Deepcoin Exchange Review
Deepcoin is a centralized exchange that occupies #31 on Guru InvestingExchange Tracker. Deepcoin trading volume is US$374,179,201 in the last 24 hours and US$351,862,966,110 in the last 7 days.
Currently Deepcoin has 131 cryptocurrencies, 8 paper currencies and 170 markets (cryptocurrency trading pairs). The most popular trading pair on Deepcoin is ETH/USDT.
You can read the full expert review of Deepcoin here: Deepcoin Review.
Compare Deepcoin next to other exchanges here: Exchange comparison tool.
Deepcoin is a Singapore-based centralized cryptocurrency exchange (CEX). Launched in 2018, it focuses on derivatives trading and investing in DeFi. The Deepcoin cryptocurrency exchange also offers spot market and direct cryptocurrency purchases.
The platform does not require clients to verify their identity or complete KYC procedures. Deepcoin spot and derivatives markets are not available in a number of countries and territories, including Cuba, Hong Kong and the United States.
Markets
The platform only supports cryptocurrency trading. While fiat currencies are not tradable, stablecoins such as Tether (USDT) And US Dollar Coin (USDC). There are over 180 Deepcoin trading pairs on the markets.
Like many crypto exchanges, the platform hosts its own token, Deepcoin (DC). This is a utility token that can be earned through a merchant mining mechanism. According to the company, the token is environmental. The process of unlocking assets is directly related to the price of the Deepcoin cryptocurrency.
The derivatives market is the main product offered by the Deepcoin cryptocurrency exchange. Clients can choose between two types of derivative contracts:
- USDT perpetual
- Inverse eternal
Traders with perpetual contracts on the Deepcoin crypto exchange can access a wide range of instruments, including Fast K-Line trading, double price liquidation and trailing stops. Allows you to set up to 50 take profit/stop loss positions, as well as up to 20 positions with split or merged leverage. Contracts can be traded with leverage up to 125x.
There are over 100 crypto assets on the Deepcoin spot market. The market offers three types of orders − market, limit and conditional. Available trading categories include DeFi tokens, GameFi, Metaverse, NFTs and platforms.
Deepcoin exchange fees vary depending on the market selected and the number of orders executed. Each new order is subject to a separate trading fee. The platform uses a producer-receiver model to calculate rates. All values are expressed in US dollars.
For traders with USDT inverse and perpetual contracts, the maker-taker fees are 0.04% and 0.06% respectively. It is determined by multiplying the face value of the contract, the trading commission rate and the filled price. Deepcoin trading volume does not affect costs.
Depending on the selected asset, the minimum order amount on the spot market may vary. Spot trading fees are fixed at 0.1% for both makers and takers. The order commission is determined by the volume of Deepcoin bought/sold, the commission rate and, for buyers, the purchase price.
The platform does not support Binance Smart Chain tokens based on BEP-20 And BEP-2 standards. If the user attempts to deposit such tokens, the assets will be irretrievably lost. Additionally, deposits from smart wallets using TRC-20 smart contracts are not supported.
Users are not charged any Deepcoin cryptocurrency fees for depositing assets. Withdrawals are not possible until the user has deposited into Deepcoin at least once. All withdrawal requests are manually verified and fees may vary.
About company
Cryptocurrency exchange Deepcoin was founded Ego Huang in 2018 in China. Following changes in cryptocurrency regulations in China, the company is now based in Singapore and registered in the Seychelles.
In October 2022, Deepcoin began a partnership with Saitama. As part of this collaboration, two Saitama tokens will be issued, SAITAMA And SRLTIwere listed on the stock exchange.
Ego Huang is the CEO of the cryptocurrency exchange Deepcoin. Before entering the blockchain industry, Huang worked in the IT sector as a product manager for almost ten years.
Deepcoin related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
