What is Deribit Testnet? Here's How to Join It

Deribit, one of the leading platforms for Bitcoin and Ethereum options and futures. But before risking real funds, many traders prefer to practice, and that’s where the Deribit Testnet comes in. 

In this article, we’ll break down what is Deribit Testnet and give you a step-by-step guide on how to join Deribit Testnet. Read this article to find out more!

What is Deribit Testnet?

The Deribit Testnet is a simulated trading environment designed to let users practice crypto derivatives trading without using real money. 

It’s a fully functional replica of the main Deribit platform, offering the same interface, features, and trading tools, but operating entirely with test coins.

This risk-free setup is ideal for:

1. New traders learning how Deribit works.

2. Experienced users testing out new strategies.

3. Developers and testers exploring upcoming platform features before they go live.

Every major update on Deribit is usually rolled out to the Testnet first, giving users a sneak peek of what’s coming.

Read More: What is RISE Testnet and How to Join?

Features on Deribit Testnet

The Deribit Testnet gives you access to most of the live platform’s features, including:

1. Futures trading

2. Perpetual swaps

3. Options trading

4. Risk management tools like Stop-Loss and Estimated Liquidation Price

5. Position management tools like Close Position at market or limit price

This makes it perfect for testing how these tools work in real market conditions, without the real market risk.

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Why Use the Deribit Testnet?

There are several reasons why the Deribit Testnet is worth trying, especially if you’re new to derivatives trading.

Here’s the key benefits of using Deribit Testnet:

1. No Real Money Involved: Trade using fake funds so there’s no financial risk.

2. Practice with Real Features: Experience the same tools as on the live platform, including Stop-Market orders and Close Position buttons.

3. Early Access to Features: Deribit often tests new features on the Testnet first, so you can experiment before others.

4. Risk-Free Strategy Testing: Test different trading strategies and get comfortable managing risk with tools like Estimated Liquidation Price.

By using the Testnet, you’ll get hands-on experience with Deribit’s interface and trading features, building your confidence for live trading later.

Read More: What is Rinkeby Testnet and How it Works?

How to Join Deribit Testnet

How to join the Deribit Testnet is straightforward and you don’t even need to upload any ID documents for verification.

Here’s the steps to register for Deribit Testnet:

1. Go to the Testnet Website: Visit Deribit Tesnet, which is separate from the live trading platform.

2. Click "Create Account": You’ll find this button on the homepage.

3. Fill in Your Details: Here’s what you’ll need to provide:

- Email address

- Username

- Country of residence

- Password

- Referral code (optional)

- Agree to the terms of service

4. Verify Your Email: After registration, Deribit will send you a confirmation email. Click the link to activate your account.

5. Set Up Two-Factor Authentication (2FA): For extra security, enable 2FA using an app like Google Authenticator. Although this is optional on Testnet, it’s good practice.

6. Start Trading on Testnet: Once your account is ready, you can start placing test trades using the fake balance provided by the platform.

Important Notes about Testnet:

Verification is Not Required: Unlike the live platform, you don’t need to submit KYC documents on Testnet.

Downtime Can Happen: The Deribit Testnet may go offline at any time for updates or maintenance, without prior notice.

Read More: Introduction OpenLedger Testnet 

Conclusion

If you’re serious about crypto derivatives trading, learning how to join Deribit Testnet is a smart first step. It’s a safe environment to practice, experiment with new strategies, and get familiar with Deribit’s powerful trading tools. 

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FAQ

What is Deribit Testnet?

Deribit Testnet is a risk-free demo version of the Deribit platform where users can practice crypto derivatives trading using fake funds.

How do I join the Deribit Testnet?

Go to Deribit Testnet, create an account, verify your email, and start trading with demo funds.

Is verification required for Deribit Testnet?

No, you don’t need to submit KYC documents to use the Testnet.

Does the Testnet offer the same features as the live Deribit platform?

Yes, most features including futures, options, and stop-loss tools are available for practice.

Can the Deribit Testnet go offline?

Yes, the Testnet may be taken down at any time for maintenance or updates without prior notice.