Digital Surge Review - Pros, cons and fee comparisons.

In this detailed review of Digital Surge, we will look at the pros, cons, fee and feature comparisons vs the top Crypto Exchanges in Australia. We recommend reading our full review. However, you can skip ahead by clicking on any of the links below. 

Digital Surge is an Australian based cryptocurrency exchange. It’s designed for both amateur and experienced users. As of April 2022, Digital Surge has 270+ cryptocurrencies that are easy to trade after registering an account. In addition, it provides many additional features, which you can see outlined in this review. 

digital surge logo

Table of Contents (In-depth review)

PROS

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1. Supports direct AUD deposits and withdrawals
2. Low trading fees
3. Easy to use interface
4. SMSF fund
5. Bill pay feature 
A large number of cryptocurrencies supported (270+)
6. 24X7 customer support

CONS

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1. Staking is not available
2. Limited trading pairs
3. You can't swap coins

Fee comparison Table Digital Surge VS the best Australian Crypto Exchanges

Disclaimer: Cryptocurrencies are speculative and may involve significant risks. We are not financial advisors and do not provide advice on any personal circumstances. We have strived to keep our tables as accurate as possible but fees may change from time to time without our knowledge. In some cases, thinkingofbuyingcrypto.com may earn a commission or a fee from its website tables.  

EXCHANGE

CRYPTO ASSETS

TRADING FEES (2022)

EXCHANGE REVIEW

OFFICIAL WEBSITE

DEPOSIT OPTIONS

COINSPOT

RESPONSIVE CUSTOMER SERVICE & LOW MARKET ORDER FEES

4.8/5

RATING 4.8

Thinking of buying crypto rating

300+

Market Orders 0.1%

Instant buy & Sell 1.0%

● PayID
● POLi
● Crypto
● Cash
● Bpay
● Bank Transfer Here

SWYFTX

HIGHLY TRUSTED

4.7/5

RATING 4.7

Thinking of buying crypto rating

290+

0.6%

● PayID
● Osko
● POLi
● Crypto
● Bank Transfer

DIGITAL SURGE

LOWEST FEES

4.7/5

RATING 4.8

Thinking of buying crypto rating

250+

0.5%

● PayID
● Osko
● POLi
● Crypto
● Bank Transfer

COINJAR

GREAT FOR BEGINNERS

4.3/5

RATING 4.3

Thinking of buying crypto rating

30 +

1.0% based on the transaction amount

● PayID
● Osko
● Credit card
● Debit card
● Cash
● Bpay
● Bank Transfer

COINBASE

MOST POPULAR EXCHANGE

3.39/5

RATING 4.3

Thinking of buying crypto rating

95+

Fees vary for australian traders “standard” or “Instant buy/sell”

● Debit card

Fee comparison Table Digital Surge VS the best Australian Crypto Exchanges

Disclaimer:

Cryptocurrencies are speculative and may involve significant risks. We are not financial advisors and do not provide advice on any personal circumstances. We have strived to keep our tables as accurate as possible but fees may change from time to time without our knowledge. In some cases, thinkingofbuyingcrypto.com may earn a commission or a fee from its website tables.  

EXCHANGE

TRADING FEES (2022)

OFFICIAL WEBSITE / REVIEW

COINSPOT

RESPONSIVE CUSTOMER SERVICE & LOW MARKET ORDER FEES

RATING 4.8

Thinking of buying crypto rating

Market Orders 0.1%



Instant buy & Sell 1.0%

SWYFTX

HIGHLY TRUSTED

RATING 4.7

Thinking of buying crypto rating 

0.6%

DIGITAL SURGE

LOWEST FEES

RATING 4.8

Thinking of buying crypto rating 

0.5%

COINJAR

GREAT FOR BEGINNERS

RATING 4.3

Thinking of buying crypto rating 

1.0% based on the transaction amount

COINBASE

MOST POPULAR EXCHANGE

RATING 3.9

Thinking of buying crypto rating

FEES VARY FOR AUSTRALIAN TRADERS "STANDARD" OR "INSTANT BUY/SELL"


Feature Comparison table Digital Surge vs CoinSpot vs Swyftx 

Let us compare Digital Surge with other cryptocurrency exchanges such as CoinSpot and Swyftx. 

Exchange Feature

Digital Surge

CoinSpot

Swyftx

Coins Available

270+

330+

290+

Fees

0.5-0.1%

0.1-1%

0.6%

Deposit fees

PayID is free. $2-3.30 for POLI deposits. 

No fees on bank transfer, POLi, PayID, OSKO. For BPAY-0.9%, 

and for Cash-2.5%

Free

Withdrawal Fees

Free

Free

Free

Coin Staking

Not available

Not available

Available

Customer Service

Live chat support

Live chat support

Live chat support

Demo feature

Not available

Not available

Available

Fiat currencies

AUD

AUD

AUD, NZD

What service does Digital Surge offer?

1. Digital Surge token reviews

A total of 270+ tokens are available for trading on the Digital Surge platform. Once you’ve created an account, you can easily buy and sell your favourite token at the click of a button. All popular cryptocurrencies such as Bitcoin, Ethereum, ICP, and BAND are available on the site for trading.

2. Invest in an SMSF (self-managed super fund) with Digital Surge

Providing more investment options for its clients, Digital Surge delivers the ability to invest in an SMSF fund (Self Managed Super Fund). This option is provided separately apart from private accounts, and you should have a trust deed to participate and open an SMSF account on the site.

3. Customer Care Team Review (Email or Phone Support)

The Digital Surge customer care team is available 24 x 7. The best part is they can be reached through email or phone support. Reviews such as trust pilot praise the team for their responsiveness.

4. Pay your bills using Digital Surge

Crypto is becoming a popular choice for users paying for subscriptions, online goods and bills.  Digital Surge allows you to pay bills using your cryptocurrency funds. You can use Bitcoin to pay any Australian bill or credit card with a BPAY biller code. This is a handy feature and gets the thumbs up from us.

5. Digital Surge deposit options

Australian users can deposit AUD directly through PayID or POLI.

PayID is free to use and does not cost additional deposit fees, but there is a small transaction fee for using POLI. A limit of 8k per day is applicable for POLI deposits. 

Digital surge provides a handy facility of a reserved balance. POLI deposits typically take up to two days to reflect into a customer’s account. Digital Surge will provide traders with an immediate (reserve) balance for trading. What we love is that you can trade while waiting for these funds to clear. For obvious reasons, you cannot withdraw.

6. Digital Surge Price alerts

Another helpful feature is the price alert through email, SMS, or via the app. The user can set up price alerts for various cryptocurrency tokens on the Digital Surge platform. Whenever the price hits the limit specified by the user, an alert is sent via email, SMS, or app. 

7. Digital Surge Taxes

As a frequent trader, you might face issues filing taxes but Digital Surge makes it easy by providing transactions reports that you can export and download. It is a handy feature for keeping track of your trading history and can also be used to file taxes. 

Digital Surge token reviews

A total of 270+ tokens are available for trading on the Digital Surge platform. Once you’ve created an account, you can easily buy and sell your favourite token at the click of a button. All popular cryptocurrencies such as Bitcoin, Ethereum, ICP, and BAND are available on the site for trading.  

Invest in an SMSF (self-managed super fund) with Digital Surge

Providing more investment options for its clients, Digital Surge delivers the ability to invest in an SMSF fund (Self Managed Super Fund). This option is provided separately apart from private accounts, and you should have a trust deed to participate and open an SMSF account on the site. 

Customer Care Team Review (Email or Phone Support)

The Digital Surge customer care team is available 24 x 7. The best part is they can be reached through email or phone support. Reviews such as trust pilot praise the team for their responsiveness.  

Pay your bills using Digital Surge

Crypto is becoming a popular choice for users paying for subscriptions, online goods and bills.  Digital Surge allows you to pay bills using your cryptocurrency funds. You can use Bitcoin to pay any Australian bill or credit card with a BPAY biller code. This is a handy feature and gets the thumbs up from us.

Digital Surge deposit options

Australian users can deposit AUD directly through PayID or POLI.

PayID is free to use and does not cost additional deposit fees, but there is a small transaction fee for using POLI. A limit of 8k per day is applicable for POLI deposits. 

Digital surge provides a handy facility of a reserved balance. POLI deposits typically take up to two days to reflect into a customer’s account. Digital Surge will provide traders with an immediate (reserve) balance for trading. What we love is that you can trade while waiting for these funds to clear. For obvious reasons, you cannot withdraw. 

Digital Surge Price alerts

Another helpful feature is the price alert through email, SMS, or via the app. The user can set up price alerts for various cryptocurrency tokens on the Digital Surge platform. Whenever the price hits the limit specified by the user, an alert is sent via email, SMS, or app. 

Digital Surge Taxes

As a frequent trader, you might face issues filing taxes but Digital Surge makes it easy by providing transactions reports that you can export and download. It is a handy feature for keeping track of your trading history and can also be used to file taxes. 

How long has Digital Surge been operational?

Dan and Josh founded the cryptocurrency exchange in 2017. Over the years, it has expanded its operations into different regions and has provided many additional facilities for its clients, such as the ability to pay bills seamlessly through Bitcoin. 

Digital Surge fees 2022

The trading fees on the exchange are very competitive and range from a minimum of 0.5% to 0.1%, depending on the trading volume. 

The trading fee is reduced to 0.1% for clients who frequently trade if the trading volume is more than $1,000,000. The trading volume is calculated every hour, and the platform often rewards those who use the site. 

Digital Surge charges lower fees than other similar platforms, and you can also reduce the fees if you trade more frequently. 

Is Digital Surge a legitimate crypto exchange?

Digital surge complies with the norms of AUSTRAC, Australia’s leading financial agency. Additionally, it insists on KYC for its users. The exchange uses a digital ID to verify all profiles on the site. Two-factor authentication is also required for withdrawing funds. It has not witnessed any major hacking in its operational history. 

Can I swap coins on Digital Surge?

No, and I guess this is one of the cons of Digital Surge. Currently, cryptocurrency swapping is not supported, and digital Surge allows trading against AUD pairs only. 

Digital Surge app

For customers who prefer trading on mobile devices, the Digital Surge platform is available through an application on Android and Apple devices. It can also be downloaded through an app for desktops (only for chrome users). 

The app makes it easy for trading while travelling and is a handy tool for users who wish to monitor their cryptocurrency assets regularly. 

Digital Surge wallet

The exchange provides an in-built cryptocurrency wallet that can be used to store, transfer and receive funds. The platform stores funds in a mix of hot and cold wallets to ensure full-proof security for its customers. 

As a user, you can either use the Digital Surge cryptocurrency wallet or transfer funds into your personal wallet if you plan to hold onto the assets for the long term. The platform regularly monitors assets and trading activity to ensure that all customers are protected against fraudulent activity.

Digital Surge verdict

Digital Surge has clearly been built with intermediate and beginner traders in mind. It has an easy to use dashboard that will make your cryptocurrency trading journey easy. The platform allows direct AUD deposits and withdrawals. It charges lower fees, and the fee structure is fully transparent. There are no hidden fees, and your profits will be maximised as an Australian trader. 

The biggest disadvantage in our view is not supporting direct swapping of cryptocurrencies. However, the advantages definitely weigh out the disadvantages. The reviews show it’s a trusted and highly secure cryptocurrency exchange. It’s the little things we love, price alerts, informative learn section, 24 x 7 customer support. 

Final Digital Surge Verdict. A big thumbs up! We highly recommend Digital Surge 

Visit the Digital Surge Website

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