Thanks to our latest upgrade on April 15, Digitex traders can enjoy a commission-free crypto trading experience on the spot market.
In this article, we outline the top four ways you can benefit from zero-fee digital asset trading on Digitex’s new spot exchange. Let’s take a look.
1. Increased Profits
Fees are among the worst enemies of traders as they take away a portion of their hard-earned profits.
For example, if an exchange charges 1.5% for crypto trades, you lose $15 when you purchase $1,000 worth of Bitcoin.
And, after you sell your BTC at $1,500 to make a profit, you will pay another $22.50 in commissions.
As a result, you make $37.50 less profits than without fees, with commissions eating up nearly 7.3% of your earnings (you would earn $515 without trading costs instead of $477.5).
This is the exact reason we have introduced zero-fee trading on both the Digitex futures and spot exchanges.
Without commissions or any other hidden costs, traders can take home 100% of their profits, which they can choose to use to multiply their earnings via compounding interest.
2. Better Chances of Winning Trades
No matter how negligible trading fees are on a crypto exchange, they will always decrease your chances of winning trades when they are present.
As you are entering every trade with a loss, the price of the asset you are holding has to climb up higher than usual to compensate for the amount trading fees took away.
While this issue becomes more significant when you trade Bitcoin with leverage on the futures market, it also has a negative impact on spot traders.
For high-frequency traders utilizing short-term crypto trading strategies like scalping, trading fees pose a great problem as they limit the opportunities traders have to quickly enter and exit trades to make quick profits.
3. Get DGTX Directly to Trade Crypto Futures
Zero-fee trading on Digitex’s Bitcoin futures exchange is achieved by denominating account balances in DGTX and using the platform’s native token to pay out profits and losses as well.
For that reason, Digitex traders have to stock up on DGTX before they can trade cryptocurrency futures on the platform.
However, for a long time, our users had to use third-party services to get the DGTX they needed for trading.
But now, with the launch of our new spot exchange, traders can purchase DGTX directly from us with zero-fee, instant transactions.
Check out this page to buy DGTX for trading Bitcoin, Ethereum, or USDC in only a few seconds.
4. Free Withdrawals
Withdrawal fees are often the caveat of many spot cryptocurrency exchanges in the industry.
While some providers offer low commissions for trading digital assets, they charge excessively high costs for withdrawing coins to other services.
As a result, even though they entered profitable positions, traders face decreased earnings or even losses due to the high costs of withdrawals.
To avoid a scenario like the above, Digitex introduced zero withdrawal fees on both its futures and spot exchanges.
This way, you are free to move your hard-earned profits and the coins you have just bought to external wallets or other services without spending a dime on transaction fees on Digitex.
Trade Crypto on the Digitex Spot Exchange With Zero Fees
With the new zero-fee Digitex spot exchange, you benefit from more profits, increased chances of winning trades, free withdrawals, as well as commission-free and instant DGTX trades.
As a result, while you don’t have to stress about fees eating up your profits, your ROI is enhanced as you keep 100% of what you have rightfully earned while trading crypto on Digitex.
Sounds amazing, right?