Deribit Know Your Customer (KYC) Requirements

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. 


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 phone's 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.

Accepted IDs for KYC process Deribit
Please find below a list of countries with the IDs that our automated verification process accepts. If you only have IDs that are not supported by us, please send an email to compliance@deribit.com. 


CountryID CardPassportDriver’s licenseCountryID CardPassportDriver’s license
Afghanistan✔️Kyrgyzstan✔️
Aland IslandsLao Peoples Democratic Republic of✔️
Albania✔️✔️✔️Latvia✔️✔️✔️
Algeria✔️Lebanon✔️
American SamoaLesotho✔️
Andorra✔️Liberia✔️
Angola✔️Libyan Arab Jamahiriya✔️
Anguilla✔️Liechtenstein✔️✔️✔️
AntarcticaLithuania✔️✔️✔️
Antigua and Barbuda✔️Luxembourg✔️✔️✔️
Argentina✔️✔️✔️Macao✔️✔️
Armenia✔️✔️Macedonia The former Yugoslav Republic of✔️✔️✔️
ArubaMadagascar✔️
Australia✔️✔️✔️Malawi✔️
Austria✔️✔️✔️Malaysia✔️✔️✔️
Azerbaijan✔️Maldives✔️
Bahamas✔️✔️✔️Mali✔️
Bahrain✔️✔️✔️Malta✔️✔️✔️
Bangladesh✔️✔️✔️Marshall Islands✔️
Barbados✔️✔️✔️Martinique
Belarus✔️✔️Mauritania✔️
Belgium✔️✔️✔️Mauritius✔️✔️
Belize✔️Mayotte
Benin✔️✔️Mexico✔️✔️✔️
Bermuda✔️Federated States of Micronesia ✔️
Bhutan✔️Republic of Moldova ✔️✔️✔️
Bolivia✔️✔️Monaco✔️
Bonaire Sint Eustatius and SabaMongolia✔️✔️✔️
Bosnia and Herzegovina✔️✔️Montenegro✔️✔️✔️
Botswana✔️✔️✔️Montserrat✔️
Bouvet IslandMorocco✔️✔️
Brazil✔️✔️✔️Mozambique✔️
British Indian Ocean TerritoryMyanmar✔️
Brunei Darussalam✔️✔️Namibia✔️
Bulgaria✔️✔️✔️Nepal✔️✔️✔️
Burkina Faso✔️Netherlands✔️✔️✔️
Burundi✔️New Caledonia
Cambodia✔️New Zealand✔️✔️✔️
Cameroon✔️✔️✔️Nicaragua✔️✔️
Canada✔️✔️✔️Niger✔️
Cape Verde✔️Nigeria✔️✔️✔️
Cayman Islands✔️Niue
Central African Republic✔️Norfolk Island
Chad✔️Norway✔️✔️✔️
Chile✔️✔️✔️Oman✔️✔️✔️
China✔️✔️✔️Pakistan✔️✔️
Christmas IslandPalau✔️
Cocos Keeling IslandsPalestinian Occupied Territory✔️
Colombia✔️✔️✔️Papua New Guinea✔️
Comoros✔️Paraguay✔️✔️✔️
Congo✔️Peru✔️✔️✔️
Congo The Democratic Republic of✔️Philippines✔️✔️✔️
Cook IslandsPitcairn
Costa Rica✔️✔️✔️Poland✔️✔️✔️
Cote d'Ivoire✔️Portugal✔️✔️✔️
Croatia✔️✔️✔️Puerto Rico✔️✔️
Cuba✔️✔️Qatar✔️✔️
CuracaoReunion
Cyprus✔️✔️Romania✔️✔️✔️
Czech Republic✔️✔️✔️Russian Federation✔️✔️✔️
Denmark✔️✔️✔️Rwanda✔️✔️
Djibouti✔️Saint Helena Ascension and Tristan da Cunha
Dominica✔️Saint Kitts and Nevis✔️
Dominican Republic✔️✔️Saint Lucia✔️
Ecuador✔️✔️✔️Saint Martin
Egypt✔️Saint Pierre and Miquelon
El Salvador✔️✔️✔️Saint Vincent and the Grenadines✔️
Equatorial Guinea✔️San Marino✔️
Eritrea✔️Sao Tome and Principe✔️
Estonia✔️✔️✔️Saudi Arabia✔️✔️
Ethiopia✔️Senegal✔️✔️
Falkland Islands MalvinasSerbia✔️✔️✔️
Faroe Islands✔️✔️Seychelles✔️
Fiji✔️Sierra Leone✔️✔️
Finland✔️✔️✔️Singapore✔️✔️
France✔️✔️✔️Sint Maarten
French GuianaSlovakia✔️✔️✔️
French PolynesiaSlovenia✔️✔️✔️
French Southern TerritoriesSouth Africa✔️✔️✔️
Gabon✔️South Georgia and the South Sandwich Islands
Gambia✔️South Sudan✔️
Georgia✔️✔️✔️Spain✔️✔️✔️
Germany✔️✔️✔️Sri Lanka✔️✔️✔️
Ghana✔️✔️✔️Sudan✔️
Gibraltar✔️✔️✔️Suriname✔️
Greece✔️✔️✔️Swaziland✔️
GreenlandSweden✔️✔️✔️
Grenada✔️Switzerland✔️✔️✔️
GuadeloupeSyrian Arab Republic✔️
Guam✔️✔️Taiwan✔️✔️✔️
Guatemala✔️✔️✔️Tajikistan✔️
Guernsey✔️✔️United Republic of Tanzania ✔️
Guinea✔️Thailand✔️✔️
Guinea Bissau✔️Timor Leste✔️
Guyana✔️Togo✔️
Haiti✔️✔️Tokelau
Heard Island and McDonald IslandsTonga✔️
Holy See Vatican City StateTrinidad and Tobago✔️
Honduras✔️✔️✔️Tunisia✔️✔️
Hong Kong✔️Turkey✔️✔️✔️
Hungary✔️✔️✔️Turkmenistan✔️
Iceland✔️✔️Turks and Caicos Islands✔️✔️✔️
India✔️✔️✔️Uganda✔️✔️✔️
Indonesia✔️✔️✔️Ukraine✔️✔️✔️
Iran Islamic Republic of✔️United Arab Emirates✔️✔️✔️
Iraq✔️United Kingdom✔️✔️✔️
Ireland✔️✔️✔️United States✔️✔️✔️
Isle of Man✔️✔️United States Minor Outlying Islands
Israel✔️✔️Uruguay✔️✔️✔️
Italy✔️✔️✔️Uzbekistan✔️
Jamaica✔️✔️✔️Vanuatu✔️
Japan✔️✔️✔️Bolivarian Republic of Venezuela ✔️✔️✔️
Jersey✔️✔️Vietnam✔️✔️
Jordan✔️Virgin Islands British✔️
Kazakhstan✔️✔️Virgin Islands US✔️
Kenya✔️✔️Wallis and Futuna
Korea (South)✔️✔️✔️Western Sahara
Kosovo✔️Yemen✔️
Kuwait✔️✔️✔️Zambia✔️
Zimbabwe✔️