According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Mobile platforms
- Proprietary web platform
- P2P platform
- Separate accounts for each trading instrument
- Leverage can be adjusted within available limits.
Our Evaluation of DigiFinex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
DigiFinex is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.89 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by DigiFinex clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
DigiFinex offers spot and margin trading numerous cryptocurrencies and derivatives, as well as generating passive income from investing in digital assets and ETFs.
Brief Look at DigiFinex
DigiFinex is a global cryptocurrency exchange established in 2017 with headquarters in Singapore. The exchange operates in multiple jurisdictions, including Hong Kong, Australia, the U.S., Taiwan, Malaysia, and other countries. With over 6.4 million spot and margin traders, DigiFinex offers a wide range of services, including trading over 700 cryptocurrencies, derivatives, and ETFs, as well as passive income options and crypto-backed loans. Due to regulatory restrictions, DigiFinex's services may not be available to residents of the U.S., Singapore, and China. In April 2023, DigiFinex expanded its operations to Canada with the launch of DigiFinex.CA, a platform tailored to the needs of Canadian traders.
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- Wide choice of cryptocurrencies and perpetual contracts;
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- Low minimum deposit requirements for crypto and fiat currencies;
- Diverse investment solutions and passive income options.
- Lack of a demo account and educational resources for novice traders;
- No support for algorithmic trading;
- High minimum crypto deposit for high-yield investment solutions.
TU Expert Advice
Financial expert and analyst at Traders Union
DigiFinex is a global cryptocurrency exchange, offering a diverse range of assets, including cryptocurrency derivatives and ETFs. In addition to margin trading, the exchange provides secure loans against popular cryptocurrencies like BTC and ETH at a low interest rate of just 0.02%. To ensure the safety of client funds, DigiFinex employs robust security measures such as SSL encryption, two-factor authentication, and cold storage for crypto assets.
The proprietary platform offers three modes: proprietary liquidity provider mode, TradingView charting mode, and a market depth mode for derivatives trading. Users can create up to 12 sub-accounts to manage their trading activities more effectively.
To withdraw up to BTC 0.2 per day, verification is not required. Upon providing required documents according to the KYC (Know Your Client) procedure, withdrawal limit can be increased to BTC 10. DigiFinex supports a variety of deposit methods, including cryptocurrency and fiat currency deposits made via bank cards or third-party transfers.
DigiFinex Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
💻 Trading platform: | Proprietary web platform and mobile apps, and P2P Market |
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📊 Accounts: | Spot Account, Margin Account, Wealth Account, OTC Account, Futures Account, and Sub Account |
💰 Account currency: | USD, EUR, HKD, IDR, VND, THB, RUB, BTC, USDT, and ETH |
💵 Deposit / Withdrawal: | Bank transfers, Visa, Mastercard, Mercuryo, Simplex, Banxa, and cryptocurrencies |
🚀 Minimum deposit: | BTC 0.0001, USDT 10, ETH 0.004, or $1 |
⚖️ Leverage: |
Spot trading: 1:5 Perpetual contracts: 1:100 |
💼 PAMM-accounts: | No |
📈️ Min Order: | $1 |
💱 Commission: |
Spot: 0,15%-0,2% Futures: 0,1%-0,2% |
🔧 Instruments: | 700 supported coins, Futures, Perpetual contracts, Fiat, NFT. |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Market, limit, and stop limit |
⭐ Trading features: |
Separate accounts for each trading instrument; Leverage can be adjusted within available limits. |
🎁 Contests and bonuses: | Yes |
DigiFinex users can buy cryptocurrencies using bank cards or through P2P trading. Over 100 fiat and over 500 digital currencies are supported. In addition to spot and margin trading, clients can invest in ETFs denominated in USDT, BTC, BNB, and other coins.
DigiFinex Key Parameters Evaluation
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Regulation and safety
DigiFinex has earned a rating of 10/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- 2FA
- Investor protection fund
- Cold wallet storage
- Tier-1 regulation
- Government-regulated
- Facial recognition
- Not U.S regulated
DigiFinex Security Factors
We also compared DigiFinex against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
DigiFinex | OKX | Kraken | |
Tier-1 regulation | Yes | No | Yes |
Government-regulated | Yes | Yes | Yes |
Investor protection fund | Yes | Yes | No |
2FA | Yes | Yes | Yes |
Facial recognition | Yes | Yes | No |
Cold wallet storage | Yes | Yes | Yes |
Successful hacker attacks | No | No | No |
Is DigiFinex a regulated crypto exchange?
DigiFinex is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
DigiFinex is authorized or licensed in accordance with local regulations in the following regions: Singapore, .
Is verification (KYC) mandatory at DigiFinex?
Yes, KYC verification is mandatory at DigiFinex. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is DigiFinex available?
DigiFinex complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Singapore, China, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact DigiFinex support.
Is DigiFinex available in the USA?
Yes, DigiFinex is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
DigiFinex commissions and fees
DigiFinex received a 4.75/10 score for its commission structure, indicating that its fees are higher than the market average based on an evaluation of over 100 cryptocurrency exchanges.
- Spot fee below industry average
- No deposit fee
- Futures fees above industry average
- Withdrawal fee may be applied
What are DigiFinex trading fees?
We analyzed DigiFinex’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
DigiFinex trading fees vs competitors
DigiFinex | Binance | Bybit | Industry average | |
Spot, maker fee (%) | 0,15 | 0,1 | 0,1 | 0.15 |
Spot, taker fee (%) | 0,2 | 0,1 | 0,1 | 0.194 |
Futures, maker fee(%) | 0,1 | 0,02 | 0,02 | 0.024 |
Futures, taker fee(%) | 0,2 | 0,05 | 0,055 | 0.053 |
What are DigiFinex deposit and withdrawal fees?
Deposit fee, % | 0 |
Withdrawal fee, % | Network fees |
Does DigiFinex offer P2P trading?
No, DigiFinex does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
DigiFinex received a 5.5/10 rating for its deposit and withdrawal services. While DigiFinex covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- No deposit fees
- Bank transfers for deposits and withdrawals
- No PayPal option
- No Google Pay option
- Withdrawal fee applies
Deposit and withdrawal options
DigiFinex supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
DigiFinex Deposit and withdrawal options vs competitors
DigiFinex | OKX | Kraken | |
Bank transfers | Yes | No | Yes |
Bank card | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
PayPal | No | No | Yes |
What is DigiFinex minimum deposit?
The minimum deposit at DigiFinex is 10 USD/USDT or 0,0001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
DigiFinex minimum deposit vs competitors
DigiFinex | OKX | Kraken | |
Minimum deposit, USD or USDT | 10 | 10 | 10 |
Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does DigiFinex support fiat money?
DigiFinex supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
DigiFinex received a score of 9/10 in this category, highlighting its excellent selection of tradable assets and market access. DigiFinex supports 700 coins and caters to various trading types, making it a strong choice for both active traders and long-term investors.
- Staking available
- Fiat currencies supported
- Crypto futures available
- Crypto options not available
- Yield farming not available
DigiFinex supported coins and markets vs competitors
We compared DigiFinex with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
DigiFinex | OKX | Kraken | |
Supported coins | 700 | 329 | 278 |
Futures/Perpetual contracts | Yes | Yes | Yes |
Options | No | Yes | No |
NFTs | Yes | Yes | Yes |
DigiFinex passive income options vs competitors
We also compared DigiFinex with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
DigiFinex received a score of 6.6/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Mobile indicators allowed
- Fast and secure login with Face ID
- App data protection with 2FA
- Advanced tools and automation with API
- No standalone desktop access
- No trading bots for traders
- Android App score below 4 points
Trading apps
DigiFinex provides web and mobile apps for both Android and iOS users, with an average rating of 3,7 on the App Store and 3,5 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the DigiFinex platform is for mobile use.
DigiFinex | Bybit | |
2FA | Yes | Yes |
Face ID | Yes | Yes |
Mob Indicators | Yes | Yes |
Alerts | No | Yes |
Advanced Orders | No | Yes |
Trading with bots | No | Yes |
API | Yes | Yes |
Extra trading platforms | No | MT4 |
Does DigiFinex offer a desktop app?
No, DigiFinex does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does DigiFinex offer advanced charting with TradingView integration?
No, DigiFinex does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
Official site | https://www.digifinex.com/en-ww |
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