Review on DigiFinex by Danh Huỳnh Ngọc Công
DigiFinex - Good liquidity and good range of cryptocurrencies
DigiFinex is an exchange with many cryptocurrencies traded on it. The volume of this exchange is very high and it offers many addittional services that are all very good for its users. It also releases an App on both iOS and Android but it;'s not stable enough. Trading experience is not so bad but there should be more types of available orders. Last but not least, identities verification is a big minus compared to the decentralized exchanges
Pros
- - Digifinex allows users to register a new account very easily with an email or a phone number. Users will be asked to write down one of these, a new password, and a hand drawing to unlock the app. All of these processes only take a few minutes on the website.
- - Its interface is well-designed and very convenient for trading. All the functions can be found on the trading screen quickly
- - The exchange supports ten different languages so users from many countries can use it easily
- - They have a native token that have almost the same functions as the ones of other token. It can be used to discount on fees and access some exclusive services available on the exchange
- - They have hosted many long-term campaigns such as referral program, trading rewards, lucky draw, or candy box to incentivize the engagement of users on the platform
- - Trading fees can be discounted significantly if users have high monthly trading volume and large holdings of the exchange's native token
- - Deposit does not cost users any fees but withdrawals will take an acceptable amount of cryptocurrencies
- - Beside normal trading, they also offer OTC trading and Margin trading allowing the users to maximize their profits
- - Trading and selling on DigiFinex exchange is simple and easy as the trading interface is not so difficult to understand
- - There are more than two hundreds and thirty trading pairs on this exchange so users may find may of the currencies they hold are available on this platform
- - The volume is high so the liquidity of this exchange is very healthy. There will not be much price manipulation
- - There customer support can be reached via email and zendesk page. The answers for the questions can be gotten pretty fast
Cons
- - On their mobile app, this will be very frustrating as the app keeps repeating the OTP screen after you entered it. There are also some small bugs making me want to stay away from it
- - There are not many type of orders other than limit orders. A standard exchange will provide the three most important ones: limit order, market order, and stop-loss order
- - Identities verification is required to withdraw big amount of cryptocurrencies and this may be not ideal for the privacy of users
