Is It a Good Platform to Commerce Cryptocurrencies?

Deepcoin is a centralized cryptocurrency change based mostly in Singapore. It launched in 2018 and affords 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.

As a result of strict compliance guidelines, U.S. residents can not entry Deepcoin legally. Nonetheless, Deepcoin doesn’t require necessary KYC for primary buying and selling however mandates it for increased withdrawal limits and entry to fiat companies. You should still use the platform for primary buying and selling by connecting by a VPN.

This Deepcoin evaluation will clarify what Deepcoin is, what its finest options are, and the way a lot Deepcoin expenses. We may even cowl a step-by-step information on easy methods to use Deepcoin to commerce cryptocurrencies and Bitcoin.

Deepcoin Evaluation: What Is It?

Deepcoin is a centralized change that was established in 2018. It’s headquartered in Singapore and affords numerous buying and selling options, equivalent 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 expenses a 0.10% fee for spot market trades (makers and takers). It’s a user-friendly buying and selling platform with on the spot order matching and a cell app for Android and iOS units. Nonetheless, some drawbacks exist, equivalent to not being licensed in any main jurisdiction and never providing crypto-staking companies.

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 contractsCellular AppAccessible on iOS and Android with full buying and selling optionsKYC RequirementNot necessary for primary 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 knowledge)

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 potentialities.Excessive Leverage: The platform affords as much as 125x leverage on choose perpetual futures buying and selling pairs.Aggressive Buying and selling Charges: Deepcoin affords aggressive buying and selling charges at an trade normal of 0.1% maker/taker.Superior Buying and selling Instruments: It consists of 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 replica buying and selling characteristic, enabling new merchants to copy the technique {of professional} merchants.

What Are the Cons of Deepcoin?

The cons of Deepcoin are a scarcity of regulatory license, no staking companies, and no fiat withdrawals.

Lack of Main Working Licenses: Deepcoin doesn’t have a legitimate regulatory license, which might elevate questions concerning oversight and compliance.No Staking Providers: The change has no staking companies, which limits consumer alternatives to turn into concerned in staking for passive earnings.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.

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 change that lets you purchase, promote, and commerce cryptocurrencies. You could open an account, confirm your identification, and deposit funds to get began. The platform has a fast-matching engine that brings consumers and sellers collectively. Whenever you provoke an order, it’s matched with an individual prepared to purchase or promote at your similar worth. Deepcoin has options equivalent to cut 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 every day operations performed 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 Finest Options of the Deepcoin Alternate?

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 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 foreign money, for instance, Bitcoin or Ethereum.

Deepcoin affords two margin modes: cross margin and remoted margin. In cross-margin, your total account stability is shared throughout all open positions to stop liquidation. In an remoted margin, the margin is proscribed to a single place, decreasing the danger to your total account. Relying on the buying and selling pair and threat tolerance, you need to use as much as 125x leverage. Deepcoin additionally offers a take-profit characteristic and a stop-loss characteristic to handle positions.

Deepcoin Cellular 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 dwell worth monitoring, skilled charting instruments to research worth patterns and traits, and the power to position trades shortly.

Additionally, the apps accommodate safe login strategies like biometric authentication to extend account safety.

Copy Buying and selling

Copy buying and selling on Deepcoin lets you copy the methods of skilled merchants mechanically. Whenever 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 mechanically. Deepcoin affords detailed efficiency statistics on most accessible merchants, together with their previous returns, threat ranges, and buying and selling fashion.

Need to copy the highest crypto merchants mechanically? Open your Deepcoin account now!

Demo Buying and selling

The demo buying and selling characteristic supplied by Deepcoin lets you 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 dwell buying and selling.

The demo account, backed by digital funds, is right for freshmen 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 dwell 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 sort of buying and selling and repair you employ. It has a regular 0.1% price for makers and takers for spot buying and selling, which applies everytime you straight 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 lowered 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 prime of that.

The way to Use Deepcoin to Commerce Cryptocurrencies and Bitcoin?

To make use of Deepcoin to commerce cryptocurrencies and Bitcoin, it’s worthwhile to 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 tackle. Put within the crucial particulars, then create a powerful 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 will not be required for primary 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 observe the steps.

Step 2: Deposit Crypto

As soon as your account has been created, you’re required to deposit cryptocurrency, equivalent to USDT, BTC, ETH, and many others.

To deposit, proceed to the “Pockets Overview” tab and click on “Deposit.” Select the coin you want to deposit. A pockets tackle will likely be supplied. Copy the tackle and use your exterior pockets or a special change to ship funds. Double-check the community kind and tackle 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, equivalent 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 Alternate?

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, take a look at our information on the finest zero-fee crypto exchanges.

You’ll get core options like copy buying and selling, demo buying and selling, Ok-line fast orders, and versatile place settings. These instruments assist each freshmen and lively merchants. For actual Deepcoin consumer critiques, you may learn Trustpilot critiques.

Does Deepcoin Want KYC?

Deepcoin doesn’t have necessary Know Your Buyer (KYC) necessities for normal buying and selling operations. It’s doable to register on the platform and commerce crypto belongings with out going by the identification verification course of. However some options like excessive withdrawal limits, in addition to fiat-to-crypto transactions on third-party companies like Simplex and Banxa, do require KYC verification.