Deepcoin Review 2025

Our Verdict

🏛️ Deepcoin is a Singapore-based cryptocurrency exchange founded in 2018.

🌍 Accessible in 180+ countries, with support for 90+ fiat currencies via third-party payment providers.

🔄 Offers spot trading with industry-low fees.

⚖️ Provides futures trading with up to 125x leverage, backed by high daily trading volume and open interest.

🛂 Deepcoin is a non-KYC exchange, making it ideal for privacy-focused traders

Deepcoin Pros and Cons

Is Deepcoin Right for You?

When reviewing exchanges, we consider all types of traders, from casual to active. Our clear and thorough approach helps break down trading strategies and their requirements. By analyzing and ranking key factors, we assess how well each exchange meets the needs of different trader profiles.

Deepcoin doesn’t support DCA, leverage, social trading, or trading with bots, as it lacks these features. However, it may still suit other types of traders. Here’s our verdict:

Supported Countries and Regions

Deepcoin is one of the most widely accessible exchanges with over 180 supported regions, more than industry leaders Binance and Bybit. However, Deepcoin is unavailable in the following restricted regions:

• United States (including overseas territories)
• China
• Hong Kong
• Cuba
• Iran
• North Korea
• Crimea
• Sudan
• Malaysia
• Syria

However, as a non-KYC exchange, users from around the world can register and trade. If the website is unavailable due to geo-restrictions, using a VPN may allow you to access the platform.

Deepcoin Bonuses and Special Offers

Bonuses: Deepcoin features a Rewards Hub and an Activity Center designed to provide users with rewards and access to limited-time promotions. However, during testing, no active promotions were available. This contrasts with competitors like Binance, Bybit, and BingX, which frequently run promotions and reward campaigns to engage users.

Referral Program: Deepcoin currently lacks a referral program for regular users. The only way to earn commissions from referred users is by applying for the Deepcoin Affiliate Program, which is typically geared toward individuals with a substantial online following. This omission places Deepcoin at a disadvantage compared to most major exchanges, which commonly offer user-friendly referral programs accessible to all.

Affiliate Program: Join Deepcoin using our affiliate link and get up to 30% commission on trading fees.

Deepcoin Background

Establishment: Founded in 2018, Deepcoin was created by a team of senior blockchain industry practitioners and former executives. While the exchange lists Singapore as its headquarters on LinkedIn, specific founders or leadership members are not disclosed.

Leadership: Deepcoin’s CEO is Ego Huang, who is often mentioned as a founder, although the exchange has not officially confirmed this. Details about other leadership team members remain sparse.

The lack of transparency around leadership is a concern for users seeking accountability and trust in the platform. In comparison, leading exchanges like Binance openly share detailed information about their leadership structures, providing a higher level of assurance.

Security & Transparency

Proof of Reserves

Deepcoin publicly shares its reserves for BTC, ETH, USDT, USDC, stETH, WBTC, LINK, AAVE, WOO, YGG, PEPE, SHIB, DG, and NGTG$$ on CoinMarketCap, including associated wallet addresses. However, the exchange does not disclose the total amount of customer deposits, making it impossible to verify if reserves fully cover user assets.

This approach to Proof of Reserves is less transparent than leading exchanges like Binance and Bybit, which provide detailed information on the amount of user assets held against exchange reserves. Personally, I find it harder to trust exchanges that are not 100% transparent regarding their reserve ratio, as they could be at higher risk of insolvency.

Account Security

Account security is one area where Deepcoin falls short compared to its competitors. While the platform offers basic protections such as anti-phishing codes and two-factor authentication (2FA) via email, SMS, and Google Authenticator, it lacks more advanced features like biometric authentication and withdrawal whitelists.

During my testing, I set up anti-phishing codes and enabled 2FA using Google Authenticator and SMS/email. While these measures provided a basic level of security, my account felt less protected compared to platforms like Binance and Kraken, which offer biometric authentication on both mobile and desktop for enhanced security.

General Reliability

Deposit Insurance: Deepcoin does not provide any form of insurance for user assets. While this is standard for many exchanges, industry leaders like Binance, Bitget, and Blofin have introduced self-insurance or partnered with third-party insurers to protect user funds.

Bug Bounty Program: Deepcoin runs a bug bounty program through Hackenproof, offering rewards of up to $5,000 for reporting security vulnerabilities. This reward falls in line with the industry average and encourages users to help improve platform security.

Corporate Communication Structure and Transparency: Deepcoin could improve transparency regarding its leadership structure, a key area where competitors like Binance and Bybit excel by openly sharing information about their CEOs and executive teams.

The exchange maintains active communication through its various social media channels. Deepcoin has an active presence on Twitter, Telegram, LinkedIn, Medium, Facebook, Instagram, and YouTube

Verified Trust Scores

Deepcoin has received consistently average ratings from independent ranking platforms. Reviewers commonly cite issues such as poor implementation of Proof of Reserves, lack of biometric authentication, and the absence of ISO27001 certification. These shortcomings place Deepcoin well behind industry leaders like Binance, Bybit, and Coinbase, which consistently earn A-level ratings for their strong security and transparency standards.

Know Your Customer (KYC)

Deepcoin is one of the few remaining exchanges that does not enforce mandatory KYC. Users can deposit crypto and begin trading with just an email address; however, access to fiat services requires full KYC verification.

While this flexibility appeals to privacy-focused traders who prefer not to share personal information, it also increases the risk of regulatory scrutiny. The absence of mandatory KYC means the exchange cannot fully comply with Anti-Money Laundering (AML) regulations, a key issue that led to Binance’s $4 billion fine.

Is Deepcoin Safe to Trade With?

In summary, our findings indicate that Deepcoin has a low to moderate level of trust and security, based on the following factors:

• Lack of Reserve Ratio Transparency: While Deepcoin discloses its reserves, it is impossible to verify whether these are sufficient to cover user assets, raising concerns about solvency.
• Low Independent Ratings: Leading review platforms have flagged issues related to the platform’s security and transparency, particularly around Proof of Reserves and security practices.
• No Deposit Insurance: Deepcoin offers neither third-party nor internal insurance, leaving user funds unprotected in the case of unexpected events.
• No Biometric Authentication: The platform lacks support for Face ID or fingerprint scanning, which are now standard features that enhance both security and user experience.

Despite these concerns, Deepcoin has not experienced any security breaches or loss of customer funds to date. Additionally, the optional KYC process may appeal to privacy-conscious users, though this comes with the risk of potential sanctions due to non-compliance with AML regulations.

Trading Experience

Trading Test

For our trading test, we thoroughly evaluated the Deepcoin platform. Our process included signing up, completing the KYC (Know Your Customer) verification, logging in, depositing funds, and making withdrawals. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. Here’s our detailed analysis:

Step 1: Setting Up and Funding Your Account

Deepcoin lets you register with an email address, phone number, or third-party sign-in using Google, Apple, or MetaMask. The range of sign-in methods supported puts the exchange on par with leading exchanges like Binance and Bybit.

KYC is not mandatory on Deepcoin, but it’s required to access fiat services. There are three verification levels:

• Basic verification is instant and requires your full name, date of birth, and ID number.
• Advanced verification involves uploading an ID and a selfie, which was instantly approved during testing.

Crypto deposits are simple. I transferred Litecoin over the LTC network, and Deepcoin charged no deposit or wallet creation fees. The minimum deposit was 0.1 LTC, with 6 confirmations required for deposits and 12 for withdrawals. My deposit took over 20 minutes, compared to under 10 minutes on Binance, which only required 3 confirmations.

Step 2: Trading

Trading on Deepcoin is smooth and straightforward. The mobile app makes it easy to open and close positions using market or limit orders. I placed a limit sell order for LTC, which executed exactly at the trigger price and incurred a fee of 0.10 USDT.

Opening new positions is just as easy. I used a market order to buy LTC while setting stop-loss and take-profit orders. During testing, the market was up, and my take-profit order triggered on time and filled in full to lock in my gains. Overall, my trading experience was seamless and reliable, which is what you need, especially in volatile markets.

Step 3: Withdrawal and Review

Withdrawing LTC over the Litecoin network cost me 0.00565 LTC in network fees, which is over 5x more than Binance, who charge just 0.0001 for LTC withdrawals. However, the withdrawal was processed quickly, and the funds were sent to my Binance account in under 10 minutes.

Desktop Version

Deepcoin offers a user-friendly desktop platform that caters to both beginners and experienced traders. While it lacks a dedicated Lite Mode for new traders, its intuitive design ensures the platform is accessible for beginners. Advanced traders still benefit from features like TradingView integration, with its suite of technical indicators, order book data, and real-time trade information.

Trading Interface

Deepcoin’s desktop interface is visually and functionally similar to most other exchanges, making it easy for users to transition from other platforms. The layout remains consistent across spot and futures trading, and TradingView charting provides advanced technical indicators and drawing tools.

The interface centers around the price chart, with modules for order book data, live trades, and order forms on the side. These modules are customizable, allowing users to resize and reposition them to suit their preferences.

Unfortunately, during testing, I experienced a frustrating login issue. After entering my phone number and password correctly on the first attempt, I received an error stating I was “trying to log in too frequently.” The platform locked me out, and customer support offered no solution beyond advising me to wait a few hours and try again. This was an extremely disappointing experience and one I have never encountered with other exchanges.

Desktop Market Search

Switching between tokens and markets is straightforward. However, unlike many exchanges, Deepcoin’s market search lacks filters by categories like DeFi, RWA, or ecosystem-specific tokens (e.g., SOL), making it harder to discover new markets.

Trade Navigation

Deepcoin’s order forms are intuitive and straightforward to use, meaning beginners can get to grips with placing orders without too much effort. Despite being accessible for beginners, the order forms still allow for a high level of order customization.

Conditional Orders

Deepcoin supports standard order types like Limit, Stop Limit, and Post Only, as well as unique options like Chase Limit and Indicator-Based orders. Chase Limit orders automatically adjust the asking price to follow (“chase”) the best market price, while Indicator-Based orders trigger based on pre-set criteria tied to technical indicators.

Despite these unique features, the platform lacks common order types such as Trailing Stop, TWAP, and Iceberg orders, as well as Time-in-Force options like GTD, GTC, and FOK. This could limit flexibility for certain trading strategies and may deter advanced traders.

Derivatives Trading

Deepcoin’s derivatives offering is relatively limited, with just 76 markets available. However, the platform handles over $30 billion in daily trading volume with over $5 billion in open interest, placing it on par with competitors like Bybit, OKX, and Bitget. Currently, Deepcoin supports only USDT-M perpetual markets, with no USDC-M, COIN-M, or delivery markets available.

As someone who primarily trades futures, I found the high trading volume and open interest meant that my orders were always filled in full and executed instantly, regardless of order size. The platform was enjoyable to use, with order forms that supported my trading strategies. However, the only downside was the limited market selection, which restricted the range of assets I could trade.

Copy Trading

Deepcoin features an advanced copy trading platform that lets users copy every trade made by expert traders or copy specific strategies from its strategy marketplace. The platform provides detailed metrics on copy traders, such as 30D Profit, Win Rate, AUM, and Position History, helping users find traders that match their risk tolerance. However, Deepcoin does not support bot trading, meaning users cannot automate their trades unless they are experienced with API integrations.

I found Deepcoin’s copy trading platform to be on par with competing exchanges, offering profit splits as low as 0%. The detailed analytics were helpful, but I would like to see an option to group traders by risk tolerance, similar to BingX’s platform.

My Key Takeaways After Testing Deepcoin Desktop

Overall, my experience trading on Deepcoin’s desktop platform was smooth and reliable, with no major performance issues or bugs. Some standout positives included:

• Intuitive, easy-to-use interface for both beginners and experienced traders
• Unique conditional order types, such as Chase Price and Indicator-Based orders
• Advanced charting and trading tools
• Built-in copy trading platform

Despite its strengths, Deepcoin has a few notable drawbacks:

• Limited market selection
• No support for bot trading

Mobile App

Deepcoin offers a mobile app for iOS and Android, but it was restricted in my region (EU), even though the exchange supports it. This was inconvenient and forced me to use the PWA, a mobile-friendly web version that can be added to the home screen.

Coin Search: The PWA defaults to futures, so users must manually return to the homepage to search for spot tokens. This extra step makes it less user-friendly than apps with dedicated spot search.

Trading Features: Charts appear above the order form and order book. The PWA supports full TradingView charts, unlike most apps, but spot trading glitches during testing made the chart and order form unusable.

Market Discovery: The homepage shows trending tokens by categories like new, popular, or gainers. However, you can’t filter by market type (spot/futures), which limits its usefulness.

Watchlist Management: Unlike the desktop version, the mobile PWA doesn’t let you add or view favorite tokens easily. You must switch to the full site to access your watchlist.

Quick Trade Execution: The order forms are nearly identical to the desktop version, supporting all conditional orders. However, there’s no confirmation screen, which speeds up trading but increases the chance of mistakes.

Price Alerts: As a PWA, Deepcoin can’t send push notifications. This means no price or order alerts, which most mobile apps do support.

Portfolio Clarity: The portfolio page is clean and shows your total balance with a line chart. You can view assets by funding, spot, copy trading, and swap accounts, plus a full crypto breakdown.

My Key Takeaways After Testing Deepcoin on Mobile

The Deepcoin PWA offers global accessibility, allowing users to efficiently deposit, withdraw, and trade select markets. Its well-designed portfolio overview and quick order placement enhance its usability. However, several major drawbacks make the PWA less effective compared to platforms offering dedicated mobile apps:

• Glitches During Spot Trading
• No Price Alerts
• Limited Market Discovery

Fees

Deepcoin Spot Maker/Taker Fees

In our review of spot fees, we examine spot fees across three distinct tiers. Our focus is on the fees for different trading volumes. We spotlight the basics and the possible savings through native tokens and other discount schemes. We developed this method to ensure a clear look at the fee structures and savings avenues for traders of all experiences. Additionally, we compare these fees to industry standards to show how each exchange ranks in terms of affordability.

Deepcoin follows the industry standard Maker-Taker model for its trading fees. However, the exchange does not have a tiered pricing structure that rewards high-volume traders with lower fees, a feature seen on most competing exchanges like Binance and Bybit. Whilst spot trading fees may be extremely competitive for low-volume traders, high-volume traders may find cheaper fees elsewhere.

Deposit Fees

Deepcoin only allows fiat deposits through third-party providers like Banxa and Simplex, using its Buy Crypto service. Since there’s no P2P trading option, users must rely on third-party rates. On the plus side, Deepcoin doesn’t charge any fees for crypto deposits or wallet creation.

Withdrawal Fees

Fiat withdrawals on Deepcoin are also limited to third-party providers, which can be frustrating. In testing, Simplex didn’t offer USD withdrawal quotes, so I had to accept Banxa’s rate instead.

Leverage and Futures Trading Fees

Futures Fees

Deepcoin’s futures trading fees are fairly competitive, with taker fees on par with other leading exchanges, ensuring cost-effective trading for most users. However, at 0.04%, maker fees are slightly higher than those of competitors like Binance, Bitget, and Kraken, which charge 0.02%.

Unlike exchanges such as Binance, Bybit, and Bitget, Deepcoin does not offer tiered pricing. This means all users pay the same fees regardless of their trading volume, which could discourage high-volume traders seeking reduced costs.

Deepcoin Futures Trading Fee Structure

Are Deepcoin Fees Competitive?

Deepcoin offers spot trading fees that are among the lowest in the industry, making it an attractive choice for fee-conscious spot traders. While its futures trading fees are competitive, they are not the lowest available, and its futures funding fees are noticeably higher than those of industry leaders like Binance.

The exchange supports free crypto deposits, but fiat services are only available using third-party payment providers, which often results in higher transaction costs and less favorable exchange rates.

Available Cryptocurrencies

Deepcoin offers a limited range of tradable assets and features compared to top-tier exchanges, which may be a drawback for users seeking broader opportunities.

📉 Supports 150 spot tokens and 76 futures markets.

🔄 150 tokens across 188 trading pairs, fewer than Binance (390) and Bybit (665).

💧 Liquidity score of 634, comparable to major competitors.

🚫 No launchpad or launchpool, and Deepcoin does not offer Fiat-to-Crypto trading pairs.

Crypto Available on Deepcoin

Deposits & Withdrawals

Deepcoin Deposit Options

“Buy Crypto” Fiat On-Ramp Service: Deepcoin’s Buy Crypto service lets users purchase crypto using over 90 fiat currencies. Payment methods include credit/debit cards and Apple/Google Pay, with bank transfers available in select regions. However, as this service relies on third-party payment providers, the fees and exchange rates can be higher than exchanges like Bybit or Binance, which manage fiat transactions directly.

Deepcoin Withdrawal Methods

* During testing, Simplex only offered rates for deposits and was unavailable for withdrawals. Though this may vary by region.

Deepcoin’s withdrawal methods are also limited, as fiat withdrawals are only available through third-party payment providers. This typically results in higher fees and less favorable exchange rates compared to direct fiat withdrawals. Additionally, the extra steps involved in using third-party services make the process less convenient than on exchanges like Kraken or Binance.

In my opinion, transactions via third-party providers are generally smooth and support a wide range of fiat currencies. However, Deepcoin’s full reliance on these services makes fiat transactions less cost-effective.

For users who frequently deal with fiat, exchanges that offer direct fiat support, such as Kraken or Binance, may be a better fit.

Deepcoin Daily Withdrawal Limits

Daily withdrawal limits on Deepcoin depend on your KYC verification level and whether you’re withdrawing crypto or fiat. Fiat withdrawals through third-party providers are capped at $10,000 per day, which is significantly lower than industry leaders like Binance, where users can withdraw up to $2,000,000 daily.

Crypto withdrawal limits are also far more restrictive compared to Binance, which allows up to $96 million for top-tier verified accounts.

Customer Service

Deepcoin Customer Service Test

To evaluate the quality of customer services for diverse user needs, we created a unique trading test. We personally contact support using all available methods and present hypothetical problems that users might face. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. This method effectively measures the capability of customer support to assist both active traders and casual investors.

During my testing, I was immediately connected to a live chat support agent, bypassing the typical chatbot barrier. This was a refreshing experience compared to other platforms, where chatbots often redirect users to FAQ pages before connecting to a human agent.

Once connected to a support agent, I asked our standard questions on security, reliability, and platform info. The agent oddly asked why I was asking, and while some answers were provided, they lacked detail, and a few were left unanswered.

Overall, my experience with Deepcoin’s customer support was disappointing. While the direct connection to a live agent was a positive aspect, the vague and incomplete responses detracted from the experience. Additionally, the lack of email support means Deepcoin’s customer service falls significantly short compared to industry leaders like Binance and Kraken.

FAQ