What is digitalexchange.id?
digitalexchange.id is a cryptocurrency exchange from Indonesia, and it launched in 2019.
It has been a bit difficult for us to obtain information on this particular exchange. What we do know however is that they at least claim on their website that they offer a lot of things to its users. Among other things, they highlight that they have a high-level security, a powerful trading platform, that trades are instant, that it is simple and easily accessible and that they offer 24/7 support. We have not been able to independently verify any of these claims but if they are true then that's of course very helpful for any prospective trader.
digitalexchange.id Mobile Support
Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. Fortunately for them, Digitalexchange.id is also available in mobile format as an application for iPhones or Androids.
digitalexchange.id Trading fees
We have not been able to find any info on this exchange’s trading fees. This is potentially a risk for you as an investor (if you do not receive info on the fees anywhere, there is a higher risk that they are high). Accordingly, we strongly urge you to make your own analysis of fees at this exchange before depositing any funds here.
digitalexchange.id Withdrawal fees
Digitalexchange.id charges a withdrawal fee of 0.0005 BTC per BTC-withdrawal. This fee is a bit below the global industry average. The current global industry average is 0.000643 BTC per BTC-withdrawal according to this report, which is the latest such report prepared on the subject to our knowledge.
digitalexchange.id Trading View
Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price chart of a certain cryptocurrency and what its current price is. There are normally also buy and sell boxes, where you can place orders with respect to the relevant crypto, and, at most platforms, you will also be able to see the order history (i.e., previous transactions involving the relevant crypto). Everything in the same view on your desktop. There are of course also variations to what we have now described. This is the trading view at digitalexchange.id:
It is up to you – and only you – to decide if the above trading view is suitable to you. Finally, there are usually many different ways in which you can change the settings to tailor the trading view after your very own preferences.
Deposit Methods and US-investors
In addition to depositing cryptocurrency to the platform, digitalexchange.id also lets you deposit fiat currency. However, only through wire transfer (not credit or debit card). If you need an exchange accepting credit or debit card deposits, just use our Exchange Filters and you'll find one in no time at all.
Seeing as fiat currency deposits are at all possible at this trading platform, digitalexchange.id qualifies as an “entry-level exchange”, meaning an exchange where new crypto investors can start their journey into the exciting crypto world.
Why do so many exchanges not allow US citizens to open accounts with them? The answer has only three letters. S, E and C (the Securities Exchange Commission). The reason the SEC is so scary is because the US does not allow foreign companies to solicit US investors, unless those foreign companies are also registered in the US (with the SEC). If foreign companies solicit US investors anyway, the SEC can sue them. There are many examples of when the SEC has sued crypto exchanges, one of which being when they sued EtherDelta for operating an unregistered exchange. Another example was when they sued Bitfinex and claimed that the stablecoin Tether (USDT) was misleading investors. It is very likely that more cases will follow.
It is unclear to us whether digitalexchange.id permits US investors or not. We have read their Terms and Conditions and have not found an explicit prohibition of US investors. We urge any US investors to form their own opinion on the permissibility of their trading at digitalexchange.id though.