6 Best Crypto Futures Trading Platforms

Crypto futures trading platform reviews

We have reviewed the best crypto futures trading platforms and exchanges to make it easier for you to find the most trusted operators that offer crypto futures, perpetual futures, and swaps contracts.

Our expert team consisting of Ben and Amanda has based their analysis on 30 different data points and they’ve used three different third-party websites (Trustpilot, G2, and SiteJabber) to get real customer feedback to find the top picks.

List of the best crypto futures trading platforms

  1. BYDFi – Best crypto futures trading platform overall – 200x leverage – No KYC – Accepts traders from the USA – Lowest fees
  2. BTCC – Trade USDT-M crypto futures with 225x leverage – Showing coins with highest volume – Biggest winners
  3. MEXC – Top futures exchange alternative with low maker fees – Demo trading – Futures events – Daily competitions
  4. BingX – Trade standard and perpetual crypto futures – Good for both advanced and beginner traders
  5. Phemex – Trade No KYC crypto futures contracts – Accepts US traders – Offers a seamless app for advanced trading
  6. Bybit – Offers inverse crypto perpetual futures and USDC contracts – Showing hot derivatives trading pairs

This article is not intended as financial guidance. Investing and trading in cryptocurrencies is risky. Always conduct your own research prior to investing. Trading with leverage is very risky and you stand to lose all your capital. Certain links provided are affiliate links, which means we earn a commission at no additional cost to you. Despite this, our content maintains its impartiality and is not influenced by our partners.

Quick Summary

Review of top crypto futures trading platforms

In the process of reviewing these operators, our team has looked at over 30 data points to find the platforms that outperform the rest.

Here is a list of the features that were analyzed in particular:

We think it is important for traders to consider these factors when they choose platform to be sure that they are making the right choice.

In the next section we will go break down each exchange in detail to make it easier for you to select which one is most suitable for you.

1. BYDFi – Trade crypto futures in the USA with 200x leverage and no KYC

BYDFi at a glance

BYDFi ranks as the best crypto futures trading platform, especially for traders in the USA seeking high leverage opportunities without the complexities of KYC procedures. Recognized by Forbes in 2023 as one of the top ten cryptocurrency exchanges, BYDFi offers an impressive 200x leverage, catering to both retail and institutional investors. BYDFi has been featured in many other list of top crypto futures exchanges as the most reputable and praised platform.

This platform is not just about offering high leverage; it’s a comprehensive ecosystem designed to cater to a diverse range of trading needs. BYDFi provides a vast array of trading options, including over 400 cryptocurrencies, perpetual swap contracts, and USDT-M futures exchange to short sell crypto.

Its user-centric approach, combined with advanced security measures like two-factor authentication and cold storage, ensures a secure and efficient trading environment.

Whether you’re a seasoned trader or just starting, BYDFi’s intuitive interface and robust feature set make it an ideal choice for engaging in the dynamic world of crypto futures trading. More info can be seen in on this page with BYDFi features and fees.

Pros

Cons

Fees

Our own experience with BYDFi

Recently, I got the chance to check out the BYDFi crypto futures trading platform, and let me tell you, it was an eye-opener. I decided to give Ethereum (ETH) futures contracts a whirl, driven by sheer curiosity.

What really caught my attention was the sheer number of options available. We’re talking over 400 cryptocurrencies and a bunch of different financial tools, including those perpetual contracts and leveraged tokens everyone’s buzzing about.

With just a small amount to start, I went all in and tried out the platform’s wild 200x leverage option for trading crypto contracts.

As I made my trades, I couldn’t help but notice how smooth everything went. There was hardly any slippage, and I’ve got to say, the platform’s layout is a dream for anyone, whether you’re just starting out or have been in the game for a while.

I got pretty strategic with my moves, making full use of the lite contract calculator to figure out risks and playing around with strategies on the demo trading feature. I must have made a bunch of trades that day, always keeping an eye on the platform’s trading fees, which weren’t too bad, ranging from 0.02% to 0.3% depending on what you’re doing.

And how did it all turn out? Well, thanks to a mix of smart trading and the platform’s reasonable fees, I ended up having a really profitable day.

But what really stood out to me were the top-notch security measures in place—things like two-factor authentication and cold storage for funds. It was super reassuring to know my money was safe while I navigated my way through my trading adventure on BYDFi.

Features

2. BTCC – Crypto futures trading with 225x leverage and no KYC for US traders

 BTCC at a Glance

BTCC stands out as a top crypto futures trading platform in the US if you are looking for high leverage without having to go through all that KYC stuff. What’s super impressive about this crypto exchange without KYC is that it offers the highest leverage you can find, which is 225x. This means you can really boost your trading game.

This is a big deal for anyone interested in trading COIN-M perpetual crypto futures contracts because it gives you an advantage in the super competitive market. While using such high leverage can definitely up your profit game, it’s also pretty risky.

Although this crypto derivatives platform offer high leverage, it has put in place proper risk management tools such as stop loss orders and negative balance protection.

So, if you’re not that experienced, it might be a good idea to tone down the leverage a bit. Despite the risks of high leverage, BTCC has some solid risk management tools in place, like stop loss orders and negative balance protection, to help keep your trading on the safer side.

BTCC has been around since 2011, thanks to Bobby Lee, and it’s made a big name for itself in the crypto exchange world. Even with some tough rules in its original home, China, BTCC has managed to grow and reach traders in the US and other countries.

One thing that makes BTCC really user-friendly is its simple and easy-to-use interface. It’s great for trading Bitcoin and Ethereum, along with their forks. Plus, BTCC supports different types of orders – Market, Limit, Stop, and One Cancels Other Orders – which is great because it means you can try out various trading strategies without a hassle.

Pros

Cons

Fees

Features

Our own experience with BTCC

So, I decided to give BTCC a test. Over the span of two days, I dove into the world of Bitcoin futures trading, making the most out of the platform’s super high leverage of 225x. My game plan was pretty straightforward: use a combo of market and limit orders to play off the market’s ups and downs.

The fees were actually pretty fair, just 0.04% for both buying and selling, which didn’t eat too much into my budget for trading.

On day one, I went for a bunch of short trades, betting that Bitcoin’s value would drop a little. Things went pretty much how I thought they would, and I ended up making a small but sweet profit of $223.

Then, on day two, I switched gears and decided to go long, thinking the market would bounce back. And bounce back it did – the price shot up, and my bet paid off big time. In the end, I made more money than I thought I would, which really showed me how effective BTCC can be for someone with a plan.

3. MEXC – Cheapest crypto perpetual futures contracts with low maker fees

MEXC at a Glance

MEXC stands out as the cheapest crypto futures trading platform, particularly for those interested in perpetual crypto futures contracts. This platform is a go-to choice for traders prioritizing cost-effectiveness, thanks to its low maker fees.

Its competitive edge lies in its ability to offer these contracts at rates that are more affordable than many of its competitors, making it an attractive option for both novice and experienced traders who are looking to use the crypto day trading platform.

MEXC really shines as the most budget-friendly option out there for anyone diving into the world of crypto futures trading, especially if you’re all about perpetual crypto futures contracts. It’s basically the perfect spot for traders who are super focused on keeping costs down, all thanks to the really low fees they charge for making trades.

The thing that really sets MEXC apart is how it manages to offer these contracts at prices that won’t break the bank, especially when you compare it to a lot of other platforms out there. This makes it a really good pick for anyone, whether you’re just starting out or you’ve been in the crypto day trading game for a while.

MEXC Global kicked things off in April 2018 and it didn’t take long for it to make a name for itself as one of the top places to trade digital assets across the globe. It’s got a bit of everything, from the usual spot and crypto margin trading exchanges to the more unique stuff like leveraged ETFs, crypto contract platform, and even PoS staking.

The team behind MEXC is made up of some pretty seasoned pros from the worlds of blockchain, finance, and major global investment firms, which means they know their stuff when it comes to creating a trading platform that’s both solid and secure. They’ve even gone the extra mile to get enforcement licenses in a bunch of countries, making sure they can offer their services to a worldwide audience with support in several languages.

Pros

Cons

Fees

Features

Our own experience

So, I decided to give MEXC a real go. For three whole days, my focus was all about trading Ethereum (ETH) perpetual futures contracts.

Day one, I jumped into a long position because everything in the market was pointing up. The cool thing about MEXC was how easy it was to use their platform to make my move. Plus, their maker fee was super low, only 0.01%, which meant I didn’t have to spend a lot on trading costs.

The next day, I switched gears and went for a short position, taking advantage of a dip in the market. The low fees were a big help again, making the trade even more worth it.

By the last day, I decided to mix things up and try a strategy that used both long and short positions one after the other. The best part was, the total fees, because of MEXC’s competitive rates, were way less than what I would’ve had to shell out on other platforms.

In the end? It turned out to be a pretty successful three days of trading, all thanks to MEXC’s low fees and their platform being so easy to navigate.

4. BingX – Standard crypto futures contracts and copy trading

BingX at a glance

BingX, a cryptocurrency exchange based in Singapore, stands out as a top platform for trading standard crypto futures contracts. Launched in November 2021 after rebranding from Since its launch in 2018, BingX has really made a name for itself in the world of cryptocurrency. It’s pretty impressive, actually—now, they’ve got over 5 million users all around the globe and they support more than 350 different cryptocurrencies.

By January 2023, BingX was making waves with its 24-hour derivatives trading volume hitting a huge $11.5 billion. That’s enough to make it the second-biggest exchange out there, right after Binance. While BingX mainly focuses on derivatives trading, you can also do spot trading there, which is great for people who are into that.

One of the best things about BingX is their Crypto Social Trading Network. It’s this feature where users can do copy trading, which has been getting more and more popular in the crypto scene.

They also offer leveraged trading, where you can trade with up to 100x leverage on perpetual futures. But, it’s kind of a double-edged sword because while you can win big, you can also lose big because of the high risk.

And for those who are always on their phones, BingX has got you covered with mobile apps for both iPhone and Android. So, if you’re into trading while you’re out and about, BingX is definitely worth checking out. However, it’s important to note that BingX does not cater to US investors, however, it is a great crypto platform for UK traders.

Pros

Cons

Fees

Features

Our own experience with BingX

 So, I decided to give BingX a real run for its money. For a couple of days, I dove deep into trading Bitcoin futures, taking advantage of the platform’s super easy-to-use interface and all the advanced tools it offers.

My game plan was all about short-term trades, trying to make the most out of how crazy the market can get. The fees weren’t too bad either—takers had to pay 0.05% and makers 0.02% for each trade.

I started with a $5,000 investment, and after making some pretty well-thought-out trades, I ended up with a $1,200 profit. Honestly, the platform’s smooth operation and those low fees played a huge part in getting me there.

This whole thing was a real eye-opener. It showed me just how good BingX is at handling the kind of trading I wanted to do and proved it’s a great option whether you’re just starting out or you’ve been trading for a while.

5. Phemex – Best crypto futures trading app without KYC restrictions

Phemex at a glance

Phemex, renowned for its user-friendly interface and robust features, is the go-to mobile app for trading crypto futures contracts. Launched in 2019 by ex-Morgan Stanley executives, it offers a seamless blend of spot and derivatives markets.

With a strong emphasis on reliability and trust, Phemex stands out as the best mobile app for traders seeking to engage in crypto futures contracts. Its clean design and minimalistic approach significantly reduce barriers for users of varying expertise levels, making it an ideal platform for mobile trading.

In my opinion, Phemex’s standout feature is its no-KYC policy, which facilitates a swift and hassle-free trading experience. This policy, coupled with its robust security measures, positions Phemex as a highly accessible and secure no kyc crypto exchange for global traders.

The app’s interface is meticulously crafted to cater to both novice and seasoned traders, offering a seamless navigation experience that enhances trading efficiency.

Pros

Cons

Fees

Features

Our own experience with Phemex

So, I decided to give Phemex a test and see how it held up. For a couple of days, my whole thing was trading Bitcoin futures. I kicked things off with a bit of money, not too much, just enough to get a feel.

The best part was the fees – they were very low, around 0.01% for the people making offers and 0.06% for those taking them. My plan was to play both sides, short and long, trying to make the most out of the ups and downs in the market.

The first day was all about getting the hang of how Phemex works. I made a bunch of small trades just to see what would happen. And it was great – the fees barely touched my profits, so I ended up making more than I expected, rouhly $340. By the time I wrapped up for the day, my initial pot of money had grown by 5%.

Feeling good about how the first day went, I decided to push a bit harder on the second day. I upped my trading game because I was really getting the vibe of Phemex.

Everything was happening in real-time, super smooth, and keeping track of what I was doing was a breeze thanks to the user-friendly setup. By the end of that day, my profits had jumped to an impressive 15%. It was clear proof that Phemex’s trading scene was on point.

6. Bybit – Trade inverse crypto futures contracts

Bybit at a glance

Bybit stands out when you’re talking about the best place to trade crypto futures, especially the inverse contracts. It’s got this mix of features that are just perfect for anyone who’s into trading inverse crypto futures.

Since it popped up in 2018 and set up shop in Singapore, Bybit has made a name for itself. It’s not just some platform; it’s where both regular traders and the big-time investors go when they want to trade.

The thing that makes it super user-friendly is its design. It’s easy to get around in, which is perfect when you’re trying to trade. Plus, they’re all about keeping your account safe and making sure you’ve got help whenever you need it. That means a lot when you’re dealing with something as tricky as inverse crypto futures.

Safety’s a big deal with Bybit. They’re using all the latest tech to keep everything locked down tight. We’re talking next-gen encryption protocols, two-step verification, and they even store your digital cash in what’s called cold wallets, so it’s really secure. Knowing your money and info are safe makes a huge difference.

And their customer service is top-notch. Any time of the day or night, they’ve got people ready to help you out. That makes the whole trading thing a lot smoother and less stressful. So, yeah, Bybit’s the go-to spot if you’re into trading inverse crypto futures and want a place that’s easy to use, safe, and has people ready to help you out whenever.

Bybit is the only non US or Canadian crypto platform due to its hard regulation, however, traders from the rest of the world can join freely.

Pros

Cons

Fees

Features

Our own experience with Bybit

Recently, I got to try out Bybit’s trading platform and decided to dive into trading Ethereum (ETH) futures for a couple of days. My plan was pretty straightforward: make quick trades to take advantage of how much the market prices were changing.

What really stood out to me was how easy the platform was to use and how quickly I could make decisions because of the up-to-the-second data it provided. Plus, the trading fees were super low, only 0.025% for Maker Orders and 0.075% for Taker Orders, which meant I didn’t have to spend a lot on fees even though I was trading a lot.

On my first day, I managed to make $500 in profit after trading around $20,000 worth of futures. The next day was even better—I earned $750 from trading about the same amount.

When I looked at the total fees, they were only $35, which really showed how Bybit helps keep costs down. This low-cost setup was a big part of why my strategy of making short-term trades worked out profitably.

What is cryptocurrency futures trading?

Cryptocurrency futures trading is fascinating and keeps things lively in the digital currency scene. It’s a way for traders to guess what the price of cryptocurrencies like Bitcoin, Ethereum, and others will be in the future, without actually having to own any of the coins.

Basically, it involves a deal between two people to either buy or sell a certain amount of cryptocurrency at a price they agree upon now, but the actual trade happens later on.

One of the biggest advantages about trading crypto futures is the chance to use leverage. Leverage lets you handle a big deal with just a little bit of money. This can really bump up your profits, but it also means you could face bigger losses, so it’s super important for traders to really know their strategies and be careful.

Crypto futures trading is a lot like futures trading in the regular financial markets. Traders can choose to take a long position, hoping the price of the cryptocurrency will go up, or a short position, betting it will go down.

This kind of flexibility is great because it means traders can make money whether the market is going up or down, which you don’t always get with regular cryptocurrency trading.

What is the best cryptocurrency for futures trading?

When we dive into the world of futures trading in crypto, Bitcoin and Ethereum are like the big players on campus. They’re pretty much the go-to because they’re well-known and kind of steady in the crazy crypto market. This makes them a solid choice for anyone who doesn’t want their investments to go on a rollercoaster ride every other day.

But, if you’re the type who’s all for the thrill of catching big waves in the market, looking into cryptos that aren’t as big could be your game plan.

Talking about Bitcoin (BTC), it’s the star athlete of crypto – everyone knows it, and its game is strong with lots of action in the market. Trading Bitcoin futures is like being at the center of it all, where there’s a ton of action and different ways to play, whether you’re in it for the quick wins or playing the long game.

Then there’s Ethereum (ETH), which is good because of its smart contracts. It’s like the tech whiz that keeps coming up with new things, especially with the whole Ethereum 2.0 upgrade. This makes Ethereum not just a stable bet but also one with the promise of growing over time.

But, if you’re the adventurous type, looking for a bit more excitement and maybe bigger wins, diving into cryptos with smaller market caps could be super interesting.

Coins like Doge Coin, ALGO, and Pepe Coin have been getting a lot of buzz, thanks to their communities and how much they pop up in the news. This means their prices can jump around a lot, which could be pretty exciting if you’re into that.

How to trade crypto futures in USA and rest of the world

Trading crypto futures might sound complex, but it’s really just about guessing where cryptocurrency prices are headed. Let’s break it down, focusing on platforms like BYDFi, MEXC, and Phemex.

First off, crypto futures are bets on the future prices of cryptocurrencies. Instead of buying the actual coins, you’re trading based on whether you think their prices will go up or down.

Choosing the Right Platform:

So, if you pick the right platform and play it smart, trading crypto futures can be a cool way to get into the crypto game. Just remember, being well-informed and careful with your risk is the way to win.

What are the benefits and drawbacks?

As someone who’s been trading for a while, I’ve seen it all with crypto futures trading. I usually try to balance out taking big risks with being smart about it. I’ve learned that using leverage can be a game-changer in making or losing money, especially since the crypto market can be all over the place.

Here’s what I think:

Pros:

Cons:

How to pick crypto futures exchange and trading platform

As a seasoned trader, choosing the right crypto futures exchange and trading platform is a key step in my trading strategy. Here’s how I streamline my selection:

In summary, the right platform balances functionality, security, and cost-effectiveness. It’s about finding a platform that not only fits my current trading style but also adapts to future changes in the market.

Strategies for beginner traders

Diving into crypto futures trading might seem like a giant leap for those just starting out. But don’t worry, I’ve got your back with three solid strategies that can help you make a mark in the short term without getting too tangled in the complexities.

Each of these strategies comes with its own playbook: Scalping crypto requires a platform with proper tools and your undivided attention, Day Trading leans heavily on your knack for technical analysis, and Momentum Trading demands a good read on market vibes.

It’s key to give each one a try and see which aligns best with your trading style. Remember, there’s no one-size-fits-all in the world of crypto trading, so take your time to explore and learn.

How to stay safe

When you’re just getting into crypto futures trading, it’s super important to play it safe and keep risks low. You’ve got to know your game when it comes to cryptocurrencies and how futures trading works if you want to make smart choices.

It’s a good idea to stick with trading platforms that are safe and have a good reputation, especially those that use two-factor authentication and keep their digital currency in cold storage to protect it.

If you’re new to this, you might want to start by putting your money in different places instead of all in one spot. This way, if something goes wrong, you won’t lose everything.

Using strategies to manage your risk is also a big deal. For example, setting up stop-loss orders can be a lifesaver by preventing big losses when the market gets too crazy. And keeping up with the latest news on market trends is crucial. It helps you make decisions on time and can really make a difference in your trading.

Our review process

Our reviews of crypto futures trading platforms are user-focused and expert-driven. We personally test each platform, evaluating key aspects like usability, fees, security, and customer support.

Our team, consisting of Ben and Amanda, compares these platforms against their rivals, highlighting unique features and potential downsides. We also examine how each platform has evolved, addressing user needs and improvements over time.

Our recommendations are evidence-based and supported by our direct experiences. We provide links to additional resources and various sellers, ensuring a well-rounded, informative guide to help you make the best choice for your trading needs.

FAQ

Is crypto futures trading legal in the USA?

Crypto futures trading is legal in the USA, but it’s regulated by agencies like the CFTC, and platforms must comply with financial laws.

Does Kraken offer futures?

Yes, Kraken offers futures trading, providing a platform for trading in various cryptocurrency futures.

Is futures trading the most profitable?

Futures trading can be highly profitable due to leverage, but it also carries significant risks and requires expertise.

What is the largest futures and options exchange in the US?

BYDFi is the largest futures and options exchange in the US, known for its diverse derivatives offerings.

What is the minimum fee for Binance futures?

Binance futures trading fees start as low as 0.02% for makers and 0.04% for takers, varying based on the trading volume and BNB balance.

Does Coinbase have futures trading?

Yes, Coinbase offers crypto futures trading through Coinbase Financial Markets after achieving approval by the NFA.

What is the best futures trading strategy for crypto?

The best strategy varies per individual, but many traders find success with trend following, hedging, or using technical analysis in volatile markets.

How much money do you need to trade crypto futures?

The minimum amount varies by platform, but some exchanges allow starting with as little as $100, though more capital may be advisable for flexibility.

Conclusion

So, wrapping this up, BYDFi is pretty much the top platform when it comes to crypto exchange for futures trading. It’s got 200x leverage, doesn’t require KYC, lets US traders get in on the action, and to top it off, it’s got the lowest fees around.

Ben and Amanda from our team really did their homework, digging into more than 30 different features, and even checked out what people are saying on Trustpilot, G2, and SiteJabber to make sure we got the full picture.

But even though BYDFi is leading the pack with its great deals and efficiency, there are other platforms out there like MEXC, BTCC, BingX, Phemex, and Bybit that have their own unique features.

MEXC’s got super low fees for making orders, BTCC’s all about that high leverage life, BingX has got some solid tools for keeping risks in check, Phemex is super easy to use on your phone, and Bybit is the go-to for inverse crypto futures contracts.

Each of these platforms has its own set of pros and cons, so it really boils down to what you’re looking for in your trading journey. Just remember, diving into the crypto world is risky business, so making smart, well-informed choices is key, especially in a market that’s always changing.

Who wrote this article

This insightful guide on crypto futures trading platforms is crafted by our expert duo, Ben and Amanda. Ben, with his deep analytical skills in financial markets, and Amanda, bringing a practical, trader-focused perspective, combine their strengths to offer a well-rounded review.

They meticulously analyze over 30 data points and incorporate real user feedback from sources like Trustpilot, G2, and SiteJabber. Their collaborative effort ensures a balanced, data-driven, and user-experienced-based evaluation, making this article a valuable resource for anyone interested in crypto futures trading.

 

 

 

 

 

 

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