digifinex Review 2024

Our veredict

DigiFinex is a robust cryptocurrency exchange platform that excels in offering a wide range of trading options, including spot, margin, and futures trading. It supports over 395 cryptocurrencies, making it a go-to choice for diverse crypto portfolios. With its competitive fee structure, users benefit from relatively low trading costs, especially when utilizing the DigiFinexToken (DFT) for discounts. The platform’s advanced security measures, including cold storage and rigorous verification processes, ensure user assets are well-protected. However, its limited customer support options and geographical restrictions, including the exclusion of U.S. traders, might be a downside for some users.

DigiFinex is highly recommended for experienced traders seeking advanced trading tools and a vast selection of cryptocurrencies. The platform’s powerful charting capabilities and multiple order types cater to sophisticated trading strategies. Beginners might also find value in its user-friendly interface and educational resources. On the flip side, the platform’s high withdrawal fees and limited payment methods can be a drawback. Additionally, the absence of cashback opportunities on its USDT-denominated credit card might deter users looking for more rewarding card benefits.

Pros

Wide Range of Cryptocurrencies: DigiFinex supports trading for over 300 cryptocurrencies, providing users with extensive options for diversification and trading.
Low Withdrawal Fees: DigiFinex charges a low withdrawal fee of 0.0003 BTC per Bitcoin withdrawal, which is below the industry average, making it cost-effective for users.
Advanced Security Measures: The platform employs robust security features, including two-factor authentication (2FA), cold storage for funds, and regular security audits to ensure the safety of user assets.

Cons

2,5

Threenvest Score

Fees

0.20% per transaction

U.S Legal

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose digifinex?

Choosing DigiFinex as your cryptocurrency exchange can be a strategic decision due to its comprehensive features and robust security measures. One of the main strengths of DigiFinex is its low trading fees, which start at 0.2% for spot trading and can be further reduced by holding DigiFinexToken (DFT). This makes it an economical choice for frequent traders who are looking to minimize costs. Additionally, DigiFinex supports a vast array of over 395 cryptocurrencies, offering ample opportunities for portfolio diversification and investment in emerging digital assets.

DigiFinex also excels in providing advanced trading tools and a user-friendly interface. The platform offers a variety of trading options, including spot, margin, and futures trading, with leverage options up to 100x for more experienced traders. The availability of powerful charting tools and multiple order types caters to both beginners and advanced traders, ensuring a versatile trading experience. Moreover, the copy trading feature allows users to mimic the trades of successful traders, making it easier for newcomers to gain insights and potentially improve their trading strategies.

Security is a paramount concern in the crypto world, and DigiFinex takes this seriously. The platform employs multi-layered security protocols, including cold storage for the majority of funds and comprehensive KYC and AML procedures, to protect users’ assets and personal information. Additionally, DigiFinex is regulated in Australia and holds exemptions in Singapore, which adds to its credibility and reliability. The 24/7 customer support ensures that any issues are promptly addressed, providing a supportive environment for users. These features make DigiFinex a compelling choice for anyone looking to trade cryptocurrencies securely and efficiently.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert on our site, I can confidently recommend DigiFinex for cryptocurrency trading. The platform stands out with its low trading fees, extensive selection of over 395 cryptocurrencies, and advanced security measures. Its user-friendly interface and powerful trading tools cater to both beginners and experienced traders. The copy trading feature is particularly beneficial for newcomers looking to learn from successful traders. However, it’s essential to note that DigiFinex is not available to U.S. traders, and its high withdrawal fees could be a downside for some users.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.