Wondering which one is best among Deepcoin vs Binance?

If yes, below I have compared both exchanges at various key factors. So you can easily choose the best trading platform for your needs.

Both Deepcoin and Binance are two of the popular cryptocurrency derivatives platforms out there. The exchanges offer quite a lot of similar features, leverage, and different trading markets.

Hence, it can be a confusing choice to make and settle down with an exchange. But these below points would help you make the decision easily:

Deepcoin vs Binance: At A Glance Comparison

deepcoin

Deepcoin is one of the leading crypto futures exchanges out there. The exchange was established in 2018, and it allows leverage trading with perpetual and CFD contracts.

Apart from derivatives, Deepcoin also allows you to trade in the spot market and has many other features.

However, the exchange doesn’t offer its services in margin trading. Overall, the exchange has one of the lowest trading fees in the industry.

 

Binance

Binance Futures is a global cryptocurrency exchange platform that was founded in 2017. Since its launch, Binance has quickly become the favourite yet the largest crypto trading exchange by trading volume.

The exchange is high on trading features and allows you to trade in all sorts of markets, be it spot, margin or futures.

Plus, it also offers you access to quite a lot of other features, such as crypto loans, DeFi staking, Binance Leveraged Tokens, dual investments, and more.

Deepcoin vs Binance: Trading Markets, Products & Leverage Offered

Both Deepcoin and Binance are quite similar regarding trading markets and leverage. And here is how both exchanges compare:

Deepcoin

  • Spot Trading
  • USDT perpetual contracts (Leverage between 1x to 125x)
  • Inverse perpetual contracts (Leverage between 1x to 125x)

Binance

  • Spot Trading
  • Spot Margin Trading (Leverage between 5x to 10x)
  • Derivatives trading in USDT, USDC & Crypto (Leverage between 1x to 125x leverage)
  • Crypto Options
  • Binance Leveraged Tokens
  • P2P Trading

Verdict: Binance is a favourable option and the winner of this section because it offers you more market types. However, both exchanges have the same leverage.

Deepcoin vs Binance: Supported Cryptocurrencies

Going with an exchange with more supported tokens and trading pairs would be useful for investing in new and unique crypto coins. Plus, you can trade in different markets and bank on profits.

Deepcoin

Starting with Deepcoin, the exchange supports 200+ active trading pairs and crypto tokens. It has all the popular cryptocurrencies. Plus, you would also find some of the newer tokens.

Some of the available coins on Deepcoin are:

  • BTC
  • ETH
  • SHIB
  • SLP
  • SUSHI
  • SYN

Binance

Binance is the largest crypto exchange and is always a favourable choice for cryptocurrencies to get launched on the platform.

As a result, on the exchange, you would find 500+ crypto tokens and trading pairs across the spot and derivatives market.

Some of the available coins on Binance are:

  • BTC
  • ETH
  • DOGE
  • SOL
  • INJ
  • DYDX

Verdict: Binance wins the race, as the exchange supports numerous crypto tokens. Also, it is at the forefront when launching new crypto tokens.

Deepcoin vs Binance: Trading Fee & Deposit/Withdrawal Fee Compared

When choosing a crypto exchange, make sure to go with an exchange with the lowest fees. And both Binance and Deepcoin offer pretty competitive trading fees, and here is how both of them compare:

Deepcoin Spot Trading Fee

Deepcoin has a straightforward fee structure with no additional scope for getting discounts on trading fees. As it doesn’t follow any tiered fee structure. Instead, it charges a flat rate of:

  • Maker Fee: 0.1%
  • Taker Fee: 0.1%

Deepcoin Futures Trading Fee

The same goes for derivatives trading. There are no tiers, and it does not offer you any additional discounts on your trading fee. Instead, it charges you a flat trading fee of:

  • Maker Fee: 0.04%
  • Taker Fee: 0.2%

Deepcoin Deposit & Withdrawal Fees

The good thing about Deepcoin is that there are no fees for deposits and withdrawals.

But as you will be depositing and withdrawing crypto using another wallet or exchange – it will be subjected to a blockchain network fee. The fee varies from one currency to another, with blockchain and network conditions.

Also, the exchange doesn’t allow you to deposit fiat – so there is no need to worry about paying any transaction fees.

Binance Spot Trading Fee

binance Spot Market Trading Fee

Binance is a much better option in terms of trading fees. It follows a tiered fee structure with a maker-and-taker fee model.

On top of that, you can also avail 25% discount on your trading fees by paying the fee using BNB (Binance’s own crypto token). So the regular and discount fee stands at:

Regular Fee 25% Discounted Fee
Maker Fee 0.1000% 0.0750%
Taker Fee 0.1000% 0.0750%

Binance Futures Trading Fee

binance futures trading fee

For Binance futures trading, you get to see a similar tiered fee structure with a 10% additional discount on USDT futures contracts only.

USD-M Futures Fee Regular Fee 10% Discounted Fee
Maker Fee 0.0180% 0.0108%
Taker Fee 0.0360% 0.0270%
BUSD Futures Fee Regular Fee 10% Discounted Fee
Maker Fee 0.0120% 0.0108%
Taker Fee 0.0300% 0.0270%
Coin-M Futures Fee Regular Fee
Maker Fee 0.0100%
Taker Fee 0.0500%
Binance Options Trading Fee Regular Fee
Maker Fee 0.020%
Taker Fee 0.020%

Binance Deposit & Withdrawal Fees

Crypto deposits on Binance are absolutely free.

But for crypto withdrawals, there is a certain pay that varies from one crypto token to another and other factors.

Also, Binance does support fiat deposits and withdrawals.

And for fiat deposits/withdrawals, the fee depends on what payment option you are using. For certain options, there is no fee, but for some payment options, there is a fee.

But Binance also offers you P2P trading – so you can deposit and withdraw funds at zero cost.

Verdict: Binance has the lowest trading fees compared with Deepcoin. On top of that, it also offers you additional discounts on paying your trading fee using BNB.

Deepcoin vs Binance: Order Types

Deepcoin

  • Limit
  • Market Price
  • Conditional

Binance

  • Limit
  • Market
  • Stop Limit
  • Stop Market
  • Trailing Stop
  • Post Only
  • TWAP

Verdict: Binance once again wins the competition by offering an extended list of order types. However, using Deepcoin’s conditional order type, you can place advanced order types.

Deepcoin vs Binance: KYC Requirements & KYC Limits

Deepcoin

To start trading on Deepcoin, you don’t need to complete your identity verification or KYC.

With just basic email verification, you can deposit/withdraw funds and start trading on the exchange. Also, there are no different KYC levels like most exchanges.

Binance

On the other side, Binance made it mandatory to complete identity verification.

You cannot start trading on the exchange or deposit/withdraw funds. However, it does have different KYC levels with different deposit and withdrawal limits.

KYC Limits

Binance has three different KYC levels, these are:

  • Verified: A daily fiat Limit of 50K USD Daily.
  • Verified Plus: A daily fiat Limit of 2M USD Daily.
  • Verified Plus (2): Unlimited Fiat Transactions.

Verdict: Deepcoin is the winner because the exchange allows you to trade without needing to complete KYC.

Deepcoin vs Binance: Deposits & Withdrawal Options

Deepcoin

  • Method 1: The only way you can deposit and withdraw funds on Deepcoin is through crypto transfer.

Binance

  • Method 1: You can deposit or withdraw fiat using a payment option like Simplex or Banxa (Credit/Debit card & Bank Transfer supported).
  • Method 2: Use Peer To Peer Trading (P2P) for free deposits and withdrawals.
  • Method 3: You can deposit and withdraw funds on Binance through crypto transfer.

Verdict: As you can see, Binance is offering multiple options to deposit and withdraw funds. Hence, it is the winner.

Deepcoin vs Binance: Trading & Platform Experience Comparison

In terms of the overall trading experience, you would find a lot of similarities and similar features between Deepcoin and Binance. And here are the features that both exchanges have:

Deepcoin

deepcoin trading

  • Multiple technical charts, including TradingView
  • Trading pair details
  • Easy-to-use order form
  • Positions, open orders, order history & trading history
  • Market
  • Recent orders
  • User-friendly mobile app

Binance

start trading on binance futures

  • Multiple technical charts, including TradingView
  • Easy-to-use order form
  • Trading pair details
  • Order book
  • Recent trades
  • Positions, closed P&L, Current orders, order history, and trade history
  • Easy-to-use mobile app

Verdict: Both exchanges offer a similar trading experience with hardly any differences – hence it is a tie between the two.

Deepcoin vs Binance: Customer Support

Deepcoin

Reaching out to Deepcoin’s support is super easy. You can contact their support using their live chat window, which will connect you with a support agent right away.

Alternatively, it also offers you support via email. However, they do not offer support through its social media channels like Twitter.

Binance

Binance offers you help in a similar way. You can contact Binance support through its live chat, and it will instantly connect you with a support agent. Plus, Binance has a quicker response time.

You can also send them a support email or get help via Twitter by reaching out to Binance at @BinanceHelpDesk.

Verdict: As Binance’s support is much more convenient to reach out to, it is the winner for this part.

Deepcoin vs Binance: Security Features

Deepcoin

  • Two-factor Authentication
  • Anti-phishing code
  • Device Management
  • Login Management

Binance

  • Two-factor Authentication
  • Passkeys and biometrics
  • Real-time monitoring
  • Advanced-data encryption
  • One-stop withdrawal
  • Withdrawal whitelist
  • Anti-phishing code
  • Device management

Verdict: Binance is the winner by offering an extended list of security features compared to Deepcoin.

Is Deepcoin Safe & Legal To Use?

Deepcoin is a trusted platform for trading crypto derivatives. The exchange is widely popular and used and has several security features that help you protect your account.

It also uses cold storage and keeps a vast majority of funds in them to safeguard users’ funds. Also, Deepcoin doesn’t have any history of security breaches.

Is Binance Safe & Legal To Use?

Binance is the most trusted platform to trade crypto trusted and is used by millions of users worldwide. The exchange is registered in Malta and compiles with all the rules and regulations in its registered country.

Plus, the exchange also has implemented several security features to help you protect your account.

Also, it uses cold storage to protect your funds, and the exchange has never been hacked in the past till date.

Deepcoin vs Binance Conclusion: Why not use both?

It’s a tough choice to make between Deepcoin and Binance. However,  Binance is a much more favourable choice compared to Deecoin for various key reasons.

With Binance, you don’t just get cheap trading fees.

But it also allows you to trade in different markets and offers you lucrative leverage. Along with that, depositing and withdrawing funds on the exchange is super straightforward.

But Deepcoin cannot be ignored at all.

The exchange is a suitable option if you are looking for an anonymous crypto exchange. Plus, it also offers lucrative leverage.

But Deepcoin is only meant for perpetual swaps trading.

See how Deepcoin & Binance stacks up against the competition:

Nayan Roy
Latest posts by Nayan Roy (see all)