CODE200 (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2020, 08:27:30 PM |
|
I've been inactive for a while, I want to continue trading but now I don't want to stick with conventional trading, the regular one. I want to be more risky this time that is why I am aiming for futures trading.
I've watch some youtube tutorials about it, I already understand how it works but I can't choose which platform I would choose.
on my list is Binance, Bitmex and Okex. Any thoughts?
|
|
|
|
logfiles
Copper Member
Legendary
Offline
Activity: 2100
Merit: 1764
Top Crypto Casino
|
Not trying to shill Bybit but it seems to be a good platform too. I have experienced both Bitmex and Bybit (never for Binance because of KYC and a bit of complexity about their futures platform) My Pros on bitmex- Liquidity is very high Cons on bitmex- Withdraw is once a day - No mobile app so no trading on the go - Sometimes it freezes/lags and it's hard to open/close positions when the market goes crazy, the most recent was witnessed in March, during that crazy bitcoin dip if you remember ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) (you can Google and see that a number of folks were not happy about it) - Withdraw is done once day. - Support only BTC (XBT) deposits and withdraws My Pros on Bybit- Withdraws can be done 3 times a day - Have a mobile app so you can trade on the go or using a mobile phone - I haven't so far experienced any lags/freezes especially on the mobile device - Support Deposits and withdraws in ETH, EOS, BTC, XRP and USDT - They have an internal exchange for quick exchange of assets - So many promotions that can earn you some bonus BTC, ETH or USDT Cons on Bybit- Liquidity is still low for most futures though it's promisingly growing - There was a huge gap between the exchange's mark price and index price during that infamous Bitcoin dip in March this year. I don't know if it was solved because it led to liquidation of some traders' positions
|
|
|
|
TheUltraElite
Legendary
Offline
Activity: 2996
Merit: 1312
So anyway, I applied as a merit source :)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 05:19:59 AM |
|
While it is good that you are attempting newer modes of making money from the market, still futures is a more risky method and what I consider to be more of a gamble than spot trading. Thing is the brokers/exchanges in this case, dont care about your money but rather how much you are using them because they get paid on that. So if the idea of doing futures came from a promotional email or so, please think twice before putting money in it. In future you will be predicting prices to be attained. Now you may be able to predict nicely with help of TA or so but it is correct around 50% of the times. So it ends up being a dice roll. Dont think that because some good news came you can predict the market on futures, you could do that in spot but not that efficiently in futures which would be enough to make a profit in time. Anyway good luck on your investment, the sites posted above are pretty good.
Cons on bitmex - Withdraw is once a day ..snip.. - Withdraw is done once day.
Are you trying to make a point by posting that twice? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
Shimmiry
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 840
Merit: 105
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 05:39:40 AM |
|
~ on my list is Binance, Bitmex and Okex. Any thoughts?
Binance is good as it has many features and even lets you play games in their platform. Though some features requires KYC, I don't think it would be an issue as you've said that you wanted to take higher risks, also, Binance have a lot of users/traders that are active hence it's volume was fair enough. This isn't to promote Binance but I think it's the best if you would pursue daily crypto trading and focus in it. But if you really love to have a long term (that you can still be using in the future) trading, better reconsider trying Stock Trading or Forex Trading. Most traders there trades for years and wealth is mostly growing (unless you aren't that good enough)
|
|
|
|
cryptoaddictchie
Legendary
Offline
Activity: 2198
Merit: 1323
Fully Regulated Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 05:44:41 AM |
|
If you want many choices of coins/tokens, go for Binance their mobile app is friendly user and can be used on setting up a future trades too. Talking about risk, they have a lot of leverages options from 10x, 20x to even 125x on some selected coins. (I think BTC/USDT) Depends on your apetite.
Just be careful cause future trading is like a gambling you wouldnt know when it will hit you. Dont forget to set your stop loss to avoid heavy damage on your asset.
Stay away from Bitmex: cons explained up top, my friends dont used this anymore due to huge issues they are facing dont wanna caught on fire with their problems.
|
|
|
|
crwth
Copper Member
Legendary
Offline
Activity: 2884
Merit: 1279
Try Gunbot for a month go to -> https://gunbot.ph
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 05:59:26 AM |
|
It's an excellent motivation to have that kind of "risking" mentality but make sure that you are going to work it out, win or lose on that trading. Futures is going to be challenging at first, especially if you are just learning it right now. It's best to know some key terms before dwelling with futures trading. - Know what the units of measurement of the contracts (is it in USD, BTC, etc.)
- Minimum quantity of contracts
- Leverage
- Risk Management
- Automatic trading
These apply to different exchanges as well. It's best to try a virtual trading account / fake account with fake money to test your strategy and if it will work in the long run. Personally I have been using BitMEX and Binance Futures. They are both reliable. I prefer Binance futures because I earn USDT instead of BTC. Depending on how much risk you have, choose wisely. I had a poor experience with OKEx because it seems that they force close your position at a particular time (which shouldn't be the case). I'm not sure if it's fixed anymore, but I stayed away from it because of that. Spot markets there are okay, but futures I think are not yet reliable.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Assface16678
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1470
Merit: 135
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 06:46:16 AM |
|
I start trading with the use of binance and one of the reason why I choose this trading platform they have a lot of features and promos reward which is good to be recently which is good to the beginner and wants to make a lot of trades these is my pros and cons too I want to share on binance Pros - Have a good security because of email log in
- If your trade are going into liquidity they prompt a message to warning you
- Have a dark theme specially to the people who wants those features
- Faster transaction and exchange also they have a lot of volumes
Cons - It takes time to find out the information you want to do because it has a lot of tabs
- The cache if your resent tools on trading view, sometimes it may not load when you open after a few minutes your previous tools and the recent tools goes to over lap
Those are the basic information I just observe on the trading of binance.
|
|
|
|
ChrisPop
Legendary
Offline
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 07:00:12 AM |
|
It is good that you're documenting yourself before starting futures trading as this is a whole other game than spot trading. However if you wanna trade crypto - spot trading should be more than enough as the volatility is quite high. Make sure that your desire to move to leverage trading is not from the urge to gamble. I've seen this before.
As for the platform I would consider Bitmex, Deribit, Bybit or Binance. Check the liquidity and volume on those. You don't wanna get whipsawed when trading with leverage.
|
|
|
|
yhiaali3
Legendary
Offline
Activity: 1820
Merit: 1940
Fully Regulated Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 08:59:10 AM |
|
For me I don't like futures trading and I prefer to use spot trading, but if you want to venture you can try the following platforms: 1. Binance 2. Huobi Huobi 3. OKEx 4. KuCoin 5. Bittrex Before trading, I advise you to look for some important things like: Reputation - platform reputation is very important in choosing the platform you want to work on. Liquidity and trading volume. Fees - You should know about the different fees between the different platforms and choose what suits you best. Payment Methods - What payment methods are available on the platform? Verification Requirements - Does the platform require KYC or not? Geographical restrictions - some features offered to users are only accessible from some countries.
I think these are important matters and you should know before choosing the platform to trade on.
|
|
|
|
CODE200 (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 10:43:10 AM |
|
Not trying to shill Bybit but it seems to be a good platform too. I have experienced both Bitmex and Bybit (never for Binance because of KYC and a bit of complexity about their futures platform) My Pros on bitmex- Liquidity is very high Cons on bitmex- Withdraw is once a day - No mobile app so no trading on the go - Sometimes it freezes/lags and it's hard to open/close positions when the market goes crazy, the most recent was witnessed in March, during that crazy bitcoin dip if you remember ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) (you can Google and see that a number of folks were not happy about it) - Withdraw is done once day. - Support only BTC (XBT) deposits and withdraws Only once per day? I guess it won't be a problem to me but I think it's unusual for a platform tho, plus the availability on mobile phone is a good edge for a trading platform. But the thing with bitmex that I like the liquidity, the one that you mentioned above, considering futures trading will also vary on that. My Pros on Bybit - Withdraws can be done 3 times a day - Have a mobile app so you can trade on the go or using a mobile phone - I haven't so far experienced any lags/freezes especially on the mobile device - Support Deposits and withdraws in ETH, EOS, BTC, XRP and USDT - They have an internal exchange for quick exchange of assets - So many promotions that can earn you some bonus BTC, ETH or USDT
Cons on Bybit - Liquidity is still low for most futures though it's promisingly growing - There was a huge gap between the exchange's mark price and index price during that infamous Bitcoin dip in March this year. I don't know if it was solved because it led to liquidation of some traders' positions
Cons of bybit is quite bothering, for a stuff like trading I think the liquidity is a huge factor. I would still look for it too. From all of these I think Binance is the leading platform
|
|
|
|
ashmodeus
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 12:58:42 PM |
|
binance, it's pretty simple. i also still do that right now , since market is extreme unpredictable from 3 weeks ago, i've big lose on spot trading,so, futures seems good choice for now, under x10 is still safe i guess,and quite profitable.
|
|
|
|
CODE200 (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 01:23:18 PM |
|
Well I appreciate your effort recommending me a platform to do future trading.
But from now on I think I should do it on Binance since it got a better reviews, actually it's my first time on binance trading.
Goodluck to me !
|
|
|
|
Latviand
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 02:51:28 PM |
|
Binance is good as it has many features and even lets you play games in their platform. Though some features requires KYC, I don't think it would be an issue as you've said that you wanted to take higher risks, also, Binance have a lot of users/traders that are active hence it's volume was fair enough. This isn't to promote Binance but I think it's the best if you would pursue daily crypto trading and focus in it.
But if you really love to have a long term (that you can still be using in the future) trading, better reconsider trying Stock Trading or Forex Trading. Most traders there trades for years and wealth is mostly growing (unless you aren't that good enough)
If you're looking for a good and effective trading platform for your future trading, then try to use Binance. I used it for so long and I'm comfortable with its features that I can't find in many trading platforms. It is the most trustworthy exchanges that I know and it is much easier to manipulate my assets using this. Binance's security when it comes to its customer is really outstanding that's why the volume of people who are using it is high enough. Its reputation to some traders are really high that's why you this platform will never disappoint you. Future trades are really easy to do using Binance.
|
|
|
|
monineklutak
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1890
Merit: 252
The OGz Club
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 03:05:56 PM |
|
I've been inactive for a while, I want to continue trading but now I don't want to stick with conventional trading, the regular one. I want to be more risky this time that is why I am aiming for futures trading.
I've watch some youtube tutorials about it, I already understand how it works but I can't choose which platform I would choose.
on my list is Binance, Bitmex and Okex. Any thoughts?
I really have stayed away from futures trading, the risk of losing money is terrible, I've lost $ 500 overnight, I recommend the spot market to trade
|
|
|
|
LbtalkL
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 03:35:08 PM |
|
I know you want risk, but better practice first and familiarize how this futures works, I have only tried binance future on your list but I have tried on other platform too, binance is more complex but if you are getting used to it, you are fine. Binance has demo account you can practice there, compared to spot you can lose or profit faster. Here is the demo website of binance https://testnet.binancefuture.com/en/futuresng/BTC_USDT
|
|
|
|
Yatsan
Legendary
Offline
Activity: 2520
Merit: 1234
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 04:50:23 PM |
|
Well I appreciate your effort recommending me a platform to do future trading.
But from now on I think I should do it on Binance since it got a better reviews, actually it's my first time on binance trading.
Goodluck to me !
Binance is pretty good, if you're going to look past their KYC requirements. The concept itself isn't that difficult though it may take some time adjusting if you're just starting up. Just read up on what futures is and how it works, Binance has a guide for it IIRC ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . You can also try some Free training simulators about futures/trading so you can prepare yourself for what's what. I myself am using Futures in Binance and so far, it's pretty easy and interesting. once you understand what thing does which, you just got to study the market and that's basically it.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Krabby
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 05:19:57 PM |
|
I've been inactive for a while, I want to continue trading but now I don't want to stick with conventional trading, the regular one. I want to be more risky this time that is why I am aiming for futures trading.
I've watch some youtube tutorials about it, I already understand how it works but I can't choose which platform I would choose.
on my list is Binance, Bitmex and Okex. Any thoughts?
I used to trade in Binance, Bitmex, Okex and even Huobi. All are the same, but I recommend you trade at Binance. Because the volume of Bitcoin trading in Binance is the largest and futures trading needs volume. Therefore, large volumes will create opportunities for us. But remember, Binance is very prone to errors when the market is volatile. so always put stoploss and do not let the strong Dump / Pump to destroy your account.
|
|
|
|
Bitcoin_Arena
Copper Member
Legendary
Offline
Activity: 2114
Merit: 1813
฿itcoin for all, All for ฿itcoin.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2020, 08:20:47 PM |
|
Only once per day? I guess it won't be a problem to me but I think it's unusual for a platform tho, plus the availability on mobile phone is a good edge for a trading platform. But the thing with bitmex that I like the liquidity, the one that you mentioned above, considering futures trading will also vary on that.
I think it's a security measure to avoid the exchange facing hacks and unauthorized withdrawal of funds, which is something good. Bitmex has been around for some years now but have you ever heard anywhere that there was a hack and funds were withdrawn from the exchange's hotwallet like it happened to exchanges like binance?
|
|
|
|
kesmex
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1110
Merit: 104
The OGz Club
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 22, 2020, 07:56:56 PM |
|
Future trading requires a good TA knowledge, if you good I will advise you to go for binance and not think about going for bitmex future, bitmex is highly manipulated, last time bitcoin hits $9200 on all exchanges, on bitmex it went straight to $8900, that's $300 difference, liquidation and hunting of stop loss at its peak, I use binance and I'm cool with it
many futures traders closed their Twitter accounts because they lost, and also seemed to be depressed, I've also experienced it, lucky if you are always lucky in futures trading
|
|
|
|
Yamifoud
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 22, 2020, 11:52:02 PM |
|
Many have tried but many were also been failed, things that will happen when we are driven by excitement without knowing it well. That is much more if we are in trading, the risk it takes to make many new starters come with losses, and later on, they leave. That is why, if we are having an interest in trading and have the plan to ride on this, we better have to prepare ourselves fully. Those losses are a part of our development, in fact, it surely will come to us no matter how hard your tried to avoid it but if you are strong enough to face the reality, it all has the solution. Think positive.
|
|
|
|
|