24H Volume

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DigiFinex

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Seychelles

Fees

Taker fee

0.2%

Maker fee

0.2%

Withdrawal fee

0.0003

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


Digifinex – Detailed review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Digifinex consists of four parts: general information, fees, deposit methods and security.

General Information

Digifinex is a cryptocurrency that has its headquarters in Singapore but its registered office in the Seychelles. This exchange is one of the six exchanges registered in the Seychelles. The by far most popular one is the almighty BitMEX.

Digifinex is owned by the company Digifinex Limited. It’s founders include individuals from well-known companies such as Xunlei, Tencent, Baidu and HP.

The exchange has an impressive liquidity, and it is regularly among the top 25 cryptocurrency exchanges in terms of market capitalisation. At the day of writing this review, the 24 hour volume was USD 135 million.

Digifinex does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

Fees

Trading fees

Digifinex doesn’t charge different fees between takers and makers. Their fee model is instead a “flat fee model”. Their flat fee model is 0.20%. This is slightly below the global industry average sitting at 0.25%.

Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Not Digifinex however.

Digifinex charges you 0.0003 BTC when you withdraw BTC. This is far below the global industry average.

Deposit Methods

Digifinex does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!

Security

Digifinex’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

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