Deribit was founded in 2016 and is headquartered in the Netherlands. It specializes in the futures and options markets and processes thousands of orders per second and hundreds of orders per second from a single account.
FTX, a leading crypto liquidity provider, backed by Alameda Research, helps FTX access industry-leading order books. It helps traders diversify their investments, commonly known as a derivative exchange.
PrimeXBT trading was founded in 2019 in Seychelles. It has grown exponentially and has clients across the globe. The organization's vision is to create an innovative platform that provides clients with essential tools needed for their daily trading activities. The ADVFN International Finance Awards have awarded PrimeXBT as the best crypto margin trading award of 2020.
They mainly deal with Options and Futures. It offers up to 50x leverage in Ethereum and up to 100x leverage in Bitcoin. You can also practice their trading strategies on the Deribit testnet.
A futures contract is an agreement to sell or buy BTC or ETH at a predetermined price and time in the future. On Deribit, a contract costs 10 USD. Deribit also offers perpetual futures contracts with no expiration date. Quarterly futures are on the last Friday of March, June, September and December.
Deribit offers European style options. They can only be exercised when they expire, Deribit will do this automatically. All cash payments will take place instead of transferring assets. It also gives you other important information, such as volatility, delta and others. You can also view your transaction and order history. There are four types of options available: Limit, Market, Stop Limit and Stop Market.
The length of time that you want your order to live is called the "Order Life". There are three types of order lives: Good-Until-Cleared (GTC), Fill-Or-Kill (FOK), or Right-Or-Kill (IOC).
If you want full control over your orders, GTC is a great choice.
FTX supports perpetual futures on more than 20 cryptocurrencies like BTC, BNB, LINK, and more. The exchange also offers Index Futures, allowing you to trade different segments of the crypto market much more easily. They combine large-cap, mid-cap, and small-cap coins. You can also trade exchange tokens, regional baskets and privacy tokens.
These tokens give you exposure to the crypto market without the need for leveraged position management.
The platform offers up to 101x leverage and sets 10x leverage as default for safety. Divided into three different categories:
1x token called Hedge
0.5x long is called halves.
3x cards are often referred to as BULL or BEAR. They are ERC20 tokens.
MOVE allows you to trade on the price of a particular cryptocurrency movement by risking a small amount. Movement can be in either direction.
They are futures contracts that will expire according to the raw number of Bitcoins. It can be daily, weekly, monthly or quarterly. The key factor is the overall volatility of Bitcoin over a given time period. This feature attracts a lot of customers to the exchange.
It offers a European-style options contract. You have the right to sell the underlying asset at a predetermined date and price, but it is not necessary. You can choose your options contract as 'buy' or 'sell'. You can also set the strike price and expiration time. After entering all the important information to set up the options contract, you will receive a quote for FTX to create a bid or strike a deal within 10 seconds. They are highly customizable.
PrimeXBT trade offers Forex crypto-assets, indices, and commodities for trading on its platform.
Indices: It offers you the world's most famous indices to trade such as FTSE 100, SP 500, DAX 30, ASX 200 and others.
Cryptocurrencies: It supports five cryptocurrencies. They are Bitcoin, Ethereum, Ripple, Litecoin and EOS.
Forex: You can trade major and minor currency pairs. You are charged a commission, also known as a transaction fee.
Commodities: You can speculate on the cost of commodities like oil, gold, natural gas, etc.
It uses the producer-taker model. The "creator" order is used to add liquidity to the order book and is executed instantly. A “taker” order removes liquidity from the order book and is not completed immediately.
The option premium cannot be more than 12.5% of the option price.
There is also a surcharge for options and forward delivery. It is 0.015% and 0.025% and for options and futures, respectively.
There is an additional fee for liquidation that is automatically added to the insurance fund.
Deribit liquidation fee
You are not charged a deposit fee. Only one percent of funds are in hot storage while the rest is in cold storage. So there is a possibility that the withdrawal cannot be made immediately. Funds can be moved from cold storage to hot storage once a day if required. Therefore the withdrawal fee depends on the state of the network.
FTX offers a tiered fee structure.
It has stated producer fees of zero for the rest of 2020.
Funding fees are charged for perpetual contracts and are awarded to opposing contract holders.
It offers discounts to FTT holders. The participant fee cannot be lower than 0.015%. Your discount limit is based on your FTT holdings.
FTT . Discount
FTX charges 0.10% for the creation and redemption of leveraged tokens and 0.03% as a daily management fee.
If you use 50x leverage, your trading fee will increase by 0.02% and for 100x or higher, it will increase by 0.03% and be paid into the insurance fund.
Fees for moving contracts depend on the underlying metric and not on the price of the moving contract.
FTX does not charge you to deposit, withdraw, trade OTC or convert in your exchange wallet.
If your fiat/stablecoin deposit/withdrawal volume is more than your trading volume, you will be charged a withdrawal fee of up to 0.10%. They confirm this with you before setting this up
There are two types of fees: transaction fees and overnight fees. The transaction fee is for entering the position and the swap is for funding the position overnight.
The transaction fee is from 0.01 to 0.05%. You can also take advantage of a 30-day rotating volume discount.
300–600 BTC: 25% discount
600 + BTC: 50% off
Deribit offers two different levels of KYC - Level 0 and 1. Some basic information is required at Level 0, while at Level 1, proof of identity is required.
If you provide any false information, Deribit reserves the right to immediately close your account and liquidate any open positions. They have partnered with Chainalysis to track suspicious crypto transactions. You can complete your KYC in the verification tab in your account.
At any time, FTX may request additional details if any malicious activity is suspected.
No KYC verification required in PrimeXBT.
Deribit has an intuitive interface. They have an order matching engine with less than 1ms latency. The site supports both light and dark themes. Deribit also has an app for both Android and iOS. Deribit API integrates with trading bot software, such as Actant, HaasOnline and others.
The site is user-friendly and supports dark mode. Whenever you hover over a button, you get information about that feature. There are tons of videos, articles, and manuals on how to get started. It uses a standard chart from TradingViews. You can also customize this chart. Groups of order books, order entry forms, and more can be rearranged. You can chat with other users in the Trollbox chat window. They also have apps that support Android and iOS.
PrimeXBT has a simple and easy to use interface. The platform is fully customizable. You can rearrange the charts, market windows and widgets according to your needs. It allows you to change the spacing, color and grid. It has bar, candlestick and line charts.
You have access to 90 indicators available for technical analysis. The entire platform is built around widgets like messages, charts, order forms, and more.
You can install the primeXBT mobile app available for both Android and iOS devices. It helps you to track your transactions quickly. Try opening a free account here.
All three exchanges Deribit, FTX and PrimeXBT have extensive customer support.
Deribit always takes its customers seriously. It has a live chat box. and a Telegram channel for user interaction. Zqoon and MrJozza are the community managers. To contact their support staff, you can raise your ticket in deribit.zendesk.com.
You can also write to them at firstname.lastname@example.org and email@example.com. If you have any technical questions, you can write to them at firstname.lastname@example.org.
They also run a Youtube channel that has a lot of explainer videos. They can also be contacted via Twitter.
You can write to them at email@example.com. If you are in Korea, you can also contact them at firstname.lastname@example.org. They run a Telegram channel in more than ten languages. There is a detailed FAQ section available on their website. They also have a WeChat group (FTX_Official).
They also run a Youtube channel, where they regularly share updates on how to use the platform effectively.
It offers 24/7 customer support. You can write to them at email@example.com and firstname.lastname@example.org .
You can also contact them through their live chat feature, the account menu. Chat assistant responds quickly. Chat assistants usually initiate a conversation.
You can also contact them through their Telegram channel.
In short, if you are looking for good liquidity, FTX is the most liquid exchange. However, if you don't want KYC problems, try PrimeXBT. However, Deribit is promoting KYC, so it can be compliant and protect its users. All three exchanges have user-friendly interfaces. FTX has the most tradable products and Deribit and PrimeXBT are mostly popular for margin trading. In addition, investing in PrimeXBT helps you to copy other traders' strategies. This feature is not available with Deribit and FTX.
MULTIPLE ORDER TYPES
Execute a variety of advanced order types such as market, limit, and stop orders, as well as take profit, stop loss, and OCO orders (one cancels the other).
EASY TO USE
The user-friendly graphical interface and tutorials makes PrimeXBT easy to use for anyone, new or experienced.
LIVE TRANSPARENT PORTFOLIO REPORTING
Access real-time portfolio metrics and position performance data right at your fingertips, from anywhere in the world.