While you cannot deposit national currency on Deribit, it is possible to use national currencies to purchase cryptocurrencies via the buy button on the wallet screen:
or using this link: https://www.deribit.com/account/BTC/buy-crypto
Step-by-step instructions
After clicking the buy button, you will be prompted to enter the quantity you intend to purchase and select a payment channel. For this guide, we will use Legend trading as the payment channel.
After reading the disclaimer and agreeing to the terms the 'Continue' button can be pressed. At this point some information regarding fund sources will be needed, as part of regulatory compliance.
Once completed and the verification is reviewed by the Legend Trading team, you will access the following panel on the left:
To add funds from your bank account, press ‘Deposit Now’. This will bring up the option for Wire transfer or ACH to add funds to the account.
Or, you can also use a credit card on the Confirm Order panel on the right.
After adding funds, the specific purchase must still be completed. This also applies if adding a credit card.
After reviewing and confirming the user agreement and clicking confirm, if the order has been successfully processed, then the following message will be displayed to confirm:
The order history button will take you to the history of your orders. This is also accessible via the main panel on the bottom left:
Note: If you have deposited funds and closed the panel while waiting for them to arrive, go back to the ‘Buy’ button on the Deribit wallet, then re-enter the order quantity that you intend to buy prior. This will simply take you back to the screen and not withdraw additional funds unless you intentionally duplicate the deposit and/or credit card payment.
Common issues:
Legend trading is a partner company and they operate with their own policies. The error 'Unable to transfer KYC details' usually indicates that Legend Trading has refused the KYC documents. You may need to contact their support on https://legendtrading.com/.
Alternatively, you can use a spot exchange (Bitfinex, Coinbase, Kraken, etc) where you can onboard national currency and convert to cryptocurrency there, then deposit on Deribit using the ‘Deposit’ button on the wallet page in your Deribit account.