Quick Take: Digital Surge is a centralised cryptocurrency exchange based in Brisbane and was founded in 2017. The platform offers trading on over 300 cryptocurrencies including Ethereum, Bitcoin, Tether, Binance Coin and more.
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Digital Surge has over 1 million customers in Australia making it one of the top Australian cryptocurrency investing platforms. The exchange offers cryptocurrency trading and staking, SMSF assistance and a beginner-friendly platform with an easy to navigate UI.
In addition to its features, Digital Surge has a strong customer service team to assist users navigating the platform. The exchange has a 4.7 star rating on Trust Pilot and a majority of the reviews are based on the excellent customer service that Digital Surge provides.
The trading fees are calculated based on users rolling 30 days trading volume. Your trading volume is collected and calculated every hour. The trading fees start from 0.5% and go all the way down to 0.1% when you trade over $1M over a month. Digital Surge has the lowest trading fees out of any Australian-based exchange.
Digital Surge offers multiple deposit methods for both AUD and cryptocurrencies. You can refer to the list below for the prices of each method.
PayID - Free
POLi - $2 - $3.30 AUD
Cryptocurrency - Free
As for withdrawal fees, Digital Surge does not charge any fees to withdraw AUD and does not charge any fees to withdraw tokens to an external wallet. However, you may have to cover the network transaction (gas) fee, which will be highlighted when you withdraw from Digital Surge.
Staking: Earn Interest on Crypto with Digital Surge
One of the many reasons for Digital Surges popularity is the high returns on their staking options. The APY (Annual Percentage Yields) offered on the platform vary between 4% - 23%, which is considered relatively high for a centralised cryptocurrency exchange.
You can refer to the photo below for a breakdown of their supported crypto staking tokens and their returns.
Digital Surge Mobile App
The mobile app version of the exchange is available for both Android and iOS. The app offers the same UI and functionality as the web version, users can access their portfolio, check markets and stake cryptocurrencies on the go. Digital Surge mobile app is ranked #171 overall in the Finance category on the app store.
Self Managed Super Fund (SMSF)
It is now easier than ever to invest your SMSF into Bitcoin and other cryptocurrencies on Digital Surge. The platform offers SMSF services with personalised customer support, free and instant deposits onto the platform and an easy to understand experience.
Is Digital Surge Safe? Security, Regulation & Licensing
Digital Surge is a secure and regulated digital asset exchange under the relevant AUSTRAC rules and requirements. Digital Surge Pty Ltd is a registered company with ASIC with an ABN (89 820 473 109).
It has 2FA required for withdrawals, stores a majority of users' funds offline in cold storage and the website traffic runs entirely over encrypted SSL (HTTPS). In addition to these security measures, all Digital Surge staff are required to undergo a criminal background check to ensure internal safety.
Digital Surge Alternatives
In the below table you can find a side-by-side comparison of alternative cryptocurrency exchanges.