Review on Deribit by Responsible Child
Deribit's liquidity and prices are interlinked with BTC market.
Deribit is a bitcoin trading exchange with two trading pairs. It has a website with a very great and intuitive user interface. The interface seems quite impressive and has nice colour touches, at the beginning of the page. Though the interface is very great, it stil seems too plain and white. This color woulf not in some ways, allow users to trade effectively.
This exchange focuses majorly on BTC and ETH. This also gives the exchange an advantage because it trades majorly with the two most popular exchanges. Registration was very easy and had no stress at the very least. Registering required just my email and desires password.
But, KYC was required when proceeding to other levels so as to carry out certain trading services. Not undergoing KYC shows or denotes that you are not a true caller customer and therefore means that trading functions would not be made available to you. Therefore, I am implying that KYC is very necessary in account creation and verification.
The KYC requirements include
1. 🆔 document and
2. Proof of residence.
This two documents are very necessary in any KYC verification .
While there no deposit fees, the trading fees depends on the state of BTC at the moment.
All in all, I'd highly recommend it. A 4 star from me! ⭐⭐⭐⭐.
Pros
- Deribit has a very great user interface and it was very intuitive and easy to use.
- Deribit did'nt request of me any deposit fees.
Cons
- It actually required KYC which is generally stressful.
- The interface of this exchange seems too plain.
