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    Deribit Review | Is it actually good in 2024?

    Is Deribit Legit or a Scam?

    Yes, Deribit is a scam broker. They don’t have the proper regulation from their base country. Also, this platform is based only the cryptocurrency. This is a huge problem along with the regulatory problem. Read further to disclose the dark sides of this scam broker to know more.

    What is Deribit?

    Deribit is a cryptocurrency derivatives exchange, specializing in Bitcoin and Ether futures and options contracts. Launched in 2016, it boasts high liquidity, margin trading, and anonymity. However, its lack of regulation and association with past controversies fuel its dubious reputation.

    Deribit Details

    Regulated by

    Unregulated Offshore Broker

    Is This Company Safe?

    The absence of licenses makes any site unsafe!

    Known Websites

    https://deribit.com

    Have Warnings from

    N/A

    Registered in

    Panama

    Operating since

    2016

    Trading Platforms

    WebTrader

    Maximum Leverage

    1:50

    Minimum Deposit

    N/A

    Deposit Bonus

    Not available

    Trading Assets

    Crypto

    Free Demo Account

    Not available

    How to  Withdraw from This Company?

    Payouts do not happen – better contact our legal services for help!

    Deposits and Withdrawals

    You are limited to transferring Bitcoin to and from your account when it comes to deposit and withdrawal choices. Just sign into your account to obtain the deposit address and deposit your Bitcoin. To get the address, you can also scan the QR code. We recommend that you deposit at least 0.001 BTC to prevent errors.

    The procedure for withdrawing is the same as for making a deposit. To access the withdrawal page, log into your account and select Withdrawal. Next, enter the wallet’s address where you wish to receive the withdrawal. Following your entry of the desired withdrawal amount, the charge will be computed automatically.

    Account Types

    There are no offers related to any particular account type on the deribit.com website. However, all of the trading conditions are reasonable and appealing in our opinion. Particularly after you see that manufactures charge relatively little.

    In general, bigger trading volume clients receive better fees from certain exchanges. Traders on Deribit USA would likely find it appealing because they frequently receive offers similar to this.

    Red Flags and Warning Signs

    The majority of businesses in the bitcoin industry are unregulated, and one of the main causes of this is the absence of legislation requiring their registration. Nevertheless, because Deribit is a Dutch derivatives exchange, the Autoriteit Financielle Markten (AFM) needs to regulate them. We were unable to establish such a link.

    The recent ESMA pronouncements, which unequivocally say that while cryptocurrency derivatives are not and should not be regulated, they are, are, and are not financial instruments, led us to this conclusion. Even while this has significant ramifications for CFD brokers, futures and options are undoubtedly included in this. In contrast, the UK’s Financial Conduct Authority (FCA) is in charge of Crypto Facilities, a company that provides a very similar service.

    Customer Complaints and Negative Reviews

    Deribit’s customer service faces repeated criticism for slow response times, lack of resolution, and dismissive treatment of user concerns. Reviews on platforms like Trustpilot are peppered with allegations of account freezes, missing funds, and ignored support tickets.

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    Got Scammed by Deribit? We Help Victims!

    Falling victim to a scam can be devastating. While we cannot guarantee individual results, resources exist to help. Consider contacting organizations like the Financial Conduct Authority (FCA) or CySEC to report financial crime. Remember, the more information you provide, the stronger the case against platforms like Deribit.

    Contact us to get professional help and recovery service recommendations to get help in recovering the lost funds.

    If you’ve experienced financial losses with companies like WealthPro365Exorays, or Cylwex, please report it using the form below.

    File A Complaint Against Scam Broker's

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      Kenneth Williamson

      Kenneth Williamson serves as the primary news writer at BCA, bringing his expertise in online marketing to produce high-quality industry coverage. His unwavering commitment to helping individuals and businesses succeed in the digital realm is evident in his writing. Additionally, Kenneth provides top-notch technical SEO and copywriting services to businesses of all sizes.

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