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Deribit.com Exchange Review: It Is Legit & Secure Exchange

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About Deribit.com

Deribit.com is an answer to those searching for a professional grade cryptocurrency derivatives platform. The goal was to create an efficient and fair marketplace that could connect traders of all backgrounds and trading styles. High matching engine capacity, low latency, advanced risk management, and high liquidity makes Deribit a unique player in the market.

Deribit started with the ambition of creating the first cryptocurrency options exchange in the world. Even though it was a highly challenging task, in slightly more than two years, the team finished working on system development. In June of 2016, Deribit was officially launched.

Deribit Exchange is a cryptocurrency futures and options exchange, with its headquarters located in Panama City, Panama. Deribit started as a fully dedicated BTC trading platform, however, since then, ETH contracts have been added, and more currency contracts will come.

Currently, the customers can trade perpetual, futures, and options contracts. Deribit is growing rapidly and is among the top exchanges providing crypto futures and perpetual contract trading. Furthermore, Deribit remains the leading exchange offering European style cash-settled crypto options and continues to set the standard for the industry.

Institutional grade cryptocurrency derivatives platform leading the crypto options market. High matching engine capacity, low latency, advanced risk management, and high liquidity make Deribit a unique industry player.

Basic Information

ExchangeDetails
Exchange NameDeribit Exchange
Exchange TypeCryptocurrency
Withdraw FeeDepends on the current state of the Bitcoin network
Deposit FeeFree
Maker Fee0.01%
Taker Fee0.05%
Maker Fee24/7
Top CountryIndia
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Fees

Deribit.com has a maker-taker fee model. This means that orders providing liquidity could have different fees versus orders that take liquidity. Fees vary per product and are calculated as a percentage of the underlying asset of the contract.
Maker and Taker Orders
MakerA “maker” order is an order that adds liquidity to the order book. A maker order is not executed instantly, rather it is placed in the order book.
TakerA “taker” order is an order that removes liquidity from the order book. A taker order is an order that is executed instantly against other orders upon submission to the exchange.
ContractsMaker FeeTaker Fee
BTC Weekly Futures-0.01% (rebate)0.05%
BTC Futures/Perpetual0.00%0.05%
ETH Futures/Perpetual0.00%0.05%
BTC/ETH Options0.03% of the underlying or 0.0003 BTC/ETH per options contract0.03% of the underlying or 0.0003 BTC/ETH per options contract
Please note: Options fees can never be higher than 12.5% of the options price. For example, if an option is traded at 0.0001 BTC, the taker fee will be 0.0000125 BTC (instead of 0.0003 BTC), therefore 12.5% of 0.0001 BTC.
Delivery (Settlement at Expiry)
Futures and options deliveries are charged an additional fee. The weekly futures and daily options are exempt from delivery fees.
BTC Weekly Futures0%
Futures0.025%
Daily options0%
Options0.015% – this fee can never be higher than 12.5% of the option’s value.
Liquidation Fees
Liquidations are charged an additional fee. Fees are increased by a percentage of the underlying contract size. The additional fee of the liquidation is automatically added to the insurance fund.
BTC Perpetual & Futures0.5%, (0.5% for maker orders and 0.45% for taker orders will be added to the insurance fund)
ETH Perpetual & Futures0.9%, (0.9% for maker orders and 0.85% for taker orders will be added to the insurance fund)
Options0.19% of the underlying asset or 0.0019 BTC per options contract, 0.16% of the underlying asset, or 0.0016 BTC per contract is added to the insurance fund.
Deposits and Withdrawals
Bitcoin deposits are credited after 1 confirmation on the network. Deribit.com do not charge fees for deposits. Withdrawals are processed instantly if the balance in hot wallet permits so. They keep only a small percentage of coins in hot storage, therefore there is a chance that your withdrawal cannot be processed immediately. If needed, once a day they will replenish the balance of the hot wallet from the cold storage.
Withdrawal FeesDepends on the current state of the Bitcoin network
Deposit FeesFree

Values

Deribit Exchange are one of the fastest-growing crypto trading platforms in the world, and they believe that core values are the drivers for this success.

Integrity

Trust of users is essential; therefore, they conduct business with the highest standard of integrity by providing a fair risk management system, equal treatment of all market participants, and advanced security solutions.

Quality of Service

Crypto trading is a borderless, 24/7 process, in which quality of service cannot be compromised. Customers are our most significant value; therefore, goal is to provide an uninterrupted and smooth trading experience. Deribit.com aim to achieve this by continuously scaling and advancing our system architecture, minimizing maintenance times, and providing prompt and multilingual customer service.  

Innovation

In the fast-paced crypto environment, innovation is a must. Deribit is a solution-driven company that aims to provide the best trading experience to millions of users, with this ambition rooted in our scalable and high-performance system architecture.

Why Derivatives?

There are many advantages of trading derivatives – lower trading fees, increased leverage, higher liquidity, and easier shorting.

Derivatives trading also allows for more diverse trading strategies. Traders can use derivatives for hedging the risk, arbitrage, or speculative trading.

Technology

Deribit.com secure a high-performing system, it was in development for more than two years before going live.

The framework of the platform was developed to assure the ability to handle vast numbers of requests with low latency. They developed a unique matching engine specifically for Deribit, and all of technology is proprietary.

The incremental liquidation and risk management system have warranted zero instances of socialized losses since launch.

At Deribit Exchange ,believe in the future of cryptocurrencies. It is goal to continue to be at the forefront of the cryptocurrency derivatives market. They envision a future where cryptocurrencies are used by everyone and traded by millions. They are ready for the future, and so is system.

Deribit Exchange Review

5.9

CURRENCY VERITY

6.0/10

REPUTATION

5.5/10

CUSTOMER FEEDBACK

5.0/10

CUSTOMER SUPPORT

7.0/10

DESIGN

6.0/10

Pros

  • Reliable and Lightning Fast
  • Market Maker Protection

Cons

  • No Live Support
  • High Fees
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