Deepcoin Crypto Exchange Review: High Leverage, Anonymous Trading, and Hidden Costs
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5x - 125x leverage available on Deepcoin
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Risk Warning
At 125x leverage, a 0.8% price movement could liquidate your position. Deepcoin's maximum leverage is 125:1, but 125x leverage is extremely high risk.
Important: Liquidation occurs when your equity falls below the maintenance margin requirement. For Deepcoin, this happens when your account equity drops to 50% of your position value.
With 125x leverage, the liquidation price is only 0.8% away from current price. A small price movement could wipe out your entire position.
Deepcoin isn’t another crypto exchange trying to be everything to everyone. It’s built for one thing: derivatives trading - and it does it with aggressive leverage, zero KYC, and a no-nonsense interface. If you’re looking to go long on Bitcoin with 125x leverage or short Ethereum without handing over your ID, Deepcoin is one of the few platforms that lets you do it. But here’s the catch: speed and anonymity come at a price - and not just in trading fees.
What You Get: Derivatives Built for Pros
Deepcoin launched in 2018 and quickly carved out a niche by focusing on contract trading. Today, it handles over $13 billion in daily contract volume, making it the fifth-largest derivatives exchange globally. That’s not a fluke. It’s the result of a platform optimized for traders who want to move fast, bet big, and stay private.
The interface is clean. Charts load instantly. You can drag and drop take-profit and stop-loss orders directly onto the price chart - no clicking through menus. You can set up to 50 TP/SL orders per position across three different modes: Position TP/SL, Conditional TP/SL, and All Selected TP/SL. That’s more flexibility than most exchanges offer, even ones with bigger names.
It supports over 100 cryptocurrencies, including major ones like BTC, ETH, SOL, and DOGE, plus dozens of lesser-known altcoins. Spot trading is available, but it’s not the main attraction. The real power lies in perpetual futures, inverse contracts, and USDT-margined options with leverage up to 125:1. That’s higher than Bybit, Binance, and most competitors. For experienced traders, that’s a game-changer.
Anonymous Trading? Yes. But With Limits
Deepcoin doesn’t require KYC to trade crypto-to-crypto. You can deposit Bitcoin, withdraw Ethereum, and open a 50x leveraged position without ever showing a photo ID. That’s rare. Most exchanges, even offshore ones, now push KYC to comply with global AML standards. Deepcoin doesn’t. That’s why it’s popular in regions where privacy is valued over compliance.
But here’s the trade-off: you can’t deposit fiat directly. No bank transfers. No credit cards. No PayPal. To fund your account, you need to buy crypto elsewhere - say, on Coinbase or Kraken - then send it over. That adds steps. It adds cost. And if you’re new, it’s confusing.
Deepcoin does partner with Simplex and Banxa for fiat on-ramps, but only if you verify your identity. So if you want to buy $100 worth of USDT with your debit card, you’ll have to submit documents. If you don’t, you’re stuck using crypto-only deposits. That’s a clear line in the sand: privacy or convenience. You pick one.
Fees: High for Makers, Low for Takers?
Deepcoin charges 0.1% for both maker and taker fees. That’s not terrible for takers - the people who take liquidity off the order book. But for makers - the ones placing limit orders to add liquidity - it’s on the high side. Most top exchanges like Bybit and OKX offer maker fees as low as 0.02% or even negative (rebates). Deepcoin doesn’t. That means if you’re a frequent limit-order trader, you’ll pay more over time.
Some users claim Deepcoin has the lowest spot trading fees in the industry. That’s misleading. Spot fees are still 0.1%, which is average, not low. The confusion comes from comparing it to exchanges that charge 0.1% on derivatives but 0.2% on spot - Deepcoin charges the same across the board. So it’s consistent, not cheap.
There’s no native token. No DCP coin. No fee discounts. No staking rewards. You won’t get a break just for holding their token. That’s unusual. Even smaller exchanges like Gate.io and KuCoin have tokens that cut fees by 25% or more. Deepcoin doesn’t. You pay the same, no matter what.
Compared to the Competition
Let’s put Deepcoin next to Gate.io and Bybit - two major rivals.
| Feature | Deepcoin | Gate.io | Bybit |
|---|---|---|---|
| Max Leverage | 125:1 | 100:1 | 125:1 |
| Number of Coins | 100+ | 1,400+ | 200+ |
| KYC Required? | No (for crypto trading) | Yes (for fiat) | Yes (for fiat) |
| Maker Fee | 0.1% | 0.1% | 0.01% |
| Taker Fee | 0.1% | 0.1% | 0.05% |
| Fiat On-Ramp | Yes, only with KYC | Yes, with KYC | Yes, with KYC |
| Native Token | No | Yes (GT) | Yes (BYBIT) |
| Trust Score (CoinGecko) | 6.2 | 7.1 | 7.5 |
Deepcoin wins on leverage and anonymity. It loses on coin selection, fee structure, and trust. Gate.io has more coins and a better reputation. Bybit has lower fees and a stronger brand. Deepcoin’s edge? It’s the only one that lets you trade $100,000 worth of BTC with 125x leverage without giving your name.
Who Is This For? Who Should Avoid It?
Deepcoin is perfect if:
- You’re an experienced trader who understands leverage risk
- You value privacy and don’t want to submit ID documents
- You trade mostly in derivatives, not spot
- You’re comfortable moving crypto from another exchange to fund your account
You should avoid Deepcoin if:
- You’re new to crypto and don’t know how leverage works (125x can wipe you out in seconds)
- You want to buy crypto with a credit card and start trading immediately
- You’re a frequent limit-order trader - you’ll pay more than on Bybit or OKX
- You need customer support for complex issues (Deepcoin only offers live chat)
There’s no phone support. No email tickets. No help center with detailed guides. If you get stuck, you’re on a chat with someone who may or may not speak English. That’s fine if you know what you’re doing. It’s a disaster if you’re learning.
The Bottom Line
Deepcoin isn’t for beginners. It’s not for casual investors. It’s not even for people who want low fees or a wide selection of coins.
It’s for a very specific kind of trader: someone who wants maximum leverage, zero KYC, and a fast, no-frills platform to execute high-risk, high-reward trades. If that’s you, Deepcoin delivers. The interface is sharp. The execution is fast. The anonymity is real.
But if you’re looking for a safe, regulated, beginner-friendly exchange with low fees and lots of coins - look elsewhere. Binance, Kraken, or Coinbase are better fits.
Deepcoin is a tool. Not a playground. Use it right, and it can work for you. Use it wrong, and you’ll lose more than you gain.
Is Deepcoin safe to use?
Deepcoin operates without mandatory regulation, which means there’s no government oversight protecting your funds. It has never been hacked, but it also hasn’t undergone third-party audits like Binance or Kraken. Your assets are stored in hot and cold wallets, but there’s no insurance fund. Use it only with funds you’re willing to risk.
Can I deposit USD or EUR directly into Deepcoin?
No, not without KYC. Deepcoin doesn’t accept direct bank transfers or card payments unless you verify your identity. If you want to deposit fiat, you’ll need to go through Simplex or Banxa - and that means submitting ID. If you want to stay anonymous, you must fund your account with crypto from another exchange.
Does Deepcoin have a mobile app?
Yes. Deepcoin has official apps for iOS and Android. The interface mirrors the web platform, with full access to derivatives trading, charts, and TP/SL tools. Performance is smooth, and notifications for price alerts work reliably.
Why is Deepcoin’s leverage so high compared to other exchanges?
Deepcoin targets professional and high-risk traders, especially in Asia, where leverage trading is common. Unlike exchanges in the U.S. or EU, which are restricted by regulators from offering more than 10x or 20x leverage, Deepcoin operates under Singapore’s lighter regulatory framework. This allows them to offer up to 125x - but it also means higher risk for users.
Is Deepcoin better than Binance for derivatives?
For most users, no. Binance has lower fees, more coins, better customer support, and a more trusted brand. But if you need anonymity and don’t want to go through KYC, Deepcoin is the only viable alternative. Binance requires full identity verification for all users, even for crypto-only trading. Deepcoin doesn’t.
Does Deepcoin offer staking or earning interest?
No. Deepcoin doesn’t offer staking, savings accounts, or yield products. It’s focused purely on trading - spot and derivatives. If you want to earn interest on your crypto, you’ll need to use a different platform like Coinbase or Kraken.
How do I withdraw from Deepcoin?
Withdrawals are crypto-only. Go to the Wallet section, select the coin you want to withdraw, enter the destination address, and confirm. There are no withdrawal fees for most coins, but network fees (gas) apply. Processing time is usually under 10 minutes. Make sure the address supports the correct network - sending ETH to a BTC address will lose your funds.
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