Is Deribit Authentic?
Deribit maintains openness regarding its ownership and location details; however, it lacks the oversight of regulatory authorities. The absence of a Digital Assets Service Provider license from recognized regulatory bodies casts doubts on the legitimacy of their offerings.
Additionally, Deribit extends its services to regions with stringent financial regulations, including the United States. A closer examination of customer feedback may provide further insight into the firm’s credibility.
User Feedback on Deribit
Established in 2016, Deribit’s presence on Trustpilot is notably minimal with just a handful of reviews, 30% of which convey dissatisfaction. Issues cited by traders include significant spread discrepancies, high service costs, and difficulties with withdrawals – concerns that are far from encouraging. We invite you to share your experiences with Deribit to contribute to the broader client perspective.
Functionality of Deribit
Initially launching as a trading platform for Bitcoin and Ethereum derivatives, Deribit has expanded its offerings to include Solana and USD Coin. Yet, the platform’s operations are not backed by any formal financial license, putting the reliability of its services into question. The authenticity of Deribit might be gauged through user testimonials or personal trial, though reports of market manipulation by several users would suggest caution.
Deribit’s Customer Base
Deribit provides its services on a global scale. If you have engaged with Deribit from a country not widely recognized in client reports, we encourage you to inform us. The majority of Deribit’s clientele reportedly hail from the United States, the United Kingdom, Brazil, the Netherlands, and India. Should you face any issues with withdrawals, our team of refund specialists is on hand to offer advice on potential recourse.
Trading Interface Options
For those trading via desktop, Deribit offers a web platform that, while initially complex, is comprehensive, displaying all essential information and providing a wealth of technical analysis tools and customization features. The design is robust, catering to seasoned traders.
Accessibility of Deribit Mobile App
Deribit also caters to mobile users with applications available in both the Apple and Android stores. With just over 10,000 downloads on the PlayStore, Deribit’s mobile reach is modest, especially when compared to the user base of regulated counterparts.
Investment Instruments on Deribit
As expected from a cryptocurrency exchange, Deribit focuses on digital assets. Those interested in exploring what Deribit has to offer can do so through spot trading, futures, and options trading. Among the tradable cryptocurrencies are industry leaders like Bitcoin, Bitcoin Cash, Monero, Polkadot, and Ethereum.
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