Deribit started as a Bitcoin Futures and Options trading platform going live in the summer of 2016. The platform is a European based exchange with headquarters in Amsterdam, the Netherlands.
Deribit has been created as an answer to those in search of a professional fully dedicated cryptocurrencies futures and options trading platform. A service that can create a fully liquid marketplace with the same standards as a traditional derivatives market.
It is one of the few crypto margin exchanges to offer a BTC/USD perpetual swap, removing the expiry dates typically associated with Bitcoin futures and allowing users to receive a constant payout.
Deribit only offers Bitcoin (BTC) and Ethereum (ETH) contracts, though does offer both futures and options for both cryptocurrencies. The exchange does a great job of providing a range of options instruments for traders to use, which opens up opportunities for multiple different trading strategies for Deribit users.
Official website: https://www.deribit.com
Security: very high
Reputation: very high
Trading pairs: BTC, ETH
Trading fees: 0.025% Maker fee, 0.075% Taker fee (BTC Futures 0.02% Maker, 0.05% Taker)
Deposits: BTC deposits only - no fees
Wire deposits: NO
Credit card deposits: NO
Withdrawals: crypto withdrawals only
Margin trading: YES (up to 100x leverage)
Mobile app: YES
Customer support: very good
US customers: NO
Deribit has never been hacked. This is the result of the Deribit team placing a heavy emphasis on security. At all times Deribit keeps around 99% of their Bitcoin in cold storage.
Deribit is an interesting and quite competitive entry into the newly emerging crypto derivatives space. Fees are cheaper than other competitors, The platform is stable, easy to use and they are the first to offer competitive Bitcoin options.
It is a good exchange for advanced investors who want to dabble in perpetual futures contracts and options trading with leverage up to 100x.
If you give it a try, please use our link and you will receive a 10% fee discount for the first 6 months after sign up. Believe us, you'll save a nice bunch of money.