Deribit Exchange Review – Is Deribit Exchange Legit?

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Deribit Exchange DEMO

Deribit Exchange REVIEW

Summary

Deribit Exchange is a new breakthrough futures and options focused cryptocurrency exchange

Read 100% Free Deribit Exchange Review by Scamorno Team

Details

System Deribit Exchange
Website URL www.Deribit.com/Exchange
Trial Start Trial
Overall Score 9.5/10

FULL REVIEW OF Deribit Exchange

Are you interested in finding out more about the Deribit Exchange and is it really a cryptocurrency options and futures exchange that you can trust trading on? As their name suggests, Deribit is a derivatives exchange that offers one of the latest trading fees in the industry. Their exchange fees are 0.05% for taker fees, 0.00% for maker fees and 0.00048 BTC for withdrawal fees.

Deribit is based out of the Netherlands which is the home to many cryptocurrency exchanges. Launched in the year 2016, they have since moved their operations to Panama from the Netherlands, a move that was made in 2020 January. This was a move done in response to the coming Fifth Anti-Money Laundering Directive (AML 5) in order to avoid the incoming mandates of that directive.

Ulimate Deribit Guide 2019:. Deribit Exchange Review and In-depth… | by Deftsuo | Medium

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How Can You Start Trading On The Deribit Exchange?

To get started, all a trader has to do is click on the “Deposit” tab on the left side panel in their account dashboard to open the deposit tab. It is worth noting that deposits and withdrawals can only be made with Bitcoin, hence it simplifies the processes a lot more compared to many other cryptocurrency exchanges today. From the Deposit tab, traders will be able to find the unique address to send their Bitcoin to.

For withdrawals, the same process occurs except that traders click on the “Withdrawal” tab to provide their Bitcoin address to withdraw to. This page will display the available BTC balance to withdraw, the amount to withdraw and the associated withdrawal fee. To be safe, it is highly advised that all traders refresh and check their addresses every day before sending or receiving in order to not re-use the same address and to make sure that there are no changes to them.

Is Deribit Exchange Right For You?

So far, we have not faced any significant issues with using Deribit Exchange and also have not heard of any big issues raised by other traders. With that said, this is a platform that appeals to more experienced traders due to the greater complexity and leverage of the instruments that are traded.

To keep funds safe, Deribit Exchange keeps 95%+ of their assets in cold wallets that are less susceptible to being stolen when the exchange is hacked. We find evidence that Deribit makes significant effort to keep credit, payments and personal information of all traders safe from being leaked if hacked. For the best protection, it is highly recommended that all traders set up their 2FA that is provided in their security settings.

Deribit Exchange: A Complete Beginner's Guide - Mycryptopedia

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Consumer Alert Regarding Deribit Exchange

https://www.youtube.com/watch?v=Ubed2u7LCK0

 

The success of Deribit Exchange has given rise to many frauds who try to sell their own fake exchange websites in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are joining and should do some research before they join from any website. To spot these, watch out and avoid sites that claim to write about Deribit Exchange, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid joining from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only join from the site from the official website here – http://Deribit.com/ExchangeOfficial (link opens in a new window). The official website that they have includes the legitimate website.

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Deribit Exchange Preview: (to pause video, simply tap/click on it)