Deribit ​ Review 2024

Our veredict

Deribit stands out as a premier cryptocurrency derivatives exchange, primarily offering futures and options trading for Bitcoin and Ethereum. The platform is known for its advanced trading features, including up to 100x leverage for Bitcoin futures and a highly sophisticated, low-latency trading experience that appeals to professional traders. Deribit’s security measures are robust, with 99% of customer funds held in cold storage, two-factor authentication, and additional features like IP pinning and session timeouts. The exchange also provides extensive educational resources, making it a valuable tool for those new to options trading​.
However, Deribit has its limitations. It is not regulated, which might pose risks given the fast-evolving regulatory landscape. Additionally, the platform is not accessible to users in the USA, Canada, and Japan, which restricts its availability to a significant portion of the global market. The KYC process can also be cumbersome for new users. Despite these drawbacks, Deribit remains a strong choice for experienced traders seeking a reliable platform for trading cryptocurrency derivatives​​.

Pros

Cons

3,5

Threenvest Score

Fees

0.03% (Maker), 0.05% (Taker)

U.S Legal

No

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose Deribit ​?

Deribit is an excellent choice for cryptocurrency traders who are looking for advanced derivatives trading options. One of the primary reasons to choose Deribit is its high leverage offerings, allowing up to 100x leverage for Bitcoin futures and 50x for Ethereum futures. This high leverage capability, combined with ultra-low latency trading, makes it an ideal platform for experienced traders looking to maximize their trading potential. Additionally, Deribit supports a wide range of order types, including stop-limit, market, and trailing limit orders, providing traders with the flexibility to execute complex trading strategies effectively​.
Another compelling reason to opt for Deribit is its robust security measures. The platform prioritizes the safety of user funds by keeping 99% of assets in cold storage and implementing two-factor authentication, IP pinning, and customizable session timeouts. These features significantly reduce the risk of unauthorized access and ensure that user funds are well-protected. Moreover, Deribit has a substantial insurance fund, currently over $110 million, to cover potential losses from bankrupt traders, adding an extra layer of financial security for its users​.
Deribit also stands out for its comprehensive educational resources and customer support. The platform offers an extensive options trading course, market research articles, and a dedicated Telegram support group to help users enhance their trading skills. These resources are particularly beneficial for traders who are new to options trading or those looking to deepen their understanding of the market. Furthermore, Deribit’s transparent fee structure, with no deposit fees and competitive trading fees, ensures that users can trade efficiently without worrying about hidden costs​.
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EIP and Cryptocurrency Investor

As an expert in cryptocurrency trading, I highly recommend Deribit for those looking to engage in advanced derivatives trading. The platform offers unparalleled leverage options, robust security measures, and a wealth of educational resources to support traders at all levels. With its comprehensive features and strong market presence, Deribit is particularly well-suited for experienced traders who require a high-performance, secure trading environment​.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.