This article will walk you through the best crypto futures trading platform in India. If you’re new to crypto futures and want to buy and sell cryptocurrencies to diversify your investment portfolio, here’s a quick summary of choosing the right crypto exchange platform.
Almost every major cryptocurrency exchange accepts fiat currency (EUR, INR, USD, etc.). Deposits are usually free, while withdrawals are subject to a fee or commission.
However, just a few, such as PCEX Member, offer crypto futures trading. As a result, anyone can trade crypto in Indian rupees and, with wise foresight, make more with less because crypto futures investments allow you to profit without really holding an asset.
So, these are the top 10 cryptocurrency futures exchanges in India. The ranking is based on Web Traffic, Average Liquidity, Volume, Fees, Ease-of-Use, and Confidence in the volume reported by an exchange.
List of 10 Best Crypto Futures Trading Platforms in India
Here is the list of the 10 best crypto futures trading platforms in India:
1. Binance
Binance is the largest nation cryptocurrency exchange in terms of trading volume as of January 2020. Its crypto futures trading volume is estimated to be approximately USD38.9 billion on a 24-hour basis.
Around 322 cryptocurrencies, including Bitcoin, Ethereum, and Cardano, are available for trade on the exchange platform.
It began accepting fiat currencies in early 2021 and now supports 45 fiat currencies, including the Indian rupee.
Pros
- The industry’s lowest transaction fee
Cons
- Beginner crypto fans may find it challenging.
- The maker or purchase fee is 0.02 %, whereas the taker fee is 0.04 %.
2. Member of the PCEX
The most user-friendly, comprehensive, and secure trading platform in India is PCEX Member. Every 24 hours, it processes USD 2.5 billion in transactions.
It has become a haven for inventors of all sizes due to its high liquidity, smaller lot sizes, and lower transaction fees.
All central crypto-asset contracts, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum (ETC), and Litecoin (LTC), are available for trade on the exchange (LTC). PCEX accepts a variety of fiat currencies, including the Indian rupee.
Pros
- Options for traditional futures trading
- There are various lot sizes available.
- Rates with the lowest margins
- Futures items that are competitive
- Futures items that are competitive
Cons
- None
- Futures Trading transactions are subject to a flat transaction fee of 0.3 %.
3. ByBit
Bybit is among the most rapidly developing crypto futures trading exchanges, having launched in March 2018. It has a user base of over a million people. BTC, ETH, XRP, EOS, ETH, LTC, and XTZ are just a few of the popular crypto assets supported by Bybit.
Pros
- The fees section explains how investors are paid.
Cons
- The user interface isn’t amicable.
- Makers pay a fee of -0.025 % for every order, while takers pay a cost of 0.075 %.
4. Kraken
Kraken is a cryptos exchange located in the United States and was founded in 2011. Its crypto futures trading volume is over USD 622 million in 24 hours.
You may trade 59 different cryptocurrencies on the exchange, including Bitcoin, Ripple, Ethereum, Bitcoin Cash, and Litecoin.
Bloomberg Terminal also has access to Kraken’s price information. Kraken assisted in recovering assets lost by investors following the Mt.
Gox collapsed in 2014–15. It does not accept INR as a payment method, but it does accept the following fiat currencies: USD, EUR, GBP, CAD, JPY, CHF, and AUD.
Pros
- Transaction fees are low.
Cons
- Customer service that isn’t up to par
- The maker’s trading charge is -0.02 % (they are paid to invest), while the maker’s trading fee is 0.075 %.
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5. KuCoin
Every 24 hours, the KuCoin Exchange handles a trading volume of USD5.8 billion. It accepts 254 cryptocurrencies for trade, including BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), XRP (Ripple), and KCS (Komodo) (KCS).
To complete transactions, you can use a credit/debit card (Simplex, Banxa, PayMIR), a bank transfer, PayPal, or the SEPA option.
Pros
- It’s straightforward to use: Therefore, it’s ideal for novices.
- Trading without revealing your identity
Cons
- Issues of liquidity with smaller coins
- Transaction Fee: The exchange has a diverse fee portfolio based on trade volume with 13 levels (LV0 to LV12). It’s 0.02 percent for makers and 0.06 percent for takers below USD100 (LV0). The maker and taker fees for USD160000 are -0.015 percent and 0.03 percent, respectively.
6. Bitfinex
Bitfinex is ranked 6th globally, with a trading volume of USD91.2 million. It allows you to trade assets in 145 different cryptocurrencies. It does not now accept INR as fiat money. However, it does accept supported currencies such as USD, EUR, GBP, and JPY.
Pros
- Transaction fees are low.
Cons
- Customer service that isn’t up to par
- Trading Costs: Deposit makers pay between 0% and 0.1 % in trading fees, while takers pay between 0.2 and 0.055 %.
7. OKEx
Every 24 hours, the crypto trading volume at OKEx is about USD7.1 billion. OKEx is a cryptos exchange based in Malta that was established in 2014. With ease, buy and sell BTC, ETH, XRP, OKB, and other digital assets. OKEx offers spot, margin, options, perpetual swaps, DeFi, financing, and mining services.
Pros
- The dominance of BTC: (68.6 percent)
- Liquidity in abundance
Cons
- Larger lots require more time to fill.
- Transaction Fee: The maker fee is 0.02 percent, while the taker fee is 0.05 percent.
8. BitMEX
BitMEX has a market value of roughly USD944.8 billion and a 24-hour trading volume of nearly USD152 billion.
BitMEX was created in 2014 and is based in the island nation of Seychelles. It allows users to trade cryptocurrencies such as Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, EOS, Binance Coin, etc.
Pros
- The dominance of BTC: (68.5 %)
- Liquidity in abundance
Cons
- none
- Transaction fee: The maker fee is -0.025 %, while the taker fee is 0.075 %.
9. FTX
The exchange’s market capitalization is USD936.4 billion, and it handles around USD152 billion per 24 hours. BTC, ETH, LTC, and BCH are the most popular cryptocurrencies traded on this exchange.
USD, EUR, HKD, SGD, GBP, CHF, ZAR, AUD, and CAD have accepted fiat currencies.
Pros
- The trading platform includes an easy-to-use UI.
- Authentication using two factors
Cons
- Greater lot size
- FTX offers a tiered charge system for transactions. The maker fee is between 0.02 and 0.01 %, whereas the taker cost ranges from 0.07 to 0.04 %.
10. Bitget
Bitget is a leading cryptocurrency derivatives exchange that launched in 2018, and Singapore is the company’s headquarters. Across one million people have signed up for the platform worldwide. It has a market capitalization of about USD935 billion and trades about USD152 billion in volume per 24 hours.
Pros
- The dominance of BTC: (68.4 %)
- Deposit/Withdrawal in a flash
Cons
- Greater lot size
- The maker fee is 0.04 %, and the taker fee is 0.06 % of the transaction.
Users interested in trading in India can utilize the list of best Indian cryptocurrency exchanges above to find a comprehensive and straightforward platform.
Some crypto exchanges offer simple, mobile-first interfaces for first-time investors, while others provide advanced trading capabilities for seasoned crypto traders.
Because Bitcoin is legal in India, the exchanges listed above are the best places to acquire Bitcoin.
However, the simple sign-up process and streamlined UI should not be confused with the ease of investing in the unpredictable crypto markets. Despite several “buy high, sell cheap” jokes, the financial losses are irreversible.
Watch the video below to know the best crypto futures trading platform in India:
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