Deribit

Earning a meagre 3 stars, Deribit isn’t a bad platform but the choices are limited and their transactions are known to be slow, which are both worth taking into consideration. What we do like is their Insurance Fund and that there is also leverage available.

Deribit

3/5

In a nutshell

  • Bitcoin and Ethereum derivatives
  • Only Bitcoin deposits accepted
  • European-based company

Pros and Cons

THE BENEFITS

PROs

  • They offer leverage of up to x20
  • Client deposits are held in cold storage
  • There is a demo environment to practice on
THE DOWNSIDE

CONs

  • Only one deposit method available
  • Limited range of cryptos to trade
  • Transactions can be slow

Getting started

Step 1

Click Create Account and enter the following:

  • Your mail address
  • Choose a ‘nick’ or alias
  • Country of residence 

Select a password, agree to the Terms & Conditions and submit

Step 2

Go to your inbox and click the link to verify your email address and activate your account

Step 3

Sign in with your email and password. Click on your username in the top right, and go to Deposit to fund your account and start trading 

Step 4

You will need to verify your account, too. Click the Verification tab to fill in your details and submit your documents. You will be required to provide:

  • Your full name
  • Your date of birth
  • Your address
  • Any ID document

Step 5

Once you’ve completed that, you’re all set and ready to go!

What can I trade?

  • Bitcoin perpetual and futures
  • Ethereum perpetual and futures
  • Bitcoin and Ethereum options

 

Fees

  • 0.075% taker fee on BTC futures and perpetual orders
  • 0.5% liquidation fee on BTC futures and perpetual
  • 0.9% liquidation fee on ETH futures and perpetual
  • 0.19% liquidation fee on options

2 Responses

  1. What I like most about this site is that it is very versatile, useful, many cryptocurrencies and many
    functions together, marketing of the currencies, trader, exchange and very useful for the markets and
    the best that has its own currency, the blue color of the page is great, from the first moment I use it,
    that caught my attention it seems silly, but it gives a touch of seriousness

  2. You have to always be smart with huge investments.You have to learn how to manage investments risk
    in order to protect yourself and when things go south, seek help from experts in recovery.

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