How to Trade Bitcoin Futures & Options? Derivatives Exchange
Bitcoin Derivatives are tradable securities or contracts which derive their value from underlying assets (Bitcoin spot rate). Bitcoin Future and Options are now among the most common financial products on any cryptocurrency exchange or trading platform, thanks to increased interest among the crypto trading community. Various Bitcoin derivatives products include Swaps, Futures, Forwards, Options, and Perpetual Futures.
Trading crypto derivatives has its advantages as it allows users to mitigate volatility-associated risks and hedge against potential losses.
How to trade Bitcoin Futures & Options
Step 1) Register a free Binance account.
Next, click open now to activate your trading account.
Step 2) Choose a contract you want to trade.
Step 3) Adjust the position mode.
And select hedge mode and set leverage multiplier.
Step 4) Transfer asset into the future account
If you want to transfer used to spot, you can transfer using Binance. You can also transfer to a coin margin account if you want to trade coin margin.
Step 5) Open a position,
You can see binance support various order types like limit, market, and stop limit.
Step 6) Monitor your position.
All your positions are given bottom of the screen; you can check them.
Step 7) Close your position.
You can do this by selecting the limit close or market-close option. You need to select a one-way mode.
Step 8) Under the hedging mode
1) You need to select the close tab.
After this step, you are all set for trading.
Bitcoin F&O Guide:
Best Crypto Derivatives Exchanges: Trade Bitcoin Future and Options
Crypto derivative exchanges offer dashboards for trading history, recent trades, and order books. Here is a list of the Top Bitcoin Derivative Exchanges. This list consists of paid and open-source tools with popular features and the latest download links.
Name | Binance | Deribit | Bybit |
Supported Coins | 30+ cryptocurrencies | BTC or ETH | Bitcoin, Ethereum, Ripple, EOS. |
Fee | Taker fee is 0.075%, maker fee is 0.025%. | Maker-.02% Taker: .05%. Options.04%. | 0.075% taker fee, 0.025% rebate for makers. |
Leverage | Up to 125x | Up to 100x | Up to 100x. |
Withdrawal | Under 30 minutes | Take up to 3 days. | Processed 3 times a day. |
Daily Turnover | 4 Billion | 1 billion | 700 Million |
Support options | Live Chat & Email | Telegram and Email | Live Chat & Email |
Deposits | Bank Deposit, Credit/Debit Card: Visa and Mastercard. P2P Trading |
Crypto Only | Cryptocurrency |
Mobile Apps | iOS, Android | iOS, Android | iOS, Android |
Geo Restrictions | Not allowed for USA. | Not allowed in USA. | Worldwide, except United Kingdom, USA, Australia, Europe, Netherlands, Finland, Sweden, Denmark, and Norway. |
Verification | Address and identity verification. | Address verification. | No KYC verification need. |
Link | Learn More | Learn More | Learn More |
1) Binance
Binance is one of the best crypto derivate exchanges. It offers a platform for trading more than 150 cryptocurrencies. This online exchange has an API to integrate your current trading application.
Features:
- It is one of the top cryptocurrency exchanges that provide 24/7 support.
- This application offers a wide range of tools for bitcoin options trading online.
- It has a P2P exchange, spot, and futures.
- Offers both basic and advanced exchange interfaces for trading.
Key Specs:
- Supported Coins for derivatives: 30+ cryptocurrencies.
- Fees: Standard taker fee is 0.075%, and the standard maker fee is 0.025%
- Leverage: Up to 125x
- Withdrawal: Under 30 minutes
- Daily Turnover: 4 Billion
- Support: Live Chat & Email
- Deposit: Bank Deposit, Credit/Debit Card: Visa or Mastercard, and P2P Trading.
- Mobile Apps: iOS, Android.
- Geo Restriction: Not allowed for USA
- Verification: Government ID card and address verification for KYC.
2) Deribit
Deribit is a great exchange for crypto futures and options trading. It comes with a no-fee deposit and free withdrawals. It allows buying and selling of Bitcoin futures and settlement options.
Features:
- Low trading fees
- It offers dashboards for trading history, recent trades, and order books.
- Allows test exchange to get training in crypto bitcoin derivatives.
- It has statistics for futures, index, volatility, and technical indicators.
Key Specs:
- Supported Coins for derivatives: BTC or ETH.
- Fees: Maker: -.02% Taker: .05%. Options.04%.
- Leverage: 100x leverage
- Withdrawal: Take up to 3 days.
- Support: Telegram and Email
- Deposit: Crypto Only
- Mobile Apps: iOS, Android.
- Geo Restriction: Not allowed in USA.
- Verification: Need documents that reflect the country of residence.
3) Bybit
Bybit’s advanced trading system is ever-reliable with No Overloads and a 99.99% availability track record since inception. It offers an advanced order system where traders can set TP/SL for entry orders.
Features:
- Advanced mark and index pricing system provides the most reliable prices.
- Variety of platform data shown in real time to remain transparent to the users.
- Encrypted and secure platform.
Key Specs:
- Supported Coins for derivatives: Bitcoin, Ethereum, Ripple, EOS.
- Fees: 0.075% taker fee, 0.025% rebate for makers.
- Leverage: Up to 100x.
- Withdrawal: Processed 3 times a day.
- Daily Turnover: 700 Million.
- Support: Live Chat & Email
- Deposit: Cryptocurrency
- Mobile Apps: iOS, Android.
- Geo Restriction: Worldwide, except United Kingdom, USA, Australia, Europe, Netherlands, Finland, Sweden, Denmark, and Norway.
- Verification: No KYC verification is needed. Enter your phone number or email address, then verify your number or email address.
4) BitMEX
BitMEX is one of the best cryptocurrency exchanges and platforms. This web-based crypto derivative application offers a comprehensive API that helps investors to access financial markets using Bitcoin.
Features:
- This application constantly audits the balance and history of all accounts.
- It provides multi-factor security inside-out.
- Bitmex keeps all funds in cold storage for security.
- The perpetual contract of BitMex may trade at a significant premium or discounted rate to the Market Price.
Key Specs:
- Supported Coins for derivatives: Bitcoin, Ethereum, Litcoin, Cardano, EOS, Ripple, etc.
- Fees: Maker.025% and Taker:.075%.
- Leverage: up to 100x
- Withdrawal: Linked up to your withdrawal wallet address to your Bybit account
- Support: Mail only
- Deposit: Crypto Only
- Mobile Apps: No
- Geo Restriction: Not allowed in Hong Kong, Bermuda, and Seychelles.
- Verification: Not needed
5) OkEx
OKEx is a cryptocurrency exchange that provides advanced financial services to traders globally by using blockchain technology. This crypto exchange offers hundreds of tokens to help traders to optimize their crypto derivative strategies.
Features:
- OKEx provides a safe, reliable, and stable environment for digital asset trading via the web interface.
- Increases the efficiency of transactions across society.
- The support team provides a fast resolution to your query.
- It helps you to trade cryptos instantly and at a low price.
- You can join the conversations on OKEx worldwide communities.
Key Specs:
- Supported Coins for derivatives: Bitcoin (BTC), Ether (ETH), and Litecoin (LTC).
- Fees: Standard taker fee is 0.075%, and the standard maker fee is 0.025%
- Leverage: 1-100x.
- Withdrawal: Only crypto
- Support: Live Chat, Ticket, and Email.
- Deposit: Token trading.
- Mobile Apps: iOS, Android.
- Geo Restriction: Not allowed in Bangladesh, Bolivia.
- Verification: No verification is required to trade.
6) Kraken
Kraken is one of the most trusted crypto derivatives exchange companies. It offers financial stability by maintaining full reserves, relationships, and the highest legal compliance standards.
Features:
- It offers a highly comprehensive security approach.
- Allows you to buy and sell assets in a single click.
- Kraken automatically checks all addresses for errors.
- One of the most trusted crypto derivatives exchange
Key Specs:
- Supported Coins for derivatives: XBT, ETH, LTC, BCH, and XRP
- Fees: 0.02% maker fee and 0.05% taker fee
- Leverage: Up to 50x
- Withdrawal: Transfer funds to your Futures Holding wallet
- Support: 24/7 live chat
- Mobile Apps: iOS, Android.
- Geo Restriction: Not allowed in Afghanistan, Congo-Brazzaville, Congo-Kinshasa, Cuba, Iran, Iraq, Libya, and North Korea.
- Verification: Need documents that reflect the country of residence