Moreover, to avoid any money laundering activities, users must complete the KYC process and provide a stated government ID. Some of the security measures followed by the platform are- two-factor Authentication, secure physical vault storage, cold wallet storage, and compliance with KYC and AML/CTF standards. DigiFinex Limited targets Digifinex Review both beginners and experienced crypto traders. Under the basic version, the user gets a slick trading platform and trading tools allowing for technical analysis on the charts. DigiFinex doesn’t allow users to deposit or withdraw using debit cards. Moreover, the platform uses Wire Transfer, and Simplex for transfer purposes.
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An in-depth Help Center exists to aid users with any questions that they may have when using DigiFinex’s services. Topics found in the Help Center include articles covering margin trading, spot trading, contract trading, and more. Another unique market offering that the DigiFinex trading exchange offers is its ETF platform.
No DigiFinex USA Support
When I tried to sell it back the order book kept drastically lowering the price if the listed buy orders so that I couldn’t never sell without losing value. Their order book is fake and at least some of the tokens are fake. Our Website may link to external sites or content not controlled by us. Such links don’t imply our endorsement, and we aren’t liable for the content, products, or services of these third-party entities. His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential. DigiFinex is headquartered in Singapore, which is known for its robust financial services sector and clear regulatory environment.
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However, users can still fund their account by means of fiat currency using the DigiFinex Credit/Debit Card gateway. Using 3rd party partners such as Simplex, Mercuryo, and Wyre, customers can exchange their fiat currency into cryptocurrency. Once the fiat currency is exchanged into a digital asset, customers can fund their account.
Registered in Seychelles in 2017 and operating in Hong Kong with offices in Singapore, China, South Korea, and Australia, DigiFinex appears to be a legitimate cryptocurrency exchange. It is also a regulated cryptocurrency exchange in Australia and holds an exemption from the provision of digital payment token services in Singapore by the regulatory body MAS. We use dedicated people and clever technology to safeguard our platform. Digifinex has a lot of different financial products for people like me to choose. Plus I am located in the U.S and I am looking for a trading platform to avoid taxes because the other ones are heavily monitored by the government.
The app is very good
On the other hand, business users need to submit names of representatives, valid photo identification for the company’s directors, a company profile description, proof of address, and company M&A proof. DigiFinex is a leading asset management platform with headquarters in Singapore. The exchange is registered under the Accounting and Corporate Regulatory Authority in Singapore, although it operates https://www.tokenexus.com/ without the approval of the Singapore Money Authority. Aside from its headquarters in Singapore, DigiFinex has spread its services across Asia and other countries worldwide. However, based on a trader’s 30-day transaction volume or the amount of DFT they own, this figure can drop to 0.080%. These costs vary based on the type of trading option selected and the 30-day transaction volume.
- This vision appears to be prevalent in my DigiFinex review, as the platform is evidently invested in being a one-stop-shop for a vast array of crypto enthusiasts.
- Traders do not have to pay heavy trading fees for asset exchange.
- Transaction fees vary by fiat gateway partner but are at least 3.5% or more.
- These are elements that are perhaps undesirable, but nevertheless necessary to assess if traders are going to embark on using it.
- While the apps don’t boast all the features available on the desktop platform, they provide a stable and easy-to-use experience for mobile traders.
- With this version, existing users can run the DigiFinex app directly on their computers as a dedicated application without having to use the web browser version of the exchange site.
Initially, the trading platform did not accept any fiat currency. It resulted in limiting new Cryptocurrency investors from doing any trading activities. Digifinex expands beyond cryptocurrencies, including the Traditional Market.
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Supports 100+ major cryptocurrency trading pairs and ten fiat currencies. Positioned as a robust platform facilitating diverse crypto trading options for millions worldwide. DigiFinex is a comprehensive cryptocurrency exchange platform that offers a wide variety of trading options to a diverse user base. With its strong emphasis on security, competitive trading fees, and a fluid user interface, it stands as a popular exchange among traders. The DigiFinex trading platform supports several different markets on its trading platform, including spot trading, margin trading, ETFs, and crypto derivatives contracts. New traders and experienced traders alike will be able to use DigiFinex’s trading services with relative ease.
One of the best exchange and also…
However, the company is very open about the fact that they are in the process of seeking an independent auditor to check over their numbers and ensure their statistics are genuine and legitimate. When trying to answer questions such as «is DigiFinex safe?», it’s important to consider whether the platform is transparent and trustworthy in its operations. In this post-FTX era of the crypto world, transparency is more desired and necessary than ever before. If spot, margin, and ETFs don’t interest you, the DigiFinex exchange also provides perpetual tools, such as USDT margined and coin margined activities.