Deepcoin Review: 2023 In-depth Comparison

10 min readNov 10, 2023

There’s a massive load of information on investment platforms out there. In this review, we’ll pay precise attention to one credible crypto-assets platform — Deepcoin.

This review is an ultimate capture of the unique features that make the Deepcoin platform stand out.

Ready? Right. Let us jump right in.

Deepcoin is a centralized exchange (CEX) platform from Singapore.

Let the dark front-end appearance not intimidate you. Scratching below the surface, Deepcoin has excellent features. And it’s worth every hassle knowing the inner grains to help with your wealth management.

First, Deepcoin facilitates your purchase of crypto. For KYC (Know Your Customer) regulations, you are required to have a verified account.

Secondly, you can access your charts for analysis via the markets tab. And, of course, for your adjustment of various charting indicators.

Thirdly, are you a spot trading pro? Deepcoin allows you the opportunity to cash in on that.

Fourth is Derivative trading. Deepcoin offers both perpetual and inverse perpetual contracts.

And the last unique yet outstanding feature is the Copy-trading option. That favors you as a new investor to earn profits as you gather more exposure. Alternatively, you may provide capital and trust others, preferably pro traders, to profit from a sharing scheme.

Deepcoin Platform — in Summary

Deepcoin is a go-to exchange with a convincingly global appeal. The capitation is equally good over and above the security features for locking investor accounts.

They also have good daily trading volumes — meaning access to a significant level of liquidity.

Coinmarketcap shows that Deepcoin has made significant efforts to meet many registration requirements with key global financial regulators. The compliance cascades from the Asian markets, the Seychelles, the United States, and Canada.

The Deepcoin platform stems from the expertise of the Founding CEO — Eagle Huang, with over a decade of experience in wealth management.

First, Deepcoin facilitates your purchase of crypto. For KYC (Know Your Customer) regulations, you are required to have a verified account.

Secondly, you can access your charts via the markets tab — for your analysis and position management.

Thirdly, are you a spot trading pro? Deepcoin allows you the opportunity to cash in on that.

Fourth is Derivative trading. Deepcoin offers both perpetual and inverse perpetual contracts.

Why Deepcoin Appeals?

Reasonably Low Transaction Fees

Users get to benefit from a high-value platform. Yet the fees are very reasonable.

High-Standard Platform Security

Platform users can access a quick mobile application download from the portal. The QR code ensures that users are protected from malware, a rising security loophole for app downloads from third-party outlets.

User-Friendly Interface

Black screen user interfaces are a great deal. And Deepcoin holds on to that constant. It points to enabling many users to interact easily with the features on the web page.

Each time a user hovers over an option, the cover changes to light brown. Overall, the color selection helps users with color-blind disabilities by minimizing color schemes.

Great Customer Support

Deepcoin supports platform investors via several channels.

First, in the knowledge base — for common queries via this link. Users can access in-depth pages on platform fees and trading rules.

Plus, Deepcoin welcomes feedback via a simple Google form.

You can do overall ratings of the app — from poor to excellent on a scale of five.
How visually appealing is the app?
A rating on the difficulty of making trades on the Deepcoin app.
Looking for affiliate partnership opportunities? There’s an option via the form.

In-person help is accessible via chat support. There is a dedicated icon on the bottom suitable.

Can always access dedicated support via platform chat.

Pros and Cons of the Deepcoin Exchange

Pros

High platform security standards with two-factor authentication and QR code verification for downloads
Offers a vast variety of digital assets to explore
Accessible in multiple languages with corresponding designated local currencies
Access to spot and leverage trading (up to X125)
Non-mandatory KYC features (Know Your Customer features)

Cons

Limitation of access to some nationalities, like in the United States
Not all payment methods are accepted

As of writing, Deepcoin lists over 100 assets for spot trading via the Coinmarketcap database. Plus, a list of over 50 perpetual contracts.

And details from Coinmarketcap indicate that Deepcoin controls assets totaling $ 270 Billion. The trading volumes on a 24-hour cycle score slightly above the $300 Billion mark.

Trading on the Deepcoin web is easy via the straightforward interface. It is ideal for starting investors.

Experienced traders can also explore and trade with the Deepcoin exchange mobile application.

One unique feature of Deepcoin is the inverse perpetual contract. Traders must take note to ensure that they lock capital for the perpetual trading type by enabling and confirming the same.

Finally, traders must switch from the account from contract to wallet. Plus, make deposits by transferring Bitcoin into the wallet account before opening a position concerning whether prices will go long or short in the future.

Usability Notes on the Deepcoin Web Interface

The default layout is pretty straightforward to use. However, this may also depend on the preferences of individual users.

The interface is adjustable. Other than the distraction-free full screen, timeframes, and indicators are upon users to make best choices.

Traders with reasonable expertise may prefer the full-screen mode — with fewer distractions from the visibility of price action and charts.

Other flexibilities involve the display of several charts on a screen concurrently for easier monitoring of price action.

Deepcoin web Chart background tweaking option from black to white

Spot trading

Spot Trading on Deepcoin conforms to most trading platforms. Traders can use the floating order icon or the normal one

Trading Perpetual Futures Contracts on the Deepcoin network

Can You Trade Options on Deepcoin?

There are no options trading on the Deepcoin exchange at the moment of going to press. Also, there are unique order tweaks to enhance the trading experience.

Here are more unique features:

Changing the unit currency of trading-either BTC to USDT or Margin to Cont.
There’s one-click trading
Memorizing order quantities
Closing all positions with a single click.

The set fees for spot trading apply as follows:

Makers fee @ 0.1%
Takers fees @ 0.1%

In addition, there’s a limitation on the lowest order units you can place. It varies from one crypto-asset to another, as in the following table.

Here is the formula applicable for the USDT Perpetual Pro Contracts:

For the year 2023, the Fee Rates are:

Takers @ 0.06%
Makers @ 0.04%
Fee for trading = Face Value of a Contract * Fee Rate for trading * Filling Price
Trading Order value = Face Value of Contract * size of a Contract * Filling Price

Deepcoin withdrawal fees vary from one asset to another. It takes around 2 hours for the processing of a withdrawal to clear.

There are limits applicable for withdrawal. Traders should confirm, especially for newly listed coins/assets. And it’s mandatory to complete a deposit first, before initiating any withdrawals.

The Deepcoin platform tech team encourages users to transact via updated browsers. Also, it is essential to keep tabs on any changes in the platform policies to enhance the security of funds.

Staking and Wallets

Checking through, there are no taking opportunities via the Deepcoin platform. This is a significant blow for pro-investors who may want to earn extra from providing liquidity to the platform.

However, there’s an option to maintain a wallet on the platform. That helps with holding several coins in a single place.

Copy Trading on Deepcoin Platform

The copy trading interface on Deepcoin is very easy. You select a pro-trader and copy the trades they open. There’s also a link to do live integration of accounts while making trades.

The system makes it easier by listing a pro-trader with a number of followers next to their names or system nicknames.

Deepcoin platforms have an easier way around with mobile devices. The mobile app is downloadable via the Google Play store.

Apple users access via the App store

Bonuses

There are Sign up Bonuses with Deepcoin.

First Demo traders who follow set rules are eligible for some partial profit withdrawals — they sign up for live accounts.

While the promotion center lists opportunities for partners. Some have limits for trading cap and time limits.

Consensus Mechanism Deployed by the Deepcoin Network

According to Mohamed and Leandros Deepcoin network is a hybrid of a blockchain-based framework for energy networks and a novel deep learning form of Machine learning. And each has several phases of implementation.

Customer Support

Deepcoin focuses on enabling users to acquire first-hand info on how to invest with the platform.

All common platform and account management tasks and procedures have up-to-date sections.

In case of any challenging situation, users are free to reach out to a chat support system dedicated to helping resolve issues. At the bottom right is the icon to initiate a chat session with support personnel.

Support staffs are on standby on a 24-hour and 7-day basis to assist with any platform issues.

Conclusion

Deepcoin is among the credible exchanges you’ll find online. You can tell by looking at the capitation, daily volumes of trading, and the number of assets accessible.

Besides the wide array of coins for your withdrawal option, Deepcoin has secure features for good asset security as a platform. It’s also very encouraging that they audit all contracts before authorizing withdrawals — via phone call verification.

Frequently Asked Questions

Is Deepcoin legit?

Yes. Deepcoin is a legit platform. However, we encourage investors to keep consider all list factors before making investment commitments.

From a strategic point of view, they have very clear communication channels. Right from media and visibility to inquiries for token/coin listings.

What is Deepcoin exchange?

Deepcoin combines several qualities. One is great user-friendliness. Second, is the high level of security and professionalism as a brand with global appeal.

Does Deepcoin require KYC?

It’s a Yes and a No. Deepcoin is very unique. One, it’s a centralized exchange. Plus, it’s run by a company establishment making KYC requirements that are not mandatory