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List: Best Bitcoin BTC Futures Trading Platforms For USA

This crypto trading guide will discuss where to trade Bitcoin futures and what  Bitcoin futures are.

Bitcoin futures are very popular among cryptocurrency traders because they allow large leverage trading. Leverage trading comes with huge potential but also a lot of risks.

Many of the top Bitcoin trading sites offer futures trading, but we will only list the very best in this article.

No Financial Advice, Information only. Do your own research

What are Bitcoin futures?

Bitcoin futures are a category of crypto trading instruments.

Bitcoin futures allow investors to speculate on the future price of Bitcoin. Investors can get exposure to Bitcoin, or any cryptocurrency, without having to own the underlying asset. Important is that Bitcoin futures are a derivative of the underlying asset, in this case Bitcoin. A crypto derivative is not trading at the same price as the spot market.

A Bitcoin futures contract is an agreement to buy, or sell, Bitcoin BTC at a specific price at a specific date in the future. You can speculate in both bull markets and bear markets with the Bitcoin and crypto futures trading instruments.

  • By going long on Bitcoin futures, you commit to buying Bitcoin at a specific price, at a certain date, in the future.
  • By going short on Bitcoin futures, you commit to selling Bitcoin at a specific price at a certain date.

Best Crypto and Bitcoin Futures Trading Sites for USA

We have listed all the best crypto and Bitcoin futures trading platforms. In addition, you can see which crypto trading platforms are available in the US and what sign-up bonuses they offer.

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Crypto Futures VS Crypto Perpetuals

Crypto futures and crypto perpetual contracts have one important thing in common and one essential property that separates them

  • Both crypto futures and perpetual are crypto derivatives speculating the underlying asset in the future
  • Futures expires and settles on a certain date in the future while perpetuals are like open futures with no ending date

 

Crypto Futures VS Crypto Spot Trading

Futures contracts and spot trading are two utterly different trading products.

The most significant difference between the two is that you own the underlying asset when you do spot trading. So, for example, if you buy Bitcoin for your USD, you own those Bitcoin.

However, the futures contract is a derivative financial agreement that obligates the parties to transact an asset at a predetermined future date and price.

Read more about the lowest crypto spot trading fees.

Crypto Futures Trading Fees

It’s essential to compare the crypto futures trading fees when trading these instruments since it will significantly impact your long-term net result. The crypto futures and Bitcoin futures trading fees vary considerably between trading sites but also within a trading site, depending on

  • Your average trading volume for the last 30 days
  • Your holding in the native token (True for Binance and Kucoin)
  • Your referral code (True for Kucoin, Binance, OKX, and MEXC Global)
Read more crypto futures trading fees in our article about the lowest crypto futures and derivative trading fees.

Crypto Futures Trading Terms

  • Cash Settlement – This is a settlement method used in futures. Upon expiration date, the seller of the financial instrument does not deliver the actual (physical) underlying asset but instead transfers the associated cash position.
  • Collateral (Initial margin) – The collateral is the cash deposited in the account or securities provided and represents the funds available to the account holder for further trading. Example: If you buy Bitcoin futures with $1.000 and 3x leverage, your position is worth $3.000, but your collateral is $1.000. If Bitcoin decreases 10% in price and your position is worth $2.700, your collateral is $700. 
  • Margin call – A margin call occurs when the value of an investor’s margin account falls below the required amount. The required amount is different for different trading sites, but you will be asked to deposit more funds.
  • Force liquidation – Force liquidation happens when your margin is below a certain level. This level is lower than the level for a margin call.
  • Settlement currency – The cash settlement will be transferred in the settlement currency.

Kucoin Crypto Futures Trading for USA

Kucoin is a great crypto trading platform for Bitcoin and altcoin futures. Kucoin offers among the lowest trading fees on the market and a plentiful futures supply and trading volume. Also, you can easily lower your trading fees by holding the Kucoin token KCS, paying the trading fees with the Kucoin token, and using our referral link.

In addition, Kucoin allows traders from the USA to trade crypto futures on their platform.

Kucoin is also a good crypto exchange to find your next crypto gem on or for trading spot markets.

Kucoin Referral Code: -20% on all commissions with our link

Kraken Crypto Futures Trading for USA

Kraken is the only regulated crypto exchange in the US that offers crypto futures trading. The number of futures and the trading volume are both limited. However, Kraken is a great exchange with many fiat deposit options and is globally available.

Kraken also offers great staking opportunities and Polkadot parachain slot auctions.

Read more about Kraken in our Kraken review.

Binance Crypto Futures

Binance offers two different types of futures, Quarterly and Perpetual.

With Quarterly futures, the used margin is BTC, the contracts are settled in BTC, and the trading fees are paid in BTC. This means that you have to commit Bitcoin to your initial margin, the same as your collateral.

For Binance perpetual contracts, the used margin can be both Bitcoin and USDt. The Binance trading interface separates these two options as USDt futures and Coin futures.

You can see all the different Binance derivative trading instruments at Coingecko derivatives.

  • Binance derivative trading volume: $9.000.000.000
  • Binance maker fee: 0.02%
  • Binance taker fee: 0.04%
Binance trading fees are dependent on the trading volume and your loyalty level. In addition, you can get lower costs if you pay them in their native token, Binance Coin (BNB).

Binance Referral Code: -20% on all commissions with our link

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