Flipster Exchange Review 2024: Features, Fees, and Security Overview

In this article, I will talk about Flipster, a cryptocurrency exchange that is becoming popular for the right reasons.

One of the key features of Flipster is its easy-to-use interface, which makes it suitable for all customer levels.

These are features such as spot, futures, and margin trading.

The overarching goal of all of these features is to make it possible for people who have never traded cryptocurrency before, as well as seasoned investors, to trade comfortably. Let’s take a look at the differences that make Flipster different.

What is Flipster?

Flipster is one of the fastest-growing cryptocurrency trading platforms, offering both futures and spot trading.

Founded in 2021, Flipster has millions of users across 177 countries and approximately $20 billion in monthly trading volume.

Flipster was developed by a team of experienced traders who were dedicated to empowering the trading community.

Designed to unlock market potential and attract new users, the platform addresses traders’ needs for deep liquidity and cost efficiency.

Flipster offers spot trading with top markets alongside futures trading, eliminating trading fees and providing narrower bid-ask spreads.

These features ensure users can enter and exit positions seamlessly, maximizing trading potential and enhancing the overall experience in both crypto spot and derivatives markets.

The platform’s mission is to enable traders to achieve successful outcomes in a dynamic environment through lightning-fast execution while avoiding hidden fees and slippage commonly encountered on other platforms.

Flipster Exchange Overview

How to Sign Up on Flipster Exchange?

In order to sign up and create an account for Flipster Exchange, make sure to follow these steps precisely:

Install the Flipster App

Open either the Google Play Store if you are using an Android device or the Apple App Store if you are using an iOS device.

Type the words “Flipster” and install the application.

Open The App

Once you have installed the application, open it and press “Sign Up”.

Fill In Your Personal Information

Use a functioning email address to sign up for an account and assign yourself a strong password.

Make sure to accept the Terms and Conditions before moving forward.

Confirm Your Email

On your registered email, search for a message containing a verification link. Click on it to verify your email account.

KYC Verification

Move on to the section on KYC Verification.

Scan and upload the documents that are asked (…this can be any form of government-approved documents, a utility bill, and other documents)

Complete any of the succeeding instructions for facial identification or pictures.

Two-step authentication setup

Activate Two-Factor Authentication(2FA) to improve the protection of your account – this can be done through Google Authenticator or SMS.

Transfer Capital to the Account

After the verification of your account, transfer supported cryptocurrencies or fiat currency to start the trading process.

Fees

 Deposit Fees

Flipster does not charge any fees for the deposit of assets. You may, however, incur network fees when transferring funds from an external wallet to your Flipster wallet.

Withdrawal Fees

What Coins Are Supported on Flipster?

Over 290 perpetual futures listings can be traded with leverage, along with top cryptocurrencies, altcoins, and trending meme coins for spot trading, with regular new additions.

BTC (Bitcoin), ETH (Ethereum), BCH (Bitcoin Cash), EOS (EOS), ADA (Cardano), ETC (Ethereum Classic), DOT (Polkadot), ATOM (Cosmos), ALGO (Algorand), BAT (Basic Attention Token), BAND (Band Protocol), COMP (Compound), AAVE (Aave), DOGE (Dogecoin), AXS (Axie Infinity), AVAX (Avalanche), CRV (Curve DAO Token), EGLD (MultiversX), CHZ (Chiliz), APE (ApeCoin), APT (Aptos), CVX (Convex Finance), ETHW (Ethereum PoW), BNB (BNB), DYDX (dYdX), CRO (Cronos), CELO (Celo), ENS (Ethereum Name Service), CFX (Conflux), AGIX (SingularityNET), ARB (Arbitrum), BLUR (Blur), BORA (BORA), EDU (Open Campus), ENJ (Enjin Coin), ARPA (ARPA), CTSI (Cartesi), BAL (Balancer), COMBO (COMBO), ACH (Alchemy Pay), CKB (Nervos Network), ANKR (Ankr), ARKM (Arkham), FIL (Filecoin)

How Many Types of Trading Options Available

Flipster has the following trading options available in the arsenal:

Spot Trading

Buy and sell cryptocurrency at its current level with immediate settlement.

Futures Trading

Trade perpetual futures contracts with leverage enabling users to take long or short positions in the assets.

Margin Trading

Trade with funds borrowed will enhance the trading position, hence increasing the returns or losses.

Options Trading

Trade in crypto options contracts in order to hedge or speculate on the price changes.

Who Is The Owner Of Flipster?

As of now, Flipster has more than two hundred employees globally. CEO Yongjin Kim is in charge of leading the team.

He started Presto Labs after working at Jump Trading as an Algorithmic Trader for three years. He has been in control of Flipster since August 2022. Apart from that, he is also leading the team at Flipster.

The platform was able to partner with renowned companies such as Presto Labs, Sumsub, Tether, TON, Orderly Network, Over Protocol, BONK, Pudgy Penguins, Klaytn, and Jasmy.

Flipster Features

Lightning-fast listing

Gain first access to exclusive trading opportunities with the world’s no. 1 platform in offering lightning-fast perpetual futures listings on the hottest cryptocurrencies.

0%Trading Fee

Enjoy zero trading fees when you trade on Flipster for more rewards as you flip. Save and earn more regardless of whether you’re a flipper or HODLer.

High liquidity

Flipster has partnered with a professional designated market maker that provides our platform with unparalleled deep liquidity. Trade with ease at the best bid and offer prices.

Flipster Restricted Countries

Afghanistan, Albania, Barbados, Belarus, Burkina Faso, Cayman Island, Cameroon, China, Croatia, The Democratic Republic of Congo, Crimea and Sevastopol, Democratic People’s Republic of Korea, Gibraltar, Haiti, Islamic Republic of Iran, Jamaica, Jordan, Macao SAR, Mali, Mozambique, Myanmar, Palestinian Authority, Panama, Republic of South Africa, Russian Federation, Senegal, Seychelles, Singapore, South Sudan, Sudan, Syrian Arab Republic, Tanzania, Türkiye, Uganda, United Arab Emirates, United States, West Bank (Palestinian Territory), Yemen.

Is There a mobile application for Flipster?

Yes, there is an application for mobile devices – Flipster. The exchange app supports both Android and iOS mobile phones.

The mobile application would enable you to monitor the value of your assets in the exchange and transact in cryptocurrencies while on the move.

VIP Program

The VIP Program is designed for high-volume traders, offering perks such as trading rebates, access to exclusive VIP earn pools with daily rewards of up to 3,000 USDT, and enhanced APR on selected campaigns.

To qualify for VIP status, users must either achieve a 15-day trading volume of over 3,000,000 USDT or maintain an average daily wallet balance of 50,000 USDT or more.

Affiliate Program

The Affiliate Program offers substantial rewards, including trading commissions, bonuses for referee qualifications, and special perks. Affiliates also benefit from dedicated account managers, exclusive promotions, and opportunities to attend global networking events.

The Referral Program is open to all users, regardless of their audience size. Referrers can earn a 3% APR on their referees’ deposits and 0.003% trading commissions on their referees’ trades for the first 90 days after registration.

Is Flipster Safe?

Yes, it is safe to use Flipster as a user of this platform. It has secured its users’ accounts and funds by using 2FA, encryption protocols, and periodic security audits.

Moreover, Flipster implements measures for securing assets against industry risks – for instance, cold wallets are employed for secure storing of cryptocurrencies.

Focusing on user safety and transparency, Flipster is a good platform for trading and investing.

Is Flipster a centralized or decentralized exchange?

Flipster is a centralized cryptocurrency exchange. This means that Flipster manages users’ cryptocurrency deposits, and its systems handle the trades happening on the platform.

Centralized cryptocurrency exchanges are suitable for all types of users, ranging from beginners to professional traders.

Flipster Security

Flipster is ahead of the curve when it comes to security, implementing a variety of methods to safeguard user funds and data.

Legal Registrations

Meeting regulatory requirements is an absolute priority for Flipster. It’s registered as a VASP in Poland through its Virtual Currency Activities Register.

The site also implements strict AML and KYC policies aimed at preventing dirty money or fraudulent users from coming on board.

Client Protection

In order to add another layer of security to client accounts, Fipster makes sure sensitive tasks, such as withdrawals or changes to the accounts, are confirmed through email and two-step authentication.

Even if the credentials to an account are stolen, the risk of how much damage can be done is significantly reduced due to the email requirement on withdrawal requests.

Assets Backing

The company boasts a 1:1 ratio of proof of reserves and updates such information once a day.

This thereby ensures customers of full nonportability of their deposits and full coverage of every single one of their transactions by operational revenue.

Instant Complex Authorization

The application is designed to run a constant complex verification to protect users against rogue transactions while aiding with user navigation.

Additionally, transactions are subject to preemptive strikes as the application automatically flags any suspicious activity while also allowing employees the ability to review the matter further.

In case an account holder is adjudged as showing suspicious behavior, the aspects and actions taken by the user can be instantly controlled to ensure those actions do not add up.

Insurance fund

To avoid all the risks due to system breakdown or unforeseen events, Forex trading brokers have additional measures in place, such as the insurance fund, which pays for damages sustained.

This feature makes sure that users get indemnified for matters beyond the normal trading risk.

With these measures in place, the company is extremely safe and transparent, ensuring that all levels of users’ safety are maintained.

Flipster Customer Support

Flipster puts great emphasis on offering exceptional and prompt customer service in order to give users a seamless experience.

The support is available for clients across several channels, including a live chat option that is operational 24/7.

The platform also has a Help Center, which is particularly rich in words as it has F.A.Q and guides that explain the basic problems the users face.

For more direct solutions, users can also email or put in a support ticket, and then the support team tackles their problems as quickly as possible.

The company offers one of the best support and services any client could hope for, which ultimately ensures client satisfaction.

Flipster Exchange Alternatives

There are some popular alternatives to flipster exchange when it comes to trading in cryptocurrency:

Binance

Binance Supports Spot, Futures, Margin trading, and staking. Low fees and a broad range of available Cryptocurrencies have a low cost.

Bybit

Bybit Focuses on derivatives and futures trades with leverage. A simple platform and easy trading tools.

KuCoin

KuCoin Offers Spot, Margin, and Futures trading. Comes with bot trading, as well as notable rewards construct.

Gate.io

Gate.io provides multiple trading options like futures, margin, and spot. Handles trade of relatively unknown altcoins, as well as new financial structures.

Conclusion

Flipster is a unique cryptocurrency trading platform that offers the best features, high-level security, and VIP, referral, and affiliate program rewards.

Whether it is your first time trading or you are an experienced trader, Flipster provides options for spot, futures, and leveraged trading.

Protection of user assets and information has always been a top priority for us.

This is why they have implemented robust proof of reserves, enhanced encryption technology, and ongoing surveillance.

As a result of these features, along with the high-quality customer service and unique features, Flipster is an ideal environment for the professional trading and development of crypto assets.