Deepcoin

Deepcoin is a centralized cryptocurrency exchange established in 2019 and headquartered in Singapore. The platform offers a comprehensive suite of services tailored to both novice and experienced traders, including spot trading, derivatives, and wealth management products.

Information You Need to Know about Deepcoin Exchange

Deepcoin is a centralized exchange (CEX) headquartered in Singapore, providing a wide range of financial services, including spot trading, derivatives, wealth management, and DeFi investment. The platform asserts that it has secured three key regulatory licenses: the United States NFA, United States MSB, and Canadian MSB.

Focused primarily on the Asian market, it distinguishes itself with innovative offerings such as Super Saving, Lucky Money, and Options FX, designed to cater to diverse trading and investment needs.

Deepcoin exchange was founded by Eagle Huang, a seasoned professional with over a decade of experience in the digital space. Before establishing this exchange, Huang led a wealth management company overseeing more than $7 billion in assets.

Its location has been reported differently across various platforms. While the exchange was initially launched in Singapore, its LinkedIn page lists its headquarters as Denver, Colorado. However, the official website states that it is headquartered in Singapore with operational branches in Japan, Canada, South Africa, and other countries. It restricts access to users from certain regions. Residents from Hong Kong (China), Cuba, Iran, North Korea, Crimea, Sudan, Malaysia, Syria, the United States, Puerto Rico, American Samoa, Guam, and the Northern Mariana Islands, among others, cannot use the platform.

The platform offers 216 active trading pairs, including popular ones like BTC/USDT, ETH/USDT, XRP/USDT, ETH/USD, and LTC/USDT. It also supports fiat currencies such as USD, EUR, and GBP, making it accessible for a variety of traders.

Trading Products and Services

Deepcoin offers a variety of trading products and services to meet the diverse needs of its users:

• Diverse Cryptocurrency Selection: It supports over 150 digital currencies and more than 200 trading pairs, providing users with a broad spectrum of investment opportunities.
• Advanced Trading Options: The platform offers perpetual contracts and derivatives trading with leverage up to 125x, catering to traders seeking to maximize potential returns.
• Copy Trading: The copy trading feature allows less experienced traders to mirror the strategies of successful traders, facilitating learning and potential profit generation.
• Wealth Management Services: The exchange provides wealth management products, enabling users to earn passive income through various investment schemes.
• Spot Trading: Spot trading on Deepcoin allows users to trade a wide range of cryptocurrencies instantly. The platform provides high liquidity and competitive spreads for efficient transactions.
• Perpetual Contracts: One of the flagship features of this exchange is its perpetual contract trading, which offers up to 100x leverage. This product is designed for advanced traders looking to maximize their potential gains while managing risks effectively.
• Fiat Integration: It supports fiat deposits and withdrawals, enabling users to trade cryptocurrencies against major fiat currencies. Supported payment methods include bank transfers and credit/debit cards.

Deepcoin Fee Structure

When it comes to Deepcoin, the fees are some of the best you’ll find. So, what exactly are the fees on Deepcoin?

There are two main types of fees to know: fees for perpetual contract trading (derivatives) and Spot market trading. Let’s keep it simple and focus on the basic numbers instead of diving into complex details.

For perpetual contract trading, the fees are as follows:

• Maker: 0.04%
• Taker: 0.06%

For Spot trading, both maker and taker fees are set at 0.1%.

These rates are extremely competitive! It’s rare to find an exchange offering fees this low to its users.

That said, there are some additional terms and conditions that may slightly adjust these rates, depending on your trading activity and other factors. However, these adjustments don’t change the fact that Deepcoin remains an excellent choice for anyone looking for low fees. If keeping costs down is a priority for you, Deepcoin is definitely worth considering!

Simple Guide to Getting Started with Deepcoin

Starting your adventure with Deepcoin exchange is a breeze, making it perfect for both beginners and seasoned traders alike. The platform is crafted to ensure that your onboarding experience is straightforward and user-friendly. Here’s a handy step-by-step guide to help you kick off and fully utilize the features of this platform:

1. Set Up Your Account: Head over to the Deepcoin website and sign up using your email address or phone number. Make sure to complete the verification process so you can access all the features.
2. Add Funds: Choose your preferred deposit method, whether it’s in cryptocurrency or traditional currency, to add funds to your account. You can make fiat deposits via bank transfers or credit/debit cards.
3. Discover Trading Pairs: Navigate to the trading section and browse through over 200 trading pairs. If you’re just starting out, it’s a good idea to focus on popular pairs like BTC/USDT.
4. Begin Trading: Depending on your trading goals, take advantage of spot trading or perpetual contract options. For newcomers, it’s advisable to start with smaller amounts to minimize risks.

Set Up Your Deepcoin Account

1. Visit the official website: Go to Deepcoin’s homepage and click the “Register” button at the top-right corner.
2. Enter your details: Choose your country, enter your email address, and create a password.
3. Verify your email: The website will send a code to your email. Enter it to confirm.
4. That’s it! Your account is now ready. If there’s a bonus promotion (e.g., 10 USDT), you may qualify for it after registration.

What makes Deepcoin convenient is that it doesn’t require mandatory KYC verification, so signing up is quick and easy.

Add Funds

1. Click the “Deposit” button at the top-left corner.
2. Choose the cryptocurrency you want to deposit and the correct network for the transaction. Be careful—sending assets to the wrong network could result in losing them.
3. Deepcoin exchange supports various wallet types, including:
   • Wallet account
   • Spot account
   • USDT perpetual account
   • Inverse perpetual account
   • Bonus account

You can easily manage your funds and keep track of them in one place.

Spot Trading

Spot trading allows you to trade actual cryptocurrencies and transfer them to an external wallet if needed. Deepcoin offers a variety of trading pairs, whether you’re looking for popular coins or lesser-known ones.

The spot trading interface includes:

• A central chart with advanced tools.
• A trading section to place market, limit, or conditional orders.
• Features like “stop-loss” to manage risk.

It’s user-friendly for beginners while still offering tools for experienced traders.

Derivatives Trading

Deepcoin focuses heavily on derivatives trading, allowing you to trade contracts based on crypto assets.

• Perpetual USDT contracts: Use USDT as the margin.
• Inverse perpetual contracts: Use a cryptocurrency like BTC as the margin.

The trading interface is similar to the spot trading platform, so it’s easy to switch between the two. This feature is ideal for those looking to trade without directly holding the underlying asset.

Some Beginner Tips for Trading on Deepcoin

If you’re new to the realm of cryptocurrency trading, Deepcoin offers a friendly and user-friendly platform. Whether it’s your first time trading or you’re seeking fresh opportunities in the crypto landscape, grasping the fundamentals is vital for achieving success. To assist you on this thrilling adventure, here are some key tips that will help you as you embark on your initial trading experience with Deepcoin exchange.

• Start Small: Kick off with a modest investment to familiarize yourself with the platform while minimizing potential losses.
• Leverage with Caution: Be cautious when using leverage, particularly if you’re just starting out. High leverage can result in considerable losses.
• Diversify Investments: Spread your funds across multiple assets to reduce risks.
• Follow Market Trends: Keep an eye on market news and trends to make informed trading decisions.
• Utilize Copy Trading: Take advantage of the copy trading feature to learn from seasoned traders and enhance your strategies.

By adhering to these suggestions and familiarizing yourself with what this crypto exchange has to offer, you’ll be able to fully capitalize on the platform’s powerful features and trading possibilities.

Frequently Asked Questions

1. Is Deepcoin  exchange safe to use?
Yes, it employs industry-leading security measures, including cold wallet storage, two-factor authentication, and continuous monitoring, to ensure the safety of user funds.

2. Do I need KYC to trade on Deepcoin?
Basic trading is available without KYC. However, completing verification unlocks higher withdrawal limits and access to advanced features.

3. What is DCT Token used for?
DCT Token provides trading fee discounts, staking rewards, and access to exclusive features on the platform.

4. Does this exchange support fiat deposits?
Yes, it supports fiat deposits through various methods, including bank transfers and credit/debit cards.

5. What is perpetual contract trading on Deepcoin?
Perpetual contracts on Deepcoin are a type of derivatives trading that allows users to speculate on the price movements of cryptocurrencies with up to 100x leverage.

Deepcoin is a reliable and innovative cryptocurrency exchange offering a wide range of trading products and services. Whether you are a beginner exploring spot trading or an advanced trader leveraging perpetual contracts, it provides the tools and features needed for a successful trading experience. With its focus on security, user satisfaction, and innovation, Deepcoin is a top choice for traders worldwide.