Overview
Deepcoin offers spot and derivatives trading with leverage up to 125x, over 100 listed tokens, and tools like copy trading and mobile access. Launched in 2018 and now based in Dubai, it presents itself as a feature-rich exchange with serious scale. But despite the volume and range, growing user complaints and patchy regulation raise questions about trust and transparency.
Liquid Derivatives and Spot Breadth
Deepcoin handles massive volumes: over $1.6 billion in 24-hour spot volume and multi-billion-dollar derivatives flow, supported by a large GLP-style liquidity pool. That depth delivers smooth execution and fast fills. Spot makers and takers pay around 0.1%, while derivatives trades sit near 0.04/0.06%. That’s competitive and attractive.
Advanced Tools and Flexible Entry
The platform packs features: TP/SL orders with up to 50 triggers, copy trading and a mobile-friendly redesign. Fiat gateways via Simplex or Banxa mean euro or USD deposits - but those routes require KYC. Core account use remains KYC-optional.
Security Framework and Regulatory Footprint
Deepcoin uses 2FA, a 3-tier wallet system with cold storage, regular security audits and encryption. It holds FinCEN and FINTRAC licenses, plus approval in Dubai. Still, no proof-of-reserves and a low CER score (CCC rating, 24%) indicate partial transparency and risk.
User Trust and Withdrawal Issues
Trustpilot feedback is harsh - 2.1/5 average. Over 70% negative reviews mention blocked withdrawals, demand for blockchain taxes, or frozen accounts. One user said:
“A scam trading platform… they will never let you pull any money out under many unique excuses including blockchain tax.”
BitDegree echoes this split: users praise features and no-KYC access, while support slowdowns and U.S. restrictions anger others.
Pros and Cons
- Pros:
- Huge derivatives and spot liquidity sets smooth execution
- Leverage up to 125x, full suite of TP/SL and copy-trade tools
- Fiat on-ramps and KYC-optional core usage
- Multiple licenses and secure wallet infrastructure
- Cons:
- Frequent withdrawal holds and forced fees reported by many
- Low transparency score and no public reserves audit
- Support complaints around withdrawal delays
- Partial access for U.S. users, causing confusion
Final Verdict - Powerful but Risky for Withdrawals
Deepcoin is undeniably feature-rich: deep liquidity, advanced tools, flexible leverage and global regulatory presence give it strong foundations. But widespread withdrawal issues and trust erosion from forced fees leave big doubts. If you’re trading actively and confident managing your funds, it can deliver. Just limit exposure and test withdrawals first. For larger or long-term holdings, fully regulated platforms with solid reserves may be safer.