Digital Surge Review 2022
Digital Surge is a well-known cryptocurrency exchange located in Australia that supports the use of AUD for more than 200 different cryptocurrencies. In order to facilitate a comprehensive trading experience, the platform places a strong emphasis on educational tools, individualized customer support, and user-friendliness. It includes both a digital wallet and the capability to pay bills using Bitcoin as standard equipment.
Digital Surge is the best cryptocurrency exchange in Australia for new users because of how easy it is to use and the variety of cryptocurrencies it offers. Even though it performs poorly in the spot market section for experienced traders, it is popular due to its low trading fees and the fact that it is compatible with bank transfers. However, if you want to learn more about it in depth, you should read this Digital Surge review.
Understanding – Digital Surge
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 is situated in Brisbane and was launched back in 2017 by Josh Lehman and Dan Rutter.
Both Lehman and Rutter have more than ten years of experience working in the financial technology sector. Their expertise and years of experience are readily apparent in the exchange, which has grown to become one of the most significant cryptocurrency exchanges in Australia.
The establishment of an environment within which users are able to routinely access and trade cryptocurrencies was the primary goal behind the creation of Digital Surge.
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 proceedings 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 trading services in addition to excellent customer support. The platform provides cost-effective dealings by charging only a nominal fee for trading, as well as fees for deposits and withdrawals.
How Does Digital Surge Work?
Digital Surge, which is a cryptocurrency trading platform, takes advantage of fundamental concepts. 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 can be used as the payment method.
As soon as people begin placing funds in the Bitcoin exchange, it will promptly become freely available for investment. Following the completion of the purchase, 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 desire. Digital Surge is the most convenient and secure platform for customers 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.
According to the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006, platforms such as Digital Surge are required to collect relevant data in order to establish the identity of their users, review deals, and report any activities that may be suspicious 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.
Why Choose Digital Surge?
In this day and age, every exchange promotes itself as being the finest, therefore it’s a reasonable question to wonder why you should choose 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, as it was developed with their needs in mind.
Aside from that, the following is a condensed list of the advantages that it provides:
• A speedy procedure for confirming one’s identity.
• A streamlined verification process for traders that are interested.
• Over 200 cryptos are available.
• Enables the buying and selling of cryptocurrencies for traditional currencies.
• Trading pairings, spreads, and fees that are among the lowest in the industry.
• Invest in cryptocurrencies by way of the spot market.
• Trading cryptocurrency should be uncomplicated, stress-free, and pleasurable.
• Deposits can be made quickly and immediately in AUD by using PayID or POLi payments.
• An intuitive graphical user interface that is perfect for the everyday use of new traders.
• Enables customers to utilize Bitcoin to pay their bills.
• Services for private digital wallets that are both safe and free.
• A choice between cold and hot storage in order to keep an independent reserve of cryptocurrencies.
• Additional educational resources and the guidance of industry professionals to instruct customers in the principles of bitcoin trading.
• Support for customers that is individualized, reactive, and proactive.
• Lightning-fast response times for price alerts and withdrawals
• Maintains user funds in an offline cold storage facility to provide the highest possible level of security.
• It allows for authentication using two different factors.
• Satisfies every requirement for liquidity.
• There is a program for affiliation available.
• Suitable for use by investors using SMSF.
• Well-known on the internet, with positive comments from customers.
You can purchase and trade Bitcoin for free on the website of the company that created it, depending on the method you use.
Analyzing the Benefits and Drawbacks of Digital Surge
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 following is a brief summary of some of its advantages and disadvantages:
Pros:
• Easy to use and understand, making it ideal for trading alternative cryptocurrencies.
• Provides the ability to use 2FA (two-factor authentication).
• Transparent and simple fee structure.
• The capacity to store funds in cold storage that is accessible only offline
• Processing of KYC and identity verification requests in a timely manner.
• It is simple to set up price alerts and buy notifications.
• Bill payments service provided.
• Accepts deposits made using fiat currency as well as transfers from other banks
• Multiple trading pairs available.
Cons:
• The only currency accepted for fiat deposits is the Australian dollar.
• The trade pairs ETH-AUD and BTC-AUD are the only ones supported by the Spot market.
There is no provision for the processing of credit card transactions.
• Primarily focuses on novice investors and traders, which makes it less useful for more seasoned investors.
Where can I find instructions on how to create an account on Digital Surge?
The setup of an account is an essential step in the process of using Digital Surge since it enables users to engage in rapid trades 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 verify it:
The procedure for creating accounts at Digital Surge
• Navigate to the Digital Surge website that is officially sanctioned.
• Select the “Get Started” option from the menu.
• Users have the option to join up for a new account or sign up using their Facebook credentials.
• Provide the necessary information, such as an email address and a password.
• After checking out the terms and conditions area, you can then submit the affiliate code.
• At this point, select the option to “create your account.”
• When the loading screen on the Australian cryptocurrency exchange has finished loading, the exchange will send a verification code to the email address that was provided.
• Once you have confirmed the email, the process will be complete.
• At this point, you should see a screen that looks somewhat like this:
Verification
• Once you have confirmed your email address, select the “Verify Your Account” option from the menu.
• Read all of the directions that are displayed on the screen.
• Always have important documents on hand, such as a passport or driver’s license.
• In order to conduct the face recognition check, you will need to provide camera access to the website.
• Once you have uploaded the necessary papers, the system will evaluate your request and provide feedback.
• Once the verification process is complete, you will receive an email notification.
Digital Surge Fees
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:
• Transaction costs
• Deposit fees
• Withdrawal fees
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. There will be a fee ranging from $2.00 to $3.30.00 assessed to your account if you want to make deposits via POLi payments.
If you choose to withdraw using AUD as your mode of payment, you won’t be subject to any fees. In the event that cryptocurrency is being withdrawn, there will be fees assessed to cover the cost of the blockchain transaction.
When it comes to trading fees, the charges are determined by the customer’s average daily trade volume over the previous 30 days. In the event that the trading volume is less than 1,500,000 USD, the minimum charges are 0.1%. The fees 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 traded dollars is less than one hundred thousand dollars, the fee is 0.5%.
• If the volume of traded dollars is less than 250,000 dollars, the fee is 0.4%.
• If the volume of traded dollars is less than 500,000 dollars, the fee is 0.3%.
• If the volume of traded dollars is less than one million dollars, the commission is 2%.
• If customers trade huge volumes (above one million dollars), they will be charged 0.1%.
Users should take note of the following information. PayID is a payment method that can only be used with a customer’s own personal bank account. There is a daily maximum of one thousand dollars that can be deposited using the POLi payment option. Check out this link for additional information regarding the fee 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.
Methods of Payment That Are Honored By Digital Surge
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:
• Deposits of fiat currency made possible via PayID and POLi payments
• Cryptocurrency deposit
The process of investing funds using fiat currencies is immediate. On the other hand, if a customer pays with a bank transfer, the payment might not be received for up to two business days.
Buy & Sell at Digital Surge
Customers have a choice between two different activities within 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 instant option on some other exchanges, you are subject to a greater fee. On the other hand, the fast Buy & Sell service provided by Digital Surge stands out due to its consistent fee of 0.5%. Customers can take advantage of charges that are comparable for both options depending on the volume of the trades and the spreads.
Despite this, market participants ought to make use of the quick purchasing window right now because the alternative is to trade in low volume. Traders are able to choose 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 faith in the idea behind crypto and its current increase, which is helping the industry become more mainstream. And the Digital Surge platform is one of those other platforms!
Digital Surge Interface
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 perfectly 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.
Surveillance for the Digital Boom
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 can feel at ease and store their cryptocurrency in Australia thanks to the country’s independent reserve mechanism while using this strategy. It is a testament to its capabilities that there has not been a single instance of data theft or breach ever since the company was founded.
Countries as well as Their Respective Currencies That Digital Surge Supports
Customers have the ability to purchase Bitcoin as well as more than 220 different tokens on the exchange. Some of the most widely used alternatives are as follows:
The Bitcoin Cash Symbol (BCH)
• Ethereum (ETH)
• What is Bitcoin? (BTC)
• Litecoin (LTC)
• Undulation (XRP)
• EOS (EOS)
• Algorand (ALGO)
• Stellar Lumens (XLM)
• Cardano (ADA)
• Tezos (XTZ)
• NEO
• Basic Attention Token (BAT)
• Theta (THETA)
In terms of the countries that are supported, the trading platform is currently only available in Australia.
Support for Customers of Digital Surge
The Digital surge cryptocurrency exchange prides itself on having a customer service team that is both highly responsive and highly individualized. Customers can contact them via email or live chat with any questions or concerns they may have. Learn about trading and how to get started with this platform’s helpful Bitcoin Pay Wizard. It even has a section dedicated to frequently 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.
Review of the Digital Surge, in Conclusion
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 new traders to acquire and sell cryptocurrencies. Anyone who wants to invest money in crypto markets and make a profit should use Digital Surge because it is the essential 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 can keep their cryptocurrency, in addition to other amenities such as fast buy-sell and live chat support. The fact that Digital Surge has made such an effort to integrate its cryptocurrency community makes it the premier cryptocurrency exchange in Australia.
FAQs
Is Digital Surge Safe?
Yes, Digital Surge is a secure cryptocurrency exchange that provides features such as hot and cold wallet storage options. Even two-factor authentication is available, 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.
Is There a Mobile App I Can Download?
Customers are able to utilize the website of Digital Surge as an app; however, the company does not offer a specific mobile application.
Is There a Referral Program Available at Digital Surge?
On Digital Surge, users are able to take advantage of referral schemes, so the answer is yes. You will receive fifty percent of the commission on any trades carried out by customers that you refer.
