Digifinex Exchange Review
The website is very young – it is barely a year old. It was launched in April last 2018 and was initially positioned as not only effective but also very safe.
Novice users often ask: “Where is Digifinex located?”. The exchange is registered in the Seychelles, and its head office is located in Singapore. The companies that founded the new trading crypto platform are widely known in the internet industry and represent mainly its Asian sector. It is enough to give names such as Tencent, HP or Baidu to understand the technological level of Digifinex. Now, you will no longer wonder: “Where is Digifinex located?”.
The team focuses on the fact that the security of the resource created is at the forefront. It also offers a wide range of available trading tools, including leading cryptocurrencies such as:
and many others. Now, the number of available trading pairs already exceeds one hundred.
Trades are reflected on the “Exchange” page. Here, you can buy or sell cryptocurrency. For the first activity, the trading pair is selected first (on the left side of the page), and then the order type – Limit price or Market price.
According to Digifinex review, the order names speak for themselves. In the Limit order, you have the right to determine the price yourself, and it will be open until the price level rises to the value you specified, and the order is executed by someone. In the case of a Market order, the market price is set, and orders of this type are executed much faster than the previous ones.
According to the Digifinex exchange review, this platform has many advantages. First, the team’s focus on security and transparency is very important. Much has already been done and continues to be done. Secondly, it also supports many cryptocurrencies, which allows for flexible and efficient trading. Also, the system has its internal digital currency – the DFC token. It also supports over-the-counter trading.
Yet, as it usually happens, it is impossible to avoid all the drawbacks. The main ones are a higher trading commission compared to competitors (0.2% vs. 0.1% for many similar resources), separate Digifinex fees for the withdrawal of each digital currency, and the impossibility of trading for unconfirmed participants.
Separately, we would like to mention another drawback, which until recently was noted by the Russian-speaking audience. We are talking about the lack of a Russian-language version of the website, which, of course, did not make the website inaccessible but significantly hampered the work. Now, this unpleasant nuance is eliminated. When planning to enter the Russian market, the Digifinex team took care of supporting the Russian language.
This is pleasing because it opens up access to a large number of people willing to use the resource, with a daily trading volume of 1.3 billion dollars. Also, there will be a planned update (it will not interfere with the work of participants), the platform will be integrated with some innovative banking resource (its name is not disclosed yet), and the security system will reach a qualitatively new level. The popularity of Digifinex is constantly growing and for good reasons.