Digitalexchange.id Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange, often known as a crypto exchange, is an online marketplace that makes it easy to buy, sell, and trade different cryptocurrencies. These exchanges offer a market where users may trade cryptocurrencies for conventional fiat currencies like US Dollars, Euros, etc. or exchange one cryptocurrency for another.

Users must fill out the relevant identity verification procedures and provide personal information to register an account on the exchange.

Users who have registered can add money to their exchange account. Depending on the supported currencies by the exchange, this can be done with either cryptocurrencies or conventional fiat currencies.

Cryptocurrency buyers and sellers can place orders. Orders can be of several forms, such as market orders (which are carried out instantly at the current market price) and limit orders (which are carried out when the price reaches a particular level). On some exchanges, users can also participate in margin trading, which entails borrowing money to increase possible rewards (but also dangers).

What Is Digitalexchange.id Crypto Exchange ?

Digitalexchange.id which was founded in 2018 and launched on 28 June 2019, is a Centralized Exchange platform to buy and sell crypto assets based in Indonesia, with the aim to be The Largest Indonesian Crypto Exchange which support IDR trading pairs and IDR deposit & withdrawal. Digitalexchange.id officially registered with the Commodity Futures Trading Regulatory Agency (BAPPEBTI) with the Registration Number: 008/BAPPEBTI/CP-AK/05/2020 and registered with Ministry of Communication and Information of the Republic of Indonesia (KOMINFO) with PSE Registration Number: 000286.01/DJAI.PSE/03/2021.

Digitalexchange.id Crypto Exchange Quick Facts

How To Register At Digitalexchange.id Exchange?

To register on Digitalexchange.id, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Digitalexchange.id Exchange Supported Countries

Digitalexchange.id Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Digitalexchange.id.

How To Verify Your Digitalexchange.id Cryptocurrency Account ?

There is no mandatory verification at Digitalexchange.id , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Digitalexchange.id, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Digitalexchange.id Crypto Exchange?

There are two main options for topping up your balance on Digitalexchange.id. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Digitalexchange.id Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Digitalexchange.id Account ?

There are several steps you can take to help secure your Digitalexchange.id account and protect your funds:

1. Strong Password: For your account, use a strong, one-time password. Combine numbers, special characters, and letters (both uppercase and lowercase). Useless information like birthdays or frequent nouns should be avoided.
2. Two-Factor Authentication (2FA): Make your account two-factor authenticated. By requiring a second authentication step, which typically involves a code delivered to your mobile device or produced by an authentication app, this offers an extra degree of protection.
3. Authentication App : Use an authentication app, such as Google Authenticator or Authy, in place of SMS for two-factor authentication. Because they generate codes offline, these applications are more secure.
4. Email Security : Secure your email account because forgotten passwords are frequently recovered there. For your email account, choose a strong, one-time password, and if you can, turn on two-factor authentication.
5. Awareness of Phishing: Be wary of phishing emails, messages, and websites. To steal login credentials, cybercriminals frequently develop phony websites that resemble real exchange platforms. Verify the website’s URL a second time before entering your credentials.
6. Device security: Ensure that the most recent security patches and antivirus software are installed on all of your devices (computer, smartphone, and tablet).
7. By taking these steps, you can help protect your Digitalexchange.id account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

Digitalexchange.id Trading fees

We have not been able to find any info on this exchange’s trading fees. This is potentially a risk for you as an investor (if you do not receive info on the fees anywhere, there is a higher risk that they are high). Accordingly, we strongly urge you to make your own analysis of fees at this exchange before depositing any funds here.

Digitalexchange.id Withdrawal fees

Digitalexchange.id charges a withdrawal fee of 0.0005 BTC per BTC-withdrawal. This fee is a bit below the global industry average. The current global industry average is 0.000643 BTC per BTC-withdrawal.

Deposit Methods

In addition to depositing cryptocurrency to the platform, digitalexchange.id also lets you deposit fiat currency. However, only through wire transfer (not credit or debit card). If you need an exchange accepting credit or debit card deposits, just use our Exchange Filters and you’ll find one in no time at all.

Seeing as fiat currency deposits are at all possible at this trading platform, digitalexchange.id qualifies as an “entry-level exchange”, meaning an exchange where new crypto investors can start their journey into the exciting crypto world.

Trade On Go Digitalexchange.id Is 100% Mobile Friendly

That Go Digitalexchange.id is completely mobile-friendly is fantastic news! For traders who prefer to use their smartphones or tablets to access the platform, having a user-friendly mobile interface can considerably improve their trading experience. By enabling customers to handle their trades and investments while on the go, this level of accessibility can increase trading’s efficiency and convenience.

How To Contact Digitalexchange.id Customer Support Team?

If you need help with your Digitalexchange.id account or have any questions, you can contact Digitalexchange.id customer support through the following methods:

Check out the official website: Visit the Digitalexchange.id official website. Typically, this is where you may obtain the most reliable contact details.

Look for Contact or Support Section : Search the website’s navigation menu, footer, or other parts for a “Contact Us,” “Support,” or comparable link. Here is probably where you may discover customer service contact information.

Contact Information : Companies frequently offer customer service via their official social media platforms as well. Identify any active profiles they may have on websites like Twitter, Facebook, or LinkedIn, and check if they answer questions on those sites.

Email or Form: If you come across an email address or contact form, write a brief message outlining your problem or request. Include pertinent account details for quicker help.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Digitalexchange.id customer support can assist you efficiently.

Features Of Digitalexchange.id Crypto Exchange

Trading pairs for cryptocurrencies

Cryptocurrency exchanges often provide a range of trading pairs that let customers exchange one cryptocurrency for another. Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others could be included in these pairs.

User-Friendly Interface

A good exchange usually offers a simple and easy-to-use interface, making it simple for both new and seasoned traders to use the platform.

Security precautions

In the world of cryptocurrencies, security is essential. Many security precautions are used by reputable exchanges, including two-factor authentication (2FA), cold storage for the majority of funds, encryption, and periodic security audits.

Liquidity

In order for traders to purchase and sell cryptocurrencies without experiencing major price changes, there must be sufficient trading activity and volume on the exchange.

Fiat-Crypto Trading

A lot of exchanges allow users to buy and sell cryptocurrencies for fiat money (such as USD, EUR, etc.), enabling them to enter and exit the cryptocurrency market.

Alternatives for deposits and withdrawals

There are numerous alternatives for deposits and withdrawals, including bank transfers, credit/debit cards, and occasionally even PayPal or other payment mechanisms.

Advanced Trading Options

Advanced trading options for more seasoned traders may be provided, including limit orders, stop-loss orders, and margin trading.

Digitalexchange.id Good Or Bad Points

Digitalexchange.id is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Digitalexchange.id:

Good points:

1. User-Friendly Interface: A good digital exchange should have a simple, user-friendly interface that is simple to use and that facilitates transactions for users.
2. Variety of Cryptocurrencies: More trading and investment opportunities may be available if the exchange offers a wide range of cryptocurrencies.
3. Security Measures : Identify exchanges that prioritize security by looking for features like two-factor authentication (2FA), cold storage of cash, and recurring security audits. To safeguard your assets from hackers and unwanted access, this is essential.
4. Customer Support: If you run into problems while utilizing the platform, a quick and helpful customer support team may be crucial.
5. Regulation and compliance: Exchanges are more likely to be dependable and trustworthy if they follow pertinent legislation and compliance requirements.

Bad points:

1. Lack of Regulation: Your assets and personal information may be at danger if an exchange operates in a legal gray area or without the necessary licensing.
2. Poor Security Procedures: Exchanges that don’t take security precautions can leave you open to hacking and money theft.
3. Limited Payment Options: The exchange would not be practical for all users if it just takes a small number of payment options.
4. Unrealistic Promises: Be aware of exchanges that make extravagant returns promises or employ pushy sales techniques. Such assurances could be a sign of fraud.
5. Lack of Transparency: In the realm of finance, transparency is essential. Lack of transparency in an exchange’s operations or fees may result in unforeseen expenses.

Is Digitalexchange.id Is Safe Platform To Trade ?

Verify the platform’s compliance with applicable financial regulations and licensing in the country where it is being used. A certain measure of security and accountability may be offered via regulatory control. Look for reputable user comments, ratings, and reviews of the platform. You can get a sense of other traders’ experiences through this.

For example, Make sure the platform has robust security safeguards including two-factor authentication (2FA), cold storage for money, encryption, and frequent security audits. Any problems or worries you may have should be addressed promptly by customer care on a reliable platform.

To make sure there are no obscene or hidden fees that could reduce your trading income, review the platform’s fee structure. Trading can be more practical and productive with a user-friendly interface. Verify that the trading platform accepts the cryptocurrency you want to use.

Digitalexchange.id Conclusion

Digitalexchange.id is a reliable and user-friendly cryptocurrency exchange that provides a range of features to traders and investors. Its low trading fees, staking options, and security measures make it an attractive option for those looking to buy, sell, or hold cryptocurrencies. Additionally, its affiliate program and community engagement offer additional opportunities for users to earn rewards and connect with like-minded individuals. Whether you’re a beginner or an experienced trader, Digitalexchange.id provides the necessary tools and resources to help you succeed in the world of cryptocurrency trading.

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