Hashrate ethereum 1070
48 comments
Ethereums structure
Deribit was founded in March by John Jansen , and started operating in June Deribit is a CFD trading site, meaning that no actual crypto purchase takes place. Even though exact data about daily trading volumes are not publicly shared, Deribit has historically been criticized because of its low liquidity.
In September a faulty liquidity algorithm caused the company to take a loss of 60 BTC more than , USD at the time ; since then, the numbers have slightly improved. A possible cause for the smaller user base and volume is the site not taking deposits in any currency but Bitcoin. Bitcoin is also the only tradable asset besides an internal token called Dericoin, whose availability is restricted to their test platform.
The platform serves customers all over the globe, with the only restriction being the legal status of Bitcoin in their respective lands. A demo platform exists, where you can create an account to get used to the site before moving to real trading. The process is independent of the main platform, so even if you already have an account there, you must sign up again in order to use demo features. The completely BTC-based experience makes the site fertile ground for using anonymous accounts.
The site does blacklist some temporary email services, but slightly less predictable ones such as getairmail can still be used. The process is extremely easy, you only have to fill a four-field form email, nickname and password twice and click on the submit button. The confirmation email usually arrives within seconds, and a single click is enough to confirm the account. Verification does not offer an added advantage, but proceeding with it will prevent any future limitation due to suspicious anonymous activity.
Deposits are limited to Bitcoin, with the process being standard: A warning is given suggesting not to transfer less than 0. Within the trading platform all customers enjoy the same benefits, with verification not making a difference in the privileges granted to a particular user. However, a second type of account is available, which gives access to the testing website, where a bogus currency called Dericoin is used to simulate trading.
Charges for trading depend on the type of trade, with options having a 0. There are separate pages for futures and options. The former are available in monthly and quarterly periods; the supported order types are limit, stop limit, post only and hidden.
Futures require the user to specify the future price and, the number of contracts or the amount of BTC he is willing to invest. Leverage is set by default, with an initial value of 20x i. On the other hand, options are organized and displayed in a table. To open one the user simply has to click on the desired price and fill in the necessary parameters.
Open positions can be edited or cancelled at any time with a single click, using the options at the rightmost part of the table of active orders. Charts are also available to aid the trader, including candlestick charts, futures charts, historical volatility and a few others directly taken from Tradingview.
Given their source, these charts are highly customizable and interactive. Besides having a responsive website, the Deribit team has been focused on developing native mobile apps for iOS and Android. At the moment of writing this review mid. December, the first of the two had already been published on iTunes. The app lets the user carry on with the main tasks allowed by the platform from their iPhone, iPad or iPod. In the short period of time that Deribit has been in the market, it has successfully managed the security of the platform, not having faced a single hacking issue to the date.
Email notifications are available and enabled by default, informing the user of relevant events that occur with his account such as a login. Withdrawals and deposits are logged, and a visible history is kept for the user to check for suspicious activity. The site comes with a default session length it can be removed, however caution is advised and the possibility of setting IP pinning.
On the other hand, SMS alerts are not available, and there is no option either to PGP-encrypt the emails received from the platform. Most users praise the low fees charged by the site which have been completely waived at times , but criticize the lack of liquidity that the platform portrays and the huge size of the spreads that derive from it. Due to several reasons including but not limited to it being relatively new, accepting only BTC and the liquidity issues , the user base is still small compared to other trading platforms.
This has been quoted as a potential issue for newcomers when asking for opinions about Deribit on the Internet. Deribit has built confidence around its users by honoring losses, such as the nearly one quarter million USD earlier this year Because of that, no scam or fund-thieving accusations against the company are found on the internet.
Another feature valued by some of the customers, especially the tech-savviest ones, is the existence of an API, which enables automatizing the trading process with relative ease. They also have a strong presence on social networks, particularly on Twitter. Deribit is a young site which has proved to have what it takes to compete head to head with the biggest trading sites.
A larger user base would not hurt Deribit, in fact, investors seeking for liquidity are better off going somewhere else. The site remains a great alternative for Bitcoin traders, and only them, because altcoins or fiat are not allowed and no announcements of changing that in the near future have been made. Current Top Broker Deals: Worldwide except jurisdictions where Bitcoin is illegal.
Anonymous accounts allowed European Vanilla options available Fast trading Low fees Solid security Test platform for getting used to the site Cons: Android app still in development Bitcoin-only site Liquidity issues. Opening a future position, you can observe the default 20x leverage. Choosing an option Customizing the parameters Our option placed.
To edit, just select the appropriate action and update what you consider necessary. You can edit or cancel an active order at any time. Futures chart Historical volatility.