|Panama City, Panama
|Fiat Currencies Supported
|USD, AUD, CAD, EUR + 10 others (some through third party apps)
|Total Supported Cryptocurrencies
|Twitter, Live Chat, Help Center Articles, Support Ticket
|Yes - iOS, Android
Welcome to a comprehensive look at Deribit, a distinguished name in the realm of cryptocurrency trading. Here, we delve into various facets of the platform, from its inception to its current standing in the market.
Since its inception, Deribit has had a clear directive: to provide a cutting-edge platform for cryptocurrency derivatives trading. With an offering that caters to the needs of the modern trader, it’s a platform where precision and speed are paramount.
The exchange has shown an unwavering dedication to staying ahead of market trends and technological innovations, ensuring that it remains a relevant and preferred choice for those invested in the dynamic realm of digital asset trading.
Deribit began its journey in the crypto space as a vision of its founders, John Jansen and Marius Jansen, alongside its developers Sebastian Smyczýnski and Andrew Yanovsky. Incorporated in 2016 under Deribit B.V., it is registered in the Netherlands but operates from the Virgin Islands.
The platform has quickly risen to prominence, focusing primarily on Bitcoin and Ethereum options and futures trading, capturing significant market share amongst crypto derivatives exchanges.
As Deribit’s influence in the cryptocurrency market has grown, it has navigated through various cycles of innovation and regulation that have shaped the industry. The exchange’s journey is marked by its ability to adapt to the relentless pace of change in the digital finance sector.
By introducing complex instruments like perpetual futures contracts and European-style options, Deribit has not only demonstrated resilience but also foresight in anticipating the needs of the market and its participants.
Deribit Supported Cryptocurrencies
Deribit supports trading on over 17 cryptocurrencies on their platform. This exchange currently supports 16 of the top 30 market cap cryptocurrencies.
View all cryptocurrencies Deribit supports
Deribit’s trading platform is tailored to meet the demands of both novice and seasoned traders. The interface comes equipped with a variety of tools and features that cater to detailed analysis and efficient trading strategies.
Its position builder and calculation mechanisms are particularly noteworthy, enabling traders to manage their positions and risks with precision.
Trading on Deribit is designed to accommodate the nuanced requirements of advanced traders and trading firms. The platform’s sophisticated risk management tools, such as the position builder and calculation mechanisms, enable traders to evaluate their potential profits and losses across different market conditions.
Moreover, traders have access to a plethora of market data, which is vital for informed decision-making and crafting nuanced trading strategies.
Understanding the fee structure is critical when choosing a crypto exchange. Deribit employs a multifaceted fee schedule that revolves around the type of trade executed, whether it involves options or futures contracts.
The platform typically uses a maker-taker model which incentivises market liquidity while maintaining a competitive edge.
The fee structure at Deribit is crafted to cater to the diversity of its user base, which ranges from casual enthusiasts to professional traders. By employing a maker-taker fee model, the exchange encourages users to contribute to the platform’s liquidity, ensuring efficient price discovery and execution of trades.
Additionally, the platform provides incentives such as volume discounts which benefit users with high trading activity, reflecting its understanding of the importance of cost-efficiency in trading strategies.
Deribit supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC compared to the industry average of 0.000075 BTC. So Deribit has a fee that is above the industry average by 566.67%.
Security - Is Deribit Safe?
Investors’ peace of mind is paramount, which is why Deribit prioritises stringent security measures. The majority of user funds are secured in cold storage, with a minimal amount in hot wallets to facilitate day-to-day withdrawals.
Moreover, the platform boasts two-factor authentication for accounts and an insurance fund designed to shield users from the risks associated with bankrupt traders.
On the frontline of asset protection, Deribit has implemented multi-factor authentication, a feature that adds an additional layer of security to user accounts. The exchange also employs real-time monitoring to detect and thwart security threats.
Its insurance fund further solidifies its commitment to protecting traders from the financial implications of counterparty risk, ensuring that the platform can cover losses that might arise from unforeseen market anomalies.
Deribit Customer Support
Customers are provided with support through various channels, including an email address for inquiries. Deribit promotes an affiliate program that rewards users for referrals, indicating a community-focused approach.
Additionally, the platform offers a wealth of explanatory videos, catering to experienced users seeking to optimize their trading experience.
Support is a cornerstone of the customer experience on Deribit. Recognising the diversity of its clientele, the exchange offers resources that cater to both novice users seeking guidance and experienced traders aiming to refine their approach.
The availability of detailed explanatory videos serves as a testament to Deribit’s commitment to education and transparency, fostering a sense of community among its users.
Deribit Support Channels
How to Sign Up on Deribit
- Create Account - Visit the Deribit website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you can deposit using the deposit methods listed below, including some options through third party apps.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Total Supported Cryptocurrencies
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others
Total Supported Cryptocurrencies
0.06% - 0.16%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
Deribit has established itself as a robust platform with a keen emphasis on advanced trading options. Its commitment to delivering deep liquidity and a wide range of products makes it a significant player in the derivatives market.
The trajectory of crypto exchanges is intertwined with the broader financial landscape and technological advancements. As digital finance evolves, the demand for innovative and secure platforms will likely increase.
The role of exchanges like Deribit in facilitating access to a wide spectrum of financial products while maintaining market stability will be crucial as the digital economy expands, potentially influencing regulatory frameworks and the development of decentralized finance models.
Deribit has implemented a range of security measures to protect its users’ funds and data. These include cold storage of the majority of assets, two-factor authentication (2FA), and mandatory whitelisting of withdrawal addresses.
However, as with any online platform, users should be aware of the risks associated with trading and storing assets digitally.
Deribit’s fee structure varies depending on the product being traded. For instance, they charge a maker and taker fee for both futures and options trading, with the specific rates available on their website.
Fees are generally competitive with other trading platforms.
Deribit is not regulated by any major financial regulatory body. The platform operates out of Panama, and while they implement security measures and practices common in the industry, they do not have the same level of oversight as a regulated exchange.
The Deribit risk engine is a real-time risk management system that monitors and manages the risks associated with the products offered on the platform. It ensures that all trades are collateralized and helps in preventing system-wide shocks in cases of market volatility.
Deribit restricts access to users from certain countries due to legal and regulatory considerations. These countries typically include the United States and other jurisdictions that have strict regulations on derivatives trading and cryptocurrencies.
Deribit was founded by John Jansen and its ownership is private. As a privately held company, detailed information on ownership may not be publicly disclosed, but it was started by Jansen who has a background in options trading.
Deribit requires users to undergo a Know Your Customer (KYC) process, which involves providing personal identification information. This is a standard practice to prevent financial crimes and enhance security on the platform.
The liquidation fee on Deribit is incurred when a trader’s position is closed by the liquidation engine due to insufficient margin. The liquidation fee helps cover the administration of the liquidation process and the potential slippage in closing the position.
Specific rates can be found on their website and can vary based on market conditions.
Deribit User Reviews
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