Like every Cryptocurrency exchange, there are pros & cons that every trader needs to be aware of. This makes them ideal for individuals looking for a quick cash injection to help them through rough times, or to secure a more substantial trading position. CaptainAltcoin.com does not offer any sort of financial or investment advice. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor.
It’s a very good exchange
- No other exchange in the world takes more than 5 days to process a BTC deposit.
- These funds operate like hedge funds but have the advantage of crypto quantitative analysis tools to make them even more profitable.
- When it comes to this company’s spot fees, they are relatively high compared to some of their competitors.
- Among many crypto exchange options, selecting the most suitable one is a considerable challenge.
No other exchange in the world takes more than 5 days to process a BTC deposit. They fail to disclose the fact that the require KYC “due to a security upgrade” which forces you to change google authentication codes. That process forces you to sign a handwritten note and upload a pic of your ID. After completing that you need to wait for atleast 24 hours before doing your withdrawal and most likely even more. Avoid this crap exchange, as there are more honest and better exchanges.
Scam exchanger! Stay away!!!
As is the case with Binance, there is a 25 percent discount on all fees paid in the DFT token (originally, it was set at 50 percent). Evidently, Tether still remains the dominant cryptocurrency on the exchange despite its plan to phase out Tether, gradually replacing it with fully-collateralized TrueUSD (TUSD). Speaking of specific trading pairs, BTC/USDT is holding the lead with a 25 percent share of the total volume. BCH/USDT and EOS/BTC are in second and third places with 19 percent and 10 percent respectively.
Cloud (and Merged) Mining
The exchange says that it clears as much as $28 billion in trading volume per day, while the numbers provided through the API suggest a daily trading volume closer to $1 billion. While inflating trading numbers is not that uncommon, it nevertheless still leaves a bad taste in the mouth. However, it is important to note that some of Digifinex Review the features of the exchange may not be available to US users due to regulatory restrictions. Learn everything about the Tangem crypto wallet in our detailed review, covering its safety measures, features, drawbacks, and more. Read our in-depth guide to explore the features, pros, and cons of AvaTrade for forex and crypto trading.
- Despite the brutal crackdown on ICOs and crypto-oriented startups by the Chinese authorities, DigiFinex still primarily targets the domestic market, failing to increase its appeal to foreign traders.
- With stop-loss orders, you are not obliged to monitor a certain asset for an extensive period of time.
- Over the years, the company has adapted and expanded in response to market needs and industry developments, such as the rise and integration of Ethereum and other altcoins.
- Right now, it is hosting the Magicstonelink (MCS) airdrop, which is devoted to the launch of the new token listing (it will last until Nov. 14).
- This system provides an incentive for more active traders with lower fees while maintaining a straightforward approach for newer users.
- Without ID verification, DigiFinex users can only withdraw a maximum of 1BTC.
However, you can withdraw cryptocurrencies either from the app or the website. From there, follow the prompts and expect the coins within minutes depending on network conditions. The exchange also has a minimum withdrawal request that depends on the coin you want to withdraw. To the minimum amount for a coin you want to withdraw, you can check the DigiFinex deposit and withdrawal fees page for more details. Keep in mind, however, that the amounts can change based on the prevailing market circumstances. Withdrawal fees on DigiFinex depend on the currency being withdrawn.
The Australia Regulated Digital Currency Exchange Service Provider and Monetary Authority of Singapore (MAS) regulates the exchange platform for secured Blockchain technology. Additionally, every trader registering with the site must run through the Know Your Customer and other required steps. All Cryptocurrency exchange coins are secured against access by a third party. Users can use any of the three- KeepKey, Trezor, and Ledger Nano S. The exchange platform is regulated by the Australia Regulated Digital Currency Exchange Service Provider and Monetary Authority of Singapore (MAS) for secured Blockchain technology. Additionally, every trader registering with the site needs to run through the Know Your Customer and other required steps.