Deepcoin Offers 125x Leverage, 0.1% Spot Trading Fees
1min read Deepcoin, a centralized cryptocurrency exchange based in Singapore, was established in 2018. The platform offers a variety of trading features, including spot trading, derivatives, copy trading, and demo trading. Deepcoin supports over 150 cryptocurrency trading pairs and provides leverage of up to 125x for derivatives trading. The exchange charges a 0.10% commission for spot market trades and offers a user-friendly interface with instant order matching and a mobile app for both Android and iOS devices. However, it lacks major global operating licenses and does not offer crypto-staking services or fiat withdrawals.
One of the standout features of Deepcoin is its high leverage options, allowing traders to speculate on the price action of cryptocurrencies without holding the underlying assets. The platform offers two types of contracts: USDT perpetual contracts and inverse perpetual contracts. Additionally, Deepcoin provides a copy trading feature, enabling new traders to replicate the strategies of experienced traders. The demo trading feature allows users to practice futures trading with no real money at stake, providing a risk-free environment to learn and test strategies.
Deepcoin's fees vary depending on the type of trading and service used. The standard fee for spot trading is 0.1% for both makers and takers. For perpetual contract trading, the maker's fee is 0.04% and the taker's fee is 0.06%. These fees can be reduced with high trading volumes or VIP status. There is also a funding fee transferred from long to short positions every 8 hours. Deepcoin does not charge fees for depositing cryptocurrencies, and withdrawal fees are asset-specific, with only a variable network fee applied.
To use Deepcoin for trading cryptocurrencies and Bitcoin, users need to create an account and complete KYC verification, which is optional but recommended for full access. After depositing funds, users can start trading Bitcoin and altcoins through spot trading or derivatives trading. The platform provides various tools such as copy trading, demo trading, K-line quick orders, and flexible position settings to assist both beginners and active traders.
Deepcoin is a good exchange for those seeking advanced trading tools, high leverage, and fast performance. However, it may not be suitable for users looking for lower trading fees or those who require fiat withdrawals. The platform's lack of major global operating licenses may also raise concerns regarding oversight and compliance. Overall, Deepcoin offers a comprehensive trading experience with a range of features designed to cater to both novice and experienced traders.
