Deribit is a professional, fully dedicated cryptocurrencies, futures, and options trading platform. The platform creates a liquid marketplace with the same standards as a traditional derivatives market. They provide an online trading service to traders across the globe, including a 24/7 prompt and multilingual customer service and a range of proprietary technology, such as the matching engine, risk metrics, portfolio margining, and more.
Deribit Review, Pros & Cons
- Sophisticated trading platforms
- Multiple trading tools
- A selection of educational materials
- Unregulated broker
- Limited account funding options
- No MetaTrader platforms
- No USA clients
In this detailed Deribit review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Deribit is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Deribit.
Deribit Review: Summary
Established in 2016 in the Republic of Panama, Deribit is an online crypto trading platform that offers Futures, Options, and Cryptocurrency trading. The Exchange provides an intuitive trading platform, along with some proprietary tools and a dedicated 24/7 customer support team while allowing leverage of up to 1:100.
Deribit Review: Regulation
Deribit is operated by DRB Panama Inc., a corporation incorporated under the laws of Panama, registered at the (Mercantile) Record No. 155684990, Panama City, Republic of Panama.
Deribit is not regulated by any known financial authority. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
Deribit Review: Countries
The access to the Exchange’s platform and its services are not available if you are located, incorporated or otherwise established in, or a citizen or resident of any of the following countries: Canada (Quebec Province); Guam, Iran, Iraq, Japan, Korea, Panama, Puerto Rico, Samoa, Sudan, Syria, United States, and the Virgin Islands (U.S).
Some Deribit features and products mentioned within this Deribit review may not be available to traders from certain countries because of legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Deribit Review: Trading Platforms
The Exchange provides traders with the Deribit trading platform through which clients can access their accounts and trade products. All cryptocurrency derivative contracts, such as futures, options, and perpetual swaps, can be traded on the platform. The Deribit trading platform has a mobile app for Android and iOS devices. It gives traders the complete functionality of the platform for trading cryptocurrencies, futures, and options and can be used on the go.
Deribit Review: Trading Tools
Deribit provides a range of useful proprietary trading tools to traders to make their trading as smooth as possible. They include the matching engine, risk metrics, portfolio margining, Charts, and API.
Deribit Review: Education
Traders also get access to a good selection of educational resources such as the Trading Blog, Information section, Videos, and a well-organized FAQ section.
Deribit Review: Trading Instruments
Deribit offers Futures, Options, and Cryptocurrencies (Bitcoin and Ethereum) for online trading.
Deribit Review: Trading Accounts & Fees
The Exchange allows traders to create a live trading account, as well as a demo account, which is used for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this Deribit review. It is imperative to ensure that you check and understand all of the latest information before you open a Deribit broker account for online trading.
Deribit Review: Customer Service
Deribit provides traders with a prompt and multilingual customer service team; they are available 24/7 and can be reached via email and social media.
Deribit Review: Deposit & Withdrawal
The Exchange accepts Bitcoin for deposits and withdrawals, and they are processed instantly whilst charging no fees on deposits.
Deribit Review: Account Opening
To open an account, click on the ‘Create Account’ tab and fill in the required information. Ensure you create a strong password to better secure your account.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Deribit Review: Conclusion
Deribit is a cryptocurrency exchange that provides spot crypto, futures, and options trading to millions of traders around the world while offering a 24/7 multilingual customer service and a range of proprietary tools, such as the matching engine, risk metrics, and more. However, they are not regulated at the moment. You may wish to view our best crypto brokers for regulated alternatives.
Trading in Deribit’s products entails high financial risk and that there is additional counter-party risk because its products are derivative contracts. You should carefully assess whether your financial situation and tolerance for risk are suitable for buying, selling, or trading cryptocurrency. You may lose all of your funds in your account.