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.
| Founded | Since 2018, in Singapore |
| Supported cryptocurrencies | Over 150 cryptocurrencies |
| Trading Options | Spot trading, USDT perpetual contracts, inverse perpetual contracts, copy trading, and demo trading |
| Leverage | Up to 125x leverage on derivatives |
| Trading Fees | 0.1% maker/taker for spot; 0.04% maker and 0.06% taker for contracts |
| Mobile App | Available on iOS and Android with full trading features |
| KYC Requirement | Not mandatory for basic trading; needed for higher withdrawal limits and fiat transactions |
| Licensing | No major global operating licenses |
| Staking & Fiat Support | No crypto staking or fiat withdrawals |
| Security Measures | 2FA, cold storage, SSL encryption, and anti-phishing code |
| Deepcoin Volume | Over $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.
What Are the Best Features of the Deepcoin Exchange?
The best features of the Deepcoin exchange are derivatives trading with up to 125x leverage, Deepcoin mobile apps, copy trading, and demo trading.
Derivatives Trading With up to 125x
Deepcoin provides a derivatives trading platform to speculate on the price action of cryptocurrencies without holding the underlying assets. Two types of contracts are available: USDT perpetual contracts and inverse perpetual contracts.
USDT perpetual contracts are settled in USDT, while inverse perpetual contracts are settled in the base currency, for example, Bitcoin or Ethereum.
Deepcoin offers two margin modes: cross margin and isolated margin. In cross-margin, your entire account balance is shared across all open positions to prevent liquidation. In an isolated margin, the margin is limited to a single position, reducing the risk to your overall account. Depending on the trading pair and risk tolerance, you can use up to 125x leverage. Deepcoin also provides a take-profit feature and a stop-loss feature to manage positions.
Deepcoin Mobile Apps
Deepcoin provides mobile applications for iOS and Android. The mobile apps are built to deliver a seamless trading experience with the same functionality as the desktop platform. The mobile app’s key features are live price tracking, professional charting tools to analyze price patterns and trends, and the ability to place trades quickly.
Also, the apps accommodate secure login methods like biometric authentication to increase account security.
Copy Trading
Copy trading on Deepcoin enables you to copy the strategies of experienced traders automatically. When you choose a trader to copy, your account mirrors their same trades, allocating funds proportionally according to your investment amount.
When the copied trader opens or closes a trade, your account mirrors the action automatically. Deepcoin offers detailed performance statistics on most available traders, including their past returns, risk levels, and trading style.
Want to copy the top crypto traders automatically? Open your Deepcoin account now!
Demo Trading
The demo trading feature provided by Deepcoin enables you to practice futures trading with no real money at stake. This feature simulates a real trading environment for risk-free practice. Here, you can familiarize yourself with the platform’s interface, test different trading strategies, and gain confidence before engaging in live trading.
The demo account, backed by virtual funds, is ideal for beginners to learn and test strategies and the fundamentals of cryptocurrency trading. The demo trading environment replicates the live trading platform with the same features, charts, and market information.
How Much Does Deepcoin Charge?
Deepcoin’s fees vary depending on the kind of trading and service you use. It has a standard 0.1% fee for makers and takers for spot trading, which applies whenever you directly buy or sell your cryptocurrencies.
Deepcoin charges 0.04% as a maker’s fee for perpetual contract trading and 0.06% as a taker’s fee. These fees can be reduced with high trading volumes or VIP status. There is also a funding fee. This funding fee is transferred from long to short positions (or vice versa) every 8 hours.
Deepcoin charges no fees to deposit cryptocurrencies, and the withdrawal fees are asset-specific. You will only pay a variable network fee, and Deepcoin does not charge on top of that.
How to Use Deepcoin to Trade Cryptocurrencies and Bitcoin?
To use Deepcoin to trade cryptocurrencies and Bitcoin, you need to create an account. KYC verification is optional but recommended for full access. After that, deposit funds and start trading Bitcoin and altcoins.
Step 1: Open an account and complete KYC
Visit Deepcoin’s official website or download its mobile app from the App Store or Google Play. Tap the “Register” button. You can register by using your mobile number or email address. Put in the necessary details, then create a strong password to finalize the sign-up. Here, you can also apply our Deepcoin referral code for a free crypto sign-up bonus.
After opening your account, it is advisable to proceed with KYC (Know Your Customer) verification. KYC is not required for basic trading but is necessary to access higher withdrawal limits and advanced trading features. Go to your account dashboard and click on “Identity Verification.” Upload your government-issued ID and follow the steps.
Step 2: Deposit Crypto
Once your account has been created, you are required to deposit cryptocurrency, such as USDT, BTC, ETH, etc.
To deposit, proceed to the “Wallet Overview” tab and click “Deposit.” Choose the coin you wish to deposit. A wallet address will be provided. Copy the address and use your external wallet or a different exchange to send funds. Double-check the network type and address before confirming the transaction. The deposit will show in your Deepcoin wallet after network confirmation.
Step 3: Start Crypto Trading
After depositing funds into your account, you can proceed to trade. Deepcoin provides spot trading as well as derivatives trading. For a spot trade, select a pair, such as BTC/USDT. Use the chart and the order book to determine your buy or sell point. Either select “Limit Order” or “Market Order”. Place the amount and confirm your trading. It will be executed as soon as a matching price is matched.
To trade derivatives, visit the “Derivatives” category. You can trade USDT perpetual or inverse perpetual contracts. You can set the leverage (up to 125x), your margin mode (cross or isolated), and your long or short position.
Is Deepcoin a Good Exchange?
Yes, Deepcoin is a good exchange if you want advanced trading tools, high leverage, and fast performance. It supports spot and derivatives trading, with up to 125x contract leverage. Trading fees are also competitive, but if you want lower trading fees, check out our guide on the best zero-fee crypto exchanges.
You will get core features like copy trading, demo trading, K-line quick orders, and flexible position settings. These tools help both beginners and active traders. For real Deepcoin user reviews, you can read Trustpilot reviews.
Does Deepcoin Need KYC?
Deepcoin does not have mandatory Know Your Customer (KYC) requirements for general trading operations. It is possible to register on the platform and trade crypto assets without going through the identity verification process. But some features like high withdrawal limits, as well as fiat-to-crypto transactions on third-party services like Simplex and Banxa, do require KYC verification.
Looking for a powerful crypto platform with flexible margin options? Join Deepcoin now!
