Digitex

6 Ways Digitex Is Bringing You an Optimized Trading Experience

Digitex Futures
• Digitex
March 29, 2021

If you’re already active on the Digitex exchange, you’ll understand the benefits of trading bitcoin (BTC) futures with zero fees using a rapid-fire trading ladder. When time is of the essence in volatile markets, being able to enter and exit a trade with a single click can mean the difference between winning and losing. And if you haven’t checked out our platform yet, here are six of the ways Digitex is bringing you an optimized trading experience.

1. Zero Fees

Digitex lets you trade bitcoin (BTC) and ether (ETH) futures with zero commissions on any trade. While an average taker fee of 0.075% may not sound like much, if you’re using 100 x leverage, that translates into a massive 7.5% of your margin–on every single trade! This is especially punishing to high-frequency traders looking to scalp single-tick profits on the smallest of price fluctuations. In fact, in most cases, it’s enough to render their strategies null and void.

At Digitex, we don’t believe in punishing our most active traders who lend the most liquidity to the exchange. Instead, we provide a zero-fee trading environment made possible by trading using our native exchange token DGTX. All account balances are denominated in DGTX and profits and losses are paid out in DGTX. This saves you from paying commissions and lets you keep 100% of your profits. Find out more about DGTX tokenomics and how we enable sustainable zero-fee trading here.

2. Highly Liquid

Focusing all the liquidity from our growing user base on our popular BTCUSD and ETHUSD markets, traders can enjoy tight bid/ask spreads and rapidly filled orders. This is further facilitated by Digitex’s Liquidity Mining program which pays out 6 million DGTX rewards monthly.

Every minute at a random time, our system takes a snapshot of the order book and pays out 140 DGTX rewards to traders based on how close their unmatched orders are to the spot price at the time. In other words, they get paid (generously!) to trade on the exchange simply by lending liquidity.

3. 24/7 Trading

Unlike trading traditional futures, the cryptocurrency markets never sleep. This means that you can trade whenever you have the time either as a hobby or as a full-time day trader. And when you need a break from the screen, Digitex has handy mechanisms in place like our improved stop-loss order that helps you automatically minimize your losses in the event of unexpected volatility.

4. P2P Trading

Trading on the Digitex Futures exchange is P2P. This creates a level playing field and a fairer marketplace as opposed to betting against the house because, unlike other exchanges, we don’t have a vested interest in you losing. 

5. API for Bot Trading

In order to maximize your gains from trading and accumulate more DGTX rewards through liquidity mining, we provide a simple API to set up bot trading. Designed to be intuitive for anyone to use (not just programmers or seasoned crypto traders), it couldn’t be easier to amplify the gains you make while trading on our platform.

6. Additional Ways to Earn Rewards

Digitex users can put their DGTX tokens to further uses apart from trading. Through our rewards program via Uniswap, they can pool their DGTX tokens and earn a high APY with 5 million DGTX paid out monthly. For our community members that are more risk-averse and prefer to HODL rather than trade, this is an excellent way to generate a sustainable passive income on their DGTX holdings.

More to Come in Quarter 2, 2021

These are just six of the ways in which Digitex differs from other exchanges in the crypto space to offer an optimized trading experience. But we’re constantly working to improve. Coming up in quarter 2, 2021, we’ll be adding commission-free spot markets to our exchange as well. 

This will make it a lot easier to buy and sell DGTX within the platform for trading and earning rewards and will help make the exchange even more liquid with a larger user base. We’ll also be kicking off our own DGTX staking program in Q2 which will give holders and traders alike an extra source of income with a highly attractive APY.

If you haven’t signed up to trade on the Digitex exchange, you can do so easily by clicking this link here. We’re sure that you’ll love crypto’s only trading ladder and zero fees, powered by our native DGTX token. And, if you have any questions at all, be sure to hit us up on any of our socials, take advantage of our Live Chat feature, or open a Support ticket today.

March 29, 2021
Digitex Futures

6 Ways Digitex Is Bringing You an Optimized Trading Experience

Digitex
Digitex

If you’re already active on the Digitex exchange, you’ll understand the benefits of trading bitcoin (BTC) futures with zero fees using a rapid-fire trading ladder. When time is of the essence in volatile markets, being able to enter and exit a trade with a single click can mean the difference between winning and losing. And if you haven’t checked out our platform yet, here are six of the ways Digitex is bringing you an optimized trading experience.

1. Zero Fees

Digitex lets you trade bitcoin (BTC) and ether (ETH) futures with zero commissions on any trade. While an average taker fee of 0.075% may not sound like much, if you’re using 100 x leverage, that translates into a massive 7.5% of your margin–on every single trade! This is especially punishing to high-frequency traders looking to scalp single-tick profits on the smallest of price fluctuations. In fact, in most cases, it’s enough to render their strategies null and void.

At Digitex, we don’t believe in punishing our most active traders who lend the most liquidity to the exchange. Instead, we provide a zero-fee trading environment made possible by trading using our native exchange token DGTX. All account balances are denominated in DGTX and profits and losses are paid out in DGTX. This saves you from paying commissions and lets you keep 100% of your profits. Find out more about DGTX tokenomics and how we enable sustainable zero-fee trading here.

2. Highly Liquid

Focusing all the liquidity from our growing user base on our popular BTCUSD and ETHUSD markets, traders can enjoy tight bid/ask spreads and rapidly filled orders. This is further facilitated by Digitex’s Liquidity Mining program which pays out 6 million DGTX rewards monthly.

Every minute at a random time, our system takes a snapshot of the order book and pays out 140 DGTX rewards to traders based on how close their unmatched orders are to the spot price at the time. In other words, they get paid (generously!) to trade on the exchange simply by lending liquidity.

3. 24/7 Trading

Unlike trading traditional futures, the cryptocurrency markets never sleep. This means that you can trade whenever you have the time either as a hobby or as a full-time day trader. And when you need a break from the screen, Digitex has handy mechanisms in place like our improved stop-loss order that helps you automatically minimize your losses in the event of unexpected volatility.

4. P2P Trading

Trading on the Digitex Futures exchange is P2P. This creates a level playing field and a fairer marketplace as opposed to betting against the house because, unlike other exchanges, we don’t have a vested interest in you losing. 

5. API for Bot Trading

In order to maximize your gains from trading and accumulate more DGTX rewards through liquidity mining, we provide a simple API to set up bot trading. Designed to be intuitive for anyone to use (not just programmers or seasoned crypto traders), it couldn’t be easier to amplify the gains you make while trading on our platform.

6. Additional Ways to Earn Rewards

Digitex users can put their DGTX tokens to further uses apart from trading. Through our rewards program via Uniswap, they can pool their DGTX tokens and earn a high APY with 5 million DGTX paid out monthly. For our community members that are more risk-averse and prefer to HODL rather than trade, this is an excellent way to generate a sustainable passive income on their DGTX holdings.

More to Come in Quarter 2, 2021

These are just six of the ways in which Digitex differs from other exchanges in the crypto space to offer an optimized trading experience. But we’re constantly working to improve. Coming up in quarter 2, 2021, we’ll be adding commission-free spot markets to our exchange as well. 

This will make it a lot easier to buy and sell DGTX within the platform for trading and earning rewards and will help make the exchange even more liquid with a larger user base. We’ll also be kicking off our own DGTX staking program in Q2 which will give holders and traders alike an extra source of income with a highly attractive APY.

If you haven’t signed up to trade on the Digitex exchange, you can do so easily by clicking this link here. We’re sure that you’ll love crypto’s only trading ladder and zero fees, powered by our native DGTX token. And, if you have any questions at all, be sure to hit us up on any of our socials, take advantage of our Live Chat feature, or open a Support ticket today.

Latest News

Friday Wrap Up - Your Questions Answered 1

Friday Wrap Up – Your Questions Answered

Digitex Futures
• Digitex
March 26, 2021

We’re approaching the end of another busy week for the crypto industry–and for Digitex in particular. On Monday, we dropped a host of upgrades on the exchange to improve the user experience and make it easier to onboard new traders. From more ways to buy DGTX to an improved user interface and awesome Liquidity Mining program that pays you to trade, we’ve tightened the spreads and doubled the number of users on the exchange. So, what’s next? 

We’ve collected your questions this week from our social channels and Support Center to find out what you think–and provide you with as many answers as possible as we move into the second quarter of 2021. Check them out.

When are bracket orders coming?

Our team is working on these and we will be incorporating bracket orders into the exchange once they’ve passed the final testing and are ready to ship.

Will there be a single click stop loss?

Yes. The team is working on it literally as we speak! We improved the current stop loss earlier this week and now the single click request has been passed on to the dev team. They really like the idea but it will require some time to design and build, so expect this to come in one of our future upgrades.

Will gold and silver return?

No, not for the time being. We want to focus all our efforts, market making, and liquidity on our flagship markets right now.

Will spot markets be next?

Yes, 100%. Launching the spot markets is our top priority.

Will there be burning at some point or more staking so selling pressure will go down?

At the current time and for the foreseeable future, we have decided that there will be no token burning. However, we do have a plan to take a significant amount of DGTX off the circulating market and we will share details with you in due course.

When will marketing start?

We have been working behind the scenes to put together an experienced marketing team that has been hashing out a killer strategy ready to execute as soon as the spot markets go live. Some of the projects they have been working on include a brand-new marketing website, retargeting ad campaigns, Telegram groups and influencer promos. Next month, after the spot markets are released, we’ll be making more noise in the press and seeking better-known influencer partnerships.

Will there be an AMA?

We can definitely host an AMA in the upcoming quarter. We’d like to focus our efforts on getting another couple of upgrades and releases out on the exchange first, and then Adam will be happy to catch up with the community personally.

Will there be a Digitex trading app?

Yes. The work has started on the Digitex trading app for both Android and iOS and we now have a small dedicated team here in the office. We will update you on the progress in due course.

Is the stablecoin still in the roadmap?

Not in the near future. We love the idea of the stablecoin, but in reality, it needs a lot more time for development and testing. 

What’s coming in the next update?

The spot market is our highest priority. That will be the next major upgrade on the exchange.

How often are the liquidity mining rewards paid out? Are they paid into the trading account or main account?

Liquidity mining rewards are paid out every minute into your trading account.

Why is the new version not mobile responsive?

We’re developing a mobile app currently. This is something that we’ve wanted to do for a long time and, as we mentioned, we now have a dedicated team working on it. In fact, if you try logging into the exchange on a mobile, you’ll find a lander that says “app coming soon.” We’ve decided that this is a more efficient use of resources than working on a mobile responsive version as it means we can get the app released sooner for trading on the go.

That’s all for now. We hope that you’re enjoying the improvements to the exchange. If you have more questions or feedback, as always, be sure to let us know. In the meantime, be sure to earn your liquidity mining rewards and get paid to trade on top of your profits.

March 26, 2021
Digitex Futures

Friday Wrap Up – Your Questions Answered

Digitex
Friday Wrap Up - Your Questions Answered 2

We’re approaching the end of another busy week for the crypto industry–and for Digitex in particular. On Monday, we dropped a host of upgrades on the exchange to improve the user experience and make it easier to onboard new traders. From more ways to buy DGTX to an improved user interface and awesome Liquidity Mining program that pays you to trade, we’ve tightened the spreads and doubled the number of users on the exchange. So, what’s next? 

We’ve collected your questions this week from our social channels and Support Center to find out what you think–and provide you with as many answers as possible as we move into the second quarter of 2021. Check them out.

When are bracket orders coming?

Our team is working on these and we will be incorporating bracket orders into the exchange once they’ve passed the final testing and are ready to ship.

Will there be a single click stop loss?

Yes. The team is working on it literally as we speak! We improved the current stop loss earlier this week and now the single click request has been passed on to the dev team. They really like the idea but it will require some time to design and build, so expect this to come in one of our future upgrades.

Will gold and silver return?

No, not for the time being. We want to focus all our efforts, market making, and liquidity on our flagship markets right now.

Will spot markets be next?

Yes, 100%. Launching the spot markets is our top priority.

Will there be burning at some point or more staking so selling pressure will go down?

At the current time and for the foreseeable future, we have decided that there will be no token burning. However, we do have a plan to take a significant amount of DGTX off the circulating market and we will share details with you in due course.

When will marketing start?

We have been working behind the scenes to put together an experienced marketing team that has been hashing out a killer strategy ready to execute as soon as the spot markets go live. Some of the projects they have been working on include a brand-new marketing website, retargeting ad campaigns, Telegram groups and influencer promos. Next month, after the spot markets are released, we’ll be making more noise in the press and seeking better-known influencer partnerships.

Will there be an AMA?

We can definitely host an AMA in the upcoming quarter. We’d like to focus our efforts on getting another couple of upgrades and releases out on the exchange first, and then Adam will be happy to catch up with the community personally.

Will there be a Digitex trading app?

Yes. The work has started on the Digitex trading app for both Android and iOS and we now have a small dedicated team here in the office. We will update you on the progress in due course.

Is the stablecoin still in the roadmap?

Not in the near future. We love the idea of the stablecoin, but in reality, it needs a lot more time for development and testing. 

What’s coming in the next update?

The spot market is our highest priority. That will be the next major upgrade on the exchange.

How often are the liquidity mining rewards paid out? Are they paid into the trading account or main account?

Liquidity mining rewards are paid out every minute into your trading account.

Why is the new version not mobile responsive?

We’re developing a mobile app currently. This is something that we’ve wanted to do for a long time and, as we mentioned, we now have a dedicated team working on it. In fact, if you try logging into the exchange on a mobile, you’ll find a lander that says “app coming soon.” We’ve decided that this is a more efficient use of resources than working on a mobile responsive version as it means we can get the app released sooner for trading on the go.

That’s all for now. We hope that you’re enjoying the improvements to the exchange. If you have more questions or feedback, as always, be sure to let us know. In the meantime, be sure to earn your liquidity mining rewards and get paid to trade on top of your profits.

Latest News

Digitex

Check Out the Improved Stop Loss Order + Other Updates at Digitex

Trading
• Digitex
March 25, 2021

Hey, Digitex community! It’s been a busy week so far and we’re continuing to listen to your feedback and make additional improvements to the exchange. Today, we’re pleased to let you know that we have upgraded our stop loss order. As some of you have been requesting this for a while now, we think you’re going to love it. Read on to find out what’s changed and for other updates at Digitex this week as well. 

As any seasoned trader knows, stop loss orders are essential for trading to minimize your losses and effectively manage your risk. With that in mind, we’ve made the Digitex stop loss order much more effective and easy to use in three simple steps:

  1. Press the Buy or Sell select button
  2. Type in the trigger price that will trigger the stop (always keep in mind that this number is based on the spot price, not the futures price)
  3. Type in the quantity
  4. Press the button “Set buy stop” or “Set sell stop”

Check Out the Improved Stop Loss Order + Other Updates at Digitex 3

What Is a Stop Loss Order and What Is it For?

For those of you who are new to trading, fear not, there are no stupid questions. A stop loss order is an order that you place to buy or sell automatically once the asset in question reaches a certain price. Effectively, this means that you can take a break from trading with the peace of mind that, in the event of high volatility or the market going against you, you are protected from suffering major losses. 

So, say, for example, that you decide you don’t want to hold your long position if Bitcoin (BTC) falls by more than $100. You simply set your stop loss order at $100 below the price you bought at. If BTC falls to this price, you will automatically sell, and curtail your losses rather than potentially suffering far greater losses.

Since it costs nothing to set up your stop loss, it allows you to trade more efficiently knowing that you’ll never be further out of pocket than your risk appetite can tolerate. It also means that you can keep your emotions out of trading. Especially when you’re new to the market, it’s easy to ride the hype and let emotions cloud your judgement. This almost always leads to delays triggering a sale, higher losses, or even liquidation.

We hope you like the improvements to the stop loss order on Digitex. If you have more requests for UX/UI upgrades and additions, please share them on any of our socials or contact our support, and we’ll review them with the internal team.

What Else Is New at Digitex?

If you’ve been trading on our platform, you’ve probably already noticed that the spreads have gotten a lot tighter, even during really volatile markets as the price of BTC and ETH have plummeted this week. This (the tight spreads, not the price tanks!) is thanks to our new Liquidity Mining program. We’re really pleased to see that its purpose is taking full effect because it means that your orders are more likely to get filled. Traded volumes on the exchange are much higher this week due to this — $128 million 24-hour traded volume on the BTC futures market, and $31 million on ETH futures market.

Another really great piece of news is that the number of active traders on the exchange has doubled this week alone–and continues to rise daily. Since this is only week one of releasing the first of many upgrades to come on Digitex, we’re taking this as a good sign of what’s to come and happy to be back on track.

Last but not least, we understand that a lot of you have questions about the internal team and workings of Digitex. We made some very important organizational and workflow changes at the start of this year that have allowed us to kick things off again at a much faster, smoother, and more efficient pace–and with a far higher standard of quality. 

This is our primary goal for the rest of the year ahead. As we approach the second quarter of 2021 already, we plan to bring you many more pleasant surprises and upgrades, so be sure to stay tuned.

March 25, 2021
Trading

Check Out the Improved Stop Loss Order + Other Updates at Digitex

Digitex
Digitex

Hey, Digitex community! It’s been a busy week so far and we’re continuing to listen to your feedback and make additional improvements to the exchange. Today, we’re pleased to let you know that we have upgraded our stop loss order. As some of you have been requesting this for a while now, we think you’re going to love it. Read on to find out what’s changed and for other updates at Digitex this week as well. 

As any seasoned trader knows, stop loss orders are essential for trading to minimize your losses and effectively manage your risk. With that in mind, we’ve made the Digitex stop loss order much more effective and easy to use in three simple steps:

  1. Press the Buy or Sell select button
  2. Type in the trigger price that will trigger the stop (always keep in mind that this number is based on the spot price, not the futures price)
  3. Type in the quantity
  4. Press the button “Set buy stop” or “Set sell stop”

Check Out the Improved Stop Loss Order + Other Updates at Digitex 4

What Is a Stop Loss Order and What Is it For?

For those of you who are new to trading, fear not, there are no stupid questions. A stop loss order is an order that you place to buy or sell automatically once the asset in question reaches a certain price. Effectively, this means that you can take a break from trading with the peace of mind that, in the event of high volatility or the market going against you, you are protected from suffering major losses. 

So, say, for example, that you decide you don’t want to hold your long position if Bitcoin (BTC) falls by more than $100. You simply set your stop loss order at $100 below the price you bought at. If BTC falls to this price, you will automatically sell, and curtail your losses rather than potentially suffering far greater losses.

Since it costs nothing to set up your stop loss, it allows you to trade more efficiently knowing that you’ll never be further out of pocket than your risk appetite can tolerate. It also means that you can keep your emotions out of trading. Especially when you’re new to the market, it’s easy to ride the hype and let emotions cloud your judgement. This almost always leads to delays triggering a sale, higher losses, or even liquidation.

We hope you like the improvements to the stop loss order on Digitex. If you have more requests for UX/UI upgrades and additions, please share them on any of our socials or contact our support, and we’ll review them with the internal team.

What Else Is New at Digitex?

If you’ve been trading on our platform, you’ve probably already noticed that the spreads have gotten a lot tighter, even during really volatile markets as the price of BTC and ETH have plummeted this week. This (the tight spreads, not the price tanks!) is thanks to our new Liquidity Mining program. We’re really pleased to see that its purpose is taking full effect because it means that your orders are more likely to get filled. Traded volumes on the exchange are much higher this week due to this — $128 million 24-hour traded volume on the BTC futures market, and $31 million on ETH futures market.

Another really great piece of news is that the number of active traders on the exchange has doubled this week alone–and continues to rise daily. Since this is only week one of releasing the first of many upgrades to come on Digitex, we’re taking this as a good sign of what’s to come and happy to be back on track.

Last but not least, we understand that a lot of you have questions about the internal team and workings of Digitex. We made some very important organizational and workflow changes at the start of this year that have allowed us to kick things off again at a much faster, smoother, and more efficient pace–and with a far higher standard of quality. 

This is our primary goal for the rest of the year ahead. As we approach the second quarter of 2021 already, we plan to bring you many more pleasant surprises and upgrades, so be sure to stay tuned.

Latest News

Liquidity Mining

Maximize Your Liquidity Mining Rewards with Bot Trading

Digitex Futures
• Digitex
March 24, 2021

Since launching our Liquidity Mining program on Digitex on Monday, we’ve been listening to your feedback and taking your comments on board. We’re really pleased with the initial response so far! One overriding point that many of you made, however, is that it is difficult to profit from the program when trading manually. We, therefore, wanted to remind you that our API is available to set up bot trading to maximize your Liquidity Mining rewards–here’s how.

How To Get Started

To get started with bot trading (which will not only maximize your Liquidity Mining rewards but also take your trading game up a gear), you’ll need to first download Python and then Protobuf. You can find more details on how to do this for Mac OS, Ubuntu, or Windows here. Once you’re good to go, you’ll need to download Digitex engine client, a library that implements a client interface to the Digitex Futures trading engine, before connecting the main API.

We have laid out the instructions step by step in an informative article on our Support Center. This helpful guide should make it easy for you to download the necessary software, troubleshoot any issues, and get started with your bot on Digitex. However, if you have any questions at all or require any assistance to install your trading bot, don’t hesitate to reach out, our support team will be happy to help. Simply hit us up on any of our socials, use the Live Chat feature, or open a support ticket.

Another Upgrade Coming Soon

Finally, we understand from your feedback, that you’re hotly anticipating the release of our zero-fee spot exchange. Please be aware that this major upgrade is coming soon. As we stated in our article at the start of the year, the Digitex roadmap still stands intact. We’ve just learned from our past mistakes that it’s better to drop the upgrades and improvements when they’re ready to ship rather than force ourselves to commit to dates that we may not be able to reach. We appreciate all your understanding, support, and patience. 

And, in the meantime, be sure to get trading on the BTC futures market now ahead of Friday’s massive $6.1 billion BTC options expiry date… the volatility surrounding the king of all cryptos looks set to be epic! 

 

March 24, 2021
Digitex Futures

Maximize Your Liquidity Mining Rewards with Bot Trading

Digitex
Liquidity Mining

Since launching our Liquidity Mining program on Digitex on Monday, we’ve been listening to your feedback and taking your comments on board. We’re really pleased with the initial response so far! One overriding point that many of you made, however, is that it is difficult to profit from the program when trading manually. We, therefore, wanted to remind you that our API is available to set up bot trading to maximize your Liquidity Mining rewards–here’s how.

How To Get Started

To get started with bot trading (which will not only maximize your Liquidity Mining rewards but also take your trading game up a gear), you’ll need to first download Python and then Protobuf. You can find more details on how to do this for Mac OS, Ubuntu, or Windows here. Once you’re good to go, you’ll need to download Digitex engine client, a library that implements a client interface to the Digitex Futures trading engine, before connecting the main API.

We have laid out the instructions step by step in an informative article on our Support Center. This helpful guide should make it easy for you to download the necessary software, troubleshoot any issues, and get started with your bot on Digitex. However, if you have any questions at all or require any assistance to install your trading bot, don’t hesitate to reach out, our support team will be happy to help. Simply hit us up on any of our socials, use the Live Chat feature, or open a support ticket.

Another Upgrade Coming Soon

Finally, we understand from your feedback, that you’re hotly anticipating the release of our zero-fee spot exchange. Please be aware that this major upgrade is coming soon. As we stated in our article at the start of the year, the Digitex roadmap still stands intact. We’ve just learned from our past mistakes that it’s better to drop the upgrades and improvements when they’re ready to ship rather than force ourselves to commit to dates that we may not be able to reach. We appreciate all your understanding, support, and patience. 

And, in the meantime, be sure to get trading on the BTC futures market now ahead of Friday’s massive $6.1 billion BTC options expiry date… the volatility surrounding the king of all cryptos looks set to be epic! 

 

Latest News