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