| Platform | Leverage | Fees | Supported Cryptos | Security | User-Friendliness | Trading Volume | Liquidity | Deposit Methods | Withdrawal Methods | Withdrawal & KYC Limits | KYC Requirements |
| MEXC | Up to 200x | 0.04% maker, 0.06% taker | Over 1,700 | High | High | High | High | Crypto, fiat, credit card | Crypto, fiat | Varies by level | Optional |
| Bybit | Up to 100x | 0.025% maker, 0.075% taker | 12 | High | High | High | High | Crypto | Crypto | 10 BTC per day | No |
| OKX | Up to 100x | 0.02% maker, 0.05% taker | Over 400 | High | High | High | High | Crypto, fiat, credit card | Crypto, fiat | Varies by level | Yes |
| Binance | Up to 125x | 0.02% maker, 0.04% taker | Over 200 | High | High | High | High | Crypto, fiat, credit card | Crypto, fiat | Varies by level | Optional |
| Gate.io | Up to 100x | 0.075% maker, 0.075% taker | Over 300 | High | Medium | Medium | Medium | Crypto | Crypto | 100 BTC per day | No |
| Bitget | Up to 100x | 0.04% maker, 0.06% taker | 14 | High | Medium | Medium | Medium | Crypto, fiat, credit card | Crypto, fiat | Varies by level | Yes |
| GMX | Up to 30x | 0.025% maker, 0.075% taker | 6 | High | Low | Low | Low | Crypto | Crypto | No limit | No |
| Coinbase | Up to 3x | 0.5% spread, 1.49% conversion | 60 | High | High | High | High | Crypto, fiat, bank transfer, credit card | Crypto, fiat, bank transfer | Varies by level | Yes |
| BingX | Up to 125x | 0.03% maker, 0.05% taker | Over 700 | High | High | Medium | Medium | Crypto, fiat, credit card | Crypto, fiat | No limit | No |
| Phemex | Up to 100x | 0.025% maker, 0.075% taker | Over 50 | High | High | High | High | Crypto | Crypto | No limit | No |
| Stormgain | Up to 200x | 0.075% maker, 0.075% taker | 23 | High | High | Low | Low | Crypto, credit card | Crypto | No limit | No |
| BitMEX | Up to 100x | 0.025% maker, 0.075% taker | 8 | High | High | High | High | Crypto | Crypto | No limit | No |
| Deribit | Up to 100x | 0.02% maker, 0.05% taker | 4 | High | High | High | High | Crypto | Crypto | No limit | Yes |
| PrimeXBT | Up to 100x | 0.05% flat fee | 12 | High | High | Medium | Medium | Crypto, credit card | Crypto | No limit | No |
Comparison of Popular Crypto Futures Trading Platforms
As you can see, different platforms have different advantages and disadvantages depending on your needs and preferences. Some factors to consider are:
– Leverage is the ratio of the amount of money you can borrow from the platform to the amount of money you have in your account. For example, if you have $1,000 in your account and the platform offers 100x leverage, you can trade with up to $100,000. Leverage allows you to amplify your profits or losses from price movements. Different platforms offer different leverage limits, ranging from 2x to 200x.
– Fees are the charges that the platform imposes on your trades, deposits, and withdrawals. Fees can vary depending on the type of trade (maker or taker), the amount of trade, the payment method, and the platform. Fees can affect your profitability and should be considered carefully. Some platforms have lower fees than others.
– Supported Cryptos are the cryptocurrencies that you can trade on the platform. Some platforms have a wider range of supported cryptos than others, including emerging and innovative projects from DeFi, NFT, AI, and more. For example, one platform supports over 1,700 crypto assets, while another supports over 300.
– Security is the measure of how safe and reliable the platform is in terms of protecting your funds and data from hackers, fraudsters, and other threats. Security can depend on factors such as encryption, authentication, cold storage, audits, insurance, and regulation. Some platforms have a better reputation and track record for security than others.
– User-friendliness is the degree of how easy and convenient the platform is to use for beginners and experienced traders alike. User-friendliness can depend on factors such as the design, functionality, accessibility, and support of the platform. Some platforms have a more user-friendly interface and features than others.
– Trading Volume is the amount of money that is traded on the platform in a given period of time. Trading volume indicates the popularity, liquidity, and activity of the platform. Higher trading volume means more traders, more orders, and more opportunities. Some platforms have higher trading volume than others.
– Liquidity is the ease and speed of buying and selling crypto assets on the platform without affecting the market price. Liquidity depends on the supply and demand of the market, as well as the trading volume and depth of the platform. Higher liquidity means lower spreads, lower slippage, and faster execution. Some platforms have higher liquidity than others.
– Deposit Methods are the ways that you can fund your account on the platform. Deposit methods can include bank transfers, credit cards, debit cards, crypto transfers, and other payment services. Different platforms accept different deposit methods, with varying fees, limits, and processing times. Some platforms have more deposit methods than others.
– Withdrawal Methods are the ways that you can withdraw your funds from the platform. Withdrawal methods can include bank transfers, credit cards, debit cards, crypto transfers, and other payment services. Different platforms offer different withdrawal methods, with varying fees, limits, and processing times. Some platforms have more withdrawal methods than others.
– Withdrawal & KYC Limits are the maximum amounts of money that you can withdraw from the platform per day, week, month, or year, depending on your verification level. KYC (Know Your Customer) is the process of verifying your identity and personal information on the platform, usually by providing documents such as ID, passport, bank statement, etc. Different platforms have different withdrawal and KYC limits, depending on their policies and regulations. Some platforms have higher withdrawals as per the KYC limits than others.
– KYC Requirements are the conditions and criteria that you need to meet to verify your account on the platform. KYC requirements can vary depending on the platform, the country, and the type of account. Some platforms have stricter KYC requirements than others. You need to provide these documents and information to an exchange to verify your identity and address. Some common KYC requirements are passport, driver’s license, utility bill, and selfie. Different exchanges may have different KYC requirements and levels of verification.
