When you're looking for a crypto exchange that offers more than just Bitcoin and Ethereum, DigiFinex pops up in search results. With over 6.4 million users and 700+ trading pairs, it claims to be one of the biggest players in Asia. But does it live up to the hype? Or is it just another exchange inflating numbers to look bigger than it is? Let’s cut through the noise and show you exactly what DigiFinex offers - the good, the bad, and the things most reviews skip.
What You Can Trade on DigiFinex
DigiFinex doesn’t hold back on coin selection. You can trade over 500 digital assets, including major coins like BTC, ETH, SOL, and ADA, but also niche tokens like PEPE, SUI, ORDI, and ARB. If you like hunting for early-stage altcoins, this is one of the few exchanges where you’ll find them. Most top platforms like Binance or Coinbase drop new coins slowly. DigiFinex lists them fast - sometimes within days of launch. That’s great if you’re chasing quick gains, but risky if you don’t know what you’re buying.
It also supports 100+ fiat currencies for deposits, but here’s the catch: you can’t buy crypto directly with fiat. You need to first get Bitcoin or USDT from another exchange or P2P platform, then deposit it into DigiFinex. That’s a major inconvenience. If you’re new to crypto, this adds steps, fees, and delays. Compare that to exchanges like Kraken or Coinbase, where you can deposit USD, EUR, or GBP and buy crypto instantly. DigiFinex forces you to jump through hoops just to get started.
Fees and Trading Costs
Spot trading fees on DigiFinex range from 0.15% to 0.20%. Futures trading is slightly lower at 0.1% to 0.20%. That’s not terrible - it’s average for the industry. But here’s where it gets interesting: if you hold the platform’s native token, DFT, you get fee discounts. Hold 1,000 DFT? Your spot fee drops to 0.1%. Hold 10,000? It goes down to 0.05%. That’s a solid incentive - if you’re already trading heavily and want to cut costs.
But let’s be honest: most casual traders won’t hold DFT. They’ll just trade and pay full fees. And if you’re doing small trades, those 0.15% fees add up. A $100 trade costs you $0.15. A $1,000 trade? $1.50. Over time, it chips away at profits. Competitors like Bybit and KuCoin offer lower base fees even without token discounts. DigiFinex’s pricing only makes sense if you’re a high-volume trader or plan to stack DFT long-term.
Leverage and Derivatives
If you like trading futures, DigiFinex is built for you. It offers up to 1:100 leverage on futures contracts. That means with $100, you can control $10,000 worth of crypto. That’s aggressive. High leverage can multiply profits - but it also multiplies losses. One bad trade and you can lose everything. Many experienced traders avoid leverage above 1:20 for this reason.
Spot trading also allows up to 1:5 leverage. That’s more conservative than some rivals, but still risky for beginners. DigiFinex doesn’t warn users enough about the dangers of margin trading. There’s no mandatory risk quiz or educational pop-up before enabling leverage. That’s a red flag. Platforms like Binance and Kraken now require users to pass safety checks before trading with leverage. DigiFinex doesn’t. That’s not just a feature gap - it’s a user safety gap.
Security and Trust
DigiFinex says it uses cold storage, SSL encryption, and two-factor authentication. That’s standard. But security isn’t just about tech - it’s about trust. And here’s where things get shaky.
Independent analysts have found that DigiFinex’s reported daily trading volume of $28 billion is likely inflated. Real-time data from blockchain trackers suggests actual volume is closer to $1 billion. That’s a 28x difference. Why does this matter? Because trading volume is a key metric for liquidity. Low volume means slippage, delayed orders, and price manipulation. If you’re trading a small altcoin on DigiFinex, you might think it’s liquid - but it’s not. You could get stuck with a trade that never fills, or lose money because the price jumps when you try to sell.
Traders Union gave DigiFinex a 3.89/10 safety score - one of the lowest among major exchanges. They flagged opaque operations and lack of regulatory licensing. While DigiFinex isn’t officially banned anywhere (except the U.S. and a few sanctioned countries), it doesn’t hold licenses from major regulators like the SEC, FCA, or ASIC. That means if something goes wrong - a hack, a freeze, a scam - you have no legal recourse.
User Experience and Mobile App
The app is clean. The website is simple. Even if you’ve never traded before, you can find your way around. The demo account lets you practice with $10,000 in virtual funds. That’s useful. The guides are basic but enough to get started. Live chat support is available 24/7, and responses usually come within 10 minutes. That’s better than most.
But here’s what users complain about: withdrawals. Some report delays of 2-5 days, especially for large amounts. Others say customer support is helpful until you hit a wall - like when you need help with a failed deposit. No phone number. No live video call option. Just tickets and chat. If you’re in a hurry, it’s frustrating.
The mobile app has over 500,000 downloads on Google Play and a 3.4-star rating. That’s average. Reviews say it’s “easy to use” but “sometimes glitchy.” The iOS app is better rated, but still not flawless. If you’re trading daily, you’ll notice occasional lag during high volatility.
Who Is DigiFinex Really For?
DigiFinex isn’t for everyone. Here’s who it works for:
- You’re an experienced trader looking for altcoins not listed elsewhere
- You trade futures and want high leverage (up to 1:100)
- You hold DFT tokens and want to reduce fees
- You’re based in Asia, Southeast Asia, or another region where DigiFinex is popular
Here’s who should avoid it:
- You want to buy crypto with USD, EUR, or GBP directly
- You’re new to crypto and don’t understand leverage or risk
- You’re in the U.S., China, Iran, or any restricted country
- You care about regulatory transparency and legal protection
The Bottom Line
DigiFinex is a powerful tool - if you know how to use it. It’s packed with features: tons of coins, high leverage, a demo account, 24/7 support, and a slick app. But it’s also risky. The inflated volume numbers, lack of fiat on-ramps, weak regulation, and high-risk trading environment make it a double-edged sword.
It’s not a scam. It’s not a Ponzi. But it’s not the safest or most transparent exchange either. If you’re looking for a reliable, regulated platform to hold long-term crypto, go with Coinbase or Kraken. If you’re chasing altcoins, testing leverage, and don’t mind the gray areas - DigiFinex might be worth a try. Just don’t deposit more than you can afford to lose. And never trust the volume numbers.
Is DigiFinex safe to use?
DigiFinex has strong technical security - cold storage, 2FA, and encryption. But safety isn’t just about tech. It’s about trust. The exchange lacks major regulatory licenses, inflates trading volume, and doesn’t offer legal recourse if something goes wrong. It’s not outright unsafe, but it’s high-risk compared to regulated exchanges like Coinbase or Kraken.
Can I buy crypto with USD on DigiFinex?
No. DigiFinex doesn’t offer direct fiat-to-crypto purchases. You must first buy Bitcoin, Ethereum, or USDT from another exchange or P2P service, then transfer it to DigiFinex. This makes it inconvenient for beginners and adds extra fees.
Does DigiFinex work in the United States?
No. DigiFinex blocks users from the United States, China, Cuba, Iran, North Korea, Syria, and Crimea. If you’re in the U.S., you won’t be able to sign up or deposit funds. This is a major limitation, especially since the U.S. is one of the largest crypto markets.
What’s the difference between DigiFinex and Bybit?
Both offer high leverage and futures trading. But Bybit has better liquidity, clearer volume reporting, and supports direct fiat deposits in many countries. DigiFinex lists more altcoins and has a demo account, but Bybit is more transparent and regulated. For most users, Bybit is the safer, more reliable choice.
Are DigiFinex’s trading volume numbers real?
Almost certainly not. While DigiFinex claims $28 billion in daily volume, third-party data from blockchain analytics tools show actual volume is around $1 billion. This kind of discrepancy is common in unregulated exchanges, but it makes trading unreliable - especially for smaller coins with low liquidity.
Should I use DigiFinex if I’m a beginner?
Only if you’re willing to learn the risks. The interface is beginner-friendly, and the demo account helps. But without fiat on-ramps, no regulatory oversight, and high-leverage options, it’s easy to lose money. Beginners should start with regulated platforms like Coinbase or Kraken before trying DigiFinex.
