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
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Retail Level 1 | |
Corporate Level 0 | |
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.
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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.
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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
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