How to trade with Deribit?

Switching to trading terminals Deribit is made through the “Deal” section in the drop-down menu, which is activated by clicking on the icon next to the company name in the upper left corner of the site deribit.com. Trading on crypto exchange Deribit derivatives are available only after verification of the account. In addition, it is necessary to pass theoretical training on trading cryptocurrencies and derivatives and, at least, training in the demo mode. But optimally, the user should have practical trading experience.

Futures

The first terminal “Futures”, at the top of it there is information about the dynamics of the price and capitalization of bitcoin over the past day. Above the price chart is the financial report of the user’s account, which allows you to navigate when placing sell and buy orders.

The price dynamics chart is located in the center of the terminal. In its upper part you can change the timeframe, select the type of chart display, technical analysis indicators. To the right of the terminal is “Recent trades” (history of trades), and on the left “Order book”, in which the user’s rate will be displayed as soon as he places an order. “Order Form” on the left side of the site is a service for buying/selling cryptocurrencies.

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It is possible to place limit or market orders. The “Market” function is supplemented by a drop-down menu, where you can select an order according to certain parameters. Technically, the functionality of buying and selling orders of different types differs little. When placing an order, you need to specify the amount of the traded asset, the price and additional information depending on the type of order (time, limits, triggers, etc.).

Under service buying/selling cryptoassets there is detailed information about the realized contract. With it it is necessary to familiarize before finishing the transaction, clicking on the button “Buy” or “Sell”. Information about all orders can be viewed under the price chart. This section can be customized by the trader according to his goals, the settings icon is located in the right corner of this section.

Options

Next, from the “Deal” section, you can go to the options trading terminal. The service is a table, which shows in detail the parameters of Call options, on the left side and Put options on the right side. You can select any option to place an order, until December 2022. The order history can be viewed below the table.

The buy/sell order placement service is activated by double-clicking on any of the selected options.

In the service, the user specifies the amount of the traded asset, the price limit and additional transaction conditions, depending on whether the user chooses the simplified or ordinary order form. Detailed information about the contract can be viewed under the “Buy” and “Sell” buttons. To the right of the service there is a book of orders and history of deals in the form of a list or graph.

Package deals

Batch (block) trades are a type of trading specific to Deribit. Block trades are private transactions with futures, options or a combination of these. The minimum size for this type of transaction is 25 options contracts or $200,000 for futures/term contracts, 250 options contracts or $100,000 for futures/term contracts. Block trading is possible in the platform’s own service, via a Telegram request, using third-party solutions and via API.

Block trading is a time-consuming method of trading, its features should be studied in the section “Block trading” (path: navigation bar – “More” – “Knowledge base” – “Trading Information” – “Block trading”). Service of block trades is partially translated from English, you should work in it very carefully and only after you really serious experience of trading.

Swapping

The “Swap” subsection in the “Funds” section is essentially a simplified method of trading. It allows exchanging cryptocurrencies and tokens at a predetermined rate in an online account. The exchange scheme is very simple: you deposit the desired amount, taking into account exchange restrictions (maximum and minimum amount, calculated automatically) and click “Swap”. Swap history is on the right. On the Deribit exchange it is recommended to swap only the available excess margin.

Analytics

The Deribit navigation menu contains a “Data” section, with analytical information that allows you to predict the price movement. In the Deribit Indexes section, bitcoin indexes are shown, switching to other crypto can be done in the top information panel. Indices can be viewed for a period of one hour to changes throughout the entire trading history. Information can be downloaded in CSV form.

You can also view the volatility index, which can be important when trading cryptocurrency derivatives. The index tracking period is selected from the calendar on the right side of the service. The “Historical Volatility” section represents the 15-day year-over-year fluctuations in the price of the selected asset. The “Funding Rate”, “Market Data”, “Options Data” and “Indicators” subsections are useful for trading as additional analytical information.