Ever since cryptocurrencies have become mainstream, the use of these digital tokens has dramatically increased on many financial fronts. Especially in online trading, there is immense potential in using cryptocurrencies, which has eventually helped increase the value and hype for these digital tokens.
Among several trading applications, futures trading is a common area of cryptocurrency application. In crypto futures trading, traders speculate on the future price of cryptocurrency instead of buying the currency. The idea is to create agreements for buying and selling cryptocurrency at a predetermined price.
Once the rates are decided, traders can deposit funds and trade their futures on online crypto trading exchanges.
But if you’re new to crypto trading and want to start with a reliable crypto exchange, it can be hard to pick the right option. So, this post will discuss some of the most popular and well-known cryptocurrency exchanges for futures trading to help understand how you start with futures trading at a secure and low-risk position. Moreover, we will examine the risks involved and how you should go about futures trading to avoid financial disasters with your crypto assets.
Best Crypto Exchanges for Futures Trading
Bybit
Bybit Referral: https://partner.bybit.com/b/Inu
Bybit Referral Code: INU
Bybit is one of the most popular cryptocurrency exchanges, offering more than 400 assets for trading. It offers up to 100 times leverage for futures trading and more than 10 million users worldwide.
Substantial leverage allows the users to control a much more prominent position than their capital, increasing the chances of maximizing profits and losses. Besides amplified leverages and a wide range of assets, Bybit offers advanced matching capabilities for various contract types for futures trading, such as inverse perpetuals, USDT perpetuals, etc.
Moreover, multilingual support and top-notch customer support enable new users to get a grip on futures trading at a considerably fast speed.
Bybit Trading offers the best futures trading experience for any crypto enthusiasts. Bybit Crypto Exchange offers extra benefits with the Bybit referral code INU.
The exchange offers high liquidity, allowing users to enter quickly and exit positions. Order processing is relatively fast, and a wide range of cryptocurrency support like Bitcoin, Ethereum, Solana, USD Coin, Mantle, and many more gives traders enough options.
Binance
Binance Futures Referral: https://www.binance.com/en/futures/ref/createaccount
Binance Futures Referral Code: CREATEACCOUNT
Binance Futures is a cryptocurrency derivatives trading platform where users can trade futures contracts on various cryptocurrencies. There is support for more than 350 cryptocurrencies, including Ethereum, Bitcoin, and many more.
The platform allows traders to use leverage, which can amplify their profits and losses, making it a popular choice for experienced and novice traders. It’s a popular choice among crypto enthusiasts, especially Bitcoin lovers, due to its 20 times leverage on the cryptocurrency.
The platform enjoys a user base of more than 150 million users, making it the most prominent cryptocurrency platform in the world.
Binance futures trading is open for everyone and is one of the best places to trade crypto futures. Binance has very low fees on futures trading.
Use Binance futures referral code createaccount for new and existing customers.
For futures trading, Binance offers over 100 cryptocurrencies, including Bitcoin, Ethereum, Solana, Litecoin, and many other popular coins. It offers a high leverage trading of up to 125 times, enabling users to amplify their capital.
A wide range of cryptocurrencies to trade: Binance Futures offers futures contracts on over 100 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Solana.
The platform is available in most parts of the world with offices in up to 20 countries and offers multilingual support for up to 40 global languages. The advanced futures trading tools include stop-loss orders, take-profit orders, and trailing stops, which help users manage financial risks while trading efficiently. The intuitive UI ensures the platform is easily accessible for users with any experience level.
OKX
OKX Referral: https://www.okx.com/join/SAVE20
OKX Referral code: SAVE20
OKX is a leading global cryptocurrency exchange that offers a versatile range of products and services, including futures trading. OKX futures trading platform is a popular choice for experienced and novice traders due to its wide range of features, competitive fees, and user-friendly interface.
There are several trading options at OKX, including Futures, Options, Margin Trading and Perpetual Swaps. The platform also offers trading bots and basic trading options like spot trading.
Use OKX referral code save20 to save maximum for new customers.
OKX Crypto Exchange supports over 350 crypto assets, including major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Solana, as well as a wide range of altcoins and DeFi tokens. More importantly, OKX keeps adding new assets to its platform, providing versatile trade options for users.
At OKX, users can harness the power of deep liquidity to enter and exit positions without the risk of slippage. The user interface is simple and enables users with any experience to quickly adapt to the platform.
OKX is renowned for its security, thanks to its robust security measures like cold storage, two-factor authentication, etc., which protects user funds in the digital space. Even though OKX is not available for the US market, it has a substantial user base featuring more than 50 million global users.
Kucoin
Kucoin Referral: https://www.kucoin.com/r/af/QBSSSPMG
Kucoin Referral Code: QBSSSPMG
Kucoin offers various trading services like spot, margin, and futures trading. The platform deals in a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Solana, and many others.
It also offers several derivatives like USD-margined and coin-margined derivatives, leveraged tokens, future brawls, and futures bonuses. Users can also access trading bots, allowing additional API services to integrate further.
Use Kucoin referral code QBSSSPMG when you sign up to enjoy the best possible benefits on Kucoin Crypto Exchange.
Kucoin offers multiple ways to buy cryptocurrency. For instance, users can buy from third-party sellers like Banxa, Simplex, and BTC Direct. Also, you can buy P2P or through FIAT deposits.
The Kucoin platform is intuitive, allowing new and experienced users to start trading instantly once they sign up on the website.
Users can also access educational resources such as blogs, Kucoin Learn, and regular announcements. It’s a useful platform, especially for beginners.
MEXC
MEXC Referral: https://promote.mexc.com/a/mexcbonus20
MEXC Referral Code: mexc-bonus20
MEXC Exchange is a renowned crypto exchange, especially if you’re looking for high leverage. The platform has a global user base of more than six million users, and it’s present virtually everywhere, offering services to users in more than 200 countries.
MEXC Global offers a range of futures trading services with coin-margined and USDT-margined futures. Hence, traders can take leveraged positions to maximize their profits.
Use MEXC Referral Code mexc-bonus20 when you sign up to enjoy the best benefits.
The platform is well-known for its high-leverage features, allowing futures traders to use various cryptocurrencies and USDT to receive up to 200x leverages on various contracts. Moreover, additional services include portfolio management, perpetual futures, exchange-traded funds, trading spots, and NFT index services.
Users can access multiple order types, which provides flexibility for new traders. The platform also offers educational resources and tutorials to help new traders get the hang of futures trading. Also, MEXC offers demo trading, allowing you to practice futures trading before investing in reality.
BingX
BingX Referral: https://bingx.com/partner/SAVE20
BingX Referral Code: SAVE20
BingX is one of the leading social trading platforms allowing users to buy and sell cryptocurrencies. Founded in 2018, BingX has quickly become one of the top choices among crypto traders.
The exchange offers spot, derivatives, copy trading, grid trading, and P2P trading services in more than 100 countries. Also, BingX has over 5 million users and offers a safe place to trade crypto derivatives.
Use BingX Referral Code SAVE20 to get the best benefits!
With BingX trading, you get a maximum leverage of 150x for perpetual and standard futures contracts, and it has a wide range of crypto trading pairs.
The exchange is also known for being one of the cheapest exchanges. It has a maker and taker fee rate of 0.02% and 0.05% for both perpetual and standard futures contracts. Conversely, spot trading charges you a flat fee of 0.1% for both maker and taker fees.
BingX crypto exchange is also a no-KYC crypto exchange – meaning there is no need to verify your account to deposit, withdraw, or trade. However, verifying your account would give you access to additional features.
Bitget
Bitget Referral: https://partner.bitget.com/bg/7N7PR4
Bitget Referral Code: VFAE
Bitget is a global, user-friendly, and highly secure crypto trading platform that offers many features, including Spot trading, Futures trading, Margin trading, and P2P trading. It does not require KYC and supports over 550 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.
Bitget Exchange features deep liquidity, enabling users to enter quickly and exit positions for futures trading. For futures trading, Bitget offers some significant advantages, such as high leverage up to 100 times. Hence, traders can amplify their gains and maximize profits within no time. Moreover, Bitget has a significantly low trading fee of only 0.02% for makers and 0.06% for takers.
Bitget offers competitive trading fees, with no fees for Spot trading. It also has comprehensive security measures, such as multi-signature cold wallets, two-factor authentication, and a comprehensive risk management system.
Use Bitget referral code VFAE to get the best benefits!
Bitget crypto is constantly innovating and introducing new features, such as its copy trading feature, allowing beginners to replicate experienced traders’ strategies.
One significant advantage of Bitget is its non-KYC platform. While the exchange offers a robust verification and authentication process, its non-KYC variant allows users to trade without giving away critical contact information. This is especially helpful for new traders who are getting used to the platform.
GMX.io
GMX Referral: https://app.gmx.io/#/trade/?ref=PRO
GMX Referral Code: PRO
GMX.io offers a decentralized exchange for various types of trading, such as futures and margin trading. It’s a non-custodial platform, allowing users to maintain control over their private keys. GMX offers margin trading with leverage up to 50 times.
The platform offers zero-slippage trading and a unique order book design that prevents slippage, a common issue on other DEXs. It also provides access to real-time market data for accurate and up-to-date trading, allowing traders to make informed trading decisions. On top of that, it offers a market-competitive trading fee. Also, various trading pairs feature top cryptocurrencies like BTC, ETH, etc.
Since GMX.io is a decentralized exchange, the traders are solely responsible for their funds. Moreover, there is no FIAT currency trading support, and some regions may have limitations regarding its use. Also, high leverage of up to 50 times poses risks of amplified losses.
dYdX Exchange
DYDX Referral Link: https://dydx.exchange/r/XPNKSVBV
DYDX Referral Code: XPNKSVBV
dYdX is a decentralized exchange offering perpetual futures trading for various cryptocurrencies. It’s well-known for futures trading because of its deep liquidity, tight spreads, and advanced trading features.
dYdX offers crypto trading in up to 33 currencies at a comparatively low fee. Moreover, it enhances the buying power by up to 20 times. Also, it ensures comprehensive financial security by offering full custody of funds while trading.
Compared to other exchanges, dYdX offers some of the deepest liquidity in the futures market, allowing traders to enter and exit trades easily without large price swings. Moreover, it offers some of the tightest spreads in the industry to keep trading costs low. It also offers advanced trading features like margin trading, order types, and market-making tools.
While trading on dYdX, traders must remain conscious of potential losses due to high leverage. So, while it can maximize profits by 20 times, it can also cause similar losses. Moreover, if traders provide liquidity to dYdX’s pools, they can experience impermanent loss if the asset’s price moves against them. Additionally, there are smart contract risks, where bugs in the contract might lead to financial losses.
What is Crypto Future Trading?
Crypto futures trading is a type of derivative trading that allows traders to speculate on the future price of a cryptocurrency without having to buy or sell the cryptocurrency itself. Futures contracts are agreements to buy or sell a cryptocurrency at a predetermined price on a future date.
For example, a trader could open a long position in a Bitcoin futures contract if they believe that the price of Bitcoin will go up later. If the price of Bitcoin goes up, the trader will profit. Likewise, if the price of Bitcoin goes down, the trader will lose money.
There are several use cases for crypto futures trading, such as:
- Speculation – Crypto futures traders can speculate on the future price of cryptocurrencies in the hope of a profit.
- Hedging – Crypto futures can hedge against the risk of price declines in underlying cryptocurrencies.
- Leverage – Traders can use leverage to amplify their profits and losses. This means they can control much cryptocurrency with a relatively small capital.
While crypto futures trading can ensure massive profits, it’s also risky at the same time. It’s a bit more complex than other forms of trading and requires experience and careful consideration before investments.
How to Get Started with Bitcoin Futures Trading?
Futures trading with crypto is quite a straightforward process, mainly because most top exchanges have mobile or web applications. The process may vary slightly on various platforms, but the template is the same.
In this example, we will consider Bitcoin futures trading with Binance.
- Download the Binance application and sign up for free. Binance requires you to fill out a questionnaire to complete the signup process.
- Once signed up, you must choose the contract type. For instance, you can pick from USDT-margined futures or coin-margined futures.
- Next, select the Futures trading mode on the application.
- Now, you must transfer the assets to your futures account.
- You are now ready to open up a position for trading.
- Once you’ve set the position, you can now monitor and close your position.
Is Crypto Futures Trading Legal?
The legality of crypto futures trading depends on geographical jurisdictions. It is legal in most jurisdictions, with some exceptions. In the United States, crypto futures trading is regulated by the Commodity Futures Trading Commission (CFTC). This means that crypto futures exchanges must register with the CFTC and meet specific requirements, such as adequate financial resources and risk management procedures.
Outside of the US, the regulatory landscape for crypto futures trading is more varied. Some countries, such as Japan and Singapore, have established clear regulations for trading in crypto futures. Other countries like China and South Korea have banned crypto futures trading altogether.
Conclusion
Crypto futures trading is a rapidly growing application for crypto assets. Most top-rated exchanges provide good leverage, educational resources, and competitive trading fees to the users. Moreover, a responsive and intuitive user interface are two essential qualities of a crypto exchange platform. Now that you know the best options for futures trading, it should be easier to make the right trading choice for your crypto assets.
