crypto

Send Crypto via Email Instantly with Zero Fees – Plus More Updates

Digitex
• Digitex
May 13, 2021

It’s been a busy week for Digitex so far–and we hope you’re pleased with the progress! In today’s blog post, we’re going to take a closer look at our latest upgrade and all the new functionality and improvements you can find on Digitex. From our brand-new yield farming platform to the new internal transfer feature allowing users to instant-send crypto via email. Check out what we’ve added below.

Send Crypto with Zero Fees by Email

One of the most exciting features of our latest upgrade is that it lets users send crypto instantly and with zero fees over email. How does it work? When sending crypto to any user on the Digitex exchange, they will receive your email with a confirmation link. Once they click on the link, they will be redirected to their account to retrieve the funds. 

You can send crypto to people who aren’t existing Digitex users as well. Once they receive your email, all they have to do is click on the confirmation link. They will be redirected to the Digitex platform where they simply need to set up a password to retrieve their funds. If for any reason the user doesn’t click on the link within three days, it will expire and the money will be returned to the sender. 

This upgrade makes sending crypto simple and fast and is a great way of telling your friends about Digitex and onboarding new users at the same time. Plus, you can use this feature to save on the sky-high gas fees.

Earn ETH Rewards with Blockfarm Yield Farming Platform

We’re especially excited about our new yield farming platform, Blockfarm, as it provides a lot more utility for the DGTX token and allows holders to earn rewards in different cryptocurrencies starting with ETH. If you missed yesterday’s blog post, you can read more about earning crypto rewards with Blockfarm here

So far, the community sentiment has been extremely positive and we’ve been hearing great things about the program. We’ll be gathering more feedback over the weekend to share with you next week. And don’t forget, the ETH rewards program is the first of many to come. We’ll be adding plenty of other trending altcoins soon. Regular Digitex trader Marcus comments, “Overall, Blockfarm is a great and highly needed addition for the DGTX ecosystem.” 

It’s kicking off tomorrow but you can get ahead now by completing a simple KYC check. Why KYC? We know that most of you find this annoying, but unfortunately, we need a barrier to prevent US citizens from using the exchange. As Adam explains, “We block US traffic to the exchange but we understand that users can use VPN, so this is an extra measure.” As part of our continued effort to prevent US people from using the exchange, we will also be adding a quick KYC-check to the Converter next week as well.

Navigate the Exchange Even Easier

We have also upgraded our UI once again to make navigation even easier. Thanks to our new drop-down menu you can now customize the interface to suit you and remove or ‘drag and drop’ the market you want active on your top menu. It makes for a really intuitive and personalized user experience. Enjoy!

ETH Tick Size Has Increased to $1 

Finally, this week, we also increased the tick size on our ETHUSD market to $1. As Ether’s price has risen so much lately, trading with a small tick size of $0.25 makes for a poor user experience with the price jumping off the top and bottom of the page especially during periods of high volatility. Increasing the tick size will create a better trading experience. Let us know what you think! We understand that it may be a bit of a change, but try it out and give us your honest feedback, we’re always ready to listen and improve.

We hope you’re enjoying the latest upgrades to the platform. Don’t forget that ETH yield farming kicks off tomorrow. So, prestake now so you don’t miss it when it starts at 12:00 UTC. There’s a total of $50,000 worth of ETH rewards to be won during the first 30 days, so be sure to take advantage!

May 13, 2021
Digitex

Send Crypto via Email Instantly with Zero Fees – Plus More Updates

Digitex
crypto

It’s been a busy week for Digitex so far–and we hope you’re pleased with the progress! In today’s blog post, we’re going to take a closer look at our latest upgrade and all the new functionality and improvements you can find on Digitex. From our brand-new yield farming platform to the new internal transfer feature allowing users to instant-send crypto via email. Check out what we’ve added below.

Send Crypto with Zero Fees by Email

One of the most exciting features of our latest upgrade is that it lets users send crypto instantly and with zero fees over email. How does it work? When sending crypto to any user on the Digitex exchange, they will receive your email with a confirmation link. Once they click on the link, they will be redirected to their account to retrieve the funds. 

You can send crypto to people who aren’t existing Digitex users as well. Once they receive your email, all they have to do is click on the confirmation link. They will be redirected to the Digitex platform where they simply need to set up a password to retrieve their funds. If for any reason the user doesn’t click on the link within three days, it will expire and the money will be returned to the sender. 

This upgrade makes sending crypto simple and fast and is a great way of telling your friends about Digitex and onboarding new users at the same time. Plus, you can use this feature to save on the sky-high gas fees.

Earn ETH Rewards with Blockfarm Yield Farming Platform

We’re especially excited about our new yield farming platform, Blockfarm, as it provides a lot more utility for the DGTX token and allows holders to earn rewards in different cryptocurrencies starting with ETH. If you missed yesterday’s blog post, you can read more about earning crypto rewards with Blockfarm here

So far, the community sentiment has been extremely positive and we’ve been hearing great things about the program. We’ll be gathering more feedback over the weekend to share with you next week. And don’t forget, the ETH rewards program is the first of many to come. We’ll be adding plenty of other trending altcoins soon. Regular Digitex trader Marcus comments, “Overall, Blockfarm is a great and highly needed addition for the DGTX ecosystem.” 

It’s kicking off tomorrow but you can get ahead now by completing a simple KYC check. Why KYC? We know that most of you find this annoying, but unfortunately, we need a barrier to prevent US citizens from using the exchange. As Adam explains, “We block US traffic to the exchange but we understand that users can use VPN, so this is an extra measure.” As part of our continued effort to prevent US people from using the exchange, we will also be adding a quick KYC-check to the Converter next week as well.

Navigate the Exchange Even Easier

We have also upgraded our UI once again to make navigation even easier. Thanks to our new drop-down menu you can now customize the interface to suit you and remove or ‘drag and drop’ the market you want active on your top menu. It makes for a really intuitive and personalized user experience. Enjoy!

ETH Tick Size Has Increased to $1 

Finally, this week, we also increased the tick size on our ETHUSD market to $1. As Ether’s price has risen so much lately, trading with a small tick size of $0.25 makes for a poor user experience with the price jumping off the top and bottom of the page especially during periods of high volatility. Increasing the tick size will create a better trading experience. Let us know what you think! We understand that it may be a bit of a change, but try it out and give us your honest feedback, we’re always ready to listen and improve.

We hope you’re enjoying the latest upgrades to the platform. Don’t forget that ETH yield farming kicks off tomorrow. So, prestake now so you don’t miss it when it starts at 12:00 UTC. There’s a total of $50,000 worth of ETH rewards to be won during the first 30 days, so be sure to take advantage!

Latest News

futures

ETHUSD Futures Market Tick Size Will Change to $1

Digitex
Trading
• Digitex
May 11, 2021

Heads up, traders! Digitex will be changing the tick size on our ETHUSD futures market from $0.25 to $1. On May 12 at 12:00 UTC, the Digitex exchange will be down for one hour as we make the necessary adjustment. So, please keep in mind that you will not be able to access your account during that time. All orders on the ETHUSD will be settled, so you should close them ahead.

The Rising Price of ETH

As you all know, the price of ETH has been on an absolute tear this year, running circles around Bitcoin and hitting a new all-time high of more than $4,200! Even today, as it’s cooled off slightly, the number one altcoin is still registering a yearly gain of almost 2000%. Of course, this is great for traders, investors, and Ethereum enthusiasts. But, when it comes to trading on a ladder, a tick size of $0.25 on an asset with such a high price makes for a poor user experience as contracts keep jumping off the ladder.

The change in tick size on the ETHUSD market will prevent this from happening and also make it easier for liquidity miners. So, we can expect to see more bids and offers closer to the spot price after we make the switch, making the trading experience on the Digitex exchange better for everyone. 

Keep in mind that, on the Digitex platform, the $1 tick is equivalent to 1 DGTX. So, when you win or lose 1 tick ($1), you win or lose 1 DGTX. The contract value of ETHUSD remains the same as it was.

Take Advantage of ETH Volatility Trading Commission-Free

As always, with ETH’s skyrocketing price and swift corrections, there’s no better time to capitalize on the premier altcoin’s extreme volatility. So, be sure to get trading on the platform now! Digitex is the ONLY exchange that lets you pursue high-frequency trading strategies that allow you to place unlimited trades without paying any transaction fees of any kind. Simply trade and walk away with 100% of your profit.

Just please keep in mind that the exchange will be down for around one hour on May 12 at 12:00 UTC while we make the switch. We hope you enjoy the improved trading experience. Any questions at all, please contact our customer support or hit us up on our socials. 

May 11, 2021
Digitex
Trading

ETHUSD Futures Market Tick Size Will Change to $1

Digitex
futures

Heads up, traders! Digitex will be changing the tick size on our ETHUSD futures market from $0.25 to $1. On May 12 at 12:00 UTC, the Digitex exchange will be down for one hour as we make the necessary adjustment. So, please keep in mind that you will not be able to access your account during that time. All orders on the ETHUSD will be settled, so you should close them ahead.

The Rising Price of ETH

As you all know, the price of ETH has been on an absolute tear this year, running circles around Bitcoin and hitting a new all-time high of more than $4,200! Even today, as it’s cooled off slightly, the number one altcoin is still registering a yearly gain of almost 2000%. Of course, this is great for traders, investors, and Ethereum enthusiasts. But, when it comes to trading on a ladder, a tick size of $0.25 on an asset with such a high price makes for a poor user experience as contracts keep jumping off the ladder.

The change in tick size on the ETHUSD market will prevent this from happening and also make it easier for liquidity miners. So, we can expect to see more bids and offers closer to the spot price after we make the switch, making the trading experience on the Digitex exchange better for everyone. 

Keep in mind that, on the Digitex platform, the $1 tick is equivalent to 1 DGTX. So, when you win or lose 1 tick ($1), you win or lose 1 DGTX. The contract value of ETHUSD remains the same as it was.

Take Advantage of ETH Volatility Trading Commission-Free

As always, with ETH’s skyrocketing price and swift corrections, there’s no better time to capitalize on the premier altcoin’s extreme volatility. So, be sure to get trading on the platform now! Digitex is the ONLY exchange that lets you pursue high-frequency trading strategies that allow you to place unlimited trades without paying any transaction fees of any kind. Simply trade and walk away with 100% of your profit.

Just please keep in mind that the exchange will be down for around one hour on May 12 at 12:00 UTC while we make the switch. We hope you enjoy the improved trading experience. Any questions at all, please contact our customer support or hit us up on our socials. 

Latest News

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

How Does Zero-Fee Crypto Trading Impact Your ROI? 3

How Does Zero-Fee Crypto Trading Impact Your ROI?

Trading
• Digitex
April 26, 2021

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? 4

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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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