Digex.io - Zero-Fee Digital Crypto Derivatives Exchange with Rebates for Takers and Makers, built-in Strategies and Bots, Staking up to 0.4% Daily

✓Rebates for makers and takers
✓Built-in bots and strategies
✓Trade-mirroring (free)
✓1-second chart

✓

✓No funding fee
✓Staking: up to 0.3% daily
✓1-click trading

and get 50000 DIGEX tokens for free

Zero trading fees

We have entirely got rid of the trading fees and funding fees

No overloads

We process thousands of trades per sec.without any overloads

Bots and strategies

Built-in customizable bots can make you money while you sleep

Security

We are the first exchange to offer 2FA both via Telegram and Google

Trade-mirroring

You can follow most successful traders and copy their trades

Telegram-friendly

We offer fast and easy way to trade via Telegram

The DIGEX token

You will get DIGEX tokens for free for your trading activity as rebates

Risk management

Built-in tools make it a lot harder to lose much in each trade

Trade battles

You can create a trade battle and invite familiar traders to participate

Templates

You can set up templates to launch a strategy with 1 click

Liquidity

Large orders can be transmitted to other exchanges via API

Passive income

Get passive income with staking (up to 0.4% daily)

Crypto derivatives exchanges compared

	Digex	Bitmex	Deribit	Bybit	Binance
Trading without overloads
Leverage of up to 125x
Makers rebates for limit orders
Takers rebates for market orders
Built-in bots for auto trading
Built-in mirror-trading
Several long or short positions simultaneously for 1 contract
Trading without KYC
You can trade via Telegram
Automatic stop-losses when in brake-even
Auto-trading using levels, indicators, squeeze-bot
Take-profits with multiple orders
1-click trades from orderbook
Strategy templates
High passive income from staking without liquidation risk
1-30 seconds chart
	Digex	Bitmex	Deribit	Bybit	Binance

Answers to frequently asked questions

General questions How to start Financial questions About bots settings Differencies between Digex and competitors Possible problems and risks

Why is it much simpler to make money in Digex than in other exchanges?

It is much easier for an ordinary trader to make money in Digex.io than in other exchanges, thanks to:

✅ no trade fees and no funding, but rebates to all traders (both makers and takers)

✅ ease of trading - you can open trades with 1 click from the orderbook, while take-profit and stop-loss are set automatically

✅ trade automation. Its level surpasses the capabilities of any exchanges and automated services and does not require API. Break-even stop-losses, anti-slippage system etc.

✅ 5-15 seconds chart, indispensable for scalping. Digex traders see trends much earlier than their counterparts on other exchanges

✅ the possibility of earning passive income with staking (up to 0.5% per day) and trade-mirroring

The Digex exchange allows users to earn profits whether cryptocurrency prices rise or fall, offering leverage up to x125 (125x leverage means that if you place an order and the price goes in predicted direction by 1%, your profits will be 125% of your order amount).

Our main competitor is the largest derivatives exchange Bitmex, known for its overloads during the strong bitcoin movements, which brings great losses to its traders. We invite all Bitmex traders (as well as users of other exchanges) to give our exchange a try.

In addition, our exchange plans to attract to the cryptocurrency market millions of new users, who have never used cryptocurrencies before, but learn from their friends who have started to use our exchange and were impressed by the functionality, simplicity and favorable conditions for traders.

How easy is it to use Digex exchange?

Digex focuses on user-friendliness and simplicity. This means anyone, whether beginner or advanced, can use Digex without having any prior knowledge or experience with professional trading. For example, you can open positions directly from the exchange order book with 1 click of the mouse or via telegram. Using Digex auto trading function, you can automate as much as possible using even most complex strategies.

For beginners, the best option is to get passive income without trading: using DIGEX token staking with income of up to 0.5% daily, mirror-trading (by following one or several experienced traders) or by participation in our affiliate program.

How can DIGEX-token be used and what is it for?

DIGEX-token is a utility-token of the Digex futures exchange. It can be used to pay for exchange services at a discount. The use of DIGEX-tokens is not obligatory for the use of the exchange. But DIGEX-tokens will provide many advantages:

1. A 50% discount when paying Withdrawal fee, a discount on the future commission for copy trading (mirror-trades), a discount on the commission for buying BTC using a credit card and for withdrawing profit to a credit card.

2. DIGEX-tokens will be awarded daily to all active traders of the exchange (more for limit orders, less for market orders. It also depends on funding coefficient).

3. Referral rewards will be awarded in DIGEX-tokens; for large DIGEX-holders, referral rewards will be twice as high.

4. If necessary, tokens will be bought / sold (without leverage) on the Digex website by creating an order for the DIGEX-BTC pair or on third-party exchanges, where it will be listed.

5. DIGEX-tokens can be put in staking with a daily percentage added to them (up to 0.5% per day). DIGEX-tokens can be withdrawn to your wallet, then the percentage will not be added.

6. Also, DIGEX-tokens can be transferred to another user (with mandatory confirmation via Google 2FA or Telegram). Transfer between users within the exchange is instant and without commission.

7. Each new active user will receive a bonus in the form of 50 000 DIGEX-tokens under certain conditions described in this FAQ.

8. For participation and victory in our competitions for traders and affiliates, DIGEX tokens will be awarded

9. In the future, for the use of trading robots built into the exchange, a subscription fee (for example, in the amount of $15-20 per month) in DIGEX-tokens may be charged, however there will be no subscription fee first months after launch.

10. Funding rate can be accrued and debited in DIGEX-tokens.

11. We hope that steadily growing chart of the token on Coinmarketcap (after the token will be listed) and its entry into the TOP-100 coins will attract new users to the exchange.

12. DIGEX-tokens can be used to replenish the balance of Apitrade.pro in order to spend on the auto trading service on Binance and other exchanges.

13. Token issuance will be limited and transparent, see financial questions for details.

14. We plan "premium membership" with additional functionality which will be available only to DIGEX token holders.

I am used to trading in Bitmex, how is trading in Digex different?

Bitmex is known to get overloaded during high volatility of Bitcoin while there are no such issues at Digex.

Bitmex charges enormous commissions for market orders and funding fee. Digex charges no commissions for any type of orders, period. Instead, Digex provides rebates to takers and makers. Also, Digex has no funding fee.

While trading on Bitmex traders often encounter insane slippage. At Digex we developed an “anti-slippage” system that gives priority to closing stop-losses and thereby drastically reduces slippage.

Automated trading. On Bitmex you will need to manually create each order to open and close a position, you need to calculate the number of contracts you want to buy or sell. At Digex all you need is to create a strategy, specifying which % of your deposit to use and the system will automatically create each order to open and close positions. You can also enable automatic stop loss at break even. On Digex you can create bots of any complexity that will trade according to your strategies, or you can trade directly from the order book using 1-click trade function, or via telegram.

You may also like the possibility of hedging: on Bitmex it is impossible to open a position in the opposite direction under the same contract (for example, XBTUSD perpetual swap) without closing the previous position. On Digex we made it possible, you can even create several strategies for one trading pair in the same direction (this option is not available at any other futures exchange).

Passive income. You can earn money on Digex without trading, simply by turning on the mirror trading function or by staking.

Bitmex does not have its own token; on Digex all active traders receive DIGEX tokens for active trading absolutely free of charge.

How does Digex provide high liquidity?

Firstly, zero commission for transactions, zero funding fee, rebates for makers and takers, built-in bots that can perform a large number of high-frequency trades leads to high trading activity between users of the exchange. Secondly, we have connected Digex via API to most of crypto derivatives exchanges, including: Binance Futures, Bitmex, Deribit, Okex, Bybit, etc. and, if necessary (when Digex exchange’s own liquidity is not enough), we send orders to their order books via API. This is an invisible process that is only noticeable by it's results: greater liquidity, less slippage and a smoother price movement with less squeezes. Users don't need to pay an additional commission for it - Digex algorithms are configured to use limit orders on third-party exchanges and search for best prices, in order to compensate commissions that need to be paid on third-party exchanges.

How does auto trading with bots in Digex work?

Digex is the first futures exchange with built-in high-frequency bots that can open and close trades according to user-configured strategies, even when the user is off-line and does not use the exchange. Digex user does not need to know programming languages to start the bot. He does not need to generate API keys and worry about API lags and limits or storing API-keys in third-party services. He only needs to create a bot strategy on the main page of the exchange interface with a few clicks of a mouse, which takes from one to several minutes.

The user can simultaneously launch several bots working according to different strategies or the same strategies with different settings, each bot working with a certain share of the whole deposit. Each bot uses isolated margin and can't lose more than part of deposit assigned to it.

The bots offered by Digex are perhaps the most advanced bots on the market with maximum functionality and capabilities. In development of this feature we used the best practices of our Apitrade.pro service, where we had been developing bots for Binance, Bitmex and other exchanges for about 2 years.

So, what are the bots built into Digex able to do:
- open position with one order or multiple orders.
- open trades using "levels" (like a "squeeze bot"), indicators, or using Tradingview Personal Signals.
- close trades with multiple limit take profit orders and immediately send new opening orders after closing even part of them.
- the option "in % of the average opening price" allows you to automatically send averaging orders taking into account the real-time price of entry in position
- automatically set stop-loss at breakeven
- option "dynamic trailing" will maximize profit by setting a stop-loss, for example, at the level of 50% of the position profit
- option "stop loss near liquidation" automatically sets a stop-loss next to the liquidation price of a position

Option "order at the top of the order book" automatically moves your limit order above competitors so it could be filled as soon as possible
- mirror trading system allows you to automatically copy trades of a bot set up by a trader simultaneously in all followers' accounts of the trader. It does not require API keys. There are no delays, associated with API limits. Followers don't see the trader’s settings.
- the templates system allows you to create a bot with one click using a template. The "clone" function allows you to copy earlier created bot which does not have a template.

You can launch a bot even via Telegram, using your mobile phone!

If you think that our bots lack some features needed for your strategy, please contact us via tickets or telegram chat and our team of developers will be ready to add it free of charge if the feature could be useful for many users. Or we can advise how to create such a strategy with our current tools.

How can I make money by referring users to Digex?

Digex has a very profitable referral program. You will get referral commission each time when the user you referred withdraws earned profit (it is at this moment that the exchange makes money) in the amount of 20% to 30% of Digex withdrawal fee (30% referral commission is available for large DIGEX token holders). For example, if you refer a new customer to the service and while trading he increases his balance from 1 to 2 btc and decides to withdraw 2 btc, the system will deduct a withdrawal commission in the amount of 0.1 btc (in DIGEX tokens), and you will get a referral fee in the amount of 0.02 or 0.03 btc. If the user you referred loses his deposit due to poor risk management, then you will not lose anything.

A second level referral commission is also available: you get 10% of the earnings of your first level affiliate from the referral program. Important: it is forbidden to register yourself under your own link from your other account to receive a discount. Referral payment is accrued in DIGEX-tokens, which you can exchange for btc, withdraw, hold, or place in staking to increase their quantity. You can also spend referral fees on exchange services, transfer tokens to any other client (for example, your referral) without commission. Super affiliates, who can refer a large number of users on a daily basis, can count on special conditions (contact Digex admins via ticket).

How secure is Digex?

Digex Inc. (registration certificate https://digex.io/docs/Digex_Inc.pdf) pays highest attention to security:

1) Digex is the first exchange to offer its clients the possibility to turn on 2-factor authorization using Telegram (which is known to be one of the most secure encrypted messengers) and Google 2FA, so it will be virtually impossible to log in to your account for anyone except you.

2) Cold wallets are used to store BTC. Hot wallets are used only to store the minimum amount of funds for current payments.

3) SSL. Digex platform is secured by SSL-protocol, all traffic is encrypted.

4) Logins, e-mails, passwords are encrypted. We do not store them openly in the database, they are not accessible to employees. They are encrypted using the most advanced algorithm to date, and even stealing a database will not allow attackers to take advantage of them.

5) We ordered a third-party security audit of the DIGEX token smart contract, in which 0 critical vulnerabilities were found. You can get acquainted with the audit here: https://digex.io/docs/EN_DIGEX_AUDIT.pdf

6) IP Restriction . You can restrict access to your account by IP or subnet.

7) Years of experience. Some of the projects developed by our team have been operating since 2006, have hundreds of thousands of users and an impeccable reputation. During this time, we have accumulated vast experience in the field of security of financial online services.

The basics: what is a perpetual contract, strategy, position, order, funding, stop-loss, liquidation?

The basics:

Perpetual contract is a derivative product that is similar to a traditional futures contract, but with no expiry or settlement. All margin on Digex is denominated in Bitcoin. When trading in Digex or another derivatives exchange, you do not buy or sell Bitcoin, but speculate on the future value of bitcoin or other cryptocurrencies. The perpetual contract rate is close to the bitcoin rate on spot exchanges (such as Binance) due to funding (if the exchange rate deviates, the funding changes in the necessary direction so that the perpetual contract rate moves closer to the price on spot exchanges). Digex does not charge funding fees, but motivates traders to open more long or short positions by offering differentiated rebates.

Strategy in Digex is a task to buy or sell a contract under a user-predifined conditions. When creating a strategy, you predefine under what conditions or prices the system should open a trade, how many orders to send, what percentage of deposit to use, how to close a profitable trade (take-profits, stop-losses and other settings). A strategy can be one-time or cyclic (which sends new orders to open a position after the trade or it's part is finished), like a bot.

Position - a number of contracts bought as part of a strategy in one direction or another (long or short). A position is opened and closed using one or more orders.

Order is an application to buy or sell a certain number of contracts at a certain price. Orders can be opening or closing, limit (orders received in the order book that create liquidity) or market orders. Passive limit orders can only be placed in the order book and filled by other market orders or active limit orders. Active limit orders can be placed in the order book and can act as market orders (if they can fill an existing limit order in the order book) but with no slippage. All take-profits in Digex are limit active orders.

Stop-loss is an order to close a position when certain user-defined conditions occur. In the Digex exchange, there are only market stop-losses, and they have priority over opening orders. Break-even stop-loss is set after the position has reached a certain profit, in order to automatically close the position if the price will reverse and go in the opposite direction. "Stop-loss near liquidation" is placed before the liquidation price to avoid losing 0.5% maintenance margin. If the price goes very fast towards your liquidation price and there is not enough liquidity in the order book, there is a risk that your stop-loss will not be activated before liquidation and your position will be liquidated. This is a reason we recommend to place stop-loss further from the liquidation price and use for your trade only a small part of your deposit (for example, 5% of your deposit).

Liquidation - if the current index price reaches your liquidation price, the position will be force-closed with a 100% loss, while you lose the share of the deposit allocated for this strategy. Liquidation in Digex is a very rare case (unlike exchanges like Bitmex) due to the fact that most of created strategies have a stop-loss, automatic break-even stop-loss, and slippage is rare due to the anti-slippage system (priority of stop loss over market orders used to open position).

What is hedging in Digex and why open multiple positions on the same contract?

You can hedge your risks in Digex, that is, you can simultaneously open both long and short positions on the same contract (i.e. BTC-USD). This is very convenient, but in many exchanges, such as Bitmex, not possible. Moreover, in Digex you can open several positions in the same direction, while in all other existing derivatives exchanges it is not possible. This allows you to trade more flexibly and make more profit. Example: the price of bitcoin is $10,000, you open both long and short positions at the same time. Bitcoin price is now $9500, you close your short position with profit, leaving only a long position. The price rises to $10,050, break-even stop loss has been triggered after the price returns to $10,040. If you could not simultaneously open a long and short position, and opened only a long position, then you would not have earned profit when the price moved from $10,000 to $9,500, and you would probably have lost if you closed the trade at a loss at $9,500 . Because you had an opposite short position, there was no reason for you to close the long position at a loss, so you calmly waited for the price to reverse and the trade finish with a minimum profit.

The second example, when you open several independent positions in one direction in one account (this option is available only in Digex exchange): the bitcoin price is $10,000, you are confident in it's growth and only open a long position. But the price drops to $9,500. You could average the first position, but this increases the risks, so you open the second long position at $9,500. The price reaches $9,700, you close the second position with a profit of 200 points. If you couldn’t open the second position, you wouldn’t get profit from 200 points price movement (because the total position would still be at loss), even if you had averaged your position. You can use different leverage and other settings for each position.

What is isolated margin and why is there no cross-margin in Digex?

Many derivatives exchanges only offer cross-margin (for example, Deribit, Primexbt, Emx, Binance Futures, Quantfury app and many others). Cross-margin means, that when a position is liquidated, a trader can lose his entire deposit.

In Digex, it is almost impossible to lose the entire deposit in the event of liquidation (unless you want to).

We intentionally offer only isolated margin, with a built-in risk management system that (in a negative scenario) prevents the user from losing more than he is ready to lose in % of his deposit (for example, a maximum of 5% of the deposit).

We don't offer cross-margin in Digex due to the fact that the exchange does not earn commissions on trades or on liquidations, therefore it is not interested in having users incur losses and losing their deposits, but on the contrary, the exchange is interested in the trader making profit and withdraw more than he has deposited earlier (only in this case the exchange earns a withdrawal fee).

In our experience, the use of cross-margin always (sooner or later) ends up with a loss of the whole deposit, so we decided to completely abandon this option in Digex.

How is the liquidation process going?

The liquidation price of each position can be viewed on the "Open Positions" tab. It depends not on the Digex price, but on the average price of bitcoin in the largest spot exchanges. When the index price reaches the liquidation price, the liquidation process is launched. To maintain open positions, traders must have a certain percentage of the position value, also called maintenance margin (for example, 0.5% of the position size), on their account balance. If the trader fails to meet maintenance margin requirements, then the position will be liquidated, and the maintenance margin is lost. If the exchange manages to liquidate the position at a better price than the bankruptcy price, then additional funds are transferred to the Digex insurance fund. If it is not possible to liquidate a position at a bankruptcy price, then Digex uses funds from the insurance fund to close the position at the market price.

What is Auto-deleveraging and why it is not present in Digex?

During a flash crash, the exchange may not be able to liquidate unprofitable positions at the liquidation price, and even at the price of bankruptcy. In this situation in most exchanges auto-deleveraging may occur. It means that the exchange can write off profit from successful traders which have profitable positions and close profitable positions if the exchange cannot cover this loss from its funds (part of insurance fund). Such a mechanism is used in Bitmex, Deribit, Binance Futures, Bybit and other derivatives exchanges. In addition to the fact that liquidation in Digex is a very rare occurrence in comparison to other exchanges (due to the various types of stop-loss types built into the strategies), there is no Auto-deleveraging in Digex. This means that traders can be sure that the exchange will not write off their profit and force-close their profitable positions. In the event it is impossible to liquidate positions at a bankruptcy price a part of insurance fund will be used (as in other exchanges). If it is not enough to cover losses, which is very unlikely due to the small number of liquidations, the exchange will accrue profit to the trader in the form of DIGEX tokens reserved in advance for such cases. The user will be able to use these tokens to pay for the exchange services at a discount or later sell to other users (to avoid negative impact on the token price, tokens may be unlocked for sale gradually, which in any case is much better than the complete loss of profit in case of auto-deleveraging in other exchanges.

How does trade-mirroring work in Digex? Is there a guarantee that the deposit will not be liquidated?

The Digex exchange has a built-in trade-mirroring system with will copy trades created by traders, called Masters, in their followers accounts. This can be much more profitable for the Master than charging a subscription fee for access to his signals: he will receive a significant share of the profit. The master will not need to spend time on searching for subscribers, supporting them, educating them, collecting payments, etc. The master will be able to fully devote his time to what he loves most: trading. The follower will not need to pay a monthly fee, he will be sure that he will pay only for the result. Creation of orders occurs simultaneously (in random order), therefore, the orders of the Master have no priority in the speed of execution in comparison to the orders of his subscribers. The conditions for the Masters are as follows: the user receives 50% of the profit from the transaction, the Master receives 25% of the profit, the system receives 15% of the profit (at the moment, as part of a long-term promotion the system commission is 0% so that Masters receive 40% of profit), 10% of profit goes to trade-mirroring insurance fund. For example, the Master has an initial deposit of 0.1 BTC and makes some good trades so he has 0.2 BTC balance now (100% profit). His follower had 1 btc deposit and now has 2 btc. out of 1 BTC profit 10% (0.1 BTC) goes to insurance fund and 25% goes to the Master. 15% also goes to the Master as a promotion. So the follower now has 1.5 BTC and the Master receives 0.4 BTC from this followers profit.

Trade-mirroring is very risky and potentially (if the trader knows how to trade) a very profitable passive way to increase the BTC deposit for the followers. Main risk is the loss of the entire deposit or its main part as a result of trader's decisions. Other risks when working through the API with other exchanges, for example, with Bitmex, include API glitches of exchange and overload, huge slippage in case of a stop loss (if there are many followers), forced closure of contracts at a loss when the futures contracts expire, the risk of theft of API keys etc.

To solve these problems in the Digex exchange we have taken the following measures:

- trade-mirroring is built into the core of the exchange, without API keys, API glitches and overloads
- the anti-slippage system gives priority to closing stop losses, minimizing slippage
- all contracts are without expiration
- there are no losses from the trade fees and funding, which makes many trading strategies profitable
- trade-mirroring insurance fund will help to restore the follower's deposit if the trader was liquidated

Trade-mirroring insurance fund is a separate insurance fund which gets 10% of all followers' profits from trade-mirroring.

Each trader will be allocated a certain percentage of the total insurance trade-mirroring fund so that the liquidation of one or more traders and his followers does not lead to complete depletion of the fund.

In case of simultaneous requests for the recovery of a deposit if followers traders are liquidated, the share of the insurance fund allocated to this trader will be divided proportionally between all affected followers. The maximum deposit recovery in case of liquidation is limited to 80% of the user's initial deposit. Digex can not guarantee that the trade-mirroring insurance fund amount will be sufficient to recover a certain amount of deposits in case a large number of followers deposits are liquidated (because 10% of profits can be not enough to cover all losses), but compensation will be made on a transparent and fair basis.

We also recommend to follow at least 10-20 traders (this option is being developed, but you can do it by registering several accounts for these purposes), in order to diversify risks.

How does Anti-slippage system work?

There are five main reasons why Digex has significantly less slippage compared to other exchanges.

Firstly, the system simply will not allow to send a market order or an active limit order if it leads to a price slippage of more than 1%. Instead, the system will recommend decreasing your order volume so as not to cause a squeeze and execution at a very unfavorable price.

Secondly, most user strategies in Digex by default have stop-losses at different levels before the liquidation price is reached, which minimizes liquidations (slippages in other exchanges are often caused by massive liquidations during a price flash crash).

Thirdly, Digex matching engine first of all processes stop losses that close a position, and secondly - market orders, therefore slippage when closing positions with a stop-loss is much less than in other exchanges, where matching engines use a basic first-in-first-out algorithm.

Fourthly, strategies in Digex by default have take-profits, which can only be limit orders and do not cause slippage. On other exchanges, many positions are closed by market orders, which causes slippage.

Fifthly, the Digex exchange will have very high liquidity, both due to zero commissions and built-in bots that place multiple limit orders, and due to the aggregation of liquidity from other large exchanges. This means that the volume of limit orders will be very high, which in turn leads to minimal slippage.

What is the Drafts tab for?

Drafts is a tab where all strategies created by the user are initially placed. The purpose of this tab is to provide the user with a chance to double-check all settings of the created strategy before launching it. If necessary, the strategy can be edited. To run a strategy from "drafts", you need to click the "run" button. You can also clone your strategy to create a duplicate strategy in "drafts".

What is CLONE button for?

In the list of completed and open strategies, there is a "clone" button opposite to each strategy. Using this function you can quickly create the same strategy (it will go to the "Drafts" section, where you can edit it if necessary). You will not need to waste time creating strategies similar to those you created earlier. Alternatively, you can use "Templates" and 1-click orders in order book (but you can create only one template for each order type).

How does Digex make money if there is no trade commission?

The main source of profit of the Digex exchange is Withdrawal fee. Withdrawal fee is equal to tx fee (transaction fee for withdrawal of funds) plus commission for withdrawal of profit (if there is profit). Profit is calculated by the formula: total amount of withdrawals minus total amount of initial deposits. Given that on ordinary futures exchanges more than 80-90% of users do not earn, but lose money in the long run, this method of charging fees is much more profitable and fair for the users. Unlike other exchanges, Digex does not earn anything from users who don't have any profit. Therefore, the exchange is interested that the user earns profit, because only in this case the exchange will be able to earn commission from withdrawn profit. If the user already has profit from trades, but has so far withdrawn less than his initial deposit, the exchange will not charge a withdrawal fee, giving the user an opportunity to use the profit for trades and increase his capital until withdrawal.

In addition to Withdrawal fee, the exchange can earn on additional services: mirror trading (currently no fees), some subscription fee for bots and advanced options (currently no fees), commissions for fiat deposits and withdrawals. When paying with DIGEX tokens (including those received free of charge for executing limit and market orders of for sign up), the exchange provides a 50% discount on Withdrawal fee, which is 10% off. So if you deposit 1 btc and withdraw 1 btc, you will not pay any withdrawal fee for your profit. If you deposit 1 btc and withdraw 2 btc, you will pay 0.1 btc (in DIGEX tokens) as a withdrawal fee for your profit.

Please describe the economy of the DIGEX token (issue, distribution, etc.)

We did not conduct an ICO or private sale token. Loyal users, active traders and affiliates will gradually receive the token as a reward.

Estimated Token Distribution Scheme
- 30% staking for first token holders

- 30% marketing of the exchange (airdrops for new active users, advertising and PR, publications, promotion of the best partners of the affiliate program, listing tokens on exchanges, competitions)

- 15% to active traders (rebates to makers and takers)

- 15% development, equipment, security

- 10% reserve (compensations, exchange bonuses to Apitrade users, etc.)

Important Features:

- The minimum possible starting price is 1-2 satoshi. It is impossible to place a limit buy order in the exchange order book cheaper than 1 satoshi, and a limit sell order cannot be placed cheaper than 2 satoshi.

- Token emission is strictly limited and equal to only 21000000000 tokens. Inflation is 0%. It is not possible to issue additional tokens under the smart contract.

- Tokens will be unlocked gradually in the first 2 years.

- Tokens are not allocated to the team, so there will be no price pressure, like with other tokens that dump when someone from the team starts to sell the tokens (in many respects, for this reason, most altcoins constantly dump). The team will receive income from the exchange's profit (mainly, withdrawal fee), and not from the sale of tokens.

- There was no ICO, private sale - sales of tokens to large investors with discounts who are in a hurry to sell tokens with profit in the first time after the start of token sales on the exchange

- The bulk of the funds from tokens (except for payments to active traders and holders) will be used to attract new users, which in turn will lead to even greater growth in the popularity of the exchange and the demand for tokens.

- A profitable staking program, which will provide token holders with passive income (up to 0.5% daily) will lead to an increase in token demand (the program is limited in time for 24 months or until the tokens allocated for payments on staking are over)

- To pay withdrawal fee (and in future mirror trading fee, fee for fiat deposits/withdrawals and some exclusive features) users will need to buy tokens. With the growing popularity of the exchange demand for tokens will increase.

- Tokens for loyal users of apitrade will be given in exchange for apitrade bonuses according to rules published on apitrade website and will be unblocked for sale after the user trades actively in Digex exchange for 1 year. These tokens will be unblocked with a rate of 0.25% per day.

- Tokens for active new users (50 000 tokens for each new user) will be will be unblocked for sale after the user trades actively in Digex exchange for 1 year.

- The standard of the token is Etherium ERC-20 (the most common, to facilitate listing on other exchanges). The smart-contract code is verified https://etherscan.io/address/0x763F8B4fB067190e739Ed6ACB12F40f2F3890840 and has been audited, with no critical vulnerabilities found: https://digex.io/docs/EN_DIGEX_AUDIT.pdf

- After the tokens allocated for paying rebates to active traders and holders are exhausted, rebates and staking rewards can be paid from the exchange's profit from withdrawal fee.

What is staking and how to make profit with DIGEX token staking?

Our staking program allows you to easily and securely generate rewards by simply holding your DIGEX token deposit. Rewards are distributed daily. Since the issue of DIGEX token is limited and it cannot be issued under the smart contract more than the initial amount (21000000000), the percentage for staking is paid from a special fund, which contains 30% of all DIGEX tokens. In fact, staking is a financial incentive for first DIGEX token holders from the exchange. Some crypto projects allocate a fraction of the total token supply to the project team, but we decided to use it to reward the first holders, that is, those users who believed in our project and supported it in the first months after launch. This is a time-limited offer (approximately 1-2 years), and as the staking fund dwindles, the percentage for staking will decrease (from 0.5% per day initially to 0.03% per day when the staking fund is almost exhausted). Therefore, the sooner you start - the greater the percentage of profit you can earn with the help of staking. The current percentage accrued for staking is indicated on the staking page. You can cancel staking at any time without losing token rewards added as a staking percentage earlier. Tokens for which limit sell orders are placed on the DIGEX-BTC page are not taken into account when calculating interest for staking. Also, bonus tokens received as a gift are not taken into account. It is possible that after the staking fund is exhausted we will continue the staking program from the profit of the exchange (it depends on the popularity of the program and legal issues).

If you don't want to store your tokens in the exchange but you still want to receive income from staking, you can send them from your eth-wallet to a staking smart contract, from where you can collect them along with interest at any time. In this case interest accrual is provided by a smart contract in a fully decentralized manner: no one can block your tokens in any way or prevent them from withdrawing from staking smart contract (minus the gas transaction fee).

Why there is no funding fee in Digex?

Other derivatives exchanges in perpetual contracts use funding fee, which can reach very high values and "burn" the deposit, and even lead to liquidation over time. With price deviations compared to spot exchanges, funding rate changes so that it is not profitable for traders to hold positions in a certain direction (for example, if the market is bullish - then longs are charged with a high funding fee), and the price of a perpetual contract approaches the price on spot exchanges. According to many studies, traders prefer exchanges where the funding fee is lower. There is no payment for funding on the Digex exchange. We developed another, more interesting motivation system for traders. Every 8 hours, traders are awarded rebates in the form of DIGEX tokens depending on the volume of trade (more for limit orders, less for market orders). We have added a funding coefficient calculated by analogy with funding on other exchanges. So, if the price on the Digex exchange is much higher than the price on spot exchanges, those traders who opened shorts during last 8 hours will receive significantly more rebates than traders who opened longs. Such motivation, firstly, will lead to the fact that it will be more profitable for traders not just to hold a position, but to trade, and secondly, it will bring the price closer to the spot price. This is a very good motivation, because the issue of DIGEX tokens is limited and a fairly large part of tokens is distributed daily, it can be put on staking or used to pay a withdrawal fee, and its price itself can increase significantly during the year (the maximum price can not be predicted, the minimum price of a limit sell order can not be less than 2 sat per token).

What are the conditions to receive 50 000 bonus tokens for active users sign up?

Each new Digex active user receives a bonus of 50,000 tokens. If the exchange will become very popular, in 1-2 years the token may well cost more than 100 sat, that means that the cost of 50,000 tokens can exceed $500 (in the worst case, the minimum price of each token can be 1-2 sat). But, due to the fact that the number of tokens is very limited and the exchange under the smart contract is unable to issue new tokens, the exchange can only award bonuses to active users. Otherwise, anyone could register many accounts in order to receive bonuses (which is prohibited). If during any month the user does not confirm his activity, then the registration bonus will be deducted and credited to another new user. Staking for bonus tokens is not possible. You can set bonus tokens for sale, withdraw or transfer to another user only 1 year after registration. The user can be considered inactive if he had a turnover of less than 1 btc per month in Digex (given zero trade fees and the option to set up a bot that can trade continuously, it is very easy to make such a turnover. Also this turnover can be reached after several trades using high leverage even with a micro-deposit). The turnover of virtual bitcoins on a testnet is not considered. Also, a bonus can be spent on a withdrawal fee at any time. In case of writing off bonus tokens for inactivity, the user can register again and receive the bonus again. Bonuses will be awarded until the tokens allocated for bonuses for new active users run out.

Why can't I buy a large number of DIGEX tokens?

During the first time the exchange operates, we introduce a restriction on large purchases of DIGEX tokens due to the fact that their number is very limited and the initial market capitalization of the token is minimal. We want as many different users as possible to be able to purchase them during the first operation of the exchange, because satisfied users will recommend exchange to their friends. In addition, tokens are unblocked in parts within two years, so if we allow the sale of tokens at starting prices to a large buyer, then there will be no tokens available for other users at some point and the large buyer will be able to control the price of the token (by arranging pumps and dumps), which we would like to avoid. This restriction will vary depending on the number of tokens available for sale (the current limit is 1 btc).

Is KYC / AML verification required? Are there any restrictions to use Digex?

KYC/AML verification is not required at Digex as crypto derivatives are not regulated.

The only exception is a law enforcement request for a specific account with evidence that the funds were stolen.

Digex Inc. is registered in the Republic of Seychelles (registration certificate: https://digex.io/docs/Digex_Inc.pdf), like many crypto derivatives exchanges. Trading in Digex derivatives exchange is allowed for residents of any country except countries where such trading is legally restricted (for example, the United States). The user is solely responsible for compliance with the laws of his country.

Why is commission from withdrawn profit better for users than commission from trades?

The scheme of monetization used in Digex exchange is more fair and comfortable for traders. It is well known that in ordinary crypto exchanges more than 80-90% of traders lose money, while the exchange makes money on them through trade commissions. Although the trade commission (usually 0.05-0.10%) may seem to some traders insignificant, but over a long period of time it is added up and makes up a significant part of the trader's deposit. When using leverage, the commission is multiplied by the leverage, and 0.075% fee at 100x leverage turns into 7.5% of your deposit. In addition, the percentage is taken both when buying and selling. This means, that opening a trade on Bitmex with a market order with 100x leverage and immediately closing it at the same price will immediately make you lose at least 15% of your deposit plus losses on the spread.

Why is commission from withdrawn profit better for users than inflation of the token?

We are sure that the scheme of monetization used in Digex exchange is more fair and comfortable for traders. A trader always knows that he will pay the exchange only if he makes and withdraws profit and knows how much he will pay. He does not need to exchange his entire deposit for the token, which can be very volatile and can dump due to the release of new tokens or some other reasons. Some exchanges earn money by issuing new tokens, but absolutely all traders (both those who earn profit and those who incur losses), and even holders can possibly lose money due to inflation. If the entire deposit is in this token, it may lead to a sharp drop in the value of the user's deposit even without trading. The trader does not know in advance how much he will pay for the exchange services, because he does not know how the price of the token will change at the time of withdrawal of funds. It would be short-sighted to expect that the price of the exchange token will only rise, because usually the team receives a large amount of tokens (it's not about Digex, where the team does not get tokens), and there are large token holders, who at some point decide to sell their tokens.

How long does it take to withdraw funds during the beta period?

Due to the fact that the exchange is currently in the beta testing and active development stage, futures trading is now frozen (until the bugs are fixed and the Binance brokerage program is connected), the withdrawal of funds is not automated and can take a long time, so we recommend taking it into account upon replenishment. This is due to the fact that:

1) Each application is manually checked by the exchange staff, while the number of personnel with access is very limited, since the exchange is not yet fully operational and the staff is not fully staffed;
2) The exchange engine is not yet fully debugged and may contain various bugs that are in the process of searching and fixing;
3) It will take a particularly long time to check and execute applications from users who did not use the replenishment of funds using cryptocurrencies, or withdraw more btc than they entered;

4) The funds used for staking are in the process of trading and cannot be instantly withdrawn from the Binance exchange without exposing the deposit to increased risks of losses or liquidation, especially with regard to the withdrawal of amounts (from 0.05 btc), which for security reasons for traded deposits can be made gradually, no more than 0.05 btc per week;
5) In order to avoid dumping of DIGEX tokens and API tokens by market orders, the withdrawal of funds received for their sale may be delayed for 3 months. During this time, among other things, the correctness of the accrual of tokens is checked.
Please keep this in mind when working with the beta version of the exchange.
Do not forget that you can automatically withdraw DIGEX tokens and API tokens to Apitrade at any time using the "Withdraw" - "API Wallet" page to pay for Apitrade.pro bot services at a discount and use the bot to increase your balance on the Binance exchange

How are built-in bots in Digex different from third-party bots?

Currently, a number of trading bots for different exchanges are offered for a monthly or one-time fee. Most of their algorithms are quite primitive and often end up draining the deposit. Bot creators are not interested in increasing your profits, because they receive money (for buying a bot or a monthly fee) regardless of your result.
Here are the differences between bots built into Digex and similar bots:

1) You don't need to create API keys. This means that there is no risk of theft of API keys and the associated risks
2) The bots built into Digex are free (currently).
3) The third-party bot can freeze or stop working, our developers are ready to react almost instantly if such situation happens with built-in bots in Digex
4) You don't need to install anything on your computer and keep it turned on (compared to desktop bots)
5) The bots built into Digex run on the same high-performance servers as the exchange itself, so all transactions are executed faster
6) Digex bot algorithms are much more advanced than the primitive rules of standard bots
7) Ease of use is incomparable - setting up a bot in Digex interface takes just minutes
8) Many bots require a large deposit in the exchange to work, Digex bots can work with any deposits
9) We will compensate users if any bot errors occur, this motivates developers to constantly improve algorithms. No third-party bot will be able to offer such conditions.
10) The bots built into Digex are constantly being improved and refined by the exchange development team.

How to set up a trading bot?

By creating a strategy without the option “execute the strategy once”, you launch a trading bot that will open, close and reopen positions in accordance with the opening conditions set by the user (this can be the current price reaching a certain level, indicators, receiving a signal from tradingview). Immediately after opening a position, the bot will automatically place take-profit limit orders to fix profits, as well as a stop-loss order to limit possible losses. After reaching a certain level of profit, the system will automatically set a break-even stop-loss (if enabled), which will be triggered if the price reverses back. The user can set up the strategy in such a way as to open and close positions using a single order or using multiple take-profit orders.

The "keep at the top of the order book" option for limit orders allows you to open a position not with a market order, but with a limit order in order to receive a larger number of DIGEX tokens as a rebate. This option will instantly move the price of the limit order, maximizing the chance of its execution. Users can specify take profit as a percentage. For example, you can create 5 take-profits in the strategy with one click with a profit of 1, 3, 5, 7, 10 percent. An important feature of Digex bots: when one of the take profits is executed, the bot does not wait for the next take profits to be executed, but places another opening order in accordance with the strategy, which will subsequently improve the entry price and lead to an increase in profit.

An example of the simplest long squeeze bot that opens a position when the price immediately drops by 1% and averages the position once the price drops by 2%: you need to add 2 opening orders, enable the "by levels" option for each, and specify for the first order in the price field "-1" and for the second "-2". The bot will constantly monitor the current price on the exchange and rearrange the limit order 1% and 2% below the current price. The limit order will be filled only if the squeeze is almost instantaneous, which is very rare (to increase the frequency of opening deals, you can reduce the value from -1, for example, to -0.1%). For a short squeeze bot that "catches" pumps, that is, opens a short when the price rises instantly, for example, by 1%, the value in the price field must be indicated without a minus sign. You can also create a so-called "greed-bot" with certain number of opening and take-profit orders.

What advantages does Digex have over Bitmex?

1) Bitmex is known to get overloaded during high volatility of Bitcoin while there are no such issues in Digex.

2) Bitmex charges enormous commissions for market orders. Digex charges no commissions for any type of orders, period. Instead, Digex provides rebates to takers and makers.

3) While trading in Bitmex traders often encounter insane slippage. In Digex we developed an “anti-slippage” system that gives priority to closing stop-losses and thereby drastically reduces slippage.

4) Automated trading. In Bitmex you will need to manually create each order to open and close a position, you need to calculate the number of contracts you want to buy or sell. In Digex all you need is to create a strategy, specifying which % of your deposit to use and the system will automatically create each order to open and close positions. You can also enable automatic stop loss at break even. In Digex you can create bots of any complexity that will trade according to your strategies, or you can trade directly from the order book using 1-click trade function, or via telegram.

5) You may also like the possibility of hedging: in Bitmex it is impossible to open a position in the opposite direction under the same contract (for example, XBTUSD perpetual swap) without closing the previous position. In Digex we made it possible, you can even create several strategies for one trading pair in the same direction (this option is not available at any other futures exchange).

6) Passive income. You can earn money in Digex without trading, simply by turning on the mirror trading function or by staking.

7) Bitmex does not have its own token; in Digex all active traders receive DIGEX tokens for active trading absolutely free of charge.

8) In Digex each user can create his own trade competition in the "Trade Battles" section and invite their friends to participate.

9) Digex aggregates liquidity from large exchanges (such as Binance, Deribit, Bitmex, Okex, Huobi, etc.)

10) In Digex you can create templates with predefined strategies. Templates allow the user to create several orders which open the position with multiple take-profit orders and a stop-loss order with one click from the order book (in Bitmex you can create only one order with one click from the order book).

What advantages does Digex have over Binance Futures?

Binance exchange recently launched futures trading, but so far it has offered not many significant improvements in functionality or financial conditions compared to Bitmex and other derivatives exchanges.

Binance charges a trade fee from both takers and makers. Instead, Digex provides rebates to takers and makers. Example: if you buy 1 bitcoin in Binance for $9000 and immediately sell it for $9001, you will receive a loss of about $2-8. If you do this in Digex, you will receive a profit of $1 and you will still receive bonus DIGEX tokens for each trade. With a further withdrawal of profit, you simply pay 10% of this profit to the Digex exchange, that is, only $0.1. You can also pay withdrawal fees with DIGEX tokens.

While trading in Binance traders can encounter slippage. In Digex we developed an “anti-slippage” system that gives priority to closing stop-losses and thereby drastically reduces slippage.

Automated trading. In Binance you will need to manually create each order to open and close a position, you need to calculate the number of contracts you want to buy or sell. In Digex all you need is to create a strategy, specifying which % of your deposit to use and the system will automatically create each order to open and close positions. You can also enable automatic stop loss at break even. In Digex you can create bots of any complexity that will trade according to your strategies, or you can trade directly from the order book using 1-click trade function, or via telegram.

In Binance it is impossible to open multiple positions in the same direction (for example, 3 longs with different entry price and leverage) under the same contract (for example, XBTUSD perpetual swap) without closing the previous position. In Digex we made it possible.

Passive income. You can earn money In Digex without trading, simply by turning on the mirror trading function or by staking of DIGEX token (up to 0.5% daily).

In Digex each user can create his own trade competition in the "Trade Battles" section and invite their friends to participate.

Digex aggregates liquidity from other large exchanges, including Binance Futures.

In Digex you can create templates with predefined strategies. Templates allow the user to create several orders which open the position with multiple take-profit orders and a stop-loss order with one click from the order book (in Binance you can create only one order with one click from the order book).

Also, Binance Futures has a balance conducted in USDT, not BTC. That is, with the growth of bitcoin, even if you do not trade, your deposit in btc will decrease. Using USDT instead of USD is an additional risk: the USDT exchange rate at some points is very different from the USD due to the risks associated with the Bitfinex exchange and its lawsuits in the USA.

What advantages does Digex have over Digitexfutures?

Digitexfutures (beta) is a new derivatives exchange that also does not have direct trade commissions (but has indirect ones, such as a high spread ($5), a high liquidation commission, token inflation, etc.). We understand that Digitexfutures has some strong points, such as a large community and a devoted team, and Digitexfutures will add some of our features, which we have been developing during the last 2 years, over time. We believe that competition makes all market participants stronger and is for the benefit of users. Digex has taken into account many of the current limitations of Digitexfutures in its monetization model and functionality.

1. To trade in Digitexfutures, you must convert your entire deposit to Digitexfutures tokens (dgtx). Not all traders are ready to bear such risks, because the exchange rate of dgtx tokens can drop sharply at any time (for example, it has once fallen by 90%). Also, the Digitexfutures exchange makes money by issuing additional dgtx tokens, which will lead to inflation and in the future creates risks of unpredictable dump of the token price (as well as the sale of large volumes of the token by the exchange team, which is largest token holder). We took these risks into account and do not force traders to exchange their deposit for Digex tokens (using Digex tokens is not obligatory, they only give certain bonuses), therefore, the balances of all Digex users are tied to Bitcoin. The number of Digex tokens is limited and Digex cannot issue new tokens under a smart contract, so there will be no inflation. The Digex team does not have Digex tokens, which reduces the risk of token price collapse. Also, 2 satoshi is the lowest price available in Digex orderbook to place a limit sell order, it means there can be no dumps below starting price.

2. In Digitexfutures there are no rebates for makers and takers. Most of exchanges offer rebates for makers. Digex offers rebates both for makers and takers. Digex is the first derivatives exchange with negative commissions, which is much more profitable for active traders.

3. Digitexfutures has a very high liquidation fee. For example, with a 10x leverage, it is enough for the price to change by 5% in the wrong direction for your position to be liquidated. The liquidation fee (about 5%) in this case is 10 times higher than in Bitmex or Binance. In Digex, liquidation conditions are competitive compared to Bitmex and Binance (maintenance margin of about 0.5%). Traders will quickly realise that their positions will be liquidated much faster in Digitexfutures.

4. The “anti-slippage” system in Digex gives priority to stop-loss orders that close positions. This makes slippage much less likely compared to other exchanges where such stop-loss orders do not have priority.

5. The possibility of hedging and multiple positions in Digex. If necessary, in Digex you can open several positions under the same account (including long and short), which is very convenient, because you can trade using different strategies in the same account, allocating a certain percentage of deposit for each strategy.

6. Trade automation: Digex offers free fully customizable bots that can trade using various strategies, even when you are sleeping.

7. Mirror trading (copy trading) in Digex offers passive income. The trades of selected traders will be automatically mirrored in your account. Mirror trading insurance fund will be used to recover your deposit in case of liquidation.

8. Digex also offers high passive income (up to 0.5% per day) using DIGEX token staking, which is paid from a special fund of 15% of all exchange tokens.

9. In Digex each user can create his own trade competition in the "Trade Battles" section and invite their friends to participate.

10. Digex has built-in risk management tools that minimize the loss of the trader.

11. $5 tick size in Digitexfutures means that the spread is 5 times higher than in Digex (many traders call the spread a hidden commission). For example, if in Digex you instantly buy 10,000 contracts with a market order at a purchase price of $10,001 in long and sell at a price of $10,009, then you will earn $8, in Digitexfutures the trader will not be able to make money in such situation, because a market buy will be executed at a price of $10,005, and a market sell will be executed at a price of $10,005.

12. Digex gives the opportunity to trade via Telegram.

13. Digex offers automatic break-even stop-loss order.

14. Digex offers dynamic trailing to maximize profits.

15. Digex aggregates liquidity from large exchanges (such as Binance, Deribit, Bitmex, Okex, Huobi, etc.)

16. In Digex you can create templates with predefined strategies. Templates allow the user to create several orders which open the position with multiple take-profit orders and a stop-loss order with one click from the order book (in Digitexfutures you can create only one order with one click from the order book).

17. Digex offers a very profitable affiliate program.

18. Digex has a fully functional working API.

19. The trading interface of Digex allows you to dynamically change the size and arrangement of blocks.

20. Digex already has a fully functional spot market where users can buy and sell DIGEX tokens with 1 click. 21. Digex provides users with a 5-second chart (as well as 15, 30 sec.), which is indispensable for scalpers.

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Affiliate program

Join our affiliate program and get and make 20-30% of all profit, lifetime! If your friend makes 1 btc profit from his trades, you will get 0.02-0.03 btc. This is much more than other exchanges can offer. You will also get 2-level referral commission.

This is the best way to make money with zero capital involved.

1Register a Digex account and create a unique referral link

2Send referral link to your friend.

3Your friend clicks the link.

4He registers at Digex and you make 20-30% of all profit, lifetime