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Flipster is a crypto exchange that offers both derivatives and spot trading in a user-friendly environment. Launched in 2021 (originally under the name AQX) and rebranded to Flipster in 2023, the platform has attracted millions of users across 177 countries. It specializes in perpetual futures contracts on a wide range of cryptocurrencies, while recently expanding to spot trading for major coins.
Flipster is known for lightning-fast listings of new tokens and deep liquidity provided by a professional market maker, ensuring tight spreads and smooth trade execution. Notably, Flipster charges zero trading fees on all trades (both futures and spot), allowing traders to maximize profits without fee overhead. In total, users have access to hundreds of crypto markets – by late 2024 Flipster offered over 300 different tokens for trading (from blue-chips like Bitcoin and Ethereum to niche altcoins), with more added frequently to capitalize on emerging market trends.
Flipster Trading Capabilities
Perpetual Futures: Flipster’s core offering is perpetual futures trading on a wide variety of cryptocurrencies, with leverage up to 100x on major and altcoin pairs. There are hundreds of perpetual contracts listed (growing to 300+ and counting) covering everything from BTC and ETH to meme coins and new project tokens. All futures trades on Flipster are fee-free, and the platform supports standard risk management tools like stop-loss/take-profit orders and adjustable margin.
Spot Trading: In 2023, Flipster introduced spot trading, initially launching markets for a handful of top coins (such as BTC, ETH, XRP, TRX, and SOL) with 0% spot trading fees. Spot and futures markets are integrated, so traders can easily switch between them to capitalize on price movements. The spot offering is still expanding – Flipster started with a beta release on mobile and plans to add more trading pairs (and a web interface) to broaden users’ investment options. Even in its early form, the ability to trade key cryptocurrencies on the spot market with no fees adds convenience for Flipster users who want to both “flip” futures and HODL assets on one platform.
Time Trigger Orders: Flipster’s Time Trigger Order feature allows traders to schedule a market order to execute automatically at a specific date and time. In practice, this means you can pre-set a buy or sell that will trigger at a chosen moment – for example, during a major economic announcement or token unlock event – without needing to be online. The order will fire at the scheduled time and execute at the prevailing market price. This is useful for capturing opportunities around key market events or trading during off-hours.
Instant Flip: A standout Flipster tool is the Instant Flip function, which enables one-tap position reversal for futures trades. With Instant Flip, a trader can immediately close an open position and simultaneously open a new position of the same size in the opposite direction (long ↔ short). This effectively “flips” your trade from long to short or vice-versa with a single click, without manually closing and reopening. The practical benefit is speed – users can react almost instantly to sudden market reversals or changes in sentiment.
Fee Structure
One of Flipster’s most attractive features is its fee policy. The platform charges 0% trading fees for all perpetual futures contracts and for spot trades. In other words, there are no maker or taker fees – a rarity even among crypto exchanges. This zero-fee model allows traders to enter and exit positions frequently without worrying about fees eating into profits, and even high-volume or high-frequency traders pay no trading commissions.
Beyond trading fees, other costs on Flipster are minimal and transparent:
Deposit Fees: There are no deposit fees for funding your account. Flipster does not charge for cryptocurrency deposits; users only need to cover any network blockchain fees when transferring funds into Flipster from an external wallet. So effectively, depositing crypto (USDT, BTC, etc.) is free on the platform.
Withdrawal Fees: For withdrawals, Flipster charges a small flat fee per transaction, mainly to cover the blockchain network fee. The fee amount depends on the cryptocurrency and network used. For example, withdrawing Bitcoin incurs a 0.001 BTC fee, and withdrawing USDT via Ethereum costs 10 USDT. However, cheaper networks are supported – USDT withdrawn via Tron costs only 0.3 USDT, and some assets on certain chains even have zero fee (e.g. USDT on BNB Chain shows 0 USDT fee). Internal transfers between Flipster users are free (0 fee). Overall, withdrawal fees are in line with network costs and there are no extra platform surcharges beyond those necessary to process the blockchain transaction.
Funding Fees: Like any futures exchange, Flipster uses a funding rate mechanism on perpetual swaps. Funding fees are not charged by the exchange but rather are periodic payments exchanged directly between long and short position holders to keep the contract price aligned with the spot market. These funding rates typically accrue every 8 hours on Flipster’s contracts (though the exact interval can vary by asset). If the funding rate is positive, longs pay shorts; if negative, shorts pay longs – Flipster simply facilitates this as part of the contract. The Funding Fee a trader pays or receives is calculated as position size × funding rate. Flipster provides a funding history in the account so users can see what interest they paid or earned over time. Importantly, since trading fees are zero, the only ongoing cost for holding a leveraged position on Flipster is the funding rate (if applicable), which is a standard in the industry.
Other Costs: Flipster does not impose hidden fees such as account maintenance fees or subscription fees. There is no fee to use advanced order types, no fee for using the mobile app, and no direct fee for participating in their reward programs (those are optional and mostly offer bonuses rather than costs). In summary, the platform’s fee structure is very straightforward and cost-effective, with essentially free trading and deposits, and reasonable withdrawal/network fees. Even compared to other low-fee exchanges, Flipster’s zero maker/taker fees give it a significant edge.
Flipster Rewards And Incentives
Flipster offers a variety of reward programs and incentives to engage traders and add extra value beyond just trading profits. These include one-time bonuses for new users, loyalty rewards for high-volume traders, referral commissions, affiliate partnerships, and yield earning opportunities. Below are the key programs available:
Rewards Hub (Welcome Bonuses): New users on Flipster can take advantage of the Rewards Hub, which provides up to 150 USDT in bonus rewards for completing simple tasks upon sign-up. These tasks are designed to help beginners get started and include things like verifying your identity (KYC), making a deposit, and hitting trading volume milestones. For example, a user earns 5 USDT for completing KYC, up to 25 USDT for depositing at least $50, 20 USDT for making the first trade, and even a 100 USDT bonus for reaching $100k in trading volume. Completing all newbie tasks within 30 days grants an extra 10 USDT bonus. The Rewards Hub is accessible via the mobile app (tap the gift icon in the Assets page) and is only for brand-new accounts (no prior deposits). It’s a great welcome package that essentially pays newcomers to learn the platform – by the time you finish the tasks, you could have $150 in rewards to trade with, fostering a positive start on Flipster. (Note: The bonuses are credited after a 7-day waiting period once all tasks are done and require maintaining the minimum deposit during that time.
VIP Program: For advanced users, Flipster runs a VIP program that grants exclusive privileges to high-tier traders. VIP status is earned by either trading at least 3 million USDT in volume over 15 days, or maintaining a 50,000 USDT average balance. Once you qualify as a VIP, you unlock a suite of perks: trading rebates (cashback on trades), access to a daily VIP Trade Earn Pool with prize pools up to 2,000 USDT per day, boosted referral commissions, higher APR in certain earn campaigns, a 4× multiplier on Launchpool rewards, and other bonuses. Essentially, VIPs can earn extra money through special pools and increased rewards on the platform. Flipster also runs a Master League Leaderboard competition among VIPs – the top 10 VIP traders by weekly P&L share a reward of 3,000 USDT each week. This adds a competitive element for VIP members to showcase their trading skills. Overall, the VIP program is designed to reward Flipster’s most active and loyal traders with monetary incentives and status benefits.
Referral Program: Flipster encourages users to invite friends via its referral program, which offers ongoing commissions for each referred user. Unlike typical one-time referral bonuses, Flipster’s program pays referees based on their friends’ trading activity and deposits over time. Specifically, you can earn up to 4% APR on the deposits your referrals hold, and 0.005% of their trading volume as commission. These rewards accumulate as long as the referrals keep using the platform (initially for up to 1 year, recently extended to 365 days of trading rewards per referral). In essence, if someone you referred keeps a large balance or trades frequently, you get a small cut (paid by Flipster, since trading is fee-free to the user). There’s no cap on how many friends you can refer or how much you can earn – it’s “unlimited commissions” in that sense. This structure aligns the referral incentives with platform usage, rewarding those who successfully bring active traders. To participate, users simply share their unique referral link and ensure friends sign up through it; Flipster provides tracking and the commission payouts automatically. It’s a win-win where users grow the community and earn passive rewards.
Affiliate Program: In addition to the open referral program, Flipster has an Affiliate Program geared towards influencers, content creators, and community leaders. This program, which is ongoing with no fixed end date, allows affiliates to partner with Flipster more formally. Affiliates get exclusive benefits and higher-tier commissions when users sign up via their affiliate link, deposit funds, and trade. The more referrals an affiliate brings and the more those users trade, the more the affiliate earns – similar concept to referrals but typically with higher rates or custom arrangements for those with large audiences. Flipster’s affiliate program essentially lets you “turn your influence into USDT”. To join, one must apply and be approved as an affiliate. Once onboard, affiliates can promote Flipster to their communities and receive commissions for every successful referral, along with potential perks like co-marketing opportunities or early access to new features. This program is ideal for those who have a platform (YouTubers, bloggers, group admins) and want to monetize by recommending Flipster, while providing their audience an exchange with tangible benefits (like zero fees).
Superstars Program: Flipster’s Superstars Program is an ambassador-style initiative aimed at power users and community builders. Announced in early 2025, this program invites passionate Flipster fans to contribute content, spread awareness, and help grow the Flipster community. In return, Superstars get performance-based rewards from a prize pool of up to 100,000 USDT available throughout the year. They also gain exclusive access to campaigns, early previews, and premium content, plus can earn monthly cash bonuses up to 1,500 USDT based on their contributions. Essentially, Flipster Superstars act as brand ambassadors – whether through creating educational content, sharing trading insights, or hosting community events. The program is ongoing with no set end date, and interested users must apply and pass a trial to be accepted. Flipster touts this as a way for enthusiasts to “make an impact” and join a dynamic crew of crypto influencers, while earning generous rewards for their efforts.
Earn Campaign: To help users earn passive income, Flipster introduced an Earn Campaign that pays yield on assets held in the exchange wallet. Users can simply hold supported cryptocurrencies (currently USDT, BTC, and ETH) in their Flipster account, and they will accrue interest rewards at a high annual percentage rate. Currently, the APR is 22% on USDT balances (and even up to 25% in certain launch promotions). This means if you keep your tether (USDT) sitting in Flipster, you could earn roughly 21% APY, paid out by Flipster as part of this campaign.
The Earn Campaign runs continuously through all market cycles, allowing traders to grow their funds while waiting for the next trade – essentially earning yield while being ready to trade. Unlike locking funds in an external DeFi yield farm, Flipster’s Earn program lets you still use the assets for trading at any time. In fact, one motivation for this feature was to enable users to keep their capital on the exchange (for quick deployment when opportunities arise) without sacrificing the chance to earn interest. There’s no separate staking required; any balance in your account is automatically eligible for interest (up to certain limits). This is a valuable incentive, especially in a bear market: traders can ride out the downturn earning high APR on their stablecoins or top crypto, then quickly deploy that capital for trading when volatility returns. Alongside the Earn Campaign, Flipster also periodically offers Launchpool events (staking certain tokens to earn rewards in USDT plus bonus multipliers) and airdrops for completing tasks, further enriching the reward opportunities on the platform.
Flipster User Experience And Accessibility
Flipster is designed to be accessible and convenient for a wide range of users, emphasizing an easy onboarding process and seamless cross-platform access. Here’s a breakdown of the user experience:
Registration & KYC: Signing up for Flipster is straightforward. Users can register via the website or mobile app with an email address and password, similar to most exchanges. After verifying the email, identity verification (KYC) is required to unlock full functionality. Flipster adheres to strict KYC/AML protocols, meaning every user must submit identification (passport, ID card or driver’s license) and usually a selfie/live verification before they can deposit or withdraw funds. This verification can be done directly in-app, powered by an integration with Sumsub for a streamlined process. Once documents are uploaded and approved (which typically happens quickly, with email notification upon approval), the user is ready to trade. While mandatory KYC might feel inconvenient to some, Flipster has made it relatively quick and it significantly boosts security by keeping bad actors off the platform. It’s worth noting that users from certain jurisdictions (e.g. the US) are not allowed on Flipster – during sign-up, one must confirm they are non-US and from a supported region. This is a common restriction due to regulatory reasons.
Platform Interface (Web & Mobile): Flipster is a mobile-first platform, placing heavy emphasis on its smartphone app for trading on-the-go. The Flipster app is available on iOS and Android and features an intuitive, clean interface tailored for both beginners and experienced traders. Unlike the complex, cluttered dashboards of some traditional exchanges, Flipster’s UI is simplified and modern, resembling familiar mobile app layouts. Users can easily toggle between markets, view charts, and execute trades with just a few taps. At the same time, advanced functions (like leverage adjustment, trigger orders, etc.) are accessible but not overwhelming. For those who prefer desktop, Flipster also provides a web trading interface that syncs with the mobile experience. You can open or manage positions on the web and then monitor them on your phone, or vice versa.Key interface features include real-time price charts, an order book view, position and P&L tracking, and quick trade buttons like Instant Flip.
Portfolio Management Tools: Flipster provides tools for users to manage and track their crypto portfolio within the platform. In the app’s “Assets” or portfolio section, users can see their total account balance and breakdown by asset. The platform also offers features like portfolio allocation charts and average purchase price tracking to help users analyze their positions. Importantly, because Flipster integrates trading and earning, users can see their trading account balance grow not only from P&L but also from Earn Campaign interest and rewards – all visible in one place. The interface highlights unrealized P&L on open positions, margin utilization, and other key metrics for risk management. Additionally, Flipster includes a “Portfolio Conversion” option allowing one-tap conversion of small altcoin balances into USDT. For active futures traders, Flipster’s platform shows detailed position info (entry price, leverage, liquidation price, etc.) and allows partial closing of positions or adding margin easily.
Accessibility & Support: Flipster is available to users in 177 countries. The mobile app ensures that even users without constant computer access can trade and manage funds. As mentioned, one restriction is that Flipster does not support customers from the United States due to regulatory compliance. Additionally, fiat currency is not supported on Flipster – you cannot deposit or withdraw USD/EUR directly, nor is there a built-in fiat onramp. This means users must already have cryptocurrency (like USDT or BTC) to use the platform; beginners looking to buy crypto with a bank card will have to do so elsewhere and then transfer in. This crypto-only approach is common for derivatives-focused exchanges and is something to be aware of. On a positive note, Flipster offers 24/7 customer support, including live chat assistance, to help with any user issues. They also maintain a help center with FAQs and tutorials on using the platform.
Security And Compliance
Security is a critical aspect of any crypto platform, and Flipster has implemented robust measures to protect users’ funds and comply with regulatory standards:
Account Security: Flipster requires every user to enable two-factor authentication (2FA) for their account, adding an extra layer of login protection beyond just password. This typically involves linking an authenticator app (like Google Authenticator) to generate time-based OTP codes for login and withdrawals. Mandatory 2FA greatly reduces the risk of unauthorized account access. The platform also monitors for suspicious login attempts or account activities and will alert or lock accounts if something seems abnormal. Users are encouraged to use strong passwords and keep their credentials safe – standard advice that Flipster reinforces in its guidelines.
KYC/AML Compliance: Flipster is fully committed to Know-Your-Customer and Anti-Money-Laundering compliance. As noted, users must verify their identity before trading, which helps Flipster ensure all traders are bona fide and traceable. This deters illicit activities like money laundering, fraud, or use by sanctioned individuals. Flipster’s compliance team reviews the submitted documents and may perform additional checks or ask for further verification if large transaction volumes are involved. The exchange also continuously monitors transactions for suspicious activity and has systems in place to flag potential money laundering or market manipulation.
Regulatory Status: Flipster is operated by two entities: Prex sp. z o.o. in Poland (for Polish residents) and Flipster Corp. in Panama (for all other users). The Polish entity is registered in the country’s crypto businesses registry, indicating a level of regulatory oversight in the EU jurisdiction. The Panama entity suggests the exchange is based offshore for global operations, which is common for crypto derivatives platforms. Currently, Flipster does not hold specific licenses like a US BitLicense or similar. However, by choosing appropriate jurisdictions, Flipster can legally offer services to most countries except those explicitly prohibited (they maintain a list of Prohibited Jurisdictions in their Terms of Use). The absence of US users and some other regions is a sign Flipster is avoiding conflicts with regulators like the SEC or CFTC.
Asset Security & Proof of Reserves: Flipster has implemented industry-standard measures to safeguard user funds. Importantly, Flipster practices Proof of Reserves (PoR) to bolster transparency and trust. They periodically publish proof-of-reserves audits on their website, which verify that all customer assets on Flipster are fully backed 1:1 by corresponding reserves. This cryptographic audit allows users to independently verify that their account balances are included and that Flipster isn’t engaging in fractional reserve practices. In essence, PoR shows that if all users withdrew their funds, Flipster could honor every withdrawal – a vital confidence factor especially after high-profile industry collapses. By regularly updating the Proof of Reserves, Flipster increases accountability and reassures users that their money is safe and actually where it should be.
Risk Management: On the trading side, Flipster has built-in safeguards to maintain a fair and secure trading environment. They employ an auto-deleveraging and insurance fund for futures to handle liquidations and protect against negative balances. The liquidation engine is designed to close positions before losses exceed collateral, and an insurance fund covers any shortfalls so that winning traders can be paid even if counterparts default. Flipster also enforces position size limits and a tiered margin system to manage systemic risk. For compliance, they forbid abusive trading practices (outlined in Terms of Use Clause 21) and will suspend accounts engaged in wash trading, cheating on bonuses, or other forbidden behaviors. All these measures ensure that Flipster remains stable (no exchange-wide losses) and that users trade in a secure, rule-abiding ecosystem.
Summary: Overall, Flipster takes security and compliance seriously despite being a relatively new exchange. Users benefit from the platform’s strict KYC and security protocols (like mandatory 2FA and constant monitoring) which greatly reduce hacking and fraud risks. The proactive publishing of Proof of Reserves is a strong commitment to transparency, showcasing that Flipster wants to be trusted long-term. While not formally regulated in every country, Flipster operates within legal frameworks via its corporate structure and by excluding restricted regions.
