Review on Deribit by Responsible Child
Deribit is a pair trade exchange
This exchange is used for trading bitcoin with the aid of trading in pairs. Deribit has a website with a friendly and fancy user interface. The background has a combination of nice colours and a bit attractive. Though the combination of the colours are too plane and whitish, this means of colouration can kill the motivation of some users.
The exchange has advantage because it emphasis mostly on ETH and BTC which are the most famous cryptos.
Registration in this platform needed my email and any personal choice of password. Though KYC was when advancing to higher levels in other to perform certain trading services. Without going through KYC steps, whenever you have complains and you call for help, you will be considered as an untrue customer, hence the trading function will be made impossible for you. Therefore KYC is very relevant for registration. ID document and proof of residence were the KYC requirements, the both document are very beneficial in any KYC verification. Trading fees in this exchange is considered based on the position of BTC at the moment.
This exchange is very customizable you can make use of it!!
Pros
- It trades in pairs
- It is customizable and also trade the most populous cryptos like BTC and ETH
- Security is assured in this platform
Cons
- KYC is required
- Poor interface
