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          Home Reviews Crypto Exchanges

          Deribit Review: Why People Prefer Opting for Their Services

          Glutia Grace by Glutia Grace
          August 18, 2022
          in Crypto Exchanges
          Deribit Review

          In today’s world, the digital money industry like Bitcoin and cryptocurrency has flourished a lot and are rising to prominence, especially in the business sectors. So if you are looking forward to a reliable and trustworthy Bitcoin trading platform, you can indeed opt for Deribit. This platform enables individuals worldwide to engage in futures and options trading. 

          Do you know how they got their name to Deribit? Well, the team behind the project combined the first letters from the words Derivatives and Bitcoin to create the name of their website. So the users can now use Bitcoin in order to make deposits, withdrawals, and collateralized trades. 

          Moreover, the platform allows traders to take advantage of up to 100x leverage when trading Bitcoin futures. Sounds quite impressive, right? Well, there are a lot more interesting aspects to this Bitcoin trading platform. Let us share with you some of the significant details of Deribit here.

          A Quick Glance Over The Start of Deribit

          Deribit Cryptocurrency Exchange

          Since you are reading this article, it is evident that you are looking forward to a Bitcoin trading platform for your business. Well, you are at the right place as we will share some of the significant aspects of this platform here. Let us take a quick glance over the history of Deribit.

          As you know, Deribit is a derivatives exchange based in the Netherlands. However, their day-to-day operations are conducted from an office in Amsterdam. The project launched in 2016 is registered as Deribit B.V. The location of the office is at Stationsstraat 2 B, 3851 NH, Ermelo, The Netherlands.

          Do you know who founded the company and contributed heavily to its growth? Well, they are the current CEO John Jansen and CTO Sebastian Smyczýnski. Needless to say, they were successful enough in creating a platform for Bitcoin trading enthusiasts that caters to their passions. 

          In addition, the Deribit team is one of the more transparent in the space and includes CMO Marius Jansen and Lead developer Andrew Yanovsky. Yes, they have a great team with some of the best devs.

          However, despite the transparency, BTC solely processes all the transactions on this platform, and Deribit is currently acting as an unregulated broker. This is because European regulators have not classified cryptocurrencies as financial instruments. In fact, they are still in the process of creating the framework.

          But this does not cause problems for you in any way. They have kept the platform open for the residents of over 100 countries. Moreover, they also allow their traders to take advantage of fee-free deposits and withdrawals and provide much more lucrative offers.

          Have A Look at Some of The Most Unique Features of Deribit

          Needless to say, Deribit is one of those platforms upon whom you can lay your trust and remain assured about everything. This is because they have some of the most lucrative features that few other Bitcoin trading companies offer their users. Let us share with you some of them.

          1. Functionality

          This is one of the reasons why people prefer opting for Deribit when it comes to Bitcoin trading matters. As you know, Deribit utilizes a web-based trading platform and incorporates an intuitive and relatively easy-to-use interface that includes many functions.

          Apart from all the common features like trading history, order book, and recent trades, there are several other features. The platform also includes futures, index, and volatility charts and a range of statistics, technical analysis indicators, and key data related to futures and options trading.

          2. Trading Options

          Needless to say, Deribit provides an extensive range of trading options. Therefore, their users can easily access Options and a Futures exchange. The platform specializes in offering leveraged trading at up to 10x leverage. In fact, BTC futures are available at up to 100x leverage. Users can also participate in margin trading and practice their trading strategies on the Deribit testnet after receiving 10 BTC worth of demo funds.

          3. Technology

          Deribit offers the best technology to its users. The exchange strives to be technologically advanced and allows users to trade via their trade matching engine. In fact, it is with less than 1MS latency. Isn’t it impressive? 

          In fact, users can also trade via a web interface, mobile (iOS/android), or API. Moreover, Deribit also integrates with trading bot software such as HaasOnline, BotVS, and Actant. In addition, the platform uses cold storage to secure approximately 95% of user funds. So why not opt for them?

          4. Customer Support

          The site is available in English, Spanish, Chinese, Russian, Korean, Japanese, and Turkish. In addition, a support team is available to deal with any issues. Moreover, the team provides a list of email addresses in the member’s section. 

          The Deribit team can also be contacted via their Twitter account or Telegram group. In fact, they will also provide a Blog, a Docs page, and an FAQ page in the member’s section. It explains several vital issues. They also run a YouTube channel that contains a number of explanatory videos.

          Is Deribit Safe?

          This is one of the pertinent questions that many of you might have before you opt for Deribit. Needless to say, the team uses cold storage to secure their users’ funds, with approximately 95% of all BTC being held in this way. In fact, this helps the platform to remain resilient to hacking attempts. In fact, they can also lead to slower customer withdrawals. 

          Ending Note

          So as we conclude, we can say that Deribit is one of the most popular and reliable Bitcoin trading platforms. People prefer opting for their services because of their unique features. You can look at the above points to get a better idea.

          Also read: Phemex Review: Everything You Need To Know

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          So, in short, we cover a range of announcements related to a variety of Alt-coins, digital coins, and any significant news that could create an impact on the trading world and economy.

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