Digital Surge Review: Is it legit, safe and trustworthy for UAE citizens and residents?
Digital Surge is a well-known cryptocurrency exchange located in Australia
that supports the usage of AUD for more than 200 different cryptocurrencies. In
order to provide a holistic trading experience, the platform places a strong
emphasis on instructional features, individualized client service, and user
friendliness. It has both a digital wallet and the capability to pay bills using
Bitcoin as standard equipment. Visit
Digital Surge Website.
Digital Surge is one of the finest cryptocurrency exchanges for novice users because of how easy it is to use and the variety of coins it supports. Even though it performs poorly in the spot market sector for experienced traders, it is popular due to its low trading costs and the fact that it is compatible with bank transfers. However, if you want to learn more about it in depth, you can read our Digital Surge review.
On its website, the Australian cryptocurrency exchange known as Digital Surge provides users with a straightforward user interface with which they can buy and sell cryptocurrencies such as Bitcoin. The platform places a high priority on the user experience and aims to make trading as simple and uncomplicated as possible. It was established in 2017 by Josh Lehman and Dan Rutter in Brisbane, Australia, and its base of operations is there.
Both Lehman and Rutter have more than ten years of experience working in the financial technology business. Because of their expertise and years of experience, the exchange has grown to become one of the most prominent ones in Australia for trading cryptocurrencies.
The establishment of an environment within which users are able to frequently access and trade cryptocurrencies was the major goal behind the creation of Digital Surge.
Tweets by DigitalSurge
The team behind Digital Surge wants to create a digital community that is trustworthy and open to newcomers, and this goal is reflected in the methods they use. They have participated in a variety of community activities in order to raise awareness about cryptocurrencies such as Bitcoin and the ways in which they may be used.
Customers have a great deal of faith in the platform because it provides highly regarded financial services combined with excellent support for customers. The platform provides cost-effective dealings by charging only a nominal charge for trading, as well as fees for deposits and withdrawals.
Digital Surge, which is a cryptocurrency trading platform, takes advantage of fundamental ideas. It is the perfect illustration of an ecosystem that allows users to invest in alternative cryptocurrencies and tokens. The purchase of more than 200 cryptocurrencies is made simple for users, and Australian dollars may be used as the payment method.
As soon as people begin placing cash in the Bitcoin exchange, it will promptly become freely available for investment. Following the completion of the transaction, customers are able to store their monetary assets in a separate reserve while simultaneously taking cryptocurrency payments from any other wallet.
There is also the possibility for traders to sell their crypto holdings in order to generate a profit from the trading of these holdings, if they so want. Digital Surge is the most convenient and secure platform for clients in Australia who are interested in purchasing or selling cryptocurrency.
The most important reason for traders to read evaluations of Digital Surge is to have an understanding of the authenticity of the exchange. Digital Surge is a reputable cryptocurrency exchange that has been registered with AUSTRAC. It is well-known in the cryptocurrency market circuit for not posing a high risk of fraud or being used in illegal activities related to money laundering.
In accordance with the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006, platforms such as Digital Surge are required to gather relevant data in order to ascertain the names of its users, analyze trades, and report any suspicious activity to AUSTRAC.
Transactions that entail the movement of more than 10,000 dollars are scrutinized carefully by the Bitcoin exchange. Because of its well-respected security and well-designed system, there has not been a single instance of breach, fraud, or theft in the past.
In this day and age, every exchange promotes itself as being the finest, therefore it's a reasonable question to wonder why you should select Digital Surge. One argument is not sufficient to choose one option among hundreds of others, but Digital Surge succeeds in various markets. It provides novice traders with a straightforward and user-friendly trading environment, since it was developed with their needs in mind.
Aside from that, the following is a condensed list of the benefits that it provides in general:
A speedy method for establishing one's identification.
Verification of identity and eligibility for trading for all interested parties.
Over 200 cryptos are accessible.
Facilitates the exchange of cryptocurrencies for fiat cash.
Trading pairs, spreads, and fees that are competitively inexpensive are all available.
Invest in cryptocurrencies by means of the spot market.
Trading cryptocurrency should be easy, stress-free, and pleasurable all at the same time.
PayID or POLi payments allow for quick and immediate transfers in Australian Dollars.
An interface that is easy to use and excellent for the routine usage of new traders.
Users are given the ability to pay their bills using Bitcoin.
Services for personal digital wallets that are safe and free to use.
To keep an independent reserve of cryptocurrencies, you can store them in either cold or hot storage.
Customers are provided with supplementary educational resources and professional guidance to educate them on the foundations of bitcoin trading.
Support for customers that is tailored to their needs, quick to respond, and proactive.
Swift to respond to price alerts and withdrawal requests.
Maintains user money in offline cold storage for the purpose of facilitating the highest possible level of security.
Authentication may be performed using two different factors.
satisfies all requirement for liquidity.
Affiliation program offered.
Compatible with investors that use SMSF.
Internet-wide recognition coupled with favorable comments from customers
On its website, you are able to purchase and sell Bitcoin for free, using a variety of different methods.
The Benefits and Drawbacks of Digital Explosion:
Every review of Digital Surge highlights both the benefits and the cons of using the service, which contributes to the company's popularity among new clients. The Bitcoin exchange is well-known for its straightforward approach, but it also provides excellent service in a variety of domains.
The process of trading alternative cryptocurrencies should be user-friendly and straightforward. The only currency accepted for fiat deposits is the Australian dollar.
Provides the ability to use 2FA (two-factor authentication).
The ETH-AUD and BTC-AUD trading pairings are the only ones that are supported by the spot market.
Transparent and easy fee structure.
There is no provision for the processing of credit card transactions.
Capability to keep funds in a storage facility that is not online. Particularly geared for inexperienced traders, to the exclusion of more seasoned investors who may find it difficult to use.
Facilitating speedy Know Your Customer and identity verification processes.
Price and purchase notifications may be easily set up.
Bill payments service offered.
Allows deposits to be made via bank transfers and currencies issued by governments.
Multiple trading pairs available.
The setup of an account is an essential step in the process of using Digital Surge since it enables users to engage in rapid transactions and accrue substantial gains. If clients also complete the fast account verification process, they will be eligible for further bonuses.
The following is a detailed walkthrough of the process to create a Digital Surge account and validate it:
The procedure for creating accounts at Digital Surge
Visit the canonical version of the Digital Surge website.
Examine the "Get Started" option that's available.
Users have the option of registering for a new account or logging in with their Facebook credentials.
Complete the necessary fields, such as your email address and password.
After checking out the terms and conditions area, you may submit the affiliate code.
Now, select the option that says "create your account."
After the loading screen has finished loading, a verification code will be sent to the email address that was supplied by the Australian cryptocurrency exchange.
Simply verify the email, and the procedure will be finished.
You will now arrive at a screen that looks somewhat like this:
Select the "Verify Your Account" button once you have confirmed that the email address is valid.
Follow the directions that are displayed on the screen.
Keep important papers such as your driver's license and passport close to reach.
You will need to provide access to the website's camera in order to perform the facial recognition check.
Following the submission of the papers, the platform will conduct an evaluation of the request.
When the verification is finished, you will receive an email notification.
The pricing structure of Digital Surge is one of the key elements that contributes to the company's enormous popularity. In general, other exchanges impose the following three categories of fees on their customers:
Customers of Digital Surge are not required to make any sort of minimum deposit in order to use the service. When users make deposits using PayID, they will not be subject to any fees of any kind. If you make deposits via POLi payments, there will be a fee that ranges from two dollars to three and a half dollars.
If you choose to withdraw using AUD as your mode of payment, you won't be subject to any fees. In the event that bitcoin is being withdrawn, there will be fees assessed to cover the cost of the blockchain transaction.
When it comes to trading fees, the costs are determined by the customer's average daily trade volume over the previous 30 days. If the trading volume is less than 1,500,000 dollars, the minimum costs are 0.1 percent. The costs are adjusted once every four hours, and they rise proportionately to the decline in trading volume.
The following is a rundown of the various fees:
If the volume of exchanged dollars is less than 100,000 dollars, the fee is 0.5 percent.
If the total amount of money transacted is less than 250,000 dollars, a 0.4 percent fee will be assessed.
If the volume of exchanged dollars is less than 500,000 dollars, the discount is 0.3 percent.
If the volume of exchanged dollars is less than one million dollars, the discount is 0.2 percent.
If consumers trade large quantities (over one million dollars), they will be charged an additional 0.1 percent.
Users should take note of the following information. PayID is a payment mechanism that can only be used with a customer's own personal bank account. There is a daily maximum of one thousand dollars that may be deposited using the POLi payment option. Check out this link for further information on the cost plan for Digital Surge.
The Bitcoin exchange has assured customers that it is working to reduce the fees as much as possible. They actively work on feedback and new features in order to assist traders in withdrawing their monies as quickly as possible.
Because it does not support payments made with debit cards or credit cards, Digital Surge is not renowned for its payment processing capabilities. Additionally, it is incompatible with digital wallets such as PayPal as well as investments in cash. Despite this, it continues to accept a wide variety of common ways to deposit monies, including the following:
PayID and POLi payments used to make deposits of fiat currency.
The process of investing funds using fiat currency is immediate. On the other hand, if a consumer pays using a bank transfer, the payment could not be received for up to two business days.
Customers have a choice between two different activities inside the trading area of the Bitcoin exchange. The first one is called Markets, and it's where users can exchange cryptocurrencies like Ethereum and Bitcoin with one another. The second option is Buy & Sell, which facilitates immediate transactions for purchasers.
When you trade using the immediate option on certain other exchanges, you are subject to a greater fee. On the other hand, the fast Buy & Sell service provided by Digital Surge stands out owing to its consistent charge of 0.5 percent. Customers can take advantage of costs that are comparable for both options depending on the volume of the trades and the spreads.
Despite this, market participants have to make use of the quick purchasing opportunity right now because the alternative is to trade in low volume. Traders are able to pick from a variety of cryptocurrencies, including Bitcoin, because the platform does not support limit orders and its website functions as a PWA.
The buy and sell functions of the platform are remarkably user-friendly, which makes currency trading an easier endeavor for any trader. Despite this, digital currency exchanges continue to exhibit the highest trust in the idea behind crypto and its current increase, which is helping the sector become more popular. And the Digital Surge platform is one of those other platforms!
The user interface of Digital Surge makes it immediately clear that the platform is designed with novice traders in mind. The dashboard provides rich details for easy trade, which allows it to blend in well with the overall concept. Customers are able to get an overall look at the portfolio, which is presented on the screen along with pricing, exchange rates, and the performance of the top gainers.
Simply tapping any currency will bring up an in-depth analysis, a live chat, and high/low volume options. It performs its function flawlessly, making it possible for inexperienced traders to carry out trades without experiencing any difficulties.
The security measures of Digital Surge eliminate any and all concerns regarding the users' safety. In addition to providing the advantage of two-factor authentication, it is equipped with highly regarded security technology methods.
In addition, the exchange protects its customers' digital currency holdings by storing them in both a cold and a hot Digital Surge wallet. Customers may feel at ease and keep their cryptocurrency in Australia thanks to the country's independent reserve mechanism while using this strategy. It is a testament to its skills that there has not been a single instance of data theft or breach ever since the company was founded.
Customers have the ability to purchase Bitcoin as well as more than 220 other tokens on the exchange. Some of the most often used alternatives are as follows:
Bitcoin Cash in Full (BCH)
Stellar Lumens (XLM)
Basic Attention Token on the NEO Blockchain (BAT)
In terms of the countries that are supported, the trading platform is currently only available in Australia.
The customer service team at the Digital surge cryptocurrency exchange is known for their quick responses and individual attention. Customers may contact them via email or live chat with any questions or concerns they may have. Learn about trading and how to get started using this platform's helpful Bitcoin Pay Wizard. It also has a section dedicated to commonly asked issues in order to alleviate strain on the live support staff.
Because of this, the majority of Digital Surge reviews and ratings give it a favorable rating. It receives a score of four out of five stars on both Reviews.io and TrustPilot.
In 2017, Josh Lehman and Dan Rutter launched a cryptocurrency trading platform known as Digital Surge. The company is situated in Brisbane. The relatively new site now supports more than 200 different cryptocurrencies, including Bitcoin, and features an intuitive user interface.
It does a good job of serving its goal and enables novice traders to acquire and sell cryptocurrencies. Anyone who wants to invest money in crypto markets and make a profit should use Digital Surge since it is the fundamental answer to their problem. Because trading Bitcoin on it is so straightforward, it stands apart from the great majority of other cryptocurrency exchanges.
Users are provided with a Digital Surge wallet in which they may keep their cryptocurrency, in addition to other amenities like as fast buy-sell and live chat assistance. The fact that Digital Surge is working so hard to integrate its bitcoin community makes it Australia's premier trading platform.
A secure cryptocurrency exchange, Digital Surge provides both cold and hot wallet storage options for its users. It even provides two-factor authentication, and there have been no reported security flaws since 2017. As a result, the platform does not compromise users' privacy when they deposit money or provide personal information.
Does Digital Surge Have an App? There is not a mobile app available for the platform at this time. However, its website is constructed as a Progressive Web App (PWA), which enables users to have an experience on the site that is comparable to that of an app.
Customers are able to utilize the website of Digital Surge as an app; however, the company does not provide a specific mobile application.
Is There a Referral Program Available at Digital Surge? On Digital Surge, customers are able to take advantage of referral schemes, thus the answer is yes. You will receive fifty percent of the commission on any trade costs incurred by customers that you refer to the platform.
Especially now, when interest rates are so low, diversifying your investment
portfolio with cryptocurrency is becoming increasingly popular. Cryptocurrency
is all over the news, and it's becoming a popular method to diversify your
financial portfolio. But how exactly does one come into possession of
cryptocurrency? Utilizing a reputable cryptocurrency exchange, such as Digital
Surge, is the method that is most user-friendly. Digital Surge is our top
recommendation for cryptocurrency exchanges, and it is an Australian crypto
platform that was developed specifically for Australian investors.
Digital Surge was established by individuals with backgrounds in information technology; hence, the quality of their technology is exceptional. The company's first goal was to simplify the process of investing in cryptocurrencies by removing unnecessary layers of complexity. It will become clear to you after reading this review that they have done an excellent job with it.
Two individuals with the goal of making purchasing and trading cryptocurrencies simpler and more convenient established Digital Surge. Here are a few of the highlights:
Website that is safe to use, together with access to a digital wallet
Withdrawals in AUD are free of charge.
Reduced spreads, averaging only 0.21 percent across the whole (according to Marketplace Fairness test)
The trading costs are only 0.5 percent, and they can be reduced further if the trading volume is raised.
AUD is used as the base currency.
Mobile app available
Over 300 different cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and Doge, are supported.
With an average rating of 4.8 stars on Reviews.io, Premium Live Chat assistance is available.
Because of Digital Surge, it now takes significantly less than two minutes to get set up and begin trading. To tell you the truth, one of their finest attributes is their quickness. When it comes to trading crypto, things may move very quickly. You will have the ability to stay on the cutting edge of development by utilizing Digital Surge. You don't want to be caught off guard by a shift in the price of cryptocurrencies because you were unable to get into your account on time.
Additionally, they have built its user experience to be simple and uncomplicated. They have spent years in the IT industry, and as a result, the founders of Digital Surge have crafted the experience at their cryptocurrency firm to be the most user-friendly in the industry. To go back to our last discussion, one of the reasons why making investments might be difficult at times is because of how quickly the market can change. This is true for all markets, but it is especially true for the cryptocurrency market. Digital Surge ensures that you won't be left wandering in your dashboard trying to figure out how to acquire the next hot coin or dump a crashing one by simplifying their interface. This ensures that you won't have to waste time.
They have also provided a mobile app for users, recognizing the significance of both speed and convenience. When you hear that there is going to be a shift in the market, you won't need to go get a laptop or tablet because you won't have to do that anymore. You may do all of your business directly from your mobile device.
Don't be concerned about anything, even if you run into problems. Customer service at Digital Surge consistently receives great scores. They offer a customer care service situated in Australia that can be reached by Live Chat or email at any time of the day or night. You may even organize a conversation with a Client Manager if you want to take things a step further with their customer care. These individuals are well-versed in crypto and may provide assistance in formulating an individual plan for your financial investments. Even fewer investment organizations, regardless of the kind, provide service on that level, much less in a manner compatible with cryptocurrencies.
Because Digital Surge got its start in the technology industry, the company recognizes the significance of being innovative. Because of this, they have made a significant advance in the realm of cryptocurrencies by introducing a bill payment service that is powered by BPAY. Something like this hasn't been done before, to our knowledge. You are able to use Bitcoin to pay any bill in Australia when you use Digital Surge. You are able to make the payment directly from your Digital Surge account so long as the account in question has a biller code associated with BPAY.
This advantage of being able to pay one's bills online may actually save one a lot of time and money. Digital Surge is for you if you're attempting to bring the management of your assets into the 21st century and don't want to pay the expenses associated with converting cryptocurrency to AUD every time an expense comes up. You may use BPAY to pay any anything, from a credit card bill to a charge for your utilities, as long as the biller has a biller code.
A helpful tidbit that was provided by a colleague. You should make sure that you check the price of Bitcoin whenever you use the bill pay function of Digital Surge. This is because you may really be able to save money if you pay a bill at a time when the price of Bitcoin is rather high. This is an excellent strategy for offsetting the high interest rates that certain credit cards impose on its users. You may save quite a deal of money by timing your interest payments and other obligations to coincide with times when Bitcoin prices are at their highest.
Because Digital Surge strives to make the process of investing in cryptocurrencies as simple and uncomplicated as possible, they also provide an extensive library of articles that are written with novice investors in mind. The Bitcoin for Beginners guide was one that we went through, and it was packed with useful hints and information that helped us better comprehend block-chain technology and the safety measures it possesses.
When you sign up for an account with Digital Surge, you won't just get access to this library; you'll also be able to talk to their customer care about the articles themselves and ask questions about how to put what you've learned into practice in your actual investments.
You may check out their blog once you have become an astute investor, or if you currently are one, you can go ahead and do so. On it, you will be able to read the most recent information on everything occurring in the world of cryptocurrencies. This may be an extremely helpful resource for developing or putting into action your own personal plan, providing information on anything from which currencies to avoid to which ones may be on the increase.
In the context of being a shrewd investor, Digital Surge provides a number of tools that will assist you in maximizing your earnings while minimizing the amount of effort required.
The price alerts are one of the tools available. You may tell the Digital Surge app to send you a notification when the price of particular coins falls below a certain threshold by going to the dashboard of the app. After that, you may research the current state of the market to choose how you want to proceed with your investment. Additionally, you have the option to set the alert to inform you when the price has been reduced.
If you want to optimize your time even further, you can enable your Digital Surge account to not only inform you of price changes but also to automatically make a transaction when a price point is triggered. This is something you can do if you want to optimize your time even further. When the market is moving quickly, you may take advantage of these advanced orders to avoid even having to log in to your account. When the price of a coin that has been causing you concern suddenly goes up, Digital Surge will handle the exchange for you instantly.
For the Australian investor, placing an advance purchase is practically essential. It implies that you don't have to worry about a market meltdown taking place in Europe while you were asleep, or about any other cryptocurrency development that takes place halfway across the globe. Trading has advanced to this next level, and Digital Surge possesses it.
Due to the fact that the employees at Digital Surge come from the technology industry, they have even taken it a step further with something that they term Dollar-Cost Average. Through the use of this technology, Digital Surge will calculate an average for your current investments and will plan buys to occur at certain intervals of either price or time.
Staking is not yet an option on the Digital Surge platform because it is only a basic cryptocurrency exchange; however, we anticipate that this will change in the not too distant future. I would recommend Swyftx to you if you are looking for a straightforward cryptocurrency exchange that also supports staking. Late in 2021, they implemented staking for their cryptocurrency exchange.
Cryptocurrency traders who have more experience may be sad to learn that other platforms, such as Binance, offer more complex markets. Digital Surge does not provide any of the several markets that are available on Binance, such as futures trading, margin trading, peer-to-peer trading, or even an NFT marketplace.
The prices offered by Digital Surge for immediate trading are the most competitive we could find, coming in at 0.5 percent. Also, if you are interested in becoming a high-volume investor, there is a scale that you may follow to see how your fees change. After a monthly volume of $100,000 for thirty days, the rate drops to 0.4 percent. If you are a trader who does an extraordinarily high amount of business, you may be able to negotiate prices as low as 0.1 percent.
They also have the most competitive spreads, with an average of only 0.21 percent. The difference between the current buy and sell prices of a cryptocurrency is referred to as the spread. It is elaborated upon in this space. As a result of this test, it is clear that Digital Surge has the lowest fees and spreads combined when compared to other Australian cryptocurrency exchanges. On the other hand, other exchanges have quite large spreads.
In this review, we have emphasized that the creators of Digital Surge come from an IT background; this is something that is particularly evident in the security elements that they have included. To begin, a procedure known as "hashing and salting" is used to encrypt each and every user password that is stored on their end. Because of this procedure, it will be significantly more challenging to hack into your credentials.
In addition to all transactions occurring over encrypted SSL, another degree of security is added by the fact that application credentials are saved in a location that is distinct from both the database and the code base used by Digital Surge. Concerning the storage of your personal assets, Digital Surge uses both "hot" wallets, which are linked to the internet, and "cold" wallets, which are not connected to the internet. This implies that you may take use of the simplicity and convenience offered by online wallets while also benefiting from the additional protection offered by disconnected wallets.
Digital Surge has the lowest total fees and spreads of any other trading platform (0.71 percent )
Bitcoin bill payment is an innovative and forward-thinking option.
Support for customers offered live and situated in Australia
Over 300+ coins available
UX that is sleek and appealing to users
Excellent resources for academic study
4.8 star average reviews
Exclusively for residents of Australia
No staking available
There are thousands of cryptocurrency exchanges available, but only a few of them are tailored specifically to the needs of Australian customers. The user interface, reasonable costs, excellent customer service, and cutting-edge technologies are some of Digital Surge's many strengths.
Any potential investor in Australia should give Digital Surge a go in our opinion. Their affiliate network is a fascinating potential for future expansion, and the fact that they offer bill pay makes them a one-of-a-kind investment opportunity for the modern investor who also has other financial worries.
I'm just starting out in trading; would you recommend Digital Surge to me? It is a good choice since it is easy to use and provides help around the clock if you have any questions or run into any problems. In addition to that, the website for Digital Surge features a plethora of educational resources that can be accessed online. We feel that Digital Surge is an outstanding choice for beginning traders due to the fact that they have a library of articles that explain how to get started as well as a blog area that is full with material that is current.
Is Digital Surge safe? Absolutely. We've looked at a lot of different cryptocurrency exchange websites, and Digital Surge boasts some of the most robust security measures we've seen. Digital Surge has utilized all of its IT expertise to ensure the security of their business for their customers, including hashing and salting their passwords and encrypting their SSL connections.
How reliable is the online bill pay service? It does, and it's an incredible asset for the contemporary Australian in my opinion. You are able to pay any bill in Australia using the Bitcoin that is already stored in your Digital Surge wallet so long as the bill that you are paying has a Bitcoin biller code associated with BPAY. This might end up saving you both time and money.
How much time is required to create an account with Digital Surge? It will just take you a minute and a half. Within a span of only two minutes, your account may be established and validated. PayID and POLi make it possible for you to make quick deposits of AUD into your account, allowing you to immediately begin trading. The foundation of the entire Digital Surge concept is a streamlined and uncomplicated interaction with the customer.
The cryptocurrency exchange known as Digital Surge allows users to directly
buy Bitcoin with Australian Dollars or invest in more than 300 different
currencies. In this review, we will provide an overview of our experience using
one of the best cryptocurrency exchanges in Australia and evaluate the important
aspects of a crypto exchange, such as deposit methods, trading fees, security,
and customer support. In addition, we will discuss our experience using one of
the best cryptocurrency exchanges in Australia.
Buying, selling, and storing bitcoin in Australia has never been made more convenient than it is with Digital Surge, which is a cryptocurrency exchange. The platform makes dealing with cryptocurrency as pleasurable and straightforward to comprehend as is humanly feasible by placing an emphasis on simplicity. Digital Surge, which has its headquarters in Brisbane, is a welcoming and tight-knit team that is dedicated to fostering trust and transparency within the cryptocurrency community. As part of this mission, the team participates in a number of community events that aim to raise awareness about the sector.
The top cryptocurrency exchange in Australia, Digital Surge, has a platform that is user-friendly for beginners and allows users to buy, trade, and sell more than 300 different digital assets. Investing in Bitcoin and other cryptocurrencies is made straightforward and uncomplicated by the outstanding mobile app and user experience of the Bitcoin platform. Digital Surge is regarded as the best cryptocurrency exchange for Australians, with an average rating of 4.8 out of 5 stars based on 354 customer reviews.
When it comes to buying and selling cryptocurrency in Australia, Digital Surge is an excellent choice. A significant competitive edge in the market is represented by a contemporary user experience, both on the PC and on the mobile app; quick AUD deposits and withdrawal methods; and 0.5 percent trading costs. The only drawback that we were able to identify with Digital Surge is that, unlike some of its rivals, it does not enable deposits made with credit or debit cards or the staking of cryptocurrency.
Digital Surge Pros:
A crypto exchange that is both regulated and licensed by AUSTRAC and ASIC
The design is contemporary and user-friendly, making it appealing to investors of all experience levels.
Direct payments and withdrawals in Australian dollars (AUD) made instantaneously to a bank account.
One of the exchanges in Australia with the smallest spreads and the lowest fees.
Support service that is very quick to respond to inquiries
Digital Surge Cons:
No credit/debit card support to deposit AUD
Does not provide services related to staking cryptocurrencies.
One of the most common ways to deposit Australian Dollars on Digital Surge is through a bank transfer. The following table provides a comparison of many alternative exchanges, including Digital Surge, that enable investors to start trading after making a deposit of cash via a bank transfer. Swyftx, Binance, and CoinSpot are a few examples of alternatives that have a good reputation.
The cryptocurrency exchange known as Digital Surge is completely legal and has been registered with both ASIC and AUSTRAC. The firm abides by stringent financial rules in order to reduce the likelihood that criminals would use cryptocurrency exchanges for illegal activities such as money laundering, financing of terrorism, or cybercrime. Before being able to purchase cryptocurrency, all newly registered users are initially put through a Know Your Customer (KYC) verification procedure.
Regulated entities such as Digital Surge are required by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to collect information to establish the identity of a customer, monitor transactions, and report to AUSTRAC any transactions or activity that is suspicious or involves large amounts of cash over $10,000.
Digital Surge provides a secure environment for users to purchase and trade cryptocurrencies by adhering to the highest security standards in the industry. Two-factor authentication (2FA) and offline cold storage wallets are two examples of the types of security procedures that may be implemented on a platform to assist ensure that client money are kept safe. Since its inception, Digital Surge has not had any known breaches or losses of cash.
Trading platform that is user-friendly and accessible to beginners, Digital Surge allows users to buy, sell, and trade digital currencies. The trading experience has been meticulously developed and implemented throughout to make the activity easier to understand and complete. In order to buy cryptocurrency, new users must first register for an account, verify their identification, and then deposit Australian dollars immediately. The user interface has a clean and simple design that is pleasant to the eye and makes it simple to use in order to monitor a portfolio, recent gainers, and currencies that have been watch listed.
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Digital Surge offers one of the broadest selections of cryptocurrencies that can be purchased and sold. The exchange supports more than 300 different coins, making it one of the cryptocurrency markets with the most options. Users are able to purchase and sell cryptocurrency quickly because to Digital Surge's immediate AUD deposit and withdrawal capabilities. Each coin is presented with its matching buy and sell price in AUD, as well as the price change that has occurred over the course of the last twenty-four hours. There is an option available to put a user's preferred cryptocurrencies to a "watchlist" for easy access.
With a maximum charge of 0.5 percent for both buy and sell deals, the Digital Surge cryptocurrency exchange is one of the most cost-effective cryptocurrency exchanges in Australia. The trading costs on Digital Surge are the lowest compared to those of other respected providers such as Swyftx (0.6 percent), CoinSpot (1 percent), and BTC Markets (0.85 percent). When trading substantial quantities above $1 million in a 30-day period, the cost can be decreased to 0.1 percent each trade, which is a significant savings. In addition, the spreads are an average of 0.4 percent each transaction across all of the coins that are supported.
In general, Digital Surge provides excellent value for the money, and it is one of the most cost-effective sites in Australia to purchase alternative cryptocurrencies owing to the fact that it has minimal trading costs and has low spreads. The table that follows is a comparison of the various trading fee structures offered by the most prominent exchanges in Australia.
Users will have to go through a registration procedure in order to set up a trading account with Digital Surge. This is required in order to register an account. A user's email address will be required in order to use the Digital Surge exchange. After confirming their email address, users are then able to go on to the next step of the basic account creation procedure and log in to Digital Surge.
The identity verification procedure at Digital Surge is made as simple, risk-free, and prompt as it can possibly be thanks to the usage of RapidID and two-factor authentication. Users may get their accounts verified in a matter of minutes by using the camera on their smartphone (for a face recognition check) in conjunction with a government-issued piece of identification, such a passport or an Australian driver's license.
The variety of deposit options that may be used to fund an account with Australian dollars on Digital Surge will be suitable for the majority of investors in Australia. Residents of Australia who have access to a bank account can use any of the payment options that are readily available to them. Bank transfers, POLi payments, and PayID payments are all acceptable deposit options for Australian Dollars.
PayID. The best way to add Australian Dollars to an account. The usage of the service is completely free of charge, and the money will be sent into your Digital Surge account within one minute. There is a maximum investment limit of $20,000 per hour, and dollar-cost averaging and first-time investors are encouraged to use this strategy.
POLi Payments. This service is offered by Australia Post, and it has a limit of $8,000 every 24 hours. Additionally, there is a modest transaction cost of $2.00, which may go up to a maximum of $3.30. Within one minute, the money will be placed into an account with Digital Surge, where they may then be used to purchase Bitcoin or any other digital currency.
Digital Surge does not provide support for credit cards, debit cards, cash deposits utilizing Flexepin or PayPal. Swyftx is the only exchange in Australia that accepts bank cards as a payment method for purchasing cryptocurrency.
The user interface of Digital Surge includes a straightforward and uncomplicated dashboard that gives customers the ability to examine their Portfolio in its entirety in order to monitor how well their investments are doing. The UI gives users the ability to track their favorite currencies inside a personal Watchlist, making it easy to observe which coins are performing the best (and the worst) with a list of the Top Gainers. Simply clicking through on any one of them will take you to a website with further information on each item.
Users may get started by clicking on the asset that they want to buy, which will show up the live chart as well as the price in AUD. There are input sections where you may specify the quantity you want to buy using the money you've already placed. If a user wants to buy Bitcoin, for instance, they first choose Bitcoin from the list of assets, and then they are sent to the page that contains information on the currency. A text box for entering the amount of Australian dollars desired to purchase bitcoins is displayed. The sum shown in decimal format is the equivalent in Bitcoin based on the current market price.
Individuals in Australia will now be able to use Bitcoin to pay any bill or credit card statement thanks to a tool offered by Digital Surge (BTC). In order to make a payment using Bitcoin, users will require the BPAY information of the merchant. A wizard walks you through the steps of the procedure to make it as simple as possible. Investors who want to spend their funds but don't want to be forced to convert their Bitcoin into AUD will find this to be an excellent choice.
The procedure is carried out with the assistance of a wizard, who provides the options to:
Pay BPAY bill
Charge it to your credit card.
Transfer money to a bank account.
When one of the payment methods has been decided upon, the BPAY information for the merchant may then be entered. The user's Digital Surge wallet or another type of offline cryptocurrency hardware wallet will be accessed in order to get the monies.
The transaction fees assessed by Digital Surge for quick buying and selling are a flat 0.5 percent. When compared to the rates offered by other exchanges in Australia, such as Swyftx, CoinJar, and Independent Reserve, this one offers a comparable deal. Users that engage in high amounts of trading on the exchange will be subject to a new fee structure, which will be calculated based on the rolling 30 day transaction volume. The trading volume is calculated every per hour, and if it is high enough, the trading costs might be lowered to 0.1 percent even if the volume is over one million Australian dollars. Binance does not differentiate its fees for different types of trading; they are all the same.
When opposed to using another exchange like Swyftx, for example, the trading charge savings offered by Digital Surge are an advantage of utilizing this particular platform. Fee reductions can provide greater value for money, particularly for dealers who do big volumes of business.
It has one of the broadest selections of cryptocurrencies in Australia because to Digital Surge's provision of over 270 alternative cryptocurrencies. The fact that the site lists various different DeFi tokens and meme currencies, such as Shibu Inu and Dogecoin, that can be purchased gives investors a wide variety of options to choose from. The following are the major coins that are supported:
Stellar Lumens (XLM)
Theta (THETA), NEO (NEO)
Attention Getting Symbol Primitive (BAT)
When it comes to assuring the complete safety of its clients' assets while they are stored on its platform, Digital Surge prioritizes security above all else. The cryptocurrency exchange utilizes industry-leading security methods, such as two-factor authentication, which is necessary for both logging in and making withdrawals, as well as the storing of hot wallets. The exchange is carried out through a secure socket layer (SSL) connection, which encrypts the data, and all of the passwords are hashed and salted to provide the highest level of safety for the users' personal information.
The customer care staff at Digital Surge is kind and helpful, and they can be reached by a live chat app or by email at any time. According on our previous encounters, the response time of the live chat bot is often within a couple of minutes. Customers have expressed satisfaction with the quality of service provided by Digital Surge, a cryptocurrency exchange that has earned a rating of 97 percent approval and comes highly recommended.
Does Digital Surge Support SMSF Investors? Those residents of Australia who have their own Self Managed Super Funds (SMSF) and are interested in investing in cryptocurrencies through their super funds can register an account with Digital Surge. Using Australian Super, investors are able to purchase cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and over 200 other cryptocurrencies.
In which countries does Digital Surge offer its services? When it comes to buying, selling, and trading cryptocurrencies, the Digital Surge trading platform exclusively supports individuals located in Australia and New Zealand. International citizens who live outside of these locations will be required to utilize a worldwide fiat-to-cryptocurrency conversion that is compatible with the fiat currency of their home country as well as their preferred form of payment.
Does Digital Surge Have Staking? Staking is not presently available on the Digital Surge platform, thus clients cannot currently keep assets there in order to receive crypto staking incentives.
Is There Some Kind Of Referral Program Available? One of the most successful cryptocurrency affiliate schemes in Australia is Digital Surge. It is the policy of Digital Surge to distribute fifty percent of the fees collected from all trades executed by accounts that any user has referred. Users are able to earn passive income by recommending their friends and family members using this leading referral program in the industry.
To sum up our analysis of Digital Surge, the platform for buying, selling, and trading cryptocurrency in Australia is user-friendly and intuitive, making it ideal for novice investors. Users who are seeking for a Bitcoin and cryptocurrency exchange that provides low trading costs, is simple to use, and has good customer service and has a satisfaction rating of 93% may think about utilizing Digital Surge.
Sites like Digital Surge in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.