7 Best Crypto Contract Trading Platforms (Low Fees, High Leverage)

Want to jump straight to the answer?

The best crypto contract trading platform for most of traders is BingX or Bybit.

You now know that sophisticated financial products like Futures and Options aren't the exclusive domain of regular financial markets.

This comprehensive guide on the best crypto contract trading platforms will demystify the places where you can do crypto contract trading.

Whether you're a seasoned trader or a curious newcomer armed with this knowledge, you can pick the right exchange through this guide.

Best Platforms for Crypto Contract Trading

BingX [NO KYC] - Best Crypto Contract Trading Platform Overall
Bybit - Most Popular Crypto Contract Trading Platform
StormGain - Best for Bitcoin Quarterly Contracts
Phemex - Best for Crypto Perpetual Contracts
Binance - Highest Liquidity
Kraken - Best Crypto Contract Trading Platform for USA
Bit.com - Best for btcusdt quarterly futures contracts

Crypto Contract Trading Platforms

#1. BingX [NO-KYC] - Best Crypto Contract Trading Platform Overall

BingX

BingX is one of the best platforms for crypto contract trading, offering leverage up to 150X with a lucrative deposit bonus up to 5000 USDT with no-KYC !!

This exchange trading platform offers a range of products like Perpetual Futures and Standard Futures.

Providing a secure environment for futures traders who are new to trading and experienced traders, BingX aims to provide a seamless and efficient trading experience.

Products

Perpetual Futures
Standard Futures

Features

User-Friendly Interface: The platform is designed for easy use, with intuitive navigation and clear instructions.
Advanced Trading Tools: BingX offers a suite of advanced trading tools, including technical indicators and charting options.

Pros

Variety of Products: From Perpetual to Inverse Futures, BingX offers a range of trading options.
Ease of Use: The platform is user-friendly, making it accessible for traders of all experience levels.
Security: BingX employs robust security measures to protect the cryptocurrency exchange, user assets, and data.

Cons

Limited Asset Range: Compared to other platforms in the crypto market, BingX offers fewer assets for Futures trading.
Regulatory Uncertainty: The platform's regulatory status may not be as clear-cut as some of its competitors, which could be a concern for some traders.

Fees and other charges

Trading Fees: BingX charges a tiered fee structure based on trading volume, which can be as low as 0.02% for high-volume traders.
Withdrawal Fees: The platform charges a nominal withdrawal fee, which varies depending on the asset.
Overnight Funding: For Perpetual Futures, an overnight funding fee may apply if you hold your position past a certain time.

✅Join BingX Now

#2. Bybit - Most Popular Crypto Contract Trading Platform

Bybit

Bybit is another renowned in the crypto contract trading platform with a deposit bonus of $30,000 and leverage of 100x.

It offers a variety of assets in the futures market and a variety of crypto trading pairs.

Bybit allows leveraged trading, similar to other trading apps, and is the best platform to offer crypto copy trading, where you can select your favourite trader and copy their trades.

Designed to cater to both amateur and professional traders, Bybit has quickly gained a reputation for its high Futures trading volume, robust trading engine and user-friendly interface.

Products

USDT, USDC Perpetual Futures: Just like BingX, Bybit offers Perpetual Futures that are settled in either USDT or USDC
USDC Regular: These contracts have expiry dates and are settled in USDC.
Inverse Perpetual Contracts: Want to settle in the underlying asset? Bybit's got you covered with its Inverse Futures contracts.
USDC Options: You can buy a Call or Put option depending on how you see the asset performing before the expiry date. Settled in USDC.

Features

High Liquidity: One of Bybit's standout features is its high liquidity, ensuring smooth trading even during volatile price movements.
Advanced Trading Tools: From charting tools to various technical indicators, Bybit is the best at offering a comprehensive suite for the advanced trader.
Demo Trading: The Bybit platform supports Demo trading as part of its trading services catalog to help new entrants learn how to trade on derivatives exchanges, and specifically trade Futures contracts.

Pros

User Experience: The platform is known for its intuitive design and user-friendly interface, making it easy for traders of all levels to navigate.
Strong Security Measures: Bybit takes security seriously, employing industry-leading measures to protect user assets and data.

Cons

Complex Fee Structure: While Bybit offers competitive fees, its tiered fee structure can be complex to understand for newcomers.
Limited Educational Resources: Unlike some competitors, Bybit could offer more in the way of educational content for those new to futures trading.

Fees and other charges

Trading Fees: Bybit also employs a tiered fee structure, which can go as low as 0.02% for high-volume traders.
Withdrawal Fees: A nominal fee is charged for withdrawals, though this varies depending on the asset.
Funding Rates: If you're trading Perpetual Futures, be aware that Bybit charges a funding rate, which can fluctuate based on market conditions.

✅Join Bybit Now

#3. StormGain - Best for Bitcoin Quarterly Contracts

StormGain

StormGain is a established player in the crypto contract trading with highest leverage of 500x like no other exchange, with a deposit bonus of $100 for its users.

This centralized exchange specializes in cryptocurrency trading with a focus on futures and leveraged contracts.

What sets it apart?

StormGain aims to make contract trading accessible and straightforward, even for those new to the complexities of Futures and leverage.

Products

Perpetual Futures - If you are looking to trade contracts that have no expiry date and you are well versed with Funding fees, this might be for you.
Options - If you are more of a pro and understand how Options work.

Features

Built-in Wallet: One of the unique features of StormGain is its built-in wallet, allowing for seamless transfers and trading.
Risk Management Tools: StormGain offers risk management tools, including stop-loss and take-profit options, to better your overall trading.

Pros

High Leverage: If you're looking for high leverage, StormGain offers up to 200x, which is among the highest in the industry.
User-Friendly Interface: The platform is designed with user experience in mind, making it easy to navigate and execute trades.
Comprehensive Educational Resources: StormGain provides a wealth of educational content, making it a great choice for those new to Futures trading and cryptocurrency trading in general.

Cons

Higher Fees: The platform's fees can be higher, especially if you're using high leverage.
Limited Asset Range: StormGain offers a more limited range of assets than other platforms, which might be a drawback for some traders.

Fees and other charges

Trading Fees: StormGain charges a flat fee for trades, which can vary depending on the asset and the leverage used.
Overnight/Funding Fees: If you hold a position overnight while trading crypto Futures contracts, be prepared for an overnight fee, which can add up if you use high leverage.
Deposit and Withdrawal Fees: While deposits are generally free, withdrawal fees apply and can vary based on the asset.

✅Join StormGain Now

#4. Phemex - Best for Crypto Perpetual Contracts

Phemex

Phemex is one of the top platforms for crypto futures trading that has become a notable name in crypto contract trading.

Founded by former Morgan Stanley executives, Phemex brings Wall Street-level professionalism to the crypto space.

The platform aims to serve both retail and institutional investors, offering features like a zero-fee spot trading option and high leverage on contract trading.

With a focus on speed, reliability, and user experience, Phemex is a compelling choice for traders looking to engage in spot and derivatives trading with a modern, efficient platform.

Well, let's peel back the layers and see what Phemex offers.

Products

USDT-M, USD-M Perpetual - Futures contracts that do not have an expiry date and are settled in USDT or USD.
COIN-M Perpetual - Futures contracts that do not have an expiry date and are settled in the asset itself. For example, if you wanted to accumulate more Bitcoin Cash ($BCH), you would pick the BCHUSDT pair. All the fees and final settlements will then be done in $BCH.

Features

Zero-Fee Trading: One of Phemex's standout features is its zero-fee trading option for premium members.
Advanced Trading Tools: Phemex has a range of advanced trading tools, including various charting options and technical indicators.

Pros

Speed and Reliability: Phemex is known for its robust trading engine, ensuring smooth transactions even during high volatility.
Diverse Trading Options: With both spot and Futures trading, Phemex provides a well-rounded trading experience.

Cons

Limited Educational Content: Phemex could improve its educational resources to better cater to beginners.
Complex Fee Structure: The fee structure can be a bit complicated, especially for those new to cryptocurrency Futures trading.

Fees and other charges

Trading Fees: Phemex employs a tiered fee structure, with the option for zero fees for premium members.
Withdrawal Fees: A nominal fee is charged for withdrawals, varying based on the asset.
Premium Membership: To access zero-fee trading, a premium membership fee applies, which can be paid monthly or annually.

✅Join Phemex Now

#5. Binance - Highest Liquidity

Binance

You've ventured through BingX, Bybit, StormGain, and Phemex, but what about the giant in the room—Binance?

As one of the largest and widely regarded as the best exchanges for crypto in the world, Binance offers a wide array of Futures trading options.

Curious to know what sets Binance Futures apart?

Let's dive in.

Products

USDT-M, BUSD-M Perpetual Futures: Futures contracts that have no expiry date and can be settled in USDT or BUSD, depending on the trading pair selected.
USDT-M, BUSD-M Quarterly Futures: Futures contracts that expire at the end of each quarter, and any fees or final settlements are made in USDT or BUSD, depending on the trading pair.
Options: Options contracts with varying expiries.

Features

Advanced Trading Tools: From various technical indicators to advanced charting tools, Binance offers a comprehensive trading suite.
Wide Range of Assets: Binance offers one of the most extensive ranges of assets for Futures trading in the industry. Depending on the trading strategies you want to employ, you can take your pick out of the wide range and not be stuck to Bitcoin and Ethereum.

Pros

High Liquidity: Being a large platform, Binance has no dearth of market participants that provide liquidity to the exchange, ensuring smooth trading even in volatile conditions.
Robust Security Measures: Binance employs top-notch security protocols to protect user assets and data.

Cons

Complex Interface: With so many features, the trading interface can overwhelm beginners.
Regulatory Scrutiny: Binance has faced regulatory scrutiny in various jurisdictions, which may concern some traders. It is important to note that crypto is a new entrant into the financial world, and regulations are changing fairly quickly.

Fees and other charges

Trading Fees: Binance employs a tiered fee structure, which can be as low as 0.02% for high-volume traders.
Withdrawal Fees: A nominal fee is charged for withdrawals, varying based on the asset.
Funding Rates: If you're trading Perpetual Contracts, be aware that Binance charges a funding rate that can fluctuate.

✅Join Binance Now

#6. Kraken - Best Crypto Contract Trading Platform for USA

Kraken is a well-established centralized cryptocurrency exchange that has been in operation since 2011.

Based in the United States, it's one of the oldest and most reputable platforms in the crypto space.

Kraken isn't just about spot trading.

It also offers a robust suite of advanced trading options, including Futures contracts and margin trading.

Wondering what else makes Kraken stand out?

Let's get into it.

Products

USD-Perpetual Futures - Like its competitors, Kraken offers Perpetual Contracts, allowing traders to hold positions without an expiry date.

Features

Advanced Order Types: From stop-loss orders to take-profit settings, Kraken offers a variety of advanced order types for your varied trading decisions.

Pros

Reputation: Kraken has a long-standing reputation for reliability and security, making it a trusted choice for many traders.
Diverse Asset Range: Kraken offers a wide range of assets for futures trading, providing more options for diversification.
User-Friendly Interface: The platform is designed to be intuitive, making it accessible for traders of all experience levels.

Cons

Higher Fees for Lower Volumes: If you're not a high-volume trader, the fees can be higher.
Limited Leverage: Compared to some other platforms, Kraken offers relatively lower leverage options.

Fees and other charges

Trading Fees: Kraken employs a tiered fee structure, which can go as low as 0.01% for high-volume traders but can be higher for low-volume traders.
Withdrawal Fees: A nominal fee is charged for withdrawals, which varies depending on the asset.
Margin Fees: If you're using margin trading, additional fees may apply, depending on the leverage and the asset.

✅Join Kraken Now

#7. Bit.com - Best for btcusdt quarterly futures contracts

Bit.com

Bit.com is a specialized cryptocurrency derivatives trading platform that has been gaining traction compared to other exchanges for its focus on offering various contract trading options, including Futures platforms.

Launched by Matrixport, a financial services company, the Bit.com platform aims to provide a professional, secure, and efficient trading environment.

With a commitment to security and a user interface designed for traders of all levels trading cryptocurrency, Bit.com is quickly becoming a noteworthy competitor in the crypto contract trading space.

Let's unpack what Bit.com has to offer.

Products

USD-M, USDT-M Perpetual Contracts: Like its peers, Bit.com also offers Perpetual Contracts that can be settled in USD or USDT, giving you the flexibility to hold positions indefinitely.
Options Trading: Bit.com also supports Options trading in a secure trading environment, adding another layer of complexity and opportunity for traders.

Features

Advanced Analytics: The platform provides a robust set of analytics tools to help you make informed decisions.

Pros

Innovative Features: Bit.com is known for regularly rolling out new features, keeping the trading experience fresh and up-to-date.
User-Centric Design: The platform focuses on user experience, making it easy to navigate and execute trades.
Competitive Fees: Bit.com offers some of the most competitive fees in the industry, making it attractive for all types of traders.

Cons

Newer Platform: Being a newer platform, it doesn't have the long-standing reputation that some other platforms enjoy.
Limited Educational Resources: While Bit.com is user-friendly, it could offer more educational content for those new to futures trading.

Fees and other charges

Trading Fees: Bit.com employs a straightforward fee structure, which is competitive and easy to understand.
Withdrawal Fees: A nominal fee is charged for withdrawals, varying based on the asset.
Funding Rates: If you're trading Perpetual Contracts, be aware that Bit.com also charges a funding rate, which can fluctuate based on market conditions.

Frequently Asked Questions (FAQs):

What kind of crypto contracts can you trade?

Perpetual Futures: These are crypto Futures contracts without an expiry date, allowing traders to hold positions indefinitely.

Inverse Futures: These contracts are settled in the underlying asset instead of cash, ideal for those who want to accumulate more of the asset.

Standard Futures: These contracts have an expiration date before which they must be settled. This makes them different from spot trading and Perpetual contracts, which do not have such a limitation.

Options: Options contracts in the cryptocurrency market are financial derivatives that give traders the right, but not the obligation, to buy or sell an underlying asset (in this case, a cryptocurrency like Bitcoin or Ethereum) at a predetermined price within a specified time frame.

Can you trade contracts on crypto?

Absolutely, you can trade contracts in the cryptocurrency market.

These contracts are often referred to as "Futures contracts" or "perpetual contracts," and they allow you to speculate on the future price of a cryptocurrency without actually owning the asset.

Many crypto exchanges like Binance, Kraken, Bit.com, and others offer various types of contracts, including both perpetual and Bitcoin Futures contracts with set expiry dates.

These contracts can be leveraged, meaning you can control a large position with a relatively small amount of capital.

However, it's crucial to understand that trading contracts involves significant risk, and it's possible to lose more than your initial investment.

Always make sure to do your research and understand the terms before diving in.

How do I invest in crypto contracts?

Great question! Investing in crypto contracts involves a few key steps, and it's crucial to approach it with a good understanding of the market.

Here's how you can get started:

Choose a Platform
Sign Up and KYC
Deposit Funds
Understand the Contracts: Before you start trading, make sure you understand the types of contracts available. Are they perpetual contracts without an expiry date in the future, or do they have a set contract expiry?
Leverage and Margin: Decide on the leverage you want to use, but be cautious with high numbers like 100x leverage. Higher leverage can mean higher profits, but it also comes with increased risk.
Place Your Order: You'll need to specify whether you're going long (betting the price will go up) or going short (betting the price will go down).
Risk Management: Use tools like stop-loss and take-profit orders to manage your risk.
Monitor and Close: Keep an eye on your positions. You can choose to close them manually, or they may be closed automatically if the contract expires or they reach your stop-loss or take-profit levels.

Best Crypto contract trading platform in the USA?

The "best" crypto contract trading platform can vary depending on your different trading needs, such as the types of contracts you want to trade, the user interface you prefer, and the fees you're willing to pay.

However, some platforms are generally considered reliable and have gained popularity in the USA.

Kraken is known for its security features and wide range of supported cryptocurrencies; Kraken offers both perpetual and futures contracts. It's fully compliant with U.S. regulations.

It's crucial to do your research and perhaps start with a platform that offers a demo trading feature to get a feel for the platform.

Always consider factors like security, fees, and the range of crypto assets offered when making your choice.

Remember that regulatory considerations can affect the availability of certain features in the U.S.

Conclusion

So, the top five best crypto contract trading platform are BingX, Bybit, StormGain, Phemex & Binance as navigating the world of crypto contract trading platforms can be a daunting task, especially with the plethora of options available.

From industry giants like Binance and Kraken to rising stars like Bit.com, each platform offers its own unique set of features, pros, and cons.

Whether you're a seasoned trader looking for advanced analytics or a beginner seeking an intuitive interface, there's likely a platform tailored to your needs.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.