Deribit Fees and Minimum Deposit - TU Expert review
After considering a crypto exchange’s security, examining its fees is the next crucial step. Lower fees translate to higher potential profits. Newcomers to crypto trading may also want to consider the minimum deposit required to start trading, as they might prefer to begin with a smaller investment.
Traders Union analysts have assessed Deribit fees and minimum deposit requirements to help prospective crypto traders make informed decisions.
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.
👍 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.
Deribit Commissions and Fees
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 |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Crypto market:
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Spread – the difference between the buy and the sell price of an asset.
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Commission per lot.
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Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Why is it important to consider the minimum deposit at a cryptocurrency exchange?
Accessibility: The minimum deposit helps traders determine if they can afford to start trading on an exchange.
Risk Management: Exchange-set minimum deposits ensure traders have sufficient funds to cover potential losses and fees, preventing financial overextension.
Platform Suitability: The minimum deposit amount can be an indicator of the exchange’s target audience and trading volume, aiding traders in selecting a platform aligned with their goals.
Cost Considerations: Assessing minimum deposit requirements helps traders account for trading expenses.
Are the fees and minimum deposit requirements at Deribit suitable for beginners?
Analysis of Deribit shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Why do some brokers set a high minimum deposit?
Many companies with high minimum deposits are focused on working with professional traders with experience and large capital. Therefore, they set a high entry threshold.
Can you reduce the fees?
As a rule, the fees depend on the trading account type. Also, companies may have special offers.
Can you cover the fees with bonuses?
Yes, it is possible. Some brokers offer a welcome or deposit bonus that can be used to cover the fees.
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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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.