Deribit Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Fixed trading fees (independent of trading volume), high leverage, different order types (including protective orders), and withdrawal fees are determined by the network
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Fixed trading fees (independent of trading volume), high leverage, different order types (including protective orders), and withdrawal fees are determined by the network
Our Evaluation of Deribit
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
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 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.
Brief Look at Deribit
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.
- 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.
- 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.
TU Expert Advice
Financial expert and analyst at Traders Union
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.
- 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.
- 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.
Deribit Summary
| 💻 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 |
| 💱 Commission: | 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 |
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.
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Commissions & Fees
| Account type | Commission (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 |
|---|---|---|
|
$1 | |
|
$20 | |
|
$0.1 |
Investment Options
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.
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.
User Satisfaction