Deepcoin is a cryptocurrency trading platform. It’s an intriguing trading platform with many options for its consumers! This guide will go over what is Deepcoin in detail and how you may get started utilizing the forum in general.
It’s worth noting that I have previously done a Deepcoin review, which you can see here. I won’t go into too many specifics and aspects of the exchange in this post. Instead, we’ll guide you through the process of signing up for the exchange and how to utilize all of its key features, including the Deepcoin trading interface, wallet, and more.
If you want to understand more about the platform, I recommend reading the previously stated evaluation and returning to this page. Don’t worry – I’ll still give you a short overview of the exchange.
What is Deepcoin?
So, while I suppose you’re already aware of the benefits, drawbacks, and features of the Deepcoin trading platform, let’s go through the essential elements accessible on the exchange and the seemingly simple question – what is Deepcoin?
Deepcoin is unusual in that it is a controlled exchange (backed by an established corporation) with no necessary KYC verification requirements. This implies that anybody may register on the site and begin trading cryptocurrencies instantly without proving their identity. Deepcoin also specializes in derivative trading. Essentially, the site offers users a variety of advanced tools for trading perpetual contracts. They are specific crypto contracts that draw their value from the underlying cryptocurrency.
As you learn more about what is Deepcoin, you will discover that the exchange also enables standard crypto trading. You will be able to exchange about 100 different assets, ranging from the most common coins to some of the rarest coins. There’s also a Deepcoin wallet where you may store your crypto assets, a Deepcoin mining pool where you can stake your DC coins, and various other tools and perks (i.e., outstanding trading fees). While it may be a lesser-known choice, Deepcoin appears to be a well-rounded exchange!
However, before you even register on the site, you must first build a trustworthy bitcoin wallet.
How to Get Started with Deepcoin
So, once you’ve determined what Deepcoin is, chosen that it’s the proper crypto exchange for you, and obtained a trustworthy cryptocurrency wallet, it’s time to begin exploring. The first thing you should do is sign up for the platform.
Step 1: Go to Deepcoin’s official website. A white “Register” button will appear in the top-right corner of the screen. Press the button.
Step 2: Choose your country of residency, input your email address, and establish a password. Do so.
Step 3: Finally, confirm your email address. Deepcoin will email you a code, which you must input on this page.
Step 4: That’s all there is to it – you’ve successfully registered on the exchange! If you sign up around the time this “What is Deepcoin?” lesson is published, you may be eligible for a 10 USDT incentive (additional terms and conditions will likely apply).
In my dedicated Deepcoin review, the exchange does not require customers to undergo KYC checks. This means, among other things, that your registration procedure will be rapid and straightforward! Deepcoin registration is simple and takes only a few minutes at most – the longest part is accessing your email to confirm it on the site! After making your account, you’ll go to the exchange’s site. From here, you may begin exploring the Deepcoin wallet, trading software, and all of the platform’s other features.
Before we get into the intricacies, knowing what is Deepcoin entails being aware of all of the capabilities accessible on the platform. So, let us investigate them.
Wallets / Deposits
The “Deposit” feature is at the very top-left of the website. This is self-explanatory – you will be able to deposit bitcoin assets into your account by transferring them to a specified Deepcoin wallet. You may choose from a long list of different cryptocurrencies and tokens to deposit and the network via which we will do that transaction. Make sure you pick this right, though, because they’re effectively lost if you transmit your assets to the wrong network.
You may also go through all of your wallet accounts from here. These are some examples:
- Wallet Account
- Account spotting
- Inverted perpetual accounting
- USDT permanent account
- Commission Account
- Bonus Account
Each of these accounts has data about your assets. Everything is obvious and essential, and you don’t have to go through twenty different menu screens to figure it out.
Markets are up next. This is where you can learn about all of the different assets and trade pairs available on the exchange. This is where you should begin, whether Deepcoin spot trading or perpetual inverse contracts.
As with your Deepcoin wallet area, you may explore a few other market alternatives here:
- Market overview
- Spot trading
- USDT perpetual
- Inverse perpetual
You’ll also be able to traverse the available markets through several categories, depending on the part you choose – metaverse, NFTs, platforms tokens, DeFi, PoW & PoS, etc. If you opt to study what is Deepcoin by exploring and sifting through all of the accessible marketplaces on this platform, you’ll have a far better idea of what to expect in the future. You will also be able to filter through all of the available coins and tokens, allowing you to select your favorites!
Trading View / Spot Trading
The next item we should look at is the spot markets. We’ll also be able to see the Deepcoin trading view due to this.
Spot trading refers to trading the tangible cryptocurrency assets that you choose – you will be able to get your selected assets into your Deepcoin wallet and then send them off to the previously mentioned external hardware device. While it is not the primary feature of Deepcoin (more on that later), it is unquestionably the favored means of trade for many crypto fans.
Deepcoin does feature a large number of Spot trading pairings to choose from. Whether you’re a crypto enthusiast trying to diversify your portfolio or a beginner looking at the “best” coins, you’ll find what you’re searching for.
We’ve previously covered all of this in the Deepcoin review, but to better understand what Deepcoin is, we need to look at the platform’s trading view. The Deepcoin spot trading interface is pretty standard in terms of these interfaces. There is your chart in the center, with several advanced-level tools available above it.
You will see all of the current deals, pricing, and your trading section on the right side of the screen. You may use this page to place a limit, market, or conditional order, establish a “stop-loss,” and discover more about your trading cryptocurrency.
These trading interfaces are never “easy” to begin with, but Deepcoin’s isn’t that horrible for a rookie. If this is your first time trading cryptocurrency, you may need a few seconds to figure out where everything is and how everything works. Still, Deepcoin does not overload consumers with unnecessary, sophisticated features and operations.
What is Deepcoin: Conclusion
Throughout this guide, we’ve discussed what Deepcoin is and the many unique features you can expect to find on this cryptocurrency trading site. Deepcoin is a fascinating exchange, providing its consumers with something increasingly rare these days – the option to trade crypto anonymously on a controlled network. This form of trading is often only available on DEXs.
It’s hardly a one-trick pony, either. Deepcoin offers several things to offer its clients, the most significant of which is arguably the complex derivatives trading capabilities! You may trade cryptos on the exchange in the “old-fashioned” manner, but perpetual and perpetual inverse contracts may be the best option for you if you don’t want to deal with crypto wallets and asset storage.
Starting up with Deepcoin is also really simple and uncomplicated. Registration is quick (if not instant), and the user interfaces are usually self-explanatory. You may choose to use all of Deepcoin’s sophisticated features (which are plenty), but the exchange won’t overwhelm you with options if you’re just getting started.
Overall, if you want to start trading cryptocurrency anonymously, Deepcoin is worth investigating. With up to 125x leverage and a plethora of advanced-level features, the exchange should appeal to traders.
Thank you for taking the time to read my “What is Deepcoin?” guide.