Crypto futures provide a way for traders to get exposure to cryptocurrencies like Bitcoin and Ethereum without having to hold the underlying asset. This method essentially allows traders to speculate on the price of a cryptocurrency going up or down (otherwise known as long, or short) with leverage.

We have shortlisted the best 3 Crypto Futures Trading Platforms based on our research comparing security, fees, trading pairs and liquidity.

  1. Bybit Futures - Best Overall for Futures Trading & Low Fees
  2. FTX Exchange - Best for Institutional Investors
  3. eToro - Best Multi-Asset Trading Platform (Stocks, ETFs & Crypto)

‚Äć

FTX Futures Trading Bybit Crypto Futures Trading eToro Crypto Futures Trading
Trading Fees 0.02% Maker | 0.07% Taker 0.01% Maker | 0.05% Taker 1% Commissions
Platform Features 20x Leverage and Lending 100x Leverage, Lending, Staking, NFT Marketplace 10x Leverage, Stocks, ETFs and Commodities
Available Cryptos 200+ 400+ 30+
Year Founded 2018 2017 2008
Available for USA Yes Yes Yes
Deposit Methods Bank Wire, Bank Transfer, Crypto, PayPal and more Bank Wire, Bank Transfer, Debit Card or Crypto Bank Wire, Bank Transfer, PayPal, Debit Card, Credit Card
Mobile Friendly Image Image Image
Overall Rating Image Image Image
Visit Website FTX Bybit eToro

‚Äć

BYBIT WINS: The best overall exchange to start trading crypto futures contracts is Bybit. They are a secure and regulated leverage exchange based  that offers the lowest trading fees, and deepest liquidity across a wide variety of pairs.

Their trading platform also offers Crypto Staking, Crypto IDOs, an NFT Marketplace and much more.

Table of Contents

How to Trade Crypto Futures

Trading crypto with leverage is easy thanks to the wide variety of futures trading platforms around the world. This is a short 5 step guide on how to get started on a centralized platform:

  1. Sign up to Bybit (5% off fees).
  2. Create your account (No KYC - only need email address and password).
  3. Deposit any fiat currency or crypto into your Bybit account.
  4. Select the amount of leverage you would like to use (max 100x).
  5. Select whether you would like to go long or short and execute the trade.
Trading the ETH/USDT Perpetual Futures contract on Bybit.

What is Leverage Trading

Leveraged trading in crypto is simply a way to borrow funds from a cryptocurrency exchange in order to add size to your trade. For example, with crypto leverage trading you can deposit $1,000 and take a trade with 10X leverage. This means that your overall trade positions is now $10,000.

However, with leverage in crypto comes risk. In the example provided above, if your trade was to go down 10% you would be completely liquidated and lose the $1,000.

‚Äć

Best Crypto Futures Trading Platforms

The tables below provide a quick overview of the best trading platforms for Crypto and Bitcoin futures.

#1 ByBit - Best Overall Futures Trading Platform

ByBit is one of the fastest growing futures trading platform with hundreds of coins and no KYC or verification requirements to sign up to their platform. They are also one of the few remaining derivatives trading platforms that offers 100x leverage on cryptocurrencies.

You can read our ByBit Review for more information.

Pros

  • Deepest liquidity and tightest spreads
  • No KYC¬†to trade Crypto
  • Available for most countries in the world
  • Trade 400+¬†Cryptos with 100x leverage
  • Cheapest trading fees

Cons

  • US¬†users will need a VPN¬†to use this platform
Usability
5 Star Buy Bitcoin Rating for Ease of Use
Privacy
4 Star Buy Bitcoin Rating for Privacy
Fees
5 Star Buy Bitcoin Rating for Ease of Use
Visit Bybit

#2 FTX Futures Trading - Best for Institutions

Founded by well renown trader Sam Bankman-Fried, FTX is hands down the fastest growing and most innovative Crypto Futures Trading Platform in the space.

FTX are known for their low fees, diverse products and extremelly easy to use futures and options trading platform. They offer leveraged tokens, 100x perpetual futures, USD and USDT pairs, a range of altcoins, all of the latest DeFi tokens and much more.

Read our FTX Review for more information.

Pros

  • Lowest fees and best liquidity
  • Trade hunders of cryptos
  • Secure and globally renown exchange
  • Up to 10x leverage
  • Lend USD¬†and Crypto for yield

Cons

  • Some spot markets can be illiquid
Usability
5 Star Buy Bitcoin Rating for Ease of Use
Privacy
4 Star Buy Bitcoin Rating for Privacy
Fees
4 Star Buy Bitcoin Rating for Privacy
Visit FTX

#3 eToro Trading

eToro is the largest multi-asset brokerage platform in the world. They allow traders to leverage trade cryptocurrencies, stocks, commodities and much more. Their platform is widely regarded for their low fees, fast fiat currency deposit and diverse selection of assets.

Read our eToro Review for more information.

Pros

  • Widest variety of assets
  • Zero fees on trading
  • Sleek and easy to use app
  • Cheap fiat deposits

Cons

  • Spreads can get wide
Usability
5 Star Buy Bitcoin Rating for Ease of Use
Privacy
4 Star Buy Bitcoin Rating for Privacy
Fees
4 Star Buy Bitcoin Rating for Privacy
Visit eToro

#4 Binance Futures Trading

Binance is by far the global leader in both Bitcoin futures trading and crypto futures trading. Their platform enables users to trade cryptocurrencies like Bitcoin, Ethereum, Ripple, Chainlink and more against Tether (USDT) with leverage that goes up to 125x.

You can get started with a Binance Futures account in minutes from anywhere around the world and gain access to the best Bitcoin and crypto futures trading platform that any exchange has to offer.

Read our Binance Review for more information.

Pros

  • Good spot volume and liquidity
  • Wide variety of cryptos to trade
  • Best depth in perpetual futures
  • Up to 25x leverage

Cons

  • Issues around regulatory clarity in many jurisdictions
Usability
5 Star Buy Bitcoin Rating for Ease of Use
Privacy
4 Star Buy Bitcoin Rating for Privacy
Fees
4 Star Buy Bitcoin Rating for Privacy
Visit Binance

Best Decentralized Futures Exchange

If you are interested in decentralized futures trading platforms to trade derivatives on-chain, we would recommend DYDX. They have the deepest liquidity to trade the top crypto pairs like BTC, ETH, AVAX, NEAR, LUNA, ONE and many others.

The DYDX Platform runs on the StarkWare Layer 2, which makes fees under 0.0001 per transaction. DYDX is also offering a rebate paid out in $DYDX tokens for users who actively trade on their platform to bootstrap their growth.

Best Crypto Futures Trading
Available markets on the DYDX Futures DEX

Why should I trade Crypto futures?

One common reason is to hedge price risk. Crypto Futures allows investors to mitigate the risk of a falling price by taking a short futures position. If the price of Bitcoin falls while the investor has taken a short position on Bitcoin Futures, it will mitigate the loss of their investment by providing some additional revenue/profit.

The other common reason is to speculate on price direction. Crypto leverage trading enables the opportunity for traders to truly speculate on the asset, even with up to 100x leverage if they are extremely confident.

‚Äć

The growth of futures and options in Crypto

Interest in Bitcoin Futures trading across major exchanges like the Chicago Mercantile Exchange (CME), Bakkt and other platforms like Deribit and Bybit has been hitting all-time highs as institutional investors rush to gain exposure to Bitcoin. In terms of size, open interest for CME Bitcoin futures hit a new all-time high on 5 May 2020 of just under $500 million.

It comes as no surprise that prominent American hedge funds are becoming increasingly interested in Bitcoin Futures given the growth of the asset in the past few years. This is perpetuated even further due to the macroeconomic backdrop in which Federal Banks are printing record stimulus in a futile attempt to stimulate the economy.
‚Äć
Most notably, Paul Tudor Jones II of the Tudor Investment Corp has recently come out and stated that he is ‚Äúinterested in Bitcoin as an emerging macro hedge against money printing and geopolitical uncertainties‚ÄĚ. Mr Jones later told CNBC in the same interview that he has 2% of his assets in Bitcoin tied to Bitcoin Futures contracts on the CME.

‚Äć

Crypto leverage trading fees

Here are some of the common fees and costs associated with trading cryptocurrency futures contracts with leverage.

  1. Trading Fees: Much like spot trading, Bitcoin Futures contracts will typically charge a commission for
    a buy or sell.
  2. Extension Fees: Fees can apply if you extend a Bitcoin Futures contract beyond its close date.
  3. Leverage Fees: When you are margin trading Bitcoin, you are borrowing money to use leverage on your trades. There is generally an interest payment attached to borrowing that money.
  4. Overnight Fees: Fees can apply for certain Bitcoin Futures contracts when you keep
    a contract open through a certain time period.
Visit Bybit 

Join Our Newsletter and Get the Latest
Posts to Your Inbox

No spam ever. Read our Privacy Policy
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.