Top 5 Deribit Trading Signal Channels on Telegram
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.
According to a recent report, 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.
Whether you’re a beginner at trading or a professional, there’s a good chance you’ll see yourself losing some of your hard-earned Bitcoin — especially when you’re involved in day trading. Many crypto traders turn to Telegram channels in search of guidance from the experts, but more often than not these Telegram channels are not very helpful.
This article will take a look at the most trusted Deribit trading signal channels on Telegram.
1. MYC Signals (@ MYC Signals)
MYC Signals telegram group provides 2+ 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: contact@mycryptopedia.com 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 2-3 signals per day and boasts 3000 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. 4C Trading
4C Trading is surely one of the most professional crypto trading community in the market. Their quality product range ensures that there is something for everyone:
- A Trade Room: Enjoy the opportunity to share and talk with the trading community and 4Cs professional traders
- The SMART USD Bot: The perfect Bot to trade BTC/USDT to protect and grow your capital- fully automated.
- Smashing Trading Signals on Bitmex and Binance
- The 4C Confidential Report where they put the spotlight onto hidden crypto gems
Clearly, the team at 4C Trading runs a pretty slick operation with the focus on following wider news events happening in the crypto space.
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 the youngest channel 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 very important to select a channel carefully.