No Regulation

Score

0123456789.01234567890123456789
/10

Deribit

Panama

|

5-10 years

Suspicious Regulatory License|

Medium potential risk

https://www.deribit.com/

Website

Yesterday Vol
Rating Index
Influence

Influence

C

Influence Index NO.1

United Arab Emirates 2.27

Exchange assets(USD)
$5,310,479,898.34
Influence
C

Exchange assets(USD)

$5,310,479,898.34

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

More
Company Name
Deribit
Phone of the company
--
Facebook
--
More
Customer Service Email Address
info@deribit.com

WikiBit Risk Alerts

1
Previous Detection 2024-04-21

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Exchange assets

Update on 02:04:05

Total Asset:

$5,310,479,898.34 USD

BTC

78.96%

ETH

19.98%

USDC

0.94%

USDT

0.12%

Others

-0.00%

Token

BTC

1932eK...aKeEpT

BTC

1932eK...aKeEpT

BTC

35WHp4...NB41Lo

BTC

1MDq7z...yc6CT8

BTC

35WHp4...NB41Lo

BTC

bc1qtq...yawuvm

ETH

0x0624...308e7e

ETH

0x904c...213126

ETH

0xcfee...cbbf64

BTC

bc1qtq...yawuvm

Quantity

Price

Value

15,899.78

$64,864.313 USD

$1.0313b USD

22,899.99

$43,454.9227 USD

$995.1173m USD

9,995.50

$64,864.313 USD

$648.3512m USD

7,000.21

$64,864.313 USD

$454.0638m USD

9,995.50

$43,454.9227 USD

$434.3537m USD

5,349.66

$43,454.9227 USD

$232.4691m USD

59,999.98

$3,148.6295 USD

$188.9177m USD

58,000.00

$3,148.6295 USD

$182.6205m USD

57,500.00

$3,148.6295 USD

$181.0462m USD

2,510.31

$64,864.313 USD

$162.8295m USD

Vol Stat

Influence

Yesterday Vol

7 Days

$ 651.348m

$ 651.348m

70.64%

$ 266.404m

$ 266.404m

28.89%

$ 2.211m

$ 2.211m

0.23%

$ 689,230

$ 689,230

0.07%

$ 526,395

$ 526,395

0.05%

$ 220,954

$ 220,954

0.02%

$ 210,397

$ 210,397

0.02%

$ 202,094

$ 202,094

0.02%

$ 120,621

$ 120,621

0.01%

$ 66,084

$ 66,084

0%

$ 8,405.13

$ 8,405.13

0%

$ 7,195.00

$ 7,195.00

0%

$ 2,037.47

$ 2,037.47

0%

User Reviews

More

4 ratings

Participate in evaluation
FX1332902989
Deribit has a user interface that is easy to understand, but often experiences significant price changes.
2024-01-23 02:08
8
Auchang111
"I quite like Deribit. Although it carries some risks due to its high price volatility, its user-friendliness and trading features are excellent! However, there was an issue once where their customer service response was not very timely, and there is room for improvement."
2024-01-10 20:37
5
BIT2959782647
Fraud the platform, induce customers to deposit money, and in the end run out of money and have nothing.
2022-08-26 10:40
0
BIT2959782647
Please don't trust this platform, liar. Induce deposits, induce projects. It's all a scam
2022-08-26 10:38
0
Aspect Information
Company Name Deribit
Year Founded 2016
Official Website deribit.com
Cryptocurrencies Available BTC, ETH, DOGE, SOL, MATIC, BCH, ADA, DOT, LTC, XRP, ALGO, UNI, and more
Payment Methods Credit/Debit Card, Bank Transfer, PayPal, Cryptocurrency
Educational Resources Various educational articles, Deribit Options Course
Customer Support Email (info@deribit.com), Twitter, Telegram, Live Chat, Telegram Groups

Overview of Deribit

Deribit offers traders various features, including a robust matching engine, low latency, risk management, and liquidity. Founded in 2016 in Panama, Deribit started with BTC trading, expanding to ETH and other currencies. The platform prioritizes integrity, innovation, and quality service. While regulatory clarity is pending, Deribit maintains stringent security measures, securing over 99% of user funds in cold storage and employing a secure facility. With 49 cryptocurrencies available for trading, ranging from BTC to DOGE, Deribit's dynamic trading environment generates a daily volume of $582,594,546. Account setup involves providing basic details and agreeing to terms. Deribit adopts a maker-taker fee model based on products. Deposits and withdrawals support various cryptocurrencies and methods. Comprehensive educational resources, including expert-authored articles and a comprehensive Deribit Options Course, enhance user knowledge. Customer support is accessible through multiple channels. The platform caters to different traders, appealing to professionals, active traders, risk-tolerant individuals, and those seeking educational resources.

basic-info

Pros and cons

Deribit stands out in various aspects, boasting a lineup of 49 tradable cryptocurrencies and a robust matching engine designed for low latency. Its advanced risk management and liquidity mechanisms not only elevate the trading experience but also come with a plethora of trading choices and order varieties. Rooted in principles of integrity, top-notch service, and innovation, the platform leaves no stone unturned in implementing top-tier security measures, including the utilization of cold storage solutions. Furthermore, traders benefit from a diverse array of educational resources provided by the platform. However, it's worth noting that potential drawbacks encompass the absence of confirmed regulatory oversight, the lack of specific cryptocurrency incentives, and the omission of anonymous trading options. Prospective users should also factor in the possibility of withdrawal delays and associated fees, with certain products carrying relatively higher charges. While the platform places a strong emphasis on cryptocurrencies, it doesn't appear to facilitate fiat currency trading as highlighted in the case of Coinbase.

Pros Cons
Offers 49 cryptocurrencies for trading Lack of confirmed regulatory oversight
Robust matching engine with low latency Potential regulatory risks
Advanced risk management and liquidity Lack of specific cryptocurrency rewards
Wide variety of trading options and order types No anonymous trading
Emphasizes integrity, quality service, and innovation Fees can be relatively high for certain products
High security measures with cold storage and more Withdrawal delays and fees may occur
Diverse educational resources for traders No mention of fiat currency trading

Regulatory Authority

Deribit currently operates without confirmed regulation. It's essential to approach with caution due to the lack of established regulatory supervision.

Regulation

Security

At the forefront of security, Deribit employs rigorous measures. With over 99% of user funds kept in cold storage, vulnerability to hacking is minimized. Servers are stationed in the secure Equinix LD4 facility, under 24/7 surveillance, fortified against physical threats, and bolstered by redundancy. A multi-signature cold wallet system, distributed across vaults, adds another layer of protection. Stricter access protocols and multi-signature keys govern the cold storage. Account security is fortified through distinct passwords, Two-Factor Authentication (2FA) via apps or YubiKey, IP whitelisting, secure session settings, and vigilance against phishing attacks. Encouraging users to activate 2FA, ensure secure connections, adopt robust passwords, and evade common pitfalls maintains a fortified security posture.

Cryptocurrencies available

In terms of variety, Deribit offers trading for an array of 49 cryptocurrencies, including major options such as

  • BTC,

  • ETH,

  • DOGE,

  • SOL,

  • MATIC,

  • BCH,

  • ADA,

  • DOT,

  • LTC,

  • XRP,

  • ALGO,

  • UNI.

When it comes to new additions, Deribit ensures a swift coin listing speed, enabling users to promptly access emerging assets.

The platform's price spectrum spans from BTC, valued around $29,350.2, to DOGE, which hovers at approximately $0.07477.

Market capitalizations differ among cryptocurrencies, with tiers represented by BTC, DOGE, and MATIC.

Deribit's vibrant trading environment boasts substantial trading volumes for notable coins like BTC, ETH, DOGE, SOL, and ADA, collectively contributing to a daily trading volume of $582,594,546.

cryptocurrencies

How to open an account?

To open a Deribit account:

1. Visit the Deribit website and click “Create account.”

open account

2. Provide your email address.

3. Choose a username with at least 5 characters, comprising letters and numbers only.

4. Set a password of 12 characters or more, including a digit, uppercase letter, and symbol.

5. Confirm the password.

6. Select your country of residence.

7. Agree to the Terms of Service and Privacy Policy.

8. Click “Register.”

open account

Fees

Deribit employs a maker-taker fee structure, featuring fees that vary based on the product and are a percentage of the contract's underlying asset. Maker orders for BTC Weekly Futures and ETH Weekly Futures incur a -0.01% fee, while taker orders have a 0.05% fee. BTC and ETH Futures & Perpetual orders have a 0.00% maker fee and a 0.05% taker fee. USDC Perpetuals come with a 0% maker fee and a 0.05% taker fee. Both maker and taker orders for BTC and ETH Options bear a 0.03% fee of the underlying or 0.0003 BTC/ETH per options contract. Deribit offers a 100% fee reduction for the second leg of Option Combos involving buy and sell trades, and a 50% discount on the lowest taker leg for Futures Spreads/Futures Combos. Liquidation fees for Futures & Perpetuals are 0.75% for BTC/ETH and 0.90% for ETH/ETH, and Options have liquidation fees of 0.19% of the underlying asset or 0.0019 BTC/ETH per options contract.

Product Maker Fee Taker Fee
BTC Weekly Futures -0.01% 0.05%
ETH Weekly Futures -0.01% 0.05%
BTC Futures & Perpetual 0.00% 0.05%
ETH Futures & Perpetual 0.00% 0.05%
USDC Perpetuals 0.00% 0.05%
BTC Options 0.03% 0.03%
ETH Options 0.03% 0.03%
Option Combos Free Free
Futures Spreads/Futures Combos - 50% discount
BTC/ETH Liquidation Fees 0.75% 0.90%
Options Liquidation Fees 0.19% 0.19%

Deposit & Withdrawal

Deribit streamlines deposits and withdrawals via Bitcoin (native blockchain), Ethereum (native blockchain), Solana (native blockchain), and USDC (ERC20 deposits). Successful KYC verification is necessary to obtain a deposit address. Bitcoin deposits entail no fees and need one network confirmation. Instant withdrawals are feasible based on hot wallet balance availability, while occasional delays may occur due to limited hot storage. Withdrawal and deposit fees vary with network conditions, with deposits incurring no fees.

Payment Method Buy Sell Add Cash Cash Out Speed
Credit/Debit Card Available Available Available Available Fast
Bank Transfer Available Available Available Available Medium
PayPal Available Available Available Available Fast
Cryptocurrency Available Available Available Available Variable

Educational Resources

At Deribit, a plethora of educational resources await to enhance your grasp of derivatives trading. Authored by experts, articles span diverse subjects like Trading Volatility, Futures Spreads Liquidity, Deribit Price Ladder, IV Rank and IV Percentile, Hedging with Derivatives, and Initiating with Deribit Options, among others.

education1

Furthermore, the Deribit Options Course unfolds an all-encompassing learning journey. This complimentary course entails 97 lectures paired with quizzes, delivering over 8 hours of video and text-based content. Across 13 comprehensive sections, it explores Cryptocurrency Options, Option Definitions, Call and Put Option Basics, Cryptocurrency Call and Put Option Fundamentals, Volatility, Delta, Theta, Vega, Gamma, and Strategies and Combinations.

education2

Customer Support

Deribit offers customer support through various channels, including email (info@deribit.com), Twitter, and Telegram in English, Chinese, and Russian languages. They also provide a Live Chat feature accessible via their exchange platform. Additionally, Deribit offers support through Telegram Groups for direct assistance in multiple languages.

Compare to Other Brokers

Deribit presents a choice of 49 cryptocurrencies, featuring Maker fees at -0.01% and Taker fees at 0.05%. Binance boasts a vast array of 500+ cryptocurrencies, coupled with Maker fees of 0.04% and Taker fees of 0.075%. Meanwhile, Kraken offers 50+ cryptocurrencies and charges Maker fees of 0.1%, along with Taker fees of 0.26%. BitMEX hosts 100+ cryptocurrencies, with Maker fees set at 0.0007% and Taker fees at 0.002%. All platforms uphold no account minimums. Deribit rewards tasks with up to 100 USD, Binance incentivizes deposits with up to 500 USD, Kraken offers tasks-related rewards of up to 50 USD, and BitMEX grants up to 100 USD for deposits.

Feature Deribit Binance Kraken BitMEX
Cryptocurrencies Amount 49 500+ 50+ 100+
Fees Maker: -0.01%, Taker: 0.05% Maker: 0.04%, Taker: 0.075% Maker: 0.1%, Taker: 0.26% Maker: 0.0007%, Taker: 0.002%
Account Minimum None None 50 USD 10 USD
Promotions Up to 100 USD in rewards for completing tasks Up to 500 USD in rewards for depositing funds Up to 50 USD in rewards for completing tasks Up to 100 USD in rewards for depositing funds

Is Deribit a Good Exchange for You?

Deribit accommodates a wide array of traders through its versatile features. Professional traders leverage its robust matching engine, low latency, and advanced risk management for effective strategy execution. Active traders find an agile platform with diverse order types and comprehensive charting tools for both futures and options markets. Risk-tolerant traders benefit from high leverage and liquidation mechanisms. Those seeking education can access resources like the Deribit Options Course, while community-oriented traders participate in Telegram support groups and community-driven content. Deribit's diverse offerings cater to various trading styles and preferences.

User Reviews

User 1:

“Deribit has been my go-to crypto exchange for a while now. Security is on point – 2FA and cold storage keep my funds safe. The interface is clean and user-friendly, even for a newbie like me. Customer support through Telegram is quick and helpful. Liquidity is usually good, especially on major pairs. Trading fees are reasonable, not eating into profits. Plus, their privacy measures put me at ease. Withdrawals are smooth and don't take forever. Only gripe? More altcoins would be cool.”

User 2:

“I've been trading on Deribit for a bit, and I'm loving it. The exchange is solid – you can tell they've put effort into stability. The wide range of order types caters to all my strategies. And the liquidity, wow! I can enter and exit positions without a hitch. They offer a bunch of cryptocurrencies, and the deposit/withdrawal speed is pretty swift. I appreciate their commitment to security and data protection. The trading fees are reasonable, and the customer support is responsive. Overall, a top-notch exchange for serious traders.”

Conclusion

Deribit, catering to cryptocurrency derivatives trading, exhibits both merits and drawbacks. The platform boasts a diverse cryptocurrency selection, coupled with a robust trading infrastructure, including a potent matching engine and efficient risk controls. Educational resources like the Deribit Options Course further enrich traders' knowledge. However, the absence of confirmed regulatory oversight presents a concern, potentially impacting its risk profile. While security measures like cold storage and multi-signature wallets are in place, the regulatory gap casts a shadow on the platform's overall security. Traders are advised to tread carefully, ensuring comprehensive research prior to involvement.

FAQs

Q: How does Deribit determine leverage?

A: Leverage depends on your account's equity, utilizing cross-margin auto leverage. To achieve 10x leverage with a 1 BTC position, you need 0.1 BTC. Subaccounts enable margin isolation for specific trades.

Q: Can I deposit fiat like USD or EUR?

A: Deribit accepts BTC, ETH, and USDC deposits. Find BTC and ETH deposit addresses under Account > Deposit. For fiat-crypto transactions, use exchanges like Kraken.com or Bitstamp.net.

Q: Can deposit/withdrawal speed be expedited?

A: Due to Bitcoin network congestion, transactions face delays. We can't accelerate or prioritize them. Try BTC.com transaction accelerator for quicker processing.

Q: How do I inquire about security settings?

A: Email security-related queries to info@deribit.com for assistance.

Q: Is Deribit operational 24/7?

A: Yes, Deribit operates continuously, barring system updates or disruptions.

Q: What's the minimum order size?

A: Presently, the minimum order size stands at 0.1 BTC or 1 ETH.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

TokenCrypto derivatives firm Deribit moves to Dubai after winning VARA approval
Crypto derivatives platform Deribit has received a VASP license from Dubais VARA, allowing the firm to launch spot and derivatives trading in the region.
WikiBit

2024-04-02 20:31

Crypto derivatives firm Deribit moves to Dubai after winning VARA approval
TokenDeribit anticipates $15b in crypto options to expire this week
Crypto options exchange Deribit is poised for a record-breaking week with over $15 billion in option
WikiBit

2024-03-28 03:04

Deribit anticipates $15b in crypto options to expire this week
TokenEther call options concentrate on $2,550 for Friday's expiry on Deribit
Ether active options data shows the largest cluster of contracts outstanding are calls with a strike
WikiBit

2024-01-18 20:49

Ether call options concentrate on $2,550 for Friday's expiry on Deribit
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