Deribit provides trading contracts with leverage of up to 100x. A total of 3 contract types [spot, futures, options] are available on the platform. This exchange requires at least $10 for opening a position on its markets.
Deribit Company Information and Regulation
Deribit was founded in June 2016. Operating under the legal name DRB Panama Inc., the company is now headquartered in Dubai, United Arab Emirates.
Based on our investigations, the company is not regulated by any financial authorities.
Deribit Exchange Key Specifications
The Cryptocurrency exchange operates according to a set of specific parameters and features. Some of them are mentioned below:
Exchange | Deribit |
Launch Date | June 2016 |
Levels | Unverified, Verified |
Trading Fees | 0% for Spot, Varying for Futures and Options |
Restricted Countries | Yemen, Iran, Iraq, United States, Canada, Japan, etc. |
Supported Coins | 30+ |
Futures Trading | Yes |
Minimum Deposit | 5 USD / 0.00001 BTC |
Deposit Methods | BTC, ETH, USDC |
Withdrawal Methods | BTC, ETH, USDC |
Maximum Leverage | 100x |
Minimum Trade Amount | $10 |
Security Factors | 2FA, Proof of Reserves |
Services | Futures, Options, Testnet, Position Builder, Options Wizard |
Customer Support Ways | Ticket, Email, Live Chat |
Customer Support Hours | 24/7 |
Fiat Deposit | No |
Affiliate Program | Yes |
Orders Execution | N/A |
Native Token | N/A |
Notable Upsides and Downsides
Let's examine the pros and cons of using Deribit compared to other popular crypto exchanges:
Upsides | Downsides |
Low Latency | Relatively Limited Asset Selection |
Advanced Order Types and Risk Management Tools | No Private Chat Support for Unregistered Users |
1:1 Reserves of All Assets | - |
User Levels
Per our investigations of the exchange's website, there is no specific leveling structure designed for users. Basically, there are only two types of accounts: Unverified and Verified. Almost all features of the platform require users to verify their identity.
Deribit Exchange Fees
This platform has set a certain fee structure for trading and other operations. Trading Commissions Overview:
Contracts | Maker Fee | Taker Fee |
BTC/ETH Weekly Futures | -0.01% | 0.05% |
Futures and Perpetual | 0.00% | 0.05% |
BTC/ETH Options | 0.03% of the underlying (0.0003 BTC per options contract). However, this is capped at 12.5% of the options price. | |
Spot | 0% | |
Regarding fundings, no fees are charged for deposits, and withdrawal costs vary by the network.
Available Digital Assets
Deribit focuses on major cryptocurrencies, providing 3 types of trading contracts:
- Spot: BTC, ETH, SOL, XRP, and more
- Futures: BTC, BCH, LINK, ETH, and so on
- Options: BTC, ETH, PAXG, BNB, etc.
Per our examinations, no exact data is provided regarding the number of coins/tokens. However, it appears that over 30 cryptocurrencies are available.
Futures and Margin Options
Actually, Deribit specializes in cryptocurrency derivatives trading, offering:
- Futures market contracts
- Perpetual futures
- Options contracts
Key Features:
- Up to 100x leverage
- Portfolio margin capabilities
- Advanced order types
- Block trade functionality for large orders
Sign Up and KYC on Deribit
Traders only require a username and an email address to open an account with Deribit. Deribit registration:
#1 Visit the Deribit Website
First, search for Derbit and access the official website. On the main page, click "Create account" to begin the account opening process.
#2 Complete the Account Opening Form
Provide an email address and choose a country of residence. Check the box to agree to the mentioned terms and conditions, and then create a username and password for your account.
#3 Verify Your Email Address
Check your email inbox and click on the verification link to verify it.
#4 Verify Your Identity
For verification, you will need to activate 2FA, provide personal and address information, go through ID verification, and submit proof of residence.
Deribit Exchange Platform and Applications
Similar to many other cryptocurrency exchanges, Deribit offers a proprietary platform with features such as:
- Advanced analytics tools
- Real-time order book and trade history
- Risk management dashboard
- Volatility surface views
Access the terminal on your browser or download the applications via these links:
Deribit Safety & Security
Deribit provides limited information about the security measures on its platform:
- Two-factor authentication (2FA): Available via a mobile authenticator app or a Yubikey
- Proof of Reserves: 1:1 reserves of all client funds held by the company
Some companies mention many different security factors on their official website.
Deposit/Withdrawal Methods
Deribit does not accept fiat deposits on its platform and offers a limited selection of payment options. Funding Options:
- Bitcoin (native blockchain)
- Ethereum (native blockchain)
- USDC (ERC20 deposits only)
The website states that no other blockchains are accepted.
Deribit Trust Evaluations and Ratings
The company has received a limited number of reviews from trust rating platforms. This section discusses these scores:
- Deribit on Trustpilot: 4.1/5 stars (based on 10+ reviews)
- Deribit on ScamAdviser: 10/100 Trustscore
Deribit Features
Deribit exchange is solely focused on cryptocurrency trading contracts and doesn't provide other crypto-related services.
Feature | Availability |
Staking | No |
Yield Farming | No |
Social Trading | No |
Liquidity Pool | No |
Gift Card | No |
Customer Support Contact Channels and Hours
Deribit offers 3 common support methods for users, with one option limited to registered traders:
- Email: support@deribit.com
- Ticket: Through the website (Zendesk)
- Live Chat: On Telegram (group chat) and website (exclusive to registered users)
Most platforms offer a private chat option for all users, regardless of registration status. The company claims to offer 24/7 customer service.
Are There Any Copy Trading/Passive Income Options On Deribit?
Currently, the exchange does not offer direct copy trading or passive income options. In other words, it's impossible to earn profits passively on the Deribit platform.
List of Restricted Countries
Deribit has provided a complete and extensive list of restricted countries and regions on its website. Some of these countries include:
- Canada
- United States
- Japan
- Iran
- Iraq
- Russia
- Yemen
- Libya
Comparing Deribit with Other Cryptocurrency Exchanges
The most accurate way to assess the quality of services at Deribit is by comparing it to other cryptocurrency exchanges.
Parameters | Deribit Exchange | |||
Number of Assets | 30+ | 700+ | 2800+ | 400+ |
Maximum Leverage | 1:100 | 1:200 | 1:100 | 1:125 |
Minimum Deposit | 5 USD / 0.00001 BTC | $1 | Varies by Payment Method | $1 |
Spot Maker Fee | -0.01% | From 0.02% | From -0.005% | 0.02% - 0.1% |
Spot Taker Fee | 0.05% | From 0.02% | From 0.025% | 0.04% - 0.1% |
Mandatory KYC | Yes | Yes | Yes | Yes |
Futures Trading | Yes | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | No | No | No | Yes |
Staking | No | Yes | Yes | Yes |
Copy Trading | No | Yes | Yes | Yes |
Writer's Opinion and Conclusion
Deribit offers additional products such as a Testnet for practicing, a Position Builder for trade simulation, and more.
Users can contact the company's support team via 3 methods [live chat, ticket, email]. However, private chat is exclusively available for registered users.