Deepcoin.com Unapproved

Deepcoin.com operates as a Seychelles-based cryptocurrency exchange, offering trading in over 150 assets with features like perpetual contracts, CFDs, and low fees (0.04% maker, 0.06% taker). It claims to serve users in 20+ countries, including the US and UK, with no deposit fees but network charges for withdrawals. However, it faces significant red flags. WikiBit rates it at a low score due to no valid regulation, despite a suspicious Seychelles license, and four unresolved complaints in the past three months. Scam Detector gives it a medium 60.8/100 trust score, citing proximity to suspicious sites (13/100) and user reports of issues. The platform lacks top-tier oversight from bodies like the FCA or SEC, and its 2-5 year operation raises doubts about stability. Adverse reports focus on user experiences. Trustpilot's 2.1/5 from 11 reviews details repeated withdrawal blocks, with 2025 complaints like "never allow withdrawal" using excuses such as "blockchain tax" (denied by blockchain networks) or high fees (e.g., 2M SHIB for a 5M transfer). Users report deposited assets like SHIB becoming untradeable, pending withdrawals lasting weeks, and no customer support response. A 2025 Scam Detector comment describes profits shown but blocked payouts, with attempts to hack linked wallets. Reddit's r/Scams (2024) links it to pig butchering schemes, where fake apps simulate gains before freezing funds. No major regulatory actions yet, but patterns match unregulated exchanges like those flagged by the RBI. These issues indicate a platform that accepts deposits but hinders exits.

The Censorship Approach: No Responses and Low Visibility

Deepcoin.com handles negative feedback by ignoring it. The site has no review section or public forum, routing support to an email that users say goes unanswered, as seen in Trustpilot complaints from 2024-2025. It has not replied to any negative Trustpilot reviews, letting issues like withdrawal blocks sit without comment. Social media activity is minimal, with no X engagement on scam queries, reducing user discussions. Search results show few independent reviews, likely due to low online presence. This setup keeps complaints isolated and out of sight for new users.

Why They Hide It: To Maintain User Inflows

Deepcoin.com relies on new deposits to grow, with promises of low fees and high-volume trading drawing in users. Addressing complaints publicly could lead to more reports and drive away potential clients, especially in a competitive crypto market. Without strong regulation, the platform avoids scrutiny by staying silent, focusing on promotions over accountability. This approach supports short-term gains while unresolved issues build in the background.

Conclusion: Avoid Deposits Here

Deepcoin.com shows clear risks, from no regulation to blocked withdrawals and poor support. Traders, do not use this platform—opt for licensed exchanges to protect your assets. Regulators like the FCA and SEC should review its operations for fraud signs. Crypto trading needs fair access to funds, not barriers—time to investigate and act.