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DigiFinex Review 2019 – Overview, Fee, Security

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Editor's Review

DigiFinex 2019
8.56
8.4 Easy of Use
8.9 Currency Supported
9.1 Fee
8.3 Security
8.1 Customer Support

DigiFinex Review 2019 - DigiFinex Official Logo Image

Overview

DigiFinex, Digital Asset Financial Exchange, is a Chinese cryptocurrency exchange that is currently headquartered in Singapore.

The company, DIGIFINEX LIMITED, is registered in the Seychelles along with other 5 exchanges such as BitMex. The exchange is designed for the Asian market targeting mostly Chinese clients.

DigiFinex Review 2019 - DigiFinex Exchange Platform

DigiFinex is one of the many exchanges which use USDT token, which represents a US dollar. The trading interface has superior charting and designs.

 

Currency Supported

DigiFinex supports over 30 cryptocurrencies, including Bitcoin, Bitcoin Cash, Ripple, Ethereum, Ethereum Classic, EOS, Litecoin, Tron, Omisego, NEO, Dash, and Qtum. The altcoins can be traded against BTC, ETH and USDT.

 

Countries Supported

US residents are not accepted on their platform as well as Singapore citizens for the country’s legislation or regulatory restrictions.

DigiFinex Review 2019 - DigiFinex Advantage

 

Payment Method

DigiFinex does not accept any deposits of fiat currency. You have to buy another coin at an exchange accepting deposits of fiat currency.

 

Fee

DigiFinex does not charge different fees between takers and makers. Their flat fee model is 0.20%.

DigiFinex Review 2019 - DigiFinex Fee Schedule

Trading Fees

– 0.2%

Withdrawal Fees

– Vary depending on the coin you would like to withdraw.

– 0.0003 for BTC, 0.006 for ETH, 0,03 for LTC

 

Customer Support

Help Center is provided, containing answers to all most questions that are typical to a beginner. You can submit a request on the page as well if you have a specific question or troublesome.

 

Security

Two Factor Authentication (2FA) is available; Google Authentication and Alibaba Authentication. Except for that, DigiFinex does not provide any insights about its security features.

DigiFinex Review 2019 - DigiFinex Technology

Conclusion

DigiFinex is a cryptocurrency exchange suitable for Chinese clients. The trading environment is quite nice with competitive fees.

However, DigiFinex lacks margin trading, stop-limit options and etc. The exchange has been accused by numerous reputable research companies for artificially inflating trading volumes.

 

Pros

– No deposit / withdrawal fees

– Relatively nice platform

– Competitive fees

 

Cons

– Not reputable

– Strong center on China

– Geographical limitation


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