Have you ever thought about a cryptocurrency exchange website that allows its users to trade almost any coin above or below the market price, or, you can say, at any price you want? Then continue with it.
If you are a crypto-insect, then you have already predicted what we talking about; if not,. Then we talking about derivatives cryptocurrencies websites. If you go on Coinmarketcap, you will see there are a few derivative crypto exchange websites.
But the question is which derivative exchange is best for trading, especially for beginners. So we visited each derivative exchange website listed on Coinmarketcap. And we judged many of the best websites according to their features, fees, popularity, listed coins, and coin liquidity, and found these 5 best derivatives crypto trading exchange websites. So with no delay, let’s start.
Before starting, we advise you that the data may be different, such as fee, listed coin, liquidity here, on Coinmarketcap, and on websites.
What is a derivative?
According to Investopedia, Investopedia – A derivative is a financial security with a value that is reliant upon or derived from an underlying asset or group of assets—a benchmark. The derivative itself is a contract between two or more parties, and the derivative derives its price from fluctuations in the underlying asset.
The most common underlying assets for derivatives are stocks, bonds, commodities, currencies, interest rates, and market indexes. These assets are commonly purchased through brokerages.
Binance Future.
Who doesn’t know about Binance, one of the fastest-growing Bitcoin and cryptocurrencies exchange, buy and sell, and trading platforms? It has more features than any other derivative crypto exchange website, which brings more depth to trading. Using a Binance derivative account, users can easily trade two perpetual and quarterly future contracts with 125* leverage.
If speaking about coins, it supports about 22 altcoins, including BTC, ETH, XLM, and LINK for derivatives exchange, or trade with a pair of USDT for all coins.
The fee for perpetual and quarterly trading is different and has 10 levels (0 to 9) for both the maker and the taker. And deposit and withdrawal fees also vary according to coin types. Deposits for all derivatives exchange accounts are free.
Perpetual trading fee for.
Maker 0.0200% and Taker 0.0400% (Level 0 minimum)
Maker 0.0000% and Taker 0.0170% (Level 9 maximum)
Quarterly trading fee for.
Maker 0.050% and Taker 0.0290% (Level 0 minimum)
Maker (-0.0150%) and Taker (0.0240%) (Level 9 maximum)
To see all types of fees, click here. Remember, Binance regularly updates the fee, so it may vary.
Binance has excellent security like email verification, two-factor authentication, and a phone number. Binance may not be available in your country, like the U.S., but you can trade if you use a VPN.
Huobi Future.
This is another popular and second place on Coinmarketcap by volume. Binance gives only two future contracts, but Huobi gives four perpetual contracts. Its fee also varied and has a four-level structure, as follows:.
Tier S: Maker (-0.030%) & Taker 0.045%
Tier 1: Maker (-0.027%) and Taker (0.045%)
Tier 2: Maker (-0.025%) & Taker 0.045%
The listed altcoin is very short and supports around 13 coins, but most importantly, all coins are popular, like BTC, ETH, XRP, LTC, EOS, and more, with the pair of USD. And the deposit is free, and the withdrawal charge is 0.5% (it may vary). See the full fee list here.
In addition to derivative trading, you can use Huobi to buy and sell and exchange crypto in a minute with any device with a high-security level.
BitMEX.
You cannot bypass BitMEX; it stands in third place on Coinmarketcap in derivative trading categories. It launched in April 2014, and since then, it has become popular for derivative trading for suitable and limited coins.
Like others, it does not have many listed coins and only supports four coins, such as BTC, ETH, XRP, and BCH, for derivative trading with the pair of USD.
The fee for all coins is the same, but it seems like the taker fee is higher than other derivative trading websites, and it also doesn’t have any tier level.
Perpetual Contract Fee.
Maker (-0.0250%) and Taker (0.0750%)
BitMEX does not charge fees on deposits or withdrawals. When withdrawing Bitcoin, it sets the minimum Bitcoin Network fee dynamically based on blockchain load. The platform supports only Bitcoin for the transaction. So withdrawals, deposits, and transaction fees are all done in BTC.
Security level high provides 24*7 support and also has live chat to interact with other derivative traders. There’s also two-factor authentication to restrict petty parties from reaching your account. And it is also available in English, Japanese, Chinese, Korean, and Russian.
OKEx.
Another popular and old player in the derivative trading market launched in January 2014. The wonderful feature of OKEx is its fewer and simpler features that are clearly understandable by beginners.
It provides loads of items like perpetual swaps, futures, and margins. And support almost nine popular coins, such as BTC, ETH, XRP, LTC, ETC, and more, with the pair of USD.
Like other derivative trading exchanges, it also has a fee according to tiers and levels. For normal users, it has 5 levels, and fees are the same for future trading and perpetual swap trading.
Fees for both futures trading and perpetual swap trading.
Maker 0.020% and Taker 0.050% (Minimum tier 1)
Maker 0.015% and Taker 0.030% (Maximum tier 5)
In all of this, the most important item is that it has 11 different languages like Korean, English, Chinese, Español, Français, Indonesia, Türkçe, and 9 different local currencies like USD, CNY, RUB, JPY, KRW, VND, IDR, PHP, and INR, which means you can manage your account in your local fiat currencies but cannot withdraw in local currencies.
You could not judge OKEx because of its simplicity; you should find out why it stays in fourth place on Coinmarketcap in derivatives trading categories.
Bybit.
Another popular but new market in the crypto trading market was launched in March 2018. Bybit totally builds for beginners with clear interference and popular coins.
It supports four coins such as BTC, ETH, EOS, and XRP with the pair of USD and 100* and 50* leverage for BTC and others, respectively.
The fee for maker and taker is the same for all pairs, and it also has no tier or level restriction. On Bybit there is no fee for makers.
Perpetual Contract Fee.
Maker (-0.025%) and Taker (0.075%)
The only low point is that Bybit not available for US traders, and it also has a low-listed coin, which is not sufficient for big traders. Otherwise, you can say it is the best for beginners.
There were many derivatives trading websites, but those were not on my list because of their low liquidity, new platforms, and outrageous fees. But if you think there is anyone we skipped, then tell me in the comment box, and we will mention it.
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