4 Ways to Benefit From Zero-Fee Spot Trading on Digitex 1

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 2

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

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

cryptocurrency

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange?

Digitex
• Digitex
April 23, 2021

As you may already know, we shared some awesome news last week about the launch of our new spot crypto exchange.

Introducing six new trading pairs, the spot exchange offers users the ability to buy, hold, and sell cryptocurrencies without using a third-party platform.

This also applies to the native exchange token DGTX, which you can now buy with ETH, BTC, or USDC directly on Digitex.

In this article, we will guide you through all the steps you need to take to trade cryptocurrency on the Digitex spot exchange.

How to Trade Cryptocurrency on the Digitex Spot Exchange (a Step-by-Step Guide)

Step 1: Create an Account

The first step to start trading crypto on the Digitex spot exchange is to create an account on the platform.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 3

To do that, head to the official website of the cryptocurrency exchange and click either the “Create Account” or the “Sign Up” button near the top right corner of the page.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 4

On the next page, fill in the form with your email and password as well as tick the two boxes to agree to the terms of use, and confirm that you are not a U.S. citizen.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 5

As the final step, Digitex sends a code to your email address, which you have to enter to verify your email.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 6

In exchange for confirming your identity, Digitex offers $25 in DGTX, which you can use to kickstart your trading journey on the cryptocurrency exchange. However, you need to hurry as the promotion is available only for a limited time!

In addition to KYC, we highly recommend enhancing your account’s security by turning on 2-Factor-Authentication (2FA) in the “Account” menu.

After initiating the setup, download the Google Authenticator app on your smartphone, scan the QR code, and type in the code you see on your other device where you have opened the Digitex platform.

Optionally, you can pass a super quick KYC verification by clicking the profile image icon in the top right corner of the page and heading to the “Account” menu.

Step 2: Deposit Funds

You need to deposit funds into your account to start trading on the Digitex spot exchange.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 7

To do so, click the blue “Deposit” button near the top right corner of the page.

After selecting the cryptocurrency (BTC, USDC, ETH, or DGTX), Digitex will show you an ERC-20 address where you have to deposit the digital assets.

Open your (external) crypto wallet, and either copy-paste or use your phone’s camera to scan the QR code of your Digitex address.

Upon ensuring that you send the right cryptocurrency to the correct address, select the amount to transfer, and execute the transaction.

After reaching the necessary network confirmations, your funds will be automatically credited to your Digitex account.

Step 3: Place a Trade

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 8

To start trading, head into the “Wallet” menu and click on the “Transfer” button.

Select the cryptocurrency and the amount to transfer from your main account to your trading account, and click the “Confirm” button when you are ready.

Digitex will automatically move your coins to your trading account so you can start buying and selling cryptocurrency on the platform.

As the next step, select a spot trading pair (e.g., DGTX/USDC) from the top menu.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 9

When you are on the trading page, scroll down to place either a limit or a market order to buy DGTX or any other cryptocurrency available on the Digitex spot exchange.

For market orders, choose the amount of digital assets to purchase – you also need to select the price as well as the type of the order (e.g., Good till canceled) for limit orders – and execute the trade.

Spot Exchange: Digitex’s Next Step in Evolution

Congratulations, you have made your first trade on the Digitex spot exchange!

Be sure to check out Digitex’s futures trading pairs as well to trade Ethereum and Bitcoin derivatives with zero fees and up to 100x leverage.

It’s important to mention that while you don’t need to hold DGTX on the spot exchange, you can only trade futures contracts on Digitex by owning DGTX.

However, with the new spot exchange, it’s easier than ever to buy DGTX, which you can do so now by heading to the following page.

April 23, 2021
Digitex

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange?

Digitex
cryptocurrency

As you may already know, we shared some awesome news last week about the launch of our new spot crypto exchange.

Introducing six new trading pairs, the spot exchange offers users the ability to buy, hold, and sell cryptocurrencies without using a third-party platform.

This also applies to the native exchange token DGTX, which you can now buy with ETH, BTC, or USDC directly on Digitex.

In this article, we will guide you through all the steps you need to take to trade cryptocurrency on the Digitex spot exchange.

How to Trade Cryptocurrency on the Digitex Spot Exchange (a Step-by-Step Guide)

Step 1: Create an Account

The first step to start trading crypto on the Digitex spot exchange is to create an account on the platform.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 10

To do that, head to the official website of the cryptocurrency exchange and click either the “Create Account” or the “Sign Up” button near the top right corner of the page.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 11

On the next page, fill in the form with your email and password as well as tick the two boxes to agree to the terms of use, and confirm that you are not a U.S. citizen.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 12

As the final step, Digitex sends a code to your email address, which you have to enter to verify your email.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 13

In exchange for confirming your identity, Digitex offers $25 in DGTX, which you can use to kickstart your trading journey on the cryptocurrency exchange. However, you need to hurry as the promotion is available only for a limited time!

In addition to KYC, we highly recommend enhancing your account’s security by turning on 2-Factor-Authentication (2FA) in the “Account” menu.

After initiating the setup, download the Google Authenticator app on your smartphone, scan the QR code, and type in the code you see on your other device where you have opened the Digitex platform.

Optionally, you can pass a super quick KYC verification by clicking the profile image icon in the top right corner of the page and heading to the “Account” menu.

Step 2: Deposit Funds

You need to deposit funds into your account to start trading on the Digitex spot exchange.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 14

To do so, click the blue “Deposit” button near the top right corner of the page.

After selecting the cryptocurrency (BTC, USDC, ETH, or DGTX), Digitex will show you an ERC-20 address where you have to deposit the digital assets.

Open your (external) crypto wallet, and either copy-paste or use your phone’s camera to scan the QR code of your Digitex address.

Upon ensuring that you send the right cryptocurrency to the correct address, select the amount to transfer, and execute the transaction.

After reaching the necessary network confirmations, your funds will be automatically credited to your Digitex account.

Step 3: Place a Trade

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 15

To start trading, head into the “Wallet” menu and click on the “Transfer” button.

Select the cryptocurrency and the amount to transfer from your main account to your trading account, and click the “Confirm” button when you are ready.

Digitex will automatically move your coins to your trading account so you can start buying and selling cryptocurrency on the platform.

As the next step, select a spot trading pair (e.g., DGTX/USDC) from the top menu.

How to Place a Trade on the Digitex Cryptocurrency Spot Exchange? 16

When you are on the trading page, scroll down to place either a limit or a market order to buy DGTX or any other cryptocurrency available on the Digitex spot exchange.

For market orders, choose the amount of digital assets to purchase – you also need to select the price as well as the type of the order (e.g., Good till canceled) for limit orders – and execute the trade.

Spot Exchange: Digitex’s Next Step in Evolution

Congratulations, you have made your first trade on the Digitex spot exchange!

Be sure to check out Digitex’s futures trading pairs as well to trade Ethereum and Bitcoin derivatives with zero fees and up to 100x leverage.

It’s important to mention that while you don’t need to hold DGTX on the spot exchange, you can only trade futures contracts on Digitex by owning DGTX.

However, with the new spot exchange, it’s easier than ever to buy DGTX, which you can do so now by heading to the following page.

Latest News

Digitex

Digitex.io Zero-Fee Markets by CoinCollector

Digitex
• Digitex
April 21, 2021

What’s up, Digitex community? Today we’re pleased to provide you with another awesome video from prominent Digitex trader and community member CoinCollector. In this informative look at the new spot markets, he shows you how to buy and sell DGTX, walks you through the new interface, and reminds you to take advantage of the Liquidity Mining program that pays you to trade on both our futures and spot markets. Check it out.

CoinCollector opens the video telling viewers that the Digitex spot markets are now live–and that they come with a “ton of advantages” for traders on the exchange. First of all, he says, traders can now “escape the DGTX volatility” if they wish simply and easily by instantly converting to the currency of their choice inside the platform. 

This greatly enhances the trading experience as traders no longer have to visit a third-party exchange, meaning they save time as well as fees. And, unlike any other exchange out there, withdrawals are also entirely free at the moment–on all the cryptocurrencies available. 

CoinCollector then walks us through the spot market interface and how to buy and sell DGTX for BTC, USDC, and ETH–showing us how easy and quick it is to place a trade. “As you will see, this is very very easy,” he says. “It is also very comfortable now to do, all within the same platform.”

Note that the interface for spot markets is still in a classic exchange format. We will be adding the ladder UI later on, as we detail in this Q&A blog post. But we wanted to provide our newer users with an experience they’re used to first.

Make Money through Liquidity Mining

Our Liquidity Mining program pays you while you trade for lending liquidity to our markets. You simply need to place your orders around the spot price and our system will automatically reward the traders that are the closest, randomly every minute. 

“This is a pretty cool way to make some extra income,” says CoinCollector. “We also have it going on now for the spot markets.” He then shows the full range of markets that are available to earn DGTX rewards in the program. In his next video, CoinCollector will be walking us through a step by step guide showing how to maximize your rewards through Liquidity Mining, which is currently paying out around $8,000 of DGTX every single day.

Many thanks, as always, to CoinCollector, and remember that Digitex has no withdrawal fees at all at the moment, so, be sure to take advantage by trading on Digitex.io right now.

 

April 21, 2021
Digitex

Digitex.io Zero-Fee Markets by CoinCollector

Digitex
Digitex

What’s up, Digitex community? Today we’re pleased to provide you with another awesome video from prominent Digitex trader and community member CoinCollector. In this informative look at the new spot markets, he shows you how to buy and sell DGTX, walks you through the new interface, and reminds you to take advantage of the Liquidity Mining program that pays you to trade on both our futures and spot markets. Check it out.

CoinCollector opens the video telling viewers that the Digitex spot markets are now live–and that they come with a “ton of advantages” for traders on the exchange. First of all, he says, traders can now “escape the DGTX volatility” if they wish simply and easily by instantly converting to the currency of their choice inside the platform. 

This greatly enhances the trading experience as traders no longer have to visit a third-party exchange, meaning they save time as well as fees. And, unlike any other exchange out there, withdrawals are also entirely free at the moment–on all the cryptocurrencies available. 

CoinCollector then walks us through the spot market interface and how to buy and sell DGTX for BTC, USDC, and ETH–showing us how easy and quick it is to place a trade. “As you will see, this is very very easy,” he says. “It is also very comfortable now to do, all within the same platform.”

Note that the interface for spot markets is still in a classic exchange format. We will be adding the ladder UI later on, as we detail in this Q&A blog post. But we wanted to provide our newer users with an experience they’re used to first.

Make Money through Liquidity Mining

Our Liquidity Mining program pays you while you trade for lending liquidity to our markets. You simply need to place your orders around the spot price and our system will automatically reward the traders that are the closest, randomly every minute. 

“This is a pretty cool way to make some extra income,” says CoinCollector. “We also have it going on now for the spot markets.” He then shows the full range of markets that are available to earn DGTX rewards in the program. In his next video, CoinCollector will be walking us through a step by step guide showing how to maximize your rewards through Liquidity Mining, which is currently paying out around $8,000 of DGTX every single day.

Many thanks, as always, to CoinCollector, and remember that Digitex has no withdrawal fees at all at the moment, so, be sure to take advantage by trading on Digitex.io right now.

 

Latest News

All The Ways to Use DGTX on Digitex.io + New Utilities Coming Soon 17

All The Ways to Use DGTX on Digitex.io + New Utilities Coming Soon

Digitex
• Digitex
April 20, 2021

If you’re already familiar with Digitex, you’ll know how unique we are in the business. As an exchange that’s built with our users’ interests in mind, there’s no other platform that lets futures traders execute aggressive short-term trading strategies to capitalize on even the smallest of price fluctuations. Because fee-charging exchanges render scalping strategies null and void, we facilitate commission-free trading through the use of the DGTX token. 

As the lifeblood of the exchange, DGTX is the ultimate utility token and has always been essential for trading on our platform. All traders must trade in DGTX, all account balances are denominated in DGTX, and all profits and losses are settled in our native token. And through the launch of Digitex.io, the DGTX token has been given even more use. Check out all the ways to use DGTX on our exchange–and get a sneak peek of some of our future plans to increase its utility.

  1. Trade on our Zero-fee Markets

If you’re a swing or scalp trader, there really are no better markets to trade than cryptocurrency–and there has never been a better time. With the insane volatility that bitcoin and ether are experiencing lately and as the volatile shocks shake weak hands out of the market, you can make money on Digitex.io by trading on our zero-free platform.

Whether you’re a seasoned futures trader, you’ve got a keen eye for buying the dips and selling the tops, or you simply like to buy and hold, you can now place all your trades commission free and withdraw all your funds without charge as well. 

We currently have two futures markets BTCUSD and ETHUSC with high liquidity and tight bid/ask spreads, and have added six spot trading pairs—DGTX/BTC, DGTX/ETH, ETH/BTC, BTC/USDC, ETH/USDC, DGTX/USDC. So, get started trading now and keep hold of all your profit.

  1. Earn Daily Rewards for Staking DGTX

If you’d rather put your DGTX to work for you to earn a passive income, you can earn daily DGTX rewards by staking your DGTX. Our monthly rewards are valued at $120,000 with up to 160% APY. Simply buy DGTX with zero fees through our Digitex Spot, visit Uniswap to create the DGTX/ETH pool token, connect your Metamask, and deposit your pool tokens into the DGTX Rewards wallet. It couldn’t be easier. Watch your rewards accumulate with one of the highest ROIs in the industry.

  1. Get Paid to Trade through Liquidity Mining 

Our Liquidity Mining program pays traders every minute for market-making on all our futures and spot markets–paying out over $8,000 in daily rewards. This means that, in addition to making trading gains, you can actually earn rewards every single minute.

In exchange for lending liquidity to Digitex’s markets and keeping our spread tight, we distribute up to 290 DGTX rewards proportionally every minute to those traders whose unmatched orders are the closest to the spot price at that time. This amounts to a massive 417,600 DGTX paid out daily!

What’s Coming Next?

Yesterday, we released a Q&A answering your most common questions about Digitex and our future plans. If you had a chance to check it out, you’ll know that we’re not promising launch dates anymore or trying to over-complicate plans as we move forward. But, we will be dropping regular releases every month that will all make the exchange more attractive to new users and existing ones as well.

We’re also working on ways to create more utility for the DGTX token. So, the next release you can expect to see is a staking program with DGTX that lets you earn other  cryptos on our exchange. We think this will be really popular based on community feedback and we’ll be offering some of the most favorable rates in the industry.

We’re also working really hard to roll out more futures markets later this year that are denominated in USDC and which can be traded with zero fees by staking DGTX to reduce or eliminate all trading commissions. This will add further utility to the DGTX token and we believe will attract the traders with bigger bankrolls that have so far been put off by the DGTX token’s volatility. No promises on timing for now, just know that we’re doing everything possible to make this work.

Digitex community, we’re happy to say that we’re on a good roll and our new development process is finally paying off. We appreciate all your positive and constructive feedback and we still have three quarters of the year to go… We’re going to make this happen.

April 20, 2021
Digitex

All The Ways to Use DGTX on Digitex.io + New Utilities Coming Soon

Digitex
All The Ways to Use DGTX on Digitex.io + New Utilities Coming Soon 18

If you’re already familiar with Digitex, you’ll know how unique we are in the business. As an exchange that’s built with our users’ interests in mind, there’s no other platform that lets futures traders execute aggressive short-term trading strategies to capitalize on even the smallest of price fluctuations. Because fee-charging exchanges render scalping strategies null and void, we facilitate commission-free trading through the use of the DGTX token. 

As the lifeblood of the exchange, DGTX is the ultimate utility token and has always been essential for trading on our platform. All traders must trade in DGTX, all account balances are denominated in DGTX, and all profits and losses are settled in our native token. And through the launch of Digitex.io, the DGTX token has been given even more use. Check out all the ways to use DGTX on our exchange–and get a sneak peek of some of our future plans to increase its utility.

  1. Trade on our Zero-fee Markets

If you’re a swing or scalp trader, there really are no better markets to trade than cryptocurrency–and there has never been a better time. With the insane volatility that bitcoin and ether are experiencing lately and as the volatile shocks shake weak hands out of the market, you can make money on Digitex.io by trading on our zero-free platform.

Whether you’re a seasoned futures trader, you’ve got a keen eye for buying the dips and selling the tops, or you simply like to buy and hold, you can now place all your trades commission free and withdraw all your funds without charge as well. 

We currently have two futures markets BTCUSD and ETHUSC with high liquidity and tight bid/ask spreads, and have added six spot trading pairs—DGTX/BTC, DGTX/ETH, ETH/BTC, BTC/USDC, ETH/USDC, DGTX/USDC. So, get started trading now and keep hold of all your profit.

  1. Earn Daily Rewards for Staking DGTX

If you’d rather put your DGTX to work for you to earn a passive income, you can earn daily DGTX rewards by staking your DGTX. Our monthly rewards are valued at $120,000 with up to 160% APY. Simply buy DGTX with zero fees through our Digitex Spot, visit Uniswap to create the DGTX/ETH pool token, connect your Metamask, and deposit your pool tokens into the DGTX Rewards wallet. It couldn’t be easier. Watch your rewards accumulate with one of the highest ROIs in the industry.

  1. Get Paid to Trade through Liquidity Mining 

Our Liquidity Mining program pays traders every minute for market-making on all our futures and spot markets–paying out over $8,000 in daily rewards. This means that, in addition to making trading gains, you can actually earn rewards every single minute.

In exchange for lending liquidity to Digitex’s markets and keeping our spread tight, we distribute up to 290 DGTX rewards proportionally every minute to those traders whose unmatched orders are the closest to the spot price at that time. This amounts to a massive 417,600 DGTX paid out daily!

What’s Coming Next?

Yesterday, we released a Q&A answering your most common questions about Digitex and our future plans. If you had a chance to check it out, you’ll know that we’re not promising launch dates anymore or trying to over-complicate plans as we move forward. But, we will be dropping regular releases every month that will all make the exchange more attractive to new users and existing ones as well.

We’re also working on ways to create more utility for the DGTX token. So, the next release you can expect to see is a staking program with DGTX that lets you earn other  cryptos on our exchange. We think this will be really popular based on community feedback and we’ll be offering some of the most favorable rates in the industry.

We’re also working really hard to roll out more futures markets later this year that are denominated in USDC and which can be traded with zero fees by staking DGTX to reduce or eliminate all trading commissions. This will add further utility to the DGTX token and we believe will attract the traders with bigger bankrolls that have so far been put off by the DGTX token’s volatility. No promises on timing for now, just know that we’re doing everything possible to make this work.

Digitex community, we’re happy to say that we’re on a good roll and our new development process is finally paying off. We appreciate all your positive and constructive feedback and we still have three quarters of the year to go… We’re going to make this happen.

Latest News

Will the Next Bitcoin Halving Unleash a New Crypto Bull Market? 19

Will the Next Bitcoin Halving Unleash a New Crypto Bull Market?

Crypto Industry
Digitex Futures
Trading
• Dave Reiter
February 27, 2020

With the exception of May and June, 2019 was a rather uneventful year for Bitcoin and the entire crypto universe. Bitcoin traded sideways-to-lower following its price peak on 26 June (see Chart #1 below). Although the number-one cryptocurrency has started 2020 with a bang representing a 44% rate of return so far this year, cryptocurrencies still need some type of event to serve to reestablish a new bull market. It wasn’t the launch of Bakkt, so could it be the next Bitcoin halving?

The Next Crypto Bull Market

Many traders and investors within the crypto community expected the launch of Bakkt to generate a new wave of buying pressure for BTC and other cryptocurrencies. However, buying never materialized. In fact, Bitcoin was much lower shortly afterward in comparison to the Bakkt launch date on 23 September (see Chart #2 below). 

What will it take to unleash a new crypto bull market? Has it already begun? Many cryptocurrency traders are convinced that the next Bitcoin halving in May 2020 will create a powerful new bull market. But what is the Bitcoin halving and why could it generate a new run? Let’s explore the details.

Bitcoin Halving Has a Perfect Track Record for Launching Bull Markets       

Arguably, Bitcoin’s greatest feature is the fact that Satoshi Nakamoto only created 21 million coins. There will never be more than 21 million bitcoins in circulation. It was pure “genius” for Nakamoto to strictly limit the supply of BTC. This is what separates BTC from fiat currencies. Without having a limited amount of bitcoins, cryptocurrencies would be no better than paper currencies.

BTC and other cryptos would eventually become worthless in terms of purchasing power. Of course, this is exactly what has befallen fiat currencies. Their purchasing power has slowly eroded over the course of the past several decades. By restricting the number of bitcoins, cryptocurrency investors will never have to deal with this decline in purchasing power. This is what makes cryptocurrencies an excellent store of value.

As you know, bitcoins are entered into circulation through the process of mining. Essentially, BTC mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions. Added together, these past transactions create a chain of blocks, known as a blockchain. Miners are rewarded when a new block is discovered. Currently, the reward is 12.5 BTC.

In addition to limiting the number of bitcoins to 21 million, Nakamoto made a brilliant decision to gradually reduce the mining reward as new bitcoins were added into circulation. The number of bitcoins generated per block is set to decrease geometrically, with a 50% reduction every 210,000 blocks, which should occur approximately every four years. Ultimately, this will result in a total of 21 million Bitcoins in circulation.                 

The Importance of Capping Bitcoin’s Supply

Why was Nakamoto’s decision to reduce the mining reward such a brilliant decision? Because it dramatically increases the odds of a steady increase in the price of Bitcoin well into the future. A reduction in the BTC mining reward is known as a “Bitcoin halving.” 

Whenever a halving occurs, it automatically reduces the BTC mining reward by 50%. As discussed earlier, the current Bitcoin mining reward is 12.5 bitcoins for the discovery of a new block. The next Bitcoin halving is scheduled for May 2020, when the mining reward will be cut in half to 6.25 BTC. 

What has happened to the price of BTC during previous Bitcoin halving occurrences? Let’s examine the data.

Pssst… It isn’t just Bitcoin that’s got sky’s the limit potential… If you want to get involved in the next revolution in crypto derivatives trading, you can buy our native exchange token DGTX by clicking on the button below. You’ll get an instant transaction with zero slippage buying directly from the Digitex Treasury including a 10% bonus airdropped into your account upon the mainnet launch.

BUY DGTX
BTC Price After Bitcoin Halving

The first Bitcoin halving occurred on 28 November 2012, when the mining reward was reduced to 25 bitcoins. At the time of the halving, the price of BTC was approximately $11. Over the course of the next 12 months, Bitcoin enjoyed a dramatic bull market. BTC reached a peak of $1,135 on 29 November 2013. 

This represents an amazing price increase of 10,218%. 

The next Bitcoin halving occurred on 16 July 2016. The mining reward was reduced to 12.5 bitcoins per block. What happened to the price of BTC following the reduction in the mining reward? Initially, nothing. 

In fact, for several months after the mining reward was reduced, BTC was locked in a boring trading range between $500 and $800. The trading range continued for five months, July through December 2016.

Many traders in the crypto community began to doubt whether the 2016 halving would generate a substantial rally similar to the 2012 halving. Finally, on 21 December 2016, BTC generated a bullish breakout, when the price penetrated $800. The halving rally was underway! 

Bitcoin exploded to the upside throughout the next 12 months. The final top was obtained on 18 December 2017 @ $19,862. In percentage terms, BTC enjoyed a rally of 2,847%. Please review the following table. 

Bitcoin Halving

2012 – 2016 

Halving Date         Bitcoin Price          Price Peak             Peak Date  % Increase

 

28 Nov 2012          11                           1,135                      29 Nov 2013  10,218%

 

16 Jul 2016            674                         19,862                   18 Dec 2017  2,847%

 

Source  Forbes Magazine

Will the May 2020 Bitcoin Halving Unleash a Bull Market? 

Of course, it’s impossible to predict the future direction of any speculative asset. However, based on previous Bitcoin halving occurrences, it’s fairly safe to assume that BTC will generate some type of rally following the May 2020 halving. Let’s attempt to calculate an educated guess regarding the size of the rally.

Unfortunately, we only have two previous Bitcoin halving episodes. Therefore, our data sample is very small. Let’s assume that BTC is trading near its current price of $7,400 in May 2020. Given the fact that BTC is trading at a substantially higher price compared to the 2012 halving and 2016 halving, it’s highly unlikely that Bitcoin will enjoy such a dramatic percentage price increase for the May 2020 halving.

In fact, you can see that there was a dramatic reduction in percentage gains in 2016 versus 2012. Bitcoin’s gain from the 2016 halving was 72% less than the gain from the 2012 halving.

 In an attempt to calculate a price forecast for the upcoming May 2020 halving, let’s assume that the Bitcoin halving rally will be 72% less than the 2016 halving rally. If we use these numbers in our calculation, we can conclude that BTC will enjoy a substantial gain of 797%. 

Based on a price of $7,400, Bitcoin will reach a peak of $58,978 within 12 to 18 months from May 2020. Therefore, the price peak will occur between May 2021 and November 2021.

Of course, nobody should take these forecasts too seriously. Several things can change within the crypto universe before May 2020. Additionally, there is absolutely no guarantee that Bitcoin will rally following the May 2020 halving. There is no rule which says that BTC must rally following each halving. 

However, given the fact that the BTC mining reward will be cut in half, it’s probably safe to assume that there will be at least a modest rally. Without question, it will be very exciting to watch the price of Bitcoin as we approach the May 2020 halving.

JOIN NOW

Full Disclosure: I own BTC on the spot market, BTC futures and BTC exchange-traded notes.  

 

 

February 27, 2020
Crypto Industry
Digitex Futures
Trading

Will the Next Bitcoin Halving Unleash a New Crypto Bull Market?

Dave Reiter
Will the Next Bitcoin Halving Unleash a New Crypto Bull Market? 20

With the exception of May and June, 2019 was a rather uneventful year for Bitcoin and the entire crypto universe. Bitcoin traded sideways-to-lower following its price peak on 26 June (see Chart #1 below). Although the number-one cryptocurrency has started 2020 with a bang representing a 44% rate of return so far this year, cryptocurrencies still need some type of event to serve to reestablish a new bull market. It wasn’t the launch of Bakkt, so could it be the next Bitcoin halving?

The Next Crypto Bull Market

Many traders and investors within the crypto community expected the launch of Bakkt to generate a new wave of buying pressure for BTC and other cryptocurrencies. However, buying never materialized. In fact, Bitcoin was much lower shortly afterward in comparison to the Bakkt launch date on 23 September (see Chart #2 below). 

What will it take to unleash a new crypto bull market? Has it already begun? Many cryptocurrency traders are convinced that the next Bitcoin halving in May 2020 will create a powerful new bull market. But what is the Bitcoin halving and why could it generate a new run? Let’s explore the details.

Bitcoin Halving Has a Perfect Track Record for Launching Bull Markets       

Arguably, Bitcoin’s greatest feature is the fact that Satoshi Nakamoto only created 21 million coins. There will never be more than 21 million bitcoins in circulation. It was pure “genius” for Nakamoto to strictly limit the supply of BTC. This is what separates BTC from fiat currencies. Without having a limited amount of bitcoins, cryptocurrencies would be no better than paper currencies.

BTC and other cryptos would eventually become worthless in terms of purchasing power. Of course, this is exactly what has befallen fiat currencies. Their purchasing power has slowly eroded over the course of the past several decades. By restricting the number of bitcoins, cryptocurrency investors will never have to deal with this decline in purchasing power. This is what makes cryptocurrencies an excellent store of value.

As you know, bitcoins are entered into circulation through the process of mining. Essentially, BTC mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions. Added together, these past transactions create a chain of blocks, known as a blockchain. Miners are rewarded when a new block is discovered. Currently, the reward is 12.5 BTC.

In addition to limiting the number of bitcoins to 21 million, Nakamoto made a brilliant decision to gradually reduce the mining reward as new bitcoins were added into circulation. The number of bitcoins generated per block is set to decrease geometrically, with a 50% reduction every 210,000 blocks, which should occur approximately every four years. Ultimately, this will result in a total of 21 million Bitcoins in circulation.                 

The Importance of Capping Bitcoin’s Supply

Why was Nakamoto’s decision to reduce the mining reward such a brilliant decision? Because it dramatically increases the odds of a steady increase in the price of Bitcoin well into the future. A reduction in the BTC mining reward is known as a “Bitcoin halving.” 

Whenever a halving occurs, it automatically reduces the BTC mining reward by 50%. As discussed earlier, the current Bitcoin mining reward is 12.5 bitcoins for the discovery of a new block. The next Bitcoin halving is scheduled for May 2020, when the mining reward will be cut in half to 6.25 BTC. 

What has happened to the price of BTC during previous Bitcoin halving occurrences? Let’s examine the data.

Pssst… It isn’t just Bitcoin that’s got sky’s the limit potential… If you want to get involved in the next revolution in crypto derivatives trading, you can buy our native exchange token DGTX by clicking on the button below. You’ll get an instant transaction with zero slippage buying directly from the Digitex Treasury including a 10% bonus airdropped into your account upon the mainnet launch.

BUY DGTX
BTC Price After Bitcoin Halving

The first Bitcoin halving occurred on 28 November 2012, when the mining reward was reduced to 25 bitcoins. At the time of the halving, the price of BTC was approximately $11. Over the course of the next 12 months, Bitcoin enjoyed a dramatic bull market. BTC reached a peak of $1,135 on 29 November 2013. 

This represents an amazing price increase of 10,218%. 

The next Bitcoin halving occurred on 16 July 2016. The mining reward was reduced to 12.5 bitcoins per block. What happened to the price of BTC following the reduction in the mining reward? Initially, nothing. 

In fact, for several months after the mining reward was reduced, BTC was locked in a boring trading range between $500 and $800. The trading range continued for five months, July through December 2016.

Many traders in the crypto community began to doubt whether the 2016 halving would generate a substantial rally similar to the 2012 halving. Finally, on 21 December 2016, BTC generated a bullish breakout, when the price penetrated $800. The halving rally was underway! 

Bitcoin exploded to the upside throughout the next 12 months. The final top was obtained on 18 December 2017 @ $19,862. In percentage terms, BTC enjoyed a rally of 2,847%. Please review the following table. 

Bitcoin Halving

2012 – 2016 

Halving Date         Bitcoin Price          Price Peak             Peak Date  % Increase

 

28 Nov 2012          11                           1,135                      29 Nov 2013  10,218%

 

16 Jul 2016            674                         19,862                   18 Dec 2017  2,847%

 

Source  Forbes Magazine

Will the May 2020 Bitcoin Halving Unleash a Bull Market? 

Of course, it’s impossible to predict the future direction of any speculative asset. However, based on previous Bitcoin halving occurrences, it’s fairly safe to assume that BTC will generate some type of rally following the May 2020 halving. Let’s attempt to calculate an educated guess regarding the size of the rally.

Unfortunately, we only have two previous Bitcoin halving episodes. Therefore, our data sample is very small. Let’s assume that BTC is trading near its current price of $7,400 in May 2020. Given the fact that BTC is trading at a substantially higher price compared to the 2012 halving and 2016 halving, it’s highly unlikely that Bitcoin will enjoy such a dramatic percentage price increase for the May 2020 halving.

In fact, you can see that there was a dramatic reduction in percentage gains in 2016 versus 2012. Bitcoin’s gain from the 2016 halving was 72% less than the gain from the 2012 halving.

 In an attempt to calculate a price forecast for the upcoming May 2020 halving, let’s assume that the Bitcoin halving rally will be 72% less than the 2016 halving rally. If we use these numbers in our calculation, we can conclude that BTC will enjoy a substantial gain of 797%. 

Based on a price of $7,400, Bitcoin will reach a peak of $58,978 within 12 to 18 months from May 2020. Therefore, the price peak will occur between May 2021 and November 2021.

Of course, nobody should take these forecasts too seriously. Several things can change within the crypto universe before May 2020. Additionally, there is absolutely no guarantee that Bitcoin will rally following the May 2020 halving. There is no rule which says that BTC must rally following each halving. 

However, given the fact that the BTC mining reward will be cut in half, it’s probably safe to assume that there will be at least a modest rally. Without question, it will be very exciting to watch the price of Bitcoin as we approach the May 2020 halving.

JOIN NOW

Full Disclosure: I own BTC on the spot market, BTC futures and BTC exchange-traded notes.  

 

 

Latest News