong
- the Balkans
- Cuba
- Democratic Republic of Congo
- Iran
- Iraq
- North Korea
- Sudan
- Syria
Users from these countries are not able to register or use the exchange services. Always check the most up-to-date information on the DigiFinex website for the current list of restricted countries.
DigiFinex vs Other Exchanges
Let’s check DigiFinex standing in the crypto world in comparison to other platforms:
Features | DigiFinex Exchange | |||
Number of Assets | 700+ | 400+ | 1,200+ | 200+ |
Maximum Leverage | 1:100 | 1:125 | 1:100 | 1:1 |
Minimum Deposit | N/A | $1 | 0.0005 BTC | N/A |
Spot Maker Fee | 0.00% - 0.15% | 0.02% - 0.1% | -0.005% - 0.1% | From 0.2% |
Spot Taker Fee | 0.08% - 0.2% | 0.04% - 0.1% | 0.025% - 0.1% | From 0.2% |
Mandatory KYC | Yes | Yes | No | Yes |
Futures Trading | Yes | Yes | Yes | No |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | Yes | Yes |
Staking | Yes | Yes | Yes | Yes |
Copy Trading | Yes | Yes | Yes | No |
Trading Finder Writer's Opinion and Conclusion
DigiFinex provides 700+ spot, 230 margin, and 20+ futures trading pairs all in the USDT market.
The futures market supports leverage options of up to 1:100 with a maker/taker fee of 0.03%/0.05%. The exchange doesn’t accept clients from USA and Canada.