Customer Success Story: Quitting the 9-to-5 Lifestyle Thanks to Digitex 1

Customer Success Story: Quitting the 9-to-5 Lifestyle Thanks to Digitex

Digitex
Trading
• Digitex
May 7, 2021

Digitex is changing the lives of many traders around the world. For the first time, cryptocurrency enthusiasts can engage in highly active and short-term trades without being penalized by commission fees that make it impossible to make a profit. Anyone can now take single-tick profits and losses without any edge working against them. Just read about this success story from Marcus who turned his 200,000 DGTX balance into 4.6 million in six months.

Quitting the 9-to-5 Lifestyle Thanks to Digitex

One of the many traders to take advantage of Digitex‘s zero-fee trading platform is Marcus. He never wanted to work for anyone else and sought an independent lifestyle, free from the worries of living from paycheck to paycheck like many of his friends. “This cycle was something I never liked for myself and wanted to break out of it,” he says.

So he started out as his own boss and began to make a decent living in network marketing. But, eventually, that got stale for Marcus, leading him to pursue forex trading. After thousands of hours spent in online trading courses and “practice, practice, and more practice,” he was able to grow his income. But it wasn’t until 2016 that he came across the Bitcoin whitepaper, marking a turning point in his professional career. 

Keeping It Simple

By employing a simple trading strategy, Marcus quickly became profitable. His goal was to capitalize on the volatility of cryptocurrencies to hit a specific target every day and step away to spend time with his family once his target was achieved. Such a methodology allowed him to book tens of thousands of dollars in profits. 

Nowadays, Marcus spends most of his time scalping on Digitex thanks to the platform’s commission-free cryptocurrency futures and spot trading features. While Digitex offers few trading pairs compared to other larger exchanges, Marcus keeps coming back for the much higher returns he makes without wasting money on commission fees. 

He says, “It’s true that at this point you most likely have a Binance or Coinbase account, but doesn’t mean you shouldn’t have a secondary account on an exchange like Digitex. It’s really one of those rare exchanges that gives you an edge you wouldn’t have on the major exchanges, and you’ll experience just as smooth a user experience… I wouldn’t be surprised if, in the near future, Digitex ends up becoming just as big.”

Trading with Zero Fees

“Trading with zero fee really changes the way one can trade. It also allows for more mistakes which is great for beginners. If you are unsure about a position, you can scratch it very easily over and over again without paying fees for it. If you do that on other exchanges, you will see your balance go down fairly quick,” he says. 

Since November 2020, Marcus has turned 200,000 DGTX tokens into 4.6 million, worth roughly $50,600. The healthy returns have allowed him to spend more time with his wife and two kids, a luxury he described as “personal freedom.” 

Staying Disciplined

Marcus believes that one of the key factors to become a profitable trader is “practice, practice, and more practice.” Anyone willing to take up this career path must be willing to sacrifice countless hours of learning and screen time. 

Going through the 1-minute timeframe to “identify chart patterns that repeat themselves over and over again” is a common practice to “get the most learning input in a short timespan,” affirmed Marcus. But before getting there, it is imperative to study chart patterns and learn how to “identify trends, draw trendlines, spot divergences, and use the Fibonacci retracement levels.”

Finding a Trading Community

Once equipped with the right tools to read and understand price charts, Marcus believes it is critical to surround yourself with traders. The idea here is to understand what they are doing and see whether their ideas fit your personal bias. 

Sooner rather than later, traders realize that in trading, not everything is about profits. Marcus emphasizes that losses also represent valuable lessons. But when incurring a loss, one must analyze “what led to the situation.” He added that losing money is “part of the process in becoming a better trader.”

Observing the Golden Rule

Finally, to achieve success as a cryptocurrency futures trader, you must always remember the golden rule: never invest more than you can afford to lose. “When you start out trading, only use funds that you really can afford to lose. It’s important to be 100% emotion-free about trading. If one gets stressed out by being a bit in drawdown while trading, then that’s the first sign that no proper risk management was applied and/or funds used that you can’t afford to lose. Avoid that,” said Marcus. 

As you can see from Marcus’ story, becoming a winning trader isn’t easy  but it is possible. With hard work, discipline, and the right attitude, you could soon enjoy financial freedom and free yourself from the 9 to 5 as well.

If you’re interested in trading cryptocurrencies and futures, you can sign up here. On Digitex, you can buy, sell, and withdraw crypto 100% zero-fee. 

May 7, 2021
Digitex
Trading

Customer Success Story: Quitting the 9-to-5 Lifestyle Thanks to Digitex

Digitex
Customer Success Story: Quitting the 9-to-5 Lifestyle Thanks to Digitex 2

Digitex is changing the lives of many traders around the world. For the first time, cryptocurrency enthusiasts can engage in highly active and short-term trades without being penalized by commission fees that make it impossible to make a profit. Anyone can now take single-tick profits and losses without any edge working against them. Just read about this success story from Marcus who turned his 200,000 DGTX balance into 4.6 million in six months.

Quitting the 9-to-5 Lifestyle Thanks to Digitex

One of the many traders to take advantage of Digitex‘s zero-fee trading platform is Marcus. He never wanted to work for anyone else and sought an independent lifestyle, free from the worries of living from paycheck to paycheck like many of his friends. “This cycle was something I never liked for myself and wanted to break out of it,” he says.

So he started out as his own boss and began to make a decent living in network marketing. But, eventually, that got stale for Marcus, leading him to pursue forex trading. After thousands of hours spent in online trading courses and “practice, practice, and more practice,” he was able to grow his income. But it wasn’t until 2016 that he came across the Bitcoin whitepaper, marking a turning point in his professional career. 

Keeping It Simple

By employing a simple trading strategy, Marcus quickly became profitable. His goal was to capitalize on the volatility of cryptocurrencies to hit a specific target every day and step away to spend time with his family once his target was achieved. Such a methodology allowed him to book tens of thousands of dollars in profits. 

Nowadays, Marcus spends most of his time scalping on Digitex thanks to the platform’s commission-free cryptocurrency futures and spot trading features. While Digitex offers few trading pairs compared to other larger exchanges, Marcus keeps coming back for the much higher returns he makes without wasting money on commission fees. 

He says, “It’s true that at this point you most likely have a Binance or Coinbase account, but doesn’t mean you shouldn’t have a secondary account on an exchange like Digitex. It’s really one of those rare exchanges that gives you an edge you wouldn’t have on the major exchanges, and you’ll experience just as smooth a user experience… I wouldn’t be surprised if, in the near future, Digitex ends up becoming just as big.”

Trading with Zero Fees

“Trading with zero fee really changes the way one can trade. It also allows for more mistakes which is great for beginners. If you are unsure about a position, you can scratch it very easily over and over again without paying fees for it. If you do that on other exchanges, you will see your balance go down fairly quick,” he says. 

Since November 2020, Marcus has turned 200,000 DGTX tokens into 4.6 million, worth roughly $50,600. The healthy returns have allowed him to spend more time with his wife and two kids, a luxury he described as “personal freedom.” 

Staying Disciplined

Marcus believes that one of the key factors to become a profitable trader is “practice, practice, and more practice.” Anyone willing to take up this career path must be willing to sacrifice countless hours of learning and screen time. 

Going through the 1-minute timeframe to “identify chart patterns that repeat themselves over and over again” is a common practice to “get the most learning input in a short timespan,” affirmed Marcus. But before getting there, it is imperative to study chart patterns and learn how to “identify trends, draw trendlines, spot divergences, and use the Fibonacci retracement levels.”

Finding a Trading Community

Once equipped with the right tools to read and understand price charts, Marcus believes it is critical to surround yourself with traders. The idea here is to understand what they are doing and see whether their ideas fit your personal bias. 

Sooner rather than later, traders realize that in trading, not everything is about profits. Marcus emphasizes that losses also represent valuable lessons. But when incurring a loss, one must analyze “what led to the situation.” He added that losing money is “part of the process in becoming a better trader.”

Observing the Golden Rule

Finally, to achieve success as a cryptocurrency futures trader, you must always remember the golden rule: never invest more than you can afford to lose. “When you start out trading, only use funds that you really can afford to lose. It’s important to be 100% emotion-free about trading. If one gets stressed out by being a bit in drawdown while trading, then that’s the first sign that no proper risk management was applied and/or funds used that you can’t afford to lose. Avoid that,” said Marcus. 

As you can see from Marcus’ story, becoming a winning trader isn’t easy  but it is possible. With hard work, discipline, and the right attitude, you could soon enjoy financial freedom and free yourself from the 9 to 5 as well.

If you’re interested in trading cryptocurrencies and futures, you can sign up here. On Digitex, you can buy, sell, and withdraw crypto 100% zero-fee. 

Latest News

digitex

Community Feedback: How Much You Spent on Fees on Other Exchanges

Digitex
• Digitex
May 6, 2021

Digitex is the only exchange that enables high-frequency trading strategies like scalping because traders aren’t punished with commission fees like they are on every single other exchange. Saving on fees means you get to keep all your profit and, as you pointed out in our interactive contest on Twitter last week, that’s money that could be spent in many better ways (like on a Macbook, tablet, or even a nice dinner!). 

How Much You Can Save Trading on Digitex

To celebrate the launch of our new spot markets and show you how much you can save by trading on Digitex versus any other exchange, we decided to hold a giveaway. We’ve told you time and again about the benefits of trading commission-free on our exchange. But this simple competition on Twitter makes an even stronger case:

Community Feedback: How Much You Spent on Fees on Other Exchanges 3

https://twitter.com/Digitex_io/status/1387840633558257668

In the last month alone, our respondents collectively spent a massive $10,819 in commission fees on other exchanges. That’s an average of $190 each. The most that one of you spent was @rpg_ready out of pocket by an eye watering $2700 — definitely enough to cover the costs of a new computer! 

Each comment added 500 DGTX to the prize pool. We received 51 legitimate comments taking the prize pool up to 25,500 DGTX. Thanks to everyone who took part, the lucky winners are:

@sammietech – He walks away with the grand prize of 25,500 DGTX and the three friends he tagged receive 2,550 DGTX each:

@chrisgateC  

@CuitlahuacGJ 

@btsportfootball  

Congratulations to you all! Thank you for taking part and cementing our case for being the best place to trade cryptocurrency futures and spot. After all, wouldn’t you rather have the extra money to trade with, invest, or simply buy your lunch every day rather than helping exchange owners to deepen their pockets?

If you haven’t signed up for an account on Digitex yet, be sure to do so today. It’s quick, easy, and KYC-free. We even pay you to trade through our Liquidity Mining program. If you have any questions or want to find out more, either visit our socials or get in touch via our Live Chat function. 

Also, keep an eye out for our customer feedback survey results coming out next week. We have over 1,200 respondents giving us some truly great insights about our traders. Once we review all the info, we’ll be sharing it with you. 

May 6, 2021
Digitex

Community Feedback: How Much You Spent on Fees on Other Exchanges

Digitex
digitex

Digitex is the only exchange that enables high-frequency trading strategies like scalping because traders aren’t punished with commission fees like they are on every single other exchange. Saving on fees means you get to keep all your profit and, as you pointed out in our interactive contest on Twitter last week, that’s money that could be spent in many better ways (like on a Macbook, tablet, or even a nice dinner!). 

How Much You Can Save Trading on Digitex

To celebrate the launch of our new spot markets and show you how much you can save by trading on Digitex versus any other exchange, we decided to hold a giveaway. We’ve told you time and again about the benefits of trading commission-free on our exchange. But this simple competition on Twitter makes an even stronger case:

Community Feedback: How Much You Spent on Fees on Other Exchanges 4

https://twitter.com/Digitex_io/status/1387840633558257668

In the last month alone, our respondents collectively spent a massive $10,819 in commission fees on other exchanges. That’s an average of $190 each. The most that one of you spent was @rpg_ready out of pocket by an eye watering $2700 — definitely enough to cover the costs of a new computer! 

Each comment added 500 DGTX to the prize pool. We received 51 legitimate comments taking the prize pool up to 25,500 DGTX. Thanks to everyone who took part, the lucky winners are:

@sammietech – He walks away with the grand prize of 25,500 DGTX and the three friends he tagged receive 2,550 DGTX each:

@chrisgateC  

@CuitlahuacGJ 

@btsportfootball  

Congratulations to you all! Thank you for taking part and cementing our case for being the best place to trade cryptocurrency futures and spot. After all, wouldn’t you rather have the extra money to trade with, invest, or simply buy your lunch every day rather than helping exchange owners to deepen their pockets?

If you haven’t signed up for an account on Digitex yet, be sure to do so today. It’s quick, easy, and KYC-free. We even pay you to trade through our Liquidity Mining program. If you have any questions or want to find out more, either visit our socials or get in touch via our Live Chat function. 

Also, keep an eye out for our customer feedback survey results coming out next week. We have over 1,200 respondents giving us some truly great insights about our traders. Once we review all the info, we’ll be sharing it with you. 

Latest News

trading

The Pros and Cons of Crypto Investing and Trading

Trading
Cryptocurrency
• Digitex
May 5, 2021

Wondering how to capitalize on the crypto bull market’s gains?

To achieve that, you can choose between two main methods: to invest in digital assets for the long run or day trade crypto to generate short-term profits.

In this article, we will explain the main differences between the two approaches while introducing the pros and cons of each.

What Are the Pros and Cons of Long-Term Crypto Investments?

One of the easiest ways to gain exposure to the crypto market is by investing in digital assets for the long term.

With this strategy, you buy and hold cryptocurrencies for at least several months (or even multiple years) and later sell them for a profit after their prices have increased to a satisfactory level.

While the investment approach doesn’t take short-term price movements into account, it requires investors to leverage fundamental analysis, in which they carefully research digital assets to select the most promising ones.

Since crypto investing is a long-term strategy, it comes with only a few monthly or yearly trades, which can save you time as well as provide tax benefits in some jurisdictions. For the same reason, less paperwork is required to report investment-related income.

Also, it’s easier for beginners to get started as they don’t have to learn how to use various technical analysis tools and implement them into their crypto trading strategies.

Moreover, investment strategies like dollar-cost averaging (DCA) – in which one invests a fixed amount of funds in an asset at regular intervals (e.g., $100 on the first day of each month throughout a year) – can remove the extra legwork needed for attempting to time the market.

On the flip side, investing for the long-term in crypto is not suitable for making regular or a full-time income.

While crypto investment is usually considered safer than day trading, you face higher risks with this strategy if you fail to research projects properly (or if you don’t do any research).

Furthermore, while you can make a decent income in the long run with this strategy, crypto investors usually miss out on multiple short-term profit-making opportunities.

What Are the Pros and Cons of Day Trading Crypto?

Unlike investing, day trading crypto involves entering and exiting positions more frequently with the goal to generate profits on short-term price movements.

For that reason, this approach requires increased time to monitor markets, especially if you are using a high-frequency trading strategy like scalping.

On the other hand, unlike with investing, you can leverage day trading to capitalize on short-term opportunities to make profits.

And, if you are a successful trader, you can even use this strategy to generate regular, potentially full-time, revenue.

Instead of fundamental analysis, traders incorporate multiple technical analysis tools and indicators into their crypto trading strategies to study trends as well as identify and interpret signals.

For that reason, mastering day trading is often a more challenging task than learning how to invest in cryptocurrency in the long run.

Unlike investors who can just wait out short periods of volatility, traders are more affected by emotions like fear, greed, and hope, which often influence their decisions negatively.

Day trading usually involves more risks than long-term holding, so it’s crucial for traders to learn how to manage and minimize them to maintain profitable trades.

That said, with effective risk management and the ability to keep your emotions under control, day trading crypto can become a lucrative strategy to capitalize on the rising digital asset market.

On top of that, day traders can amplify their gains from successful trades by trading Bitcoin with leverage.

Invest and Trade Crypto on Digitex

Both investing and day trading are viable approaches to gain exposure to the fast-growing digital asset market.

While investment focuses on generating long-term revenue, day trading aims to capture profits from numerous short-term trades.

In addition to its Bitcoin futures exchange, the next-generation crypto trading platform Digitex has recently opened access for its users to spot markets as well.

As a result, you can now leverage both investing and day trading strategies to generate potential profits on cryptocurrencies on Digitex.

Oh, and we almost forgot to mention: since Digitex completely eliminates trading fees, you can keep 100% of your profits on the platform.

Sounds fantastic, right?

Open an account at Digitex now!

May 5, 2021
Trading
Cryptocurrency

The Pros and Cons of Crypto Investing and Trading

Digitex
trading

Wondering how to capitalize on the crypto bull market’s gains?

To achieve that, you can choose between two main methods: to invest in digital assets for the long run or day trade crypto to generate short-term profits.

In this article, we will explain the main differences between the two approaches while introducing the pros and cons of each.

What Are the Pros and Cons of Long-Term Crypto Investments?

One of the easiest ways to gain exposure to the crypto market is by investing in digital assets for the long term.

With this strategy, you buy and hold cryptocurrencies for at least several months (or even multiple years) and later sell them for a profit after their prices have increased to a satisfactory level.

While the investment approach doesn’t take short-term price movements into account, it requires investors to leverage fundamental analysis, in which they carefully research digital assets to select the most promising ones.

Since crypto investing is a long-term strategy, it comes with only a few monthly or yearly trades, which can save you time as well as provide tax benefits in some jurisdictions. For the same reason, less paperwork is required to report investment-related income.

Also, it’s easier for beginners to get started as they don’t have to learn how to use various technical analysis tools and implement them into their crypto trading strategies.

Moreover, investment strategies like dollar-cost averaging (DCA) – in which one invests a fixed amount of funds in an asset at regular intervals (e.g., $100 on the first day of each month throughout a year) – can remove the extra legwork needed for attempting to time the market.

On the flip side, investing for the long-term in crypto is not suitable for making regular or a full-time income.

While crypto investment is usually considered safer than day trading, you face higher risks with this strategy if you fail to research projects properly (or if you don’t do any research).

Furthermore, while you can make a decent income in the long run with this strategy, crypto investors usually miss out on multiple short-term profit-making opportunities.

What Are the Pros and Cons of Day Trading Crypto?

Unlike investing, day trading crypto involves entering and exiting positions more frequently with the goal to generate profits on short-term price movements.

For that reason, this approach requires increased time to monitor markets, especially if you are using a high-frequency trading strategy like scalping.

On the other hand, unlike with investing, you can leverage day trading to capitalize on short-term opportunities to make profits.

And, if you are a successful trader, you can even use this strategy to generate regular, potentially full-time, revenue.

Instead of fundamental analysis, traders incorporate multiple technical analysis tools and indicators into their crypto trading strategies to study trends as well as identify and interpret signals.

For that reason, mastering day trading is often a more challenging task than learning how to invest in cryptocurrency in the long run.

Unlike investors who can just wait out short periods of volatility, traders are more affected by emotions like fear, greed, and hope, which often influence their decisions negatively.

Day trading usually involves more risks than long-term holding, so it’s crucial for traders to learn how to manage and minimize them to maintain profitable trades.

That said, with effective risk management and the ability to keep your emotions under control, day trading crypto can become a lucrative strategy to capitalize on the rising digital asset market.

On top of that, day traders can amplify their gains from successful trades by trading Bitcoin with leverage.

Invest and Trade Crypto on Digitex

Both investing and day trading are viable approaches to gain exposure to the fast-growing digital asset market.

While investment focuses on generating long-term revenue, day trading aims to capture profits from numerous short-term trades.

In addition to its Bitcoin futures exchange, the next-generation crypto trading platform Digitex has recently opened access for its users to spot markets as well.

As a result, you can now leverage both investing and day trading strategies to generate potential profits on cryptocurrencies on Digitex.

Oh, and we almost forgot to mention: since Digitex completely eliminates trading fees, you can keep 100% of your profits on the platform.

Sounds fantastic, right?

Open an account at Digitex now!

Latest News

Want to Score Some Bonus DGTX? Complete This Survey 5

Want to Score Some Bonus DGTX? Complete This Survey

Digitex
• Digitex
May 4, 2021

Hey Digitexers, want to score some bonus DGTX while helping us to improve the user experience and make the exchange better for everyone? Simply provide your feedback by filling out this survey. It will take no more than 8-10 minutes to complete and, as a special thank you, we’ll credit your account with $20 worth of DGTX.

Your Feedback Matters

As you know, we take your feedback very seriously and have constantly improved and grown our business thanks to your suggestions and input. So, we’d really like to know what you think of the exchange, how easy it is to use, how often you trade (manual or bot), what features you love using, what’s missing, how you rate our customer service, liquidity mining program, and various other features.

Once we fully understand the areas that our users like the most and what we need to work on, we can fully prioritize our to-do list and work on the features that are most important to you. Please, be constructive with any criticism, as we genuinely want to know how we can bring you a better user experience. 

The survey should take around 10 minutes and, after completion, we will credit your account with $20 worth of DGTX within 48 hours. Please only take the survey once. This offer applies only to existing Digitex account holders with an active trading account. If users don’t have any trading volume, they will not be able to receive the DGTX reward. After all, we’re looking for honest, relevant, and useful feedback from the people who are actually using the exchange.

Many thanks in advance for your help! We’ll be sharing the results with you soon and we hope that you enjoy your bonus DGTX and use it to make some trading gains. Let us know if you have any questions about the survey or anything else in general by contacting our live support or getting in touch via socials.

May 4, 2021
Digitex

Want to Score Some Bonus DGTX? Complete This Survey

Digitex
Want to Score Some Bonus DGTX? Complete This Survey 6

Hey Digitexers, want to score some bonus DGTX while helping us to improve the user experience and make the exchange better for everyone? Simply provide your feedback by filling out this survey. It will take no more than 8-10 minutes to complete and, as a special thank you, we’ll credit your account with $20 worth of DGTX.

Your Feedback Matters

As you know, we take your feedback very seriously and have constantly improved and grown our business thanks to your suggestions and input. So, we’d really like to know what you think of the exchange, how easy it is to use, how often you trade (manual or bot), what features you love using, what’s missing, how you rate our customer service, liquidity mining program, and various other features.

Once we fully understand the areas that our users like the most and what we need to work on, we can fully prioritize our to-do list and work on the features that are most important to you. Please, be constructive with any criticism, as we genuinely want to know how we can bring you a better user experience. 

The survey should take around 10 minutes and, after completion, we will credit your account with $20 worth of DGTX within 48 hours. Please only take the survey once. This offer applies only to existing Digitex account holders with an active trading account. If users don’t have any trading volume, they will not be able to receive the DGTX reward. After all, we’re looking for honest, relevant, and useful feedback from the people who are actually using the exchange.

Many thanks in advance for your help! We’ll be sharing the results with you soon and we hope that you enjoy your bonus DGTX and use it to make some trading gains. Let us know if you have any questions about the survey or anything else in general by contacting our live support or getting in touch via socials.

Latest News

digitex

Digitex Community – Your Latest Questions Answered

Digitex
• Digitex
May 3, 2021

What a start to the week! With Ether blasting its way to a massive new all-time-high above $3K and Bitcoin making some serious moves as well, don’t miss out on the action trading commission-free on Digitex.io. But first, be sure to check out this article in which we go over all your latest feedback and answer your most burning questions. 

Q. Any news about the trading bots or partnership with existing bots?

A. Going through the community’s feedback, one of the questions that’s come up a few times is about trading bots. We know that you’re really looking forward to using our bots to enhance your zero-fee strategies, and would even like to deploy existing bots on the platform. 

Rest assured, we are developing our user-configurable bots that will be built into our platform UI and we’ll be updating you on that soon. We’re also going to make connectors for two popular bots and will be adding support for Coinrule and Bitsgap in the future.

Q. How will the rewards with other tokens be paid? 

A. We are ironing out all the details right now and will be sharing this with you later this month once we release our yield farming program.

Q. Are experts with connections and crypto history being hired? 

A. Good question! Yes, of course! In fact, if you visit the exchange and start trading, you’ll already notice how smooth and robust our technology is and, with all the programs that will be slowly getting released throughout the year, no amateur would be able to pull that off! What we’ve already built and what’s to come requires the best talent all working together. We’re proud of the team we’ve built so far and are most definitely on the right track for Digitex now. 

Q. Why do you need to mint so many tokens?

A. We understand your concerns and we plan to offset the minting by introducing new utilities that will gradually create more demand for DGTX. Please, just bear with us, as everything takes time and we have plenty more exciting plans in store for you.

Q. Digitex is not as transparent as it should be. Wallets are not public, and we don’t know what the tokens are for. How will you fix this?

A. This is a valid point. Transparency  especially for the crypto audience — is very important. We can certainly consider introducing a webpage to track all our tokens’ activities. Basically, we’re open to suggestions and are strongly in favor of doing anything to support building trust and confidence.

Q. When will the mobile app be ready?

A. Our mobile app is being developed right now with a dedicated in-house team. We’ve spent a good amount of time researching the top exchanges to understand how to give our app a competitive edge. Traditionally, exchanges require lots of tools, so the mobile version will be stripped down with a lot of those key features.

Yet, since mobile traffic is huge, the app will still give us a great opportunity to reach this audience. It’s roadmapped for this year but we don’t have a release date for you yet. Just know that when we do release it, it will be the best possible quality. 

Q. Why will you not make a stablecoin?

A. We attempted this last year as you all recall. The stablecoin is excellent in theory. But, in reality, it’s a very complex system and we were nowhere near production-ready. In order for us to release all the products and features we have roadmapped, we have realized that the key is to do one thing at a time, to ensure quality and execution.

This year, we’ve made an internal priority list, and we’ve reorganized our team. We now have a very strong team of developers and project managers to make sure we release high quality products. So to answer your question, we’ve put the stablecoin on the sideline because we have many other things that need to be done first. 

We’ve improved our UI/UX, we’ve released the spot exchange, and there’s a lot more coming… but one thing at a time! We’re definitely listening to you and we haven’t abandoned the idea, but we will reevaluate the stablecoin concept at a later date. 

That’s it for now, we hope that we’ve covered your questions here. Be sure to hit us up on our socials if not or directly on our site through our live chat function. And… don’t miss out on the wild volatility while getting paid to trade on Digitex.io. It looks set to be an interesting week!

May 3, 2021
Digitex

Digitex Community – Your Latest Questions Answered

Digitex
digitex

What a start to the week! With Ether blasting its way to a massive new all-time-high above $3K and Bitcoin making some serious moves as well, don’t miss out on the action trading commission-free on Digitex.io. But first, be sure to check out this article in which we go over all your latest feedback and answer your most burning questions. 

Q. Any news about the trading bots or partnership with existing bots?

A. Going through the community’s feedback, one of the questions that’s come up a few times is about trading bots. We know that you’re really looking forward to using our bots to enhance your zero-fee strategies, and would even like to deploy existing bots on the platform. 

Rest assured, we are developing our user-configurable bots that will be built into our platform UI and we’ll be updating you on that soon. We’re also going to make connectors for two popular bots and will be adding support for Coinrule and Bitsgap in the future.

Q. How will the rewards with other tokens be paid? 

A. We are ironing out all the details right now and will be sharing this with you later this month once we release our yield farming program.

Q. Are experts with connections and crypto history being hired? 

A. Good question! Yes, of course! In fact, if you visit the exchange and start trading, you’ll already notice how smooth and robust our technology is and, with all the programs that will be slowly getting released throughout the year, no amateur would be able to pull that off! What we’ve already built and what’s to come requires the best talent all working together. We’re proud of the team we’ve built so far and are most definitely on the right track for Digitex now. 

Q. Why do you need to mint so many tokens?

A. We understand your concerns and we plan to offset the minting by introducing new utilities that will gradually create more demand for DGTX. Please, just bear with us, as everything takes time and we have plenty more exciting plans in store for you.

Q. Digitex is not as transparent as it should be. Wallets are not public, and we don’t know what the tokens are for. How will you fix this?

A. This is a valid point. Transparency  especially for the crypto audience — is very important. We can certainly consider introducing a webpage to track all our tokens’ activities. Basically, we’re open to suggestions and are strongly in favor of doing anything to support building trust and confidence.

Q. When will the mobile app be ready?

A. Our mobile app is being developed right now with a dedicated in-house team. We’ve spent a good amount of time researching the top exchanges to understand how to give our app a competitive edge. Traditionally, exchanges require lots of tools, so the mobile version will be stripped down with a lot of those key features.

Yet, since mobile traffic is huge, the app will still give us a great opportunity to reach this audience. It’s roadmapped for this year but we don’t have a release date for you yet. Just know that when we do release it, it will be the best possible quality. 

Q. Why will you not make a stablecoin?

A. We attempted this last year as you all recall. The stablecoin is excellent in theory. But, in reality, it’s a very complex system and we were nowhere near production-ready. In order for us to release all the products and features we have roadmapped, we have realized that the key is to do one thing at a time, to ensure quality and execution.

This year, we’ve made an internal priority list, and we’ve reorganized our team. We now have a very strong team of developers and project managers to make sure we release high quality products. So to answer your question, we’ve put the stablecoin on the sideline because we have many other things that need to be done first. 

We’ve improved our UI/UX, we’ve released the spot exchange, and there’s a lot more coming… but one thing at a time! We’re definitely listening to you and we haven’t abandoned the idea, but we will reevaluate the stablecoin concept at a later date. 

That’s it for now, we hope that we’ve covered your questions here. Be sure to hit us up on our socials if not or directly on our site through our live chat function. And… don’t miss out on the wild volatility while getting paid to trade on Digitex.io. It looks set to be an interesting week!

Latest News

4 Ways to Benefit From Zero-Fee Spot Trading on Digitex 7

4 Ways to Benefit From Zero-Fee Spot Trading on Digitex

Digitex
Trading
• Digitex
April 30, 2021

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?

Create an account to trade crypto with zero fees on the Digitex spot exchange!

 

April 30, 2021
Digitex
Trading

4 Ways to Benefit From Zero-Fee Spot Trading on Digitex

Digitex
4 Ways to Benefit From Zero-Fee Spot Trading on Digitex 8

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?

Create an account to trade crypto with zero fees on the Digitex spot exchange!

 

Latest News

dgtx

Update for DGTX HODLers

Digitex
• Digitex
April 29, 2021

The first month of Q2 is coming to an end already and it’s been a year of positive growth for Digitex so far. We’ve built out our team, released some key improvements to the UI and functionality of the exchange, launched our popular Liquidity Mining program that pays you to trade, and rolled out our commission-free spot markets with six trading pairs. Find out what else we’ve been doing and what you can expect from the rest of the quarter here.

Improvements to the Spot Markets

We’re super excited about the launch of the Digitex spot markets. It marks a huge milestone for us as an exchange, making it far easier to buy and sell DGTX and onboard new users, who no longer have to go to a third-party to convert their crypto.

Digitex.io also provides an optimized experience for traders on the exchange who can now trade between futures and spot cryptocurrencies with easy navigation all from one universal wallet. And they can quickly convert their DGTX to stablecoin USDC if they wish to avoid DGTX volatility. 

On top of that, we’re still the only exchange to offer users no fees of any kind. This includes withdrawal fees that every other fee-charging exchange on the market extracts from their users. This means that you can place as many transactions as you want with us and withdraw your funds keeping 100% of your profit. It’s your hard-earned money, you shouldn’t have to watch it being chipped away at by percentages, fees, and rent-seeking intermediaries.

We’re just getting started with our spot markets as well, and are continuously testing and improving the overall user experience so that, in the coming months, we can start to actively list popular trending tokens. This will not only benefit our community members who want to trade their favorite cryptos zero-fee but it will open Digitex up to many new cryptocurrency users as well. Watch out for our first listing coming this quarter. 

Also, keep in mind that all new markets will provide liquidity mining rewards to users to build liquidity and keep the spreads tight, and the cryptocurrency projects will be able to pay liquidity mining rewards in their own token (not DGTX). As the only exchange to use a trading ladder interface on our futures markets, we will also be bringing users the same experience trading spot. They will soon be able to choose from a one-click trading ladder interface or a traditional layout.

Marketing

We kicked off our marketing campaign this month and we’re actively promoting across dozens of channels in partnership with many popular influencers. We’re pleased to say that this is really paying off and we’re getting a healthy amount of new users registering to the exchange this month. 

Update for DGTX HODLers 9

In fact, we currently have over 3,500 new users in the last two weeks from different countries all over the world. We’re actively getting around 150 to 300+ new users registering daily, which is a good sign of stable growth and reflects the efforts that we’re putting in.

Update for DGTX HODLers 10

Keep in mind, DGTX is designed as a utility token for zero-fee trading, so our primary efforts are focused on getting new users to the exchange – and getting them to trade or stake DGTX.

Yield Farming Program

Talking of staking, in addition to actively getting new users and working on new listings for the spot markets, we have a yield farming program coming out next month. We think that this is going to be really popular among DGTX HODLers and new users as it’s designed for other cryptocurrencies listed on the Digitex exchange. Users will be able to stake DGTX to earn back cryptocurrencies partnered with our exchange. As more and more cryptocurrencies list on our spot market and put tokens into our yield farming program, demand for DGTX will therefore steadily increase.

With the whole phenomenon of yield farming gaining so much traction, it’s clear that crypto participants want to make their money work for them and earn a passive income on their funds. With our yield farming program, they will be able to easily buy DGTX and deposit it to earn passive income at attractive rates. We’ll be releasing more details on this soon.

Growing the Team

Update for DGTX HODLers 11

As well as actively working to market our existing products and introduce new features to create more new demand for DGTX and new users to the exchange, we’ve been actively growing our team. We’re now 50-person strong here in Kyiv alone! Made up of developers, creatives, and marketers – and we also have plenty of other talented contributors dotted around the globe. 

As always, we appreciate your ongoing support. We’ve made really great progress this year and there is still so much more to come. A big thank you from the Digitex team here at the Kyiv HQ and stay tuned for the next releases coming soon.

April 29, 2021
Digitex

Update for DGTX HODLers

Digitex
dgtx

The first month of Q2 is coming to an end already and it’s been a year of positive growth for Digitex so far. We’ve built out our team, released some key improvements to the UI and functionality of the exchange, launched our popular Liquidity Mining program that pays you to trade, and rolled out our commission-free spot markets with six trading pairs. Find out what else we’ve been doing and what you can expect from the rest of the quarter here.

Improvements to the Spot Markets

We’re super excited about the launch of the Digitex spot markets. It marks a huge milestone for us as an exchange, making it far easier to buy and sell DGTX and onboard new users, who no longer have to go to a third-party to convert their crypto.

Digitex.io also provides an optimized experience for traders on the exchange who can now trade between futures and spot cryptocurrencies with easy navigation all from one universal wallet. And they can quickly convert their DGTX to stablecoin USDC if they wish to avoid DGTX volatility. 

On top of that, we’re still the only exchange to offer users no fees of any kind. This includes withdrawal fees that every other fee-charging exchange on the market extracts from their users. This means that you can place as many transactions as you want with us and withdraw your funds keeping 100% of your profit. It’s your hard-earned money, you shouldn’t have to watch it being chipped away at by percentages, fees, and rent-seeking intermediaries.

We’re just getting started with our spot markets as well, and are continuously testing and improving the overall user experience so that, in the coming months, we can start to actively list popular trending tokens. This will not only benefit our community members who want to trade their favorite cryptos zero-fee but it will open Digitex up to many new cryptocurrency users as well. Watch out for our first listing coming this quarter. 

Also, keep in mind that all new markets will provide liquidity mining rewards to users to build liquidity and keep the spreads tight, and the cryptocurrency projects will be able to pay liquidity mining rewards in their own token (not DGTX). As the only exchange to use a trading ladder interface on our futures markets, we will also be bringing users the same experience trading spot. They will soon be able to choose from a one-click trading ladder interface or a traditional layout.

Marketing

We kicked off our marketing campaign this month and we’re actively promoting across dozens of channels in partnership with many popular influencers. We’re pleased to say that this is really paying off and we’re getting a healthy amount of new users registering to the exchange this month. 

Update for DGTX HODLers 12

In fact, we currently have over 3,500 new users in the last two weeks from different countries all over the world. We’re actively getting around 150 to 300+ new users registering daily, which is a good sign of stable growth and reflects the efforts that we’re putting in.

Update for DGTX HODLers 13

Keep in mind, DGTX is designed as a utility token for zero-fee trading, so our primary efforts are focused on getting new users to the exchange – and getting them to trade or stake DGTX.

Yield Farming Program

Talking of staking, in addition to actively getting new users and working on new listings for the spot markets, we have a yield farming program coming out next month. We think that this is going to be really popular among DGTX HODLers and new users as it’s designed for other cryptocurrencies listed on the Digitex exchange. Users will be able to stake DGTX to earn back cryptocurrencies partnered with our exchange. As more and more cryptocurrencies list on our spot market and put tokens into our yield farming program, demand for DGTX will therefore steadily increase.

With the whole phenomenon of yield farming gaining so much traction, it’s clear that crypto participants want to make their money work for them and earn a passive income on their funds. With our yield farming program, they will be able to easily buy DGTX and deposit it to earn passive income at attractive rates. We’ll be releasing more details on this soon.

Growing the Team

Update for DGTX HODLers 14

As well as actively working to market our existing products and introduce new features to create more new demand for DGTX and new users to the exchange, we’ve been actively growing our team. We’re now 50-person strong here in Kyiv alone! Made up of developers, creatives, and marketers – and we also have plenty of other talented contributors dotted around the globe. 

As always, we appreciate your ongoing support. We’ve made really great progress this year and there is still so much more to come. A big thank you from the Digitex team here at the Kyiv HQ and stay tuned for the next releases coming soon.

Latest News

Top 3 Crypto Arbitrage Strategies for Traders 15

Top 3 Crypto Arbitrage Strategies for Traders

Trading
• Digitex
April 28, 2021

Sometimes, the same asset is priced differently on two separate markets.

This is when arbitrage comes into play, in which traders spot such market inefficiencies and take advantage of them to make a profit on the price differences.

For example, when BTC trades at $50,000 on exchange A and at $50,200 on exchange B, arbitrageurs could purchase the digital asset on the prior platform and move it to the latter service to sell for a profit (in this case, it would result in a $200 profit for one BTC).

Unlike the traditional financial industry where such inefficiencies are hard to find nowadays, the cryptocurrency space often presents excellent arbitrage opportunities.

For that reason, we have collected the best three crypto arbitrage strategies in this article.

Let’s see them!

1. Simple Arbitrage

As its name suggests, simple arbitrage is among the easiest crypto arbitrage strategies out there and is essentially what we described in our previous example.

When you spot an opportunity, you deposit funds to the cryptocurrency exchange with the lower price, purchase the digital asset, and withdraw it to the other platform to sell it for a higher price.

Since you don’t have to perform any other trades than the ones above, this crypto arbitrage strategy can be executed quickly.

However, due to its simplicity, there is a higher chance of other arbitragers spotting and taking advantage of the same opportunity.

2. Triangular Arbitrage

Taking place either across multiple exchanges or on the same platform, triangular arbitrage aims to profit from the inefficiencies across three cryptocurrencies.

For example, an arbitrage opportunity occurs when the BTC/USDC pair is trading at 50,000 USDC, and one ETH equals 2,000 USDC, but the BTC/ETH pair is priced inefficiently at 30 ETH instead of 25 ETH.

In such a scenario, you execute the triangular arbitrage strategy with the following steps:

  1. You deposit funds to the exchange and purchase 1 BTC for 50,000 USDC.
  2. As the second step, you trade the BTC/ETH pair to convert your Bitcoin to 30 ETH.
  3. Finally, you sell the 30 ETH for 60,000 USDC.

As you can see, this opportunity would have generated you 10,000 USDC in profits with a 20% ROI on three trades. This type of opportunity is very infrequent and must be jumped upon immediately before the exchange’s algorithm quickly corrects the error.

3. Yield Arbitrage

Yield arbitrage allows traders to profit on interest rate inefficiencies between two DeFi lending or staking platforms.

Since the decentralized finance industry is quite new – yet growing at a rapid pace – it’s not unusual to spot irregularities related to interest rates or yields.

With yield arbitrage, a trader borrows funds in a stablecoin with a lower annual percentage yield (APY) for borrowing, exchange it to another stablecoin with a higher supply APY, and uses the latter cryptocurrency to lend funds to others.

An example yield arbitrage strategy goes as follows:

  1. On a DeFi lending platform, DAI’s borrowing APY is 5%, while USDC’s supply APY is 10% (both are USD-pegged stablecoins).
  2. You deposit USDC to the platform and use it as collateral to borrow DAI.
  3. After that, you exchange your DAI back to USDC.
  4. As the final step, you lend the USDC to others to make a profit on a 5% spread between the two coin’s APYs.

While this crypto arbitrage strategy can work excellently on a single or across multiple DeFi lending protocols, it is crucial to take gas fees into account, which have been notoriously high on Ethereum lately.

Closing Thoughts

When the right opportunities are identified and executed quickly, arbitrage strategies can provide lucrative profits to traders.

However, it’s important to note that the simplest opportunities are the easiest to discover. For that reason, you need to act fast before they disappear.

Furthermore, while some crypto arbitrage opportunities may seem highly profitable at first glance, other factors (e.g., excessively high trading costs or when an exchange charges a high fee for withdrawals) may decrease your earnings or even lead to losses.

For that reason, you need to take everything into account and research every opportunity extensively before executing your crypto arbitrage strategies.

April 28, 2021
Trading

Top 3 Crypto Arbitrage Strategies for Traders

Digitex
Top 3 Crypto Arbitrage Strategies for Traders 16

Sometimes, the same asset is priced differently on two separate markets.

This is when arbitrage comes into play, in which traders spot such market inefficiencies and take advantage of them to make a profit on the price differences.

For example, when BTC trades at $50,000 on exchange A and at $50,200 on exchange B, arbitrageurs could purchase the digital asset on the prior platform and move it to the latter service to sell for a profit (in this case, it would result in a $200 profit for one BTC).

Unlike the traditional financial industry where such inefficiencies are hard to find nowadays, the cryptocurrency space often presents excellent arbitrage opportunities.

For that reason, we have collected the best three crypto arbitrage strategies in this article.

Let’s see them!

1. Simple Arbitrage

As its name suggests, simple arbitrage is among the easiest crypto arbitrage strategies out there and is essentially what we described in our previous example.

When you spot an opportunity, you deposit funds to the cryptocurrency exchange with the lower price, purchase the digital asset, and withdraw it to the other platform to sell it for a higher price.

Since you don’t have to perform any other trades than the ones above, this crypto arbitrage strategy can be executed quickly.

However, due to its simplicity, there is a higher chance of other arbitragers spotting and taking advantage of the same opportunity.

2. Triangular Arbitrage

Taking place either across multiple exchanges or on the same platform, triangular arbitrage aims to profit from the inefficiencies across three cryptocurrencies.

For example, an arbitrage opportunity occurs when the BTC/USDC pair is trading at 50,000 USDC, and one ETH equals 2,000 USDC, but the BTC/ETH pair is priced inefficiently at 30 ETH instead of 25 ETH.

In such a scenario, you execute the triangular arbitrage strategy with the following steps:

  1. You deposit funds to the exchange and purchase 1 BTC for 50,000 USDC.
  2. As the second step, you trade the BTC/ETH pair to convert your Bitcoin to 30 ETH.
  3. Finally, you sell the 30 ETH for 60,000 USDC.

As you can see, this opportunity would have generated you 10,000 USDC in profits with a 20% ROI on three trades. This type of opportunity is very infrequent and must be jumped upon immediately before the exchange’s algorithm quickly corrects the error.

3. Yield Arbitrage

Yield arbitrage allows traders to profit on interest rate inefficiencies between two DeFi lending or staking platforms.

Since the decentralized finance industry is quite new – yet growing at a rapid pace – it’s not unusual to spot irregularities related to interest rates or yields.

With yield arbitrage, a trader borrows funds in a stablecoin with a lower annual percentage yield (APY) for borrowing, exchange it to another stablecoin with a higher supply APY, and uses the latter cryptocurrency to lend funds to others.

An example yield arbitrage strategy goes as follows:

  1. On a DeFi lending platform, DAI’s borrowing APY is 5%, while USDC’s supply APY is 10% (both are USD-pegged stablecoins).
  2. You deposit USDC to the platform and use it as collateral to borrow DAI.
  3. After that, you exchange your DAI back to USDC.
  4. As the final step, you lend the USDC to others to make a profit on a 5% spread between the two coin’s APYs.

While this crypto arbitrage strategy can work excellently on a single or across multiple DeFi lending protocols, it is crucial to take gas fees into account, which have been notoriously high on Ethereum lately.

Closing Thoughts

When the right opportunities are identified and executed quickly, arbitrage strategies can provide lucrative profits to traders.

However, it’s important to note that the simplest opportunities are the easiest to discover. For that reason, you need to act fast before they disappear.

Furthermore, while some crypto arbitrage opportunities may seem highly profitable at first glance, other factors (e.g., excessively high trading costs or when an exchange charges a high fee for withdrawals) may decrease your earnings or even lead to losses.

For that reason, you need to take everything into account and research every opportunity extensively before executing your crypto arbitrage strategies.

Latest News

Crypto

What Cryptocurrencies Are Available to Buy and Sell on Digitex?

Digitex
Cryptocurrency
• Digitex
April 26, 2021

Since our mainnet launch, Digitex has operated as a Bitcoin derivatives exchange allowing users to buy and sell cryptocurrency futures contracts without any trading fees.

However, as part of Digitex’s evolution, we rolled out our spot exchange last week to provide an optimized trading experience to all traders on the platform.

As a result, you can now enjoy a zero-fee crypto trading experience for digital asset pairs on both the spot and derivatives markets.

In this upgrade, we have also expanded our list with new trading pairs, which means you can now gain exposure to more digital assets on Digitex.

We have collected all the cryptocurrencies you can trade on the next-generation Digitex trading platform in this article. Check them out below.

Bitcoin (BTC)

Rank: 1st

Market capitalization: $1.059 trillion

YTD ROI: +96.45%

Launched in 2009 by the anonymous Satoshi Nakamoto, Bitcoin is the first cryptocurrency ever created and also the largest by market cap.

Created in the aftermath of the 2007-2008 financial crisis, Bitcoin features a peer-to-peer (P2P) electronic cash system that allows users to hold, receive, and send cryptocurrency without any intermediaries, according to the original BTC whitepaper.

That said, due to its limited supply and the deflationary mechanism that cuts the newly mined BTC supply in half every four years, Bitcoin also serves as an excellent store of value.

On Digitex, you can gain exposure to both spot market and Bitcoin derivatives trading pairs:

  • DGTX/BTC (spot)
  • ETH/BTC (spot)
  • BTC/USDC (spot)
  • BTC/USD (futures)

Ethereum (ETH)

Rank: 2nd

Market capitalization: $257 billion

YTD ROI: +201.87%

Launched in July 2015, Ethereum has introduced smart contracts – self-executing digital agreements between two or more parties – to the digital asset industry.

As a result, developers can program, deploy, and run their own decentralized applications (DApps) as well as create tokens and launch Initial Coin Offerings (ICOs) on top of the Ethereum blockchain.

For these reasons, Ethereum has been among the most active blockchain networks on the market that facilitated the ICO, decentralized finance (DeFi), and non-fungible token (NFT) booms.

You can trade ETH via the following trading pairs on Digitex:

  • DGTX/ETH (spot)
  • ETH/BTC (spot)
  • ETH/USDC (spot)
  • ETH/USD (futures)

USDC

Rank: 15th

Market capitalization: $11.3 billion

USDC is a stablecoin with a 1:1 peg to the USD’s value.

For that reason, while non-stablecoin cryptocurrencies often experience high levels of volatility with extreme price swings, USDC is able to maintain a relatively stable value.

This allows USDC to retain most of the benefits of cryptocurrencies – such as P2P transfers, cost-efficient fees, and fast transactions – while offering users the ability to trade digital asset pairs without exchanging their funds into fiat currencies.

Launched as the project of the global technology firm Circle, USDC quickly became the second-largest stablecoin by market capitalization just after Tether (USDT).

Digitex offers users the following USDC-based trading pairs on its platform:

  • DGTX/USDC (spot)
  • BTC/USDC (spot)
  • ETH/USDC (spot)

DGTX

Rank: 883rd

Market capitalization: $16.4 million

YTD ROI: +63.28%

DGTX is the native exchange token of the revolutionary crypto trading platform Digitex.

Since raising $5.2 million in 17 minutes during the Digitex token sale in January 2018, DGTX has played a vital role in our ecosystem.

DGTX is the cryptocurrency that allows our users to benefit from zero-fee crypto trading while powering the Digitex liquidity mining and DGTX rewards programs, which both offer traders new ways to earn crypto.

Thanks to our new spot exchange, you can now buy and sell DGTX without using third-party services. We offer traders the following DGTX trading pairs on Digitex:

  • DGTX/BTC (spot)
  • DGTX/ETH (spot)
  • DGTX/USDC (spot)

Enjoy Commission-Free Crypto Trading on Digitex

By introducing our new spot exchange, Digitex users can now trade an increased number of cryptocurrency pairs without any fees.

In addition to the ones currently offered on the exchange platform, we will be gradually adding new trading pairs based on demand and user feedback.

In the meantime, be sure to test your crypto trading strategies on the Digitex spot market.

And don’t forget to grab some DGTX instantly for USDC, ETH, or BTC via our digital asset exchange platform.

April 26, 2021
Digitex
Cryptocurrency

What Cryptocurrencies Are Available to Buy and Sell on Digitex?

Digitex
Crypto

Since our mainnet launch, Digitex has operated as a Bitcoin derivatives exchange allowing users to buy and sell cryptocurrency futures contracts without any trading fees.

However, as part of Digitex’s evolution, we rolled out our spot exchange last week to provide an optimized trading experience to all traders on the platform.

As a result, you can now enjoy a zero-fee crypto trading experience for digital asset pairs on both the spot and derivatives markets.

In this upgrade, we have also expanded our list with new trading pairs, which means you can now gain exposure to more digital assets on Digitex.

We have collected all the cryptocurrencies you can trade on the next-generation Digitex trading platform in this article. Check them out below.

Bitcoin (BTC)

Rank: 1st

Market capitalization: $1.059 trillion

YTD ROI: +96.45%

Launched in 2009 by the anonymous Satoshi Nakamoto, Bitcoin is the first cryptocurrency ever created and also the largest by market cap.

Created in the aftermath of the 2007-2008 financial crisis, Bitcoin features a peer-to-peer (P2P) electronic cash system that allows users to hold, receive, and send cryptocurrency without any intermediaries, according to the original BTC whitepaper.

That said, due to its limited supply and the deflationary mechanism that cuts the newly mined BTC supply in half every four years, Bitcoin also serves as an excellent store of value.

On Digitex, you can gain exposure to both spot market and Bitcoin derivatives trading pairs:

  • DGTX/BTC (spot)
  • ETH/BTC (spot)
  • BTC/USDC (spot)
  • BTC/USD (futures)

Ethereum (ETH)

Rank: 2nd

Market capitalization: $257 billion

YTD ROI: +201.87%

Launched in July 2015, Ethereum has introduced smart contracts – self-executing digital agreements between two or more parties – to the digital asset industry.

As a result, developers can program, deploy, and run their own decentralized applications (DApps) as well as create tokens and launch Initial Coin Offerings (ICOs) on top of the Ethereum blockchain.

For these reasons, Ethereum has been among the most active blockchain networks on the market that facilitated the ICO, decentralized finance (DeFi), and non-fungible token (NFT) booms.

You can trade ETH via the following trading pairs on Digitex:

  • DGTX/ETH (spot)
  • ETH/BTC (spot)
  • ETH/USDC (spot)
  • ETH/USD (futures)

USDC

Rank: 15th

Market capitalization: $11.3 billion

USDC is a stablecoin with a 1:1 peg to the USD’s value.

For that reason, while non-stablecoin cryptocurrencies often experience high levels of volatility with extreme price swings, USDC is able to maintain a relatively stable value.

This allows USDC to retain most of the benefits of cryptocurrencies – such as P2P transfers, cost-efficient fees, and fast transactions – while offering users the ability to trade digital asset pairs without exchanging their funds into fiat currencies.

Launched as the project of the global technology firm Circle, USDC quickly became the second-largest stablecoin by market capitalization just after Tether (USDT).

Digitex offers users the following USDC-based trading pairs on its platform:

  • DGTX/USDC (spot)
  • BTC/USDC (spot)
  • ETH/USDC (spot)

DGTX

Rank: 883rd

Market capitalization: $16.4 million

YTD ROI: +63.28%

DGTX is the native exchange token of the revolutionary crypto trading platform Digitex.

Since raising $5.2 million in 17 minutes during the Digitex token sale in January 2018, DGTX has played a vital role in our ecosystem.

DGTX is the cryptocurrency that allows our users to benefit from zero-fee crypto trading while powering the Digitex liquidity mining and DGTX rewards programs, which both offer traders new ways to earn crypto.

Thanks to our new spot exchange, you can now buy and sell DGTX without using third-party services. We offer traders the following DGTX trading pairs on Digitex:

  • DGTX/BTC (spot)
  • DGTX/ETH (spot)
  • DGTX/USDC (spot)

Enjoy Commission-Free Crypto Trading on Digitex

By introducing our new spot exchange, Digitex users can now trade an increased number of cryptocurrency pairs without any fees.

In addition to the ones currently offered on the exchange platform, we will be gradually adding new trading pairs based on demand and user feedback.

In the meantime, be sure to test your crypto trading strategies on the Digitex spot market.

And don’t forget to grab some DGTX instantly for USDC, ETH, or BTC via our digital asset exchange platform.

Latest News

How Does Zero-Fee Crypto Trading Impact Your ROI? 17

How Does Zero-Fee Crypto Trading Impact Your ROI?

Trading
• Digitex

Nearly all cryptocurrency exchanges on the market charge fees for each trade on their platform to keep their business profitable.

While it’s a viable business model used by many brokers in the traditional finance industry, trading costs hurt the profitability of traders even when they seem very low.

For that reason, the next-generation cryptocurrency exchange Digitex has entirely eliminated trading costs on its platform to offer a zero-fee experience for its traders both on the spot and Bitcoin derivatives markets.

In this article, we will show how zero-fee trading impacts our users’ ROI.

More Profits Per Trade

All types of trading fees – such as spreads and commissions – take away a portion of your hard-earned profits.

For example, suppose a cryptocurrency exchange charges 0.15% per trade. In that case, it will take 0.15% from your initial amount when you open a trade, and you will pay another 0.15% after the value your order gets filled at when exiting your position.

While the initial 0.15% hurts your chances of winning trades (more on this later), the second fee takes away a part of your profits (or increases your losses if your ROI is in the negative).

In reality, this works out as follows:

  • You enter and exit 100 positions to trade one BTC futures contract for $1,000 each time, from which you win 60 and lose 40
  • You make a $30 profit on each of your winning trades ($1,800 in total)
  • You lose $20 on the other 40 trades ($800)

As a result, your gross profit equals $1,000. However, since the crypto exchange charges a 0.15% fee on each of your trades, your net profits will decrease to $848.50 ($1000 – $1,545 x 60 + $1.47 x 40).

While a 0.15% fee doesn’t seem like much at first, the exchange ate over 15% of your profits in the above example, which effectively decreases your ROI. Imagine if you were using leverage! That fee would also be increased proportionally as well, which is a huge chunk of your profit.

On the other hand, if you trade on Digitex with zero fees, you will keep 100% of your gains, which would save you $151.50.

Moreover, in the above example, we didn’t even take compound interest into account, which is a powerful financial technique investor legend Warren Buffet used to achieve success on the market.

By compounding interest, you continuously reinvest your trading profits to generate an even better ROI in the long run.

Increased Chances of Winning Trades

In addition to making more profits, zero-fee trading also improves your chances of scoring winning trades.

Since Digitex doesn’t impose a fee when you enter a new position (and won’t be charging any other costs at all), you will start every trade with a 50-50% chance of winning or losing.

For example, as part of your crypto trading strategy, you will exit profitable trades after Bitcoin’s price goes up 1%.

On the other hand, you place a stop-loss order for each of your positions, which will automatically get triggered after the BTC price decreases by 1%.

Say there’s always a 50% chance that the BTC price will surge by at least 1% and also a 50% chance that it will move down by a minimum of 1% with every additional 0.1% gains or losses decreasing the probability by 2%.

On a zero-fee crypto trading platform, this would look like the following:

Realized Profit and Loss (minimum) Probability
+1.1% 48%
+1% 50%
-1% 50%
-1.1% 48%

As you can see, since there are no costs involved, the trader has a real 50% chance to win or lose trades in the above example.

Now, let’s see how this would work out on a digital asset exchange where traders enter every trade with a 0.1% loss due to trading costs.

Realized Profit and Loss (minimum) Probability
+1.1% 46%
+1% 48%
+0.9% 50%
-0.9% 54%
-1% 52%
-1.1% 50%

Since you paid 0.1% to the exchange for entering the position and started with a loss, your odds of scoring a winning trade have decreased to 48%, while the chances for losing one increased to 52%.

And this leads to an even worse scenario if you use a high-frequency crypto trading strategy like scalping, where you aim to take even smaller profits than in the above examples.

Let’s say that you seek to make a profit of 0.2% while triggering a stop-loss each time your realized PnL decreases by 0.2%. Like in the above example, you would have the same 50-50% chance of winning/losing at a zero-fee platform like Digitex with scalping.

On the other hand, you would face serious losses on a crypto exchange that takes a 0.1% cut from traders:

Realized Profit and Loss (minimum) Probability
+0.2% 30%
+0.15% 40%
+0.1% 50%
-0.1% 90%
-0.15% 80%
-0.2% 70%
-0.25% 60%
-0.3% 50%

As you can see from the table above, a 0.1% trading fee would lead to only a 30% chance of winning trades.

For that reason, since the risk/reward ratio was 1:1 in our example, trading at a crypto exchange with such costs will result in serious losses with this crypto trading strategy.

Supercharge Your ROI With Zero-Fee Trading at Digitex

By now, it has become clear that zero-fee trading is an excellent way to boost your ROI on the cryptocurrency market.

Eliminating trading costs not only leads to scoring more profits on your trades but also increases your chances of winning them.

Are you ready to supercharge your ROI while enjoying a zero-fee trading experience on both the crypto spot and futures markets?

Sign up for an account at Digitex now!

April 26, 2021
Trading

How Does Zero-Fee Crypto Trading Impact Your ROI?

Digitex
How Does Zero-Fee Crypto Trading Impact Your ROI? 18

Nearly all cryptocurrency exchanges on the market charge fees for each trade on their platform to keep their business profitable.

While it’s a viable business model used by many brokers in the traditional finance industry, trading costs hurt the profitability of traders even when they seem very low.

For that reason, the next-generation cryptocurrency exchange Digitex has entirely eliminated trading costs on its platform to offer a zero-fee experience for its traders both on the spot and Bitcoin derivatives markets.

In this article, we will show how zero-fee trading impacts our users’ ROI.

More Profits Per Trade

All types of trading fees – such as spreads and commissions – take away a portion of your hard-earned profits.

For example, suppose a cryptocurrency exchange charges 0.15% per trade. In that case, it will take 0.15% from your initial amount when you open a trade, and you will pay another 0.15% after the value your order gets filled at when exiting your position.

While the initial 0.15% hurts your chances of winning trades (more on this later), the second fee takes away a part of your profits (or increases your losses if your ROI is in the negative).

In reality, this works out as follows:

  • You enter and exit 100 positions to trade one BTC futures contract for $1,000 each time, from which you win 60 and lose 40
  • You make a $30 profit on each of your winning trades ($1,800 in total)
  • You lose $20 on the other 40 trades ($800)

As a result, your gross profit equals $1,000. However, since the crypto exchange charges a 0.15% fee on each of your trades, your net profits will decrease to $848.50 ($1000 – $1,545 x 60 + $1.47 x 40).

While a 0.15% fee doesn’t seem like much at first, the exchange ate over 15% of your profits in the above example, which effectively decreases your ROI. Imagine if you were using leverage! That fee would also be increased proportionally as well, which is a huge chunk of your profit.

On the other hand, if you trade on Digitex with zero fees, you will keep 100% of your gains, which would save you $151.50.

Moreover, in the above example, we didn’t even take compound interest into account, which is a powerful financial technique investor legend Warren Buffet used to achieve success on the market.

By compounding interest, you continuously reinvest your trading profits to generate an even better ROI in the long run.

Increased Chances of Winning Trades

In addition to making more profits, zero-fee trading also improves your chances of scoring winning trades.

Since Digitex doesn’t impose a fee when you enter a new position (and won’t be charging any other costs at all), you will start every trade with a 50-50% chance of winning or losing.

For example, as part of your crypto trading strategy, you will exit profitable trades after Bitcoin’s price goes up 1%.

On the other hand, you place a stop-loss order for each of your positions, which will automatically get triggered after the BTC price decreases by 1%.

Say there’s always a 50% chance that the BTC price will surge by at least 1% and also a 50% chance that it will move down by a minimum of 1% with every additional 0.1% gains or losses decreasing the probability by 2%.

On a zero-fee crypto trading platform, this would look like the following:

Realized Profit and Loss (minimum) Probability
+1.1% 48%
+1% 50%
-1% 50%
-1.1% 48%

As you can see, since there are no costs involved, the trader has a real 50% chance to win or lose trades in the above example.

Now, let’s see how this would work out on a digital asset exchange where traders enter every trade with a 0.1% loss due to trading costs.

Realized Profit and Loss (minimum) Probability
+1.1% 46%
+1% 48%
+0.9% 50%
-0.9% 54%
-1% 52%
-1.1% 50%

Since you paid 0.1% to the exchange for entering the position and started with a loss, your odds of scoring a winning trade have decreased to 48%, while the chances for losing one increased to 52%.

And this leads to an even worse scenario if you use a high-frequency crypto trading strategy like scalping, where you aim to take even smaller profits than in the above examples.

Let’s say that you seek to make a profit of 0.2% while triggering a stop-loss each time your realized PnL decreases by 0.2%. Like in the above example, you would have the same 50-50% chance of winning/losing at a zero-fee platform like Digitex with scalping.

On the other hand, you would face serious losses on a crypto exchange that takes a 0.1% cut from traders:

Realized Profit and Loss (minimum) Probability
+0.2% 30%
+0.15% 40%
+0.1% 50%
-0.1% 90%
-0.15% 80%
-0.2% 70%
-0.25% 60%
-0.3% 50%

As you can see from the table above, a 0.1% trading fee would lead to only a 30% chance of winning trades.

For that reason, since the risk/reward ratio was 1:1 in our example, trading at a crypto exchange with such costs will result in serious losses with this crypto trading strategy.

Supercharge Your ROI With Zero-Fee Trading at Digitex

By now, it has become clear that zero-fee trading is an excellent way to boost your ROI on the cryptocurrency market.

Eliminating trading costs not only leads to scoring more profits on your trades but also increases your chances of winning them.

Are you ready to supercharge your ROI while enjoying a zero-fee trading experience on both the crypto spot and futures markets?

Sign up for an account at Digitex now!

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