Deepcoin Exchange appeals to novice and experienced traders with a great selection of cryptocurrencies and low fees.
Their security is impeccable, employing methods such as cold storage and two-factor authentication.
Along with being able to trade any day of the week at any time, their customer support is always active, which only adds to their appeal.
What Is Deepcoin ?
Deepcoin is a centralised cryptocurrency exchange headquartered in Singapore which deals in spot trading, derivatives and a variety of other DeFi services.
Deepcoin has made claims of receiving authoritative regulatory licenses from US NFA, US MSB and Canadian MSB fully.
The exchange primarily focuses on the Asian market, offering an array of products such as Super Saving and Options FX.
Key Highlights of Deepcoin
| Category | Details |
|---|---|
| Launch Year | 2018 |
| Headquarters | Singapore (with branches in Japan, Canada, South Africa, and other countries) |
| Supported Pairs | BTC/USDT, ETH/USDT, XRP/USDT, ETH/USD, LTC/USDT, and more |
| Fees | Taker Fee: 0.10% (Spot Trading), 0.06% (Perpetual Contracts) |
| Margin Trading | Leverage up to 125x |
| Regulatory Licenses | United States NFA, United States MSB, Canadian MSB |
| Customer Support | 24/7 Multi-Lingual Support with one-minute response time |
| Security | Hot and cold wallet structure, dual-price liquidation protection mechanism |
| Trading Features | K-Line Quick Trading, Split & Merge Positions, Extensive Take-Profit & Stop-Loss Tools |
| Referral Program | Existing users can earn a commission from the trading fees generated by referred users (45%) |
| Website | Deepcoin Official Website |
Key Features of Deepcoin
Variety of Coins
Deepcoin allows the use of diverse coins such as bitcoin or ethereum alongside many altcoins as well.
Convenient for Users
This platform has been built in a way that is easy to navigate, allowing even those with little to no experience in the currency field to effectively use it.
Tools for the Trade
Deepcoin has to offer to its more proficient users, nifty tools like marking on the chart, and integration of trading indicators among a variety of order types like spot trading, margin trading, etc.
Security and Safety
Deepcoin restricts and protects their users from fund and data theft through the use of two-factor authentication, cold wallets and encryption.
Low Commission Elsewhere
Deepcoin has made a name for itself through the promos it does alongside cutting commission fees for active traders who are seeking to cut down on their fees.
Passive Income
By storing certain coins on the platform, users are able to passively earn income.
Mobile Trading
Deepcoin also offers it’s customers the ability to trade through their mobile phones seamlessly shifting from device to device.
Supports Fiat
Depositing and withdrawing fiat currencies is supported by the exchange, making it easier to transfer between traditional and virtual money.
Around the Clock Client Services
Deepcoin has clients services that operate around the clock helping the users with any difficulty they encounter .
How to Get Started on Deepcoin?
Go to the Deepcoin Site: To find the deepcoin site, follow the link. “Register” is present on the site and is found to the right corner of the screen at the top. Click on it.
Set Up An Account: Indicate their country, email address and give a password.
Confirm Your Email Address: Use the verification link sent through a message in your email account near email verification.
Ensure That All KYC Steps Are Followed: All necessary steps within the KYC scope will be communicated to the client and will be accompanied by the presentation of various ID’s in some cases.
Put Money In Your Bitcoin Wallet: Make a deposit by bank wire transfer, credit card or another form of Crypto.
Trade Instantly: You are ready with an account and you have made a deposit into this account.
Deepcoin Exchange Fees
| Fee Type | Rate |
|---|---|
| Taker Fee | 0.06% |
| Maker Fee | 0.04% |
| Withdrawal Fee | 0.000079 BTC |
| Network Fees | Varies |
Pros and Cons of Deepcoin
Pros:
Cost Efficient Trading Fees: Traders can wind up with a lot of money saved due to the transaction fees provided by Deepcoin being very low.
Various Cryptocurrencies Supported: The platform supports a multitude of cryptos which will enable the user to deal in common and even uncommon coins.
Easy to Use Interface: The interface of the platform is simple and easy to navigate which makes it suitable for newcomers and veterans alike.
Enhanced Security Features: Deepcoin has taken necessary actions to ensure users’ assets are safe by enabling 2FA and encryption along with cold storage.
Customer Service Available 24/7: In case an issue arises, the platform makes sure that the users are able to reach out to someone who is able to assist them at any time of the day.
Cons:
Limited Availability of Fiat Support: Unlike other larger exchanges, Deepcoin’s options for fiat withdrawal and deposits is more narrow.
Verification Required: The process of customer verification can be long which can turn away users who wish for privacy.
Region Restrictions: Not all services are available in every country which may be inconvenient for some users.
Limited Features of the Mobile Application: Even though the application is beneficial it does not encompass all the qualities that the desktop version does.
Late to the Scene: Compared to other well known sites, Deepcoin is relatively new and this can turn people off due to a lack of users and prove track record.
Is Deepcoin Safe?
Deepcoin’s market services are believed to be secure, as the platform adopts a multi-faceted approach to protecting assets, integrating a KYC policy , hot and cold wallet structure, and efficient risk management systems to safeguard user funds.
All things considered, and similar to all other exchanges, I highly advise to enable two-factor authentication(2FA), use complex passwords and remain knowledgeable about the present day security standards.
In the last 90 days, there have been no access incidents or a breach of security measures on the exchange – moreover, the trading platform has successfully passed penetration testing performed by CertiK, and this further affirms my words.
Tips for Maximizing Your Deepcoin Experience
Two Factor Authentication (2FA)
Always ensure to activate the two-factor option lest one seeks to easily unlock your accounts security.
Use Staking if Available
Certain chapters on this platform offer the flexibility of earning passive income on your passive coin possessions. Make sure to research the staking options and rewards prior to making any further arrangements.
Keep an Eye on Other Industry News
Once you start trading on various platforms, it is crucial to have the resources needed to stay up to date with market news to anticipate price movements. For this, Deepcoin offers advanced tools like charts which would prove beneficial to your analysis endeavors.
Download and Install the Deepcoin Mobile App
For instance, if you plan to conduct trades while you are outside your area of residence, downloading and installing this app onto your smart device could prove useful as it customarily allows one to keep a close eye on trade activities and make the necessary decisions as deemed fit.
Don’t Overtrade and Use Risk Management
Establish risk management techniques that will encourage implementation of final decisions laser focused on your investment scope.
Supported Countries and Regions
Users from a variety of regions have access deepcoin. The regions deepcoin users live in are:
- Singapore
- Japan
- Canada
- South Africa
- United States excluding some of the states.
- United Arab Emirates
Regions such as…. (Hong Kong (China), Cuba, Iran, North Korea, Crimea, Sudan, Malaysia, Syria, Puerto Rico, American Samoa, Guam, and Northern Mariana Islands) which are where the services offered by the exchange are restricted are not able to use the services.
Here is a comparison of Deepcoin and Coinbase across key features:
| Feature | Deepcoin | Coinbase |
|---|---|---|
| User Interface | User-friendly, suitable for beginners and experienced traders | Intuitive, beginner-friendly with advanced options in Coinbase Pro |
| Cryptocurrency Support | Wide range of cryptocurrencies, including major coins and altcoins | Supports top cryptocurrencies and regular new additions |
| Trading Fees | Low fees, competitive for active traders | Higher fees for basic users, lower on Coinbase Pro |
| Security Features | Two-factor authentication (2FA), cold storage, encryption | 2FA, insurance for digital assets, cold storage for most funds |
| Supported Countries | Available in many regions, some services limited by local regulations | Available in over 100 countries, but with regional restrictions on some features |
| Staking and Passive Income | Provides staking options for certain cryptocurrencies | Offers staking for multiple coins like Ethereum, Tezos |
| Mobile App | Functional mobile app with some feature limitations | Robust mobile app with full trading capabilities |
| Customer Support | 24/7 support, but some delays reported | 24/7 support, live chat, email, and extensive help center |
| Regulatory Compliance | Complies with regulations in various regions | Highly compliant, especially in the U.S. with a regulated exchange |
| Educational Resources | Basic tutorials and guides | Extensive educational materials, including a learning program with rewards |
Deepcoin Customer Service
Deepcoin Customer Service provides support to users through several key features:
Availability: Deepcoin offers 24/7 customer service, ensuring that users can get assistance at any time.
Support Channels: Users can reach customer service through live chat and email. For quicker inquiries, live chat is available, while email support is used for more complex issues.
Response Time: While generally quick, some users report occasional delays, particularly during high traffic periods.
Help Center/FAQ: Deepcoin has a help center with a variety of FAQs and guides to assist users with common issues and questions about the platform.
Languages Supported: Customer support is available in multiple languages, depending on the region, making it accessible to users globally.
Ticket System: For more detailed assistance, users can submit a support ticket, which is handled by the customer service team.
Account Recovery: If you encounter issues with your account, Deepcoin offers account recovery support through its customer service channels.
Mobile App Support: Customer service is also accessible through the Deepcoin mobile app, providing users with support on the go.
Final Thoughts on Deepcoin
Deepcoin is a great exchange that helps out traders when it comes to lower transaction fees, security features like the two factor authentication, employs cold storage, and has a broad variety of cryptocurrencies.
They have also made the interface simple to use for both the beginners as well as the traders, their customer service is available day and night and there’s an option of staking as well.
However, the only two points where it falls flat are the limited options of withdrawal and deposit in fiat and the delay in customer service that some clients have to face.
All in all, Deepcoin is an ideal trading partner for anyone looking for a simple and cheap way to trade. But for anyone looking for options in fiat, Deepcoin isn’t the best choice.
