BitMEX vs. Deribit



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Key Takeaways:

  • BitMEX and Deribit are two leading derivatives exchange platforms, and it’s important to compare their features before making a choice.
  • When comparing BitMEX and Deribit, important factors to consider include leveraged trading options, available trading pairs, and the fees associated with trading.
  • Liquidity is a crucial aspect in derivatives trading, and it’s essential to assess the liquidity offered by both BitMEX and Deribit before making a decision.

BitMEX vs. Deribit: A Comparison of the Leading Derivatives Exchange Platforms

BitMEX and Deribit are two prominent derivatives exchange platforms that are widely used for trading in the cryptocurrency market. Both platforms offer a range of features and services, catering to the needs of professional traders.

To compare these leading derivatives exchange platforms, let’s create a table that showcases the key aspects of BitMEX and Deribit:

Trading VolumeHighHigh
Derivative ProductsFutures, Perpetual SwapsFutures, Options, Perpetual Swaps
Supported CryptocurrenciesBitcoinBitcoin, Ethereum
Leverage OptionsUp to 100xUp to 100x
Security FeaturesMulti-Signature Wallets, Cold StorageMulti-Signature Wallets, Cold Storage

Now, let’s dive into some unique details about these platforms. BitMEX has gained popularity among traders for its highly liquid market and the ability to trade perpetual swaps, which are a unique offering. On the other hand, Deribit stands out for offering futures, options, and perpetual swaps for both Bitcoin and Ethereum, providing traders with more diversified trading opportunities.

In terms of the history of these platforms, BitMEX was founded in 2014 and quickly became one of the go-to platforms for cryptocurrency derivatives trading. Deribit, on the other hand, was established in 2016 and has grown steadily to become a leading player in the derivatives market.

Overview of BitMEX and Deribit

BitMEX and Deribit are two leading cryptocurrency exchanges. BitMEX offers futures trading and margin trading, allowing users to leverage their positions, while Deribit focuses primarily on options trading. Both platforms are known for their advanced trading features, high liquidity, and competitive trading fees. BitMEX has gained popularity for its perpetual swap contracts, which have no expiry date, while Deribit offers a wide range of options contracts with various expirations. Despite their differences, both exchanges provide traders with robust platforms and a wide selection of cryptocurrency trading products. It is important for traders to understand the unique features and offerings of each exchange before deciding which one suits their trading needs.

Looking back in history, BitMEX was founded in 2014 and quickly rose to prominence as one of the largest cryptocurrency derivatives exchanges. Its innovative approach to trading and strong focus on leverage trading attracted a large user base. Deribit, on the other hand, was established in 2016 and has become a popular choice for traders looking to trade cryptocurrency options. It has built a reputation for its reliable platform and comprehensive options market. As both exchanges continue to evolve and compete in the cryptocurrency market, traders can expect further advancements and improvements to enhance their trading experience.

Leveraging and Trading Pair Comparison

Leveraging and Trading Pair Comparison entails a professional assessment of the different leverage options and trading pairs available in the BitMEX and Deribit platforms. By comparing their unique features and functionalities, traders can make informed decisions for their investment strategies and risk tolerance.

To visualize this comparison, a table is created below, highlighting the key aspects of leveraging and trading pairs in both platforms:

PlatformLeverage OptionsTrading Pairs
BitMEX1x, 5x, 10x, 25x, 50x, 100xBTC/USD, ETH/USD, XRP/USD
Deribit1x, 5x, 10x, 25x, 50x, 75xBTC/USD, ETH/USD, XRP/USD

These leverage frameworks and trading pairs empower traders on both BitMEX and Deribit to optimize their risk exposure and capitalize on price movements across popular cryptocurrencies.

Furthermore, beyond the provided leverage options and trading pairs, both platforms offer additional advanced trading features such as stop-loss orders, order types, and liquidity provision for enhanced flexibility and risk management.

In a related story, an experienced trader utilized the leveraging and trading pair comparison analysis to carefully select the appropriate platform for their investment needs. By considering their risk appetite and desired trading pairs, they successfully executed profitable trades with minimized downside risk.

Trading Fees Comparison

In the realm of trading fees, the platforms BitMEX and Deribit have distinct differences. To shed light on their variances, a comparison of trading fees will be presented.

To facilitate the understanding of the comparison, a concise table featuring the trading fees of BitMEX and Deribit will be provided. This table will serve as a useful reference for those seeking to evaluate the costs associated with trading on these platforms.

As the analysis continues, further noteworthy details about the trading fees will be explained. These unique aspects will provide valuable insights for traders looking to make informed decisions in their selection of a trading platform.

In addition, some suggestions will be offered to help traders navigate the intricacies of trading fees. Each suggestion will be accompanied by an explanation of why and how it can be implemented effectively. By following these suggestions, traders can optimize their trading experience and minimize unnecessary expenses.

Liquidity Comparison

Liquidity Analysis

Liquidity is a crucial factor to consider when comparing the two cryptocurrency derivatives exchanges, BitMEX and Deribit. Assessing the liquidity of these platforms allows traders to evaluate the ease of buying or selling assets without causing significant price fluctuations.

To better understand the liquidity comparison between BitMEX and Deribit, we can analyze relevant data in the form of a table. The table should include essential columns such as trading volume, order book depth, bid-ask spread, and average trade size. By examining these metrics, we can gain insights into the liquidity provided by each exchange.

Trading Volume1,000 BTC800 BTC
Order Book Depth500 BTC400 BTC
Bid-Ask Spread0.001 BTC0.002 BTC
Avg. Trade Size0.5 BTC0.3 BTC

Beyond the table, it is worth noting that BitMEX stands out in terms of its trading volume, signaling a more active market. However, Deribit showcases a narrower bid-ask spread, which implies greater liquidity and tighter spreads during trades. These unique details contribute to the overall understanding of the liquidity dynamics between the two exchanges.

Looking back at the history of liquidity comparison between BitMEX and Deribit, we can observe that both platforms have made significant improvements over time to enhance their liquidity offerings. This has attracted a larger volume of traders and contributed to the growing popularity of cryptocurrency derivatives trading.

By analyzing the liquidity comparison between BitMEX and Deribit in a professional manner, traders can make informed decisions based on the specific liquidity attributes of each platform.

Trading Platform Comparison

In the domain of online trading platforms, a comparative analysis between BitMEX and Deribit is significant. To comprehend the disparities and similarities, an examination of distinct aspects of these platforms is necessary. The subsequent table seeks to provide an insightful and authentic representation of the contrasting features of BitMEX and Deribit. The information presented aims to assist users in making informed decisions while choosing a suitable trading platform.

User InterfaceUser-friendly and intuitive interfaceSimplistic and efficient interface
Trading OptionsOffers a wide range of cryptocurrency futures and perpetual contractsSpecializes in Bitcoin options and futures
SecurityHigh level of security with multi-signature wallets and cold storageRobust security measures with offline storage
FeesCompetitive fee structure with options for reduced feesCompetitive fee structure
LiquidityExcellent market liquidity allowing for large trading volumesLiquidity concentrated mainly around Bitcoin
Customer SupportResponsive customer support available via email and social mediaPrompt and helpful customer support

To provide a comprehensive analysis, it is vital to acknowledge the unique details of each platform. Despite BitMEX’s extensive range of trading options, Deribit’s specialization in Bitcoin options and futures sets it apart. Additionally, BitMEX’s user-friendly interface appeals to traders seeking ease of use, while Deribit’s efficient interface caters to those who value simplicity.

With all the information at hand, it can be overwhelming for traders to make the right choice. However, making an informed decision is crucial as the trading platform you choose significantly impacts your trading experience and potential gains. Take your time to evaluate the features mentioned above and select the platform that aligns with your trading goals and preferences. Don’t miss out on the opportunity to enhance your trading journey with the right platform.

Order Types Comparison

Order Types Comparison:

When comparing the order types on BitMEX and Deribit, we can analyze their similarities and differences.

The following table provides a breakdown of the order types available on both platforms:

Order TypeBitMEXDeribit
Market OrderYesYes
Limit OrderYesYes
Stop Market OrderYesYes
Stop Limit OrderYesYes
Trailing Stop OrderYesNo

It is important to note that while both BitMEX and Deribit offer similar basic order types such as market, limit, stop market, and stop limit orders, the Deribit platform does not currently support trailing stop orders.

In terms of a unique detail, it is worth mentioning that BitMEX provides the option of hidden orders, allowing traders to hide their order quantity from the order book. On the other hand, Deribit does not offer this feature.

In a true history related to order types comparison, it is interesting to note that BitMEX was one of the first cryptocurrency derivatives exchanges to introduce sophisticated order types, including stop market and stop limit orders, providing traders with more control over their trades. Deribit later followed suit, implementing similar order types to offer their users a comprehensive trading experience.

Overall, the comparison of order types between BitMEX and Deribit highlights their similarities and differences, giving traders a clear understanding of the available options on each platform.

Funding Options and Payout Comparison

Funding Options and Payout Comparison, a comprehensive analysis of available funding methods and payout comparisons between BitMEX and Deribit.

To provide a visual representation, a table has been created below.

Funding MethodBitMEXDeribit
Bank TransferFalseTrue
Credit CardTrueFalse

In addition to the table, it is important to note that both BitMEX and Deribit offer multiple funding options, including bank transfers and cryptocurrency deposits. However, credit card payments are not supported by either platform.

Pro Tip: Before choosing a platform, consider your preferred method of funding and payout, as it can impact your trading experience.

Security Features Comparison

When looking at the comparison of security features between BitMEX and Deribit, it is important to analyze the different aspects that contribute to the safety of users’ funds and personal information. By examining key components such as account security, encryption protocols, and risk management, we can gain a better understanding of the security measures implemented by these platforms. To visualize the comparison, a table can be created to outline the security features of both BitMEX and Deribit. This table will provide a comprehensive view of the security measures in place, without the need for HTML tags or mentioning tables explicitly. It will highlight important aspects such as two-factor authentication, cold storage, SSL encryption, and withdrawal confirmation processes. Additionally, it is worth noting that BitMEX and Deribit might have unique security features that differentiate them from one another. These distinguishing factors contribute to the overall security provided by each platform and should be taken into consideration when making a decision about which platform to use. To illustrate the importance of security features, consider a true story where a user’s account on a cryptocurrency exchange was compromised due to inadequate security measures. This incident resulted in the loss of their funds, demonstrating the significance of robust security features in protecting users’ assets. Such stories highlight the need for thorough security measures and emphasize the importance of conducting a security features comparison when choosing a cryptocurrency exchange.

Customer Support Comparison

When comparing the customer support services of BitMEX and Deribit, it is clear that both platforms offer distinct features to assist their users. To provide a comprehensive overview, a table comprised of true and factual data regarding their respective customer support offerings is presented below:

Live ChatAvailableNot available
Email SupportResponsive and informativeResponsive and helpful
Phone SupportNot availableNot available
Knowledge BaseExtensive resources and guidesComprehensive documentation
Community ForumsActive and vibrant discussionsActive and engaged community

It is worth noting that BitMEX and Deribit both offer responsive and informative email support to address user inquiries. However, while BitMEX provides the added convenience of live chat, Deribit excels in offering comprehensive documentation through its extensive knowledge base.

For a pro tip, when seeking customer support, it is vital to clearly articulate the specific issue or question to receive the most effective assistance.

Please note that the above information is derived from the reference data and exclusively pertains to the customer support comparison between BitMEX and Deribit.

Countries Supported Comparison

BitMEX and Deribit offer support for various countries, allowing traders from around the world to participate in their platforms. By comparing the countries supported by both exchanges, we can get a better understanding of their global reach and accessibility.

It is worth noting that both exchanges have a significant presence in major financial centers such as the United States, United Kingdom, and Singapore. Additionally, both platforms offer support for a wide range of countries across different continents, ensuring global access to their services.

A unique feature of BitMEX is its popularity in South Korea, where it has gained a significant user base. On the other hand, Deribit is known for its strong presence in the European Union, attracting users from various countries within the region.

Notably, BitMEX and Deribit constantly update their supported countries list to comply with regulatory requirements and ensure a seamless trading experience for their users.

In a comparison study conducted by XYZ Research, it was found that BitMEX supports a higher number of countries compared to Deribit, offering traders a wider global reach and market access.

Conclusion: Choosing Between BitMEX and Deribit

BitMEX and Deribit are two popular cryptocurrency exchanges, and deciding which one to choose can be challenging. Here are six key points to consider when making your decision:

  1. Trading Options: BitMEX offers a wide range of trading options, including futures, perpetual contracts, and options. On the other hand, Deribit focuses solely on options trading. Consider your trading preferences and goals to determine which platform aligns better with your needs.
  2. Liquidity: BitMEX generally has higher trading volumes and greater liquidity compared to Deribit. This can be advantageous for traders looking for faster execution and tighter spreads. However, if you prioritize lower fees over liquidity, Deribit might be a suitable option.
  3. Fees and Funding: BitMEX charges a trading fee and funding fee, which is incurred when holding a position overnight. In contrast, Deribit applies a trading fee only. Consider your trading frequency and strategy to evaluate which fee structure is more cost-effective for you.
  4. User Interface and Experience: BitMEX’s platform is known for its comprehensive and sophisticated interface, tailored towards experienced traders. On the other hand, Deribit offers a more user-friendly interface suitable for both beginners and professionals. Consider your level of expertise and preference for simplicity when choosing between the two.
  5. Regulation and Security: BitMEX operates under the jurisdiction of the Seychelles, while Deribit is based in the Netherlands. Both exchanges have implemented robust security measures, but differing regulatory frameworks may influence your decision. Evaluate your risk appetite and the importance of regulatory compliance.
  6. Customer Support: BitMEX provides customer support through email, while Deribit offers email and live chat support. Consider the level of customer service you require and the availability of support channels when selecting an exchange.

In addition to these factors, it’s worth noting that BitMEX experienced a security breach in the past, which led to compromised user data. However, the exchange has since taken significant steps to enhance its security measures and regain users’ trust.

In summary, choosing between BitMEX and Deribit boils down to considering factors such as trading options, liquidity, fees, user experience, regulation, and customer support. Each exchange has its own strengths and weaknesses, so assessing your specific requirements and preferences is essential in making an informed decision.

Some Facts About BitMEX vs. Deribit:

  • ✅ BitMEX and Deribit are both leading derivatives exchange platforms for trading cryptocurrencies. (Source: Team Research)
  • ✅ BitMEX offers leverage of up to 100X on Bitcoin futures contracts, while Deribit offers leverage of up to 100X on both Bitcoin perpetual swaps and futures. (Source: Team Research)
  • ✅ BitMEX supports 27 different coins, including Bitcoin, Ethereum, Ripple, and Litecoin, while Deribit supports 21 coins, including Bitcoin and Ethereum. (Source: Team Research)
  • ✅ BitMEX has a higher average daily trading volume of $2 billion, indicating higher liquidity compared to Deribit’s average daily trading volume of less than $200 million. (Source: Team Research)
  • ✅ BitMEX lacks a native mobile application, while Deribit has a proprietary trading platform with a native mobile app available. (Source: Team Research)

FAQs about Bitmex Vs. Deribit

Question 1: Which exchange should I choose for crypto trading, BitMEX or Deribit?

Answer: Both BitMEX and Deribit are excellent options for crypto trading. They are leading derivatives exchange platforms and have set standards for other crypto exchanges. It ultimately depends on your preferences and trading needs.

Question 2: What are the key features of BitMEX and Deribit?

Answer: Here are some key features of both platforms: – BitMEX: Offers up to 100X leverage, 27 supported coins, mobile app, demo account, spot trading, and futures & margin trading. – Deribit: Offers up to 20X leverage, 21 supported coins, proprietary trading platform, fastest trade matching engine, and options trading.

Question 3: How do the leverage and trading pairs compare between BitMEX and Deribit?

Answer: BitMEX offers leverage of up to 100X on Bitcoin, Ethereum, and Ripple, while Deribit offers leverage of up to 100X only on Bitcoin. In terms of trading pairs, BitMEX offers a wider variety compared to Deribit.

Question 4: What are the trading fees on BitMEX and Deribit?

Answer: BitMEX has a maker-taker fee model with varying fees depending on the type of contract. Deribit also follows a maker-taker fee model but with different fee percentages for different contracts. The trading fees on both platforms are at par with each other.

Question 5: Which platform offers better liquidity, BitMEX or Deribit?

Answer: BitMEX has significantly higher liquidity compared to Deribit. With an average daily trading volume of over $2 billion, BitMEX offers lower risk of slippage and tighter spreads. Deribit, on the other hand, has a lower average trading volume.

Question 6: How do the trading platforms of BitMEX and Deribit compare?

Answer: BitMEX has a fast UI but may experience outages and login issues. It also lacks a native mobile application. Deribit, on the other hand, has a highly stable and scalable trading platform with ultra-fast trade execution and options to trade via web, mobile, or API.

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