Zhu Wenjuan, vice president of DigiFinex, told NetEase technology that issuing more coins will result in reducing their value. They fear that the pace of the issuance may surpass the growth of the platform itself. Even if they did manage to maintain the price of the token, it wouldn’t stand a chance to survive in the long Digifinex Review run. DigiFinex has multiple outlets of resources for those seeking customer support. An in-depth Help Center exists to aid users with any questions that they may have when using DigiFinex’s services. Topics found in the Help Center include articles covering margin trading, spot trading, contract trading, and more.
Могут ли граждане США зарегистрироваться на DigiFinex?
With that being said, it is important that users ensure the safety of their own funds by never having more funds on the exchange than they are willing to lose at any time. The DigiFinex fee for margin trading carries a flat 0.05% overnight interest rate for each trade. However, DigiFinex will waive the interest fee from 10 am the day before if the user closes their by 10 am on the current day. Let’s take a closer look at the ins and outs of each of the market offerings the DigiFinex trading exchange provides. Because each market trades differently, it is important to research the mechanics of each market to determine which style of trading is best for your personality, taste, and risk tolerance. It should be noted that the contents within this DigiFinex review do not constitute financial advice or any independent financial of any kind.
Is DigiFinex a good exchange?
Digifinex’s main communication method with the support team is a 24/7 live chatbot. There is also a Telegram channel and other social media platforms that respond to inquiries. Once you’ve pressed the “Buy” or “Sell” button, check out the order book where you will be able to immediately see you uncompleted order (market orders usually get closed in a snap). While it is undoubtedly remarkable that the exchange’s volumes keep increasing, the shady practices behind this exchange cast doubts on the reputation of this fledgling Chinese startups.
I love their mobile app
Traders can link these cards to their DigiFinex accounts and use their crypto in stores, both online and in-person, that typically only accept fiat. This is made possible because the act of transacting with the card triggers a conversion to fiat. With a Proof of Reserves audit, an exchange or platform can prove to their users that they possess enough assets to cover all of their obligations. This can be a critical part of establishing trust in the platform, especially considering the history of hacks and insolvencies in the crypto industry, such as the infamous Mt. Gox and FTX incidents.
DigiFinex Limited is also known for rewards and 24/7 customer support. The in-house developed security has multiple fail-safe layers, and two-factor authentication, giving cryptocurrencies heavy protection. DigiFinex Limited targets both beginners and experienced crypto traders. Under the basic version, the user gets a slick trading platform and trading tools allowing for technical analysis on the charts. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.
DigiFine users can access the platform as a browser or mobile application on Android and iOS devices. There is a quick-jump menu to switch between spot and margin trading, and users can access a complete list of trading pairs with a single click. Users can also create a favorites list of their top crypto pairs, allowing quick access to select cryptocurrencies. Several order types are available, including market, limit, and stop-limit orders.
- The assets mentioned above are quite popular, but the choices at DigiFinex are not limited.
- It needs to work on its P2P market a little and bring a little more diversity to supported fiat currencies.
- I’ve never encountered any major issues, and the minor ones were resolved swiftly by the support team.
- Large volume traders have sought out the exchange for its liquidity and trading volume, ranking it as one of the highest trading volumes for an exchange within the Asian market.
- There is no expiry date, no trading of the underlying asset, and the swap price closely tracks the price of underlying assets.
- Overall, DigiFinex provides a comprehensive, reliable, and user-friendly platform for many users who want to trade and explore the world of cryptocurrencies.
- Cryptocurrency quantitative funds or crypto quant funds are a popular trend in the crypto markets for investors with high sums of money to invest in crypto.
- Here is a list of what traders need to prepare before application.
- The very first reason is it allows more than 100 cryptocurrencies trading, which is enormous compared to other exchanges.
- DigiFinex’s customer service team is a testament to their dedication to user satisfaction.
- DigiFinex’s crypto quant funds protect high-stake investors from inflation and crypto price turbulence.
The assets mentioned above are quite popular, but the choices at DigiFinex are not limited. The quick and precise customer service and up-to-date blog allow users to solve problems and become familiar with the platform conveniently. To learn more about these and the many other aspects of DigiFinex, keep reading below. This includes Bitcoin Cash, Bitcoin, Aave, Litecoin, Chainlink, Cardano, Ethereum, VeChain, etc. This DigiFinex review makes it clear that there is no US support on the platform. This company has chosen to focus on other regions and stay away from expanding into the US.
