Deepcoin is a centralized cryptocurrency change primarily based in Singapore. It launched in 2018 and provides spot and futures buying and selling and instruments like copy buying and selling, demo buying and selling, and superior order options. The most effective 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.
On account of strict compliance guidelines, U.S. residents can not entry Deepcoin legally. Nonetheless, Deepcoin doesn’t require obligatory KYC for fundamental buying and selling however mandates it for increased withdrawal limits and entry to fiat providers. You should still use the platform for fundamental buying and selling by connecting by means of a VPN.
This Deepcoin overview will clarify what Deepcoin is, what its greatest options are, and the way a lot Deepcoin fees. We may also cowl a step-by-step information on methods to use Deepcoin to commerce cryptocurrencies and Bitcoin.
Register with Deepcoin and begin right this moment — no KYC wanted.
Deepcoin Evaluate: What Is It?
Deepcoin is a centralized change that was established in 2018. It’s headquartered in Singapore and provides varied buying and selling options, corresponding to spot buying and selling, derivatives, copy buying and selling, and demo buying and selling. The change helps over 150 crypto buying and selling pairs and offers leverage of as much as 125x for derivatives buying and selling.
Deepcoin fees 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 units. Nonetheless, some drawbacks exist, corresponding to 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 fundamental buying and selling; wanted for increased withdrawal limits and fiat transactionsLicensingNo main international working licensesStaking & Fiat AssistNo 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 number of buying and selling prospects.Excessive Leverage: The platform provides as much as 125x leverage on choose perpetual futures buying and selling pairs.Aggressive Buying and selling Charges: Deepcoin provides aggressive buying and selling charges at an trade normal of 0.1% maker/taker.Superior Buying and selling Instruments: It contains Ok-Line Fast Buying and selling and strategic Take-Revenue/Cease-Loss (TP/SL) orders for advanced buying and selling methods.Copy Buying and selling Function: Deepcoin has a duplicate buying and selling characteristic, 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 sound regulatory license, which may increase questions concerning oversight and compliance.No Staking Providers: The change has no staking providers, which limits person alternatives to change into concerned in staking for passive revenue.No Fiat Withdrawals: Fiat foreign money withdrawals aren’t supported by Deepcoin, which might be an obstacle for these trying to convert and withdraw their crypto holdings into money.
Make the most 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 change 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 patrons and sellers collectively. If you provoke an order, it’s matched with an individual prepared to purchase or promote at your similar worth. Deepcoin has options corresponding to break up & merge positions, strategic TP/SL, and Ok-line buying and selling to allow you to commerce effectively.
You may 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 finished with scorching 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 property. Huang began Deepcoin in 2018 after being impressed by his love for buying and selling and the cryptocurrency market.
What Are the Finest Options of the Deepcoin Trade?
The most effective options of the Deepcoin change 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 offers a derivatives buying and selling platform to invest on the worth motion of cryptocurrencies with out holding the underlying property. 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 foreign money, for instance, Bitcoin or Ethereum.
Deepcoin provides two margin modes: cross margin and remoted margin. In cross-margin, your complete account stability is shared throughout all open positions to forestall liquidation. In an remoted margin, the margin is restricted to a single place, lowering the danger to your general account. Relying on the buying and selling pair and threat tolerance, you should utilize as much as 125x leverage. Deepcoin additionally offers a take-profit characteristic and a stop-loss characteristic to handle positions.
Deepcoin Cell Apps
Deepcoin offers 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 reside worth monitoring, skilled charting instruments to investigate worth patterns and tendencies, and the flexibility 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 routinely. If you select a dealer to repeat, your account mirrors their similar trades, allocating funds proportionally in keeping with your funding quantity.
When the copied dealer opens or closes a commerce, your account mirrors the motion routinely. Deepcoin provides detailed efficiency statistics on most out there merchants, together with their previous returns, threat ranges, and buying and selling model.
Need to copy the highest crypto merchants routinely? Open your Deepcoin account now!
Demo Buying and selling
The demo buying and selling characteristic supplied by Deepcoin allows you to apply futures buying and selling with no actual cash at stake. This characteristic simulates an actual buying and selling surroundings for risk-free apply. Right here, you may familiarize your self with the platform’s interface, take a look at completely different buying and selling methods, and achieve confidence earlier than partaking in reside buying and selling.
The demo account, backed by digital funds, is right for inexperienced persons to be taught and take a look at methods and the basics of cryptocurrency buying and selling. The demo buying and selling surroundings replicates the reside buying and selling platform with the identical options, charts, and market data.
How A lot Does Deepcoin Cost?
Deepcoin’s charges differ relying on the sort of buying and selling and repair you utilize. It has a typical 0.1% charge for makers and takers for spot buying and selling, which applies everytime you immediately purchase or promote your cryptocurrencies.
Deepcoin fees 0.04% as a maker’s charge for perpetual contract buying and selling and 0.06% as a taker’s charge. These charges will be diminished with excessive buying and selling volumes or VIP standing. There’s additionally a funding charge. This funding charge is transferred from lengthy to brief positions (or vice versa) each 8 hours.
Deepcoin fees no charges to deposit cryptocurrencies, and the withdrawal charges are asset-specific. You’ll solely pay a variable community charge, and Deepcoin doesn’t cost on prime of that.
Easy methods to Use Deepcoin to Commerce Cryptocurrencies and Bitcoin?
To make use of Deepcoin to commerce cryptocurrencies and Bitcoin, it is advisable create an account. KYC verification is non-compulsory however beneficial 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 may register through the use of your cell quantity or e-mail deal with. Put within the obligatory particulars, then create a robust password to finalize the sign-up. Right here, you can even 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 isn’t required for fundamental buying and selling however is important to entry increased withdrawal limits and superior buying and selling options. Go to your account dashboard and click on on “Id Verification.” Add your government-issued ID and comply with the steps.
Step 2: Deposit Crypto
As soon as your account has been created, you might be required to deposit cryptocurrency, corresponding to USDT, BTC, ETH, and so forth.
To deposit, proceed to the “Pockets Overview” tab and click on “Deposit.” Select the coin you want to deposit. A pockets deal with will probably be supplied. Copy the deal with and use your exterior pockets or a distinct change to ship funds. Double-check the community sort 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 may proceed to commerce. Deepcoin offers spot buying and selling in addition to derivatives buying and selling. For a spot commerce, choose a pair, corresponding to 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 make sure your buying and selling. Will probably be executed as quickly as an identical worth is matched.
To commerce derivatives, go to the “Derivatives” class. You may commerce USDT perpetual or inverse perpetual contracts. You may set the leverage (as much as 125x), your margin mode (cross or remoted), and your lengthy or brief place.
Is Deepcoin a Good Trade?
Sure, Deepcoin is an efficient change if you would 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 would 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, Ok-line fast orders, and versatile place settings. These instruments assist each inexperienced persons and energetic merchants. For actual Deepcoin person opinions, you may learn Trustpilot opinions.
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 property with out going by means of 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 strong crypto platform with versatile margin choices? Be a part of Deepcoin now!
