In the fast‑paced world of cryptocurrency derivatives trading — whether futures, perpetuals, or options — trading fees can add up quickly. For frequent traders, those fees can eat significantly into profits. That’s where referral codes come in handy. For new users of Deribit, using a code like “20121.8993” can offer tangible cost savings.
In this article, we’ll explore: what Deribit is; how referral codes work; the specific benefits of referral code “20121.8993”; how to sign up and activate the discount; potential savings scenarios; and what to watch out for.
What is Deribit?
Deribit is a cryptocurrency derivatives exchange that specializes in futures and options trading — particularly for major assets like Bitcoin (BTC) and Ethereum (ETH). cryptoglue.com+2support.deribit.com+2
Unlike spot‑only exchanges, Deribit focuses on advanced, leveraged trading, offering features such as high liquidity, professional‑grade order books, options and futures with competitive fees, and tools suitable for both experienced and newer derivatives traders. InviteCodes.Org+2support.deribit.com+2
Deribit’s fee schedule generally follows a maker/taker model. For example (as per the public fee structure): taker fees may be around 0.05% for USDC perpetuals/futures, while maker orders often pay no fee. support.deribit.com
Given these relatively low base fees, even a modest discount can yield meaningful savings — especially for high-volume or frequent traders.
What Are Referral Codes, and Why Do Crypto Exchanges Use Them?
A referral code is essentially an affiliate‑driven incentive program. Exchanges like Deribit use referral/affiliate codes to encourage existing users (affiliates) to invite new users and grow the platform, while giving newcomers a benefit — commonly in the form of reduced fees or bonuses. Simplecryptoguide.com+2support.deribit.com+2
For the user signing up:
Gets a trading‑fee discount (e.g. 10%) or other perks. deribitreferral.com+2Deribit Referral Code "20121.8993"+2
Sometimes may get initial bonus credits or special welcome perks (depending on code and promotion). InviteCodes.Org+2Social Capital Markets+2
For the referrer / affiliate:
Earns a portion of trading fees generated by referred traders. In Deribit’s case: affiliates may receive up to 20% commission on fees from referred users, at least for the initial period. support.deribit.com+2MoneysMyLife+2
Over time (after the first 6 months), commissions may decrease (but still apply) depending on the affiliate program structure. support.deribit.com+1
Overall, referral codes represent a win-win for both the platform and users — the exchange gains more users, the referrer earns commissions, and the new user gets lower trading costs or bonuses. Simplecryptoguide.com+2cryptoglue.com+2
Referral Code “20121.8993” — What It Provides
✅ Key Benefits
Using the referral code “20121.8993” on Deribit offers the following (as commonly advertised by sites promoting the code): Deribit Referral Code "20121.8993"+2InviteCodes.Org+2
10% discount on trading fees — for (at least) the first 6 months after signup. Deribit Referral Code "20121.8993"+2support.deribit.com+2
In some promotions, additional bonuses or perks (e.g. initial credits) — though such bonuses can vary and are subject to terms. InviteCodes.Org+1
Access to the full suite of Deribit’s derivatives trading features: futures, perpetuals, options on major cryptocurrencies like BTC/ETH. InviteCodes.Org+2cryptoglue.com+2
Advantage for active or high-volume traders: lower fees directly improve net profit margins, especially for frequent traders, scalpers, or options traders executing multiple leg strategies. Deribit Referral Code "20121.8993"+2MoneysMyLife+2
💡 Why This Matters
On a platform where fees are already relatively competitive, reducing them further by 10% can lead to noticeable savings over time — especially for frequent traders.
Lower fees improve risk‑adjusted profitability; even when trades are small or occasional, reduced costs help preserve capital.
For derivatives trading (options/futures), where trades are often leveraged and may involve many orders, compounding fee savings can yield a meaningful edge.
How to Use the Referral Code “20121.8993” — Step‑by‑Step
If you decide to use the referral code, here’s how to do it correctly: Deribit Referral Code "20121.8993"+2Kimi+2
Visit the official Deribit website and click “Register” / “Create account.”
During registration, look for the “Referral Code (optional)” field. Enter 20121.8993 (without spaces or quotes). Deribit Referral Code "20121.8993"+1
Complete email verification, set password, enable security features (like 2‑factor authentication) — Deribit often mandates strong security and KYC/identity verification for withdrawals. support.deribit.com+2InviteCodes.Org+2
Deposit funds into your Deribit wallet (BTC, ETH, USDC, or as supported by Deribit). InviteCodes.Org+1
Once trading begins, the 10% fee discount should apply automatically under the “Fee Balance” or trading fees schedule — no further action is needed. Kimi+1
(Optional) Later, you can check the affiliate/”Invite / Affiliate” section to see your referral link — in case you want to refer others and earn commissions. support.deribit.com+1
Important: The code must be applied during signup — Deribit does not retroactively apply referral discounts after account creation. Deribit Referral Code "20121.8993"+1
How Much Can You Save? — Example Scenarios
Savings depend on your trading volume, frequency, and type. Let’s consider a few hypothetical cases:
📈 Scenario 1: Occasional or Low‑Volume Trader
Suppose you trade once a week, small size — maybe you pay $20 in fees per month under the standard schedule.
With a 10% discount, you save $2 per month — modest, but that’s $12 over 6 months (and no downside in return).
🔄 Scenario 2: Regular / Medium‑Volume Trader
If your monthly trading fees (maker + taker combined) amount to $500, then a 10% discount saves $50/month → $300 over 6 months. This is real money that goes back into your trading capital or profit.
⚡ Scenario 3: High‑Frequency / High‑Volume Trader / Professional Trader
For traders executing many trades (scalping, arbitrage, options spreads), fees compound quickly. Suppose base fees of $2,000/month → 10% discount = $200/month saved → $1,200 over 6 months.
For derivatives traders using leverage and frequent entries/exits — the discount materially improves net returns, especially after accounting for fees on multiple legs (in options, futures, perpetuals).
So even though 10% may seem modest at first glance, over time and with significant trading activity, the savings can be substantial.
Referral Program for Affiliates (If You Refer Others)
Using the code isn’t just beneficial for you — it can be a way to earn passive income if you refer others. According to Deribit’s affiliate program terms: support.deribit.com+2MoneysMyLife+2
Affiliates earn up to 20% of the trading fees paid by users they refer — for the first 6 months after sign‑up. support.deribit.com+1
After the first 6 months, affiliate commission may reduce (for example to 10%, depending on fee structure). support.deribit.com+1
If the referred user remains active over time, the affiliate benefit can provide a steady stream of commissions — potentially recurring over months or years.
This structure creates mutual incentive: users benefit from lower fees, affiliates earn commissions, and the platform grows its user base and trading volume — which in turn strengthens liquidity and market depth. Simplecryptoguide.com+2MoneysMyLife+2
Things to Know & Precautions Before Using the Code
While the referral code offers real benefits, there are important caveats and considerations:
Discount duration may be limited. The commonly advertised 10% fee discount is often valid for the first 6 months after sign-up. Deribit Referral Code "20121.8993"+2support.deribit.com+2
Code must be used during signup. If you sign up without a referral code, Deribit typically won’t allow retroactive application. Deribit Referral Code "20121.8993"+1
Trading derivatives is risky. Lower fees don’t guarantee profits; derivative trading (futures/options) involves leverage — which can amplify both gains and losses. Use prudent risk management.
Check jurisdiction restrictions / compliance. Deribit’s affiliate program has terms; certain jurisdictions may be excluded from referrals or promotions. support.deribit.com
Promotions and offers may change. Code-based bonuses, additional perks (if any), or referral terms may evolve — always confirm latest terms on Deribit’s official website before committing.
Why Deribit + Referral Code Could Be a Smart Move
Cost-effective way to start: With lower trading costs, even small-volume traders begin with an edge.
Better margin on profits: Reduced fees improve net return, especially over time.
Flexibility: Works for spot clients (if offered), but especially advantageous for frequent derivatives traders, options/futures users, scalpers, arbitrageurs.
Referral as passive income: If you refer others, you can generate commissions — making trading + referrals a dual‑benefit.
Access to high-liquidity order books, advanced trading tools — Deribit’s base platform is robust; combining that with a fee discount gives a strong value proposition.
Frequently Asked Questions (FAQ)
Q: What exactly does the code “20121.8993” give me?
A: It gives you a 10% discount on trading fees (maker/taker) for the initial period (commonly 6 months), when you sign up using the code. Deribit Referral Code "20121.8993"+2support.deribit.com+2
Q: Can I use the code if I already have a Deribit account?
A: No. Referral codes must be entered during initial signup. If you skip it, you’ll likely miss the discount. Deribit Referral Code "20121.8993"+1
Q: Do I need to deposit a minimum amount to get the discount?
A: According to some promotions, no — even a small deposit seems sufficient to activate the fee discount. Spring Builders+1
Q: Do fees stay discounted forever?
A: Typically, the 10% discount applies for a limited time (e.g. first 6 months). After that, standard fees apply — unless Deribit runs other promotions or you become eligible for VIP/volume-based discounts. support.deribit.com+1
Q: Can I refer others and earn commissions?
A: Yes. Deribit’s affiliate program allows referrers to earn a portion (up to 20%) of trading fees paid by the users they refer (for initial months), and a smaller portion thereafter. support.deribit.com+2Deribit Referral Code "20121.8993"+2
Conclusion
If you’re planning to trade cryptocurrencies on derivatives — futures, perpetuals, or options — starting with a referral code like “20121.8993” on Deribit is a simple, no‑cost way to reduce your trading expenses by 10%.
For occasional traders, the savings may be modest. But for active, high-frequency, or high-volume traders — or those planning to trade regularly — the fee reduction can meaningfully improve net profitability over time.
Moreover, if you refer others, you might turn the arrangement into a passive income stream via commissions.
That said, always trade responsibly: derivatives trading carries risk, and fee reductions are just one piece of the overall trading equation. And because promotions and terms can change, ensure you check the latest official terms on Deribit’s website before relying on any code or offer.
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