20,0%
Top 3
10,0%
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7,0%
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5,0%
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1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Deribit Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Trading features:
- Fixed trading fees (independent of trading volume), high leverage, different order types (including protective orders), and withdrawal fees are determined by the network
Summary of Deribit Crypto Exchange
Deribit is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.02 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Deribit clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. Deribit ranks 130 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
Deribit is an easy-to-learn cryptocurrency exchange that allows you to trade futures and options on favorable terms. No fiats, only BTC and the most popular altcoins. The platform has a multi-level protection system, and it is fast and reliable. The trading commissions are quite attractive. There are no additional withdrawal fees, just standard network fees.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
The Deribit cryptocurrency exchange was launched in 2016. The platform offers futures and options trading; BTC (₿), ETH (Ξ), USDC (₮), SOL, XRP, LUNA, and AVAX are also available. There are limit, market, stop loss and take profit orders. The maximum leverage is 50x. Trading is made through the TradingView browser terminal, there is a mobile application for iOS and Android. Commissions are fixed, below average is 0.03% for an option contract For perpetual futures commissions are 0.00 / 0.05% for maker and taker, respectively. The platform has not implemented passive income opportunities, except for its bug bounty program, according to which you can get a one-time bonus for finding errors in the platform operations.
| 💰 Account currency: | BTC, ETH, USDC, SOL, XRP, LUNA, AVAX |
|---|---|
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | Up to 1:50 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Deribit:
- simple and functional TradingView terminal with integrated technical analysis tools;
- the platform is active 24/7 and is characterized by a high speed, impeccable level of optimization;
- commission fees are below the average for the market, and do not depend on the trading volume of the trader;
- you can trade with leverage up to 50x, different types of orders are available, and stop loss and take profit orders are possible;
- the exchange has two-factor authentication, and 99% of user funds are stored in a cold wallet;
- deposits and withdrawals of cryptocurrencies traded on the stock exchange is available using various types of electronic wallets;
- The Deribit exchange website has a FAQs section and an extensive article explaining the basic mechanisms of cryptocurrency trading.
👎 Disadvantages of Deribit:
- the functionality of the exchange is exclusively for active trading, the platform does not offer passive income options;
- all trading options are limited to the following assets: BTC, ETH, USDC, SOL, XRP, LUNA, AVAX, and no fiats;
- the company does not have a call center, and communication is only by email and through the official Telegram chat.
Evaluation of the most influential parameters of Deribit
Trade with this broker, if:
- You're interested in high leverage trading on Bitcoin (BTC) and Ethereum (ETH) products. Deribit offers access to high leverage, allowing traders to amplify their exposure and potentially increase profits.
- You value a sophisticated and feature-rich trading terminal. Deribit's platform caters to both beginners and experienced traders, providing advanced strategy tools and a seamless trading experience.
Do not trade with this broker, if:
- You require a broader range of cryptocurrency pairs beyond BTC and ETH contracts. Deribit primarily focuses on BTC and ETH products, which may limit your trading options if you're seeking exposure to other cryptocurrencies.
Geographic Distribution of Deribit Traders
Popularity in
16%
BR
10.4%
HK
10.3%
BG
10%
IN
6.9%
ES
6.2%
AU
5.5%
US
5.3%
NO
5.2%
TH
44.2%
Others
User Satisfaction i
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Expert Review of Deribit
The Deribit cryptocurrency exchange is exceptionally convenient for beginners and experienced traders. It uses the TradingView web terminal with standard functionality, which includes basic technical analysis tools, including dozens of indicators.
The key feature of the platform is that it has only futures and options. There are limit and market orders, and six basic types of market actions. Stop loss, take profit, and other orders connected to risk management are available.
Most traders are attracted by low fees that do not depend on trading volumes, which is not typical for cryptocurrency exchanges. That is, a beginner receives at the start the same commissions as a user who has been trading at the platform for several years. On top of that, the “minus” commission of -0.01% is available to the maker for weekly futures.
The operation of the platform is transparent, trading data is open. Take into account that the Deribit exchange is not subject to any external regulator (this is true for all crypto exchanges). It has its own insurance fund. The protection system is classified as fully meeting modern standards.
As a result, the exchange can be recommended for cooperation of traders of all levels, as on the whole, it offers favorable trading conditions. Special advantages in the form of rebates are given to users who have registered through the Traders Union.
Latest Deribit News
20.04.2023
Exchange Deribit announced that it will launch zero-fee spot trading on April 24, allowing clients to buy and sell assets while managing risk with
18.03.2023
Deribit, a cryptocurrency exchange, intends to implement trading in bitcoin volatility futures contracts.Deribit will be the first platform to offer such a
Dynamics of Deribit’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Deribit exchange does not have specialized investment solutions. Traders can only earn by actively trading futures and options. However, many consider cryptocurrency assets as an investment per se. The platform allows you to store BTC, ETH, USDC, SOL, XRP, LUNA, AVAX in any amount on your own wallet. Assets can be transferred to another wallet at any time, there are no restrictions on transfers.
Maker/Taker | The essence and mechanism of investment
Like at any other crypto exchange, Deribit traders are represented by two groups - makers and takers. Orders by makers are not executed immediately, they are placed in the order book. Orders by takers are executed instantly, they take liquidity. Commissions for makers will naturally be more attractive: for weekly futures, it is -0.01%; for perpetual futures, it is -0.00%. For a taker, these same fees are 0.05%. The Deribit feature is that there is no volume discount on the commission, as happens on some other platforms. They do not depend on the activity of the trader.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Deribit’s affiliate program
The Deribit crypto exchange does not offer its traders bonuses for inviting other users to the platform. Benefits can only be obtained by corporate clients. The exchange provides them with a wide range of specialized solutions, including trading software, signal providers, custodial providers, hosting, and connections.
Trading Conditions for Deribit Users
The experts estimate Deribit's fees as one of the lowest in the market. However, commission fees are not the only characteristic of a crypto exchange that must be considered when choosing a platform. Other criteria are: trading platform, minimum deposit, available deposit and withdrawal channels, etc. The main indicators of Deribit are shown in the table below.
$1
Minimum
deposit
1:50
Leverage
24/7
Support
| 💻 Trading platform: | TradingView web terminal |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | BTC, ETH, USDC, SOL, XRP, LUNA, AVAX |
| 💵 Replenishment / Withdrawal: | Any electronic wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | Up to 1:50 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | Fixed trading fees (independent of trading volume), high leverage, different order types (including protective orders), and withdrawal fees are determined by the network |
| 🎁 Contests and bonuses: | Bug Bounty and bonuses from the Traders Union |
Broker comparison table of trading instruments
| Deribit | Bybit | OKX | XT.com | BitGet | Phemex | |
| Forex | No | No | No | No | No | No |
| Metalls | No | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | No |
| Indexes | No | No | No | No | No | No |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
Deribit Commissions & Fees
Information
Commissions for weekly futures are -0.01% for the maker and 0.05% for the taker. For perpetual futures, it is 0.00/0.05% for maker/taker, respectively. For options, either 0.03% of the base or 0.0003 BTC/ETH for each contract, but the total commission cannot exceed 12.5% of the option value. An additional commission of 0.025% is charged for the delivery of futures. Weekly futures and daily options are exempt from this commission. There are also liquidation fees for BTC (0.50/0.45% for maker/taker) and ETH (0.90/0.85% for maker/taker), respectively.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From $1 | Yes |
The platform does not charge for withdrawing funds. They are determined only by network workload, there are no additional fees. Since the exchange stores part of the funds in a hot wallet and replenishes it every day, users withdraw funds instantly.
| Broker | Average commission | Level |
| Deribit | $1 | Medium |
| Bybit | $20 | High |
| Bitfinex | $0.1 | Low |
Contacts
| Foundation date | 2016 |
| Registration address | Netherlands, Ermelo, Stationsstraat 2B, 3851NH |
| Official site | https://www.deribit.com/ |
| Contacts |
Email:
dev@deribit.com,
|
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FAQs
Do reviews by traders influence the Deribit rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Deribit you need to go to the broker's profile.
How to leave a review about Deribit on the Traders Union website?
To leave a review about Deribit, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Deribit on a non-Traders Union client?
Anyone can leave feedback about Deribit on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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