Summary: Digital Surge is a new exchange that offers the same amount of cryptocurrencies to instant swap as CoinSpot and SwyftX, but with lower fees at 0.5%.
The major downside of Digital Surge is that it does not offer any native cryptocurrency staking solutions.
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Digital Surge Overview
Digital Surge is a cryptocurrency exchange based in Australia that has become hugely popular thanks to them being the lowest fee instant swap trading platform. As at time of writing, Digital Surge offers over 350 different cryptocurrencies to buy or sell for a low fee of 0.5% per trade.
Their sleek and intuitive platform also offers other features such as hosted wallets, SMSF support and a Android/iOS App.
Digital Surge Fees
Digital Surge is the cheapest instant swap trading platform thanks to their low 0.5% fees. This is significantly cheaper than other popular instant swap exchanges like CoinSpot who charge 1% per transaction.
With Digital Surge, you can also get access to free Australian Dollar (AUD) deposits via Bank Transfer or PayID/Osko.
Does Digital Surge offer Staking?
As at time of writing, Digital Surge does not support cryptocurrency staking. This means you cannot earn interest through on-chain yield generation like you can on other Australian platforms like CoinSpot or SwyftX.
This is a pretty substantial weak point in Digital Surge’s product offering. If your investing in cryptocurrency assets like Ethereum, you want to be able to stake the ETH token and earn up to 8% interest - or you are not making the most of your assets in DeFi.
Mobile and iOS App
The Digital Surge exchange also supports iOS/Android with their slick mobile app. The user experience on the Digital Surge mobile app is the best compared to other Aussie platforms thanks to its simplicity and superior UI/UX.
The Digital Surge app has a 4.8 star rating on both the Apple App Store, and Google Play Store.
Digital Surge have the widest variety of cryptocurrencies listed on their cryptocurrency exchange. They have just over 350 different cryptocurrencies which include the latest NFT, Metaverse, Meme coins, Layer 1s, Layer 2s and more.
Digital Surge are incredibly quick to list new coins and were the recently the fastest in Australia to list the Bored Ape Yacht Club token ApeCoin that was released on March 18. The Digital Surge team listed ApeCoin (APE) within 6 hours of the liquidity pool becoming tradeable on UniSwap, which is an incredible achievement!
Is Digital Surge Legit?
Yes - Digital Surge is a safe 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). Their platform is also headquartered in Australia, making it a safe exchange to store your cryptocurrencies.