- The buying and selling of cryptocurrency requires the use of trading platforms.
- Here is a list of the most comprehensive crypto trading platforms
Only eight of the examined crypto derivatives exchanges made the list due to their outstanding user interfaces, contract selection, fee structures, charting programs, security, and overall excellent customer feedback.
8 Crypto Derivatives Exchange and Trade Platforms
- BYDFi
BitYard provides a wide range of cryptocurrency derivatives contracts, including perpetual contracts for well-known cryptocurrencies like BTC/USDT, ETH/USDT, and others. By using these contracts, traders can profit from price changes without having any ownership of the underlying asset.
To make it simple for users to transact from fiat to cryptocurrency, Bityard enables practical payment options like bank transfers, credit/debit cards, and even PayPal. BitYard provides reasonable rates, with trading fees as low as 0.02%.
A demo trading mode for beginners, a robust security system, and an attentive customer support team are important aspects.
- BYBIT
A range of cryptocurrency derivatives contracts are available through Bybit, including BTCUSD Options, ETHUSD Options, and LINKUSD Options. These contracts give traders the ability to precisely hedge their positions and profit from market changes.
The most common payment methods, including bank transfers, credit cards, debit cards, and numerous smaller deposit alternatives, can all be used to make deposits of fiat currency on Bybit.
On Bybit, the KYC procedure is simple and ensures compliance and security. Simply sign up, complete the KYC verification, and fund your account to get going with smooth option trading.
- Binance
Numerous altcoin derivatives contracts are available from Binance, including perpetual futures for well-known altcoins like ADAUSDT and DOTUSDT. For instance, traders can use up to 125x leverage with ADAUSDT perpetual futures to speculate on changes in the price of Cardano.
With the help of the Binance Trading API, traders may create unique trading strategies and leverage powerful charting tools like TradingView integration. A user-friendly mobile app and real-time order book data provide the best trading experiences.
With a basic trading charge of 0.1%, Binance offers competitive trading fees. These fees can be further decreased by holding Binance Coin (BNB).
- Phemex
Phemex offers a wide range of cryptocurrency derivatives contracts, including perpetual contracts for well-known cryptocurrencies like Bitcoin (BTC/USD), Ethereum (ETH/USD), and well-liked altcoins like Chainlink (LINK/USD). These contracts are renowned for their liquidity, giving traders several chances to make money.
The trading platform’s user-friendly trading interface is furnished with sophisticated tools, including limit and market orders, as well as technical indicators like moving averages and RSI for accurate analysis. Phemex offers competitive trading fees, with a maker fee of 0.025% and a taker fee of 0.075%, attracting traders.
Along with mainstream cryptocurrencies, Phemex also stands out by providing a wide range of over 20 alternative cryptocurrencies, including Cardano (ADA), Polkadot (DOT), and Solana (SOL).
- Gate.io
The ‘BTC Bull (Call)’ and ‘ETH Bear (Call)’ options are two callable contracts that highlight Gate.io’s dedication to offering a variety of trading opportunities. These contracts give traders the flexibility to use a variety of methods by allowing them to bet on both upward and downward market moves.
Through well-known payment options like credit cards, debit cards, and bank transfers, Gate.io accepts deposits in fiat currency. Naturally, the list of supported bank cards includes VISA and Mastercard. Users’ onboarding is made simpler by this accessibility, making it simple for them to fund their accounts and begin trading.
Over 200 altcoins are supported on the site, including popular coins like Solana (SOL), Cardano (ADA), and Polkadot (DOT), expanding trading opportunities beyond Bitcoin and Ethereum.
- MEXC
Some of the most popular derivatives contracts offered by MEXC include perpetual contracts, crypto futures, and options. For instance, their BTC/USDT perpetual contract consistently has one of the lowest maker costs in the market, with rates as low as 0.02%.
MEXC retains a competitive advantage in terms of pricing, with maker fees as low as 0.02% and taker fees beginning at 0.05%. A demo trading mode, leverage options up to 100x, and effective risk management tools are some of the key features. Withdrawal limitations on MEXC are generously set at $1 Million per day, providing traders with more freedom. Over 300 different altcoins are available on MEXC, including burgeoning coins like Polkadot (DOT), Chainlink (LINK), and Solana (SOL).
- BingX
With a host of outstanding features, BingX is thought to be the greatest cryptocurrency derivatives exchange and trading platform for copy trading. Copy contracts, such as ‘BTC Perpetual Q3 2023’ and ‘ETH Futures Q4 2023,’ enable users to precisely duplicate the trading methods of professional traders, allowing them to profit from market moves with ease.
Some of the more well-liked payment options provided by MEXC where VISA and Mastercard users can purchase cryptocurrency with fiat are bank transfers, credit cards, and debit cards.
BingX is an affordable option for traders thanks to its competitive copy trading fees, which average 1% for each transaction. Auto-copying methods, personalized portfolio allocation, and a social feed enabling traders to share knowledge are notable features.
- Margex
For individuals looking for a derivatives trial account to test their methods before using real money, Margex is by far the greatest crypto derivatives exchange and trading platform. Margex serves both novice and seasoned traders with its selection of derivatives contracts. Examine perpetual contracts like BTCUSD, ETHUSD, and LINKUSD, which let you trade major assets like Bitcoin, Ethereum, Chainlink, and others using leverage.
Margex offers several methods for fiat-to-crypto payments, including Visa, Mastercard, and bank transfers, to ensure smooth deposits. Margex’s demo trading is fee-free, making it possible to experiment risk-free with features including limit and market orders, stop losses, and take gains. The maximum withdrawal amount for demo accounts is 0.005 BTC.
