DigiFinex Review – Fees, Supported Coins & Countries, Payment Methods

DigiFinex Review – Fees, Supported Coins & Countries, Payment Methods
DigiFinex Review – Fees, Supported Coins & Countries, Payment Methods
It supports a vast array of fiat currencies for buying and selling cryptocurrencies. When this article was written, there were 43 fiat currencies supported on the platform.
There are many cryptocurrencies supported on the platform.
It offers many activities through which traders can earn passive income. Thus, even if you don’t know how to trade, you can still make money on the platform.
It has a relatively straightforward fee structure. You know how much you are paying and the reason for the payment.
It has mobile applications which run on all the major operating systems.

In the realm of digital finance, the name DigiFinex often surfaces, sparking curiosity and questions among potential users. This article aims to provide a comprehensive DigiFinex review, shedding light on its features, safety measures, and overall user experience.

We understand that the safety of your investments is paramount, which is why we’ll delve into the question, “Is DigiFinex safe?” and address concerns about potential DigiFinex scams.

Our goal is to equip you with the necessary information about DigiFinex, enabling you to make informed decisions in your cryptocurrency journey. So, let’s dive into the world of DigiFinex and explore what it has to offer.

Quick summary: Is Digifinex Safe?
🔑 Key Features👍 Pros👎 Cons
💼 Highly reliable trading platform with a custom-made security system and third-party oversight from the Accounting and Corporate Regulatory Authority (ACRA) in Singapore🛡️ Highly secure platform with no reported security breaches or hacks🚫 Not available to residents of the United States, Singapore, China, the Balkans, Cuba, the Democratic Republic of Congo, Iran, Iraq, North Korea, Sudan, and Syria
🪙 Supports at least altcoins and trades an estimated $ million daily🌐 Wide range of supported cryptocurrencies, providing users with a variety of options for trading📉 Trading volume and liquidity on the platform have been on the decline
👥 User-centric and reliable features and services💹 High liquidity and trading volumes, particularly in the Asian market❓ Limited information available about the company
🏦 Bank-like security with multiple layers of site security, Two-Factor Authentication, cold wallet storage, and secure physical vault storage📱 User-friendly interface with a desktop and mobile app for easy trading


Digifinex is a cryptocurrency exchange that allows users to buy, sell, trade, save, and use cryptocurrencies. To put it another way, it is a crypto exchange. It was founded in 2017 in Seychelles, East Africa, and is currently headquartered in Singapore. According to Coinmarketcap, it is one of the top 100 crypto exchanges globally, with a liquidity of over $2 billion. The exchange is owned by Digifinex Limited.

In brief, these are the features that stand out about the exchange:

  • It supports more than forty fiat currencies as of writing.
  • It allows users to purchase crypto from their bank accounts using credit cards and other payment means
  • It is regulated in Australia and Singapore
  • It has two native tokens, namely, DFT and DRV.
  • The crypto assets are held in hardware wallets with optimal security, called cold wallets.
  • Its fiat assets are held in physical vaults.
  • Users must complete KYC verification before using mos functions of the exchange.
  • It has mobile applications on the major operating systems.


Buy Crypto for Fiat with Credit Card

As an exchange, this is one of the expected functions. Digifinex enables seamless fiat to crypto conversion using credit and debit cards powered by Visa and MasterCard. There is a purchase limit of $20,000 for this feature, and it is further extended by advanced KYC verification.

To enable users of the platform to buy crypto with fiat seamlessly, Digifinex employs three payment processing giants, Simplex, Wyre, and MercuryO. They all support buying crypto with bank card and bank transfer, but MercuryO goes further by supporting Google and Apple Pay methods.


  • SPOT: This is where you can trade the supported cryptocurrencies against one another. The exchange supported 223 coins in 280 markets when this article was written. The spot trading interface is user-friendly, too, with a basic chart that conveys important trade metrics. Bitcoin, Ethereum are just some coins you can trade on Digifinex.
  • MARGIN: Digifinex allows margined trading up to 5X leverage. If you’re just signing up on the exchange, you will get a brief tutorial when you click on margin trading. Also, you can choose among limit order, market order, and stop-limit as the order types. Apart from 5X leverage, the only other leverage type is 3X.
  • INDEX TRADING: This is a set of financial tools that measure the performance of a group of shares from an exchange or company. There are different examples of indices that are traded. The more common examples are Germany40(which tracks the price performance of the top 40 stocks in the Frankfurt Stock Exchange), US500, US TECH 100, FTSE100, etc. You can’t trade those on Digifinex, but you can trade ETFs (a type of financial tool similar to indices)


Also known as derivatives, this trading tool closely tracks the price movements of underlying assets, allowing traders to benefit from those price movements without having to own the underlying asset. There are two forms of perpetual swaps on Digifinex:


Digifinex provides ways for users to earn annualized returns on some products without having to trade. There are about four ways for users to earn passive income via Digifinex’s wealth-building program. They are

  • FLEXI-EARN: Here, users do not have to lock their assets before earning. The APR is between 3-10%
  • STABLE EARN: You need to lock your assets to earn here. The assets locked are singular cryptocurrencies, and they are usually locked for about three months.
  • ADVANCED EARN: Here, crypto assets are mixed in order to generate returns. The APR is usually a maximum of 50% with a lock period of around 90 days
  • SPECIAL EARN: It is an innovative feature where your assets are traded in low-risk conditions. The APR is usually much lower but guaranteed.


When this article was written, Digifinex supported 223 different cryptocurrencies. These coins range from popular ones like Bitcoin, Ethereum, LUNA, SAND, ATOM, FTM, LINK, TRX, DOT, FIL, MATIC, SOL, AVAX, XRP, CRV, etc; to less popular ones like GRT (Golden Ratio Token), VYNK Chain(VYNC), ABBC Coin, Blue Sparrow Token, among others. The coins are traded in about 280 market pairs.


The main deposit methods for fiat currencies are deposits via bank cards using any of the integrated payment processing platforms(Simplex, Wyre, or MercuryO). You can also deposit through Google Pay or Apple Pay if you use MercuryO. The deposit and withdrawal fee is either 3.5% of the amount or $10 (whichever is higher). The maximum amount you can deposit at once is $20,000 worth

For Cryptocurrency withdrawals, the fees applied are similar to the network fees for the particular coin, with some slight additions. Deposits are free but limited to 0.2 BTC worth until you complete KYC verification.




The exchange offers a flat 0.2% trading fee for both maker and taker orders. However, more discounts are offered for users of the platform who hold certain amounts of DFT, the platform’s native token. The discounts vary based on how much DFT they hold. Also, there is a 25% fee deduction regardless of how much DFT you hold. See the table below for more details:

Regular User0.00 USDT00.15%0.2%0.15%
VIP 1100,000 USDT1000.12%0.18%0.135%
VIP 21,000,000 USDT5000.1%0.16%0.12%
VIP 35,000,000 USDT2,0000.08%0.14%0.105%
VIP 420,000,000 USDT10,0000.01%0.12%0.09%
VIP 5200,000,000 USDT30,000,0.008%0.1%0.075%
VIP 6500,000,000 USDT100,0000.006%0.08%0.06%


For margin and perpetual trading, the fee is a flat rate of 0.05% which is further discounted for DFT holders. Also, there is a Digifinex special privilege if you close your trade before 10 a.m the next day. In such cases, the funding fees are waived. 


Digifinex complies with Anti-Money Laundering regulations by requiring KYC verification from users before they access most of the website’s functions. However, you can still make trades up to a limit of 0.2 BTC worth of daily transactions before you’re mandated to complete KYC verification.

To do KYC verification, go to account security on the app and click Identity Verification (KYC). It then brings you to a page where you can verify your identity in the following steps

  • IDENTITY VERIFICATION: Here, you submit your ID documents. Only International Passports and government-issued ID cards are accepted.
  • VIDEO SELFIE: To confirm that you’re really the owner of your ID documents
  • PROOF OF ADDRESS: You can use a bank statement, a utility bill, a driver’s license, a credit or debit card statement, or a letter from a reputable public servant as your proof of address. It has to contain your address and has to have been issued no more than three months ago.

After all of the information is submitted, the KYC application will be approved within 24-72 working hours.


Even though it is based in Hong Kong, Digifinex is available to several countries worldwide. However, it is not universal. Their services are restricted in some countries, namely, The United States of America, Singapore, China, The Balkans, Cuba, The Democratic Republic of Congo, Iran, Iraq, North Korea, Sudan, Syria.


Digifinex’s native token is known as DFT and is the central figure around which main parts of Digifinex exchange are built. Holders of the DFT token are able to partake in various services and privileges on the platform. These include

  • Better fee discounts when they lock a specific amount of DFT on the platform.
  • Additional staking and airdrop rewards when they lock their tokens
  • 25% fee discount in addition to the discounts that come from locking DFT on the platform.
  • They can also apply to be OTC merchants.
  • They get front seats when new projects are about to be listed on the Digifinex platform.
  • DFT can also be used out of the exchange platform. It can be used in Singapore to pay for jewellery, in South Korea to pay for food and drinks, and as deposits for the Digifinex global ambassador or partnership programme. 
  • The token is also used to include users in the DFT Superstar program, which is a special program with extended benefits

When this article was written, DFT traded at $0.05 with a current circulating supply of over 137 million tokens and a maximum supply of 2.1 billion tokens.

There is another token that is associated with the Digifinex ecosystem. It is known as DRV and is the native token for DigiDeriv, the derivatives-trading arm of the Digifinex platform. It is mainly gotten as a reward for mining, referrals, and trading competitions. One of the main ways of getting DRV tokens is by means of swap mining. Swap mining is a mechanism where you’re rewarded with DRV tokens as rebates for performing swaps on DigiDeriv.


Consider the following points:

  • Digifinex scores highly in terms of security. For one thing, it has the following two licenses to boast of
    • License by the Australia Regulated Digital Currency Exchange Service Provider.
    • The exemption of provision of digital payment token services in Singapore by the Monetary Authority of Singapore (MAS).

These licenses foster trust in the exchange as a legit exchange.

  • It employs the best storage procedure for storing cryptocurrencies. Thus, coins are stored in cold wallets which are free from any sort of online penetration by hackers.
  • Its fiat currencies are stored in physical vaults to limit the probability of being stolen from the banks
  • It enforces KYC regulations on its users for its users before they can access most of the functions of the website. However, it would be better if it enforced KYC regulations before allowing users to take part in any activity on the platform.
  • It also encourages user accountability by means of two-factor authentication before approving withdrawals.


Even though Digifinex is not the top crypto exchange in the world presently, it still packs a bunch because of the various features it offers. Its most appealing quality seems to be that it allows users to make passive income without having to trade by means of its wealth management programs. Therefore, you can stake, mine, and lock your crypto assets on the platform and expect rewards. Also, the platform offers massive discounts for holders of its token as well as airdrop and staking rewards. 

That being said, one should still be cautious before trading on the platform(or any other platform for that matter). This is because cryptocurrency trading comes with certain risks, requiring that you only invest money you can afford to lose.

Read also:


8.2 Total Score

  • It supports a vast array of fiat currencies for buying and selling cryptocurrencies. When this article was written, there were 43 fiat currencies supported on the platform.
  • There are many cryptocurrencies supported on the platform.
  • It offers many activities through which traders can earn passive income. Thus, even if you don’t know how to trade, you can still make money on the platform.
  • It has a relatively straightforward fee structure. You know how much you are paying and the reason for the payment.
  • It has mobile applications which run on all the major operating systems.
  • The services of the platform are not available to people from certain countries.
  • The payment options on the platform are limited.
  • The customer care service leaves much to be desired.
  • It doesn’t allow you to store fiat directly on the website. You can only use fiat to purchase crypto.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

1 Comment
  1. it scam becuase it fake order book

Leave a reply