Digifinex review

The taker fee is 0.2%, which sits close to the 0.25% median across crypto exchanges. For comparison, bunq charges 0.25% to 1.99% on crypto and eToro charges 1%, so trading costs here are the lower of the set.

Every coin carries a network withdrawal charge, and Digifinex lists BTC 0.0003, ETH 0.006, LTC 0.03, XRP 10 for major coins such as BTC and ETH. That sits on top of the 0.2% taker fee, so the cost of moving a holding off the platform is higher than the trading fee alone.

The account is custodial, so the coins sit with the platform rather than in a wallet you hold keys to. Around 79.7% of the exchanges on this site publish proof of reserves, and Digifinex's answer is no, so there is no published check on the backing for balances.

Support runs on email and community, so email and the community are the routes in. There is no live chat or phone line listed, which means a stuck withdrawal is handled in writing rather than on a call.

The exchange lists 574 coins, well above the 71.5 median across crypto exchanges. That spread means the larger assets by market value sit on one venue, and the taker fee of 0.2% keeps a trade there competitive.

The exchange started trading in 2018 and is headquartered in Singapore rather than in the UK or Europe. It lists 574 coins, well above the 71.5 median for the category, and support is email and community based.

Trading crypto carries a real risk of loss. Across the exchanges on this site, the median share of retail accounts that lose money is 70.15%, and the 0.2% taker fee is the cost of trading, not any kind of protection.

Digifinex is a centralised exchange that takes custody of the coins, so the venue holding them matters. Around 92.1% of the exchanges on this site run the same centralised model, which makes the choice about the platform and its listing rather than the market structure.