Deepcoin Review: It Gives You the Scoop on This Platform
Deepcoin is a crypto exchange platform that has a lot to offer to traders of all skill levels, so if crypto is your thing, you should give Deepcoin a look.
We analyzed their security, trading environment, and general trading conditions to bring you this Deepcoin review. It is the place where you have all the info you need, so let’s get started, shall we?
|Broker name||Reliable Broker Must Have|
|Legal name:||Deepcoin US Limited||Transparently displayed in the disclaimer or legal documents|
|Regulation:||Regulated (FinCEN, Canadian MSB)||Within your legal jurisdiction – local regulator|
|Registered in:||Singapore||Your country or the country whose license applies in your legal jurisdiction|
|Established:||2018||The older the domain – the higher the possibility the company is trustworthy|
|Website:||https://deepcoin.com/||Domain should be from local or international zones, no .xyz, etc.|
|Financial Authorities Warnings:||No||None|
|Contacts:||Email: [email protected]
|Phone, email, social media, web form|
|Is withdrawal possible:||Yes||Yes|
|Fees:||No fees||Transparent fees – list of spread and commissions|
|If Active on Social Media:||Facebook, YouTube, Telegram, LinkedIn, Twitter, Medium||Often present on social media|
|Investor Protection:||N/A||Compensation fund|
When it comes to regulation, crypto exchanges are in a different spot than your regular brokers. Most countries require these types of companies to follow some money-laundering and counter-terrorism financing laws. Deepcoin is no different.
They say they report to the FinCEN and the Canadian MSB, which are the two bodies that deal with the abovementioned fields of law. This way, you can know everything about Deepcoin is safe and you should not fear trading crypto on their platform.
Found on deepcoin.com, the Deepcoin exchange has a varied offer. Firstly, you can enjoy more spot and copy trading on their platform, with more than 80 cryptocurrencies at your disposal, including:
- Dogecoin, etc.
The platform you would be trading on is a proprietary one and you can download it on your PC. On the other hand, if you are more of an on-the-go trader, the Deepcoin apk is available on both the PlayStore and the AppStore.
One more bonus of Deepcoin is that during registration and Deepcoin login, you do not have to go through the KYC verification process. This step can be a hassle and many traders do not like it, so we were glad to see it missing from the requirements of this exchange.
And speaking of benefits, traders can enjoy the Deepcoin bonus plan. They call it a Deepcoin Trial Bonus and it is aimed at new traders that want to try crypto trading for the first time – sort of a demo account. You cannot withdraw the funds into another account but after some trading, you can withdraw a portion of the money.
Additionally, if you need to do some debugging, for some reason, there is a Deepcoin api mode, where you have access to their interface.
|Trading platforms:||Proprietary platform|
|Account types:||No account types|
|Financial Instruments On Offer:||80+ Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.)|
|Education or Extra tools:||Yes|
Is This Exchange Safe?
Yes, Deepcoin is safe. As mentioned, slightly different rules apply to exchanges compared to regular brokers, meaning they are not as strictly policed as brokers. Deepcoin is registered with FinCEN and the Canadian MSB, providing enough security in our eyes.
However, we would like to remind you that crypto trading is inherently risky and that no exchange, broker, or other company can protect you from it. Therefore, carefully consider if you can handle that risk before entering the crypto trading world.
Trader Reviews – Sharing Experiences
As a trustworthy exchange, you would expect to find many trader reviews and Deepcoin does not disappoint. There are only three of them on Trustpilot and the company has a 3-star rating on the user reviews platform.
However, the PlayStore has numerous reviews and the app itself has a 4.2-star rating, with the majority of reviews being five-star ones.
A happy customer had this to say about Deepcoin:
“The app’s UI is awesome, very easy to trade on, and has some very good features and I didn’t find any bugs or glitches. It works well! There are no issues with deposits or withdrawals. It’s so easy to use, which is why everyone needs to try it. Deepcoin is a very good exchange.”
Another satisfied client mentioned:
“If I had the power to give any amount of stars on PlayStore, I would have recommended more stars for this app, this trading app got me speechless like it was love at first sight, user-friendly, easy to navigate, nice interface and give users room to withdraw a minimum of $5 which is awesome. Please keep on the good work.”
How Does the Deepcoin Platform Reach Clients and Who Are They?
As a legit exchange, Deepcoin does not go around and contact traders directly. They have a strong social media presence and use it to market themselves on those platforms through ads.
Deepcoin clients come from all over the world, but mostly from the Asian markets. We have seen a lot of traders from the Arabian world, as well as India, Indonesia, etc.
Deposits and Withdrawal Methods
On the topic of Deepcoin fees, this exchange charges several. Firstly, you have a specific fee for every trade you place. Additionally, you pay a transaction fee after executing the order. There are also taker and maker fees, but none of this is actually high.
The latter two we mentioned are 0.06 and 0.04 percent respectively, which is not drastic. When you also take into account there is no Deepcoin price on opening an account, it makes this exchange very budget-friendly.
Reasons To Consider This Company
We could list many reasons you should at least consider Deepcoin. Firstly, they are a reliable platform with over 100,000 users and a great 4.2 rating. You can also find them in the FinCEN and the Canadian MSB, which is always a plus. They are not like BN93 and Bittradehouse which will undeniably steal your money.
Moreover, you can buy, trade, and sell over 80 cryptocurrencies and their platform is very user-friendly. That, combined with the trial bonus makes Deepcoin a great choice, especially for beginner traders.
Our Safe Trading Experts’ Opinion of Deepcoin
In our Deepcoin review, you could see how good this exchange platform can be and what versatility you can expect from it. They are very reliable and you will not regret it should you choose to trade with them.
However, we are aware there is no one-size-fits-all situation in crypto and if Deepcoin is not right for you, that is perfectly fine. There are many other great exchange platforms, and we know where to find them. So contact us today, and let’s start you on your crypto adventure the right way!
Is Deepcoin Safe?
Yes, Deepcoin is safe. They are registered with FinCEN and the Canadian MSB, making them safe for business.
How do I get into Forex trading?
Firstly, you should become knowledgeable about the market. Learn what you can trade, how trading works, and how to do it safely. After that, you should find a reliable broker to partner with, and this is where we come in. Contact us, and we will provide you with a free consultation where we work together to find you the perfect broker for your needs.
How can you help me find a good broker?
The most important service we do for you is personalizing our recommendations. When you come to us, we consider everything – your needs, skill, budget, etc. and then form a list of what we think are the best brokers for you. And the best thing of all is that our consultations are completely free.