Deribit Exchange Review

Deribit Bitcoin Futures & Options Trading Platform

An independent review of the Deribit exchange platform


Pros

✓ User friendly

✓ Allows anonymous accounts

✓ Good security

✓ Fast trading - no lag

✓ Low fees

✓ 10% off trading fees* (use this link)

Cons

✗ Bitcoin only

✗ Lower liquidity than other sites (improving)


Features

Supported Countries: Worldwide

Mobile App: Yes (IOS)

Demo Mode: Yes

Leverage: Up to 100x

Trading Fees: 0.02% (maker, futures), 0.05% (taker, futures), 0.04% or 0.0004 BTC (options, without passing 20% of the total value)

Withdrawal Fees: Dependent on network + option to change priority (great feature)

Security Features: 2FA, HTTPS/SSL, email notifications

Order Types: Limit, Stop Limit, Post Only and Hidden

Maximum Withdrawal: No maximum

Minimum Deposit: 0.001 BTC


About Deribit

Deribit was founded in March 2015 by John Jansen, and started operating in June 2016. Deribit is a CFD (contract for difference) trading platform. Learn more about CFDs here.

The CFDs on Deribit comprise of Futures and Options.

What are Futures and Options?

Futures:Futures are an agreement to buy or sell an asset on a specific future date at a specific price.’

Options: ‘Options are contracts which give the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price prior to or on a specified date, depending on the form of the option.’

Simply speaking, Deribit allows you to trade Bitcoin contracts without actually buying real Bitcoin on the platform, allowing users to leverage their capital.

Deribit is purely funded by Bitcoin, you cannot deposit ‘Fiat’ (USD/EUR/GBP) on the platform, you can only deposit Bitcoin to trade.

What Deribit users have to say

“Good - Easy, fast, nice UI, good execution. Bad - API development, 0 proof like public key/audit/regulation to trust the exchange”

“Best api, no overload errors, 100x leverage and actual bitcoin options”

“It's a great exchange”

“Much faster than BitMEX”


Sources: Cointelegraph, Wikipedia
* For 6 months when signing up using our affiliate link, subject to the Deribit terms and conditions