Detailed Digital Surge Review 2023: pros and cons

By
June 20, 2023

Digital Surge is a versatile crypto trading platform offering a wide variety of cryptocurrencies, including Bitcoin and Ethereum, with an exclusive fiat option of the Australian dollar. Users are provided with a complimentary multicurrency wallet for crypto storage and transaction purposes.

A comprehensive Digital Surge review would highlight its average initial trading fees, the transparency of trades, and top-notch security for user assets and information. Besides trading, users can earn through a referral program, but direct investment isn’t available.

Pros and cons of Digital Surge

Traders Union presents a balanced overview of the pros and cons of using Digital Surge, an Australia-based cryptocurrency exchange platform.

Pros:

  • The exchange supports the trading of a wide array of popular cryptocurrencies and tokens.
  • Each transaction is confirmed and executed within a maximum of 2 minutes.
  • Cryptocurrencies can be deposited and withdrawn instantly, available 24/7.
  • Trading commissions are as low as 0.1%, varying based on the client’s trading level.
  • A complimentary multi-currency wallet is provided to each client.
  • The trading terminal and applications feature enhanced functionality.
  • The platform employs a contemporary security system.
  • Rapid technical support is available via online chat.
  • Besides the typical FAQs section, the platform offers instructional guides for novice traders.

Cons:

  • The platform lacks investment solution offerings.
  • It only supports a single fiat currency, the Australian dollar.
  • Absence of a demo mode for practice trading.

Expert review of Digital Surge

TU experts have conducted a comprehensive review of Digital Surge, a cryptocurrency exchange established in 2017 in Brisbane, Australia. Here are the key insights:

  • Digital Surge operates under a legitimate license (ACN 620473109), demonstrating full compliance with both local and international regulations, with no recorded violations or failure in client obligation fulfillment.
  • It embraces modern standards in technology, security, and functionality, including an adaptive TradingView terminal that allows for personal customization.
  • The exchange features proprietary tools to enhance trading opportunities, focusing on automation and simplification, beneficial for both beginners and seasoned traders.
  • A low entry barrier is maintained with a small minimum deposit of 2 AUD, standard verification, and an intuitive trading terminal.
  • Trading commissions range from 0.1-0.5% based on trading volumes, with no other fees except third-party charges for fund transfers.

Analysis of the main features of this crypto exchange

TU analysts have evaluated Digital Surge across multiple parameters and here are the corresponding scores:

  • Overall Score: 3.51 out of 10
  • Execution of Orders: 3.3 out of 10
  • Investment Instruments: 3.72 out of 10
  • Withdrawal Speed: 3.36 out of 10
  • Customer Support Work: 3.66 out of 10
  • Variety of Instruments: 3.14 out of 10
  • Trading Platform: 3.88 out of 10

Top 5 alternative crypto platforms to Digital Surge

Traders Union has compiled a list of the top 5 alternative crypto platforms to consider in place of Digital Surge.

  • Bybit: Unlike Digital Surge, Bybit supports multiple fiat currencies and offers advanced futures trading with leverage options.
  • OKEx: OKEx, compared to Digital Surge, provides more investment solutions, including spot and futures trading, and supports multiple fiat currencies.
  • Binance: Binance boasts a wider array of cryptocurrencies, investment tools, and a globally accepted platform, outpacing Digital Surge’s offerings.
  • Huobi Global: Huobi Global offers a more comprehensive trading platform than Digital Surge, with advanced investment options and support for various fiat currencies.
  • KuCoin: KuCoin, unlike Digital Surge, offers an array of investment solutions and a wider variety of cryptocurrencies, including many altcoins.

In addition to these platforms, the CoinEx broker is another viable alternative to Digital Surge. CoinEx broker presents an extensive selection of cryptocurrencies, multiple fiat options, and a broad range of investment solutions. It’s a globally recognized platform, well-appreciated for its intuitive user interface and superior customer support.

Conclusion

While Digital Surge offers a solid crypto trading platform, it has limitations in terms of investment solutions and fiat currency support. Exploring alternatives such as Bybit, OKEx, Binance, Huobi Global, KuCoin, or CoinEx may provide more comprehensive options. For more in-depth reviews and recommendations, we encourage you to visit the Traders Union website.