Flipster Review 2026: Perpetuals Exchange With Copy Trading

Flipster is a centralized crypto exchange built around perpetual futures. DefiLlama lists it under CEX and describes over 300 perpetual listings, including BTC and ETH, with leverage up to 100x. The homepage says it supports over 400 trading pairs and promotes low fees and reward campaigns.

Beyond perpetuals, the site lists spot markets, TradFi markets, copy trading and Earn products. It also advertises a Launchpool, marked as coming soon, plus trading competitions, VIP and referral programmes.

DefiLlama shows about $22.9 million in on-chain holdings, down 2.3% over seven days, across many chains including Ethereum, BNB Chain, Tron, Bitcoin and Solana. It has been tracked since May 2024 and has no token listed. For a centralized exchange this figure reflects reserves it holds rather than a measure of smart-contract use.

Flipster is a centralized exchange. Users create an account, pass identity verification and deposit crypto, which the exchange holds. Trades happen on the exchange's own order books rather than through on-chain smart contracts.

The main product is the perpetual future, a derivative that tracks an asset's price with no expiry date. Traders can use leverage, so a small deposit controls a larger position. That magnifies both gains and losses, and a position can be liquidated if the market moves against it.

Flipster adds copy trading, spot markets and earn products. Users can earn yield on margin balances, and the platform runs campaigns and VIP tiers that reward trading activity.

Flipster says it uses a tiered fee model with rates that fall as trading volume rises. Fees start at 0.025% at the base tier. The project does not say whether this applies to maker or taker orders, or give the full tier table.

The site has a dedicated Fees page and a Trading rules page, which are where users would see the current schedule. Other costs, such as funding rates on perpetuals and withdrawal fees, are not covered publicly, so check them before trading.

Flipster is custodial. Funds sit with the exchange, so users carry counterparty risk, which exists with any centralized platform. The homepage says it maintains Proof of Reserves, holds a AAA rating from CER.live and is ISO/IEC 27001 certified, and the footer links a bug bounty. These are self-reported and the project does not include independent verification. DefiLlama lists no audits, which is common for centralized exchanges.

The project does not name a regulator or licence, and the site says eligibility varies by jurisdiction. Verification is mandatory, so users should confirm that derivatives trading is allowed where they live. No hacks or incidents appear. Leveraged trading carries a high risk of loss, so only use money you can afford to lose.

Flipster fits experienced traders who want perpetual futures on a wide range of crypto assets, and users who want to copy established traders. It is a poor fit for anyone seeking self-custody, anyone who wants to avoid identity checks, or newcomers who do not understand liquidation risk.