Finding the top crypto contract trading platform for your style of trading that is available in your jurisdiction can be difficult. Therefore, our team of experts has created a top-down article with reviews of the most popular and highest rated brokers in the crypto industry for you to select the operator that suits your needs.
We’ve analyzed these 6 exchanges based on 30 data points, real user reviews for customer feedback, and we’ve also tested each platform to measure the functionality of the most important features.
What is the best crypto contract trading platform?
Below we have ranked the platforms according to our analysis and the data points used when reviewing the exchange.
- BYDFi – Highest rated crypto contract trading platform – Available in the USA – Lowest Fees (0.02%) – No KYC – Top trading tools – Futures contracts – Perpetual Swaps Contracts – Regulated in the United States as a Money Service Business
- BTCC – Highest leverage contract exchange with 225x leverage – Accepts US traders – USDT-M Futures – Demo Trading – Low fees (0.045%) – Fiat and Crypto Convert tools – No KYC
- Phemex – No KYC contract trading – Available in the USA through VPN – 100x leverage – Staking – Launchpad for new projects – Trading bots – Copy trading
- MEXC – Lowest maker futures fees (0%) – Coin-M perpetual futures – Quick Registration – Fiat on-ramps – Fast crypto convert tool
- BingX – Best for copy trading – Standard and Perpetual futures derivatives contracts – MT5 terminal – Grid bot – High APR staking protocols
- Bybit – Very good for Derivatives and Options – USDC contracts – Trade GPT (AI crypto trading) – OTC and Fiat deposits
Investment and Affiliate Disclosure: We want to ensure that the insights in this article are not intended as financial advice. Cryptocurrency investments come with high risk, including the potential for total capital loss.
We urge you to conduct research before making any investments. This article includes affiliate links where we earn a commission at no extra cost to you. Our content remains unbiased and unaffected by our affiliate partnerships.
BYDFi: Trade crypto contracts with leverage in the USA without KYC
BYDFi is the best platform to trade crypto contracts with leverage in the USA, but without the hassle of KYC? Imagine this: a platform that’s not just another exchange but the top pick for trading crypto contracts in the USA.
Launched back in 2019, BYDFi, which was once known as Bityard, has quickly climbed the ranks. It’s has a sleek interface that both newbies and the pros can navigate easily, a global presence (yes, including the USA with all the legit licenses), and the ability to trade over 400 cryptos in the USA with up to 200x leverage.
And the cherry on top? Their top-notch security that keeps your funds safer than a secret diary. On the security front, BYDFi is like a digital Fort Knox. They’ve got multi-signature cold storage, plus SSL encryption to keep the bad guys out.
You can boost your security even more with two-factor authentication (2FA) – think of it as the secret handshake to get into your account. I’d give BYDFi a solid 4.5 out of 5 on the security scale.
I decided to give BYDFi a whirl, depositing $1,500 in Ripple. Why Ripple, you ask? Well, Bitcoin and Ethereum felt just too mainstream for my taste. I plunged into the crypto contracts, using short-term strategies.
But what really got me was this killer feature on BYDFi – the TradingView charts integrated right into the platform, with its mere 0.02% maker fee. The signup process? A total breeze. Yet, the real adventure began as I navigated their trading of tools.
Honestly, it was the kind of platform I was looking for. My experience with BYDFi overall? It’s a vivid showcase of how they’ve mastered the art of blending simplicity with robust functionality, creating a perfect arena for traders who are serious about their game.
BYDFi is like that all-rounder student who excels at everything. It’s got a massive lineup of cryptos to trade, over 400 to be precise, super helpful trading tools (shoutout to those TradingView charts!), and fees so low they’re practically on the floor.
The platform is user-friendly, making you feel like a pro, and the customer support is very professional – always there when you need them. Plus, the constant updates show that BYDFi is always looking to level up its game.
However, no platform is perfect, right? For starters, BYDFi can be a bit overwhelming for newbies with its vast array of options. Also, there’s no room for NFTs or staking here, so if that’s your jam, you might feel a bit left out.
BYDFi’s got the goods when it comes to trading tools. Those TradingView charts are a game-changer, making it easy to strategize your next move. And with options for up to 200x leverage, makes the life of small traders easier. I’d rate their tools a solid 4.5 out of 5, putting them right up there with the top.
From its easy-peasy registration and low fees to the handy mobile app and global access, BYDFi’s got features that make contract trading a breeze. It’s like your favorite multi-tool – it’s got everything you need, all in one place. And with security that’s tighter than your high school clique, you know your crypto’s in good hands.
BYDFi’s fee setup is also. With maker fees at a mere 0.02% for contract trading, it’s like they’re practically giving it away. And there’s no fee to deposit your cryptos, which is like finding money in your pocket you didn’t know you had. In the world of crypto trading, BYDFi’s fees are like buying expensive brands on 80% sales – unbeatable.
BTCC: Trade high leverage (225x) crypto contracts without KYC
BTCC is the best crypto contract trading platform with high leverage—up to 225x, to be exact. And guess what? You can skip the whole KYC trouble. Launched back in 2011 and hailing from London, BTCC has made a name for itself in the crypto world.
It’s not just about trading; they offer a bunch of features like a fiat-to-crypto exchange, Bitcoin mining, and a Bitcoin wallet. Security is top-notch here, and their trading platforms are slick, making BTCC a solid pick for traders everywhere.
I decided to give BTCC a test-drive, and let me tell you, it was an adventure from the get-go. The absence of a KYC process meant I could dive right in without any hold-ups.
So, I transferred 1200 USDT into my account without a second thought. The fees? They were so minimal they hardly made a dent in my calculations. My focus was on exploring the various crypto contracts BTCC had to offer.
After some experimentation, I landed on a short-term strategy, leveraging an DogeCoin at 50x—this wasn’t your everyday cryptocurrency, mind you. The feature that truly grabbed my attention was the ability to deposit as much crypto as I wanted without undergoing KYC checks. This was a total game-changer for me.
The platform itself was a breeze to navigate, and with maker fees sitting comfortably at just 0.045%, I felt like my trading strategy was sharper than ever.
BTCC takes the cake with its security measures. They’ve got everything from optional two-factor authentication (2FA) to a cold wallet storage system, keeping your digital treasure chest under lock and key. If I had to put a number on it, I’d say BTCC’s, which allows for crypto trading in Canada as well, security is a solid 4 out of 5.
It’s reassuring to know you’re trading on a platform that takes your safety seriously.
BTCC really shines with its no-KYC policy for unlimited crypto deposits, giving you privacy and ease all in one.
The mobile app is a lifesaver for trading on the go, and the range of order types means you’ve got all the tools you need to strategize. The mining pool is a neat touch for those looking to mine their own coins. Plus, the platform is super user-friendly, making it a great pick for newbies and pros alike.
But it’s not all sunshine and rainbows. BTCC’s focus on Bitcoin and less-than-stellar customer support might leave some traders wanting more. The fee structure, while transparent, could be a bit much for those just starting out. And without any bonuses or promotions, some might feel like they’re missing out on extra perks.
For beginners, the platform’s extensive features could be a bit overwhelming without the right guides.
BTCC comes equipped with all the trading tools you’d need for anonymous crypto contract trading. The charts are detailed, the order types are varied, and the mobile app keeps you connected. These tools are perfect for all styles of investing, whether you’re a newbie or a seasoned trader. On a scale of 1 to 5, BTCC’s tools earn a solid 4, showing they’re up there with the best.
Dig a little deeper, and you’ll find BTCC’s got some other great features under the hood. From advanced charting options and a wide selection of altcoins to trade, to top-tier security measures like 2FA and cold storage. The ability to handle fiat currency transactions adds a layer of convenience that’s hard to beat.
When it comes to fees, BTCC knows how to keep things fair. The deposit and withdrawal fees are reasonable, and the 0.045% maker fee for trades is great. It’s a setup that appeals to traders looking to keep more of their profits. The clear fee schedule means no nasty surprises, letting you plan your trades with confidence.
Phemex: Sign up without KYC on a crypto contract exchange
Phemex is the best no KYC crypto contract trading platform for traders who want to dive into the world of crypto contracts without the hassle of KYC. Imagine being able to trade over 200 digital assets with ease and speed, that’s Phemex for you!
Founded in 2019 by a group of ex-Morgan Stanley execs, Phemex has grown super fast, boasting over five million users. It’s the new kid on the block that it offers low fees, a user-friendly interface, and a mix of spot and contract markets.
Whether you’re just starting or you’re a trading wizard, Phemex has something for everyone, making it a top pick without KYC.
Another thing that many people don’t know is that you can access Phemex from anywhere with a VPN, even from a country where derivatives are restricted. This means that its a great crypto exchange for the UK, USA, Canada, and other countries.
I decided to give Phemex a whirl and was super excited to discover how easy it was to navigate the platform and find the crypto contracts I was interested in. Signing up was a breeze, with no KYC required, which I considered a huge plus! I opted to deposit $800 in USDT to keep things simple.
I was amazed at how straightforward the process was, except for a tiny hiccup with the email verification step, but that got sorted out quickly. The fees were incredibly low, featuring a 0.01% maker fee and a 0.06% taker fee for contracts.
I ran a short-term trading strategy, leveraging up to 50X, which was risky but thrilling. What really stood out to me was Phemex’s unique feature of sub-accounts, allowing me to manage my trades more effectively. This feature was a game-changer, making Phemex my new go-to platform for crypto contracts.
Phemex also takes the security of its customer accounts very seriously. They use cold storage for all the crypto funds, which is like a super-secure vault that’s not connected to the internet, making it really hard for hackers to get in.
Plus, they check withdrawal requests three times a day to catch any fishy transactions. Users can increase their account security by turning on two-factor authentication (2FA). With all these security measures, plus their use of Amazon Web Services for an extra layer of protection, I’d rate Phemex a solid 4.5 out of 5 compared to other platforms!
From its ability to handle a massive number of transactions without breaking a sweat, ensuring your trades go through smoothly, to the top-notch customer support that feels like having a wise trading guru by your side.
The platform’s commitment to security, with its cold storage and multiple checks, makes you feel like your crypto is in Fort Knox.
The variety of crypto assets available for trading is also great, and the seamless integration of advanced tools lets you execute strategies like a pro. The cherry on top is the community and educational resources that make diving into crypto less daunting and more like an adventure.
However, navigating Phemex’s world isn’t without its challenges. For beginners, the sheer number of contract trading options and tools can feel like deciphering an ancient code. The platform’s advanced features, while impressive, come with a steep learning curve that might send newbies running for the hills.
However, the absence of Phemex in the US due to regulatory hurdles is like finding out your favorite video game isn’t available in your region. And while the platform boasts no deposit and withdrawal fees, navigating the minimum withdrawal amounts can be difficult.
The risk of high leverage, which can amplify gains but also losses, is appearent in all contract trading.
Phemex equips traders with good tools for those looking to trade crypto contracts anonymously. The platform’s charts and analytics are like having a high-tech crystal ball, giving you insights into market trends.
The copy feature allows you to mimic the moves of successful traders. And with leverages up to 100X, it’s like turbocharging your trades, though it’s not for the faint-hearted. Compared to other platforms, I’d give Phemex’s trading tools a solid 4 out of 5.
They’re powerful and can give you an edge, but they require skill and caution to use effectively.
Phemex is packed with features that might not jump out at you but are fantastic once you discover them. The platform’s ability to handle a ton of transactions at lightning speed means you’re not left hanging during crucial moments.
The range of cryptocurrencies available for trading is like having a global crypto buffet at your fingertips. The educational resources provided make learning about crypto and strategies fun. And the community aspect of Phemex, with forums and support channels, feels like being part of a club of crypto enthusiasts.
Phemex’s fee structure gives you an advantage. For contract trading, the platform charges a 0.01% maker fee and a 0.06% taker fee, which is pretty low compared to the industry standard. Spot fees are just 0.1% for both makers and takers.
What’s nice is that Phemex doesn’t charge any deposit or withdrawal fees, although there’s a minimum Bitcoin network fee for withdrawals. This makes trading on Phemex more like a strategy game where knowing the rules can save you a lot of money.
MEXC: Trade futures with 0% maker fees for contracts markets
MEXC is the best crypto contract trading platforms for low fees, especially for traders hunting for the lowest maker fees. It’s place where you can trade crypto contracts without worrying about high costs eating into your profits.
That’s MEXC for you! It’s not just any platform, with MEXC, you get to trade over 1700 tokens and 2600+ pairs, making it a paradise for traders who love variety and saving money. It’s like having your cake and eating it too, but in the world of crypto trading!
I decided to take MEXC for a spin one day. Finding crypto contracts was easy. Why not dive into Dogecoin futures, I thought? Armed with 50x leverage and a strategy aimed at capitalizing on daily short-term price movements.
What really caught my attention? The platform’s user interface was incredibly user-friendly; I’d wager even a middle-schooler could master it! I could kick off my journey with just $100 in Dogecoin. The process of depositing was quick, taking just a few minutes, and withdrawing my earnings was equally fast.
And the fees? They were almost non-existent, sweetening the deal of my trading adventure even more.
MEXC treats security like a fortress, ensuring traders’ accounts are as safe as a treasure chest under a dragon’s watch. With two-factor authentication (2FA) and cold storage for digital assets, it’s like having your own personal crypto bodyguard.
Traders can increase their security by setting up anti-phishing codes and withdrawal whitelists. On a scale of 1-5, MEXC is a solid 5, standing tall among its peers for keeping our digital treasures safe from the bad guys.
MEXC is a hidden gem in the vast sea of crypto exchanges. Its low withdrawal limits and high trade performance are just the tip of the iceberg. Customers rave about the platform’s efficiency and the plethora of helpful tools at their disposal.
From advanced charting for the strategy buffs to demo trading for the newbies, MEXC has something for everyone. It’s not just about buying and selling; it’s about investing smarter, faster, and more securely.
However, every rose has its thorn. For beginners, navigating the complexities of contract trading can be daunting. MEXC’s vast array of options, while impressive, might overwhelm new traders.
The anonymity feature is a double-edged sword, offering privacy but complicating deposits and withdrawals for those who wish to stay under the radar. The risks associated with leverage and the technicalities of guides could also pose challenges for the uninitiated.
MEXC is like the Swiss Army knife of crypto futures trading platforms. Its arsenal of tools is designed to give traders an edge in the anonymous crypto contract battlefield. From real-time data analytics to advanced charting tools, MEXC has it all.
The platform’s commitment to offering up to 200x leverage on crypto futures contracts makes it a heavyweight contender. Compared to its rivals, MEXC’s toolkit earns a solid 5 out of 5, ensuring traders are well-equipped for the crypto fray.
MEXC doesn’t just stop at being great; it goes the extra mile with features that make you go “Wow!” Imagine having access to over 1500 coins and the ability to engage in staking, futures trading, and even participating in launchpad projects.
It’s like being in a crypto wonderland. The platform’s dedication to innovation and user satisfaction shines through these offerings, making it a must-visit destination in the crypto universe.
BingX: Benefit from copy trading with margin-traded contracts
BingX is the best platform for crypto copy trading contracts. Imagine being able to mirror the moves of top traders without having to spend years learning the ropes. BingX offers that, making it a hotspot for both newbies and veterans who wants to trade on a high-end crypto margin exchange. With an easy-to-use interface and a bunch of options, BingX is all about giving you the tools to ride the crypto wave like a pro.
Let me share my experience with BingX, which honestly left me quite impressed. BingX felt like a walk in the park. The platform offered a wide array of copy traders, which really caught my attention.
I decided to go with a quick-win strategy, leveraging up to 5x. One feature that stood out to me was BingX’s ability to let me monitor my chosen trader’s moves in real-time.
I started on the platform for day trading crypto with a deposit of 500 USDT, and to my surprise, it was processed instantly. When it came time to withdraw my profits, I was only charged a minimal fee of 1 USDT. The entire process was incredibly smooth, making my trading experience on BingX nothing short of remarkable.
Regarding security, they’ve got all the bells and whistles like two-factor authentication, withdrawal whitelists, and constant monitoring to keep your account locked down. You can up your security game by setting a killer password and turning on all the security features they offer.
On a scale of 1 to 5, BingX is a solid 4 in the security department, making it one of the safer places to trade crypto.
BingX is full of surprises with its unique perks. Think about flexible deposit and withdrawal limits, crystal clear trade performance stats, top-notch customer support, and a bunch of great tools that make trading a breeze.
BingX has managed to create a perfect blend of features that cater to both hardcore traders and those just dipping their toes in the crypto pool. For example, the exchange allows to short sell crypto in many different contracts and hundreds of different currency pairs.
However, BingX’s strict KYC policy might be a bit of a buzzkill for those wanting to keep things under the radar on the blockchain. While it’s great for security, it can make deposits and withdrawals a bit of a hassle if you’re trying to stay anonymous.
Plus, navigating the costs and risks of trading, especially for newbies, can feel like trying to solve a Rubik’s cube blindfolded. It’s all part of the game, but it’s something to keep in mind.
BingX is like the Swiss Army knife of platforms when it comes to tools. Whether you’re into keeping your trades under the radar or you’re all about making informed decisions, BingX has got you covered.
With top-tier charting tools, risk management features, and up-to-the-minute data, it’s got everything you need to make your mark in the crypto world. Rating it against others, BingX easily scores a 4.5 out of 5 for its toolset.
Peeking under BingX’s hood reveals a bunch of features that aren’t immediately obvious but are total game-changers. From its slick API for those who like to automate their trades to social trading that make learning and sharing a breeze, BingX is more than just a place to trade. It’s a community.
Add in some unique currency pairs, customizable alerts, and deep-dive analytics, and you’ve got a platform that’s not just about trading but about thriving in the crypto space.
When it comes to fees, BingX keeps things real. You’re looking at low fees, fair withdrawal charges, and zero drama on deposits. The fee for makers, those who add liquidity to the market by placing limit orders, is set at a competitive 0.0200%.
On the flip side, takers, who remove liquidity by executing against orders in the book, are charged a slightly higher rate of 0.0500%. Additionally, for standard contracts, BingX has established a fee rate of 0.0450%, which applies to the broader range of futures contracts available on the platform.
Bybit: Long and short cryptocurrency derivatives contracts
Bybit the best no KYC crypto contracts exchange, offering a playground where you can trade crypto derivatives and options with ease and anonymity. It is like the superhero of no KYC for traders who want to dive into the world of crypto options and derivatives without revealing their secret identities.
Imagine having a magic key that lets you into a treasure chest without signing your name on the dotted line; that’s Bybit for you. Bybit stands out because it doesn’t ask for your life story before letting you trade. This makes it super cool for traders who want to keep things private while exploring the vast ocean of crypto trading opportunities.
I once tested Bybit and got into short-term perpetual contracts with 10x leverage which were surprisingly easy to find. Discovering Bybit’s real-time trade tracking tool was a highlight. I deposited 500 USDT, and the process was incredibly fast, taking less than 20 minutes for both deposit and withdrawal, with fees so low they were almost unnoticeable.
Bybit is like a fortress when it comes to keeping customer accounts safe. It’s got layers of security. Traders can add extra protection by setting up two-factor authentication (2FA), which is like having a secret handshake.
There’s also the option to use hardware security keys, which are like magic keys that only you can use. I’d rate Bybit’s security a solid 4 out of 5 compared to other platforms because it’s like having your own personal guard. But remember, even the strongest castle needs a wise ruler to keep it safe.
Bybit has tools that help you make smarter trades, customer service that feels like having a wise guide by your side, and performance that’s as smooth as gliding on a skateboard. They’ve got this feature where you can test strategies without risking your coins called demo trading, which is like having a practice mode in a game. And the community feels like being part of a club where everyone’s got your back.
For traders who want to stay as anonymous as a ninja, there are hurdles like navigating the shadows of KYC (Know Your Customer) regulations. While Bybit offers a no KYC option, the world of anonymous trading can be like a maze with hidden traps, such as limited access to certain features or the need to be extra cautious with security.
The costs and risks of trading crypto without KYC can be difficult. And for beginners, the lack of guides can feel like starting a quest without a map.
Bybit equips traders with great tools for their trading. The real standout is their real-time data analysis tool which helps you make decisions. Compared to other platforms, I’d give Bybit’s tools a 4.5 out of 5 because they really help you trade crypto contracts like a pro, even if you’re trying to stay under the radar.
Bybit is packed with features and hey’ve got innovative contract design that lets you customize your strategy, and their mobile app is like having a command center in your pocket.
Plus, their customer support is always there to help you out of a tight spot. And Bybit’s market insights are like having a treasure map to the next big thing.
For the fees on Bybit I can say that they are highly competitive. The contract fee starts at 0.02% for maker trading. For deposits, Bybit offers a 0% fee when using an Advcash wallet, while Quickpay transactions incur a 1.50% fee.
European traders benefit from a low 0.19% fee for Sepa transfers, and Easy Bank Payments are charged at 0.30€, available to selected banks across various European countries.
When buying USDT with USD, fees vary based on the payment method, starting at 0.99% for Advcash, up to 35.48% for Cashapp, indicating a broad spectrum of costs depending on the chosen financial service.
What is contract trading and how does it work?
Crypto contract trading, in simple terms, is like making a bet on the future price of cryptocurrencies without actually owning them. Imagine you think Bitcoin’s price will go up, so you enter a contract with someone who thinks it’ll go down.
If you’re right, you make a profit; if you’re wrong, you take a loss. This is done through crypto platforms that match buyers and sellers, and these contracts can be based on the future price of various cryptocurrencies.
The best part? You can leverage, meaning you can trade more money than you actually have, which can increase your profits but also your risks. It’s a fast-paced, exciting way to trade, but it requires a good understanding of the market and a strategy to manage potential losses.
How to start trading crypto contracts
Diving into the world of crypto contract trading might seem like navigating a labyrinth at first, but it’s actually pretty straightforward once you get the hang of it.
Here’s the quick starter-guide on how to kickstart your journey:
First off, you’ll need to choose a platform that’s not just reliable but also offers low maker fees—this is crucial because it can significantly impact your profitability in the long run. I recommend either BYDFi for US traders or BTCC if you want to use high leverage. Once you’ve picked your platform, setting up an account is your next step. This usually involves verifying your identity to comply with regulatory requirements, so have your ID ready.
Next up, deposit some funds. Most platforms support a variety of deposit methods, including bank transfers and cryptocurrencies. Now, before you dive headfirst into trading, it’s super important to educate yourself. Take advantage of the educational resources many platforms offer. Understand the basics of contract trading, like leverage, margin, and the difference between long and short positions.
Finally, start small. Begin with a demo account if available, or make low-stake trades to get a feel for the market dynamics. Keep in mind that your risk while trading is highly elevated with the use of leverage.
What are the risks?
Trading crypto contracts is a bit like navigating a rollercoaster in the dark – it’s exciting but filled with risks. Firstly, the prices of cryptocurrencies can swing wildly, going up or down rapidly, which directly impacts your contracts.
Then there’s the risk of liquidation: if the market moves against you and you don’t have enough margin to cover it, you could lose all your investment, which is definitely not ideal. Also, understanding how these contracts work and getting used to the platforms can be challenging, especially for newcomers, leading to some costly mistakes.
Moreover, the rules governing crypto contracts are constantly evolving, which can complicate your strategy. And let’s not forget about hackers. They’re always on the prowl, targeting crypto exchanges and platforms, adding another layer of risk.
So, jumping into crypto contract trading requires a good deal of research and caution. It’s not for those who prefer to play it safe.
What are the benefits?
The benefits of trading crypto contracts are pretty compelling, especially if you’re into making your money work harder. For starters, you’ve got leverage. This means you can punch way above your weight, investing a small amount of your own money to control a much larger position allowing for potentially bigger wins from smaller initial investments.
Then there’s the flexibility to go long or short. You can bet on prices going up or down, which means you’re not just stuck hoping for a bull market to make a profit. It’s like being able to score points on both sides of the game, giving you more opportunities to win.
Crypto contracts also offer access to a global market 24/7. Unlike traditional markets that take a break, the crypto world never sleeps, so you can trade whenever inspiration strikes, whether that’s during breakfast or a midnight snack.
Moreover, the variety of contracts available means you can find something that fits your risk tolerance and trading style, from straightforward futures to more complex options.
Lastly, trading platforms nowadays are getting more user-friendly, with tons of resources to help you learn the ropes. It’s like having a personal trading coach, guiding you through the ups and downs of the market.
FAQ
Can you trade contracts on crypto?
Yes, you can trade contracts on cryptocurrencies through platforms like BYDFi and BTCC, which offer various options.
Does Coinbase allow contract trading?
No, Coinbase primarily focuses on cryptocurrency exchange services and does not offer contract trading.
Which exchange gives 200x leverage?
BYDFi offers up to 200x leverage for crypto contract trading, providing a high level of leverage for experienced traders.
Which platform is best for crypto options trading?
Bybit is highly recommended for crypto options trading, offering a user-friendly interface and a variety of options contracts.
How to do crypto option trading?
To start crypto options, sign up on a platform like BTCC, choose your options contract, decide on your investment amount, and then execute your trade based on your market prediction.
Does Kraken have contract trading?
Yes, Kraken offers it, including futures contracts on a variety of cryptocurrencies.
Conclusion
After checking out a bunch of operators, it’s clear that BYDFi is the best platform for crypto contract trading without getting hit by high fees.
Why? Well, for starters, their maker fees are insanely low at just 0.02%. That’s almost nothing, especially when you stack it up against the others. Plus, they’ve got TradingView charts that make you feel like a wizard, even if you’re just starting out.
BYDFi is also super easy to use. It doesn’t matter if you’re a total newbie or a seasoned pro; you’ll find your way around in no time. And let’s not forget, they’re legit regulated in the US, so you know they’re not messing around when it comes to keeping your crypto safe.
If you’re totally new to this, BYDFi might seem a bit overwhelming with all its tools and options. And if you’re into NFTs or staking, you might feel a bit left out since they don’t offer those.
Their blend of low costs, awesome tools, and a user-friendly setup makes them stand out big time. While there are other cool platforms out there, BYDFi just brings that extra something that makes it the top pick. So, if you’re diving into the crypto trading world and want to keep those fees low, BYDFi is where it’s at.