Crypto contract trading platforms have revolutionized the way traders interact with digital assets. These platforms allow you to speculate on cryptocurrency price movements without owning the underlying assets.
The best crypto contract trading platforms in 2024 offer a combination of low fees, high leverage, a wide range of tradable assets, and robust security measures.
When choosing a platform for crypto contract trading, you’ll want to consider factors like supported cryptocurrencies, maximum leverage offered, trading fees, and user interface.
Top platforms typically provide educational resources and demo accounts to help you get started. They also implement strict security protocols to protect your funds and personal information.
As the crypto market evolves, contract trading platforms adapt to meet user needs. Many offer advanced features like cross-collateralization, portfolio margin, and innovative contract types.
By selecting a reputable platform that aligns with your trading goals, you can maximize your potential in the dynamic world of cryptocurrency derivatives.
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Best Crypto Contract Trading Platforms In USA & Around The World
- ByBit [100X Leverage Crypto Exchange: Best Overall]
- BingX [100x Leverage & No KYC]
- Bitget [up to 100x on its Futures contracts]
- Phemex [20x Leverage]
- MEXC [100x leverage on Futures platform]
- Binance [20x Leverage On Bitcoin]
- Stormgain [Bonus Of $25 ]
- PrimeXBT [70% Joining Bonus]
#1. Bybit
Bybit is a prominent cryptocurrency derivatives exchange founded in 2018. Based in Singapore, it has quickly gained a reputation as a leading platform for crypto contract trading.
The exchange boasts over 10 million registered users globally. Bybit’s daily trading volume regularly exceeds $10 billion, showcasing its significant market presence.
Bybit supports trading for over 100 cryptocurrencies. You can access a wide range of futures contracts with leverage up to 100x on select pairs. The platform offers over 150 trading pairs for spot and derivatives trading.
You’ll find several types of futures contracts on Bybit:
- USDT Perpetual
- Inverse Perpetual
- Inverse Futures
Bybit’s fee structure is competitive, with taker fees starting at 0.06% and maker fees at 0.01% for futures trading.
Security is a top priority at Bybit. To protect user funds, the platform employs multi-signature cold wallets, two-factor authentication, and regular security audits.
Customer support is available 24/7 through live chat, email, and social media.
Bybit offers a variety of order types for contract trading:
- Market orders
- Limit orders
- Conditional orders
- Take Profit and Stop Loss orders
Pros:
• High liquidity
• User-friendly interface
• Advanced trading features
Cons:
• Not available in some countries
• Limited payment options
#2. BingX
BingX, founded in 2018 and based in Singapore, has quickly become a respected player in crypto contract trading. The platform boasts over 5 million users globally and handles a daily trading volume exceeding $600 million.
BingX supports over 300 cryptocurrencies and offers futures contracts for major coins like Bitcoin and Ethereum. Traders can access up to 150x leverage on specific pairs.
Available contract types include:
- Perpetual futures
- Quarterly futures
- USDT-margined futures
Trading fees for futures contracts start at 0.04% for makers and 0.06% for takers, with discounts available for high-volume traders.
BingX prioritizes security through measures such as:
- Two-factor authentication
- Cold wallet storage
- Regular security audits
Customer support is available 24/7 via live chat and email.
Order types you can use on BingX include:
- Market orders
- Limit orders
- Stop-loss orders
- Take-profit orders
Pros:
• User-friendly interface
• High leverage options
• Social trading features
Cons:
• Not available in some countries
• Limited educational resources
BingX offers a mobile app for iOS and Android, allowing you to trade. The platform also provides copy trading features, enabling you to follow and replicate the strategies of successful traders.
#3. Phemex
Phemex, founded in 2019 and based in Singapore, has rapidly become a prominent player in crypto contract trading. The platform boasts over 5 million users globally and handles daily trading volumes exceeding $10 billion.
Phemex supports over 40 cryptocurrencies and offers a wide range of futures contracts. You can trade popular pairs like BTC/USDT and ETH/USDT with leverage up to 100x. The platform provides both inverse and linear perpetual agreements.
Trading fees on Phemex are competitive, starting at 0.01% for makers and 0.06% for takers. Premium members enjoy zero spot trading fees.
Security is a top priority for Phemex. The platform employs cold storage for user funds, multi-signature wallets, and regular security audits. Customer support is available 24/7 through live chat and email.
You can utilize various order types on Phemex, including:
- Market orders
- Limit orders
- Stop-loss orders
- Take-profit orders
- Conditional orders
Pros:
- High leverage options
- User-friendly interface
- Strong security measures
- Zero spot trading fees for premium members
Cons:
- Limited selection of cryptocurrencies compared to some competitors
- Not available in all countries
- Withdrawal fees can be high for some cryptocurrencies
Phemex offers a mobile app for iOS and Android, allowing you to trade on the go. The platform also provides educational resources to help you improve your trading skills.
#4. MEXC
MEXC, founded in 2018 and based in Seychelles, has quickly become a prominent player in crypto contract trading. The platform boasts over 10 million users worldwide and processes a daily trading volume exceeding $1 billion.
MEXC offers an impressive array of trading options:
- 1,700+ cryptocurrencies
- 2,600+ trading pairs
- 180+ futures contracts
- Leverage up to 200x
Traders can engage in various futures contracts, including perpetual and quarterly options. MEXC’s competitive fee structure starts at 0.02% for makers and 0.06% for takers.
MEXC’s complete safety of mentsfundsure cold wallets and regular security audits to ensure your funds’ safety. Their 24/7 customer support is available via live chat, email, and social media.
When trading on MEXC, you can utilize a range of order types:
- Market orders
- Limit orders
- Stop-loss orders
- Take-profit orders
- Trailing stop orders
Pros:
• Wide variety of assets and trading pairs
• High liquidity and fast transaction processing
• User-friendly interface for both beginners and experienced traders
Cons:
• Not available in certain countries due to regulatory restrictions
• Limited fiat deposit options compared to some competitors
MEXC’s platform supports hedge mode, allowing you to hold both long and short positions in the same contract. This feature provides flexibility in your trading strategies and risk management.
#5. Bitget
Bitget is a leading cryptocurrency exchange founded in 2018. With over 20 million users worldwide, it boasts a daily trading volume exceeding $10 billion.
Bitget supports over 500 cryptocurrencies and offers futures contracts with leverage of up to 125x. The platform provides a wide range of trading pairs for spot and derivatives markets.
Futures contracts on Bitget include USDT-margined, coin-margined, and USDC-margined options. Trading fees are competitive, with maker fees at 0.02% and taker fees at 0.06% for futures trading.
Security is a top priority for Bitget. The platform employs multi-signature wallets, cold storage, and two-factor authentication to protect user funds. Customer support is available 24/7 through live chat and email.
Bitget offers various order types for crypto contract trading:
- Market orders
- Limit orders
- Stop-limit orders
- Take-profit orders
- Trailing stop orders
Pros:
• High leverage options
• Extensive range of cryptocurrencies
• Competitive trading fees
• Copy trading feature
Cons:
• Not available in all countries
• Complex interface for beginners
• Limited fiat currency support
Bitget’s user-friendly interface and advanced features make it a popular choice for novice and experienced traders. The platform’s copy trading feature allows you to mirror the strategies of successful traders, potentially enhancing your trading outcomes.
#6. BYDFi
BYDFi, formerly known as BitYard, is a Singapore-based cryptocurrency exchange that was launched in 2019. It has quickly gained recognition for its advanced crypto trading features.
The platform supports over 400 spot trading pairs and 150+ futures contracts. Traders can access leverage of up to 200x on certain products, allowing for potentially high-risk, high-reward strategies.
BYDFi offers various futures contracts, including perpetual and quarterly options. Fees for perpetual contracts are competitive at 0.06% for takers and 0.02% for makers.
Security is a priority at BYDFi, with measures like two-factor authentication and cold storage for assets. Customer support is available 24/7 through multiple channels.
You can choose from several order types on BYDFi, including market, limit, and stop-loss orders. This variety allows for flexible trading strategies.
Pros:
- Low trading fees
- A wide range of trading pairs
- High leverage options
Cons:
- Relatively new platform
- Limited educational resources
BYDFi provides a user-friendly interface across multiple devices, including iOS, Android, MacOS, and Windows. You can access real-time trading insights on both mobile and web platforms.
The exchange offers a combination of spot and derivative trading, catering to both beginner and experienced investors. Its competitive fee structure and diverse product range make it an attractive option for crypto contract trading.
#7. Deribit
Deribit is a leading cryptocurrency derivatives exchange founded in 2016. Based in Panama, it has gained a strong reputation for offering advanced trading options in the crypto space.
The platform supports over 1 million registered users and handles daily trading volumes exceeding $1 billion. Deribit focuses primarily on Bitcoin and Ethereum derivatives.
Traders can access futures and perpetual contracts with up to 100x leverage. The exchange offers European-style options as well. Currently, Deribit supports over 200 different crypto derivatives contracts.
Depending on your account tier, futures trading fees on Deribit are competitive, ranging from -0.02% to 0.05%. Maker fees can be harmful, allowing you to earn rebates on specific trades.
Security is a top priority for Deribit. The exchange employs cold storage for most funds, multi-signature wallets, and regular security audits. Customer support is available 24/7 via live chat and email.
You can place a variety of order types on Deribit, including:
- Market orders
- Limit orders
- Stop-loss orders
- Take-profit orders
- Trailing stop orders
Pros:
• High liquidity for crypto derivatives
• Advanced trading features
• Negative maker fees possible
Cons:
• Limited number of supported cryptocurrencies
• Not available to US residents
#8. OKX
OKX, founded in 2017 and based in Malta, has become a leading cryptocurrency exchange known for its advanced trading features. It boasts over 20 million users worldwide and handles billions in daily trading volume.
The platform supports over 350 cryptocurrencies and offers a wide range of futures contracts with up to 125x leverage. OKX provides linear and inverse futures contracts, catering to different trading strategies.
OKX Futures trading fees are competitive, with maker fees starting at 0.02% and taker fees at 0.05%. These rates can be reduced based on trading volume and OKB token holdings.
Security is a top priority for OKX. The exchange employs multi-signature wallets, cold storage for most funds and regular security audits. Customer support is available 24/7 through live chat and email.
You can utilize various order types on OKX, including:
- Market orders
- Limit orders
- Stop-loss orders
- Take-profit orders
- Trailing stop orders
Pros:
- High liquidity
- A wide range of trading pairs
- Advanced trading features
- Mobile app for on-the-go trading
Cons:
- Not available in some countries
- Complex interface for beginners
- KYC is required for higher withdrawal limits
OKX offers a comprehensive suite of tools for crypto contract trading, making it suitable for experienced traders and those looking to expand their trading strategies.
#9. Kraken
Kraken is a leading cryptocurrency exchange founded in 2011 and based in San Francisco. It has built a strong reputation for crypto contract trading, serving over 9 million users globally with daily trading volumes exceeding $1 billion.
The platform supports over 200 cryptocurrencies and offers futures contracts for major coins like Bitcoin and Ethereum. You can trade with up to 50x leverage on select pairs. Kraken provides both perpetual and fixed-maturity futures contracts.
Kraken Futures charges competitive fees, with taker fees ranging from 0.02% to 0.05% and maker fees from -0.02% to 0.00%, depending on your 30-day trading volume.
Security is a top priority at Kraken. They employ measures such as:
- Two-factor authentication
- SSL encryption
- Cold storage for 95% of assets
- Regular security audits
You can access 24/7 customer support via live chat, email, or phone.
Kraken offers a variety of order types for contract trading, including:
- Market orders
- Limit orders
- Stop-loss orders
- Take-profit orders
Pros:
• High liquidity
• Advanced trading features
• Strong security measures
Cons:
• Complex interface for beginners
• Limited selection of altcoin futures
#10. Binance
Binance, founded in 2017, has quickly become a leading cryptocurrency exchange. Its headquarters in Malta has established itself as a top platform for crypto contract trading.
The exchange boasts over 128 million users worldwide and handles a daily trading volume exceeding $76 billion.
Binance supports over 350 cryptocurrencies and offers futures contracts for numerous trading pairs. Traders can access leverage up to 125x on select pairs.
Available contract types include:
- Perpetual futures
- Quarterly futures
- COIN-margined futures
Binance Futures trading fees are competitive, starting at 0.02% for makers and 0.04% for takers.
Security is a priority on Binance. The platform employs:
- Two-factor authentication (2FA)
- Address allowlisting
- Cold storage for the majority of funds
Customer support is available 24/7 through live chat and email.
For contract trading, you can use various order types:
- Market orders
- Limit orders
- Stop-limit orders
- Take profit/stop loss orders
Pros:
• High liquidity
• Wide range of trading pairs
• Competitive fees
Cons:
• Complex interface for beginners
• Limited customer support options
#11. KuCoin
KuCoin, founded in 2017 and based in Seychelles, has become a prominent player in crypto contract trading. The exchange boasts over 30 million users worldwide and handles a daily trading volume exceeding $1 billion.
KuCoin supports over 700 cryptocurrencies and offers more than 1,000 trading pairs. You can access up to 100x leverage on select contracts for futures trading.
The platform provides various futures contracts, including:
- USDT-margined
- Coin-margined
- Inverse contracts
Trading fees for futures are competitive, starting at 0.02% for makers and 0.06% for takers.
KuCoin implements robust security measures, such as:
- Two-factor authentication
- Multi-layer encryption
- Regular security audits
Customer support is available 24/7 through live chat, email, and social media.
When trading crypto contracts on KuCoin, you can use several order types:
- Market orders
- Limit orders
- Stop orders
- Take profit orders
Pros:
- Wide range of supported cryptocurrencies
- High leverage options
- User-friendly interface
Cons:
- Not licensed in the United States
- Limited fiat currency support
KuCoin offers a mobile app for iOS and Android, allowing you to trade. The platform also provides educational resources to help you understand contract trading better.
#12. BitMEX
BitMEX, founded in 2014 and based in Seychelles, is a leading cryptocurrency derivatives exchange. It’s known for offering high-leverage trading on various crypto assets.
BitMEX serves millions of users worldwide. The platform processes billions of dollars in daily trading volume, making it one of the most liquid crypto derivatives markets.
You can trade futures contracts on BitMEX for major cryptocurrencies like Bitcoin, Ethereum, etc. The exchange offers up to 100x leverage on specific agreements, allowing for potentially high-risk, high-reward trades.
BitMEX provides perpetual swaps, traditional futures, and options contracts. Trading fees are competitive, with a taker fee of 0.075% for derivatives.
Security is a top priority on BitMEX. The platform employs multi-signature wallets, cold storage for funds, and regular security audits. Customer support is available 24/7 via email and live chat.
You can place various order types on BitMEX, including:
- Market orders
- Limit orders
- Stop orders
- Take profit orders
Pros:
• High liquidity
• Advanced trading features
• Competitive fees
Cons:
• Complex for beginners
• Not available in some countries
• High-leverage trading carries significant risks
BitMEX offers a powerful platform for experienced traders seeking advanced crypto derivatives trading options.
What Is Crypto Contract Trading In 2024?
Crypto contract trading lets you speculate on cryptocurrency price movements without owning the underlying assets. In 2024, this form of trading remains popular among experienced traders seeking to amplify their potential profits.
When engaging in crypto contract trading, you agree to buy or sell a specific amount of cryptocurrency at a predetermined price on a future date. These contracts come in various forms, including futures, perpetual, and options.
Critical features of crypto contract trading:
- Leverage: You can control more prominent positions with a smaller initial investment
- Short selling: Profit from price decreases by “shorting” cryptocurrencies
- Risk management: Use stop-loss orders and take-profit levels to manage exposure
Crypto contract platforms offer advanced tools for technical analysis and risk assessment. You’ll find features like real-time market data, charting tools, and order book depth.
It’s important to note that contract trading carries higher risks due to leverage. Sudden market movements can lead to substantial gains or losses. Always practice proper risk management and thoroughly understand the platform’s mechanics before trading.
In 2024, crypto contract trading continues to evolve with improved user interfaces, enhanced security measures, and a more comprehensive range of tradable assets. Stay informed about regulatory changes as they may impact your trading activities.
Frequently Asked Questions
Crypto contract trading platforms offer various features and options for traders. Safety, availability, beginner-friendliness, and contract types are vital considerations when choosing a platform.
What is the safest platform for crypto contract trading?
Binance is widely regarded as one of the safest platforms for crypto contract trading. It employs robust security measures like two-factor authentication and cold storage for funds.
OKX also prioritizes security with features like multi-signature wallets and regular security audits.
What platform can I use for contract trading in the USA?
Kraken is a popular option for USA-based traders interested in crypto contract trading. It’s fully compliant with US regulations and offers a user-friendly interface.
Coinbase also provides contract trading services to US customers with more limited options than international platforms.
How to trade crypto contracts for beginners?
Start by choosing a beginner-friendly platform like Binance or Bybit. These offer demo accounts to practice without risking real money.
Learn the basics of contract types, leverage, and risk management. Start with small trades and low leverage to gain experience.
Use stop-loss orders to limit potential losses. Regularly review and analyze your trades to improve your strategy.
Can you trade contracts on crypto?
Yes, you can trade contracts on cryptocurrencies. These include futures, options, and perpetual agreements.
Futures contracts allow you to buy or sell crypto at a predetermined price on a future date. Options give you the right, but not the obligation, to buy or sell at a specific price.
Perpetual contracts are similar to futures but without an expiry date. They’re popular due to their flexibility and potential for high leverage.
Conclusion
Choosing the right crypto contract trading platform is crucial for success in the digital asset markets. When deciding, consider factors like fees, security, available trading pairs, and user interface.
Top platforms like Coinbase and Kraken offer robust features for beginners and experienced traders. Gemini stands out for its strong security measures, while Robinhood provides a familiar interface for those transitioning from traditional markets.
Don’t forget to evaluate each platform’s regulatory compliance and reputation in the industry. Your choice should align with your trading goals, risk tolerance, and experience level.
Remember to start small and use practice accounts when possible. Familiarize yourself with the platform’s tools and contract types before committing significant capital.
Stay informed about market trends and continue educating yourself on crypto contract trading strategies. With the right platform and knowledge, you’ll be well-equipped to navigate the dynamic world of cryptocurrency derivatives.
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