Deepcoin is a centralized cryptocurrency trade primarily based in Singapore. It launched in 2018 and presents spot and futures buying and selling and instruments like copy buying and selling, demo buying and selling, and superior order options. The perfect options of Deepcoin are derivatives buying and selling with as much as 125x leverage, a cell app, copy buying and selling, and demo buying and selling.
Resulting from strict compliance guidelines, U.S. residents can’t entry Deepcoin legally. Nevertheless, Deepcoin doesn’t require obligatory KYC for primary buying and selling however mandates it for larger withdrawal limits and entry to fiat providers. You should still use the platform for primary buying and selling by connecting via a VPN.
This Deepcoin evaluation will clarify what Deepcoin is, what its greatest options are, and the way a lot Deepcoin expenses. We may also cowl a step-by-step information on easy methods to use Deepcoin to commerce cryptocurrencies and Bitcoin.
Register with Deepcoin and begin as we speak — no KYC wanted.
Deepcoin Evaluate: What Is It?
Deepcoin is a centralized trade that was established in 2018. It’s headquartered in Singapore and presents varied buying and selling options, reminiscent of spot buying and selling, derivatives, copy buying and selling, and demo buying and selling. The trade helps over 150 crypto buying and selling pairs and supplies leverage of as much as 125x for derivatives buying and selling.
Deepcoin expenses a 0.10% fee for spot market trades (makers and takers). It’s a user-friendly buying and selling platform with instantaneous order matching and a cell app for Android and iOS gadgets. Nevertheless, some drawbacks exist, reminiscent of not being licensed in any main jurisdiction and never providing crypto-staking providers.
BasedSince 2018, in SingaporeSupported cryptocurrenciesOver 150 cryptocurrenciesBuying and selling ChoicesSpot buying and selling, USDT perpetual contracts, inverse perpetual contracts, copy buying and selling, and demo buying and sellingLeverageAs much as 125x leverage on derivativesBuying and selling Charges0.1% maker/taker for spot; 0.04% maker and 0.06% taker for contractsCell AppObtainable on iOS and Android with full buying and selling optionsKYC RequirementNot obligatory for primary buying and selling; wanted for larger withdrawal limits and fiat transactionsLicensingNo main world working licensesStaking & Fiat HelpNo crypto staking or fiat withdrawalsSafety Measures2FA, chilly storage, SSL encryption, and anti-phishing codeDeepcoin QuantityOver $1B per day (CMC information)
What Are the Professionals of Deepcoin?
The professionals of Deepcoin are diversified crypto choices, excessive leverage, aggressive buying and selling charges, superior buying and selling instruments, and duplicate buying and selling.
Diversified Cryptocurrency Choice: Deepcoin has over 150 supported cryptocurrencies, permitting for a broad collection of buying and selling prospects.Excessive Leverage: The platform presents as much as 125x leverage on choose perpetual futures buying and selling pairs.Aggressive Buying and selling Charges: Deepcoin presents aggressive buying and selling charges at an trade customary of 0.1% maker/taker.Superior Buying and selling Instruments: It contains Okay-Line Fast Buying and selling and strategic Take-Revenue/Cease-Loss (TP/SL) orders for advanced buying and selling methods.Copy Buying and selling Characteristic: Deepcoin has a duplicate buying and selling function, enabling new merchants to duplicate the technique {of professional} merchants.
What Are the Cons of Deepcoin?
The cons of Deepcoin are an absence of regulatory license, no staking providers, and no fiat withdrawals.
Lack of Main Working Licenses: Deepcoin doesn’t have a legitimate regulatory license, which might increase questions concerning oversight and compliance.No Staking Companies: The trade has no staking providers, which limits person alternatives to grow to be concerned in staking for passive revenue.No Fiat Withdrawals: Fiat forex withdrawals aren’t supported by Deepcoin, which could possibly be an obstacle for these seeking to convert and withdraw their crypto holdings into money.
Reap the benefits of as much as 125x leverage and tight spreads — begin buying and selling on Deepcoin now
How Does Deepcoin Work?
Deepcoin works as a centralized cryptocurrency trade that allows you to purchase, promote, and commerce cryptocurrencies. You have to open an account, confirm your id, and deposit funds to get began. The platform has a fast-matching engine that brings consumers and sellers collectively. While you provoke an order, it’s matched with an individual keen to purchase or promote at your identical value. Deepcoin has options reminiscent of cut up & merge positions, strategic TP/SL, and Okay-line buying and selling to allow you to commerce effectively.
You possibly can simply handle buying and selling dangers by setting your limits with stop-loss and take-profit orders. Your funds are secured with a multisig pockets system. Many of the funds are offline in chilly wallets, with each day operations completed with sizzling wallets.
Who Is the CEO of Deepcoin?
Ego Huang is the CEO of Deepcoin. He has over a decade of expertise in on-line finance, having beforehand managed a wealth administration agency liable for greater than $7 billion in belongings. Huang began Deepcoin in 2018 after being impressed by his love for buying and selling and the cryptocurrency market.
What Are the Greatest Options of the Deepcoin Change?
The perfect options of the Deepcoin trade are derivatives buying and selling with as much as 125x leverage, Deepcoin cell apps, copy buying and selling, and demo buying and selling.
Derivatives Buying and selling With as much as 125x
Deepcoin supplies a derivatives buying and selling platform to invest on the value motion of cryptocurrencies with out holding the underlying belongings. Two kinds of contracts can be found: USDT perpetual contracts and inverse perpetual contracts.
USDT perpetual contracts are settled in USDT, whereas inverse perpetual contracts are settled within the base forex, for instance, Bitcoin or Ethereum.
Deepcoin presents two margin modes: cross margin and remoted margin. In cross-margin, your whole account steadiness is shared throughout all open positions to stop liquidation. In an remoted margin, the margin is restricted to a single place, decreasing the danger to your total account. Relying on the buying and selling pair and threat tolerance, you should utilize as much as 125x leverage. Deepcoin additionally supplies a take-profit function and a stop-loss function to handle positions.
Deepcoin Cell Apps
Deepcoin supplies cell purposes for iOS and Android. The cell apps are constructed to ship a seamless buying and selling expertise with the identical performance because the desktop platform. The cell app’s key options are stay value monitoring, skilled charting instruments to research value patterns and tendencies, and the power to put trades rapidly.
Additionally, the apps accommodate safe login strategies like biometric authentication to extend account safety.
Copy Buying and selling
Copy buying and selling on Deepcoin allows you to copy the methods of skilled merchants mechanically. While you select a dealer to repeat, your account mirrors their identical trades, allocating funds proportionally in keeping with your funding quantity.
When the copied dealer opens or closes a commerce, your account mirrors the motion mechanically. Deepcoin presents detailed efficiency statistics on most accessible merchants, together with their previous returns, threat ranges, and buying and selling fashion.
Wish to copy the highest crypto merchants mechanically? Open your Deepcoin account now!
Demo Buying and selling
The demo buying and selling function supplied by Deepcoin allows you to observe futures buying and selling with no actual cash at stake. This function simulates an actual buying and selling setting for risk-free observe. Right here, you possibly can familiarize your self with the platform’s interface, check completely different buying and selling methods, and acquire confidence earlier than participating in stay buying and selling.
The demo account, backed by digital funds, is right for learners to study and check methods and the basics of cryptocurrency buying and selling. The demo buying and selling setting replicates the stay buying and selling platform with the identical options, charts, and market info.
How A lot Does Deepcoin Cost?
Deepcoin’s charges differ relying on the type of buying and selling and repair you employ. It has a typical 0.1% price for makers and takers for spot buying and selling, which applies everytime you immediately purchase or promote your cryptocurrencies.
Deepcoin expenses 0.04% as a maker’s price for perpetual contract buying and selling and 0.06% as a taker’s price. These charges may be diminished with excessive buying and selling volumes or VIP standing. There may be additionally a funding price. This funding price is transferred from lengthy to brief positions (or vice versa) each 8 hours.
Deepcoin expenses no charges to deposit cryptocurrencies, and the withdrawal charges are asset-specific. You’ll solely pay a variable community price, and Deepcoin doesn’t cost on high of that.
Find out how to Use Deepcoin to Commerce Cryptocurrencies and Bitcoin?
To make use of Deepcoin to commerce cryptocurrencies and Bitcoin, it is advisable to create an account. KYC verification is non-compulsory however really useful for full entry. After that, deposit funds and begin buying and selling Bitcoin and altcoins.
Step 1: Open an account and full KYC
Go to Deepcoin’s official web site or obtain its cell app from the App Retailer or Google Play. Faucet the “Register” button. You possibly can register through the use of your cell quantity or e mail deal with. Put within the vital particulars, then create a robust password to finalize the sign-up. Right here, you may as well apply our Deepcoin referral code for a free crypto sign-up bonus.
After opening your account, it’s advisable to proceed with KYC (Know Your Buyer) verification. KYC shouldn’t be required for primary buying and selling however is important to entry larger withdrawal limits and superior buying and selling options. Go to your account dashboard and click on on “Identification Verification.” Add your government-issued ID and observe the steps.
Step 2: Deposit Crypto
As soon as your account has been created, you’re required to deposit cryptocurrency, reminiscent of USDT, BTC, ETH, and so on.
To deposit, proceed to the “Pockets Overview” tab and click on “Deposit.” Select the coin you want to deposit. A pockets deal with might be supplied. Copy the deal with and use your exterior pockets or a special trade to ship funds. Double-check the community kind and deal with earlier than confirming the transaction. The deposit will present in your Deepcoin pockets after community affirmation.
Step 3: Begin Crypto Buying and selling
After depositing funds into your account, you possibly can proceed to commerce. Deepcoin supplies spot buying and selling in addition to derivatives buying and selling. For a spot commerce, choose a pair, reminiscent of BTC/USDT. Use the chart and the order e book to find out your purchase or promote level. Both choose “Restrict Order” or “Market Order”. Place the quantity and ensure your buying and selling. Will probably be executed as quickly as an identical value is matched.
To commerce derivatives, go to the “Derivatives” class. You possibly can commerce USDT perpetual or inverse perpetual contracts. You possibly can set the leverage (as much as 125x), your margin mode (cross or remoted), and your lengthy or brief place.
Is Deepcoin a Good Change?
Sure, Deepcoin is an effective trade if you’d like superior buying and selling instruments, excessive leverage, and quick efficiency. It helps spot and derivatives buying and selling, with as much as 125x contract leverage. Buying and selling charges are additionally aggressive, however if you’d like decrease buying and selling charges, try our information on the greatest zero-fee crypto exchanges.
You’re going to get core options like copy buying and selling, demo buying and selling, Okay-line fast orders, and versatile place settings. These instruments assist each learners and energetic merchants. For actual Deepcoin person critiques, you possibly can learn Trustpilot critiques.
Does Deepcoin Want KYC?
Deepcoin doesn’t have obligatory Know Your Buyer (KYC) necessities for normal buying and selling operations. It’s attainable to register on the platform and commerce crypto belongings with out going via the id verification course of. However some options like excessive withdrawal limits, in addition to fiat-to-crypto transactions on third-party providers like Simplex and Banxa, do require KYC verification.
On the lookout for a robust crypto platform with versatile margin choices? Be part of Deepcoin now!
