DigiFinex review
DigiFinex is a centralized cryptocurrency exchange founded in 2017, led by CEO Ned Kee, with Singapore reported as its operational base and its corporate entity, DigiFinex Limited, registered in Seychelles. It lists 700+ cryptocurrencies across 900+ trading pairs by its own and CoinMarketCap's count, though CoinGecko's independently tracked index shows a lower 585 coins and 601 pairs. Products span spot, margin and perpetual futures trading, staking and fixed-term savings, a token launchpad, and copy trading. DigiFinex holds no license from a top-tier regulator such as the SEC, FCA or MAS, and explicitly blocks users in the United States, Singapore, Canada and China. It publishes Merkle-tree proof-of-reserves data and no confirmed platform-side hack has been documented, but the exchange draws a recurring stream of unverified online complaints about withdrawals and support.
DigiFinex key facts
- Website: www.digifinex.com
- Category: Centralized cryptocurrency exchange
- Founded: 2017
- Headquarters: Singapore operations; Seychelles-registered entity
- CEO: Ned Kee
- Regulatory status: No top-tier license (SEC, FCA, MAS); offshore Seychelles registration
- Products: Spot, margin, perpetual futures, staking, launchpad, copy trading
- Trading fees: Spot ~0.15% maker / 0.20% taker, down to ~0.08% at top VIP tier
- Supported assets: 700+ coins, 900+ pairs (585 coins/601 pairs per CoinGecko)
- CEO: Ned Kee
- FYI Score: 68.3/100 (ranked #47 of the 48 crypto exchanges we track)
Trading fees
- Standard spot trading fees reported around 0.15% maker / 0.20% taker
- VIP volume tiers reduce spot fees to as low as roughly 0.08% maker/taker at the top tier
- Margin trading carries a separate fee, reported around 0.10% maker/taker
- Crypto deposits are free; withdrawal fees are network-dependent and set per coin (for example, roughly 0.0003 BTC)
Supported assets
- 700+ cryptocurrencies across 900+ trading pairs, per DigiFinex's own listings and CoinMarketCap
- CoinGecko's independently tracked index counts a lower 585 coins and 601 active pairs, a meaningful gap from the exchange's own figures
- Coverage spans major assets (BTC, ETH, SOL, XRP, ADA) and stablecoins (USDT, USDC) plus a long tail of smaller-cap and meme tokens
- Runs its own exchange token, DFT, alongside third-party listings
Products
- Spot and margin trading, with margin leverage reported up to 10x
- USDT- and coin-margined perpetual futures, with leverage cited up to 100x on select pairs
- Staking and fixed-term savings products under the platform's wealth-management/Earn section
- Token launchpad for IEOs, plus copy trading that mirrors other users' positions
Security & regulation
- No license from a top-tier regulator (no SEC, FCA or MAS authorization); the exchange operates offshore, with DigiFinex Limited registered in Seychelles
- Publishes Merkle-tree proof-of-reserves data letting users verify their balance is included, though this falls short of a full independent financial audit
- Reports mandatory 2FA on withdrawals, withdrawal address whitelisting, and cold storage for the bulk of customer assets
- No confirmed history of a successful platform-side hack has been documented by mainstream trackers as of mid-2026, though the exchange draws a steady volume of unverified online complaints and scam-warning content about withdrawal delays and support responsiveness
Fiat & payments
- No direct bank transfer or native fiat trading pairs; fiat on-ramps run through third-party processors including Simplex, MoonPay and Banxa
- Card-based (Visa/Mastercard) fiat purchases are supported, with processor fees reported in the 2-5% range
- Users in the United States, Singapore, Canada and China are explicitly restricted from the platform
- Crypto deposits and withdrawals are supported across the full listed asset range, with network-dependent withdrawal fees
Markets
[object Object], [object Object], [object Object]
Platforms
DigiFinex Web, DigiFinex iOS App, DigiFinex Android App
Who DigiFinex is for
DigiFinex may suit traders seeking a wide range of smaller-cap coins and high-leverage derivatives who are comfortable operating without the protections of a licensed exchange. It is not usable by US, Singapore, Canadian or Chinese residents, and its security disclosures (proof-of-reserves, cold storage) are self-reported rather than independently audited.
Pros
- Wide altcoin selection: 700+ cryptocurrencies and 900+ trading pairs by the exchange's own count, among the broader listings of mid-tier exchanges
- Full product stack in one account: spot, margin, futures, staking, launchpad and copy trading
- Publishes Merkle-tree proof-of-reserves data, a transparency step above the baseline for an unlicensed offshore exchange
- No confirmed history of a successful platform-side hack as of mid-2026
Cons
- No license from a top-tier regulator (SEC, FCA, MAS); operates offshore out of Seychelles, a jurisdiction with limited recourse if disputes arise
- Blocks users in the United States, Singapore (its own reported operational base), Canada and China, narrowing its addressable market despite the broad coin listing
- No native fiat trading pairs or bank transfers; fiat access depends on third-party processors charging 2-5%
- Attracts a recurring stream of online complaints and scam-warning content about withdrawal delays and support responsiveness; these are not independently verified as confirmed incidents but form a consistent pattern worth flagging in due diligence
DigiFinex FAQ
Is DigiFinex regulated?
Not by a top-tier regulator. DigiFinex is not licensed by the SEC, the UK's FCA, or Singapore's MAS. DigiFinex Limited is registered in Seychelles, an offshore jurisdiction with lighter financial oversight, while Singapore is reported as the exchange's operational base.
Has DigiFinex been hacked?
No successful platform-side hack has been documented by mainstream industry trackers as of mid-2026. The exchange does draw a steady volume of online user complaints and scam-warning articles about withdrawal delays and support issues, but these are not independently verified security incidents.
What are DigiFinex's trading fees?
Standard spot fees are reported around 0.15% maker / 0.20% taker, reduced through VIP volume tiers to roughly 0.08% at the top tier. Margin trading is charged separately at around 0.10% maker/taker. Fiat purchases through third-party processors carry additional fees of about 2-5%.
Can US residents use DigiFinex?
No. DigiFinex explicitly restricts users in the United States, along with Singapore, Canada and China.
Compare DigiFinex with other crypto exchanges
See all crypto exchanges ranked by FYI →
Home · CFD Brokers · Brokers · Crypto · Prop firms · Prediction markets · Media · Influencers · Solutions