Deepcoin Review

Deepcoin Review

Robert McDougall 

November 23, 2022

Cryptocurrency

Numerous crypto exchanges have been established in the past few years. Unfortunately, most do not focus on the features, services, and feasibility needed by current-generation users. These include diversity of assets, multiple markets, affordable rates, professional trading layout, and a hassle-free user experience. Deepcoin promises to solve all these problems once and for all.

What is Deepcoin?

Launched in November 2018, Deepcoin is a multipurpose cryptocurrency exchange committed to providing users with the ultimate trading experience and a gateway to the next big thing – the metaverse.

It is explicitly designed to bring innovative features to crypto users from different parts of the world. Deepcoin carves a better path to the web 3.0 industry and offers groundbreaking tools to investors and crypto traders. The exchange was developed by senior players in the blockchain industry and executives from popular finance companies who made sure that the exchange meets the current needs of traders.

Competitors will find it challenging to compete with Deepcoin due to their robust trading layout, affordable trading rates, and the variety they offer. With Deepcoin, you can conveniently and efficiently trade on the spot market consisting of hundreds of assets, or you can go with different types of perpetual contracts for even advanced features, margins, and profit. With its easy-to-understand and beginner-friendly exchange design, anyone can start trading on Deepcoin with pretty much all the features. Simply sign up with your mobile number or email address, verify the required particulars, and start your trading journey with one of the most innovative crypto exchanges.

Deepcoin claims to have over 1 million registered users from over 30 countries. They have a cumulative trading volume of about $1 trillion, which is constantly increasing as the industry grows and the exchange brings new features. To provide users with a hassle-free and lawful trading experience, Deepcoin acquired licenses in two major global jurisdictions, and they are constantly working on widening their compliance.

Deepcoin Pros & Cons

Pros
  • 100+ cryptocurrencies are available to trade
  • Trade derivatives or on spot
  • Advanced trading layout with countless functions
  • 24/7 multilingual customer support
  • Beginner-friendly exchange with quick setup
Cons
  • Crypto purchases are only available on mobile apps
  • No investment products

Deepcoin features

Check out some of the Deepcoin features and decide if the exchange is a good fit for your preferences.

Instant crypto purchases with mobile app

The exchange provides users with an easy gateway to purchase cryptocurrencies with fiat assets. Note that the crypto purchasing option is only available on the Deepcoin mobile applications and not the desktop version of the platform. 

Deepcoin has partnered up with Banxa, a third-party payment merchant that supports all the popular fiat assets like USD, JPY, CAD, and AUD. It allows you to buy cryptocurrencies with payment methods like Visa Card and Mastercard and instantly get the assets you want.

Trade perpetual contracts or assets on the spot

Deepcoin does not restrict users in trading within the different markets. The platform comes with two separate trading markets suited for different types of traders with varying preferences. If you simply want to buy and sell cryptocurrencies without having to deal with complications and advanced features, the spot market should be your go-to place. You can trade over 100 cryptocurrencies there and maximize the diversity of your portfolio just as you want.

They also have a market for perpetual contracts, which is divided into two categories. You can trade USDT perpetual contracts or go with inverse perpetual contracts, both of which have several pairs available to be traded right away. Derivatives trading comes with relatively more tools and features than the spot market, and that is why it is usually recommended for traders who know what they are doing.

Up to 125x leverage with customizable strategies

Deepcoin offers the option to leverage your trades if you are trading perpetual contracts. You can leverage your trades up to 125 times, which is generous but comes with its own risks. Leveraged trading is a double-edged sword that can highly reward you if everything goes right but can eat your whole portfolio up with a single wrong market movement.

The positions you set up with Deepcoin are highly customizable, and the platform gives you a free hand to set them up just as you want. You can have 20 consecutive open positions along with 50 TP/SL positions on every single open position. You can even set up TP/SL positions for partial amounts, full amounts, and different conditions to control the risk effectively.

Advanced trading layout with smarter tools

The trading layout of any crypto exchange should come with loss-less connection, accuracy, advanced features, and ease-of-use, automatically ensuring the best experience for you. With the Deepcoin trading layout, you get the most advanced features, functions, and tools for every executed trade. The ordinary but fast and precise charts allow you to evaluate the market data. You can also switch between the standard charting mode or the charts offered by TradingView, the most popular charting service on the internet. You can have full-on focus on your trades with the full-screen mode or capture snapshots to check them out later on.

The platform also allows traders to integrate different indicators and use drawing tools to mark different positions and turns. Deepcoin smart tools include exclusive functions like K-Line trading trailing stop and dual price liquidation. You can also split and merge your positions, thanks to the dedicated order execution section available within the trading layout. Y ou can also keep track of previous trades, order books, and order history to make the right decisions.

Enhanced security system with hot and cold wallets support

We all know that the blockchain industry has security flaws that should be dealt with to protect users. Deepcoin opted for the hybrid wallet system that uses hot and cold wallets. This system isolates users’ funds perfectly and eliminates the risk of online exposure. 

The platform also offers users several methods to protect their accounts against hacking or phishing attempts. You can enable phone and email alerts, turn on 2FA, and use other available methods to secure your account.

Earn up to 50% commission with the affiliate program

You can earn up to 50% with the Deepcoin affiliate program, depending on the VIP level you have. There are currently 4 VIP tiers available at Deepcoin. The platform offers 30% commission rewards to users with tier levels 1 to 3. In case you are a tier 4 member, you can get a 50% commission along with other benefits such as a personal account manager, live commission reports, quick payments, event invitations, and much more. The best thing is some of these benefits are also available for lower-tier users.

Beginner-friendly exchange with a quick registration

Deepcoin won’t confuse you with tons of services on offer. They mainly focus on trading services, with each option having a separate section for you to access. Thanks to their user-friendly interface, you can explore all the available options without finding yourself tangled. If you have questions or encounter a problem, Deepcoin has a help center with lots of guides, articles, and tutorials to help you understand things.

The registration process is quick, fast, and hassle-free. Just enter your email address, phone number, and password, and you will be good to go. To make things even more convenient, you don’t have to go through the long KYC verification procedure that can take days to complete.

Tons of campaigns in the promotion center

Deepcoin’s promotion center offers users tons of campaigns where you can win rewards, grab electronic devices and more for simply trading specific crypto assets. 

Deepcoin previously ran their zero-fee months promotion where users could trade for absolutely free. You can check out their promotion center and compete in any of the campaigns available to earn cash, win prizes, or benefit in another way.

Supported cryptocurrencies on Deepcoin

If diversity is your priority when trading, you should check out Deepcoin which offers a huge number of tradable digital assets. There are over 130 cryptocurrencies that you can efficiently trade on the platform, along with all the professional tools, features, and strategies. The more cryptocurrencies are available to trade, the more chances you get to explore different markets and capture new opportunities that can pay you off quite well. 

To make things a little easier for traders, Deepcoin has divided their spot trading section into multiple sub-categories, allowing traders to choose a particular type of digital asset as per their preferences. With all this, you can diversify your portfolio without being limited to a few cryptocurrencies only. It is pretty much up to you to trade the most popular cryptocurrencies or try your luck with new projects, penny coins, and more.

Here are some of the most popular cryptocurrencies that you can trade on Deepcoin:

  • BTH
  • ETH
  • BCH
  • SOL
  • UNI
  • DOT
  • XRP
  • ADA
  • BNB

These assets are just a few that you can trade on Deepcoin. With a new listing every other day, you can always come across a new asset with a new opportunity.

Deep Coin — Native Deepcoin token

There is another cryptocurrency that I deliberately did not mention in the list above, and it is DeepCoin (DC), the native token of the Deepcoin exchange. DC is an ethereum-based token that comes with a maximum supply of 1 billion tokens. It was initially created in order to benefit the traders on the exchange.

Every time a VIP level 1 or above trader trades, and a trading fee occurs, Deepcoin rewards the trader with free DC tokens. You can get up to 30% DC tokens of the trading fee paid depending on what VIP level you are on. The higher your member level, the more you will be able to get back in the form of DC tokens when trading.

Deepcoin Customer Support

Deepcoin has a pretty good customer support solution as they allow users to chat live instantly with any of their available agents. There is a chat box available pretty much all the time in the lower right corner of the platform that you can click on and get in touch with the team at the exchange. First, you will be provided with a list of articles that might solve your problem, or you can write a small message in the chatbox to be connected with the agent. 

However, the live chat service offered by Deepcoin is not very efficient. The agents reply very slowly, and they do not seem to understand the described problem professionally. It is almost like you are chatting with an AI bot. You can send emails to the specific members of the team working behind Deepcoin in order to get your query answered or problem solved.

Deepcoin Mobile support

There are traders who do not want to miss a single opportunity to win. That is where mobile trading applications come in. Deepcoin offers mobile applications that users can download and trade at their fingertips whenever they want. The mobile applications are available for both Android and IOS devices. 

You can trade on the spot or trade perpetual contracts as per your preferences. The applications offer a smooth, hassle-free, and accurate trading experience to all traders. You can also read charts and use several available tools to enhance your evaluations. You can also purchase cryptocurrencies with the Deepcoin mobile applications, thanks to Banxa, a third-party merchant they have partnered with.

Deepcoin fees for users

Deepcoin Deposit Fee

There is no fee for topping up your Deepcoin account with cryptocurrencies. But if you are purchasing crypto assets with the third-party merchant through the app, you will have to pay a specified fee. The fee for direct crypto purchases ranges between 3% and 8% depending on the amount, method, and the chosen fiat currency.

Deepcoin Trading Fee

Deepcoin charges a fixed fee of 0.1% from makers and takers. The exchange has also defined a specific minimum order amount that should be kept in mind when trading on the spot.

For the fee rate for derivatives trading, specifically USDT perpetual, there is a fixed fee of 0.06% as a taker and 0.04% as a maker. The trading fee is calculated by a specific formula:

Trading fee for USDT perpetual contracts: Contract Face Value x Trading Fee Rate x Filled Price

The fee rate for perpetual inverse contracts is also 0.06% for takers and 0.04% for makers. The trading fee is calculated by the formula below:

Trading fee for inverse perpetual contracts: Contract Face Value x Trading Fee Rate / Order Price

Deepcoin Withdrawal Fee

Deepcoin charges a variable fee for crypto withdrawals. Each withdrawable asset comes with its own specific fee that you have to pay at the time of withdrawal. The fee is usually mentioned on the withdrawal page when you are initiating a withdrawal.

What do the reviews and ratings show?

On paper, Deepcoin is among the absolute pioneers in the crypto industry. But do users agree? On some popular review sites like TrustPilot, Deepcoin has a rating of around four stars but with minimal reviews. 

Deepcoin mobile applications have an average rating of 4.2 on GooglePlay, with over 2,000 user reviews, indicating user satisfaction. But some users have also faced problems creating an account with the app or withdrawing their sign-up bonus; they gave the app only a 1-star rating. Of course, these are the types of issues that are fixed with time, and we can expect a resolution soon from Deepcoin officials.

How does Deepcoin compare with the competition?

With their unique trading features, Deepcoin competes with some of the best crypto exchanges. Deepcoin has a great variety of derivatives where they offer USDT perpetual and inverse perpetual contracts. Some popular exchanges like Crypto.com do not offer derivative trading. The diversity of the cryptocurrencies provided by Deepcoin for spot trading is also miles ahead when compared to crypto exchanges like BitYard or Bitflyer, which offer less than 50 tradable assets.

Advanced trading tools like k-line trading, splitting and merging of the positions, multiple consecutive positions, extensive stop-loss customization, and dual-price liquidation are very hard to find in exchanges like Coinbase and even FTX. 

In terms of ease, Deepcoin is probably ahead of pretty much every exchange as they do not force users to go through a long KYC verification process. Even if you want to register on the exchange, the process usually only takes a minute to get started.

How safe is Deepcoin?

Deepcoin is one of the safest cryptocurrency exchanges you can opt for right now. The exchange comes with a self-developed third-gen trading system that works flawlessly without failing, eliminating the risk of losing your funds. The exchange uses a combination of hot and cold wallets to ensure the full protection of your funds. When stored in offline cold wallets, your funds are almost impossible for any third party to access. They have hired tech specialists from all over the globe to make sure that the exchange is working perfectly without any vulnerabilities that hackers can exploit.

There have been no reports of any type of hack attempt on Deepcoin or any user losing funds due to fraudulent activity ignored by the exchange. The exchange also provides multiple ways for users to protect their accounts. You can enable phone verification, email verification, Google authenticator, and anti-phishing code, and even check your login history whenever you want. Deepcoin also provides time, source, status, and IP information for even better analysis.

What makes it unique?

Why would someone pick Deepcoin over hundreds of other cryptocurrency exchanges available? The foremost reason that makes Deepcoin unique is they offer advanced trading tools. Only a handful of exchanges offer features like 20 consecutive positions, up to 125 times leverage, 50 TP/SL positions, extensive order customization, and other tools that can help you trade better. Deepcoin is a global crypto exchange without significant restrictions or requirements of documents that negatively affect the overall experience of traders.

Frequently Asked Questions

Can US users register on Deepcoin?

Yes, users residing in the United States of America can register on Deepcoin without any restrictions. Just sign up with your email address or phone number, and you will be good to go.

Is Deepcoin available globally?

Deepcoin is available in most jurisdictions in the world, but there are some countries that the exchange does not support. For instance, users from China or Saint Lucia are not supported.

Do you need to verify your identity on Deepcoin?

There is no need to go through the process of verifying your identity on Deepcoin. The platform does not ask their users to submit their selfies, documents, or other things to verify themselves.

Is Deepcoin a secure and reliable crypto exchange?

Deepcoin is a fully trusted and secure crypto exchange that has been in business for half a decade now. They use the latest-gen security systems and theft-prevention methods to protect the identity and funds of users

Can you buy cryptocurrencies on Deepcoin?

Crypto purchases are only possible through the Deepcoin mobile applications available on Google Play and App Store. Deepcoin redirects their users to Banxa, a third-party payment merchant that allows you to purchase cryptocurrencies with your fiat assets.

What cryptocurrencies are supported on Deepcoin?

Deepcoin supports over a hundred cryptocurrencies which include all of the popular digital coins as well as some new projects. The list includes BTC, ETH, BND, USDT, and many other names that are known in the industry.

Can you trade with leverage on Deepcoin?

Yes, you can leverage your trades up to 125 times with the derivatives trading available on the exchange.

Is Deepcoin expensive to trade with?

Deepcoin is an affordable crypto exchange with minimal trading rates. Derivative trading is even cheaper, and you can get further discounts by claiming your DC tokens as trading fee rewards.

Should you invest in DC tokens?

DC is the native token of the Deepcoin exchange. The asset has potential to grow due to limited supply and an increasing number of holders. But do your own research and evaluate the risk before investing in the asset. Remember to never invest more than you are willing to lose.

Can you earn money with Deepcoin?

Besides trading, Deepcoin allows their users to earn with their affiliate program or the campaigns they bring in every other day. You can check out the promotions center offered by the exchange and take part in the available contests.

Conclusion

Picking a suitable crypto exchange is certainly not easy as it sounds, especially if you are a professional trader. You have to consider the trading layout, tools offered, accuracy, precision, number of assets available, leverage, and much more which ensure a perfect experience for you. Deepcoin has got it all and is a perfect place for any trader who does not want to compromise on trading experience.

Deepcoin allows you to purchase cryptocurrencies and be a part of the ecosystem they have created through the DC token. With its beginner-friendly UI, you can easily check out all the services and have an all-new way of exploring the blockchain industry. The exchange also provides users with opportunities to earn side income with their affiliate program or through the trading competitions they bring for their traders. So, sign up for Deepcoin right now and trade and earn professionally.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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