DEEPCOIN

Deepcoin Overview

Deepcoin is a virtual currency exchange company based in Seychelles. It was founded in November 2018. The platform allows users to trade 150+ cryptocurrencies including BTC, ETH and USDT Tether, as well as spot trading opportunities, mainly in derivatives, allowing users to focus more on leveraged trading (up to 125x) and derivatives trading.

Pros and Cons

Pros:

- The platform offers 150+ cryptocurrencies for trading, including popular options such as BTC, ETH, Tether USD and more. This allows users to have access to a wide variety of investment opportunities within the cryptocurrency market.

- The exchange offers multiple deposit and withdrawal options, including bank transfers, credit/debit card transactions, and cryptocurrency transfers. This flexibility in payment methods allows users to choose the most convenient option for their individual needs.

Cons:

- It has been verified that Deepcoin currently has no valid regulation, please be aware of the risk!

- Deepcoin is a centralized exchange, meaning that users must trust the exchange to hold and secure their funds. This can be a concern for users who prioritize decentralized platforms and self-custody of their cryptocurrencies.

- Customer support services, while available 24/7, vary in quality and response time. Some users experience delays or difficulties in receiving timely assistance or resolving their issues.

- Deepcoin's availability is subject to geographical restrictions. Deepcoin is currently available to investors in over 20 countries, including the United States, the United Kingdom, Australia, Singapore, and Canada. Users from other countries or regions may have limited access to the platform and its services.

Regulatory Compliance

As of August 2023, it has been verified that Deepcoin currently has no valid regulation, please be aware of the risk!

Without regulatory oversight, there may be a lack of transparency and accountability in the operations of the exchange. This can expose users to risks such as fraud, market manipulation, and inadequate security measures to protect their funds.

Is Deepcoin Safe？

The platform also provides security measures such as cold storage for assets and additional security features like Google Authentication .

Cryptocurrencies Available

Deepcoin offers 150+ cryptocurrencies for trading on its platform. This includes popular options such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), among others. Users have the opportunity to buy, sell, and trade these cryptocurrencies on the Deepcoin exchange.

Fees

The formula for USDT Perpetual Pro Contract:

2023 Fee Rate: taker 0.06%, maker 0.04%

Trading Fee = Contract Face Value * Trading Fee Rate * Filled PriceOrder value = Contract Face Value * Contract Size * Filled Price

In comparison to other exchanges, Deepcoin's trading fees are competitive and fall within the industry standards. However, it is essential for traders to compare the fee structures of different exchanges to determine which one aligns best with their trading needs and preferences.

Payment Methods

Deepcoin offers a diverse range of options to accommodate investors' preferences when it comes to depositing and withdrawing funds. Users are provided with flexibility through a selection of methods, allowing them to opt for either wallets or fiat gateways for their deposits. Should investors choose the fiat gateway route, Deepcoin presently facilitates seamless transactions using Visa and Mastercard, catering to both deposit and withdrawal needs.

Conversely, for those who possess digital assets, the platform extends the convenience of depositing or withdrawing cryptocurrencies through the wallet system on the website. Notably, these transactions exclusively occur via the Bitcoin mobile app when utilizing the fiat gateway.

Users keen on depositing cryptocurrencies through the website's crypto app can establish a Deepcoin wallet account, thereby gaining access to the platform's cryptocurrency wallets. These wallets are readily explorable via the official mobile support app, offering a secure avenue for investors to follow guided steps for protected and assured investments.

Compare to Other Cryptocurrency Exchanges

FAQs

Q: Is Deepcoin regulated？

A: No. It currently has no valid regulations.

Q: What are the trading fees on Deepcoin？

A: Taker 0.06%, maker 0.04%.

Q: Are there any fees for cryptocurrency deposits on Deepcoin？

A: Deepcoin does not charge any fees for cryptocurrency deposits. However, there may be network fees associated with specific cryptocurrencies, which are determined by the respective blockchain networks.

Q: Can US Citizens Use Deepcoin？

A: Yes. Deepcoin is currently available to investors in over 20 countries, including the United States, the United Kingdom, Australia, Singapore, and Canada.