Deribit
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4.8
Unverified company
deribit.com
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A platform that provides users with favorable conditions for trading options as well as Bitcoin and Ethereum futures.
Cryptocurrency exchange
Website
Social media
Date of foundation
2016
Head Office
Stationsstraat 2, 3851 NH, Ermelo in the Netherlands
Types of support
Facebook
Twitter
Telegram
Languages
Russian, English, Korean, Chinese, Japanese, etc.
Founder
John Jansen
The owner of the company
Deribit B.V.
Manager
John Jansen
Exchange Commission
BTC futures: 0.05 % for taker / 0.00 % for maker
ETH futures/futures/term contract: 0.05 % for taker / 0.0 % for maker
BTC perpetual contract: 0.05 % for taker / 0.0 % for maker
BTC/ETH Options: 0.03 % for From the underlying asset or 0.0003 BTC/ETH per option contract 0.03 % for From the underlying asset or 0.0003 BTC/ETH per option contract
Terminals
Author's platform
Age restrictions
From 18 years
Number of cryptocurrencies
2
Number of trading instruments
3Futures, cryptocurrencies, options
Margin Trading
No
Leverage
To 1:10For futures only, credit up to 100x is available
Tokenized assets
No
Free Demo Account
Types of accounts
Execution of orders
Market Execution (at market price), Limit Orders, Stop Orders, Advanced
Methods of replenishment
Bitcoin, Ethereum
Withdrawal methods
Bitcoin, Ethereum
Account currencies
Cryptocurrency
Types of cryptocurrencies
Bitcoin, Ethereum
Mobile applications
Has mobile apps (iOS / Android)
Trader training
Tutorials, articles and background information, calculator
A way to store cryptocurrencies
Cold: yes
Hot: no
Fiat accounts
No
Scalping
No
Stop Loss and Take Profit Function
Yes
Exchangeability for fiat currencies
No
Terminal capabilities
Working with indicators, graphical tools, customizable new user interface v3 PRO, cryptocurrency swap, free access to market data IntoTheBlock
Analytics
History of the coin trade
Additional features
You can customize your trading platform
Basic verification
Yes
Extended AML verification
API
Affiliate Program
RegistrationUp to 20% commissions
Benefits
Loyal trading commissions and high leverage
Accessible information about the team, protection from hacking and hacker attacks
Training programs, industrial-grade APIs
Availability of a mobile app
Cold storage of cryptocurrency, a fund of daily settlements and insurance
The largest market for cryptocurrency options
Partnerships with liquidity providers
The most flexible subaccount model on the market
Disadvantages
Poor translation of the site into Russian
Inconvenient interface
Company requisites
Overall assessment
8.4/10
Date of update
27.04.2022

    Deribit is it a scam? Reviews and description

    16 December 2019


    Deribit - platform, which appeared on the financial market in 2016. It provides users with favorable conditions for trading options as well as Bitcoin and Etherium futures.

    In our review, we will analyze in more detail the opportunities offered by the project and find out if Deribit is a scam or a reliable exchange for cryptocurrency trading.

    Deribit is a scam? Reviews

     

    Why Deribit?

    Deribit - an exchange that appeared on the Internet in 2016. The site of the organization deribit.com has a multilingual interface, which indicates the orientation towards the international market. The main office of the project is located in Panama, where the company's activities are regulated. Although the project is not very well-known among users, it is gradually gaining popularity. The platform offers customers a wide range of trading options. Thus, users have access to both futures trading and options. Trading is done with a leverage of up to 1:10, and for futures, a credit of up to 100x is available. Clients also have the opportunity to trade on margin.

    Trading on the exchange deribit.com

    For beginners who do not have enough experience in trading, a demo account was developed. Thus, users have the opportunity to gain access to the functionality of the project without risking their own money, because trading is done using virtual money. Also on the site you can find an informative blog that contains useful articles and educational programs.

    Deribit cryptocurrency exchange

    The trading platform itself has a rather complicated and confusing interface. Even an experienced user will need extra time to understand the functionality of the project, not to mention newcomers. Also, the disadvantage is that although the site has a Russian-language interface, translation is done poorly, and in some sections there is no translation at all.

    Trading platform deribit.com

    The advantage is that on the trading platform itself many functions are available concerning account management. For example, a client can create several additional sub-accounts, set up cross-margin between accounts and get a full report on his trading statistics. Also in the upper right corner of the platform you can change the interface theme.

    Futures trading

    Like other exchanges, the company offers users "perpetual futures," which are regular contracts with no expiration date. The markets tend to change depending on the expiration date of the contract. You can navigate between trading options using the left-hand menu, and between Bitcoin and Etherium using the tabs at the top.

    Deribit futures trading

    Also available on the exchange are perpetual contracts and options trading. Four types of orders are available for futures instruments:

    • Limit. Placed with a predetermined cost. Terminated only when manually executed or deleted.
    • Market-based. Execution is immediate.
    • Stop Market. A market order, with which a stop loss is simultaneously set, is executed at the market price.
    • Stop Limit. Similar to the previous variant, but here a limit order with a stop is used.

    In order for users to have constant access to the trading floor, a mobile application was created. Thus, customers can log into their account 24/7. Both iOS and Android versions are available. Among the main advantages of the site are:

    • available information about the team;
    • loyal trade commissions;
    • large leverage;
    • training programs;
    • availability of a demo account;
    • mobile application;
    • cold storage cryptocurrencies.

     

    How to exchange cryptocurrency on the deribit.com platform?

    Due to the fact that there is no exchange for fiat money on the exchange, the user can use one of the proposed options:

    • transferring money from a cryptocurrency wallet to bank card with the help of third-party resources;
    • output via exchanger.

     

    Verification on the Deribit platform

    The company respects the anonymity of its users, so the site deribit.com there is no verification of accounts. Nevertheless, you need to set up the protection of your profile by enabling two-factor authentication after registration. This feature is disabled by default, so you must enable it yourself when you sign in. You can also activate the IP address locking in your account settings to ensure security. This means that if the user is logged in to the account from a different IP address when the user is logged in, the session will be terminated.

     

    Deposit and withdrawal

    To make a deposit, it is necessary to perform a few simple actions. It should be noted that the company does not provide the ability to deposit fiat money, so if the client has only fiat, you need to use the gateway for fiat currencies or exchange them yourself. To deposit cryptocurrency you need:

    • click the "Deposit" button in the upper right corner of the menu;
    • copy the address of the deposit to which the transfer will be made;
    • insert it in your wallet and make the transfer.

    Deposit and withdrawal of earnings deribit.com

    Withdrawal of earnings

    Withdrawal of earnings can also be made quickly:

    • you need to click on the "Output" button;
    • create a new wallet, give it a name and attach the address of the external wallet;
    • specify the amount to withdraw and withdraw funds.

    Note that although the site states that the withdrawal of funds is as fast as possible, in the application you can specify the priority on which will depend on the cost of commission.

    How to withdraw Deribit earnings

    Deribit Crypto Exchange Commission

    Like most exchanges, the company uses a "maker-taker" type model. Thus, traders who provide liquidity to the tumblers pay a lower commission, and sometimes even receive a discount. Takers, on the other hand, pay a higher percentage of commission.

    BTC perpetual contract

    • Rebate maker - - 0.01%.
    • The taker commission is 0.05%.

    BTC futures

    • The Rebate Maker is 0.0%.
    • The taker commission is 0.05%.

    ETH perpetual contract + futures

    • Rebate maker is 0.025%.
    • The taker commission is 0.075%.

    The commission can never be more than 12.5% of the option price. For example, if an option trades for 0.0001 BTC, the commission will be 0.0000125 BTC (instead of 0.0004 BTC), that is 12.5% from 0.0001 BTC. When trading options, the company sets a limit on commission. Thus, the commission cannot exceed 12.5% of the value of the option. The rule is valid for options "out of the money".

    Liquidation fees

    The service charges a commission for liquidation orders. Orders are executed on accounts where the margin has been exhausted. The main part of the fees goes to the insurance fund, which protects traders from socialization of losses. The amount of the liquidation fee is:

    • futures: 0.30% BTC and 0.90% ETH;
    • perpetual futures: 0.30% BTC and 0.90% ETH;
    • options: 0.15% VTS and 0.19% ETH.

    Deposit and withdrawal fees

    There is no fee for deposits, but there is a fee for withdrawals. The amount depends directly on the mining fee, which is currently charged by the network. The faster the user needs to make a withdrawal, the higher the fee is charged.

     

    Deribit Bonuses

    There are no active bonuses for customers at this time.

    Referral program

    Active users who want to earn passive income can take part in an affiliate program. Also as part of the program new users who have registered on the site deribit.com on a valid affiliate link, receive a 10% discount on bidding for the first six months. Referrers receive the following remuneration:

    • 20% commissions for the first 6 months after registration;
    • 10% commissions for the next 6 months after registration.

     

    Complaints about Deribit

    Since the exchange has been on the financial market since 2016, you can find a considerable number of reviews from customers on the Internet. In general, the company has a mixed reputation. From the positive aspects, customers note low commissions, a wide functionality of the platform and large leverage. From the negative aspects, users note the fact that deposits and withdrawals can be made in bitcoins and etherium, as well as the lack of fiat funds, inconvenient interface.

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    Regulation of the crypto exchange deribit.com

    The financial sphere is one of the most popular among fraudsters. To avoid falling for an unscrupulous project, you should carefully study the documentation provided on the site, as well as check the license. Let us consider in more detail how the project is regulated.

    Regulator

    It is known that the company is not regulated by any authority, and also does not have a license. Documentation of the project, as well as the location of the head office is publicly available to users.

    Documents from deribit.com:

    • Read the "Privacy Policy" on the Exchange website (See);
    • Read the "Rules of Service" on the Deribit exchange website (See).

    Deribit User Agreement

    The "User Agreement" is the main document of the project, with which each user should get acquainted before starting cooperation with the company. The agreement contains the basic information concerning the trade, as well as the responsibilities of both parties. It should be noted that the document is presented in Russian. Let's consider some points in details.

    The agreement indicates that trading in goods and products, whether real or virtual, and trading in virtual currencies involves significant risk. Prices can change on any day. Due to such price fluctuations, the client can increase or lose the value of assets at any time. Any currency may be subject to significant fluctuations in value and even depreciate completely. There is a serious risk that a loss will occur as a result of buying, selling or trading anything in the market.

    Bitcoin trading also carries special risks not associated with official currency or commodities in the marketplace. Unlike most currencies backed by governments or other legal entities, or commodities such as gold or silver, bitcoin is unique and secured by technology and trust. There is no central bank to take corrective action to protect the value of bitcoins in a crisis or to issue more currency.

    Risks of trading cryptocurrency deribit.com

    Since the platform trades derivatives, there is also additional counterparty risk. In extreme market conditions Deribit may decide to partially or completely close winning positions in order to be able to close losing ones. Derivatives are settled every day in 24-hour sessions. If bankruptcies during the session deplete the insurance fund, any further losses will be covered by the traders' profits: the costs will be divided proportionally among all traders at the expense of their profits earned on the platform. It is worth noting that the company did not allow the insurance fund to be depleted in March 2020 at the expense of the infusion of its own funds. In this case, all traders who won during the session will be taxed a percentage of their income to cover the bankruptcy of other traders.

    Closing positions deribit.com

    The company will provide market data to facilitate the user's use of the site, but makes no guarantee as to the timing, consistency, accuracy or completeness of the market data. The user accepts the fact that Deribit is not responsible for any inaccuracies, errors, delays or omissions resulting from the user's use of this market data.

    Also, the organizer makes no guarantees that the site will run smoothly and without errors. Thus, the operation and availability of the platform may be unpredictable, and the platform itself may be unavailable from time to time. The company is not responsible for any such interference which prevents access to or use of the site and services.

    About Deribit Guarantees

    Although there is no verification on the project as such, the organization reserves the right to check the personal data of the client at any time. However, the exchange has recently introduced a KYC system. Also, the organizer can impose certain trading restrictions, as long as the user does not provide additional personal information about himself and his transactions. By engaging in activity on the website, the customer agrees to assist in this process and will provide documents and information that the organizer may require.

    Deribit exchange rules

    The Company has the right to restrict the trading activity of any account if it deems it necessary due to suspicion of any trading activity that violates any of the rules specified or implied in these terms. Such measures may result in the cancellation of trades. Deribit shall not be liable for any losses incurred due to restriction of trading, cancellation or early closure of trades due to an alleged violation of these terms and conditions.

    During the investigation of actions in the account, no transactions, deposits or withdrawals are allowed. At the end of this investigation, the company has the right to close the account without any further explanation. If the organizer decides to close the account, the user will be notified seven days in advance. Thus, the client will have 7 days to close the remaining positions. If he does not close his positions after 7 days, Deribit will take immediate action to close the positions and return any remaining bitcoins to the specified address.

    Restriction of deribit.com account activity

    In no event shall the organization, its suppliers or licensors be liable under any subject matter of this agreement for any contract, negligence, strict liability, any other legal standard or principle of equity for:

    • any special, incidental or consequential damages;
    • costs associated with the purchase or replacement of any goods and services;
    • discontinuance of use, loss or corruption of data;
    • any amount in excess of the fees paid by the client to Deribit under this agreement during the twelve months prior to the occurrence of the cause of action.

    The Company shall not be liable for any failure or delay due to events beyond reason.

    About Deribit Responsibility

    The organizer reserves the right to change, add or delete parts of these terms and conditions at any time at its sole discretion. It is the customer's responsibility to review the amended terms and conditions. If he/she continues to use the website, it means that you accept and agree to the changes and that all subsequent transactions made by you will be governed by the amended terms.

    Terms and Conditions of deribit.com

    Customer Service at deribit.com

    You can contact the support team via e-mail: [email protected] There is also a separate section on the site, where the client can find answers to the most popular questions. You can also contact the exchange administration via social networks and Telegram channels:

    • t.me/deribit.
    • t.me/ru_deribit.
    • t.me/Deribit_Spanish.
    • t.me/ko_deribit.
    • t.me/deribit_taiwan.
    • t.me/cn_Deribit.

    Questions and answers deribit.com

     

    Is Deribit a scam?

    Deribit - cryptocurrency exchange, which appeared on the financial market in 2016. During this period of time, the project has not managed to gain wide popularity, but has already gained its audience (How to make money on cryptocurrency?). The interface of the site is presented in seven languages, which indicates that the exchange is working for the international market. The main office of the company is located in the Netherlands, from where the organization is regulated.

    The service provides users with favorable conditions for trading. The platform offers clients access to both futures and options trading. Leverage of up to 1:10 is provided for trading, and a limit of up to 100x is available for futures. Also, users have the option to trade on margin. The interface of the trading platform leaves much to be desired, as it is quite complex even for experienced traders.

    The company provides an opportunity for active traders to earn passive income. Thus, users can participate in an affiliate program and attract new participants to the project. For traders to have constant access to the trading platform, a mobile application was developed. Thus, a version for iOS and Android systems is available.

    The project has been operating since 2016, so on the Internet you can find many reviews from customers. In general, the exchange has a rather ambiguous reputation. There are positive comments from satisfied customers, as well as negative ones. After a detailed study of the opportunities implemented by the platform, can we conclude that Deribit - a scam and fraud? No, because the company has been successfully providing its services for three years for users around the world.

     

    Conclusion

    Project Deribit is not popular, but it continues to gradually develop and gain an audience. The interface of the site is presented in several languages at once, which indicates the orientation of the company towards the international financial market. Although the organization tries to provide its clients with the most comfortable and favorable conditions, the convenience and comfort of the site leaves much to be desired and looks underdeveloped. Also, customers should soberly assess the possible risks of trading and familiarize themselves with the rules of cooperation before registering with the project. Now the platform looks competitive, but there is room for improvement. If you have cooperated with the service, leave your impressions about the company's work on our website to form an independent rating of cryptocurrency exchanges.

    Exchange Commission
    80%
    Transaction speed
    100%
    Reliability
    100%
    Technical support
    100%
    4.8

    Отзывы

    • Deribit is one of the few young...

      Deribit is one of the few young cryptocurrency exchanges that we did not find any complaints about on the Internet. According to traders’ reviews, we understood that they have no problems with withdrawals and payments. Among the advantages of the platform, users highlight insurance and quick account creation. However, keep in mind that Deribit only accepts bitcoins, and many newcomers talk about the complicated functionality. If you are just going to register on the platform, carefully study the functionality of the site, familiarize yourself with the rules of work and only after that start working. If you are already registered at Deribit and you succeeded in working with the service, write your feedback on our website, so other users can make sure that Deribit is not a scam.

      Reply to this review
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