Is It a Good Platform to Trade Cryptocurrencies?

Deepcoin is a centralized cryptocurrency trade 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 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.

As a consequence of strict compliance guidelines, U.S. residents can not entry Deepcoin legally. Nevertheless, Deepcoin doesn’t require obligatory KYC for fundamental buying and selling however mandates it for greater 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 assessment will clarify what Deepcoin is, what its greatest options are, and the way a lot Deepcoin costs. We can even cowl a step-by-step information on how you can use Deepcoin to commerce cryptocurrencies and Bitcoin.

Register with Deepcoin and begin immediately — no KYC wanted.

Deepcoin Evaluation: What Is It?

Deepcoin is a centralized trade that was established in 2018. It’s headquartered in Singapore and affords varied buying and selling options, akin to 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 offers leverage of as much as 125x for derivatives buying and selling.

Deepcoin costs 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 gadgets. Nevertheless, some drawbacks exist, akin to not being licensed in any main jurisdiction and never providing crypto-staking providers.

What Are the Execs of Deepcoin?

The professionals of Deepcoin are diversified crypto choices, excessive leverage, aggressive buying and selling charges, superior buying and selling instruments, and replica buying and selling.

• Diversified Cryptocurrency Choice: Deepcoin has over 150 supported cryptocurrencies, permitting for a broad choice 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 business normal of 0.1% maker/taker.
• Superior Buying and selling Instruments: It consists of Okay-Line Fast Buying and selling and strategic Take-Revenue/Cease-Loss (TP/SL) orders for complicated 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 relating to oversight and compliance.
• No Staking Providers: The trade has no staking providers, which limits consumer alternatives to grow to be concerned in staking for passive earnings.
• No Fiat Withdrawals: Fiat foreign money withdrawals should not supported by Deepcoin, which might be an obstacle for these seeking to convert and withdraw their crypto holdings into money.

Benefit from 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 should 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. If you provoke an order, it’s matched with an individual keen to purchase or promote at your similar value. Deepcoin has options akin to break 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. A lot of the funds are offline in chilly wallets, with each day operations accomplished 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 chargeable 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 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 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 forestall liquidation. In an remoted margin, the margin is proscribed to a single place, lowering the chance to your total account. Relying on the buying and selling pair and threat tolerance, you should use as much as 125x leverage. Deepcoin additionally offers a take-profit function and a stop-loss function 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 value monitoring, skilled charting instruments to research value patterns and traits, and the power to put 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 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 based on your funding quantity. 

When the copied dealer opens or closes a commerce, your account mirrors the motion routinely. Deepcoin affords detailed efficiency statistics on most accessible merchants, together with their previous returns, threat ranges, and buying and selling model.

Wish to copy the highest crypto merchants routinely? Open your Deepcoin account now!

Demo Buying and selling

The demo buying and selling function offered by Deepcoin allows you to observe futures buying and selling with no actual cash at stake. This function simulates an actual buying and selling atmosphere for risk-free observe. Right here, you’ll be able to familiarize your self with the platform’s interface, check 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 good for freshmen to study and check methods and the basics of cryptocurrency buying and selling. The demo buying and selling atmosphere 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 type of buying and selling and repair you utilize. It has a normal 0.1% charge for makers and takers for spot buying and selling, which applies everytime you immediately purchase or promote your cryptocurrencies.

Deepcoin costs 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 costs 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 high of that. 

The best 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 optionally available 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 handle. Put within the vital 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 is just not required for fundamental buying and selling however is critical to entry greater 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, akin to 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 handle might be offered. Copy the handle and use your exterior pockets or a unique trade to ship funds. Double-check the community kind and handle 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’ll be able to proceed to commerce. Deepcoin offers spot buying and selling in addition to derivatives buying and selling. For a spot commerce, choose a pair, akin to BTC/USDT. Use the chart and the order guide to find out your purchase or promote level. Both choose “Restrict Order” or “Market Order”. Place the quantity and ensure your buying and selling. It is going to 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 Alternate?

Sure, Deepcoin is an efficient trade if you need 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 need decrease buying and selling charges, try our information on the best zero-fee crypto exchanges. 

You’ll get core options like copy buying and selling, demo buying and selling, Okay-line fast orders, and versatile place settings. These instruments assist each freshmen and energetic merchants. For actual Deepcoin consumer critiques, you’ll be able to 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 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.

Searching for a strong crypto platform with versatile margin choices? Be part of Deepcoin now!