Deribit Exchange, founded in 2016, is a high-tech platform for trading cryptocurrency futures and options. Since its launch, it has established itself as one of the leading players in this niche, offering users access to trading on cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), USDC, Solana (SOL), Ripple (XRP), Terra (LUNA) and Avalanche (AVAX). A variety of trading tools are available on the platform, including limit and market orders, as well as stop loss and take profit orders, which allows traders to flexibly manage their positions and minimize risks.

One of the distinctive features of Deribit is the leverage provided — up to 50x, which allows traders to significantly increase the volume of trading positions compared to the size of their deposit. This makes the platform especially attractive for active traders who want to take advantage of the high potential returns from leveraged trading.

For the convenience of users, Deribit offers trading via the TradingView browser terminal, which provides a powerful and intuitive interface for market analysis and transaction execution. A mobile app for iOS and Android is also available, which allows traders to trade on the go and always be aware of market changes.

As for commissions, Deribit stands out from the competition due to its low rates. The commission for option contracts is a fixed 0.03%, which is lower than many other platforms. For perpetual futures, the commission is 0.00% for maker and 0.05% for taker, which makes trading on this platform more economical and attractive.

However, it is worth noting that Deribit does not offer passive income tools such as staking or liquidity programs. The only opportunity to receive additional rewards is the bug bounty program, which allows users to receive one-time bonuses for detecting and reporting errors in the operation of the platform.

In general, Deribit is a powerful tool for active traders seeking to use high leverage and low commissions to achieve their trading goals, although its opportunities for passive income are limited.

Trading conditions

When choosing a cryptocurrency exchange, it is important to take into account not only the level of commissions, but also a number of other characteristics that can significantly affect the convenience and efficiency of trading. One of these exchanges is Deribit, launched in 2016 and specializing in trading cryptocurrency futures and options. 

The trading platform on Deribit is represented by the TradingView web terminal, which provides users with a convenient and powerful interface for market analysis and transaction management, supporting various technical indicators and charts. This allows traders to effectively monitor market trends and make informed trading decisions.

The exchange offers standard accounts, which simplifies the trading process without the need for complex account types. Available account currencies include Bitcoin (BTC), Ethereum (ETH), USDC, Solana (SOL), Ripple (XRP), Terra (LUNA) and Avalanche (AVAX), which provides a wide range of assets to trade.

Deposits and withdrawals to Deribit can be made through any e-wallets, which adds flexibility and convenience in managing funds. One of the distinctive features of the platform is the absence of a minimum deposit requirement, which makes it accessible to traders with different amounts of capital.

The platform provides the ability to use leverage up to 1:50, which allows traders to significantly increase the size of their trading positions. However, Deribit does not offer PAMM accounts, which may be important for investors looking for investment opportunities through managing traders. 

The minimum order size for Deribit is from 0, which allows traders to manage positions with high accuracy. The commissions on the platform are fixed and market-based, which means that they do not depend on trading volume, providing transparent conditions for active traders.

The exchange is focused on trading cryptocurrencies and does not have an explicit liquidity provider, which may affect the depth of the market and the execution of orders. It is also worth noting that there are no Margin call and Stop out on the platform, which requires careful risk management from traders.

For users who prefer mobile trading, Deribit offers a mobile app for iOS and Android that allows you to track and manage transactions anytime, anywhere. It is important to note that Deribit does not have an affiliate program, which may limit the opportunities to generate additional income from attracting new users.

Information about the exact execution of orders on the platform is not provided, which may be significant for traders focused on high-speed transactions. A special feature of trading on Deribit is fixed trading commissions, which do not depend on the volume of trading, as well as the possibility of using high leverage and various types of orders, including orders with protection. Withdrawal fees depend on the network, which should be taken into account when planning your operations.

The main way to get bonuses on Deribit is the Bug Bounty program, which rewards users for detecting errors in the operation of the platform by providing one—time bonuses. Thus, Deribit provides many opportunities for active traders, including competitive commission conditions, high leverage and flexibility in trading cryptocurrencies, although the platform has its limitations, such as the lack of PAMM accounts and an affiliate program.

When comparing trading conditions on the Deribit, UPbit, Coinbase, Gemini and Latoken cryptocurrency exchanges, a number of factors were taken into account, such as commissions, available trading instruments, minimum deposits, currency support and leverage. 

In general, Deribit stands out among competitors with low commissions and high leverage, UPbit and Latoken offer a wide range of assets and mobile trading, Coinbase and Gemini provide high security standards and user-friendly interfaces, but with higher commissions and limited leverage.

Deribit Investment Programs

Deribit Exchange does not provide specialized investment solutions, and traders can earn money only through active futures and options trading. However, many users view cryptocurrency assets in themselves as an investment. On Deribit, traders can store cryptocurrencies such as BTC, ETH, USDC, SOL, XRP, LUNA and AVAX in any quantities on their own wallet. Transfer of assets to another wallet is possible at any time, and there are no restrictions on transfers.

On Deribit, as on other cryptocurrency exchanges, traders are divided into two groups: makers and takers. Makers place orders that are not executed immediately, but remain in the order book, thereby adding liquidity to the platform. Takers, on the contrary, execute orders instantly, thereby taking liquidity from the order book.

Commissions for makers on Deribit are more profitable. For weekly futures, the commission for makers is -0.01%, and for perpetual futures — 0.00%. For takers, these commissions are equal to 0.05%. The peculiarity of Deribit is that discounts on commissions for trading volume are not provided. This means that the amount of the commission does not depend on the activity of the trader and does not change depending on the volume of trading operations, as it may be on some other exchanges.

Commissions and fees

For weekly futures, the commission is -0.01% for makers and 0.05% for takers, which allows makers to receive a small bonus for adding liquidity, and takers to pay a standard commission. For perpetual futures, the commission is 0.00% for makers and 0.05% for takers, which makes them especially attractive for active traders. For options, the commission varies depending on the type of contract and is either 0.03% of the underlying asset or 0.0003 BTC/ETH for each contract. At the same time, the total commission cannot exceed 12.5% of the option value. An additional 0.025% commission is charged for the delivery of futures, but weekly futures and daily options are exempt from this fee. There is also a commission for the liquidation of positions, which is 0.50% for BTC and 0.90% for ETH for makers, and 0.45% for BTC and 0.85% for ETH for takers.

With regard to withdrawals, Deribit exchange does not charge its own fees, and fees depend solely on network usage. This means that users can expect instant withdrawals due to the fact that some of the funds are stored in a hot wallet, which is replenished daily. The minimum withdrawal fee is $1. 

Thus, Deribit provides competitive trading conditions with low fees for various types of trading instruments and a transparent withdrawal system.

Safety

To date, the Deribit exchange has not encountered vulnerabilities or serious security issues since its inception. Although this does not guarantee absolute protection against all potential threats, this fact indicates that the platform uses reliable protocols and security measures.

To protect user funds, the Deribit team adheres to a cold storage policy for 95% of funds. This means that most cryptocurrencies are stored in offline wallets located in various bank vaults, which significantly reduces the risk of cyber attacks.

The exchange is also actively engaged in ensuring the security of its platform through an extensive bug bounty program. This program rewards white hat for finding and reporting bugs and vulnerabilities in the code before they are discovered by black hat. This approach helps to maintain high security standards and prevent possible threats.

Deribit audits its systems in real time and has a unique liquidation mechanism that automatically closes underfunded accounts, which is part of their insurance fund. In addition, the platform uses a risk control mechanism that analyzes all incoming orders, which is critical for derivatives trading.

To enhance the individual safety of users, Deribit offers several features. All communication with the server is carried out through a secure SSL connection, which can be checked by the lock in the browser's address bar, preventing the possibility of getting to phishing sites. In case of password theft, users can protect their funds by activating two-factor authentication, which is disabled by default and requires self-activation when logging in.