Deribit Register

Jan 02, 2024 1853 0

How to Register at Deribit

How to Register a Deribit Account on Web【PC】

1. Visit deribit.com and click "Don’t have an account?" or go directly to the registration page: https://www.deribit.com/register

2. On the registration page, sign up using your email address:

a. Input your "Email address" , "Username" and add a strong "Password".

b. Select "Country of residence".

c. Tick the box if you have read and agreed to the Terms of Service and Privacy Policy of Deribit.

d. Then, click "Register".

A verification email is sent to your email address. Get started by clicking the the link inside!

A Deribit account has been created successfully.

How to Register a Deribit Account on Web【Mobile】

How to Download Deribit APP?

1. Visit deribit.com and you will find "Download" at the bottom left of the page, or you can visit our download page.

The mobile app for iOS is downloadable in the iOS App store: https://itunes.apple.com/us/app/deribit/id1293674041?l=nlls=1mt=8.
The mobile app for Android is downloable in the Google Play store: https://play.google.com/store/apps/details?id=com.deribithl=en.

Based on your mobile phone operations system, you can choose "Android Download" or "iOS Download".

2. Press GET to download it.

3. Press Open to open your Deribit App to get started.

Is there a demo account functionality for newbies to try out the exchange?

Sure. You can go to https://test.deribit.com. Create a new account over there and test what you like.

How to Verify Account at Deribit

We would like to know our customers. Therefore, we ask our (potential) customers for personal details and identification documents that we will verify. Its purpose is to prevent money laundering, financing of terrorism and other illegal activities. Furthermore, these measures will protect our clients from unauthorized use of their Deribit account.

Since September 2021 we have added another security measure to our KYC process. New individual (non-corporate) clients are required to complete a liveness check. This means an extra step in the verification process where a new user has to look into the camera, so our ID verification software can check if the person is the same person as the person in the ID that has been provided. This way, we minimize identity fraud.

Existing clients do not have to complete the additional step of the liveness check.

KYC requirements

Going forward, all new clients need to provide the following information:

Personal details (full name, residential address details, country of residence, date of birth)
Identification document (passport, driver’s license, ID card)
Liveness check (camera required) NEW
Proof of residence (bank statement, utility bill, credit card statement, document local authorities, tax bill)

Additional information or documentation can be requested at the discretion of our Compliance team.

You can check the status of your account in the tab Verification of the menu My Account.

Deribit reserves the right to immediately close any of your accounts and liquidate any open positions if it is determined that you have provided false information about your identity or place of residence.

Corporate accounts
Please find more information on our verification process for corporate accounts here.

KYC AML Policy Summary

	What	How
KYC Retail	Full Name Email address Date of birth Address details Country of residence ID Liveness check Proof of residence	The verification of documents and the liveness check is processed by Jumio.
AML	Monitoring of cryptocurrency addresses and transactions. This allows us to detect OFAC sanctioned addresses and suspicious coins from transactions related to theft, scams, hacks, darknet markets, money laundering, financing terrorism and other illegal activities.	A Chainalysis software solution.
Watchlist	Automated screening of (potential) customers against a global database of Sanctions and Watchlists, Politically exposed persons (PEPs), and Adverse Media.	A Comply Advantage software solution.
IP address checks for account creation and logins	If the IP address of the visitor of our website is from a Restricted Country, then it is not possible to create an account.	IP block for account creations and continuous monitoring of the IP address used for logins to verify the origin.

KYC Procedure

The KYC procedure is accessible in the ‘Verification’ tab in the menu My Account in your account.

How to Register and Verify Account in Deribit

When uploading your photo ID:

Ensure that your document is valid and not expired, without hole punches or other modifications
Ensure your document is in a well-lit area without glare. Natural sunlight is best
Photograph the entire document and avoid cutting off any corners or sides
Ensure the ID is fully visible and in focus
Use the Chrome browser to complete the verification
Try using your mobile device. In some instances, you can use the mobile app to complete the ID verification step using your phones camera
Make sure the app or program you use to take the pictures does not add any logos or watermarks
Do not obfuscate any information on the ID

Sharing of client information with third parties

For the verification of ID and proof of residence documents, we have implemented the software of Jumio. Jumio has achieved certifications against PCI DSS and ISO/IEC 27001:2013 securing the data of their customers and is committed to continuous risk management.
We also work with Chainalysis for the monitoring of cryptocurrency addresses and transactions (KYT or Know Your Transaction). This allows us to detect OFAC legal activities. ID documents and proof of residence documents are not shared with Chainalysis.
Besides properly validated law enforcement sanctioned addresses and suspicious coins from transactions related to theft, scams, hacks, darknet markets, money laundering, financing terrorism, and other illegal activities, Deribit does not proactively share data with government agencies.