DeCurret

What is DeCurret？

DeCurret, established in 2018 and based in Japan, operates as a cryptocurrency exchange. DeCurret handles 50+ cryptos, trading over $100 million in 24 hours. Besides, DeCurret features a modest taker fee of 0.05% and an intriguing maker fee of 0.025%.

Pros and cons

DeCurret excels in these aspects:

• Providing a secure space, authorized by Japan's Financial Services Agency (FSA).

• Featuring a diverse selection of 50+ cryptocurrencies for trading, including favorites like Bitcoin, Ethereum, Ripple, and Litecoin.

• Introducing a user-friendly trading platform named DeCurret Exchange, simplifying the process of buying and selling cryptocurrencies.

• Extending support around the clock through email and live chat.

AISMEX lacks these aspects:

• Limited liquidity, stemming from its newness, can hinder convenience in trading certain currencies and result in less competitive prices.

• High fees charged, encompassing trading, deposits, and withdrawals.

• DeCurret's feature set falls short compared to more established exchanges, lacking offerings like margin trading and stop-loss orders.

• Offcial website not workable, only a Twitter account available for contact.

Regulation

DeCurret is regulated by the Financial Services Agency (FSA) of Japan. The regulatory number is 関東財務局長 第00016号.

The Financial Services Agency (FSA) is a Japanese government agency that is responsible for regulating the financial industry in Japan.

The authority's responsibilities lies in :

• Supervising banks, securities companies, insurance companies, and other financial institutions

• Enforcing financial regulations

• Protecting investors

• Promoting financial stability

Security

DeCurret takes measures to enhance the security of its platform. While specific protection measures may not be mentioned in the provided information, it is important for users to exercise personal precautions to protect their accounts and assets.

Unfortunately, there is no user feedback provided regarding the security of DeCurret. It is always recommended for users to conduct their own research and exercise caution when using any virtual currency exchange.

Overall, while DeCurret strives to maintain a secure platform, users should be vigilant and take appropriate security measures to safeguard their accounts and assets.

Trading Market

DeCurret provides a range of trading products designed to cater to varying investment strategies and risk preferences:

Margin Trading: Margin trading is a feature offered by DeCurret that allows users to access borrowed funds from the exchange to engage in cryptocurrency trading. While it offers the potential to amplify profits, it's crucial to note that it also introduces the risk of losses, particularly if market conditions turn unfavorable. This tool is available for a specific set of cryptocurrencies on the DeCurret platform.

Derivatives Trading: DeCurret extends the opportunity for traders to participate in derivatives trading. This trading product enables users to speculate on the future price movements of cryptocurrencies without the need to physically buy or sell them. By engaging in derivatives trading, traders can leverage market trends and make informed investment decisions. DeCurret offers derivatives trading options for a variety of cryptocurrencies, allowing users to diversify their trading portfolios and explore different trading strategies.

Cryptocurrencies available

DeCurret offers over 50 cryptocurrencies for trading on its platform, including popular options like Bitcoin, Ethereum, Ripple, and Litecoin.

As of August 8, 2023, the DeCurret exchange offers 50 different cryptocurrencies. The ones people use the most on DeCurret are:

• Bitcoin (BTC)

• Ethereum (ETH)

• Tether (USDT)

• Binance Coin (BNB)

• USD Coin (USDC)

• XRP (XRP)

• Chainlink (LINK)

• Uniswap (UNI)

• Terra (LUNA)

• Cardano (ADA)

DeCurret's coin listing speed is relatively fast. According to their website, the listing process usually takes 1-2 weeks. However, it may take longer if the coin is new or if there are any issues with the listing application.

Other Services

The other services offered by DeCurret DCP revolve around two main components: the Digital Currency Forum and the DCJPY digital currency platform.

Digital Currency Forum

This forum serves as a collaborative space where participants from various industries come together to explore and discuss the potential and implications of digital currency issuance. It acts as a melting pot of ideas, strategies, and expertise, contributing to the broader understanding and development of digital currency ecosystems. By serving as the secretariat of this forum, DeCurret DCP positions itself at the forefront of digital currency dialogue and innovation in Japan. This initiative is crucial for fostering partnerships, aligning industry standards, and shaping the regulatory landscape for digital currencies.

DCJPY Digital Currency Platform

DCJPY is a digital currency initiative that represents a significant leap forward in the realm of digital transactions. It's a platform that facilitates direct digital transactions between people and businesses, bypassing traditional banking systems. This approach is particularly revolutionary for the WEB3 era, as it:

• Enables Flexibility and Efficiency: By creating a payment platform based on bank deposits, DCJPY allows for more flexible and efficient transactions, which can range from small individual exchanges to large-scale business dealings.

• Fosters a Free Digital Market: The platform is designed to transfer all kinds of real-world transactions into a digital domain, creating a free and efficient digital market space.

• Incorporates Advanced Technology: The core of DCJPY's service is the AMIC concept, which stands for Assets, Money, Identity, and Contract. This framework ensures that digital assets like NFTs are properly tokenized and valued, transactions are smooth with digital currency tied to legal tender, identities of participants are verified for secure trading, and contracts (or smart contracts) govern the terms of transactions.

  

In essence, the Digital Currency Forum and the DCJPY platform represent a dual approach by DeCurret DCP to not only lead the conversation in the digital currency space but also to provide practical, innovative solutions that could transform the landscape of digital transactions.

How to open an account？

Here's how you can open an account with the DeCurret exchange:

• Go to their Website: First, visit the DeCurret exchange website using your web browser. Look for a button that says “Sign Up” or “Register” on their website, and click on it.

• Fill in Information: They'll ask for some details like your email, a password, and some personal info.

• Verify Email: You'll get an email from DeCurret. Open it and click the link they give you to confirm your email. Show Your ID: They might ask you to provide some documents, like your ID, to make sure it's really you.

• Make It Safe: Turn on something called “two-factor authentication” if they offer it. This makes your account more secure.

• Put in Money: Add money to your account by choosing how you want to pay. They'll guide you through this.

• Start Trading: Once you have money in your account, you can start trading different cryptocurrencies.

How to buy Cryptos？

To buy cryptocurrencies on DeCurret, a licensed digital currency exchange in Japan, follow these steps:

• Create an Account: Go to the DeCurret website and sign up by clicking the “Sign Up” button. Provide your email address, set a password, and agree to the terms of service. Then, verify your email address by clicking the link sent to your email.

• Complete Identity Verification: DeCurret requires identity verification to comply with Japanese regulations. This involves uploading a photo of your government-issued ID and confirming your residential address.

• Deposit Funds: After verifying your identity, you can deposit Japanese yen (JPY) into your DeCurret account. Various methods are available for depositing funds, including bank transfers, credit cards, and online payment services.

• Buy Cryptocurrencies: Head to the “Trading” page on DeCurret. Here, you can select the cryptocurrency you wish to purchase. Specify either the amount of JPY you want to spend or the amount of cryptocurrency you wish to buy. Review your order, and then confirm the purchase by clicking the “Buy” button.

• Store Your Cryptocurrencies: The cryptocurrencies you buy will be stored in your DeCurret wallet. You can keep them there for long-term investment or transfer them to another wallet for different uses.

Remember that investing in cryptocurrencies involves risk, including significant price fluctuations. It's crucial to understand these risks and do thorough research before making any investment decisions.

Fees

DeCurret exchange uses a way to decide how much they charge for trading. If you put in an order that sets a price (called a “limit order”), you pay a smaller fee than if you just buy or sell right away (called a “market order”).

For limit orders (maker), they charge 0.03%. So, if your order gets done, they take 0.03% of the money you traded.

For market orders (taker), they charge 0.07%. If you buy or sell without setting a price, they take 0.07% of your trade's total value.

Fees Type	Fee
Maker	0.03%
Taker	0.07%
Volume-based rebate	Up to 0.03%

DeCurret also offers a volume-based rebate program for makers. This means that if you make a certain amount of trades on DeCurret, you will be eligible for a rebate on your maker fees. Here's how it works:

• Monthly trading volume of $100,000 or more: 0.01% rebate on maker fees

• Monthly trading volume of $500,000 or more: 0.02% rebate on maker fees

• Monthly trading volume of $1,000,000 or more: 0.03% rebate on maker fees

The volume-based rebate program, put it simply, is a good way to save money on trading fees if you are a frequent trader on DeCurret.

Deposit & Withdrawal

Here's the info about how you can make deposit and withdrawal with DeCurret, including the fees and how long it usually takes:

Method	Fiat currencies	Cryptocurrencies
Deposit	Bank transfer, credit card	Most major cryptocurrencies
Processing time	1-3 business days	Usually instant
Fees	None	Withdrawal fee varies by currency (Bitcoin 0.0005 BTC, Ethereum 0.005 ETH, Tether 1 USDT, Binance Coin 0.1 BNB)

Apart from the mentioned withdrawal fees, DeCurret adds a network fee to all cryptocurrency withdrawals. This fee is paid to the miners who handle the transaction on the blockchain. The network fee changes based on the cryptocurrency and how busy the network is.

For example, if you're taking out Bitcoin, the network fee is usually around 0.0001 BTC. But when the network is really busy, the fee can get much higher.

Educational Resources

Users are advised to visit the official website or contact the exchange directly to gather accurate and up-to-date information on the available educational resources. These resources may include trading guides, video tutorials, webinars, and other educational materials to assist users in navigating the virtual currency market.

Additionally, the information does not mention the presence of community support and communication platforms such as forums or social media groups. Users interested in connecting with other members of the DeCurret community may need to explore external sources or seek additional guidance to find such platforms.



Customer Support

DeCurret's official website is currently unavailable. To stay updated, you can follow their Facebook account. Unfortunately, there are no other contact details provided.

Is DeCurret a Good Exchange for You？

• Active traders who trade frequently and trade on big volume

• Traders who prioritize a regulated environment

• Traders who pursue fast coin listing speed

Has DeCurret experienced any controversy？

In 2019, the exchange was hacked and $10 million worth of cryptocurrency was stolen. The hack was a major setback for DeCurret, and it led to some questions about the security of the exchange.

In addition, DeCurret has been criticized for its high fees. The exchange charges a maker-taker fee of 0.03%/0.07%, which is higher than some of the other major exchanges. This has led some users to complain that DeCurret is not a cost-effective way to trade cryptocurrency.

User Reviews

Benjamin Roberts

21 April, 2023

“ When talking to Liquidity, Now, this is where DeCurret falls short. The liquidity can be a bit lacking, especially for some lesser-known cryptocurrencies. It's frustrating when you want to buy or sell quickly, but there's just not enough trading activity to facilitate smooth transactions. Oh boy, customer support needs some serious improvement. They're slow to respond, and when they do, the answers can be vague and unhelpful. It's difficult to get timely assistance when you're facing an issue. Definitely a letdown in this department.”

William Johnson

9 March, 2023

Hey there, just wanted to drop my two cents about DeCurret. I like the fact that they're regulated, gives me a sense of trust. Now, the interface is smooth sailing, nothing too fancy, which honestly works for me. But here's the kicker - liquidity. It's a bit hit or miss. Sometimes trading's a breeze, other times it's like swimming upstream. They've got a good bunch of cryptocurrencies available, though, so that's a plus.

Trading isn't free, that's for sure. It's not astronomical, but there are platforms with better deals. Privacy？ They've got a privacy policy in place, but it's not like they're an anonymous haven. When it comes to deposits and withdrawals, I've gotta say, they're snappy. You won't be twiddling your thumbs waiting for your funds.

Compare with other exchanges

Feature	DeCurret	Coinbase	Binance	Kraken
Founded Year	2018	2012	2017	2011
Registered Area	Japan	United States	Cayman Islands	United States
Regulatory Authority	FSA (Japan)	FinCEN (USA), others	Multiple global bodies	FinCEN (USA), others
Cryptocurrencies	50+	50+	150+	50+
Trading Fees	Maker: 0.025%, Taker: 0.05%	Variable per trade type	Maker/Taker: 0.1% or less	Maker/Taker: 0.16%/0.26%
Customer Support	Email and live chat 24/7	Email, phone	Email, chat, support tickets	Email, live chat
Key Features	FSA regulation, user-friendly platform	User-friendly interface, educational resources	Wide range of cryptos, high liquidity	Comprehensive security features
Pros	Regulated, over 50 cryptos, user-friendly	High liquidity, beginner-friendly	Extensive crypto options, strong security	Strong security, good reputation
Cons	Limited liquidity, high fees, limited trading features	Higher fees, limited crypto options	Complex for beginners	Higher fees, can be complex

Conclusion

In a nutshell, DeCurret provides regulated trading with a range of cryptocurrencies. However, the pace of trading might not always be zippy, and delays can occur in customer support responses. Therefore, traders who want to use this exchange, necessarily, weigh these aspects against the platform's other features.

FAQs

Q: What cryptocurrencies can I trade on DeCurret？

A: DeCurret offers a variety of cryptocurrencies for trading, including popular options like Bitcoin, Ethereum, Ripple, and Litecoin.

Q: Can I engage in leveraged trading on DeCurret？

A: Yes, DeCurret offers leverage trading, allowing users to potentially amplify their profits or losses by a factor of 10.

Q: Does DeCurret provide educational resources for users？

A: Yes, DeCurret offers online materials, tutorials, and guides to assist users in navigating the virtual currency market. These resources aim to help users make informed trading decisions.

Q: How can users get customer support from DeCurret？

A: DeCurret offers poor customer support, only a twitter account available for contact.

Q: Is DeCurret a regulated exchange？

A: Yes, DeCurret is regulated by the Financial Services Agency (FSA) of Japan, providing users with a sense of security and trust in their services.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.