Looking for the top crypto futures trading platforms and exchanges that support crypto futures that also allow traders from the U.S.? We’ve compared the best in this 2025 guide.
As global and U.S. regulations continue to limit crypto futures access on major exchanges like Coinbase and Kraken, traders are increasingly turning to offshore platforms that offer excellent crypto futures trading, better execution, and a broader selection of trading pairs.
In this guide, we compare the best crypto futures trading platforms and exchanges that accept traders from all countries, including U.S. traders. Let’s break down the platforms that actually deliver in 2025 and help you choose the one that fits your trading style.
Key Takeaways
- BTCC is the top crypto futures platform for U.S. traders in 2025, offering high crypto futures leverage, strong liquidity, and access without restrictive KYC.
- BTCC leads in pure crypto futures leverage (up to 500x) with a fast sign-up process and strong execution speed across core markets. Trusted by traders since 2012, BTCC offers unmatched reliability and top-tier crypto futures trading tools
- A platform’s margin settings, liquidation policies, and funding behavior matter as much as the assets it lists.
- Always test unfamiliar platforms in demo mode or with low capital to verify order execution, latency, and interface reliability.
List of the best crypto futures platforms
Best Overall
Our rating: 5.0/5
#1 BTCC
Our rating: 4.7/5
#2 BYDFi
Our rating: 4.7/5
#3 Phemex
Our rating: 4.6/5
#4 MEXC
Our rating: 4.6/5
#5 Binance
Our rating: 4.5/5
#6 Bybit
Investment and affiliate disclosure: This article contains affiliate links, meaning we may earn a commission at no additional cost to you if you click our links. Trading crypto futures trading products carry significant risks, including potential losses exceeding your initial investment. The information provided is for educational purposes only and not financial advice. Please trade responsibly and seek professional guidance if needed. Read our full affiliate disclosure here.
Comparison of the top crypto futures exchanges
Below is a comparison table of the 6 platforms that made it to the top list after reviewing over 40 exchanges. The best crypto futures trading platforms for 2025 are:
| Platform | Max Leverage | KYC | Fees | U.S. Availability | Best For | Altcoin Pairs | Futures Contracts | Demo |
|---|---|---|---|---|---|---|---|---|
| BTCC | 500x | No | 0.025% / 0.045% | 100% U.S. Approved (no KYC needed) | Max leverage & fast sign-up | 450+ | All Types | Yes ($100K) |
| BYDFi | 200x | No | 0.02% / 0.06% | Full U.S. access (FinCEN) | Fast registration & U.S. access | 600+ | USDT-M & COIN-M | Yes ($100K) |
| Phemex | 100x | No | 0.01% / 0.05% | Some IPs blocked | Low fees, fast trades | 530+ | Crypto futures | Yes |
| MEXC | 400x | No (≤ 10 BTC) | 0.00% / 0.01% | U.S. access (no KYC) | Altcoin futures | 2700+ | USDT-M futures | Yes ($50K) |
| Binance | 125x | Yes | 0.02% / 0.05% (BNB discount) | Unavailable in U.S. | Liquidity & tools | 460+ | USDT-M & COIN-M (incl. delivery) | No |
| Bybit | 100x | Yes | 0.02% / 0.055% | Not U.S. compliant | Deep liquidity | 1650+ | USDT, USDC & Inverse Futures | Yes |
2. BTCC – Best crypto futures exchange and trading platform overall
BTCC is listed as the best crypto futures exchange in the USA thanks to its long track record as a stable exchange, zero-hack track record, and seamless access for U.S. traders. While most major platforms restrict U.S. users altogether, BTCC stands out by offering hundreds of crypto futures trading pairs, a full suite of crypto futures, and zero-KYC trading, all accessible from the United States and Canada.
This isn’t just a newcomer making bold claims. BTCC is one of the oldest crypto exchanges in the world, founded in 2011, with a perfect security record and no hacks in over a decade of operations. That kind of longevity and reliability is rare in a market filled with technical issues, frozen withdrawals, and compliance clampdowns.
For U.S.-based traders who want deep liquidity, fast execution, and Bitcoin futures market access without jumping through corporate compliance hoops, BTCC offers one of the strongest packages available in 2025. In the following review, I’ll break down what makes BTCC so appealing for crypto futures traders, from its lightning-fast engine to its low fees and copy trading features.
Crypto futures trading on BTCC
BTCC is widely regarded as one of the best crypto futures exchanges in the USA, offering a powerful combination of deep liquidity, Bitcoin futures, and intuitive tools that cater to both new and seasoned crypto futures traders. The platform specializes in futures for crypto across a wide range of trading pairs, including BTC, ETH, XRP, and other high-demand altcoins.
When I tested the Bitcoin futures interface myself, I found the chart loading times almost instant, and setting up advanced orders like trailing stops and post-only entries felt effortless. For pro traders used to clunky, laggy dashboards, this is a noticeable upgrade.
Traders can go long or short using up to 500x crypto futures leverage, giving them exceptional flexibility when managing risk or maximizing exposure. No matter if you’re testing crypto leverage strategies in a free demo account or actively trading with live capital, BTCC makes it seamless to execute trades with professional-grade precision.
Key highlights of BTCC’s crypto futures trading experience:
- Over 360 crypto futures pairs across top crypto assets
- Up to 500x crypto futures leverage on BTC, ETH, DOGE, SOL, and XRP
- Smooth order execution with deep liquidity
- Risk-free demo trading account with 100,000 USDT
- USDT-M and COIN-M collateral options
- Transparent fee structure with low maker/taker rates
- Available to traders in the USA and Canada
Key platform features
- Spot trading available for 240+ crypto pairs with fiat support
- Copy trading with customizable stop-loss control
- Strong security: 2FA, cold wallet storage, and no lending of user funds
- Multilingual interface supporting 13 languages
- Regulatory licenses in the USA, Canada, and Europe
- Instant crypto conversion for 200+ assets
- User-friendly mobile and desktop trading platforms
- Welcome bonuses, referral rewards, and seasonal campaigns
- Free demo account with virtual funds for practice trades
Pros
- Zero hacks since 2011 — 14 years of spotless security makes BTCC one of the most trusted exchanges in crypto.
- Beginner-friendly copy trading — Automate trades by following proven strategies, no experience needed.
- No KYC for basic usage — Trade and withdraw up to 10,000 USDT without identity verification.
- Integrated fiat on-ramps — Fund accounts with Visa, Mastercard, and bank transfer without third-party services.
- Transparent withdrawal policies — Real-time fee display and dynamic limits based on KYC level.
- Exclusive SVIP program — High-volume traders unlock deep fee discounts, priority support, and gifts.
- Responsive customer support — 24/7 multilingual assistance via chat, email, and social channels.
- Licensed in multiple regions — Registered with FinCEN, FINTRAC, and Lithuanian authorities.
- Detailed user onboarding — Platform walkthroughs, pop-up tips, and a polished UI for a fast learning curve.
Cons
- No staking or yield tools — Traders looking for passive income features will be disappointed.
- Limited advanced trading automation — No trading bots, APIs, or conditional order logic beyond the basics.
- No access to DeFi features — Lacks integrations with lending, farming, or third-party dApps.
2. BYDFi – Best crypto futures trading platform for day trading
If you’re looking for a great crypto futures trading platform, and one that actually works for U.S. traders, BYDFi should be on your list. With up to 200x leverage for futures, ultra-low fees starting at 0.02%, and no KYC required for basic trading, BYDFi strikes a rare balance between deep functionality and broad accessibility, offering over 600+ altcoins to trade with.
BYDFi is fully regulated in the U.S. under FinCEN and available in over 150 countries, including the USA. That alone makes it a standout. But BYDFi goes further with a fast, TradingView-powered crypto futures terminal, dual support for COIN-M and USDT-M futures, and 24/7 live chat for real-time support.
No matter if you’re scalping BTC futures or running altcoin setups with adjustable margin, BYDFi delivers execution speed, flexibility, and control, without the corporate KYC gatekeeping or platform lag seen elsewhere. Below, we break down what makes BYDFi the top crypto futures trading platform in 2025, and why it’s become the go-to choice for crypto futures traders in the U.S. and beyond.
Crypto futures trading on BYDFi
BYDFi stands out as one of the most reputable platforms in the USA, thanks to its high-speed execution, no-KYC onboarding, and clean, TradingView-powered interface. With up to 200x crypto futures leverage and fees starting as low as 0.02%, the platform delivers an ideal setup for active traders looking to capitalize on volatility.
After personally testing BYDFi’s trading interface, it felt snappy and responsive, opening a 50x long on ETH with a tight stop was smooth and intuitive. Switching between markets and adjusting margin took only seconds using our crypto futures calculator, making it perfect for fast-paced scalping setups.
The platform is an ideal crypto exchange for day traders, scalpers, and anyone who values speed, control, and several hundred trading pairs, with over 600+ coins available.
Crypto futures Trading Features:
- Up to 200x leverage on crypto futures
- Offers both USDT-M and COIN-M futures
- No KYC required for basic trading
- 0.02% maker / 0.06% taker fees
- Isolated & cross margin modes
- TradingView charting with order book depth
- Over 400 crypto trading pairs
- Free $100,000 crypto futures demo trading account
- Regulated in both the U.S. and Canada
- Mobile app supports full crypto futures trading functionality
- Transparent funding rates and fee structure
BYDFi is a strong choice for crypto futures trading — fast, flexible, and fully open to U.S. traders.
Key platform features
- TradingView-Integrated Charts: Professional-grade charting interface with market depth, order flow visibility, and advanced indicators.
- Direct Asset Conversion: Skip the order book and instantly convert assets to manage risk and rebalance fast.
- Free $100K Demo Account: Practice Bitcoin futures strategies in a simulated environment before risking real capital.
- Fast Account Setup: 2-minute registration with no KYC needed unless you exceed withdrawal limits.
- Fiat On-Ramps: Buy crypto with USD, EUR, GBP, and more via Banxa, Transak, Coinify, or Mercuryo.
- Full Mobile Access: BYDFi’s iOS and Android apps allow you to manage crypto futures positions on the go with full charting tools and order types.
- Secure Cold Storage: 95% + of funds stored in multi-signature cold wallets. Segregated client accounts reduce counterparty risk.
- Built-In Risk Controls: Stop-loss and take-profit orders available. Optional 2FA and withdrawal PIN for added protection.
- 24/7 Live Chat Support: Rapid-response customer service, including Telegram and Discord community access.
Pros
- Dual regulation (FinCEN & FINTRAC) adds legal credibility for U.S. and Canadian users.
- Offers both USDT-M futures and COIN-M futures, supporting stablecoin and crypto settlement.
- Segregated user funds and multi-sig cold storage minimize custody risk.
- TradingView depth tools and order book visibility enhance trade precision.
- Direct asset conversion reduces slippage across pairs.
- Fiat support via Banxa, Transak, Coinify, Mercuryo — covers most currencies.
- Fast sign-up without KYC for crypto futures trading
- Free $100k demo account with real-fee simulation helps strategy testing.
- 24/7 live chat with fast response times and active Discord/Telegram channels.
- Available in over 150 countries, including the U.S.
Cons
- No staking or lending options for passive income seekers.
- No phone support; complex cases may wait in email queues.
- No built-in bot trading — must use external APIs for automation.
3. Phemex – Crypto futures trading platform with the lowest fees
If you’re looking for a crypto futures trading platform with low fees, Phemex is one of the most cost-effective choices in the market. With trading fees starting at just 0.01% for makers and 0.05% for takers, Phemex consistently undercuts most competitors, making it an ideal platform for active crypto futures traders who care about maximizing their profits.
Founded by ex-Morgan Stanley executives, Phemex has built its reputation around speed, reliability, and affordability. Its high-performance trading engine processes up to 300,000 transactions per second, ensuring minimal slippage and lightning-fast execution even in volatile markets. Traders can access up to 100x crypto futures leverage on a wide range of crypto futures, with over 130 crypto trading pairs available.
A couple of weeks ago I shorted SOL at $158 using crypto futures on Phemex. I used our leverage calculator to choose the right ratio, and the entry filled immediately, no lag, no slippage. I held the position overnight and closed it the next morning at around $150. The whole trade cost me less than $10 in fees, which is wild considering the size. Before entering, I double-checked the overnight funding costs using our funding fee calculator, just to make sure I wasn’t bleeding margin while I slept.
The platform also rewards traders with lifetime trading rebates and sign-up bonuses worth up to $4,800. If minimizing fees is a top priority in your trading strategy, Phemex is the crypto futures platform to beat.
Crypto futures trading on Phemex
Phemex is a high-performance crypto futures platform built for speed, flexibility, and precision. With over 130 futures pairs, ultra-low latency, and 250+ crypto futures trading pairs, Phemex delivers a trading experience tailored for serious traders who want full control.
During testing, the interface felt fast and responsive, even during high-volatility events. Advanced order types like conditional triggers, post-only, and stop-market orders are easy to set up, and the platform’s deep liquidity helps ensure minimal slippage.
Crypto futures traders can also automate their strategies using built-in grid and martingale bots or tap into Phemex’s copy trading system to mirror top-performing traders. For beginners, demo trading is available with full access to charting tools and crypto futures—no risk involved.
Key highlights of Phemex crypto futures trading:
- 130+ trading pairs with deep liquidity
- Up to 100x crypto futures leverage on major crypto pairs
- 0.01% maker / 0.06% taker fees (tiered discounts available)
- Advanced order types and lightning-fast execution engine
- Risk-free demo trading and built-in bot automation
- Copy trading features for hands-off strategy replication
Note: While Phemex is accessible to U.S. users, some IP addresses may encounter restriction pop-ups due to regional regulations. It’s advisable to consult Phemex’s Terms of Use for detailed information on regional access restrictions.
Key platform features
- Fast Execution: Engines handling 300K+ TPS for minimal slippage.
- Pro Tools: Market, limit, conditional orders + TradingView charts.
- High Crypto Futures Leverage: Up to 100x, adjustable per trade.
- Automation: Trading bots and copy trading built-in.
- Mobile Access: Full-feature apps for on-the-go trading.
- Demo Mode: Risk-free practice environments.
- Deep Markets: Wide range of liquid trading pairs.
- Risk Controls: Stop-loss, take-profit, liquidation alerts.
- Earn Options: Staking, savings, and launchpools.
- Web3 Access: Token perks, governance, staking.
- Clear Fees: Transparent maker/taker rates, funding costs.
- Strong Security: Cold storage, 2FA, whitelists, proof of reserves.
Pros
- Profit from Any Direction: Shorting lets traders benefit from both rising and falling markets.
- Capital Efficient: Margin enables larger positions with less upfront capital.
- Trade 24/7: Global markets never close—no timezone restrictions.
- Broad Exposure: Futures on altcoins, indexes, and meme coins support diverse strategies.
- Hedge Spot Positions: Protect long-term holdings against short-term volatility.
- No Custody Required: Speculate on price without holding the underlying asset.
- Advanced Strategies: Enables arbitrage, basis trades, and funding rate plays.
- Tax Perks (Varies): Derivatives may be taxed more favorably in some regions.
Cons
- Margin Confusion: Cross vs. isolated margin can behave unpredictably in volatility.
- Low Liquidity Risks: Illiquid pairs may cause slippage and erratic pricing.
- Overexposure: Crypto futures trading tempts traders to risk excessive capital.
- No Direct Fiat Withdrawals: Users must convert crypto before cashing out.
- Earn Product Limitations: Fewer options for passive income compared to competitors.
4. MEXC – Crypto platform with the most altcoin futures pairs
If you’re looking for a crypto futures platform with the most altcoin trading pairs, MEXC is the undisputed leader in 2025. With over 2700 cryptocurrencies and 3000+ trading pairs, MEXC dominates the altcoin space, giving traders access to niche tokens well before they hit mainstream exchanges. Whether you’re into meme coins, DeFi tokens, or micro-cap gems, MEXC likely has a crypto futures market for it.
This makes MEXC the go-to platform for traders looking to speculate on emerging tokens, meme coins, and niche altcoins long before they reach mainstream exchanges. Whether you’re into high-volatility scalping or holding positions on trending microcaps, MEXC gives you access to markets others don’t even list.
Beyond its unmatched altcoin support, MEXC boasts zero maker fees and just 0.01% taker fees on crypto futures—among the lowest in the market. You can also trade anonymously without KYC (up to 10 BTC/day withdrawals), and test strategies risk-free using MEXC’s built-in crypto futures demo trading environment for Bitcoin and other altcoins.
If you want early access to new markets, minimal fees, and thousands of pairs to choose from, MEXC is one of the most powerful altcoin futures trading platforms available in 2025.
Trade altcoin futures on MEXC and explore markets that no other exchange offers.
Crypto futures trading on MEXC
MEXC stands out in the crypto futures trading space thanks to its ultra-low fees, wide altcoin selection, and flexible KYC policies. Whether you’re an experienced derivatives trader or just getting started, MEXC offers a versatile and powerful environment for trading crypto futures.
With a matching engine that handles up to 1.4 million transactions per second, crypto futures trading on MEXC is fast, responsive, and built to handle high-volume execution. Traders gain access to an expansive selection of USDT-margined futures, including trending altcoins often unavailable on other crypto futures platforms.
I personally used MEXC to short $WIF just after it peaked during its parabolic run. I spotted weakening volume on the 1H chart, set up a short position, and targeted a breakdown of the $2.30 support zone. The trade filled quickly thanks to deep liquidity, and I exited 3 hours later with a clean 38% profit. For altcoin futures scalping or swing trading, this kind of flexibility is hard to match.
Another unique feature is MEXC Crypto Futures M-Day, where users who trade specific futures pairs in Bitcoin and other cryptocurrencies can win exclusive token airdrops based on their trading volume. This makes MEXC not just a place to trade, but also a platform that rewards active traders.
Key Highlights of MEXC Crypto Futures Trading:
- 0% Maker / 0.01% Taker fees on USDT-margined crypto futures
- 50% discount on fees by holding MX tokens
- Over 2700+ assets, including new altcoin futures rarely listed elsewhere
- No KYC required for trading and withdrawals up to 10 BTC/day
- Crypto Futures Copy Trading: Follow and auto-copy top-performing traders
- $50,000 Demo Account: Practice Bitcoin futures trading with zero risk
- MEXC Crypto Futures M-Day: Win token airdrops by trading futures in cryptocurrencies.
- High-speed matching engine: 1.4M TPS ensures smooth execution
- Frequent fee-free futures pairs like DOGS/USDT, NOT/USDT, APT/USDT
Key platform features
- Fast Signup – No KYC needed; start trading with just email or phone.
- Demo Account – $50,000 test funds to practice trading.
- Secure – 2FA, cold storage, address whitelisting, and audits.
- Flexible Payments – Crypto, SEPA, third-party providers.
- Tiered KYC – Optional; higher withdrawal limits up to 200 BTC/day.
- Cross-Platform – Fully functional on mobile and desktop.
- Bonuses & Events – Earn rewards via M-Day and trading promos.
- Launchpad Access – Early token launches and airdrops for MX holders.
- P2P Trading – Direct crypto trades with fiat support.
- 24/7 Support – Live help plus guides and in-app resources.
Pros
- Early altcoin futures often listed before major exchanges
- No IP blocks on signup, even from restricted regions
- Advanced order types like trigger and post-only
- Ongoing promos & airdrops beyond M-Day
- Strong mobile app with full crypto futures functionality
- Active community on Telegram, Discord, etc.
- Low withdrawal fees for BTC, USDT, and others
Cons
- Unregulated in key markets (US, UK, EU)
- Cluttered UI may overwhelm beginners
- Limited fiat options, relies on third parties
- Risky token listings with low liquidity
5. Binance – Biggest crypto futures exchange
Binance is the biggest crypto futures exchange in the world, with over $76 billion in daily crypto futures volume and 460+ trading pairs across USDⓈ-M and COIN-M futures. Its dominance comes from deep liquidity, lightning-fast execution, and a wide selection of non-expiry and delivery crypto futures for assets like BTC, ETH, and SOL.
Traders can access up to 125x leverage with low fees—0.02% maker / 0.05% taker, plus 10% discounts when paying with BNB, which is great when choosing leverage for a small account. Binance also supports advanced order types, including stop-market, trailing stop, and OCO orders, giving users precision in volatile markets.
Its platform is built for performance, offering real-time risk controls, integrated charting, and compatibility with TradingView and APIs. Security features like 2FA, cold storage, and liquidation protection provide added confidence.
Binance’s crypto futures dashboard includes tools like funding rate data and open interest charts, helping traders make informed decisions. Despite regulatory limitations in some regions, Binance remains the go-to platform for serious traders worldwide.
If you’re seeking the most liquid, feature-rich crypto futures exchange in, Binance is the clear leader in 2025.
Crypto futures trading on Binance
Binance offers one of the most advanced and liquid environments for crypto futures trading, making it a top choice for both retail and professional traders in 2025. With support for USDT-M and COIN-M futures and crypto futures, Binance allows users to speculate on the future price of crypto assets.
For example, during the ETH rally in March 2025, I opened a 10x long position on ETH/USDT when the price broke above $3,200 with rising open interest and funding rates still neutral. I set a tight stop just below support and targeted a $3,600 breakout. The trade hit my target within 48 hours, and I walked away with a 120% return on margin, risk-managed and all executed seamlessly on Binance Futures.
The platform supports a range of order types (market, limit, stop, OCO, trailing stop) and provides powerful trading tools like funding rate indicators, open interest data, and liquidation heatmaps, all from a user-friendly dashboard.
Key Highlights of Binance Crypto Futures Trading:
- 460+ crypto futures markets (USDT-M & COIN-M)
- Up to 125x crypto futures collateral
- 0.02% maker / 0.05% taker fees (lower with BNB)
- Advanced order types & APIs
- Funding rate and liquidation data tools
- Institutional-grade speed and liquidity
Key platform features
- Fast Sign-Up & KYC – Quick registration via email, phone, or social login with secure identity verification.
- Top-Level Security – 2FA, cold storage, address whitelisting, anti-phishing codes, and regular audits.
- Global Access – Supports 180+ countries, 500+ coins, and 1300+ trading pairs.
- Low Fees – Spot fees from 0.1%, crypto futures from 0.02%, with BNB discounts.
- Advanced Trading Tools – Spot, margin, crypto futures, P2P, pro charting, and all major order types.
- Cross-Platform – Accessible via mobile app, browser, and desktop.
- Passive Income – Staking, Simple Earn, Launchpool, BNB Vault for yield generation.
- NFT Support – In-app marketplace for minting, buying, and selling NFTs.
- Web3 Wallet – Access dApps, token swaps, and airdrops across chains.
- 24/7 Support – Live chat, multilingual help, and a comprehensive knowledge base.
- Free Education – Binance Academy offers tutorials for all skill levels.
- Referral Bonuses – Earn rewards and discounts by inviting new users.
- Trusted by Millions – High user ratings and top global trading volume despite regulatory hurdles.
Pros
- High Liquidity – Minimal slippage, even on large trades.
- Early Token Access – Frequent listings of trending coins.
- Customizable UI – Modular dashboards and charting.
- All-in-One Ecosystem – Easy transition between trading, staking, and DeFi.
- Flexible Payments – Supports bank transfers, cards, Apple Pay, and more.
- Continuous Innovation – Regular updates and new features.
Cons
- Regulatory Risk – Ongoing legal issues in multiple regions.
- Limited Binance.US – No crypto futures in the USA, fewer coins, not in all states.
- Support Delays – Slow responses for complex cases.
- Geo-Restrictions – Unavailable in countries like Canada and the United States.
6. Bybit – Crypto futures exchange with deep liquidity
Bybit is a crypto futures exchange with deep liquidity, making it a top choice for day traders seeking tight spreads and fast execution. With support for USDT, USDC, and inverse futures, Bybit offers a diverse range of crypto futures markets across 1,650+ assets, including BTC, ETH, and emerging altcoins. It’s Bitcoin futures market, robust order types (limit, market, TWAP, iceberg, scaled), and risk-managed margin modes (isolated and cross) empower traders to customize their strategies.
What sets Bybit apart is its high-throughput matching engine, capable of processing 100,000 transactions per second per trade, ensuring minimal slippage even during volatile market conditions. This, combined with competitive fees—just 0.02% maker and 0.055% taker—makes it one of the most efficient venues for crypto futures trading.
Bybit’s deep liquidity is backed by a global user base of over 60 million traders, and the exchange sees daily derivatives volume in the tens of billions. The platform also includes tools like copy trading, crypto futures grid bots, and a user-friendly interface that works for both professionals and newcomers.
If you’re looking for speed, flexibility, and scale in your trades, Bybit remains one of the strongest platforms in 2025.
Crypto futures trading on Bybit
Bybit has become a go-to destination for crypto futures traders thanks to its advanced tools, deep liquidity, and support for varied altcoin futures positions. The platform offers crypto futures settled in USDT, USDC, or even the base crypto (inverse futures), making it ideal for both hedging and directional trading.
When I’m trading BTC or ETH futures on Bybit, I use different Bitcoin futures trading pairs depending on the volatility. The execution is fast, even during news spikes, and I’ve never had issues with order fills. I mostly stick to USDT-M futures and set up scaled limit orders to build positions over time. The isolated margin feature gives me tighter control on risk per trade.
Key Highlights for crypto Futures Trading on Bybit:
- Futures ratios up to 100x on major crypto pairs (BTC, ETH, etc.)
- USDT, USDC & inverse futures are available for flexible exposure
- Advanced order types: limit, market, TWAP, iceberg, scaled
- Low fees: 0.02% maker / 0.055% taker
- Risk modes: Isolated vs cross margin for position control
- Bitcoin Futures trading bots: Automate strategies like grid or martingale
- Demo account: Practice Bitcoin futures trading with zero risk
- No liquidation fee on crypto futures positions
Key platform features
- 1,650+ Assets – Trade across spot, crypto futures, and options with broad market coverage.
- Pro Tools – Advanced order types, real-time charts, and margin modes.
- Copy Trading & Bots – Automate strategies or mirror top-performing traders.
- Earn Products – Stake, save, or invest with flexible and fixed-income options.
- Top-Tier Security – Cold storage, 2FA, PoR, and address whitelisting.
- Crypto Card – Spend crypto instantly and earn cashback.
- Mobile App – Full-featured trading and portfolio access on the go.
- Launchpool & Pre-Market Access – Join new token listings early and earn rewards.
Pros
- Deep liquidity across markets – Smooth execution for large crypto futures positions without major slippage.
- High-speed performance – Matching engine supports 100,000 TPS per trade, ensuring uptime during volatility.
- Educational hub – Offers beginner-friendly guides, demo trading, and tutorials for crypto futures and options.
- Frequent bonuses – New users benefit from sign-up rewards, rebates, and trading competitions.
- Global reach (Not US) – Available in 190+ countries with localized support, language options, and payment methods.
- Integrated ecosystem – Combines trading, earning, automation, and spending tools under one account.
- No deposit fees – Crypto deposits are free, and P2P fiat options add flexibility for onboarding.
- Transparent operations – Proof-of-Reserves and strong regulatory licensing (VARA, CySEC, AFSA) enhance trust.
Cons
- Unavailable in key markets – US, UK, and Canada residents cannot register due to regulations.
- Limited fiat withdrawals – Some regions lack direct fiat off-ramps or linked bank transfers.
- KYC mandatory for trading – Requires identity verification for most account functions.
- Withdrawal fees set by blockchain – Network fees for withdrawals (e.g., ETH, BTC) may vary and add cost.
What is crypto futures trading and how does it work?
Crypto futures trading allows you to speculate on the price movement of digital assets like Bitcoin or Ethereum without owning them. Unlike spot trading, where you buy and hold coins, crypto futures let you go long or short and use these pairs to amplify your exposure. This makes them a preferred tool for directional trades, volatility plays, and portfolio hedging.
Crypto futures are at the center of modern crypto markets. They’re what many high-volume traders use to manage risk, express conviction, and capitalize on short-term moves. With the right setup, crypto futures can give you more flexibility, faster execution, and clearer strategies than spot ever could—but only if you know how they work.
When I want to bet on short-term momentum, without buying the actual coin, I’ll open a leveraged position using crypto futures. It gives me more control, tighter risk management, and way more capital efficiency compared to spot.
Let’s break down how crypto futures work in practice, what traders need to manage, and the key systems behind profit, loss, margin calls, and liquidation.
How Crypto Futures Work: A Walkthrough
Crypto futures are derivatives products that track the price of a cryptocurrency like Bitcoin or Ethereum. Instead of buying the coin, you enter into a agreement that gains or loses value based on price movement.
Here’s how it works in practice:
- You open a position (long or short) by selecting a futures trading pair, like BTC/USDT futures.
- You choose crypto futures ratio, for example 10x, meaning your $1,000 deposit controls a $10,000 position.
- If the market moves in your favor, profits are multiplied; if it moves against you, losses are too.
- You close the position manually, or it’s liquidated automatically if your margin is wiped out.
Example:
Last month, I opened a long position on ETH/USDT at $2,800 using 5x on Bybit. ETH rallied to $3,200, giving me a 71% profit on my margin instead of a basic 14% gain on spot. But I had my stop-loss tight because any drop below $2,700 would’ve triggered liquidation.
Different types of crypto futures available
Not all crypto futures are created equal. Understanding the different futures types is essential for choosing the right strategy and managing funding, margin, and settlement risk. Here are the main types you’ll encounter on most platforms:
1. Non-expiry Crypto Futures
These are the most popular futures in crypto. They don’t have an expiration date and are designed to closely track the spot price of the underlying asset.
- How it works: You can hold the position indefinitely—as long as your margin requirements are met.
- Funding fee: Longs and shorts pay each other based on market imbalance. This incentivizes the price to stay close to spot.
- Ideal for: Active traders who want flexibility and the ability to scalp, swing, or hedge without worrying about expiry.
Example:
On Bybit, I’ll use ETH/USDT futures when I want exposure to a price move but don’t want to commit to a time frame. I monitor the funding rate hourly to avoid hidden costs.
2. Dated (Delivery) Crypto Futures Products
These products have a fixed expiration date—weekly, bi-weekly, quarterly, etc.—and settle either in cash or in the underlying crypto.
- How it works: Positions are automatically settled at expiry, regardless of whether you’ve closed them.
- No funding fee: Since they settle at a set time, you won’t pay funding rates.
- Ideal for: Traders looking to avoid funding costs or execute strategies around predictable expiration dates (e.g., calendar spreads or contango plays).
3. Inverse Crypto Futures
These are margined and settled in crypto instead of stablecoins. For example, in a BTC/USD inverse products, you post BTC as margin and earn/losses are also in BTC.
- How it works: The value of your margin fluctuates with the price of BTC.
- High risk, high reward: Gains are amplified if both the position and the asset appreciate—but so are leveraged losses.
- Ideal for: Advanced traders with strong BTC holdings looking for directional exposure.
Is crypto futures recommended for beginners?
Crypto futures are not recommended for complete beginners—but they can be appropriate for advanced beginners who already understand spot trading, calculate position sizing, and basic risk management.
The core issue is leverage, or better said, over-leveraging. Bitcoin futures trading amplifies both gains and losses, which makes it easy to get liquidated if you don’t have a structured strategy. Many new traders jump into 20x+ crypto futures leverage without understanding how quickly a 5% market move can wipe out their position.
That said, for traders who already have some experience and want to go deeper, these products can be a great tool to:
- Hedge your spot holdings during volatility
- Trade short-term trends without owning the asset
- Practice disciplined entries and stop-loss setups
When I first started, I blew through a few small-margin accounts using crypto futures and no stop-losses. Once I switched to 3–5x leverage and set clear risk limits, crypto futures became one of my best tools for catching short-term moves.
Start small, use a demo account, and never use maximum collateral until you understand how to calculate liquidation price. Crypto futures can accelerate your growth—or your losses—depending on how you manage them.
Crypto futures trading in the USA: How it works
Trading crypto futures in the U.S. starts with understanding two things: which platforms are legally accessible and which offshore alternatives U.S. traders are actually using.
U.S.-Compliant Platforms (Limited Crypto Futures Options)
Most compliant U.S. platforms like Kraken and Coinbase offer limited leverage on crypto futures (1x–5x) and only basic margin or leverage products due to CFTC restrictions. These platforms are fully regulated and safe, but their crypto futures features are often too restrictive for active traders.
- Kraken offers up to 5x crypto futures leverage on select assets but requires intermediate or pro verification.
- Coinbase Advanced does not offer crypto futures for retail users in the U.S.
Offshore Alternatives (High Risk, High Access)
Despite restrictions, many U.S. traders continue to use offshore platforms such as BYDFi and BTCC that offer higher ratios (50x–200x) and a broader selection of crypto futures.
Important Note: Platforms like Bybit, Bitget, and MEXC officially restrict U.S. users, but many traders bypass this using VPNs. This violates their terms and carries significant risk, including frozen accounts and loss of access to funds.
One California-based trader looking to short ETH with 20x ratios found that U.S. platforms like Kraken and Coinbase didn’t offer the flexibility he needed. Instead of using a VPN, he turned to BYDFi, which openly accepts U.S. users. He was able to place trades without restrictions, without KYC, using isolated margin to cap his downside.
Key Factors for U.S. Crypto Futures Traders to Consider
If you’re trading crypto futures from the U.S., there are a few essential realities to keep in mind before choosing a platform or building your strategy:
- KYC & Account Access – U.S. documents are often blocked on offshore platforms. Even with a VPN, failing KYC can lock you out of your funds.
- Crypto Futures Leverage Restrictions – Regulated U.S. platforms offer low ratios (usually up to 5x). Higher leverage is only available on offshore platforms—and comes with significantly more risk.
- Stablecoin-Based Contracts – Most crypto futures products are settled in USDT or USDC, which simplifies tracking gains for tax purposes.
- U.S. Tax Reporting – Every closed position is a taxable event. Use detailed logs or crypto tax software to avoid surprises at year-end.
- Liquidation Sensitivity – With 20x+ crypto futures ratios, small price movements can wipe out a position. Know your margin ratio and calculate stop-losses to stay in control.
Is crypto futures trading legal in the U.S.?
Yes, crypto futures trading is legal in the United States—but only on platforms that are registered with and regulated by the Commodity Futures Trading Commission (CFTC). These include exchanges like Kraken, CME Group, and a limited number of others that offer crypto derivatives under strict oversight.
However, U.S. regulations prohibit retail access to the crypto futures commonly found on offshore exchanges like Bybit, Bitget, and MEXC. These platforms are not licensed to operate in the U.S., and using them (even with a VPN) often violates their terms of service and may breach U.S. law.
Here’s the legal breakdown:
- Permitted: Crypto futures trading on CFTC-regulated platforms (e.g., CME for institutional products, Kraken for limited margin).
- Not permitted: Trading on offshore platforms that do not comply with U.S. licensing or CFTC regulations.
However, a some offshore platforms do operate legally with leverage in the U.S. under a Money Services Business (MSB) registration with FinCEN, which allows them to serve American users within legal limits:
- BYDFi – Registered MSB with FinCEN, offers up to 100x crypto futures, legally accessible to U.S. traders without VPNs.
- BTCC – Also FinCEN-registered and accessible to U.S. users with up to 500x ratios, providing futures in crypto with compliant onboarding.
These platforms are not CFTC-regulated but do not violate U.S. law by serving retail users, making them among the few legitimate options for Americans seeking more advanced crypto futures features.
For retail traders, this means limited leverage and fewer Bitcoin futures instruments are legally accessible. While some traders still use offshore exchanges via VPNs, this carries legal, financial, and security risks—including the potential loss of access to funds if your account is flagged or banned.
What are the advantages and drawbacks?
Crypto futures trading is a double-edged sword. Here’s a detailed look at the real-world advantages and drawbacks:
Advantages:
- Capital Efficiency – Control larger positions with less capital, using up to 100x margin caollateral.
- Long/Short Flexibility – Profit in both bull and bear markets via crypto futures.
- Fast Execution – 100,000 TPS matching engine handles volatility with minimal slippage.
- Advanced Risk Control – Use isolated/cross margin, TP/SL orders, and post-only modes.
- Low Fees – Maker/taker fees (0.02%/0.055%) are competitive, with further VIP discounts.
- No Expiry – Non-expiry crypto futures let you hold directional trades as long as needed.
- Order Type Variety – Execute via market, limit, TWAP, iceberg, or scaled strategies.
- Multi-Collateral Support – Trade with USDT, USDC, BTC, or ETH as margin collateral.
Drawbacks:
- Liquidation Risk – Even small moves can wipe positions at high ratios (e.g., 2% at 50x).
- Funding Costs – Negative rates can eat into profits if holding positions long-term.
- Emotional Stress – Crypto futures magnifies volatility and trader anxiety.
- Overtrading Risk – Easy access can lead to revenge trades and poor decisions.
- No Token Utility – You don’t earn staking rewards or access airdrops with futures in crypto.
- Fee Accumulation – Active trading racks up costs without a clear edge.
- Steeper Learning Curve – Complex orders and margin settings can overwhelm newer traders.
- No True Ownership – Futures can’t be withdrawn or stored off-platform.
- Geo Restrictions & KYC – Not available in the US, UK, or Canada; ID verification required.
How to choose the best platform or exchange: What to consider
Before trading crypto futures, vet the platform using this focused 7-step checklist:
1. Liquidity & Volume
Look for deep order books, tight spreads, and high daily volume on pairs like BTCUSDT. This reduces slippage on entries and exits.
2. Leverage & Margin Controls
Check for flexible leverage (up to 100x), isolated vs. cross margin, and transparent liquidation thresholds. Avoid platforms with aggressive auto-deleveraging.
3. Fees & Funding Rates
Compare taker/maker fees and funding rate history. Favor platforms with low base fees and stable funding—especially for swing trades.
4. Execution & Order Types
Test the interface. Ensure smooth order flow and access to TWAP, reduce-only, scaled, and other pro order types.
5. Security & Regulation
Only trade on platforms with cold storage, 2FA, PoR audits, and licenses from credible jurisdictions like VARA or CySEC.
6. Geo Access & KYC
Verify if the exchange is available in your country. Some restrict US, UK, or Canada users. Confirm KYC is required for trading or withdrawals.
7. Trader Tools & Automation
Look for features like copy trading, bot integration, and full-featured mobile apps if you’re managing trades on the move.
Pro Tip: Always test new platforms in demo or with small capital before scaling. Execution and funding behavior matter more than marketing claims.
How we tested and reviewed the platforms in this article
At Leverage.Trading, we evaluate crypto futures platforms using a trader-first lens—balancing deep liquidity, execution speed, risk tools, and overall reliability. Our methodology focuses on factors that impact real-world trading performance, not just surface-level features.
Here’s how we assess each exchange:
- Crypto Futures Market Depth & Liquidity
Can large orders execute without slippage? We analyze order book depth and daily derivatives volume. - Crypto Futures Options & Margin Control
We prioritize platforms offering flexible margin (up to 100x), along with isolated and cross margin modes for risk segmentation. - Fee Structure & Funding Rates
We compare maker/taker fees, funding rate stability, and hidden costs that affect PnL—especially for active or long-term traders. - Order Execution & Infrastructure
Matching engine speed, order type variety (e.g., TWAP, scaled), and uptime during volatility are key benchmarks. - Security & Transparency
We examine cold wallet storage, KYC protocols, PoR audits, and regulatory licensing across jurisdictions. - Tooling & Trader Experience
Platforms are evaluated for pro-level tools (e.g., bots, copy trading), UI/UX quality, mobile app performance, and available APIs. - Geo Access & Restrictions
We check if the platform is legally accessible in the US, UK, Canada, Australia, and Europe—our primary audience regions.
Bottom Line: We don’t just review exchanges, we test them like real traders. Every recommendation on Leverage.Trading is based on performance, not hype.
FAQ
BYDFi, BTCC, and Phemex rank among the best for crypto futures trading, offering pro tools, deep liquidity, and user-friendly interfaces.
BYDFi, BTCC, and Phemex are accessible to U.S. traders and offer crypto futures trading without strict regional KYC barriers.
Only on CFTC-registered platforms like Kraken or Coinbase Advanced. Offshore platforms like BTCC and BYDFi are commonly used but not regulated in the U.S.
Yes, BYDFi is widely used and offers strong security measures, including cold wallet storage and risk monitoring.
BTCC and BYDFi both offer low maker/taker fees, frequent rebates, and promotional fee discounts.
Margin trading uses borrowed funds on spot markets, while bitcoin futures trading involves contracts that allow both long and short positions with built-in margin.
Funding fees are periodic payments between long and short traders to keep the crypto futures price aligned with the spot market.
Wrapping up
In 2025, the best crypto futures trading platforms aren’t just about who offers the most markets, they’re about who gives you the tools, liquidity, and access to trade with precision and confidence. Platforms like BYDFi, BTCC, and Phemex have emerged as top choices for U.S. traders by offering deep markets, no-KYC onboarding, and low-fee execution.
If you’re a U.S.-based trader looking to bypass the limitations of Coinbase or Kraken, these offshore platforms provide a rare balance of power and flexibility. From desktop crypto futures access to full mobile access and real-time funding visibility, you’re no longer forced to trade blind or limited by red tape.
Final tip: Don’t just follow hype or headlines, test execution, fees, and funding behavior yourself. Start with a demo or small-size position, and scale up only once you’ve verified the platform matches your strategy.
Crypto futures trading is a game of edges. Choosing the right platform is the first one.
Further reading
