Deribit Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Deribit trading signals. You will learn what kinds of trading signals Deribit offers and what the conditions for using them are.
Short introduction of 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.
| 💰 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 |
Deribit Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Deribit Trading Signals
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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Deribit does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
Are there fees charged for trading signals?
Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.
Can trading signals depend on the account type?
Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.