Welcome to our Deribit review for 2022 covering the best crypto options trading platform.
In addition, Deribit crypto exchanges offers crypto perpetual and futures trading to very low fees.
No Financial Advice, Information only. Do your own research.
Cryptocurrencies are high-risk investments.
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What is Deribit Crypto Exchange?
Deribit is a crypto derivatives trading site based in the Netherlands, Amsterdam. . The exchange launched in 2016, is registered as Deribit B.V., and retains an address at Stationsstraat 2 B, 3851 NH, Ermelo, The Netherlands.
Deribit is a top crypto derivative trading exchange offering futures, perpetual swaps, and options on Bitcoin and Ethereum.
The crypto exchange is the most popular crypto options trading site in the market.
Also, it holds the majority of the crypto option trading liquidity.
Deribit Exchange Features
Deribit Crypto Options Trading
Deribit crypto exchange offers European Vanilla Style crypto options trading. These exercise automatically if they expire in the money.
Deribit is the number one crypto options trading platform and holds the majority of the crypto options trading liquidity in overall markets. As you can see in the screenshot below, Deribit claims to have 97% ETH market share, 90% BTC market share, and 100% Solana market share of all options available.
Since there are Solana SOL options listed on other exchanges (Delta Exchange) you have to take these numbers as an indicator rather than the absolute true.
What is the minimum order size for options?
Currently 0.1 bitcoin or 1 ethereum.
Deribit charges very low trading fees for crypto options and crypto futures.
|Contracts||Maker Fee||Taker Fee|
|BTC Weekly Futures||-0.01% (rebate)||0.05%|
|BTC/ETH Options||0.03% of the underlying or 0.0003 BTC/ETH per options contract||0.03% of the underlying or 0.0003 BTC/ETH per options contract|
|Please note: Options fees can never be higher than 12.5% of the options price. For example, if an option is traded at 0.0001 BTC, the taker fee will be 0.0000125 BTC (instead of 0.0003 BTC), therefore 12.5% of 0.0001 BTC.|
Deribit Security Review - Is it legit and safe?
Deribit is the brand under DRB Panama Inc, a corporation incorporated under the laws of the Republic of Panama, registered at the (Mercantile) Record No 155684990, Panama City, Republic of Panama.
Deribit keeps more than 99% of our customer deposits in cold storage. The majority of funds are stored in vaults with multiple bank safes.
Still, crypto derivatives entail high financial trading risk and there is additional counterparty risk because Deribit’s are derivative contracts.
Is Deribit Regulated?
Deribit crypto exchange is not regulated by any international financial regulatory authorities.
Deribit Account KYC and Verification
To create an account and make the KYC verification process, you should
- Go to Deribit and signup to create an account
- Register your email address, password, and country of residence in order to open your trading accounts.
- After this, there is a process of ID and KYC verification.
Deribit has KYC requirements for all new customers who need t provide the following information:
Personal details (full name, residential address details, country of residence, date of birth)
Identification document (passport, driver’s license, ID card)
Liveness check (camera required) NEW
Proof of residence (bank statement, utility bill, credit card statement, document local authorities, tax bill)
Additional information or documentation can be requested at the discretion of our Compliance team.
Deribit Pros And Cons
- Great liquidity for crypto option trading
- 100x leveraged Bitcoin BTC futures
- 50x leveraged Ethereum ETH futures
- 10x leveraged options for trading for BTC.
- Not legal in the USA, Canada, and Japan.
- Only derivative trading (No spot trading)
- No fiat account (It’s possible to buy crypto via a third party but this usually means high fees)
- Not regulated