Have you ever think about a cryptocurrencies exchange website that allows its users to trade all most 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 I am talking about, if not. Then I am talking about derivatives cryptocurrencies websites. If you go on Coinmarketcap, you will see there are few derivative crypto exchange websites.
But the question is which derivative exchange is best for trading, especially for beginners. So I visited each derivative exchange website listed on Coinmarketcap. And I judged many best websites according to its Features, Fee, Popularity, Listed coins, Coin liquidity, and found these 5 best Derivatives Crypto trading Exchange Websites. So with no delay, let's start.
Before starting, I advise you the data may be different, such as fee, listed coin, liquidity here you see and on Coinmarketcap, and on websites.
What Is a Derivative?
According to the 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.
What Are 5 Best Derivative Cryptocurrencies Exchange Websites For Beginners And Pro?
Quick View.
- Binance Future.
- Huobi Future.
- Bitmex.
- OKEx.
- Bybit.
1. Binance Future.
Who doesn't know about the Binance, one of the fastest-growing Bitcoin and cryptocurrencies exchange, buy and sell, and trading platform? It has more features than any other derivative crypto exchange website, which brings more depth in trading. Using Binance derivative account users can easily trade with two Perpetual and Quarterly future contracts with 125* leverage.
If speaking about coins it supports about 22 altcoins including BTC, ETH, XLM, LINK for derivatives exchange, or trade with a pair of USDT for all coins.
Fee for Perpetual and Quarterly trading is different and has 10 levels (0 to 9) for both maker and taker. And deposit and withdrawal fees also vary according to coin types. Deposit for all derivatives exchange account is free.
Perpetual trading fee for.
- Maker 0.0200% & Taker 0.0400% (Level 0 minimum)
- Maker 0.0000% & Taker 0.0170% (Level 9 maximum)
- Maker 0.050% & Taker 0.0290% (Level 0 minimum)
- Maker (-0.0150%) & Taker 0.0240% (Level 9 maximum)
To see all types of fees, click here. Remember Binance regularly update fee so it may vary.
Binance has excellent security like email verification, two-factor authentication, Phone number. Binance maybe not available in your country like the U.S. but you can trade if you use a VPN.
2. Huobi Future.
This is another popular and second place on Coinmarketcap by volume. Where Binance gives only two future contracts, but Huobi gives four perpetual contracts. Its fee also varied and has a four-level which follows.
- Tier S - Maker (-0.030%) & Taker 0.045%
- Tier 1 - Maker (-0.027%) & Taker 0.045%
- Tier 2 - Maker (-0.025%) & Taker 0.045%
The listed altcoin is very short and supports around 13 coins but most important of all coins are popular like BTC, ETH, XRP, LTC, EOS, and more with the pair of USD. And the deposit is free and withdrawal charge 0.5% (it may vary). See the full fee list here.
Not only derivative trading you can use Huobi to buy and sell, exchange crypto in a minute with any device with a high-security level.
3. BitMEX.
You can not bypass BitMEX, it stands on the third place on Coinmarketcap in derivative trading categories. It launched in April 2014 and since now it becomes popular derivative trading for suitable and limited coins.
Like others, it does not have much-listed coins and only supports four coins such as BTC, ETH, XRP, BCH for derivative trading with the pair of USD.
The fee for all coin is the same, but it seems like the taker fee is higher than other derivative trading websites, and also it doesn't have any tier level.
Perpetual Contracts Fee.
- Maker (-0.0250%) & Taker 0.0750%
BitMEX does not charge fees on deposits or withdrawals. When withdrawing Bitcoin, it set the minimum Bitcoin Network fee dynamically based on blockchain load. The platform supports the 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 a two-factor authentication to restrict petty parties from reaching your account. And it also available in English, Japanese, Chinese, Korean, and Russian languages.
4. OKEx.
Another popular and old player in the derivative trading market launched in January 2014. The wonderful judge of OKEx is fewer and simple features that are clearly understandable by beginners.
It provides loads of items like perpetual swaps, futures, and margins. And support almost 9 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.
Fee for both Futures Trading and Perpetual Swap Trading.
- Maker 0.020% & Taker 0.050% (Minimum tier 1)
- Maker 0.015% & Taker 0.030% (Maximum tier 5)
In all of this most important item is, 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, INR that means you can manage your account in your local fiat currencies, but can not withdrawal in local currencies.
You could not judge OKEx because of simplicity, you should find out why it stays in fourth place on Coinmarketcap in derivatives trading categories.
5. Bybit.
Another popular but new in the crypto trading market launched in March 2018. Bybit totally builds for beginners with clear interference and popular coins.
It supports four coins such as BTC, ETH, EOS, 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 also it has no tier and level restriction. On Bybit there is no fee for makers.
Perpetual Contracts Fee.
- Maker (-0.025%) & Taker 0.075%
The only low point is Bybit not available for the US traders and also it has low listed coin which is not sufficient for big traders. Otherwise, you can say it is the finest for beginners.
There were many derivatives trading websites, but those were not qualifying in my list because of low liquidity, new platforms, and outrageous fee. But you think there is anyone I skipped then tell in the comment box I will mention it. And also don't forget to tell me.
Which Derivative Crypto Trading Exchange Website You Using Or Would Like To Use?
Note. Contract trading is a high-risk investment. Please be sure to read the Trading Rules and avoid potential risks.
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