Deepcoin is a centralized cryptocurrency exchange based in Singapore. It launched in 2018 and offers spot and futures trading and tools like copy trading, demo trading, and advanced order features. The best features of Deepcoin are derivatives trading with up to 125x leverage, a mobile app, copy trading, and demo trading.
Due to strict compliance rules, U.S. residents cannot access Deepcoin legally. However, Deepcoin does not require mandatory KYC for basic trading but mandates it for higher withdrawal limits and access to fiat services. You may still use the platform for basic trading by connecting through a VPN.
This Deepcoin review will explain what Deepcoin is, what its best features are, and how much Deepcoin charges. We will also cover a step-by-step guide on how to use Deepcoin to trade cryptocurrencies and Bitcoin.
Register with Deepcoin and start today — no KYC needed.
Deepcoin Review: What Is It?
Deepcoin is a centralized exchange that was established in 2018. It is headquartered in Singapore and offers various trading features, such as spot trading, derivatives, copy trading, and demo trading. The exchange supports over 150 crypto trading pairs and provides leverage of up to 125x for derivatives trading.
Deepcoin charges a 0.10% commission for spot market trades (makers and takers). It is a user-friendly trading platform with instant order matching and a mobile app for Android and iOS devices. However, some drawbacks exist, such as not being licensed in any major jurisdiction and not offering crypto-staking services.
FoundedSince 2018, in SingaporeSupported cryptocurrenciesOver 150 cryptocurrenciesTrading OptionsSpot trading, USDT perpetual contracts, inverse perpetual contracts, copy trading, and demo tradingLeverageUp to 125x leverage on derivativesTrading Fees0.1% maker/taker for spot; 0.04% maker and 0.06% taker for contractsMobile AppAvailable on iOS and Android with full trading featuresKYC RequirementNot mandatory for basic trading; needed for higher withdrawal limits and fiat transactionsLicensingNo major global operating licensesStaking & Fiat SupportNo crypto staking or fiat withdrawalsSecurity Measures2FA, cold storage, SSL encryption, and anti-phishing codeDeepcoin VolumeOver $1B per day (CMC data)What Are the Pros of Deepcoin?
The pros of Deepcoin are diversified crypto offerings, high leverage, competitive trading fees, advanced trading tools, and copy trading.
- Diversified Cryptocurrency Option: Deepcoin has over 150 supported cryptocurrencies, allowing for a broad selection of trading possibilities.
- High Leverage: The platform offers up to 125x leverage on select perpetual futures trading pairs.
- Competitive Trading Fees: Deepcoin offers competitive trading fees at an industry standard of 0.1% maker/taker.
- Advanced Trading Tools: It includes K-Line Quick Trading and strategic Take-Profit/Stop-Loss (TP/SL) orders for complex trading strategies.
- Copy Trading Feature: Deepcoin has a copy trading feature, enabling new traders to replicate the strategy of professional traders.
What Are the Cons of Deepcoin?
The cons of Deepcoin are a lack of regulatory license, no staking services, and no fiat withdrawals.
- Lack of Major Operating Licenses: Deepcoin does not have a valid regulatory license, which could raise questions regarding oversight and compliance.
- No Staking Services: The exchange has no staking services, which limits user opportunities to become involved in staking for passive income.
- No Fiat Withdrawals: Fiat currency withdrawals are not supported by Deepcoin, which could be a disadvantage for those looking to convert and withdraw their crypto holdings into cash.
Take advantage of up to 125x leverage and tight spreads — start trading on Deepcoin now
How Does Deepcoin Work?
Deepcoin works as a centralized cryptocurrency exchange that enables you to buy, sell, and trade cryptocurrencies. You must open an account, verify your identity, and deposit funds to get started. The platform has a fast-matching engine that brings buyers and sellers together. When you initiate an order, it is matched with a person willing to buy or sell at your same price. Deepcoin has features such as split & merge positions, strategic TP/SL, and K-line trading to enable you to trade efficiently.
You can easily manage trading risks by setting your limits with stop-loss and take-profit orders. Your funds are secured with a multisig wallet system. Most of the funds are offline in cold wallets, with daily operations done with hot wallets.
Who Is the CEO of Deepcoin?
Ego Huang is the CEO of Deepcoin. He has over a decade of experience in online finance, having previously managed a wealth management firm responsible for more than $7 billion in assets. Huang started Deepcoin in 2018 after being inspired by his love for trading and the cryptocurrency market.
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