Day1x review
- Regulator registration
- AUSTRAC
- Supported assets
- 28
- Fiat currencies
- 1
Our verdict
Get low flat fees on AUD, USD and crypto trading pairs.
Day1x is one of the new kids on the crypto exchange block and looking to make a name for itself with low, non-tiered trading fees, convenient payment and deposit methods and 24/7 customer support.
You can trade dozens of coins, with multiple AUD, USD, BTC and ETH trading pairs and a flat 0.25% trading fee.
It also offers free AUD deposits and withdrawals via bank transfer and card (for now).
Pros
-
24/7 support. Day1x offers phone, email and live chat support.
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Low flat fees. You’ll pay a 0.25% trading fee on all trades and $0 card deposit fees (for the time being).
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Instant AUD withdrawals. You can withdraw funds direct to your bank account.
Cons
-
Look out for spreads. The buy and sell price may be more expensive than other exchanges.
-
Fees aren’t the lowest around. Some exchanges offer lower than a 0.25% trading fee.
Details
Product details
| Product Name | Day1x |
| Fiat Currencies | AUD |
| Cryptocurrencies | BTC, ETH, XRP, USDT, BNB, SOL, DOGE, USDC, ADA, TRX & 18 more |
| Deposit Methods |
Bank transfer Credit card Cryptocurrency PayID |
| Trading Fee | 0.25% |
| Deposit Fees | None |
| Withdrawal Fees | None (Network fees apply) |
About Day1x
Day1x is an Australian crypto exchange that promises to have Australia’s “lowest crypto trading fees”. It was founded by Phil Horner and David Swinden, the co-founders of forex and CFD broker Fusion Markets.
It is based in Melbourne and is registered with AUSTRAC.
Day1x supported assets
Day1x supports over 27 cryptocurrencies, but some notable assets are missing. Namely, Lido Staked Ether, Sui and Wrapped stETH, which are in the top 20 cryptos by market cap. In total, 14 of the top 20 cryptos are available on Day1x.
Popular assets on Day1xDay1x fees review
Deposit and withdrawal fees
| Transaction type | Fee |
|---|---|
| Deposit funds | None |
| Withdraw funds | None (Network fees apply) |
Day1x uses a maker taker fee structure for spot market trading. Instant purchases incur a separate fee.
| Type | Fee |
|---|---|
| Maker | 0.25% |
| Taker | 0.25% |
Maker fee explained. A maker fee is the fee charged when you propose an order for other traders to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately.
Taker fee explained. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. This is the fee charged when you place a market buy order.
Day1x deposit methods
- Bank transfer
- Credit card
- Cryptocurrency
- PayID
How to sign up on Day1x
You can sign up for an account with Day1x by following these steps:
- Head to the Day1x site and click “Create Account”
- Enter your account details
- Enter the email verification code
- Verify your account by entering your personal details
- Set up 2-step verification (recommended)
- Enter the phone verification number
- Upload an ID document
Is Day1x safe?
Day1x offers full insurance on all coins it holds on behalf of users. It is registered with AUSTRAC and uses a variety of real-time monitoring and security measures.
It also uses 2-factor authentication (2FA) and 24/7 customer support to better protect your account.
Keeping your crypto secure
All centralised exchanges, including Day1x, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
See more of the best crypto wallets
Day1x customer support
Day1x offers 24/7 customer support via live chat, as well as email and phone support. You can expect to get a reply within 1-2 business days for enquiries made via email.
How to reach Day1x customer support
- Contact form
- Live chat
- Phone
Alternatives to Day1x
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Your reviews
Thomas Finder
Publisher
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