Traders are constantly on the lookout for platforms that can simplify the trading process, offer powerful tools, and promise secure transactions.
Meet Deepcoin, the Singapore-based cryptocurrency derivatives exchange that is redefining the trading experience with its groundbreaking features: Indicator Orders and Drawing Orders.
Introduction of Deepcoin
Founded in 2018 by a team of industry veterans and former executives from well-known companies, Deepcoin has quickly scaled to boast over 3 million registered users across 30 countries. To date, the exchange has facilitated a staggering cumulative trading volume exceeding US $1 trillion.
Deepcoin isn’t merely a trading platform; it’s a comprehensive financial ecosystem that supports global fiat currency deposits and allows for direct purchases of major cryptocurrencies.
Traders have access to a multitude of options, including spot trading, perpetual contracts, inverse perpetual contracts. Customer service is at the forefront of Deepcoin’s operations, evidenced by its 24/7 multilingual customer support.
Known for its relentless focus on innovation, security, efficiency, and long-term value for its users, Deepcoin aims to redefine the crypto trading experience. With features like Indicator Orders and Drawing Orders, Deepcoin sets the standard for what users should expect from a top-tier cryptocurrency exchange.
Indicator Orders: Charting a Path to Streamlined Trading
As the trading landscape evolves, traders are on the lookout for more effective, user-friendly, and dynamic tools. Recognizing this need, Deepcoin launched the Indicator Orders feature on July 20, 2023, making it easier than ever for traders to execute their strategies.
Navigating the Charts Like a Pro
The core of the Indicator Orders feature lies in its chart-centric approach. While many exchanges offer complicated order pages, Deepcoin allows traders to place orders directly on the chart interfaces using various indicators such as MA, EMA, RSI, and many more.
You can place orders right where the action is, increasing engagement with real-time market changes.
Precise Conditions for Every Trade
One of the standout features is the enhanced precision this tool brings. Indicator Orders come with features like spread mode, which provides an additional layer of accuracy.
Moreover, you can define flexible position settings that allow dynamic entry and exit strategies, giving you a degree of control and customizability that is unique in the industry.
Automation Made Easy
Traditionally, you’d have to constantly monitor the chart and execute a buy order manually. With Indicator Orders, you can automate this process, buying at the low point and selling when the price rebounds, without having to be glued to the screen.
User-Friendly Yet Powerful
Simplicity doesn’t have to come at the expense of functionality. Indicator Orders are free to use and support trading across major cryptocurrencies. Whether you are an experienced trader or just getting started, the feature is designed to be incredibly user-friendly without compromising on advanced trading capabilities.
Drawing Order: A Pioneering Leap in Interactive Trading
One of the latest additions to the Deepcoin trading platform is the groundbreaking Drawing Order feature, launched on August 15, 2023. While other exchanges offer static options and rigid interfaces, Deepcoin’s Drawing Order brings an interactive dimension to crypto trading like never before.
An Artist’s Canvas for Trading Strategy
Think of the Drawing Order feature as your canvas for financial creativity. Traders can draw elements such as segments, trend lines, or rays directly onto their charts. These hand-drawn elements then serve as triggering conditions for market orders, essentially transforming drawings into executable trades.
Visualizing Price Movements
Deepcoin’s Drawing Order isn’t just an aesthetic choice; it serves a functional purpose. By manually connecting high and low points on candlestick charts, traders can identify potential price reversals or significant movements in real time.
This elevates your trading strategy from being solely analytical to including a strong visual component, thereby improving your trading efficiency and decision-making process.
Simplified Experience
While being groundbreaking, the feature remains accessible for traders at all skill levels. Detailed operating instructions are provided, ensuring that even those new to crypto trading can make the most of this advanced tool.
The platform balances sophistication with simplicity, allowing you to delve as deeply as you want into your trading strategy.
Did You Know?
Futures Trading: The Next Frontier
One of the most compelling features that Deepcoin offers is its strong Futures trading, an area where the exchange truly excels and even ranks among the top 3 exchanges on CoinGecko for Derivatives. But what sets Deepcoin apart in the crowded Futures market?
Automated Efficiency with Futures Grid Trading
Deepcoin introduces a game-changing feature—Futures Grid Trading. This highly automated tool allows traders to buy and sell Futures contracts at preset prices, effectively automating the trading process. You can set your strategy, and the system will execute trades for you, leaving you free to monitor other aspects of your portfolio.
Leverage and Arbitrage
Deepcoin offers up to a staggering 125x leverage, opening the door for significant returns and leverage arbitrage opportunities. In this volatile market, even a 1% price fluctuation can lead to 100% profits under 100x leverage, amplifying the earning potential. However, keep in mind that using high leverage also comes with risks.
Customized Products and Advanced Tools
Tailored to suit the unique needs of derivatives traders, Deepcoin offers many customized products and advanced trading tools. From extensive Take Profit/Stop Loss features to real-time data visualization, traders can customize their strategies to maximize profitability and manage risks effectively.
Guided by Vision and Expertise
Deepcoin’s strategic focus is laser-sharp: to provide innovative, professional, secure, first-class services specifically in the field of cryptocurrency derivatives trading. The exchange is dedicated to innovation and user-centric solutions, continuously deploying features that empower its users to trade more efficiently and effectively.
This drive towards perfection isn’t accidental but rather guided by the vision of its experienced CEO, Ego Huang.
Ego Huang is a veteran in the digital landscape, as he has over a decade of experience that spans multiple sectors. Before Deepcoin, he served as the head of a wealth management company that managed more than US$7 billion in assets.
This impressive track record gives him unique insights into what traders need and want, insights that he has applied to make Deepcoin one of the most innovative platforms in the cryptocurrency market.
In Conclusion
Deepcoin isn’t just another crypto exchange; it’s a full-fledged trading ecosystem that takes user experience and empowerment to new heights. With features like Indicator Orders and Drawing Orders, Deepcoin is setting a new standard for what traders should expect from a cryptocurrency derivatives exchange.
Links:
Disclaimer
In compliance with the Trust Project guidelines, this guest expert article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
