• Thursday September 30, 2021

Digifinex Reviews Read Customer Service Reviews of digifinex com

The insurance fund service by DigiFinex acts as the safety net protecting traders from losses and ensures profits on trading are paid. One of the primary purposes of using this insurance fund is to avoid over-auto-deleverage liquidations (ADLs). Furthermore, these funds act as contributions from liquidated positions.

The CoinCodex Cryptocurrency Price Tracker

What I say is Digifinex has a user-friendly platform that can be easily navigated by both new and experienced traders. For instance, all the necessary tools and features might be readily accessible and easy to understand, contributing to a smooth trading experience. Purchasing cryptocurrencies via the use of credit cards is a feature common to all crypto exchanges. DigiFinex allows its users to use Visa and Mastercard to buy the cryptocurrency of their choice. Although the firm imposes a $20,000 limit on crypto purchases, users who go through the advanced KYC (Know Your Customer) verification can break this limitation.

low costs and lots of liquidity.

The ‘Copy Successful Traders’ feature creates a collaborative community, enriching the trading landscape with shared knowledge. While it does function and operate similarly to a credit card, there are bound to be people who will expect it to have a traditional credit utility involved. Currently, DigiFinex handles its proof of reserves in-house, meaning they themselves are keeping a watchful eye over their funds. Typically, this would raise Digifinex Review some eyebrows and refocus people’s attention onto the question “Is DigiFinex safe?”. 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.

DigiFinex Cryptocurrency Exchange Review

However, traders can view critical details of an asset, such as price change, volume, and daily high and low, as the platform gives them insights into assets’ performance, which is a nice touch. As an alternative to using a credit or debit card, users can also opt for a bank transfer, which typically takes a little longer to verify but is generally a quick and convenient process. By offering a responsive mobile app and multiple support channels, DigiFinex sets a high standard for customer assistance in the crypto space. By adopting a flexible fee approach, DigiFinex aims to cater to a wide range of trading activities, from the occasional trade of popular currencies to the regular execution of complex contract trades. When this article was written, Digifinex supported 223 different cryptocurrencies. In the realm of digital finance, the name DigiFinex often surfaces, sparking curiosity and questions among potential users.

Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more. The transaction fee, which sits at 0.2 percent, is the same for both makers and takers. Speaking of fees, we can make a conclusion that they are rather competitive (the average industry fee is sitting closer to 0.25 percent).

However, it is important to note that some of the features of the exchange may not be available to US users due to regulatory restrictions. DigiFinex US customers can not access the platform or even register accounts. Other countries where DigiFinex is unavailable include Yemen, Syria, Iraq, mainland China, Iran, Hong Kong, Central Africa, Cuba, Somalia, North Korea, Libya, and Lebanon.

• So if you have a MasterCard or a VISA-card, you can purchase cryptocurrency also at this trading platform.
• This is the basic offering compared to other leverage trading cryptocurrency exchanges and could be expanded to provide greater trade management and risk exposure.
• The menu also provides a gateway to the complete list of trading pairs.
• DigiFinex is a crypto trading platform that uses the native exchange token of the platform and powers the DigiFinex Ecosystem.
• The platform itself uses its own ERC-20 token DFT based on the Ethereum Classic (ETC) smart contract system and has a liquidity of 130 million DFTs.
• At the time when I was conducting this DigiFinex review, there were two merged mining options available on their hashrate market.

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The total supply of the DRV native exchange token is 100 million, with approximately 2.86 million currently in circulation. By holding or locking DRV, customers can receive dividend payouts for every 30-day time period. Holding a certain amount of DRV in an account can also qualify customers for VIP level membership on the DigiFinex exchange site.