Digatrade Review: Instant Bitcoin Exchange & Cryptocurrency Trading?
Digatrade is an assets exchange in which you can use cryptocurrencies. This is a company that was recently created and that provides speed and security for the process.
The company already is accessible via desktop computers but it is currently developing new platforms that will be used on mobile devices (Android and iOS).
Digitrade trades Bitcoin. The company is located in Canada and it uses matching engines to find people willing to trade Bitcoin with you. The site states that the company has a high daily volume of trades and is powered by ANX technologies. It has 24/7 hour support and its main goal is to create an environment in which the users can feel safe while trading Bitcoin easily.
One of the focus of Digatrade is having a good interface so that even the new traders will be able to use the platform. This was decided because it is aimed at people who are only starting to trade.
Also, the company always strives to offer low fees to its clients to have a high liquidity and more profits. Digatrade believes in volume, not in charging a lot for its services, as a better service is always the most profitable choice.
How To Use Digatrade?
Using this company is simple and it does not require Canadian citizenship or verification, only registration. You should notice, though, that users who are not verified will face more problems and sanctions than the ones who are verified. These include withdrawal limits and other smaller activities.
The company has recently lowered its withdrawal fees from 0.004 BTC to 0.002 BTC. Unverified users will be able to withdraw 2 BTC now and the verified ones, 20 BTC. The trading fees of the company are between 0.3% and 0.6% per transactions depending on the conditions of the process you choose to do.
How Is Security On The Digatrade Exchange?
Digatrade has developed many security measures that you should use to protect yourself. First, it has 3-factor verification. To log in you have to use your password and a new code that will be sent to you. Whenever you want to withdraw money, there will be three levels of verification. You will have to do these two steps and confirm the withdrawal on a link that will be sent to your email.
The company also 128-bit SSL encryption and it does not use the common process of MD5 hashing to encrypt passwords. It has protection against DDoS attacks and SQL injection.
Finally, the company asks its clients for Know your Customer and Anti Money Laundering practices, which are optional, but unverified users will have sanctions like not being able to withdraw so much money.
The Digatrade Verdict
This seems to be a fairly decent option for trading Bitcoin. Are there better choices? Certainly, but this one is very concerned with security, so you can be sure that you will not be hacked if you decide to use Digatrade services.