Deribit
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Deribit Commissions


Crypto Exchange Deribit (go online) specializes in derivatives trading cryptocurrencies. Depositing funds, trading and withdrawal are possible only after verification of the account. A commission is charged for all trading operations. There are no charges for depositing funds. A fee is charged for the liquidation of a position.

Trader’s fees

Charges for trade transactions differ depending on whether the user is a taker or maker. Recall that a taker is a buyer or seller who places orders to be executed immediately. A maker places orders for execution in the future. Most users refer to takers and mostly their actions determine the trend direction and market dynamics in general. But they are quick to pick liquidity from the stock market, so in most cases at all crypto exchanges The commission from them is higher than that from the makers, so the exchange is trying to compensate for the speed at which the liquidity is selected from the cup.

Maker is a trader who creates liquidity on the exchange by placing pending orders at prices above or below the market. They determine the stability of the trading platform, form a price corridor, provide a constant flow of assets. Trading platforms are interested in attracting makers, so the commissions charged to them can be zero or even negative (the exchange pays extra).

Top 5 best cryptocurrency exchanges

Exchange Bonuses Registration
1

Until 4000 USD

Registration Bonus
2

Until 10000 USD

Welcome Bonus
3

2 USDT

Welcome Bonus
4

1000 USDT

Bonus for futures trading
5

0%

Fee for withdrawal to bank card

Thus, if the user is trying to buy an asset at a price below the current price or sell at a price above the current one, he is a maker, his orders are in the cup for some time. If the user buys an asset at the offered price or above the market, or sells at the current price or below the market, he is a taker, his orders do not stay in the stack.

The same principle applies on Deribit. A taker is charged when an order is opened at market value, and a maker is charged when a “Post Only” order is placed, that is, a limit order. Generally, when trading futures, a discount is offered for the maker on the amount of placement, from 0.02 to 0.025%, and from 0.05 to 0.075% is deducted from those who choose liquidity. On weekly futures Bitcoin and Ethereum 0.01% discount is valid for makers and 0.05% discount for takers. For trading in BTC, ETH and USDC and open-ended contracts, there is only a 0.05% deduction from the taker. When trading open-ended futures contracts, makers receive a 0.025% discount and the ticker is charged 0.05%.

When trading options, 0.03% of the underlying or 0.0003 BTC/ETH per option contract is deducted from bidders. The commission cannot be higher than 12.5% of the option value, the highest fees are imposed on the most inexpensive “out of the money” options. Also the platform deducts in its favor a certain amount for delivery (settlement) on execution of futures and options, i.e. at the moment when the contract expires. At the same time weekly futures and daily options are exempt from this fee. Bitcoin and ether futures are charged 0.025% on delivery on expiry, options on the same cryptocurrencies are charged 0.015% (in other cases no more than 12.5%).

Liquidation

Liquidation is a compulsory closing of the order on an exchange. Carried out by the trading platform, when the user can not fulfill his obligations under the contract due to lack of funds. It happens, and often, if the trader made a mistake in the calculations or overestimated the size of his deposit to secure a particular transaction or, more often, traded with too much leverage (borrowed funds). Nevertheless, Deribit charges an additional commission from the user who placed the position for liquidation, and its amount is increased by a certain percentage of the executed contract.

When liquidating positions of BTC and USDC futures and perpetual contracts, 0.5% from the maker and 0.45% from the ticker are deducted from the trader’s order. In the case of options on the same cryptocurrencies, 0.19% (in bitcoins) is deducted. The deduction for liquidating futures positions in ethereums is 0.9% from the maker and 0.85% from the taker. When liquidating positions in options, the trader gives 0.19%. Most of the liquidation deductions are credited to the Deribit insurance fund. Funds in the fund allow traders to withdraw unrealized profits on contracts, protecting them from the risk of total bankruptcy.

Deposit and withdrawal fees

Deribit does not charge the user anything for depositing, but when making a transaction, one should not forget to take into account the fees charged by the platforms from which the funds are credited to the exchange. Deribit takes a certain fee for withdrawal of funds, which depends on what commission the user sets when withdrawing the cryptocurrency. It should be taken into account that too small commissions slow down transactions, sometimes by an hour or more.

But adequate or large commission is not a guarantee of fast withdrawal execution. If the network of a certain cryptocurrency is loaded, the withdrawal may be delayed. The problem is complicated by the fact that Deribit platform, according to its own information, keeps some money on the “hot wallet”, that is on the capacity of the exchange itself. This wallet is replenished only once a day. Therefore, congestion in the network is not uncommon, withdrawals are delayed.

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