Top 5 Deribit Trading Signal Channels on Telegram
Trading crypto is risky, regardless of whether you’re a beginner at trading or a professional. As a result, many crypto traders turn to Telegram channels in search of guidance from the experts, but it's hard to know who you can really trust. This article will take a look at the most trusted trusted Telegram trading groups that issue signals specifically for Deribit. But before we dive into the rankings of Deribit trading signals groups, let's talk more about Deribit.
What is Deribit?
Deribit is a trading platform that allows cryptocurrency traders around the world to engage in futures and options trading. The exchange has expanded its product offering to include both Bitcoin and Ethereum futures in a short period of time.
Why trade on Deribit?
Deribit allows traders to engage in options trading for Bitcoin and Ethereum. Among the many benefits of option trading on Deribit are that it's typically more cost-effective, less risky, and offers higher potential returns.
Not to mention that according to a recent report, the Bitcoin institutional trading platform Bakkt hit a new record for its futures contracts, topping 5,600 BTC ($42.5 million) in a single day. It is clear that crypto futures and options market will continue to grow in the future. This is also partly due to over 90% of institutional investors choose to store their coins with trusted third parties.
So without further adieu, here is our list of the top 5 Deribit trading signal channels on Telegram…
1. MYC Signals (@MYC Signals)
MYC Signals telegram group provides 5+ signals every day. The channel is associated with Mycryptopedia.com, a well-respected crypto publication. Keeping quality and professionalism in mind, MYC Signals provides high-quality trading signals and the commitment of generating maximum returns.
As for the profits on their signals, in the last month, they ranged from a modest 3.5 percent to as high as 300 percent.
How to get started with MYC Signals
Telegram users can directly reach out to the admin, @MYCSupportBot, and join their free crypto signal group MYC Signals. If you don’t have Telegram, you can contact the team via email: [email protected] and they’ll let you know how to get started. The membership can be paid via any cryptocurrency of your choice or via card over at their payments page.
Once you become a premium member of the group, they’ll work with you to make sure you can follow their signals as easily as possible, and answer any questions you may have.
2. Yo Crypto
Yo Crypto, another Derbit trading signal telegram group, provides 0-3 signals per week and boasts 29000 members. Yo Crypto has now been relaunched as Yo Crypto 2.0 and is a very well respected signal provider in the space. Their team consists of people who have experience trading in the stock market.
The frequency of signals at Yo Crypto is higher than other signal channels which can be beneficial for people who are looking to improve their trading results. They’re quite consistent and specialize in things that they’re good at like; Bitmex Signals, Autotrading by Cornix, Long-term coin picks, and personalized support restricted to platinum members.
While the channel does not provide a chat room for its customer, the owner of the channel, Ronny, is quite responsive and knows his stuff. The lack of chat room for community support or members’ chit-chat, might keep away some users from subscribing. Also, the majority of posts in their free Telegram group are solely about the profits they make in their premium group rather than any signal or technical analysis.
3. Crypto Trades Today (@CTT)
Crypto Trades Today is fairly new in the game of crypto signals. Just launched in 2022, they are disrupting the space by providing one of the best returns at some of the most affordable subscription prices out there.
CTT consists of one of the largest trading teams we’ve come across. Each of their traders has a demonstrated track record of success, and by having more traders on their team, each trader is able to take their time and carefully research and plan out each trade. The result is that when you sign up for CTT’s trading group, you’ll get a steady stream of top notch signals that can be traded on multiple platforms, including Deribit.
As far as we can tell, CTT is one of the best “value for your money” signal providers at the moment. And with subscriptions starting at just $80 a month, it’s worth giving them a chance.
4. WhaleTank
WhaleTank heavily focuses on technical analysis when producing a Deribit trading signal and and is also one of the few signal providers that actually have a website. While most of the signal providers issue free signals to their non-paying members, WhaleTank posts are only related to technical analysis.
The recommendation that the team at WhaleTank gives out has long-term coin security and they are also able to teach users how to benefit from market fluctuations in the short run. Additionally, they have built a separate and self-sufficient system for those who want to invest in cryptocurrencies.
With regards to support, WhaleTank’s channel is a great example of how admins and managers should work. It takes around 2 minutes to process any request and answer questions at any time.
5. AltSignals
AltSignals is one the youngest channels of them all. However, it is already proving to be a reliable source for signals for many people. Since 2017, AltSignals have been steadily active in the market providing profit-making signals to its members.
Unlike most of the services that come and go after a few months, AltSignals has not only stayed in the market but also cherishes its clients from time to time.
Users can get answers to their queries 24/7 at AltSignals’ Telegram group. They give out straight answers and support their recommendations by mentioning the state of the crypto market and technical analysis.
Conclusion
These are the top 5 crypto signal channels on Telegram you can explore for Deribit trading. While these crypto signals may be very lucrative to the members of the group, it is still important to carefully select the group whose strategy best suits your style.