Digital Surge provides trading services with a 0.5% fee that is decreased on higher trading volumes. The minimum trading amount on the platform is $1 and the initial required deposit is $20. Two user levels [unverified, verified] are set for verification status on DS.
Digital Surge Company Details and Regulation
Digital Surge is a cryptocurrency exchange founded on Jan 1, 2017, by Dan Rutter and Josh Lehman and headquartered in Brisbane, Australia. Regulatory Details:
- Regulated by the Australian Securities & Investments Commission (ASIC) under the number 620 473 109
- Registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) under 100576214
- Member of the Digital Economy Council of Australia (DECA)
Digital Surge Exchange Features and Parameters
DS offers a set of features and operates based on specific parameters. The table below mentions some of the most important ones:
Exchange | Digital Surge |
Launch Date | 2017 |
Levels | Unverified, Verified |
Trading Fees | Starting at 0.5% |
Restricted Countries | All Countries Except Australia and New Zealand |
Supported Coins | 400+ |
Futures Trading | None |
Minimum Deposit | $20 |
Deposit Methods | Standard Bank Transfers, Crypto, PayID |
Withdrawal Methods | Standard Bank Transfers, Crypto, NPP/Osko |
Maximum Leverage | 1x |
Minimum Trade Amount | $1 |
Security Factors | 2FA, Cold Wallet Storage, Regular Security Audits, Regular Asset Checking, Multi-Party Computation, and More |
Services | None |
Customer Support Ways | Live Chat, Ticket, Email |
Customer Support Hours | 09:00-18:00 (AEST) on Weekdays |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | N/A |
Native Token | None |
Are There Any User Levels on DS?
Digital Surge keeps things simple with a straightforward user verification level structure. Per our chats with the support team, there are only 2 levels [verified, unverified]; verified users are eligible to deposit/withdraw AUD and trade crypto.
Commissions and Costs in DS
When it comes to fees, Digital Surge keeps the structure relatively transparent:
- 5% trading fees with discounts for high volume traders
- No hidden fees
- Free AUD withdrawals
- No-commission for PayID and bank transfer deposits
- Crypto payments costs vary by blockchain
You can use a crypto profit calculator to estimate the profits and losses of a trade based on given fees and costs.
Digital Assets Available for Trading
In simple words, Digital Surge provides access to more than 400 tradable coins/tokens on its platform. These assets are from the following categories:
- Gaming
- Artificial Intelligence
- Storage
- Proof of Stake (PoS)
- Smart Contract
- Meme
- NFTs
- Real World Assets (RWA)
Margin Trading and Futures Contracts on Digital Surge Exchange
For those looking for more advanced trading options, it's important to note that Digital Surge does not currently offer futures or margin trading. This is likely because of the platform being regulated by financial authorities.
Digital Surge Account Registration and Verification
Getting started with DS is done in a short timeframe. Do it according to these stages:
- On the exchange's website, click on "Get Started"
- Provide your email address and create a complex password
- Confirm the statement by ticking the box
- Verify your email address
Now, your account is created on the platform. For verification, first verify your phone number, then provide one of the following documents:
- Australian or New Zealander driver license
- Australian or New Zealander passport
- Photo ID's with a valid Medicare Card
- International passport with a valid Australian Visa
What Security Measures Has Digital Surge Taken?
The exchange has taken several steps in various directions to keep the platform as safe as possible. Some of the measures include:
- Two-factor Authentication (2FA): Upgrades the security of logins
- Cold Wallet Storage: The majority of digital assets are stored offline
- Regular Security Audits: External penetration tests conducted on an annual basis
- Multi-party Computation: For secure wallet management
- Encrypted Data Transmission: Keeping your information safe
- Strict Access Controls: Limiting potential points of failure
Payment Options for Deposits and Withdrawals
Digital Surge keeps things simple when it comes to payment processing, offering 4 main options:
- PayID: Instant and free deposits
- NPP/Osko: Withdrawals that are faster than bank transfers
- Standard Tank Transfers: For banks that don't support PayID or NPP/Osko
- Cryptocurrency: Funding/Withdrawal of the account using blockchain transactions
Digital Surge Trust Scores
Digital Surge's scores on REIVEWS.io and other reliable websites show mostly positive opinions about the crypto exchange. Evaluation Ratings:
- Trustpilot: 3.9/5, based on 80 reviews
- Reviews.io: 4.8/5 stars (out of 650 user scores)
- ScamAdviser: 100/100 Trustscore
Copy Trading and Investment Options on Digital Surge
Our investigations of the exchange and its website suggest that there is no copy trading or passive earning feature offered by the company. Therefore, for earning passive profits, you need to consider other options.
Writer's Opinion And Conclusion
Digital Surge offers a list of over 400 digital assets for trading from several categories such as gaming, AI, NFTs, smart contracts, and more.
With 2 support contact channels [ticket, live chat], the company has received a 4.8/5 average user score on "REVIEWS.io".