Flipster Review [2024] | Crypto Derivatives Trading Platform

In this review, we’re taking a look at Flipster, a crypto derivatives trading platform with a special emphasis on perpetual futures and leverages of up to 100x. More precisely, we’re digging into the platform’s background and mechanisms, its fee structure, its safety measures, and its products and offerings. In addition, we’ll provide you with some instructions on how to register on the platform and conclude the review with a short list of pros and cons to give you a clear overview of this new crypto exchange.

About Flipster

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Initially launched as AQX, short for “Access, Quality, and Xtraordinary,” Flipster was founded in 2021 to tackle common hurdles faced by crypto investors, such as insufficient risk protection, poor liquidity, and limited functionality for efficiently managing decentralized finance (DeFi) assets.

Over the years, Flipster became known for its commitment to zero fees, promotions, fast cryptocurrency listings, and reduced slippage. Today, it is a popular choice among traders looking for altcoin and Bitcoin (BTC) derivatives with low fees and high leverage.

Who Is Behind Flipster?

Currently, Flipster employs over 200 people worldwide. Leading the team is Chief Executive Officer (CEO) Yongjin Kim, who founded Presto Labs after a three-year period as an algorithmic trader at Jump Trading. He has been at the helm of Flipster since August 2022.

The platform has forged partnerships with industry leaders such as Presto Labs, Sumsub, Tether, TON, Orderly Network, Over Protocol, BONK, Pudgy Penguins, Klaytn, and Jasmy.

Flipster Products and Services

Flipster specializes in cryptocurrency derivatives. Derivatives are financial instruments that traders use to speculate on the price movement of a crypto asset without actually owning it. 

Traders will have several key trading features and services available on Flipster, including:

1. Flipster Crypto Futures Trading;
2. Mobile App;
3. Market;
4. Launchpool;
5. VIP, Affiliate, and Referral Programs;
6. Earn Campaign;
7. Rewards Hub;
8. Launch Airdrops;

Let’s explore each of them in more detail.

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1. Flipster Crypto Futures Trading

Crypto trading is Flipster’s primary offering. With over 250 perpetual futures listings and up to 100x leverage, the platform caters to more experienced traders. Features like take profit/stop loss orders, instant flips, and trigger orders are also available, however, so the platform has something to offer to traders of all calibers.

Instant flips reverse an existing position and open a new one in the opposite direction (long/short). It allows traders to quickly adapt to changing market conditions. With multiple positions, users can open up to five positions or pending orders per symbol, supporting portfolio diversification and risk management. With trigger orders, on the other hand, users can set conditions to execute trades only when specific price levels or market movements occur.

2. Mobile App

Flipster’s mobile app allows users to make trades, instant flip, open multiple positions, set trigger orders, monitor portfolios, and seize market opportunities on the go. Currently, the app is available on iOS and Android.

3. Market

The Flipster’s Market page lists the USDT perpetual futures trading pairs according to parameters such as top movers, high volume, or high funding fees. Users can use the search bar to filter pairs and sort them according to the parameters mentioned above. Through the marketplace interface, users can also quickly select which token to trade.

4. Launchpool

Flipster’s Launchpool offers daily USDT rewards on staked tokens. By staking their assets, users can generate a consistent stream of USDT rewards in addition to profits from the appreciation of their crypto holdings.

Users can also boost their earnings by up to 4x by meeting minimum trading volume requirements or attaining VIP status. This makes it an appealing option for those looking to maximize returns, particularly for long-term holders with idle crypto assets.

5. VIP, Affiliate, and Referral Programs

Flipster offers VIP, referral, and affiliate programs to provide users with additional benefits.

For high-volume traders, the VIP program offers exclusive advantages, such as trading rebates, access to VIP-only earn pools with daily rewards of up to 3,000 USDT, and additional APR on special campaigns. To qualify for VIP status, users must either have a 15-day trading volume exceeding 3,000,000 USDT or maintain a daily average of 50,000 USDT+ in their Flipster wallet balance..

The affiliate program includes rewards such as trading commissions, referee qualification bonuses, and exclusive perks. Affiliates also gain access to dedicated account managers, special offers, and global networking events.

On the other hand, the referral program is open to all users, not just those with a large following. Referrers can earn 3% APR on referee’s deposits and 0.003%% trading commissions on referee’s trades for 90 days after they’ve joined. 

6. Flipster Earn Campaign

Flipster’s Earn campaign lets users trade with USDT as margin while simultaneously earning interest. By depositing USDT, users can earn an annual percentage rate (APR) of up to 22%, as of the latest rates. This makes it an ideal option for long-term crypto holders, allowing them to earn on idle assets during market downturns while staying ready for the next trading opportunity.

7. Flipster Rewards Hub

The Flipster Rewards Hub gives users a chance to earn up to 150 USDT by completing straightforward tasks such as verifying their identity, making a net deposit of 50 USDT, executing their first trade, and reaching a trading volume of 100,000 USDT or more. 

8. Launch Airdrops

With Flipster’s airdrop campaigns, users can win up to 1,000 USDT in position airdrops without any initial investments. To join the campaigns, users can register and collect one chip daily, with each chip guaranteeing at least 2 USDT in airdrop value. The more chips the user collects, the higher their chance of winning the grand prize.

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How to Get Started With Flipster?

Registering an account with Flipster is relatively straightforward, you can sign up an account on their website or mobile app If you sign up on their website, head over to the Flipster homepage and click on the Sign Up button in the upper right corner (as shown below):

Then, you will have to enter your email or continue with your Apple and Google accounts (as shown below). For the purposes of this review, we shall create a new account with our email and click Continue:

Once you’ve typed in your email, you will be asked to come up with a password and add a referral code if you have one. Simple fill out all the fields and click Sign Up (as shown below):

Finally, you will have to complete a puzzle to confirm you are not a robot (as shown below):

Once you’ve sold the puzzle, you will have to go to your email inbox to confirm your account. You will have 24 hours to do so. Once you’ve confirmed your email, you will be able to sign in to your account and explore the platform.

Is Flipster Safe?

Security is paramount when handling cryptocurrencies, and Flipster puts a lot of care into creating a secure environment for crypto traders.

The platform features Anti-Money Laundering (AML) and Know-Your-Customer (KYC) protocols. To prevent misuse of the platform and combat illicit activities such as money laundering and fraud, all traders must verify their identities by submitting valid ID documents before accessing any trading features. Likewise, traders can rely on two-factor authentication (2FA) for additional protection. 

To maintain safety standards, Flipster consistently updates and strengthens its security measures in response to new threats and evolving technologies. The platform also undergoes security audits and compliance checks to stay ahead of potential vulnerabilities.

Finally, Flipster ensures transparency by publishing regular Proof of Reserves (PoR) updates on the website, ensuring all user assets are fully backed 1:1 and securely managed. These updates allow users to verify that their funds are accounted for at all times.

Flipster Fees

Flipster fees are highly competitive. Currently, the platform doesn’t charge trading feeson all perpetual swap contracts, making trading on the platform essentially free. Likewise, there are no deposit fees, aside from standard network fees that may apply when transferring funds.

However, withdrawals do incur a fee, which varies depending on the coin. For example, withdrawing BTC via the Bitcoin network incurs a 0.001 BTC fee, while withdrawing TON incurs a 0.1 TON fee. 

Flipster withdrawal fees

Currency	Network	Withdrawal	Withdrawal Fee (Internal)
ALGO	Algorand	0.01 ALGO	0 ALGO
ARB	Arbitrum One	0.2 ARB	0 ARB
ATOM	Cosmos	0.01 ATOM	0 ATOM
AVAX	Avalanche C-Chain	0.1 AVAX	0 AVAX
BLAST	Blast	1 BLAST	0 BLAST
BNB	BNB Smart Chain (BEP20)	0.003 BNB	0 BNB
BONK	Solana	50000 BONK	0 BONK
BTC	Bitcoin	0.001 BTC	0 BTC
BUSD	BNB Smart Chain (BEP20)	1 BUSD	0 BUSD
BUSD	Ethereum (ERC20)	10 BUSD	0 BUSD
C98	BNB Smart Chain (BEP20)	0.1 C98	0 C98
CELO	Celo	0.001 CELO	0 CELO
CFX	CFX-Conflux	0.1 CFX	0 CFX
ETH	Ethereum (ERC20)	0.004 ETH	0 ETH
ETH	Arbitrum One	0.0001 ETH	0 ETH
ETH	Optimism	0.0001 ETH	0 ETH
ETH	Blast	0.0001 ETH	0 ETH
FDUSD	BNB Smart Chain (BEP20)	1 FDUSD	0 FDUSD
FDUSD	Ethereum (ERC20)	10 FDUSD	0 FDUSD
FTM	Fantom	0.3 FTM	0 FTM
KLAY	Klaytn	0.1 KLAY	0 KLAY
LINK	Ethereum (ERC20)	1 LINK	0 LINK
NEAR	NEAR Protocol	0.1 NEAR	0 NEAR
ORDER	Ethereum (ERC20)	20 ORDER	0 ORDER
POL	Polygon	0.05 POL	0 POL
SCA	Sui	0.1 SCA	0 SCA
SOL	Solana	0.01 SOL	0 SOL
SUI	Sui	1 SUI	0 SUI
TON	TON	0.1 TON	0 TON
TRX	Tron (TRC20)	10 TRX	0 TRX
USDC	Solana	2 USDC	0 USDC
USDC	Ethereum (ERC20)	10 USDC	0 USDC
USDT	TON	0.1 USDT	0 USDT
USDT	BNB Smart Chain (BEP20)	0.3 USDT	0 USDT
USDT	Tron (TRC20)	0.3 USDT	0 USDT
USDT	Ethereum (ERC20)	10 USDT	0 USDT
USDT	Arbitrum One	0.1 USDT	0 USDT
XAUT	Ethereum (ERC20)	0.001 XAUT	0 XAUT
XRP	Ripple (XRP)	0.25 XRP	0 XRP

Why Do Users Choose Flipster?

Flipster has taken a few steps to adjust its approach to trading and attract potential users. 

For one, Flipster strives to list the latest perpetual futures listings. The platform also puts an emphasis on “zero fees with deep liquidity”, lower slippage, and narrow bid-ask spreads.

Furthermore, the platform is designed to be user-friendly, simplifying the complexities of traditional trading platforms to deliver an optimal trading experience. 

Pros and Cons of Flipster

Flipster Community and Social Media Platforms

All important information about the Flipster platform, its offerings, and its services is accessible on the platform’s official website, blog, and social media:

• Website: To register, trade, and learn about the most important aspects of the platform, visit the Flipster website;
• Blog: On the Flipster blog, you can find educational posts on a variety of crypto-related topics.
• Glossary: Flipster’s crypto glossary is where users can learn and explore widely used crypto terms and jargons. It is a comprehensive source for terminology and definitions of the blockchain and cryptocurrency space.

Flipster social media platforms:

• Linkedin: Connect with Flipster on LinkedIn;
• YouTube: Subscribe to Flipster’s YouTube channel for video updates;
• Facebook: Join the Flipster community on Facebook and get in touch with other traders;
• X (Twitter): Follow Flipster on X (Twitter) for quick updates;
• Telegram: Chat with Flipster traders on Telegram.

The Bottom Line

In conclusion, Flipster stands out as a versatile and fast-growing crypto derivatives trading platform, providing users access to over 250 perpetual futures listings with up to 100x leverage.  The platform caters to both novice and experienced traders, offering high liquidity and zero trading fees. 

Its unique features, such as instant flips, advanced trading tools, and earning opportunities like the launchpool and referral programs, make it an appealing choice for those looking to maximize their crypto investments. Flipster’s strengths are its speed, flexibility, and innovative product offerings, all of which make it worth checking out in countries where it is available.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs About Flipster

What is Flipster?

Flipster is a cryptocurrency trading platform that specializes in Bitcoin and altcoin derivatives.

Does Flipster have a demo account?

No, Flipster does not have a demo account.

Does Flipster require KYC?

Yes, traders have to undergo a standard KYC procedure on Flipster to help prevent money laundering, fraud, and other illicit activities. 

How many cryptocurrencies can you trade on Flipster?

Flipster gives traders access to over 250 perpetual futures listings, including Bitcoin (BTC) and Ethereum (ETH). 

Is Flipster available on mobile?

Yes, Flipster is available on iOS and Android devices.

What are the fees like on Flipster?

Flipster has zero-fee trades and doesn’t charge deposit fees. However, you might still incur some network fees when transferring assets on-chain. For a more detailed coverage of Flipster’s fee structure, you can visit Flipster’s fees page.

Is Flipster available in the US?

No, Flipster is not available in the US.