The Flipster derivatives exchange stands out with its 0% trading fee and user-friendly interface design. How to use the Flipster exchange? Let’s learn more about Flipster in the article below.
What is Flipster Exchange?
Flipster is a cryptocurrency exchange specializing in derivatives, with a VASP license in Poland. In addition, the platform also offers several other features such as Earn, Reward Hub Launchpool, and a Referral program. Flipster’s standout feature is that it supports users trading with 0% fees.
Some basic information about Flipster derivatives exchange:
Name: Flipster
Services: Derivatives exchange
CEO: Yongjin Kim
Flipster’s Interface and Features
Before learning how to use the exchange in detail, users should familiarize themselves with the interface and features. Due to the similarity between the website interface and the mobile app, this article will provide detailed instructions on the mobile app.
The core features included in the app are:
- Trade: Allows derivatives trading of cryptocurrency pairs.
- Market: Users can refer to information about the market, fluctuations of various assets, top assets with high capitalization, etc. In the mobile app, this feature is directly integrated into the Trade interface.
- Challenges: Users can participate in airdrop programs or trading competitions to earn rewards.
- Earn: Users deposit assets to receive a profit rate of 20% APR. There are 2 ways to earn APR:
- Flipster Earn: Hold the USDT stablecoin to receive daily rewards without staking. Rewards are accrued daily, allowing users to withdraw their deposits and interest at any time.
- Launchpool: Flipster offers reward pools for various cryptocurrencies. Users who own coins can stake them to receive additional rewards from the pool. Pools are open for a fixed period and have different APRs; the earlier you stake, the higher the APR. Rewards will be divided according to the proportion of assets staked by the user. The highlight of Launchpool is that it allows depositing a variety of assets. In addition, when the account has a higher trading volume or becomes a VIP of the exchange, the rewards are accumulated with a multiplier of x2 to x4.
- Reward Hub: A feature that provides tasks for users to complete every day and earn rewards.
- Assets: Helps users manage their portfolio, balances, and current positions
In addition, users can also become VIPs of the exchange to enjoy many benefits such as higher APR profits, lower trading fees… Users need to satisfy one of the following two requirements:
- Total trading volume in 15 days ≥ 3,000,000 USDT
- Maintain an account balance ≥ 50,000 USDT
Join the Flipster VIP program to gain access to exclusive privileges, such as receiving rewards on the total trading volume of users, daily rewards in the VIP pool, higher APR profits for special events, and trading commissions for referring new users.
Other features at Flipster:
- Referral Program: Allows users to earn an additional 3% APR and trading commissions by inviting friends to join the exchange.
- Instant Flip: Allows users to instantly reverse their current position and open a new position in the opposite direction.
Highlights of Flipster Exchange
Diverse range of futures contracts: Flipster offers over 250 perpetual futures contracts with 100x leverage.
Zero trading fees: Helps traders minimize costs and optimize capital.
High liquidity and low spreads: Ensures a smooth trading experience and fast order execution.
Collaboration with multiple partners: Notable partners include The Open Network, Over Protocol, Scallop, and BONK.
Security and safety: Flipster strictly adheres to KYC and AML policies, along with security measures such as 2FA authentication.
Variety of support programs: Enhances the user experience and optimizes profits for users. Notably, the Earn Campaign program allows users to earn APR interest based on the amount of USDT in their wallets without the need for locking.
Low margin requirements: Users can open any trade with a minimum position of 1 USDT, while other exchanges require a minimum of 5-20 USDT. This increases accessibility and flexibility for users.
Guide to Registering a Flipster Account
Flipster currently supports users on both versions:
- Website
- Mobile app: Available on iOS and Android operating systems.
Flipster’s design prioritizes the mobile experience. In this article, Coin98 Insights will guide users on how to use the mobile app.
Before Registering
Users need to prepare the following information for a quick account registration process:
- Gmail address / Apple account
- National Identity Card / Driver’s License / Passport
Registering a Flipster Account
Steps to register a Flipster account:
Step 1: On the toolbar at the bottom of the home screen, select the Assets feature and choose the registration method.
Step 2: Enter the verification code sent to your account to complete the registration step.
Identity Verification (KYC) on Flipster
After successfully registering an account, users need to complete KYC verification in order to trade. Furthermore, successful KYC verification and daily check-ins on the platform allow users to earn rewards of up to 50 USDT.
The specific process is as follows:
Step 1 : Fill in the information requested by the platform, including: full name, date of birth, address, and country of residence.
Step 2 : Scan your Face ID.
Step 3 : Select the KYC method. In this article, we will use a National Identity Card (ID Card).
After completing the above steps, users need to wait a few minutes for the platform to verify the information. The result of KYC verification, whether successful or failed, will be notified through the registered account.
Activating 2-Step Verification (2FA)
Using any cryptocurrency exchange has potential security risks. Therefore, users should activate Two-Factor Authentication (2FA) to prevent unauthorized access and protect their assets.
The process is as follows:
Step 1: On the main interface, select the User icon in the top right corner of the screen.
Step 2: Scroll down to the Security area and set up security measures. The platform supports two methods:
- Use Google Authenticator.
- Set a PIN/biometric authentication (Face ID scan).
Users choose the method that suits their needs.
Guide to Depositing and Withdrawing Funds on Flipster
How to Deposit Funds on Flipster
To trade on the exchange, users need to deposit funds:
Step 1: On the toolbar, select the Assets feature.
Step 2: Select the Deposit crypto feature to deposit funds.
Step 3: Select the asset and network to receive funds. Copy the deposit wallet address on Flipster and complete the deposit steps.
How to Withdraw Funds from Flipster
Users can withdraw funds from the exchange by following this process:
Step 1: On the toolbar, select the Assets feature.
Step 2: Select the Withdraw feature to withdraw funds.
Step 3: Select the type of asset to withdraw, enter the amount, and complete the process.
Note: Users should carefully check the information before withdrawing money, such as the asset, network, and receiving address. Sending to the wrong address, entering the wrong wallet address, or selecting the wrong receiving network will cause users to lose their assets.
Guide to Trading on Flipster
Users can place trade orders on Flipster in two ways:
- Market Order: Matches with the market price on the order book.
- Trigger Order: Allows users to trade at their desired price. The order is filled when the asset price reaches the set price.
The trading steps are as follows:
Step 1: In the Trade feature, select the asset you want to long/short.
Step 2: Select the order type you want to place by clicking on the Trigger order or Market order icon.
Step 3: Adjust the leverage according to your needs.
Step 4: Complete the transaction by selecting Confirm your price.
Some Questions About Flipster Exchange
How many types of fees does Flipster Exchange have?
There are 3 types of fees on Flipster Exchange:
Trading fees Deposit fees Withdrawal fees Trading fees and deposit fees are free for users. For cryptocurrency withdrawal fees, the exchange will charge according to the type of asset being withdrawn.
Where to contact Flipster’s support team?
Currently, Flipster’s customer support will assist users with their issues in two ways: submitting a form or live chat.
Both of these methods support users 24/7. Or, if necessary, users can also visit Flipster’s Telegram Chat channel.
For Vietnamese users, they can join the Flipster Vietnam community.
