Clicky

Get VIP Trading Signals 1
8/10
Overall Rating
Deepcoin Review & Rating 2022

Deepcoin Review & Rating 2022

Visit Deepcoin

Read this Deepcoin review before opening your account. Is this a Scam or Reliable crypto exchange? Find out more with AtoZ Markets Deepcoin review of World markets.

Deepcoin is a spot trading and derivatives trading cryptocurrency exchange with a business philosophy of providing users with deep innovation and focus on long-term value.

The company's goal is to create an unrivaled cryptocurrency trading experience and provide unique trading features for efficient trading

Deepcoin was founded in November 2018 by experts in the blockchain industry and former executives of world famous Internet companies and financial institutions.

The site has more than 1 million registered users in almost 30 countries, and the total trading volume exceeds $1 trillion.

Deepcoin currently supports multiple fiat deposit options where you can directly buy BTC, ETH or USDT Tether and trade over 150 cryptocurrencies.

Deepcoin provides the following services: spot, USDT perpetual contracts, reverse perpetual contracts, DeFi finance management and more.

The platform provides round-the-clock multilingual customer support, providing timely and comprehensive assistance to users around the world.

With strong independent R&D and innovation capabilities, Deepcoin creates industry-leading and unique differentiated tools for your investment, enhancing your trading decisions.

Pros and cons

Pros:

  • KYC not required;
  • Simple user interface;
  • Convenient and intuitive exchange;
  • High trading volumes;
  • High degree of protection;
  • Mobile support;
  • Low fees;
  • 24/7 multilingual customer service.

Cons:

  • No option to deposit/withdraw Fiat!

Why you should choose Deepcoin?

Speed ​​Trade K-line

The ability to place, modify and add an order directly on the K-line chart (smart trading tools), which makes your trading on the exchange faster and more efficient.

Split and merge positions

The most flexible and powerful position mode, which not only supports full position/isolated position, combined position/split position and two-sided/one-sided position modes, but also supports any combination of different modes without smooth switching and reorganization when closing positions to meet risk control requirements and trading strategy in any scenario.

TP/SL functionality

Deepcoin provides a comprehensive take profit and stop loss feature, allowing you to set them at the time of order. It supports TP/SL operations with integer or segmented position. Merger positions also support an exclusive trailing stop feature that allows you to monitor your exit strategy as a risk control for market volatility.

Super Spot

The new Spot Assets feature has been exclusively launched to give you a better view of your direct cryptocurrency purchases and sales profits. Deepcoin now offers contract-like trading with TP/SL feature on spot trading!

First-class market depth

With high user traffic and an effective market maker incentive system, Deepcoin has been working hard to create remarkable market depth on a global scale!

Ultra-fast matching mechanism

An independently developed multi-core processor with ultra-high cache memory, binary communication protocol optimizations, and a high-performance memory-level database have created a new generation of matching engines that match trades at speeds up to 150,000 beats per second.

Excellent system performance

Deepcoin has a scalable and adaptive operation and maintenance architecture. With intelligent optimization of network transmission, essential operations can be completed within 10th fraction of a second and there is no delay or downtime in the market.

Reliable security system

Deepcoin offers a 3-tier wallet system to keep your assets safe 24/7. A cold wallet uses signature and other encryption technologies to create a layered security strategy. The warm wallet is equipped with an industrial-grade anti-hacker protection system. For the small hot wallet, Deepcoin has partnered with industry-leading companies to manage account security and responsiveness to user actions.

Team

The project team consists of two divisions:

Technical R&D team

Deepcoin is made up of R&D professionals from leading technology companies such as Google, Chicago Mercantile Exchange (CME), International Business Machines Corporation (IBM), Citigroup and others. Deepcoin employees have deep knowledge of the innovative nature of cryptocurrencies and a deep understanding of investors' needs for a diversified asset allocation.

Investment Research Risk Control Group

The Deepcoin team has been active in the digital currency industry for many years, with experience in large companies such as Morgan Stanley, Tencent, Google, Binance and others. They are dedicated to keeping up to date with industry news and technology updates in order to provide reliable investment tools and risk controls.

On the " Team " page , you can contact the directors of Deepcoin.

Overview

Products and Features
8/10
Trust/Reputation
8/10
Fees
9/10
Liquidity
8/10
Deposits and Withdrawals
8/10
Customer Support
8/10

Products and Features

8/10

The platform provides several trading functions: spot trading and derivatives trading. Let's take a look at each feature.

Spot trading

Deepcoin review - Spot Trading

To start trading, you need to move the mouse cursor over the "Spot Trading" section on the main page and select the trading pair you are interested in (let's consider the example of BTC-USDT):

The spot trading page looks like this:

  • Trading pair selection
  • Trading pair information
  • Chart of the selected trading pair (it can be customized!)
  • Order book
  • Forms for buying/selling a pair
  • Your assets
  • Information about the main currency
  • History of your trades/history of orders

Now let's take a closer look at the process of buying and selling cryptocurrency on the Deepcoin exchange.

How to buy/sell cryptocurrency on Deepcoin?

Buy crypto

To buy cryptocurrency, we need a "Buy" form.

  • Choose the type of order (Limit, Market, Conditional)
  • We set the price for 1 BTC in USDT
  • Or set the amount of BTC you need to buy
  • We select and do not select the “TP/SL” function, set these prices TP and SL
  • Click "Buy BTC"

Ready! You have created an order (deal), it remains to wait until someone executes it, that is, sells you Bitcoin at the set price.

Sell ​​crypto

To sell a cryptocurrency, you need to follow the same steps as when buying coins, that is, fill out the "Sell" table.

The only difference will be the price: it is more profitable to set a lower price for buying coins, and a higher one for selling.

After filling out the form column, click "Sell" - at the same time, an order for a deal is created.

Derivatives trading

A perpetual contract is an innovative derivative financial instrument based on a digital asset design between spot and futures contracts. Compared to traditional futures contracts, the perpetual contract features no delivery date and flexible investment terms.

USDT Perpetual Contracts: Based on the Reverse Perpetual Contract, all transactions use USDT as margin and all profit and loss calculations are performed by USDT.

Market mechanism

When trading perpetual contracts, traders need to understand the market mechanism of the perpetual market. Key parts:

1) Position mode: merge and split

  • Merge Mode: When opening a new merge position in the same direction and with the same trading pair, the new order will be merged with your current merge position once filled. This means that in the merge mode of each trading pair, you will have a maximum of two positions, one long and one short.
  • Split Mode: You can create multiple positions in the same direction or in different directions on the same trading pair. These positions exist independently of each other, which provides more flexibility in managing positions.

2) Mark Price: Determines the unrealized profit and loss, as well as the forced liquidation price. The mark price is used to increase the stability of the contract market and reduce unnecessary forced liquidation during abnormal market fluctuations.

3) Initial Margin: This is the minimum amount of margin required to open a position when trading with leverage. The leverage multipliers used by traders are inversely proportional to the initial margin required to hold positions. The higher the leverage, the lower the initial margin required.

Initial margin = contract face value * contract size * entry price/leverage

4) Maintenance Margin: Maintenance Margin is the minimum level of margin required to maintain a position.

5) Financing costs. Perpetual contracts use a funding cost mechanism to link the market price of perpetual contracts to spot prices. The funding cost is collected once every 8 hours and at 08:00, 16:00 and 24:00 (UTC) every day. Only when holding a position at this point does the user need to pay or collect the funding cost. If the position is closed before the cost collection time, no funding costs are required.

6) Contract face value: represents the value of one contract. The nominal value of one BTCUSDT contract is 0.001 BTC.

  • Order size: the number of contracts when buying/selling.
  • Trade Size: The volume of the order that has been fully placed.
  • Position: unsettled contract amount.

Margin Systems

Deepcoin uses two types of margin systems, namely the cross model and the isolated model.

  • Isolated Margin

The maximum loss on an isolated position is the initial margin and margin call (if any) used by the position. If the position is subject to forced liquidation, the holder will only lose the margin of the isolated position and the available account balance will not be added. Holders can manually add margin to enter an isolated position, reduce the actual leverage of the position, and optimize the liquidation price. After a position margin request, if the holder changes the leverage, the previous margin request will be reset to 0.

  • Cross Margin

The available balance of all accounts in a trading account can be fully closed by a cross position to avoid forced liquidation. The unrealized profit and loss of all contract positions in the full position mode are distributed among themselves, i.e. open profit increases the available account balance, and open loss decreases the available account balance.

The available balance can be used as margin for opening new positions and is also an upper limit for the taker. When the position is switched from the isolated position to the cross position, if there is a two-way position, it will be switched to the cross position at the same time.

When transferring a cross position to an isolated position, it can only be switched in case of a one-sided or unheld position, i.e. a cross position of a two-sided position cannot be transferred to an isolated position (to avoid forced liquidation when switching to an isolated position).

  • Bilateral position

When trading standard currency contracts, holders can hold both long and short double positions at the same time. Each contract combines all long positions and all short positions. When long and short two-way positions are held, the two-way positions must take appropriate initial margin according to the margin ladder.

To open a position under a Perpetual Contract, you must transfer assets to the appropriate Account.

The Deepcoin platform has an impressive and detailed Help Center detailing how to open USDT Perpetual Contract and Reverse Perpetual Contact positions.

Trust/Reputation

8/10

Is Deepcoin regulated? Deepcoin is registered in the Seychelles. Headquarters in Singapore. There are branches in Japan, Canada, South Africa and many other countries. Deepcoin has received three international compliance certifications that take the exchange's compliance work to the next level.

Currently, Deepcoin has 2 main global licenses: MSB USA and MSB Canada. In addition to the American MSB license issued by FinCEN and the Canadian MSB license from FINTRAC, a third official NFA license is from the NFA (National Futures Association, USA).

After obtaining these licenses, Deepcoin's international influence has expanded significantly.

Deepcoin now has over 1,000,000 users and 250+ KOLs worldwide. With 800+ affiliates, Deepcoin has partnered with over 120 media outlets. In addition, Deepcoin plans to enter more markets and make the service available to a wider range of users.

Fees

9/10

The trading fees at Deepcoin exchange are well below both of these industry averages. This exchange charges a trading fee every time you place an order. The standard trading fees for takers are 0.10% and for makers 0.09%. These fees are substantially below the global industry averages for centralized exchanges.

Liquidity

8/10

The Deepcoin cryptocurrency exchange recorded $ 3.12B in trading volume over the last 24 hours. BTC/USDT is currently the most active trading pair on Deepcoin, and saw $2.20B in trading volume in the last 24 hours.

Referral program

Deepcoin Exchange features a referral program whereby existing users can refer new users and then earn commission from the trading of the invited users. The referring user receives 45% of all trading commissions generated by the referred user. This means that if User A invites User B and User B starts trading on the platform, User A will receive 45% of User B's trading fees on an ongoing basis.

Deposits and Withdrawals

8/10

Deposit

To deposit funds to the exchange, you need to go to the "Deposit Funds" section.

  • A page will open where you need to select the currency to enter.
  • Select from the drop-down list the currency that we want to enter on the exchange
  • Select a chain, if necessary. For example, for USDT we chose ERC20
  • We copy the wallet address generated especially for you (or we read the QR code - it depends on which wallet you will be transferring from)
  • We insert this address into the column "Recipient's address" in the wallet (or resource) from which you will transfer funds
  • Click "Submit"
  • Wait for the arrival of funds on the exchange

The funds will be transferred to the Wallet Account, after which you can transfer funds to other accounts (Spot Account, Reverse Perpetual Contract Account, USDT Perpetual Contract Account, Commission Account, Bonus Account).

When registering, the exchange gives you $10 to a bonus account, which is valid for 5 days from the date of registration. Read the bonus conditions here.

Withdrawals

To withdraw funds from the Deepcoin exchange, in the "Assets" section, select the "Withdrawal" tab:

  • Fill out the form
  • Select the coin you want to withdraw from the exchange
  • Choosing a chain
  • Insert the address of the wallet to which the coins will be withdrawn
  • Enter the number of coins to withdraw
  • Getting to know the commission
  • Click "Withdrawals"

Customer Support

8/10

Deepcoin provides round-the-clock multilingual customer support, providing timely and comprehensive assistance to users around the world.  You can contact the support via email or via instant messaging in live chat through the dedicated portal. Both services are available 24 hours a day, 365 days a year.

There is also a complete FAQ section and a beginner's guide to start operating in the world of cryptocurrencies.

Conclusions

The Deepcoin trading platform makes it possible to use not only spot trading, but also perpetual contracts.

Deepcoin is an excellent exchange with a good system for protecting user assets (cold, warm and hot wallets), interesting trading tools (in particular, splitting and merging positions, TP (Take-Profit) / SL (Stop-Loss), K-Line Quick Trading and etc.).

AtoZ Markets advises the Deepcoin trading platform for experienced traders, but beginners who have developed their own trading strategy can also use the platform, however, they will not be able to fully appreciate its innovative features due to limited knowledge of the crypto area.

Register on Deepcoin now to take advantage of all its features today.

Reviewed By

Financial Market Analyst
View reviewer profile

Our exchange review methodology

Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. Vetted by multiple industry experts - including a financial research firm with more than 20 years of experience in broker ratings - Our Exchange Ratings and Reviews embody industry best practices for research design.

See how we conduct exchange reviews

Leave a Reply

Your email address will not be published.

Close