Review of DigiFinex

DigiFinex is a cryptocurrency trading platform with a particular focus on the Asian market. It’s one of the top 10 trading platforms in terms of both liquidity and trading volumes and offers all the leading coins.
By: Theodor Tonca
Theodor Tonca
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not… read more.
Updated: Jun 4, 2021
3.5/5 Star rating
18 min read
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After starting out as a money exchange app, DigiFinex has transitioned into a full-blown cryptocurrency exchange that lets its users trade regular fiat currencies along with assets like stocks and commodities as well. Read on to learn more about it and whether you should sign up for the platform.

Pros & Cons

Pros:

More than 100 coins available
Allows fiat to USDT exchanges
Supports trading with leverage
In-house token based on Ethereum
Doesn't charge a taker/maker fee

Cons:

After starting out as a money exchange app, DigiFinex has transitioned into a full-blown cryptocurrency exchange that lets its users trade regular fiat currencies along with assets like stocks and commodities as well.

DigiFinex is primarily focused on the Asian market but welcomes customers from over 150 countries around the world.

What can I do with DigiFinex?

DigiFinex lets you trade more than 100 cryptocurrencies and 70 fiat currencies. Over the last couple of years it has added new assets so that you can also trade popular international stocks and precious metals like gold.

Founded in 2014, DigiFinex is primarily focused on the Asian market but welcomes customers from over 150 countries around the world. That user base has helped it catapult into one of the leading exchange platforms, so it provides high liquidity and trading volumes on all the assets it provides.

DigiFinex cryptocurrencies and trading options

What cryptocurrencies can you trade on DigiFinex?

DigiFinex allows you to trade 70 different fiat currencies and 103 of the most popular cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and Ripple

Major cryptos traded on DigiFinex

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Cardano
  • Aave
  • Litecoin
  • Chainlink
  • VeChain
  • OMG Network
  • IOST
  • Stellar
  • Tezos
  • Zcash
  • Qtum
  • NEO
  • Cosmos
  • Ethereum Classic
  • Nano
  • REN
  • Maker

DigiFinex core currency pairs

  • BTC/USDT
  • ETH/USDT
  • LINK/USDT
  • XRP/USDT
  • ADA/USDT
  • AAVE/USDT
  • XTZ/USDT
  • ETH/BTC
  • LTC/BTC
  • XTZ/BTC
  • XMR/BTC
  • ABBC/BTC
  • NEO/BTC
  • BSV/BTC
  • NANO/BTC
  • THETA/BTC
  • EOS/BTC
  • ABBC/ETH

All DigiFinex trading options

DigiFinex provides a total of 103 cryptocurrencies and 70 fiat currencies for trading. It also gives you the opportunity to invest in stocks and ETFs, including Facebook, Netflix, and Amazon, and leading tracking funds like the SPDR Gold Trust and Vanguard FTSE. 

ProductOffering
Cryptocurrencies103
Crypto pairs203
Stocks25
ETFs25
See all trading options >

Can I trade with leverage on DigiFinex?

No, DigiFinex doesn’t currently allow its users to trade using leverage. Trading with leverage is risky and should only be conducted by professional brokers or experienced traders. 

What are the spreads?

DigiFinex makes money from widening the spread between cryptocurrencies and fiat currencies. The broker doesn’t currently charge fees on currency exchanges, but it does generate an income on the spread between different currencies, which goes to cover some of the app’s costs. 

The spread is fixed at 1%, which is more than other similar crypto brokers typically charge.

Fees, limits, and payment options on DigiFinex

What are the deposit and withdrawal fees, limits, and speeds?

DigiFinex allows users to deposit or withdraw funds via various sources, including credit cards, cryptocurrencies, and even cash. However, some of the fees it charges are rather high, as opposed to other similar exchange platforms.

Currently, DigiFinex doesn’t allow users the option to deposit or withdraw to debit cards. Keep in mind that DigiFinex makes use of its Wire Program, Coinify, and Simplex to help facilitate transfers. The Wire Program sets limits for bank wire transfers of $500-$40,000 per day with no DigiFinex fee. However, your bank may choose to charge an additional fee. 

Payment methodDepositWithdraw
Visa/MasterCard Credit
– min/max
– fees
– speed
Yes
$1-$40,000 per day
$10 flat fee or 4%
Instant
No
EU wire bank (SEPA)
– min/max
– fees
– speed
Yes
$1-$40,000 per day
0.25%
2-3 business days
Yes
$1-$40,000 per day
Network fee
3-5 business days
Crypto (BTC, LTC, BCH, ETH)
– min/max
– fees
– speed
Yes
No limit
Free
Instant
Yes
No limit
Network fee
Instant but may vary
See all deposit and withdrawal fees >

How much are DigiFinex’s fees and commissions?

DigiFinex offers zero trading commissions for any exchanges involving natively supported cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Litecoin) and any equity.

DigiFinex initially launched over 50 supported ETFs and stocks in 2019, with plans to steadily support more based on feedback from users.

Fee typeFee amountCommission
Crypto trading1%None
ETFs, stocks, commodities1%None
See all trading fees >

DigiFinex trade sizes and limits

The DigiFinex app is specifically designed for small volume traders, which means it comes with certain limitations. All cryptocurrencies except Bitcoin and Litecoin have a maximum trading volume of 5 BTC per trade per day, but there are no limitations to how much Bitcoin, Bitcoin Cash, and Litecoin you can trade.

Similarly, peer-to-peer transfers have no limits either.

ProductMinimum tradeMaximum trade
Cryptos except for BTC/LTC0.01 lot5 BTC
Cryptos (BTC/ LTC)0.01 lotNo limit
Stocks$5No limit
ETFs$5No limit
See all trading limits >

DigiFinex trading platform

What devices can I use DigiFinex on?

The DigiFinex trading platform is currently available only as a mobile app, so you can download it on smartphones and tablets. The app is available both for Android users in Google Play and for iOS (iPhone) users in the App Store.

  • Tablets
  • iOS Mobile Devices
  • Android Mobile Devices

Can I use DigiFinex in my country?

DigiFinex is available in over 150 countries and territories worldwide, including the United Kingdom, Germany, France, and Austria. Select your country from the list below to see if it is available where you are.

Is DigiFinex available in my language?

Currently, the DigiFinex app is available in nine languages, including, English, Spanish, Portuguese, Russian, Chinese, Japanese, Korean , Vietnamese, Arabic

How easy is it to use DigiFinex?

Only three years after it made its debut on the market, DigiFinex has already become the preferred crypto trading platform for over 4 million traders. It’s easy-to-use interface combined with a simple, user-friendly app no doubt helped in this respect.  

New traders also have access to a series of useful articles and how-tos in the broker’s FAQ section and on its blog, so that they can easily navigate through the platform.

Key features

DigiFinex is constantly among the trading platforms with the highest trading volumes for major cryptocurrencies. Here are some of its key features:

24/7 professional support

Whether you’re looking to open a live account, learn more about withdrawals and deposits, or any other questions you may have, DigiFinex provides 24/7 professional customer support in the form of a live chat feature on its website.

Stable and secure

The broker is ranked top 10 globally by both volume and liquidity. Its in-house developed security system counts for multiple fail-safe layers, giving accounts bank-grade protection. 

Insurance fund

DigiFinex is one of the few crypto trading platforms that has taken the additional security step of setting up a self-administered insurance fund for both liquidity and to ensure the integrity of its platform.

Security and regulation

Is DigiFinex safe?

DigiFinex makes use of sophisticated security protocols and in-house developed systems to secure transactions. It uses two-factor authentication for access to every account, and most of the clients’ cryptos are kept in cold wallets, away from any potential danger.

Am I and my cryptocurrency protected?

DigiFinex uses encryption to secure its users’ information. However, cyberattacks are still possible, and so DigiFinex suggests storing your crypto assets offline, in a cold wallet such as the Ledger Nano S, Trezor, or KeepKey

Is DigiFinex regulated?

No, DigiFinex was registered under the rules and regulations of Seychelles, and currently holds offices in Singapore. Although it is not formally regulated by any financial authority, it commits to a strict KYC policy and to international anti-money laundering laws. 

Do I have to verify my account with DigiFinex?

Yes, DigiFinex runs a Know Your Customer (KYC) policy and requires verified personal information, such as a copy of a current photo ID and a second ID with your residential address on it from clients who want to trade. Although some degree of anonymity is provided for small traders and beginners, you will need a registered account to withdraw any profits.

Extra information

Educational resources 

DigiFinex provides a series of useful articles and an extended FAQ section to answer most of its clients’ questions and concerns regarding trading. There you can browse through dozens of guides on how to perform spot trades and properly understand how trading cryptocurrencies works.

DigiFinex also has a blog, where you can find the latest crypto industry new and additional useful trading and learning resources. 

Tools and charting

DigiFinex features various distinguishing tools to ensure traders a smooth and fast trading experience, such as spot trading, a peer-to-peer OTC trading desk, and fast transactions, with fills within milliseconds of placing your order.

Customer support

DigiFinex provides 24/7 in-app customer support as well as email support. There is also a QR code that can be scanned which links you directly to a WeChat customer service page. In the app, you can find the customer service by clicking on the “Head Icon” in the top left corner and selecting “Customer Support”, which will initiate a live chat with the customer service team. 

In addition, the broker has various official Telegram accounts for both English and Chinese speakers, and can also be contacted on one of its many official social media accounts – Twitter, Facebook, Kakao, Telegram, Reddit or Instagram.

Our verdict

DigiFinex is a mobile app designed especially for inexperienced traders and has a simple interface that’s easy to navigate. It isn’t the cheapest exchange as trading fees are fixed at 1% and there are many, varied deposit and withdrawal fees, but DigiFinex’s main advantage is the more than 100 cryptocurrencies and 70 fiat currencies it makes available. 

It now offers 50 ETFs and stocks for its worldwide customers as well and, unlike other similar platforms, it is available to U.S. customers. There are also a myriad of educational resources available in an extended FAQ section, which answers many questions a new trader would likely have.

Although it lacks the depth and features of a classic trading platform, DigiFinex’s main purpose is to make crypto trading accessible to everyone, something which it excels at.

How to buy and sell cryptocurrency with DigiFinex

How to buy crypto on DigiFinex

  1. Sign In to your account
  2. Go to the “Buy Bitcoin” section on top of the main page
  3. Enter the amount or quantity of your preferred crypto and choose the payment method
  4. Select your method of payment 
  5. Click “Buy BTC Now”

How to sell crypto on DigiFinex

  1. Log into your DigiFinex app 
  2. Tap on “Exchange” at the bottom of the screen
  3. Select the cryptocurrency you wish to sell and the preferred choice for your receiving funds (to sell crypto for US dollar cash, select TUSD /True USD in the DigiFinex app)
  4. You will now see the exchange rate. Select how much you would like to sell/exchange for TUSD
  5. Click “Review”. Review your order and hit “Confirm”
Who owns DigiFinex?
How does DigiFinex make money?
Do I have to pay tax on DigiFinex profits?
How do I delete my DigiFinex account?
How can I short on DigiFinex?
What if I forget my account password?
Can I transfer from my DigiFinex account into my PayPal account?
What if DigiFinex closes down while I have open trades?
Can I access my full trading history on DigiFinex?
Can I pay in cryptocurrency with DigiFinex?
Does DigiFinex offer bonuses?
How do I transfer from Coinbase to DigiFinex?
Is DigiFinex anonymous?
Does DigiFinex have an integrated wallet?
How do I withdraw from DigiFinex?
Has DigiFinex ever been hacked?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Theodor Tonca
Financial analyst
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not working, he can most commonly… read more.

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