Deribit App Review

Deribit is a cryptocurrency derivatives exchange which launched mid 2016. The CEO of Deribit is Bitcoin enthusiast John Jansen. The exchange offers perpetual and future contracts on Bitcoin & Ethereum on a secure, ultra-low latency trading system. It is well known that Deribit is a main competitor to BitMEX, another world-leading derivatives exchange with 2 more years experience under the belt.

General Information
AppDeribit
Website URLderibit.com
Founded2016
IntrumentsCrypto
HeadquartersAmsterdam
LanguagesEnglish, Chinese, Japanese, Korean, Spanish, Russian, Turkish
Trading PlatformsWeb & Mobile Apps
Minimum Deposit0 BTC
Maximum Leverage100x
Demo AccountYes
RegulatedNo
Pros & Cons
ProsCons
  • Up to 100x Leverage
  • Low Fees
  • Fast Execution
  • High Uptime
  • Transparent Company
  • Less History than Other Exchanges

The main difference between Deribit and other crypto derivatives exchanges is the mobile app. It’s slick, easy to use and is one of the only cryptocurrency derivatives apps in the world.

Deribit.com

Features

Fast Execution

Deribit’s unique matching engine ensures lightning speed executions at any time of the day – this is really important since the cryptocurrency market is open 24/7.

Deribit Perpetual Guide

Comprehensive Orderbook

The orderbook on Deribit is full of information and super easy to use. We really like the fact that the Index & Mark prices are visible at all times during a trade.

TradingView Charts

The Deribit exchange has TradingView charts fully integrated into each market. This allows traders to use the powerful tools on TradingView natively on the Deribit exchange platform.

Deribit TradingView Charts

Insurance Fund

Like many other cryptocurrency derivatives and options exchanges, Deribit has a transparent insurance fund to protect the exchange and its traders. This is publicly viewable on your account dashboard.

Trust & Safety

Is Deribit safe?

Yes – in our opinion, Deribit is a safe and legit cryptocurrency trading app. The company is transparent and they have an office in Amsterdam.

Is Deribit a scam?

We’ve found no evidence of scams on Deribit. They use the latest security methods to ensure your funds are data are kept safe.

Trading & Account

What can you trade on Deribit?

Deribit is different to other exchanges in the fact that it doesn’t have many assets on the platform, but there’s a good reason for this – they want to do it right. By only listing 2 assets, they can ensure a high level of service as well as extremely low latency.

  • Bitcoin (BTC)
  • Ethereum (ETH)

Account Types

Deribit has one main account type which gives you access to all of the features on the Deribit exchange & app.

Leverage

Deribit offers something called ‘Leverage’ on the trading platform, this allows you to trade with more than your account balance.

The maximum leverage on Deribit is 100x, meaning that you can trade with up to 100 times more than your balance at any one time.

How to register on Deribit

Use the instructions below to register and start trading on Deribit

  1. Visit site

    Visit the Deribit website by clicking here (10% fee discount)

  2. Register

    Enter your email address and a password

  3. Confirm email

    Verify your email address

  4. Fund account

    Deposit Bitcoin onto your account and you can start trading right away!

Demo Account

Deribit does not offer a demo account, however there is no minimum deposit and the minimum trade size is $10 USD so you can get started trading with limited financial risk.

Register on Deribit

Fees

Deribit offers low fees in comparison to other derivatives exchanges. Did you know that you can even get a rebate by adding liquidity to the exchange (this means placing a ‘maker’ order and waiting for it to be filled. See below for a breakdown of the Deribit fee schedule.

Deribit Fees
InstrumentMaker RebateTaker Fees
BTC Perpetual0.025%0.025%
BTC Futures0.02%0.05%
ETH Perpetual + Futures0.025%0.025%
BTC and ETH Options0.04%0.04%

Deposit & Withdrawal

Deposit Methods

There is 1 main deposit method on Deribit, and that is Bitcoin. This is something that we think could be improved on in the future. Exchanges such as FTX offer a wider range of deposit methods, although it does require identity checks, unlike Deribit.

How to deposit on Deribit

To deposit on Deribit, follow the instructions below

  1. Login to your Deribit account (Don’t have one yet? Sign up here and get 10% off fees)
  2. Go to ‘My Account’ then ‘Deposit’
  3. Copy your Bitcoin deposit address or scan the QR code
  4. Make a Bitcoin transfer to the deposit address
  5. You’re all done, you can now start trading on the Deribit platform

Minimum Deposit

There is no minimum deposit on Deribit. This is great for those who would like to start trading cryptocurrencies without having to risk too much money.

Are there any deposit fees on Deribit?

No, there are no deposit fees on Deribit.

Withdrawal Methods

You can withdraw from Deribit in one main way, using Bitcoin.

How to withdraw from Deribit?

To withdraw from Deribit, just go to your account page and then click ‘Withdraw’. Now enter the Bitcoin address you wish to withdraw to and proceed to make your withdrawal.

Minimum Withdrawal

The minimum withdrawal on Deribit is 0.0005 BTC. We really like the feature which lets you decide on the priority of your transaction. This means that if you’re in a rush to withdraw, you can pay more to make the withdrawal quicker.

Are there any withdrawal fees on Deribit?

No, Deribit do not charge any withdrawal fees, however you are charged the Bitcoin network fee to make your withdrawal. This is a small amount and changes depending on how urgent your withdrawal is.

Bonuses & Promotions

Deribit offers a great promotion whereby you can get 10% off trading fees by using a promotional link like ours to sign up. To get this promotion, simply click this link and proceed to sign up right away without going off the page. Learn more about this offer here.

Customer Support

Deribit has a dedicated customer support team who are ready to help you with any issues you may have. The general support email for Deribit is support@deribit.com.

Deribit FAQs

What coins are on Derbit?

Deribit offers trading on Bitcoin & Ethereum.

Is there an Deribit app?

Yes, Deribit does have an app. You can download it directly from their website here.

When did Deribit launch?

Deribit launched in the summer of 2016.

Do you have to KYC for Deribit?

No, you don’t have to do any KYC checks to trade on Deribit.

How long does a withdrawal take on Deribit?

It depends on which priority you choose. The options are ‘Very Low‘, ‘High‘, ‘Very High‘ & ‘Insane‘. Read more about it on the Deribit website.

Does Deribit have an insurance fund?

Yes, Deribit does have an insurance fund.

Does Deribit accept US citizens?

No, Deribit is restricted in the USA.

How do you change the leverage on Deribit?

Deribit using auto leveraging, so you can’t directly change it on the trading screen. Read more about Auto Leveraging on Deribit’s website.

Deribit App

To use the Deribit app, use the instructions provided below.

Download Deribit App for iPhone

  1. Sign up to Deribit (get 10% off fees with our link)
  2. Go to the app download page
  3. Click ‘Get’
  4. Once the download is complete, sign in using your API keys and get started trading!

Download Deribit App for iPad

  1. Sign up to Deribit (get 10% off fees with our link)
  2. Go to the app download page
  3. Click ‘Get’
  4. Once the download is complete, sign in using your API keys and get started trading!

Download Deribit App for Android

  1. Sign up to Deribit (get 10% off fees with our link)
  2. Head over to the Google Play Store and search for ‘Deribit
  3. Click ‘Install’
  4. Once complete, enter your API details and start trading

Deribit Alternatives

Below you will find a list of alternative cryptocurrency derivatives exchanges. We’ve even reviewed them for you too!

  • FTX – modern derivatives exchange with multiple deposit methods & contract types (Read Review)
  • BitMEX – world-class Bitcoin & Altcoin derivatives exchange (Read Review)

Conclusion

To conclude, Deribit is a brilliant cryptocurrency derivatives exchange suitable for the global market. It has great liquidity, fast execution and a brilliant mobile app. Don’t believe us? Try it out for yourself and get 10% off trading fees using our exclusive promotional link.

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