In recent years, Crypto future trading has been very popular. More and more exchanges have sprung up like mushrooms. It is very important to choose an appropriate exchange. Today, this guide will share some knowledge about crypto future trading with you. It will explain what the crypto trading platform has, and of course, the best crypto exchange CoinW will also be introduced here.
Overview of Crypto Futures Trading
Futures traders will not directly operate the underlying assets, but profit from the price trend. The futures market does not need to have real assets, and it often provides better liquidity than the spot market. You can use leveraged trading to increase potential profits, but when the price is contrary to your forecast, your loss will be doubled.
Futures contracts are a large part of derivative financial instruments, including contracts for differences (CFD), swaps and options. These contracts are between two investors, who must speculate on the asset price at a specific date in the future. For example, you predict that the price of Bitcoin will rise at the end of the month due to the merger event, so you buy Bitcoin futures contracts settled monthly to establish a long position. However, some people believe that the merger will be delayed again, so they expect the price of Bitcoin to fall.
The best futures trading platform
1. CoinW
Founded in 2017, CoinW has users in more than 120 countries and regions, and is the first platform in the world to propose zero service charge for spot transactions. CoinW is the most secure Blockchain Marketing blockchain assets trading platform in China, providing BTC (Bitcoin) market information, trading service and market information of other 100 cryptocurrencies, like ETH (Ethereum), LTC (Litecoin), EOS, HC (HCASH), BCH (Bitcoin Cash), QTUM and XRP (Ripple). It has many preferential policies in crypto futures trading, and has relied on them for many years, without any security problems.
2. BitMEX
BitMEX, founded in the Republic of Seychelles, is the most advanced Bitcoin derivatives exchange, providing up to 100 times the leverage for Bitcoin products, as well as high leverage for other digital currency products. BitMEX adopts the latest multifactor security mechanism from the inside out, with high security performance. BitMEX also provides various contract types. All contracts are purchased and paid in Bitcoin. BitMEX service charge: the futures transaction rate (contract transaction) is 0.01% – 0.075%.
3.Bitfinex
Bitfinex spot transaction rate (currency transaction) is 0.1% – 0.2%; Leveraged lending and borrowing can be customized; Free service charge for transactions in French currency; The futures trading rate (contract trading) is 0.0625% – 0.065% Bitfinex is one of the largest and most advanced Bitcoin international stations in the world. It supports transactions of virtual currencies such as Ethereum, Bitcoin, Litecoin, and Ethereum Classic, with a daily turnover of more than 3 billion yuan. Provides currency transactions, dollar to dollar transactions. Registration is easy. In 2016, about 120000 Bitcoins were stolen from Bitfinex through social media. Affected by this event, the price of Bitcoin fell by 20% at that time.
Final thoughts
Through the above introduction, I believe you have some understanding of the virtual currency trading platform. CoinW reminds investors that before choosing crypto for investment, they must choose a formal and reliable virtual currency trading platform for trading. Investors can judge whether the trading platform is formal or not by the assets of the trading platform, the number of currencies, the number of trading pairs, etc.
