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 by. 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 Crypto exchange operates by a set of certain 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, Verified. Almost all features of the platform require users to verify their identity.
Deribit Exchange Fees
This platform has set a certain fees 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 almost over 30 cryptocurrencies are available.
Futures and Margin Options
Actually, Deribit specializes in cryptocurrency derivatives trading, offering:
- Futures contracts
- Perpetual futures
- Options contracts
Key Features:
- Up to 100x leverage
- Portfolio margin capabilities
- Advanced order types
- Block trade functionality for large orders
Signing Up and Authorization on Deribit
This company lets users create an account by entering a username and an email. Deribit Registration Guide:
- Visit the main website and click "Create account";
- Provide an email address and choose a country of residence;
- Check the box agreeing to the mentioned texts;
- Write a username and create a strong password;
- Confirm the account via verification email.
Your account is created on the exchange. 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 crypto 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 may different security factors on their official website.
Deposit/Withdrawal Methods
Deribit does not accept any fiat deposits on its platform and offers a limited selection for payments. 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
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 services.
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 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
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.