Decoin Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- 50% discount on fee DTEP holders, fixed fee when trading with leverage
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- 50% discount on fee DTEP holders, fixed fee when trading with leverage
Our Evaluation of Decoin
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Decoin is a high-risk cryptocurrency exchange with the TU Overall Score of 1.55 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Decoin clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Decoin ranks 193 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
Decoin is an exchange for buying various cryptocurrencies using credit cards, intended for spot transactions with digital assets and social trading. It also allows its clients to earn money through staking and referral programs.
Brief Look at Decoin
The Decoin exchange was launched in 2017. The platform is owned by DTEP TECHNOLOGIES LTD, registered in the Republic of Seychelles (company no. 222712). The Decoin website and mobile apps provide access to buying 21 cryptocurrencies using Visa and MasterCard debit/credit cards and over 90 fiat currencies. There are more than 60 cryptocurrency pairs available for trading on the web platform with TradingView charts. You can also connect to the copy trading service, earn money on staking, and use leverage. Decoin (DTEP) token, the native coin of the exchange, can be used to reduce trading fees by 50%.
- low trading fees for both makers and takers;
- ability to make any deposit in cryptocurrencies;
- leverage up to 1:5;
- the fee is reduced by half for transactions with DTEP coins;
- referral program with a high percentage of reward — 35% or 70% of connected traders' fees;
- a copy trading platform;
- staking is available.
- no live chat available on the website and in mobile apps, which doesn't allow you to contact a technical support operators in real time;
- some mail services are not supported, which may cause registration issues;
- leverage is not available for all assets.
TU Expert Advice
Financial expert and analyst at Traders Union
The Decoin crypto exchange is suitable for both novice traders and industry veterans, according to its founders, mostly thanks to a simple trading platform and access to advanced features . The latter include COCO (Cancel One Cancel Others) orders. They allow traders to place stop-limit and limit orders simultaneously. In the event of partial execution of a limit order, the stop-limit order is automatically updated. If a trader cancels one of the orders, the second is also canceled.
Decoin takes care of the safety of its clients’ funds, holding only 3% of cryptocurrencies in hot wallets. Moreover, these funds are secured by a third-party insurance company. The remaining 97% of assets are held in cold wallets. Decoin has supported copy trading and leveraged transactions since 2021, and in March 2022, the company launched its mobile apps, expanding its trading capabilities for its clients.
On Decoin, you can have a credit card issued for you, transfer cryptocurrencies to it, and then use them for your daily needs. The exchange converts digital funds into fiat money for a small fee. There are five types of credit cards available, with different features that depend on the amount of funds deposited. The minimum deposit to activate the card is $2,000. The Black card, which has the lowest exchange fee (0.01%), requires a $100,000 deposit.
Decoin Summary
| 💻 Trading platform: | TradingView-based platform (web version and mobile apps) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Debit/credit cards, cryptocurrency transactions |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | 1:5 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | 0.07%-0.15% for Maker, 0.08%-0.15% for Taker, and 1% for assets with leverage |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Limit, Stop Limit, Market |
| ⭐ Trading features: | 50% discount on fee DTEP holders, fixed fee when trading with leverage |
| 🎁 Contests and bonuses: | Regular contests with money payouts and gifts |
Decoin has no minimum deposit requirements, so you can deposit any number of crypto coins. Fiat money cannot be credited; it is converted into cryptocurrency automatically. The minimum amount available for conversion from cards is $50.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | $1.5 (for a $1,000 trade) | Yes |
The table below shows the average fees of three cryptocurrency exchanges, including Decoin. The assigned level shows how profitable it is to trade on each of them.
| Broker | Average commission | Level |
|---|---|---|
|
$1.5 | |
|
$20 | |
|
$0.1 |
Investment Options
Decoin is a cryptocurrency exchange where you can earn from active trading and passive investing. All the necessary tools are available in the trader's user account and on the trading platform. Decoin also pays referral fees, allowing exchange clients to earn extra money through the referrral program.
Staking and CopyTrade are programs for Decoin investors.
Clients of the exchangecan earn passive income for holding certain digital coins. A total of 6 cryptocurrencies are available, including Bitcoin, Ethereum, Tether, Cardano, Solana, and Decoin (DTEP). The following minimum locked amounts are available: 0.001 BTC, 0.025 ETH, 50 USDT, 20 ADA, 0.5 SOL, and 300 DTEP. The annual percentage yield (APY) depends on the token and the staking period: the longer the coins are held in the account, the higher the APY.
The APY for staking crypto for 30, 60, 90, and 120 days are as follows:
Bitcoin — 1%, 1,5%, 2%, 2,2%;
Ethereum — 4,5%, 5%, 5,5%, 6%;
Tether — 4%, 5%, 6%, 7%;
Decoin — 6.2%, regardless of the staking period.
CopyTrade is a service for copying transactions of other traders that is implemented in the trading platform. It includes a ranking of the best signal providers with data on the amount of profit received (for today and the entire period of the account's existence), the number of investors, and the amount of funds deposited by them. Also, the indicators used by each trader are shown in the profile. Investors pay suppliers up to 20% of their profits as a fee for copying.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Decoin referral program
The referral reward is 35% or 70% of the fee of invited traders. Each partner can invite an unlimited number of referrals.
The size of the referral bonus depends on the number of Decoin tokens in the partner's wallet. If a partner holds 1-4999 DTEP, the percentage is 35%, and with 5000 DTEP or more - 70%.
User Satisfaction