A Multi-currency Digital Assets (Bitcoin) Exchange – A review to Digatrade

Digatrade is a digital asset and cryptocurrency exchange. Apart from it, it is also an Internet Financial Services Company. Their trademarked trading platform and Matching Engine bring off high volume, low latency and high throughput trading using the most advanced technologies used by major Investment Banks around the world.

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The owner Bit-X Financial Corp. launched the digital currency exchange in June 29, 2015. The company is located in Vancouver, Canada and is listed in OTC.QB under the trading symbol BITXF. It has executed an agreement to ANXPRO, a Hongkong based company which provides cryptocurrency exchange development and services. Digatrade exchange is powered by ANX technologies.

Digatrade describes themselves as Easy, Secure and Affordable trading platform for Bitcoin and other digital assets. Their mission is to raise the quality of Bitcoin exchange services and lower the obstacles to cryptocurrencies adoption by adding more ways for consumers in acquiring and using digital assets.

User Interface

Easy refers to the simplicity of their user interface yet providing users with all the details needed in buying and selling Bitcoin. Digatradde designers focuses on users feedback to ensure that they maintain an easy and preferable user experience. The platform operates 24 hours which provides an automated engine that matches orders between its members.

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Security

They are Secure because Security is the foundation of the company. They ensure that every element of their operation is designed with the best security as possible. This includes background checking, complete evaluation and monitoring of employees. They store all assets in a guarded cold storage and withdrawal requests are manually yet efficiently processed. They also focus themselves to possible and usual security threats such as phishing, social engineering and many other more.

Digatrade also provides three-factor authentication, two process user login and three verification levels for withdrawals. Login requires user’s regular password and Google Authenticator generated password.

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Fees

Digatrade aims to be an Affordable trading platform by providing the lowest fees in the market. This results to better liquidity, tighter spreads and raised potential profits.

Deposit fee is at $25 both for USD and CAD bank wire while zero fee for all cryptocurrency deposits. Withdrawing funds through USD and CAD bank wire has a fee of $25 + 0.50%. Cryptocurrency withdrawals varies but are very minimal. No other hidden or extra charges in deposits and withdrawals. However, some banks and other third party payment processors may have additional fees on wire-in or wire-out transactions.

Trading fee is charged at 0.6% on orders that are placed immediately whether they are market or limit order, on the other hand, 0.3% is charged on resting limit orders in the market prior to being filled.

Digatrade accepts the following fiat and digital currencies:

  • BTC
  • LTC
  • DOGE
  • CARAT
  • XRP
  • STR
  • CAD
  • USD
  • EUR
  • GBP

 

Also, digatrade offers instant fiat deposits through Interac (EFT), e-Check (ACH) and 3D secure Visa and Mastercard debit/credit cards with payments powered by Vogogo.

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