Dcoin Exchange

Dcoin Exchange Review

What is Dcoin Exchange?

Dcoin Exchange is a quite new cryptocurrency exchange from Switzerland. The Dcoin Exchange launched in May 2018 so has been around for a little more than three years today (8 September 2021).

Liquidity

In spite of being a fairly young exchange, Dcoin Exchange has had incredible trading volumes. On the date of last updating this review (2 December 2021), the trading volume was roughly USD 982.7 million. Needless to say, you don’t have to worry about liquidity if you trade at this platform.

Team

The team behind the Dcoin Exchange apparently, according to information on its website, consists of people from prominent tech companies such as Google, Baidu, 360 and “other world renowned IT companies”.

Dcoin Exchange Advantages

Dcoin Exchange promotes three advantages with its trading platform (other than a deep orderbook): security, efficiancy and intuitive and helpful user experience. Within the area of user experience, they also mention that they do have 24/7 customer support. The latter is extremely helpful, especially considering that this exchange – like many other exchanges – have traders that reside in different time zones.

Leveraged Trading

Dcoin Exchange offers leveraged trading on its trading platform. This means that you can receive a higher exposure towards a certain cryptocurrency’s price increase or decrease, without having the assets necessary. You do this by “leveraging” your trade, which in simple terms essentially means that you borrow from the exchange to bet more.

For instance, let’s say that you have 10,000 USD on your trading account and bet 100 USD on BTC going long (i.e., increasing in value). You do so with 100x leverage. If BTC then increases in value with 10%, if you had only bet 100 USD, you would have earned 10 USD. As you bet 100 USD with 100x leverage, you have instead earned an additional 1,000 USD (990 USD more than if you had not leveraged your deal). On the other hand, if BTC decreases in value with 10%, you have lost 1,000 USD (990 USD more than if you had not leveraged your deal). So, as you might imagine, the balance between risk and reward in leveraged deals is quite fine-tuned (there are no risk free profits).

US-investors

As many other exchanges, Dcoin Exchange does not accept US-investors on its platform. If you’re from the US and you’re looking for the trading platform that is just right for you, don’t worry. Use our Exchange Finder to find an appropriate exchange accepting US-investors.

Dcoin Exchange Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. This is the trading view at Dcoin Exchange:

Mobile Support

Dcoin Exchange is also available as an application in your phone. This can be helpful for any investors interested in trading when “on the go”. Research shows that a vast majority of all cryptocurrency trades are executed through desktops. But, if you’re a mobile-kind-of-person, the Dcoin application might make you happy! Trading platform is available through mobile use on both iPhones and Androids.

Dcoin Exchange Fees

Dcoin Exchange Trading fees

Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges charge what we call taker fees, from the takers, and what we call maker fees, from the makers. The takers are the people who “take” orders from the order book. This means that they remove order options from the order book and thereby remove liquidity. Makers are the ones who put the orders on the order book in the first place.

The main alternative to this is to simply charge “flat” fees. Flat fees mean that the exchange charges the taker and the maker the same fee. At this exchange, they don’t divide between takers and makers, but they charge flat fees: 0.20% of the order value.

0.20% is in line with the current industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead. Maybe Dcoin Exchange will follow that example as well, but for now the fees are sitting at 0.20% per trade.

Dcoin Exchange Withdrawal fees

Withdrawal fees are normally a fixed amount that varies from cryptocurrency to cryptocurrency. There are however also a number of exchanges that charges a certain percentage of the withdrawn amount as the withdrawal fee.

This exchange charges the customary fixed withdrawal fee. To be specific, Dcoin Exchange charges 0.0005 BTC when you withdraw BTC. This is in line with, or actually even slightly below, the global industry average BTC-withdrawal fee. The global industry average BTC-withdrawal fee is 0.00053 BTC per BTC-withdrawal according to this report.

All in all, Dcoin Exchange’s fees are in line with the industry averages.

Deposit Methods

This exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are restricted from trading here. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then – as a second step – deposit them here. Don’t worry though, you can find a so called “entry-level exchange” simply by using our Exchange Finder tool.