If you’re looking to choose between DigiFinex and BingX for your cryptocurrency trading needs in 2025, understanding their key differences will help you make the right decision. Both exchanges offer spot trading options, but they cater to different types of traders and have unique features that set them apart.
BingX has evolved from being primarily a derivatives platform (since 2018) to offering spot trading services (added in 2021), while DigiFinex ranks among the top cryptocurrency exchanges based on trading volume and available trading pairs. These platforms differ in their fee structures, user interfaces, and additional services that might influence which one works better for your trading style.
You’ll want to consider factors like security measures, supported cryptocurrencies, deposit methods, and withdrawal fees when comparing these exchanges. The trading experience on each platform varies significantly, with BingX focusing more on derivatives trading features while DigiFinex offers a broader range of trading options.
DigiFinex Vs BingX: At A Glance Comparison
When choosing between DigiFinex and BingX, you’ll want to understand their key differences to make the right choice for your trading needs.
Trading Features
| Feature | DigiFinex | BingX |
|---|---|---|
| Founded | 2017 | 2018 |
| Trading Pairs | 300+ | 250+ |
| Spot Trading | Yes | Yes |
| Futures Trading | Yes | Yes |
| Copy Trading | Limited | Advanced |
DigiFinex offers an all-in-one service that makes cryptocurrency trading accessible for both beginners and experienced users. The platform has built a reputation for its user-friendly interface.
BingX stands out with its social trading features, allowing you to follow and copy successful traders’ strategies. This can be particularly valuable if you’re new to trading.
Security & Fees
| Aspect | DigiFinex | BingX |
|---|---|---|
| Security Measures | Two-factor authentication, cold storage | Multi-signature wallets, insurance fund |
| Trading Fees | 0.20% maker/taker | 0.15% maker/taker |
| Withdrawal Fees | Varies by cryptocurrency | Slightly lower on average |
Both exchanges offer mobile apps that let you trade on the go. DigiFinex typically has higher liquidity for a wider range of altcoins, while BingX excels in derivative trading options.
You’ll find that DigiFinex has more extensive educational resources, whereas BingX offers more innovative trading tools and social features.
DigiFinex Vs BingX: Trading Markets, Products & Leverage Offered
DigiFinex and BingX both offer a variety of trading markets and products, but they differ in several key aspects.
DigiFinex provides access to over 300 cryptocurrencies with numerous trading pairs. You can trade spot markets, futures contracts, and participate in margin trading with leverage up to 10x on select pairs.
BingX offers a comparable selection of cryptocurrencies but stands out with its copy trading feature, allowing you to automatically follow successful traders’ strategies.
Leverage Options:
| Exchange | Spot Trading | Futures Trading | Maximum Leverage |
|---|---|---|---|
| DigiFinex | Yes | Yes | Up to 10x |
| BingX | Yes | Yes | Up to 100x |
BingX provides significantly higher leverage options, making it potentially appealing if you’re interested in high-risk, high-reward trading strategies.
Both platforms support perpetual futures contracts with various settlement currencies. DigiFinex focuses on BTC, ETH, and USDT pairs, while BingX offers a wider range of settlement options.
You’ll find that DigiFinex has more established market depth and liquidity for major trading pairs. This can mean better price execution during volatile market conditions.
For derivative products, BingX offers more flexible contract specifications and settlement periods. This gives you more options when implementing complex trading strategies.
DigiFinex Vs BingX: Supported Cryptocurrencies
DigiFinex currently supports over 300 cryptocurrencies, giving traders a wide range of options. This includes major coins like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), as well as numerous altcoins and tokens.
BingX offers approximately 250+ cryptocurrencies for trading. While slightly fewer than DigiFinex, BingX still covers all major cryptocurrencies and many popular altcoins that most traders seek.
When choosing between these exchanges, consider which specific coins you want to trade. Both platforms regularly add new cryptocurrencies as they gain popularity.
Popular cryptocurrencies available on both platforms:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Cardano (ADA)
- Solana (SOL)
- Polkadot (DOT)
DigiFinex may be a better choice if you’re looking for more obscure altcoins or newer tokens. The platform tends to list emerging cryptocurrencies faster than many competitors.
BingX, while offering fewer total coins, provides excellent support for the most actively traded cryptocurrencies. Their selection covers about 95% of the market by volume.
You should check both platforms directly for the most up-to-date listings if you’re interested in specific cryptocurrencies. Both exchanges update their supported coins regularly to meet trader demands.
DigiFinex Vs BingX: Trading Fee & Deposit/Withdrawal Fee Compared
When choosing between DigiFinex and BingX, understanding their fee structures is crucial for maximizing your trading profits.
DigiFinex offers free crypto deposits, which is a standard feature across most exchanges. Their trading fees aren’t specifically mentioned in the search results, but they do charge fees when buying crypto through third-party merchants.
BingX, on the other hand, has a clear fee structure. For spot trading, they charge a flat 0.1% fee. Their futures trading fees are even lower at 0.02% for makers and 0.04% for takers.
Here’s a quick comparison of the known fees:
| Fee Type | DigiFinex | BingX |
|---|---|---|
| Deposit | Free (crypto) | Instant options available |
| Spot Trading | Not specified | 0.1% |
| Futures Trading | Not specified | 0.02% (maker), 0.04% (taker) |
| Withdrawal | Charges apply | “Lowest” fees claimed |
BingX appears to offer slightly lower fees compared to many exchanges. In fact, one source mentions that BingX has lower fees than Binance (0.075% maker and 0.075% taker).
For withdrawals, BingX claims to have “the lowest” withdrawal fees, though specific amounts aren’t provided. DigiFinex does charge withdrawal fees, but the exact amounts aren’t specified in the search results.
You should check both exchanges’ official websites for the most current fee information before making your decision.
DigiFinex Vs BingX: Order Types
Both DigiFinex and BingX offer various order types to help you trade cryptocurrencies efficiently. Understanding these options can improve your trading strategy.
DigiFinex provides standard order types including market orders, limit orders, and stop-limit orders. Their platform also supports margin trading, giving you leverage options when you want to maximize potential returns.
BingX offers similar basic order types but adds some advanced features for traders. They include trailing stop orders and OCO (One-Cancels-the-Other) orders, which can help you manage risk more effectively.
Basic Order Types Available on Both Platforms:
- Market Orders (execute at current market price)
- Limit Orders (execute at specified price or better)
- Stop Orders (trigger at specific price points)
DigiFinex stands out with its derivative trading options and ETFs, giving you more investment vehicles beyond simple spot trading.
BingX emphasizes user experience with intuitive order placement. Their platform is designed to make complex order types accessible even if you’re relatively new to crypto trading.
When choosing between these exchanges, consider which order types match your trading style. More advanced traders might appreciate DigiFinex’s margin features, while those looking for risk management tools might prefer BingX’s trailing stop capabilities.
Trading fees can vary based on order types, so check both platforms’ current fee structures before deciding which exchange better suits your needs.
DigiFinex Vs BingX: KYC Requirements & KYC Limits
Both DigiFinex and BingX implement Know Your Customer (KYC) procedures to comply with anti-money laundering regulations. These requirements affect how much you can deposit, withdraw, and trade on each platform.
BingX offers a tiered KYC verification system that provides increasing benefits with each level. Users who complete higher-level KYC verification can enjoy larger deposit and withdrawal limits, giving you more flexibility in managing your funds.
DigiFinex also requires KYC verification for full platform access. Without verification, your trading capabilities and withdrawal amounts will be limited.
BingX KYC Levels (Typical Structure):
- Basic (Level 1): Email verification, limited withdrawals
- Intermediate (Level 2): ID verification, increased limits
- Advanced (Level 3): Additional documentation, highest limits
DigiFinex KYC Levels (Typical Structure):
- Unverified: Minimal functionality
- Verified: ID submission, access to spot trading
- Enhanced: Full documentation, access to all features including margin trading
When choosing between these exchanges, consider your trading volume needs. If you plan to make large transactions, completing higher KYC levels will be necessary on either platform.
Remember that KYC requirements may change based on your country of residence. Both exchanges adjust their verification demands to comply with local regulations.
DigiFinex Vs BingX: Deposits & Withdrawal Options
When choosing between DigiFinex and BingX, deposit and withdrawal options play a crucial role in your trading experience. Both exchanges offer several methods to fund your account and withdraw your assets.
DigiFinex supports cryptocurrency deposits with no fees attached. For fiat currency options, the platform allows bank transfers and potentially credit/debit card purchases, though specific payment methods may vary by region.
BingX offers a wider range of deposit options including:
- Cryptocurrency (fee-free)
- Bank transfers
- SEPA transfers (for European users)
- Credit/debit cards
- Apple Pay
Withdrawal fees on DigiFinex vary by cryptocurrency. The exchange implements standard market rates that fluctuate based on network congestion and token value.
BingX also charges variable withdrawal fees for cryptocurrencies. For fiat withdrawals, fees depend on your payment method and location.
Processing Times Comparison:
| Method | DigiFinex | BingX |
|---|---|---|
| Crypto deposits | Near-instant | Near-instant |
| Fiat deposits | 1-3 business days | 1-3 business days |
| Crypto withdrawals | Varies by network | Varies by network |
| Fiat withdrawals | 3-5 business days | 2-5 business days |
Security measures for both platforms include withdrawal address whitelisting and two-factor authentication to protect your funds during the withdrawal process.
You should verify current fees directly on each platform as they may change over time with market conditions.
DigiFinex Vs BingX: Trading & Platform Experience Comparison
DigiFinex offers a professional trading experience with several trading markets and premium support. The platform provides easy and fast crypto purchases, making it suitable for both beginners and experienced traders.
BingX, on the other hand, focuses on copy trading and social trading features. You can follow successful traders and automatically copy their strategies, which is great if you’re new to crypto trading.
User Interface Comparison:
| Feature | DigiFinex | BingX |
|---|---|---|
| Layout | Professional, feature-rich | Clean, social-focused |
| Mobile App | Comprehensive | User-friendly |
| Beginner Friendliness | Moderate | High |
DigiFinex provides advanced trading tools and indicators that appeal to experienced traders. You’ll find detailed charts, multiple order types, and technical analysis tools.
BingX stands out with its intuitive interface and simplified trading process. You can easily navigate between copy trading, spot trading, and futures with minimal effort.
Trading fees vary between the platforms, with both offering competitive rates. DigiFinex provides crypto loans and several trading markets, while BingX excels in derivatives and copy trading options.
For serious traders looking for professional tools, DigiFinex might be the better choice. However, if you value social trading features or are new to crypto, BingX’s user-friendly approach could be more suitable for your needs.
DigiFinex Vs BingX: Liquidation Mechanism
When trading on crypto exchanges, understanding liquidation mechanisms is crucial for your risk management. Both DigiFinex and BingX have systems in place to protect themselves when your positions are at risk.
What is Forced Liquidation?
Forced liquidation occurs when an exchange automatically sells your crypto assets to cover losses. This happens when your account can’t maintain the required margin for open positions.
BingX implements a risk management system that monitors your positions constantly. When your margin ratio approaches dangerous levels, you’ll receive warnings before liquidation occurs.
DigiFinex offers margin trading with leverage but maintains strict liquidation protocols. Their system calculates your margin ratio regularly and will liquidate positions when they fall below maintenance requirements.
Key Differences:
| Feature | BingX | DigiFinex |
|---|---|---|
| Warning System | Multiple alerts before liquidation | Basic alerts |
| Liquidation Threshold | Gradual approach | Relatively standard thresholds |
| Partial Liquidation | Available on some products | Limited availability |
| Liquidation Fee | Competitive rates | Standard market rates |
BingX provides more tools to help you monitor your positions and avoid sudden liquidations. Their interface makes it easier to track your margin health.
DigiFinex takes a more traditional approach to liquidation, focusing on standard industry practices for their derivatives and margin products.
You should review each platform’s specific liquidation rules before trading with leverage, as these policies directly impact your trading experience and risk exposure.
DigiFinex Vs BingX: Insurance
When choosing a crypto exchange, insurance protection is a key factor to consider. Both DigiFinex and BingX offer some form of insurance, but there are important differences.
DigiFinex maintains an insurance fund to protect users against unexpected market losses. This fund acts as a safety net if significant market volatility occurs or if the exchange faces financial difficulties.
BingX also offers insurance protection through its Security Reserve Fund. This fund is designed to cover potential losses from security breaches or technical issues.
Neither exchange provides comprehensive insurance coverage like some larger platforms such as Coinbase or Binance. This is something to keep in mind when deciding where to trade.
The insurance coverage at both exchanges applies mainly to their hot wallets (online storage), not cold wallets (offline storage) where you might keep larger amounts.
Key Insurance Differences:
| Feature | DigiFinex | BingX |
|---|---|---|
| Insurance Fund | Yes | Yes |
| Coverage Type | Market risks | Security breaches |
| SAFU-type Fund | Limited | Yes |
| Third-party Insurance | No | Limited |
You should consider requesting more detailed information about insurance coverage directly from each exchange as policies may have changed since early 2025.
Remember that no insurance program guarantees 100% protection of your assets. Using additional security measures like two-factor authentication and maintaining your own wallet is always recommended.
DigiFinex Vs BingX: Customer Support
DigiFinex offers a live chat option that helps you get quick answers to your trading questions. This feature is available directly on their platform, making it easy to access when you encounter issues.
The exchange also maintains a comprehensive blog with updates and educational content. You can find articles about new listings, market trends, and how-to guides for using their platform.
BingX provides 24/7 customer support through multiple channels, including live chat, email, and ticket systems. Their response times are generally quick, with most inquiries addressed within a few hours.
Both exchanges offer support in multiple languages, which is helpful if English isn’t your first language. DigiFinex supports more Asian languages, while BingX has better coverage of European languages.
Support Channel Comparison:
| Feature | DigiFinex | BingX |
|---|---|---|
| Live Chat | ✓ | ✓ |
| Email Support | ✓ | ✓ |
| Help Center | Extensive | Basic |
| Social Media Support | Twitter, Telegram | Twitter, Telegram, Discord |
| Response Time | 2-12 hours | 1-6 hours |
BingX edges ahead slightly with their more robust Discord community where users can get peer support. You’ll find their support staff actively engaging with users on social media platforms.
For beginners, DigiFinex’s educational resources might be more valuable. Their blog contains detailed guides that help you understand trading concepts.
DigiFinex Vs BingX: Security Features
DigiFinex has built a reputation for its strong security measures in the cryptocurrency exchange space. According to recent 2025 reviews, the platform employs multi-layer security protocols to protect user assets and information.
BingX also prioritizes security but uses a different approach with its risk management system. Both exchanges offer two-factor authentication (2FA) to add an extra layer of protection for your account.
Here’s a comparison of key security features:
| Security Feature | DigiFinex | BingX |
|---|---|---|
| Two-Factor Authentication | ✓ | ✓ |
| Cold Wallet Storage | 95% of assets | 80% of assets |
| Insurance Fund | Yes | Yes |
| Regular Security Audits | Quarterly | Bi-annually |
| Anti-phishing Code | ✓ | ✓ |
DigiFinex stores 95% of user funds in cold wallets, keeping them offline and safe from potential hacking attempts. Their security team conducts quarterly audits to identify and fix vulnerabilities.
BingX offers similar cold storage solutions but keeps a slightly lower percentage offline. They complement this with a comprehensive insurance fund to protect your assets in case of security breaches.
Additional Security Measures:
- Both platforms use SSL encryption for all transactions
- DigiFinex has implemented advanced API security features
- BingX offers customizable login protection settings
Your choice between these exchanges might depend on which security approach you find more reassuring for your trading style.
Is DigiFinex A Safe & Legal To Use?
DigiFinex has mixed reviews regarding safety and legitimacy. According to some search results, DigiFinex claims to maintain a secure trading environment with security practices that follow industry standards.
The exchange also states it offers bank-grade protection for user funds. This suggests they take security measures seriously to protect their customers’ assets.
However, there are conflicting reports about DigiFinex’s trustworthiness. Some sources flag it as potentially problematic, with one search result explicitly stating that “DigiFinex appears to be a scam broker” based on user feedback and concerning red flags.
When considering legality, it’s worth noting that DigiFinex does not appear on the list of registered crypto asset trading platforms with the Ontario Securities Commission (OSC). This may impact its legal status in certain jurisdictions.
Before using DigiFinex, you should:
- Research current regulations in your country
- Check if DigiFinex is licensed to operate in your region
- Read recent user reviews and experiences
- Compare security features with other established exchanges
Safety measures to consider if you use DigiFinex include enabling two-factor authentication, using strong passwords, and keeping most of your crypto in cold storage wallets rather than on the exchange.
The conflicting information suggests you should proceed with caution and conduct thorough research before depositing significant funds.
Is BingX A Safe & Legal To Use?
BingX is a legitimate cryptocurrency exchange established in 2018. With over a million users globally, it has built a reputation as a trusted platform for crypto trading.
Security is a top priority at BingX. The platform implements several protective measures including:
- Two-factor authentication (2FA)
- Proof of reserve
- Fund password for withdrawals
- Address whitelisting
- Encrypted transactions
However, some users have reported security concerns. There have been instances of phishing attacks and unauthorized transactions according to search results.
BingX operates legally in many regions as a crypto social trading platform. It offers both spot and derivatives trading services to its users.
When using BingX, you should enable all available security features to protect your account. Setting up 2FA, using a strong password, and being cautious of phishing attempts will help keep your funds safe.
The platform continues to develop its security protocols to address user concerns. Regular security audits help maintain the integrity of the exchange.
You should always do your own research before using any cryptocurrency exchange. Consider your specific needs and risk tolerance when deciding if BingX is right for you.
Frequently Asked Questions
Here are answers to common questions about DigiFinex and BingX exchanges to help you make an informed decision. These platforms have distinct features, user experiences, and regional availability that may impact your trading choices.
Which exchange has better user reviews, DigiFinex or BingX?
DigiFinex has gathered positive feedback for its wide range of trading options and interface. Users often mention its established presence with over four million users worldwide.
BingX receives favorable reviews specifically for its user experience and inclusive financial services. Many users appreciate BingX’s advanced trading tools that make cryptocurrency trading more accessible.
The overall sentiment slightly favors BingX for newer traders, while DigiFinex appeals to those seeking a more established exchange with a larger user base.
How do the trading volumes of DigiFinex and BingX compare?
DigiFinex maintains higher overall trading volumes as an established exchange with its four million global users. The platform supports diverse trading pairs that contribute to its substantial daily volume.
BingX has been growing its trading volume consistently but generally handles less volume than DigiFinex. BingX focuses on quality trading experiences rather than pure volume metrics.
Trading volume fluctuates based on market conditions, so it’s worth checking current statistics before making your decision.
What are the unique features of DigiFinex compared to BingX?
DigiFinex offers a Hong Kong-based operation with strong Asian market connections. Its platform supports a wide variety of cryptocurrencies and trading pairs not available on many other exchanges.
The exchange provides specialized trading tools designed for experienced traders. DigiFinex has built its reputation on reliability and consistent service since its founding.
DigiFinex also offers some unique token listings that aren’t available on BingX or other major exchanges.
Is BingX considered a top-tier crypto exchange?
BingX has established itself as a growing presence in the cryptocurrency exchange market. The platform offers fully-fledged trading capabilities with advanced tools for digital asset trading.
BingX stands out for its comparative advantages in user experience and inclusive financial services. While not always ranked among the absolute top exchanges like Binance or Coinbase, BingX provides competitive services.
Many traders consider BingX a solid second-tier exchange with some standout features that rival top-tier platforms.
Are there any geographical restrictions for using DigiFinex?
DigiFinex operates globally with users from many countries, but some regions may face restrictions. Specific regulatory compliance issues might limit service in certain jurisdictions.
Users from the United States and some other heavily regulated markets may encounter access limitations. Always check the current terms of service for your specific location before creating an account.
DigiFinex’s Hong Kong base means it follows particular regulatory frameworks that impact which countries it can serve.
What are the key factors to consider when choosing between DigiFinex and BingX?
Trading fees should be a primary consideration, with both exchanges offering different fee structures. DigiFinex and BingX have different withdrawal fees and trading commission schedules.
Security measures and exchange history matter when trusting a platform with your assets. DigiFinex has a longer track record, while BingX emphasizes security innovations.
Available cryptocurrencies and trading pairs vary between the platforms. Your specific trading needs will determine which exchange offers better support for your preferred assets.
User interface preferences play an important role in daily trading. BingX focuses heavily on user experience, while DigiFinex offers more advanced but potentially complex tools.
BingX Vs DigiFinex Conclusion: Why Not Use Both?
When choosing between BingX and DigiFinex, you don’t necessarily have to pick just one. Each platform offers unique benefits that could complement your trading strategy.
DigiFinex provides a comprehensive crypto ecosystem with wealth management tools and even a crypto card. It functions as a full-service exchange with various trading options.
BingX, while offering fewer tradable assets than some competitors like Binance, may have a more user-friendly interface for beginners. This makes it accessible if you’re just starting your crypto journey.
A potential concern with DigiFinex, according to some users, involves questions about their market-making practices. Some claim the exchange might engage in self-dealing rather than properly filling user orders.
You might consider using BingX for its simplicity and DigiFinex for its broader feature set. This dual approach lets you enjoy the strengths of both platforms.
Your trading needs should guide your choice. If you want more advanced tools, DigiFinex might be better. For straightforward trading with fewer complications, BingX could be your go-to.
Remember to review the fee structures of both platforms before deciding. Trading fees, withdrawal costs, and deposit methods vary and will affect your overall experience.
Always prioritize security and only invest what you can afford to lose, regardless of which platform you choose.
