Deribit Review on its Trading Fees, Leverage and a Lot More
People who are new to the crypto space should have access to a Deribit review that may be brief but focuses on the major aspects of the trading platform. There are numerous aspects of an exchange a new user should be aware of before they use it. It is important because every exchange offers something different to the users and hence it is not necessary that it matches the suits and needs of every investor or trader.
This is why it is important and helpful for potential users to know about the features and services offered by the exchange. So they can determine if it is according to their trading requirements, criteria and more.
If you are a potential user of the Deribit exchange then here are some of the highlighting factors you should know about beforehand.
Deribit Review on its Fee Structure
The fee structure of Deribit is one of its most prominent features. The fee charged by an exchange should always be one of the features you look at before using it. As not every exchange offers a fair and transparent fee structure. Some exchanges also include hidden and additional charges in their fee structures. Which makes such an exchange unsafe and unsuitable to use.
The fee mentioned in this brief Deribit exchange review is based on the market maker and taker fee model and also varies according to the futures contract and options trading.
Here are different kinds of fees you will be required to pay depending on the different options you choose.
For futures contract:
- Delivery fee: 0.025%
- Flat fee: $10
- Liquidation fee: 0.35%
- Maker fee: 0.02%
- Taker fee: 0.05%
For options trading:
- Delivery fee: 0.02%
- Flat fee: 0.04%
- Liquidation fee: 0.19%
- Maker and taker fee: 0.04%
Security Offered by the Exchange
This brief Deribit review also talks about the level of security offered by the crypto exchange. The security offered by a platform is one of the topmost features you should know about, especially if you are new to the crypto space.
The crypto space is a volatile place and there are numerous risks one can face while buying or trading cryptocurrency for the first time. Choosing an exchange that prioritizes the security of the users can help reduce the risks if not completely eliminate them.
Therefore, it is important to choose a platform such as Deribit to buy or trade crypto without any security risks. Here are the security systems offered by the exchange that are mentioned in this brief Deribit exchange review.
- Cold storage
- High security protocols
- Insurance fund
- Notifications for unusual account activity
- Two-factor authentication method
Customer Support Offered
The customer support offered by the trading platform is one of the things you should look at. If you are a beginner and want to choose the Deribit exchange. The quality of customer support offered by an exchange is essential. Because as a beginner you should choose a platform that is compatible with your needs and offers a team of experts that can assist you in case of any emergency, query or concern.
Fortunately, if you are thinking about using Deribit then you should know that. It has a team of professionals that are ready to assist the users around-the-clock. The customer support team is experienced and knowledgeable.
There is also a section with all the frequently asked questions. Providing detailed answers regarding various issues or complications that a novice crypto investor or trader can come across.
As a user of the exchange, you can also reach out to the support team at any time through the live chat option or via email.
Leverage Trading Supported
One of the most important and major aspects mentioned in this brief Deribit review is that the platform offers support to leverage trading. This type of trading is also called margin trading and is one of the most popular forms of trading.
Trading with leverage means traders can borrow funds from the brokers and open bigger trading positions without investing a lot of funds from their own pockets. The borrowed amount is called leverage.
The opportunity to open bigger trading positions can either end up in huge financial profits or losses as the profits. Are not guaranteed and there are several aspects that can determine the kind of outcome traders experience.
You should also know that different exchanges offer different leverage ratios and the Deribit exchange offers one of the highest leverages, which is up to 100x.
The Deribit review mentioned above is brief but it addresses. Some of the most important and helpful things about the platform. As a beginner, you should be familiar with these details and information to determine if it is a suitable exchange for you.