Deribit Know Your Customer (KYC) Requirements

Deribit KYC - AML Programme Update as of 9 November 2020


As of 9 November 2020, we will require all new clients to obtain the verified status before they can start trading. This will imply providing an ID document plus proof of residence. This means going forward only Verified clients will be able to make deposits and trade.


The distinctions between current Level 0 and Level 1 clients (e.g. ability to perform block trades, daily withdrawal limitations) will no longer exist. 


Current clients will be required to obtain the Verified status before 9 December 2020 by uploading both required documents (if they have not done so already). 


Current corporate accounts that have completed level 1 of our verification process do not need to provide any additional information. They will automatically be updated to the status Verified. 


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


You can verify the status of your account here.


Current KYC status

Additional information required

Retail Level 0

  • ID document 

  • Proof of residence 

Retail Level 1

  • Proof of residence 

Corporate Level 0

  • Incorporation documents

  • Ownership structure

  • Register of shareholders and directors

  • ID documents & proof of residence of the directors and UBO’s

Corporate Level 1

No further requirements


New mandatory requirement proof of residence 

Every customer of Deribit is required to provide a document that reflects the country of residence. As proof of residence, we accept a utility bill, bank statement, tax bill or document from the local authorities. Additional information or documentation can be requested at the discretion of our Compliance team.


Reduce Only Mode 

Existing clients that have not abided by these requirements before 9 December 2020 will be put on Reduce Only Mode which implies the following:

  • The client is no longer able to engage in new trades (open new positions).

  • The client is only able to close positions and withdraw funds. 

  • All open (limit) orders that could enlarge the open positions will be canceled. 

  • This mode is a Deribit account-wide (incl sub-accounts) setting and impacts all ways of accessing the platform (web  API, app, and using partners).

  • Deribit will not force close open positions.

  • Partner or affiliate payments will still be processed. 


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 location or place of residence. 



KYC AML Policy Summary

 


What

How

KYC Retail

  • Full Name

  • Email address 

  • Date of birth

  • Address details

  • Country of residence

  • ID document 

  • Proof of residence 

The verification of documents 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. 


The overview of acceptable IDs via automatic upload is shown below. Please reach out via support@deribit.com should your ID not be stated in the overview. 


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.



Deribit accepted IDs

 

Country

ID Card

Passport

Driver license

Afghanistan

No

Yes

No

Aland Islands

No

No

No

Albania

Yes

Yes

Yes

Algeria

No

Yes

No

American Samoa

No

No

No

Andorra

No

Yes

No

Angola

No

Yes

No

Anguilla

No

Yes

No

Antarctica

No

No

No

Antigua and Barbuda

No

Yes

No

Argentina

Yes

Yes

Yes

Armenia

Yes

Yes

No

Aruba

No

No

No

Australia

Yes

Yes

Yes

Austria

Yes

Yes

Yes

Azerbaijan

No

Yes

No

Bahamas

Yes

Yes

Yes

Bahrain

Yes

Yes

Yes

Bangladesh

Yes

Yes

Yes

Barbados

Yes

Yes

Yes

Belarus

No

Yes

Yes

Belgium

Yes

Yes

Yes

Belize

No

Yes

No

Benin

Yes

Yes

No

Bermuda

No

Yes

No

Bhutan

No

Yes

No

Bolivia

Yes

Yes

No

Bonaire Sint Eustatius and Saba

No

No

No

Bosnia and Herzegovina

Yes

Yes

No

Botswana

Yes

Yes

Yes

Bouvet Island

No

No

No

Brazil

Yes

Yes

Yes

British Indian Ocean Territory

No

No

No

Brunei Darussalam

No

Yes

Yes

Bulgaria

Yes

Yes

Yes

Burkina Faso

No

Yes

No

Burundi

No

Yes

No

Cambodia

No

Yes

No

Cameroon

Yes

Yes

Yes

Canada

Yes

Yes

Yes

Cape Verde

No

Yes

No

Cayman Islands

No

Yes

No

Central African Republic

No

Yes

No

Chad

No

Yes

No

Chile

Yes

Yes

Yes

China

Yes

Yes

Yes

Christmas Island

No

No

No

Cocos Keeling Islands

No

No

No

Colombia

Yes

Yes

Yes

Comoros

No

Yes

No

Congo

No

Yes

No

Congo The Democratic Republic of

No

Yes

No

Cook Islands

No

No

No

Costa Rica

Yes

Yes

Yes

Cote d'Ivoire

No

Yes

No

Croatia

Yes

Yes

Yes

Cuba

Yes

Yes

No

Curacao

No

No

No

Cyprus

Yes

Yes

No

Czech Republic

Yes

Yes

Yes

Denmark

Yes

Yes

Yes

Djibouti

No

Yes

No

Dominica

No

Yes

No

Dominican Republic

Yes

Yes

No

Ecuador

Yes

Yes

Yes

Egypt

No

Yes

No

El Salvador

Yes

Yes

Yes

Equatorial Guinea

No

Yes

No

Eritrea

No

Yes

No

Estonia

Yes

Yes

Yes

Ethiopia

No

Yes

No

Falkland Islands Malvinas

No

No

No

Faroe Islands

No

Yes

Yes

Fiji

No

Yes

No

Finland

Yes

Yes

Yes

France

Yes

Yes

Yes

French Guiana

No

No

No

French Polynesia

No

No

No

French Southern Territories

No

No

No

Gabon

No

Yes

No

Gambia

No

Yes

No

Georgia

Yes

Yes

Yes

Germany

Yes

Yes

Yes

Ghana

Yes

Yes

Yes

Gibraltar

Yes

Yes

Yes

Greece

Yes

Yes

Yes

Greenland

No

No

No

Grenada

No

Yes

No

Guadeloupe

No

No

No

Guam

Yes

No

Yes

Guatemala

Yes

Yes

Yes

Guernsey

No

Yes

Yes

Guinea

No

Yes

No

Guinea Bissau

No

Yes

No

Guyana

No

Yes

No

Haiti

No

Yes

Yes

Heard Island and McDonald Islands

No

No

No

Holy See Vatican City State

No

No

No

Honduras

Yes

Yes

Yes

Hong Kong

Yes

Yes

No

Hungary

Yes

Yes

Yes

Iceland

No

Yes

Yes

India

Yes

Yes

Yes

Indonesia

Yes

Yes

Yes

Iran Islamic Republic of

No

Yes

No

Iraq

No

Yes

No

Ireland

Yes

Yes

Yes

Isle of Man

No

Yes

Yes

Israel

No

Yes

Yes

Italy

Yes

Yes

Yes

Jamaica

Yes

Yes

Yes

Japan

Yes

Yes

Yes

Jersey

No

Yes

Yes

Jordan

No

Yes

No

Kazakhstan

Yes

Yes

No

Kenya

Yes

Yes

No

Korea (South)

Yes

Yes

Yes

Kosovo

No

Yes

No

Kuwait

Yes

Yes

Yes

Kyrgyzstan

No

Yes

No

Lao Peoples Democratic Republic of

No

Yes

No

Latvia

Yes

Yes

Yes

Lebanon

No

Yes

No

Lesotho

No

Yes

No

Liberia

No

Yes

No

Libyan Arab Jamahiriya

No

Yes

No

Liechtenstein

Yes

Yes

Yes

Lithuania

Yes

Yes

Yes

Luxembourg

Yes

Yes

Yes

Macao

Yes

Yes

No

Macedonia The former Yugoslav Republic of

Yes

Yes

Yes

Madagascar

No

Yes

No

Malawi

No

Yes

No

Malaysia

Yes

Yes

Yes

Maldives

No

Yes

No

Mali

No

Yes

No

Malta

Yes

Yes

Yes

Marshall Islands

No

Yes

No

Martinique

No

No

No

Mauritania

No

Yes

No

Mauritius

Yes

Yes

No

Mayotte

No

No

No

Mexico

Yes

Yes

Yes

Micronesia Federated States of

No

Yes

No

Moldova Republic of

Yes

Yes

Yes

Monaco

No

Yes

No

Mongolia

Yes

Yes

Yes

Montenegro

Yes

Yes

Yes

Montserrat

No

Yes

No

Morocco

Yes

Yes

No

Mozambique

No

Yes

No

Myanmar

No

Yes

No

Namibia

No

Yes

No

Nepal

Yes

Yes

Yes

Netherlands

Yes

Yes

Yes

New Caledonia

No

No

No

New Zealand

Yes

Yes

Yes

Nicaragua

Yes

Yes

No

Niger

No

Yes

No

Nigeria

Yes

Yes

Yes

Niue

No

No

No

Norfolk Island

No

No

No

Norway

Yes

Yes

Yes

Oman

Yes

Yes

Yes

Pakistan

Yes

Yes

No

Palau

No

Yes

No

Palestinian Occupied Territory

No

Yes

No

Papua New Guinea

No

Yes

No

Paraguay

Yes

Yes

Yes

Peru

Yes

Yes

Yes

Philippines

Yes

Yes

Yes

Pitcairn

No

No

No

Poland

Yes

Yes

Yes

Portugal

Yes

Yes

Yes

Puerto Rico

Yes

No

Yes

Qatar

No

Yes

Yes

Reunion

No

No

No

Romania

Yes

Yes

Yes

Russian Federation

Yes

Yes

Yes

Rwanda

Yes

Yes

No

Saint Helena Ascension and Tristan da Cunha

No

No

No

Saint Kitts and Nevis

No

Yes

No

Saint Lucia

No

Yes

No

Saint Martin

No

No

No

Saint Pierre and Miquelon

No

No

No

Saint Vincent and the Grenadines

No

Yes

No

San Marino

No

Yes

No

Sao Tome and Principe

No

Yes

No

Saudi Arabia

No

Yes

Yes

Senegal

Yes

Yes

No

Serbia

Yes

Yes

Yes

Seychelles

No

Yes

No

Sierra Leone

Yes

Yes

No

Singapore

Yes

Yes

Yes

Sint Maarten

No

No

No

Slovakia

Yes

Yes

Yes

Slovenia

Yes

Yes

Yes

South Africa

Yes

Yes

Yes

South Georgia and the South Sandwich Islands

No

No

No

South Sudan

No

Yes

No

Spain

Yes

Yes

Yes

Sri Lanka

Yes

Yes

Yes

Sudan

No

Yes

No

Suriname

No

Yes

No

Swaziland

No

Yes

No

Sweden

Yes

Yes

Yes

Switzerland

Yes

Yes

Yes

Syrian Arab Republic

No

Yes

No

Taiwan

Yes

Yes

Yes

Tajikistan

No

Yes

No

Tanzania United Republic of

No

Yes

No

Thailand

Yes

Yes

No

Timor Leste

No

Yes

No

Togo

No

Yes

No

Tokelau

No

No

No

Tonga

No

Yes

No

Trinidad and Tobago

No

Yes

No

Tunisia

No

Yes

Yes

Turkey

Yes

Yes

Yes

Turkmenistan

No

Yes

No

Turks and Caicos Islands

Yes

Yes

Yes

Uganda

Yes

Yes

Yes

Ukraine

Yes

Yes

Yes

United Arab Emirates

Yes

Yes

Yes

United Kingdom

Yes

Yes

Yes

United States

Yes

Yes

Yes

United States Minor Outlying Islands

No

No

No

Uruguay

Yes

Yes

Yes

Uzbekistan

No

Yes

No

Vanuatu

No

Yes

No

Venezuela Bolivarian Republic of

Yes

Yes

Yes

Vietnam

Yes

Yes

No

Virgin Islands British

No

Yes

No

Virgin Islands US

No

No

Yes

Wallis and Futuna

No

No

No

Western Sahara

No

No

No

Yemen

No

Yes

No

Zambia

No

Yes

No

Zimbabwe

No

Yes

No