Flipster Review 2024

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Revisor

Last update: 12 months ago

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Flipster has rapidly established itself as a leading platform in the cryptocurrency exchange space, particularly due to its robust focus on altcoin liquidity and crypto derivatives trading. Launched in 2021, Flipster is known for offering some of the best liquidity for altcoins, which is a significant draw for both seasoned traders and those looking to invest in less mainstream tokens. This high liquidity ensures low slippage and efficient trading, even for more volatile assets, a feature that sets it apart from many competitors.

Additionally, Flipster’s platform is recognized for being user-friendly, making it accessible to both beginners and professional traders alike.

In its other interesting tools, such as the Flipster Earn Pool, which allows users to earn USDT during inactive trading periods, highlight the platform’s innovation, but also suggest that it may appeal more to experienced traders interested in maximising passive earnings.

However, Flipster’s emphasis on derivatives trading, with offerings like perpetual futures on over 250 cryptocurrencies, could be seen as intimidating for beginners who are just seeking spot trading options. Overall, while Flipster excels in liquidity and innovative financial products, it may be more suitable for users who are familiar with or interested in derivatives rather than those seeking a simpler trading experience

Pros

Cons

Investing risks losing your money

Threenvest Score

Fees

U.S Legal

With the confidence of Threenvest

Year Founded: Established in 2021, Flipster has rapidly grown and demonstrated its commitment to innovation and user experience in the cryptocurrency market.

Customer Service: Flipster provides 24/7 customer support through live chat and email, ensuring users can get assistance whenever they need it, enhancing overall user satisfaction.

Security Methods: Flipster employs advanced security protocols, including two-factor authentication (2FA), cold storage for the majority of user funds, and regular security audits, ensuring a high level of protection for user assets.

Reputation and Reviews: Early user feedback has been largely positive, highlighting the platform’s ease of use, comprehensive trading tools, and responsive customer support.

Volume Managed: The platform handles significant trading volumes, indicating a high level of activity and trust among its user base.

Best Crypto Exchanges

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About Flipster

Introduction

Flipster is a cryptocurrency exchange platform designed to offer a seamless trading experience for both beginners and experienced traders. It provides a comprehensive suite of tools and resources aimed at making cryptocurrency trading accessible and efficient. The platform supports a wide range of cryptocurrencies, ensuring users have diverse investment options.

What is Flipster?

Flipster is an online exchange where users can buy, sell, and trade various cryptocurrencies. The platform is known for its user-friendly interface, competitive fees, and robust security measures. It caters to a broad audience, from novice investors to seasoned traders, offering a variety of features to enhance the trading experience.

Background and History

Founded in 2017, Flipster has quickly established itself as a reliable and reputable player in the cryptocurrency market. The exchange was created to address the growing demand for a secure and straightforward platform for trading digital assets. Over the years, Flipster has expanded its offerings and continuously improved its services to meet the evolving needs of its users.

Founders

Flipster was founded by a team of seasoned financial and tech experts with a shared vision of making cryptocurrency trading more accessible. The founding team includes experienced professionals from the finance and technology sectors, bringing together a wealth of knowledge and expertise to drive the platform’s development and growth. Their combined experience has been instrumental in establishing Flipster as a trusted name in the crypto industry.

Why Choose Flipster?

Choosing Flipster as your crypto exchange is ideal for traders who value speed, low fees, and a comprehensive range of trading options. Flipster offers a competitive edge with its zero-fee trading structure, making it highly attractive for high-frequency traders looking to maximize profits without incurring additional costs. The platform’s user-friendly interface and advanced trading features, such as margin trading with leverage up to 100x, cater to both novice and experienced traders. Flipster also supports a wide variety of cryptocurrencies, allowing for significant portfolio diversification.

One of the standout features of Flipster is its focus on providing a fast and seamless trading experience. With real-time market data and an optimized mobile app, traders can execute trades quickly and efficiently, even on the go. This mobile-first approach eliminates the need to be tethered to a desktop, enabling users to monitor market movements and make trades from anywhere. Furthermore, Flipster’s deep liquidity and narrow bid-ask spreads ensure that traders can capitalize on market opportunities with minimal slippage.

Additionally, Flipster offers innovative financial products and services, such as leveraged tokens, staking, and yield farming, which appeal to traders interested in both active trading and passive income opportunities. The platform also provides a crypto debit card, bridging the gap between digital and traditional finance by allowing users to spend their crypto directly at merchants. Overall, Flipster’s comprehensive suite of tools and services makes it a versatile choice for anyone looking to engage in the dynamic world of cryptocurrency trading.

Where it falls short

While Flipster has many strengths, it also faces certain limitations that traders should be aware of. One of the primary drawbacks is the potential for high withdrawal fees. Unlike some exchanges that offer free or low-cost withdrawals for certain cryptocurrencies, Flipster’s withdrawal fees can be significant, impacting profitability, especially for traders who frequently move funds in and out of the platform. Additionally, while Flipster offers a robust trading platform, it has been noted that during periods of high market demand, the platform can experience slowdowns, which may affect trading efficiency and frustrate users.

Another area where Flipster falls short is that offers a mobile-optimized experience, the absence of a fully integrated desktop version could be a disadvantage for users who prefer traditional trading setups. The lack of a comprehensive desktop platform means that traders who want a more detailed, larger-screen experience may need to look elsewhere. Overall, while Flipster provides a strong trading environment, these areas of improvement are important considerations for potential users.

Features	Explanation
Minimum Trade	Flipster offers a low minimum trade requirement, making it accessible for beginners to start trading with small amounts.
Trading and Transaction Fees	The exchange has competitive trading fees, but some hidden costs, such as withdrawal fees, can add up.
Number of Cryptocurrencies	With over 150 cryptocurrencies available, Flipster provides ample choices, though some niche coins are missing.
Crypto-to-Crypto Trading Pairs	A wide variety of crypto-to-crypto trading pairs are available, enhancing trading flexibility.
Website Transparency	The website offers substantial information, but some users find it challenging to locate specific details about fees and services.
Credit/Debit Card	Credit and debit card support is available, but with higher fees compared to bank transfers.
Storage Offering	Flipster provides secure storage options, including cold storage, but lacks detailed information on insurance policies.
Staking and Rewards	The platform offers attractive staking and reward programs, appealing to users looking to earn passive income.
Mobile App and Desktop	Flipster’s mobile app and desktop versions are both user-friendly and feature-rich, though occasional bugs have been reported.
Customer Service	Customer service is available 24/7 and in multiple languages, but response times can be slow during peak hours.
Deposit and Withdraw	Flipster supports various deposit and withdrawal methods, but fees and processing times can be higher compared to some competitors.

Investing risks losing your money

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert at Threenvest, I highly recommend Flipster for its user-friendly interface and comprehensive trading options. Whether you’re new to crypto trading or an experienced trader, Flipster offers a wide range of over 200 cryptocurrencies and leverage up to 50x, making it an ideal platform to explore and maximize trading opportunities. The innovative Flipster Earn Pool is a unique feature that allows you to earn passive income on your idle funds. With robust security measures and 24/7 customer support, Flipster ensures a reliable and secure trading experience.

Fees

Flipster operates on a competitive fee structure, making it an attractive choice for traders. The platform charges 0% trading fees for both makers and takers, which is notably lower than the industry average. This fee model allows users to maximize their trading profits without worrying about high transaction costs. Additionally, the platform offers no deposit fees, further reducing the cost of trading. Withdrawal fees are transparent and depend on the specific cryptocurrency being withdrawn, aligning with standard practices in the industry. For users interested in leveraged trading, Flipster’s fees remain competitive. The cost-effectiveness of trading on Flipster, combined with its extensive range of over 200 cryptocurrencies, positions it favorably against many other exchanges. This transparency in fee structure, coupled with the absence of hidden charges, ensures that traders can plan their strategies without unexpected costs, making Flipster a highly economical choice for both novice and experienced traders.

Pros

Cons

Comprehensive Overview of Flipster Exchange Commissions

Flipster Exchange is well-regarded for its competitive fee structure, which makes it an attractive option for both new and experienced cryptocurrency traders. Here’s an in-depth look at the various fees associated with using Flipster:

Trading Commissions

Flipster employs a tiered fee structure for trading commissions based on the user’s 30-day trading volume. For most retail traders, the base fee is 0.1% per trade, which is competitive compared to industry standards. This fee can be further reduced by increasing trading volume or holding a specific amount of Flipster’s native token, which grants discounts on trading fees. The platform occasionally runs promotions offering reduced fees or zero-fee trading periods for certain trading pairs, making it even more cost-effective for users.

Withdrawal Fees

One area where Flipster users should be vigilant is withdrawal fees. While deposits are free, withdrawal fees vary depending on the cryptocurrency. For example, withdrawing Bitcoin might incur a fee of 0.0005 BTC, while withdrawing Ethereum could cost 0.01 ETH. These fees can add up, especially for users who frequently move funds off the platform. Additionally, network transaction fees, which depend on blockchain congestion, can also affect the total cost of withdrawals. It’s advisable for users to plan withdrawals to minimize these expenses.

Hidden Fees

Though Flipster is transparent about most fees, there are some costs that might catch users by surprise. For instance, while trading fees are low, the spreads (the difference between the buy and sell price) can vary, particularly during periods of high market volatility. These spreads effectively increase the cost of trading. Another hidden cost is related to funding methods; while bank transfers and crypto deposits are free, credit/debit card deposits carry higher fees, sometimes up to 3% of the transaction amount. Users should be aware of these potential additional costs when planning their trading strategies.

Putting Fees in Context

Compared to other major exchanges, Flipster’s fee structure is competitive. For example, its trading fees are lower than those of some well-known platforms like Coinbase, which charges up to 0.5% per trade. However, when it comes to withdrawal fees, Flipster can be more expensive than platforms that offer fixed low-cost withdrawal fees or free withdrawals for certain cryptocurrencies. Therefore, while Flipster is excellent for trading due to its low fees and discounts, users should be strategic about withdrawals to avoid high costs.

Conclusion

Overall, Flipster’s fee structure is designed to be user-friendly and competitive, particularly for active traders who can benefit from lower fees through higher trading volumes or holding the exchange’s native token. However, users should be mindful of withdrawal fees and potential hidden costs such as network transaction fees and credit/debit card deposit fees. By understanding and planning for these fees, traders can maximize their profitability and have a more efficient trading experience on Flipster.

Product selection

Flipster offers a comprehensive suite of services and products designed to cater to a wide range of cryptocurrency enthusiasts, from beginners to seasoned traders. The platform supports trading in over 150 cryptocurrencies, providing a vast array of options for investment and diversification. Flipster’s trading interface is intuitive and user-friendly, making it easy for newcomers to navigate and execute trades. In addition to basic trading services, Flipster provides advanced features such as margin trading, staking, and yield farming. Margin trading allows users to leverage their positions to potentially increase returns, while staking and yield farming offer opportunities to earn passive income by participating in the network’s security and operations. The platform also boasts a robust mobile app, ensuring users can manage their portfolios and execute trades on the go. Overall, Flipster’s wide range of services and products makes it a versatile platform suitable for various trading strategies and investment goals.

Pros

Wide Range of Cryptocurrencies: Flipster supports over 150 different cryptocurrencies, providing ample opportunities for diversification.
Advanced Trading Features: The platform offers margin trading, staking, and yield farming, catering to both basic and advanced trading needs.
User-Friendly Interface: Flipster's intuitive design makes it accessible for beginners while still offering the depth needed by experienced traders.

Cons

Read more about product selection in Flipster

Flipster offers a diverse range of services and products to meet the needs of various cryptocurrency investors and traders. Here’s an in-depth look at what the platform has to offer:

Trading Platform: Flipster’s trading platform is designed with user-friendliness in mind, featuring an intuitive interface that caters to both beginners and experienced traders. The platform supports real-time market data, advanced charting tools, and various order types including market, limit, and stop orders.
Margin Trading: For traders looking to leverage their positions, Flipster offers margin trading. This feature allows users to borrow funds to trade larger positions than their account balance would normally permit, potentially amplifying profits. However, it’s important to note that margin trading also increases the risk of losses.
Staking: Flipster provides staking services, allowing users to earn rewards by participating in the network’s proof-of-stake (PoS) operations. Users can stake their cryptocurrencies and receive periodic rewards, contributing to network security and efficiency.
Yield Farming: Yield farming is another popular feature on Flipster, where users can lend their crypto assets to liquidity pools and earn interest or rewards. This is a way for users to generate passive income by providing liquidity to decentralized finance (DeFi) platforms.
Mobile App: Flipster offers a robust mobile app available for both iOS and Android devices. The app replicates the full functionality of the desktop platform, allowing users to trade, monitor their portfolio, and access market data on the go.
Leveraged Tokens: Leveraged tokens are available on Flipster, allowing users to gain leveraged exposure to a cryptocurrency without the need for margin trading. These tokens provide a way to amplify returns (or losses) on specific cryptocurrencies.
Debit Card: Flipster offers a crypto debit card that allows users to spend their cryptocurrencies directly at merchants accepting debit card payments. This feature bridges the gap between the crypto and fiat worlds, enhancing the usability of digital assets.
Flipster’s Native Token: Flipster has its own native token, which can be used to pay for trading fees at a discounted rate. Holding the native token can also unlock additional benefits such as higher staking rewards and participation in exclusive promotions.
Financial Products: Flipster provides various financial products including futures, options, and perpetual contracts. These products offer advanced traders more tools to hedge their positions and speculate on the future price movements of cryptocurrencies.
Launchpad: The Flipster Launchpad is a platform for new cryptocurrency projects to launch their tokens. Users can participate in initial exchange offerings (IEOs) and gain early access to promising new tokens.
EARN: The EARN program on Flipster allows users to earn interest on their idle crypto assets. By depositing their assets into the EARN program, users can receive competitive interest rates, providing a low-risk way to grow their holdings.
Loans: Flipster offers crypto-backed loans, enabling users to borrow funds without having to sell their cryptocurrencies. This feature is useful for accessing liquidity without triggering a taxable event.
Liquid Swap: The Liquid Swap feature allows users to trade cryptocurrencies with minimal slippage and fees by providing liquidity to automated market makers (AMMs). This feature supports efficient and cost-effective trading.
Promotions and Referral Codes: Flipster runs various promotions, including referral programs where users can earn bonuses by inviting friends to join the platform. These incentives enhance user engagement and provide additional earning opportunities.
Tournaments: Flipster occasionally hosts trading tournaments where users can compete for prizes based on their trading performance. These tournaments add an element of gamification to the trading experience.
Wallet: The platform includes a secure wallet for storing a wide range of cryptocurrencies. The wallet supports features like transaction history, balance tracking, and easy transfers between accounts.
Research and Education: Flipster provides extensive educational resources and research materials, including market analysis, tutorials, and webinars. These resources are aimed at helping users improve their trading skills and stay informed about market trends.
API: For advanced users and developers, Flipster offers a comprehensive API that allows for programmatic trading and integration with third-party applications. This feature supports algorithmic trading and other automated strategies.
Trading View Integration: Flipster integrates with TradingView, providing users with advanced charting tools and social trading features. This integration allows users to benefit from the insights and strategies shared by the TradingView community.
Yielding Pools: Yielding Pools are available on Flipster, where users can deposit their assets to earn yields. These pools are part of the broader DeFi ecosystem and offer competitive returns.
Bonus Deals: Flipster frequently offers bonus deals, such as deposit bonuses and trading fee rebates, to attract new users and reward existing ones. These deals can enhance the overall trading experience and provide additional value to users.

With this extensive range of products and services, Flipster caters to a broad spectrum of trading and investment needs, making it a versatile and comprehensive platform for cryptocurrency enthusiasts.

Account opening

Opening an account on Flipster is designed to be straightforward and user-friendly, ensuring that even those new to cryptocurrency trading can get started with ease. To begin, visit the Flipster website or download the mobile app and click on the “Sign Up” button. You’ll be prompted to enter your email address, create a secure password, and agree to the terms of service. After submitting your information, you’ll receive a verification email; clicking the link in this email will activate your account. Once your email is verified, the next step is to complete the KYC (Know Your Customer) process. This involves providing some personal information and uploading a government-issued ID, such as a passport or driver’s license, along with a selfie for identity verification. This step is crucial for complying with regulatory standards and ensuring the security of the platform. After your documents are reviewed and approved, which typically takes a few hours to a couple of days, your account will be fully functional, allowing you to deposit funds and start trading cryptocurrencies.

Pros

User-Friendly Registration: The sign-up process is intuitive and easy to follow, even for beginners.
Quick Verification: KYC verification is typically completed within a few hours to a couple of days, allowing users to start trading promptly.
Comprehensive Security: The KYC process ensures a high level of security and compliance with regulatory standards.

Cons

Read more about account opening in Flipster

How to Sign Up on Flipster

Visit the Website or Download the App: Start by visiting the Flipster website or downloading the mobile app from the App Store or Google Play Store.
Click “Sign Up”: Locate and click the “Sign Up” button on the homepage or within the app.
Enter Your Details: Provide your email address, create a secure password, and agree to the terms of service.
Verify Your Email: Check your email inbox for a verification email from Flipster. Click the verification link to activate your account.

Opening an Account

Once your email is verified, log in to your Flipster account. You will be prompted to complete the KYC (Know Your Customer) process. This involves providing personal information such as your full name, address, and date of birth. You will also need to upload a government-issued ID (e.g., passport or driver’s license) and a selfie for identity verification. This step is crucial for complying with regulatory standards and ensuring the security of the platform. The verification process usually takes a few hours to a couple of days.

How to Buy Your First Cryptocurrency

Deposit Funds: After your account is verified, log in and navigate to the “Deposit” section. Choose your preferred deposit method (e.g., bank transfer, credit/debit card, or cryptocurrency deposit) and follow the instructions to fund your account.
Select a Cryptocurrency: Once your account is funded, go to the “Markets” or “Trade” section. Browse the list of available cryptocurrencies and select the one you wish to purchase.
Place an Order: Choose the type of order (market order for immediate purchase or limit order to set a specific price). Enter the amount you want to buy and review the transaction details. Confirm the order to complete your purchase.

Account Types

Flipster offers different account types to cater to various trading needs. Standard accounts are suitable for most users, providing access to all trading features and products. For high-volume traders, VIP accounts offer additional benefits such as lower trading fees, higher withdrawal limits, and priority customer support.

How to Use Flipster

To get the most out of Flipster, familiarize yourself with its features and tools. The platform offers advanced charting tools, market analysis, and various order types to enhance your trading experience. Utilize the educational resources and research materials provided to improve your trading skills and stay informed about market trends.

Registration and KYC

Registration on Flipster is simple and user-friendly. The KYC process, though requiring personal information and documentation, is essential for ensuring a secure trading environment. Completing KYC allows you to access all platform features and comply with legal and regulatory standards.

How to Deposit Money

For details on depositing money, refer to the next section. This section will guide you through the various deposit methods available on Flipster and how to use them efficiently.

Security

Flipster prioritizes the security of its users’ assets and data through a range of robust security measures. The platform employs industry-standard protocols such as two-factor authentication (2FA) to provide an additional layer of protection for user accounts. Cold storage is used to store the majority of user funds offline, significantly reducing the risk of hacking. Additionally, Flipster conducts regular security audits and penetration tests to identify and mitigate potential vulnerabilities, ensuring the platform remains secure against evolving threats. User confidence in Flipster is further bolstered by its transparent security practices and commitment to regulatory compliance. The platform adheres to stringent KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, which help prevent fraudulent activities and ensure a secure trading environment. Despite these strong security measures, it’s important for users to remain vigilant and follow best practices, such as using strong passwords and enabling 2FA, to maximize their account security.

Pros

Robust Security Measures: Flipster uses advanced security protocols, including two-factor authentication (2FA) and cold storage for the majority of user funds, ensuring high-level protection.
Regular Security Audits: The platform conducts frequent security audits and penetration tests to identify and fix vulnerabilities, maintaining a secure environment.
Regulatory Compliance: Flipster adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, enhancing user trust and preventing fraudulent activities.

Cons

Potential Vulnerabilities During Peak Times: High traffic periods can sometimes expose the platform to increased risk, necessitating constant vigilance and updates.
User Responsibility for Security: Despite the platform's strong security measures, users must also take proactive steps (like enabling 2FA and using strong passwords) to ensure their account's safety.

Is Flipster Legit?

Yes, Flipster is a legitimate cryptocurrency exchange. Established in 2017, it has built a solid reputation in the industry through its commitment to security, regulatory compliance, and user satisfaction. Flipster employs industry-standard security measures and adheres to strict regulatory requirements to ensure a safe and reliable trading environment.

Regulation and Licensing

Flipster operates under the regulatory frameworks of several jurisdictions, ensuring compliance with local laws and regulations. The exchange adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, requiring users to verify their identities before they can trade. This not only helps prevent fraudulent activities but also enhances the platform’s credibility.

Is Flipster Safe?

Flipster prioritizes the security of its users’ funds and personal information. The platform employs robust security measures, including:

Two-Factor Authentication (2FA): Users are encouraged to enable 2FA to add an extra layer of security to their accounts.
Cold Storage: The majority of user funds are stored in offline cold wallets, minimizing the risk of hacking.
Regular Security Audits: Flipster conducts frequent security audits and penetration tests to identify and address vulnerabilities.
Encryption: Advanced encryption protocols are used to protect data transmissions and user information.

Security Methods

In addition to the measures mentioned above, Flipster also implements the following security protocols:

Withdrawal Whitelists: Users can create a whitelist of trusted addresses for withdrawals, reducing the risk of unauthorized transactions.
Suspicious Activity Monitoring: The platform continuously monitors accounts for unusual activity and may temporarily suspend transactions to prevent potential fraud.
Insurance Fund: Flipster maintains an insurance fund to cover potential losses due to security breaches or other unforeseen events.

History and Track Record

Since its inception, Flipster has maintained a strong track record of security and reliability. The platform has not experienced any major security breaches, which speaks to the effectiveness of its security protocols. User feedback is generally positive, with many praising the exchange’s robust security features and responsive customer support.

Conclusion

Overall, Flipster is a secure and trustworthy cryptocurrency exchange. Its commitment to regulatory compliance, advanced security measures, and proactive approach to safeguarding user assets make it a reliable choice for trading cryptocurrencies. While no platform can guarantee absolute security, Flipster’s comprehensive security protocols and continuous improvements help mitigate risks and protect user funds. For these reasons, Flipster is considered a safe and legitimate option for cryptocurrency trading.

Customer service

Flipster’s customer service is designed to provide robust support to its users, ensuring a seamless trading experience. The platform offers 24/7 customer support through multiple channels, including email, live chat, and a comprehensive ticketing system. This round-the-clock availability ensures that users can get assistance whenever they need it, regardless of their time zone. The support team is known for being responsive and helpful, addressing queries and resolving issues efficiently. Additionally, Flipster’s help center includes detailed guides and FAQs, enabling users to find answers to common questions independently.

User feedback on Flipster’s customer service is generally positive, with many users appreciating the multilingual support and the accessibility of the help center. However, there are occasional complaints about slower response times during peak trading periods. Despite this, the overall sentiment is that Flipster provides reliable and effective customer service, contributing to a positive user experience. The platform’s commitment to support and user satisfaction makes it a strong contender in the cryptocurrency exchange space.

Pros

24/7 Support: Flipster offers round-the-clock customer service, ensuring users can get help whenever they need it.
Multilingual Assistance: The platform provides support in multiple languages, catering to a diverse global user base.
Comprehensive Help Center: Flipster's help center is extensive, offering detailed guides and FAQs to resolve common issues quickly.

Cons

Read more about customer service in Flipster

Customer Support

Flipster offers robust customer support designed to assist users around the clock. The platform provides 24/7 support, ensuring that users can get help whenever they need it, regardless of their time zone. This commitment to continuous support is crucial for traders who operate in the fast-paced and often volatile cryptocurrency markets.

Reputation and Customer Feedback: What Do Users Have to Say?

Flipster has garnered positive feedback from its users, particularly for its user-friendly interface and comprehensive trading tools. Early adopters appreciate the platform’s ease of use, quick trade executions, and the innovative Flipster Earn Pool. However, as a newer platform, some users have expressed a desire for more educational resources and a broader range of passive income options. Overall, the feedback highlights Flipster’s strong liquidity, especially for altcoins, and its responsive customer service.

Methods of Contact:

Users can reach Flipster’s customer support through several methods:

Live Chat: Available 24/7 directly on the platform, providing real-time assistance.
Email Support: Users can send detailed queries or issues to support@flipster.xyz, with a promise of prompt responses.
Help Center: An extensive FAQ section and support articles are available on the Flipster website, offering immediate solutions to common questions.

Response Time

Flipster is known for its quick response times, particularly through its live chat feature, where users typically receive assistance within minutes. Email inquiries are generally addressed within a few hours, ensuring that users do not face prolonged disruptions in their trading activities. The platform’s commitment to timely support helps maintain user confidence and satisfaction.

Additional Considerations

For users new to the platform, Flipster’s customer service team is equipped to provide step-by-step guidance on navigating the platform, executing trades, and utilizing advanced features like leverage and the Flipster Earn Pool. The comprehensive support ensures that even those with limited trading experience can confidently use the platform. Moreover, Flipster’s proactive approach includes regular updates and communications about new features, security enhancements, and market opportunities, ensuring that users are always well-informed. This level of engagement and transparency further solidifies Flipster’s reputation as a reliable and user-centric crypto trading platform.

Conclusion

Flipster’s customer service is a strong asset, providing quick, effective, and accessible support through multiple channels, backed by positive user feedback and a commitment to continuous improvement.

Is flipster Right for You?

You’re Looking for a User-Friendly Platform: If you value a straightforward, intuitive interface, Flipster is a great choice. Its mobile-first design makes it easy to trade on the go, while the desktop version offers all the tools needed for comprehensive trading. Both beginners and experienced traders will find the platform accessible and easy to navigate, with features that streamline the trading process.
You Want Access to Diverse Trading Options: Flipster is ideal for traders who seek a variety of trading opportunities, particularly in the derivatives market. With over 120 tokens and high leverage options up to 50x, Flipster allows you to capitalize on market movements and explore different trading strategies. The platform’s strong liquidity in altcoins ensures that you can execute trades quickly and efficiently.
You Need Reliable Customer Support: For traders who prioritize responsive and continuous customer service, Flipster offers 24/7 support through live chat and email. The platform’s quick response times and helpful support team ensure that you can resolve issues promptly and continue trading without interruptions. This makes Flipster a dependable option for those who may need frequent assistance or are new to crypto trading.

Flipster compared to other crypto exchanges

Threenvest score

Fees

US Legal

–

Security

High 4/5

Investing risks losing your money

Threenvest score

4,8

Fees

US Legal

Security

High 4,9/5

Investing risks losing your money

binance us

Threenvest score

4,9

Fees

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Available cryptocurrencies and countries available

Available Cryptocurrencies and Countries

Flipster offers a diverse selection of over 140 cryptocurrencies, providing traders with ample opportunities to explore various digital assets. The platform supports major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), as well as a wide range of altcoins including Cardano (ADA), Polkadot (DOT), and Solana (SOL). While Flipster is accessible to users from many countries worldwide, there are some significant exclusions. Unfortunately, users from the United States, China, and several other countries, including Afghanistan, Belarus, and Iran, cannot open accounts on Flipster due to regulatory restrictions. This limitation ensures compliance with international regulations and enhances the platform’s security measures.

Main cryptocurrencies available

Bitcoin (BTC)
Ethereum (ETH)
Binance Coin (BNB)
Cardano (ADA)
Solana (SOL)
Polkadot (DOT)
Dogecoin (DOGE)
Avalanche (AVAX)
Shiba Inu (SHIB)
Chainlink (LINK)
Litecoin (LTC)
Stellar (XLM)
Uniswap (UNI)
Terra (LUNA)
Polygon (MATIC)
Algorand (ALGO)
Aave (AAVE)
Elrond (EGLD)
Filecoin (FIL)
Tezos (XTZ)

Main countries where you can open an account

United Kingdom
Canada
Australia
Germany
France
Japan
South Korea
Brazil
India
Singapore
Mexico
Netherlands
Spain
Italy
Sweden
Norway
Switzerland
Finland
Belgium
New Zealand

FAQs

1. What is Flipster?

Flipster is a cryptocurrency derivatives trading platform that was founded in 2021. It offers a user-friendly mobile-first interface, allowing traders to access a variety of crypto assets with leverage up to 50x. The platform supports over 200 cryptocurrencies, providing extensive trading options for both beginners and experienced traders.

2. How do I open an account on Flipster?

To open an account on Flipster, visit the official website or download the mobile app. Click on “Sign Up,” enter your email address, create a password, and complete the verification process by providing the required personal information. Once verified, you can start trading on the platform.

7. How can I contact Flipster’s customer support?

Flipster offers 24/7 customer support through various channels. You can access live chat support directly on their website or app for real-time assistance. Additionally, you can email them at support@flipster.xyz. The Help Center on their website also provides comprehensive FAQs and support articles for common issues.

3. What are the trading fees on Flipster?

Flipster operates on a market maker and taker fee model. Trading fees are 0% for all users, making it highly competitive. However, it’s always a good idea to check the latest fee schedule on their website for any updates.

4. Is Flipster available in my country?

Flipster is available in many countries worldwide, including the UK, Canada, Australia, Germany, and Japan. However, it does not support users from certain countries due to regulatory restrictions. Notable restricted countries include the United States, China, and Iran. For a complete list, refer to the platform’s terms of service.

6. Can I trade with leverage on Flipster?

Yes, Flipster allows users to trade with leverage up to 50x on a wide range of cryptocurrencies. This feature enables traders to maximize their potential returns, though it also comes with increased risk. Ensure you fully understand how leveraged trading works before engaging in it.

5. What security measures does Flipster have in place?

Flipster employs advanced security protocols to ensure user safety. This includes two-factor authentication (2FA), cold storage for the majority of user funds, encryption of data transmission, and regular security audits. These measures help protect user accounts and assets from unauthorized access and potential breaches.

Final opinion on Flipster

Flipster stands out as a promising cryptocurrency derivatives trading platform, especially for those looking to explore altcoins and leverage trading.

With its user-friendly mobile-first design, Flipster makes trading accessible and straightforward, even for beginners.
The platform offers over 200 cryptocurrencies, ensuring a wide array of trading options.
Its competitive fee structure, including 0% trading fees, is a significant advantage, making it an attractive option for cost-conscious traders.
The innovative Flipster Earn Pool allows users to earn passive income on their idle funds, further enhancing the platform’s appeal.
Additionally, Flipster’s robust security measures, including two-factor authentication and cold storage, ensure a secure trading environment.

However, compared to more established exchanges, Flipster has some limitations. The platform’s focus on derivatives means fewer options for passive income beyond significant trading events, which might not appeal to all users. Moreover, as a relatively new entrant in the market, it still needs to build a broader reputation and trust within the crypto community. Restricted access for users from major markets like the United States and China is another drawback.

Despite these challenges, Threenvest believes that Flipster’s strengths, particularly its innovative features and user-centric approach, position it well for growth and success in the evolving crypto trading landscape.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Do not invest unless you are fully prepared to lose the entire amount of your investment. This is a high-risk activity, and you should not rely on any guarantees of protection if something goes wrong.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.

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