Q&A Exchange that trades Coin Futures

MarvieJ

jr. member

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Quote from: joker1313 on September 28, 2023, 01:42:55 AM

you can look out for bybit, they got a similar interface like binance. And there is always bitfinex dont know about the leverage they provide but these 2 are good enough to not run away with your money. As far as binance troubles yea its always better to be cautious cause we have seen exchanges going down in past.

So these two are my suggestions for you bybit n bitfinex.

Yea bybit is cool, they’ve got good interface but since their announcement of leaving Uk, I decided to opt for another cex like bitget

Faisal2202

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Quote from: logfiles on September 28, 2023, 06:13:20 PM

Quote from: Faisal2202 on September 27, 2023, 11:07:39 AM

What BITMEX is still safe after the past case?

What case?

Bitmex full KYC implementation?
Bitmex founders vs Sec?

Dear, that's not me making that statement, instead, it was the OP who asked that question. Look in the picture below or see that reply again. That's a quoting mistake I think. Maybe you wanted to quote IomBok and mistakenly mentioned me/quoted me.

I was surprised to see this mention for a second that, I did not speak about Bitmex in this thread then why I am getting mentioned on it, hehe, You got me there for a second.

lombok

sr. member

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Quote from: logfiles on September 28, 2023, 06:13:20 PM

Quote from: lombok on September 27, 2023, 10:18:49 PM

Sorry for my ignorance, I'm just making sure. I've found it on Bybit under the name inverse. Will consider several more exchanges than the ones you mentioned above for other considerations. Thank you for your positive response.

Coin M Futures = Inverse perpetual contracts. It's just that different exchanges name them differently

Quote from: Faisal2202 on September 27, 2023, 11:07:39 AM

What BITMEX is still safe after the past case?

What case?

Bitmex full KYC implementation?
Bitmex founders vs Sec?

BITMEX founders vs SEC.
Has the case been completely resolved? what do you think if I put some BTC there? is it safe? I actually used to trade on Bitmex, but because the Founder case emerged and there was a lot of FUD regarding Bitmex, I moved to Binance. If it's safe I will try to put my luck back there.

logfiles

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Quote from: lombok on September 27, 2023, 10:18:49 PM

Sorry for my ignorance, I'm just making sure. I've found it on Bybit under the name inverse. Will consider several more exchanges than the ones you mentioned above for other considerations. Thank you for your positive response.

Coin M Futures = Inverse perpetual contracts. It's just that different exchanges name them differently

Quote from: Faisal2202 on September 27, 2023, 11:07:39 AM

What BITMEX is still safe after the past case?

What case?

Bitmex full KYC implementation?
Bitmex founders vs Sec?

Best-mary

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BTC Lover|Crypto Educator| We Grow by Learning!

Quote from: Oshosondy on September 27, 2023, 08:50:16 AM

There are many exchanges that trade coin futures, all the exchanges that I am using are trading it. Bybit, Huobi which is now called HTX, OKX and Kucoin are having it.

I saw it on MEXC and Bitmart. Many other exchanges too.

Pretty much. Almost all exchanges have it. Now what matters is their funding rate. There's one that has like %0.01 fee

joker1313

newbie

Activity: 46

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you can look out for bybit, they got a similar interface like binance. And there is always bitfinex dont know about the leverage they provide but these 2 are good enough to not run away with your money. As far as binance troubles yea its always better to be cautious cause we have seen exchanges going down in past.

So these two are my suggestions for you bybit n bitfinex.

Beerwizzard

full member

Activity: 924

Merit: 148

I can recommend using ByBit. I am mainly using the inverse contracts to collect funding as it is an easy way of getting 10%+ APY for your USD holdings if you just buy the coin and short it on inverse contracts with x1 leverage. But generally, they got all necessary features for trading and a decent trading interface which makes it ok for daily usage.

lombok

sr. member

Activity: 868

Merit: 326

Quote from: Oshosondy on September 27, 2023, 09:59:48 AM

It is like you are repeating the question you have just asked, there are many exchanges that have coin margin in a way you can open a position with your coin and you will receive the profit in the coin. All the exchanges I have mentioned have it.

Sorry for my ignorance, I'm just making sure. I've found it on Bybit under the name inverse. Will consider several more exchanges than the ones you mentioned above for other considerations. Thank you for your positive response.

Quote from: Faisal2202 on September 27, 2023, 11:07:39 AM

I prefer you OP to not use Huobi for any type of trading purposes. Because there are many loopholes in this exchange that not even the team knew about.

For example, yesterday, a member made a post about how he led to an unofficial telegram bot where he was asked to give the recovery key of the wallet, while that member said, he clicked the link from the official website of Huobi. Here is that thread --> [Warning] Even the official links aren't safe anymore..

And one of our local community member (Gladitorcomeback) even reported that loophole to the team, and their reply indicated that, they did not know about such an error and the support said, we had transferred the message to the specific team. I mean, they are so lazy and don't know they have a thief in their house. I was shocked.

Thanks @Faisal2202 for the warning regarding HUOBI, at least I know which ones to avoid.

Quote from: logfiles on September 27, 2023, 04:45:19 PM

You can check out Bybit and Bitmex.

What BITMEX is still safe after the past case?

Thank you guys. I will check MEXC, This exchange is popular for its large leverage and many of the suggestions from the members above regarding MEXC.

logfiles

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Quote from: lombok on September 27, 2023, 09:12:05 AM

Does the exchange have a Coin-M futures feature? where can we trade BTC futures, for example if we make a profit then we get BTC instead of USDT.

As far as I know. MEXC has Coin-M futures. I am not sure about bitmart though
But there are a lot of popular exchanges that have what you are looking for. In certain exchanges, they call them inverse perpetual futures. You can check out Bybit and Bitmex.

Stedsm

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Though I don't trust Binance nowadays, after the FTX dilemma took place and it went out of the game, Binance is the only exchange I've had been using since because it has got way too much liquidity available on any asset you trade there (except a few where no trades are being conducted and are on the verge of getting delisted). But yes, I've transacted before on MEXC and Gate and both have coin margined pairs (Gate only has 2 available while MEXC offers about 6 pairs). But I cannot guarantee you about the security level they've got and how far they can protect themselves from hackers who keep doing their efforts every single day to hack the wallets of these exchanges.

el kaka22

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That seems like something that doesn't really exist, but that also doesn't matter because you could just exchange it right away. Plus, like I always say, if there is something that you do not know or understand about futures that means you should not be in the futures, that is always a bad idea because it is so risky.

The risk could be a bit higher than spot trading and that would be fine, but we are talking about unnecessary amount of risk that should not even exist, like literally go from betting some money to zero from that trade, ZERO, not 10% down not 50% down, ZERO return if you are wrong. That's a bad move and I believe that everyone should be staying away from that if they still have questions about it.

ZAINmalik75

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Quote from: lombok on September 27, 2023, 08:22:06 AM

II would like to ask about exchanges other than Binance that trade M-Coin Futures. Are there any such exchanges that are safe?
I want to spread my balance, I'm a little afraid because there is a lot of FUD news on Binance, to anticipate bad things if something undesirable happens.

Please provide input and help.

Yeah, you can do coin margin or futures trading on the following exchanges other than Binance:
Gate.io
Huobi
MEXC
OKX
Bitfinex

I would prefer not to use Huobi, as Faisal2202 has already shed light on why we should avoid it. You asked if there is any exchange that is safe; then, my dear, in crypto, nothing is safe until you follow the main slogan of crypto, which is "Not your key, not your coin". If you are storing your huge funds on some centralized exchange, then you might lose them due to many reasons, like the reasons that occur with MT Gox, FTX, Huobi, CoinEx, etc. Hacks, scams, and bankruptcies are normal things in crypto.

All we can do is take precautions to manage our funds and minimize the risks involved.

DVlog

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Activity: 504

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Quote from: lombok on September 27, 2023, 08:22:06 AM

II would like to ask about exchanges other than Binance that trade M-Coin Futures. Are there any such exchanges that are safe?
I want to spread my balance, I'm a little afraid because there is a lot of FUD news on Binance, to anticipate bad things if something undesirable happens.

Please provide input and help.

You are right about binance fud and i am also trying to not keep any funds in there. I saw news mentioned about binance that sec can put a high margin fine for binance for some of their activity.

For future trade bybit is more popular than binance i think. This exchange recently offered spot trading and their service is also good. They are doing heavy promotion about their platform with events. Using it for some time never had an issue. But they are a little bit skeptical about using multiple id so be careful about it.

Faisal2202

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Quote from: Oshosondy on September 27, 2023, 08:50:16 AM

There are many exchanges that trade coin futures, and all the exchanges that I am using are trading it. Bybit, Huobi which is now called HTX, OKX, and Kucoin are having it.

I saw it on MEXC and Bitmart. Many other exchanges too.

Do you still use Houbi? I mean the books showed that Houbi has solvency issues and this news was shared here before the hack occurred on Houbi. --> *warning* Huobi insolvency rumours. I prefer you OP to not use Huobi for any type of trading purposes. Because there are many loopholes in this exchange that not even the team knew about.

For example, yesterday, a member made a post about how he led to an unofficial telegram bot where he was asked to give the recovery key of the wallet, while that member said, he clicked the link from the official website of Huobi. Here is that thread --> [Warning] Even the official links aren't safe anymore..

And one of our local community member (Gladitorcomeback) even reported that loophole to the team, and their reply indicated that, they did not know about such an error and the support said, we had transferred the message to the specific team. I mean, they are so lazy and don't know they have a thief in their house. I was shocked.

Oshosondy

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Quote from: lombok on September 27, 2023, 09:12:05 AM

Does the exchange have a Coin-M futures feature? where can we trade BTC futures, for example if we make a profit then we get BTC instead of USDT.

It is like you are repeating the question you have just asked, there are many exchanges that have coin margin in a way you can open a position with your coin and you will receive the profit in the coin. All the exchanges I have mentioned have it.

lombok

sr. member

Activity: 868

Merit: 326

Quote from: Oshosondy on September 27, 2023, 08:50:16 AM

There are many exchanges that trade coin futures, all the exchanges that I am using are trading it. Bybit, Huobi which is now called HTX, OKX and Kucoin are having it.

I saw it on MEXC and Bitmart. Many other exchanges too.

Does the exchange have a Coin-M futures feature? where can we trade BTC futures, for example if we make a profit then we get BTC instead of USDT.

What I mean is as I marked the box in the picture.
Or for an explanation about M-Coin, see this link: https://www.binance.com/en/blog/futures/coinmargined-or-usd%E2%93%A2margined-what-futures-contract-suits-you-421499824684903739

I will also start looking at the exchanges you mentioned earlier

Quote from: Hamza2424 on September 27, 2023, 09:10:15 AM

However OP, your motive is good as per Binance there are a lot of Fuds and more on the way so better to find alternatives, as per my experience I think Kucoin does provide a Similar kind of service, and a better alternative as KYC free. More on OKX can also be taken into account (Not recommend any centralized exchange as for the Binance fud OP you are taking this into count maybe be similar kind of fud may arise for these platforms as well). A permanent solution is the Decentralized prepertual.

Thank you for your understanding of my concerns and your explanation.

An ounce of prevention is worth a pound of cure. What I fear is that something like FTX will happen again, initially it was fine but in reality FTX was destroyed. So I decided not to take the risk too far.

I will start considering your advice. Thank You.

Hamza2424

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Quote from: lombok on September 27, 2023, 08:22:06 AM

II would like to ask about exchanges other than Binance that trade M-Coin Futures. Are there any such exchanges that are safe?
I want to spread my balance, I'm a little afraid because there is a lot of FUD news on Binance, to anticipate bad things if something undesirable happens.

Please provide input and help.

Hmm, well that's a good move to spread the funds but I think it could be more efficient if you prefer the Decentralized Prepertuals such as GMX, DYDX, and more. Custodial Trading is preferred if you can bear the network fees, as I will recommend to anyone the platforms that I don't use and doubt for a couple of reasons.

However OP, your motive is good as per Binance there are a lot of Fuds and more on the way so better to find alternatives, as per my experience I think Kucoin does provide a Similar kind of service, and a better alternative as KYC free. More on OKX can also be taken into account (Not recommend any centralized exchange as for the Binance fud OP you are taking this into count maybe be similar kind of fud may arise for these platforms as well). A permanent solution is the Decentralized prepertual.

Oshosondy

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Gamble responsibly

There are many exchanges that trade coin futures, all the exchanges that I am using are trading it. Bybit, Huobi which is now called HTX, OKX and Kucoin are having it.

I saw it on MEXC and Bitmart. Many other exchanges too.

lombok

sr. member

Activity: 868

Merit: 326

II would like to ask about exchanges other than Binance that trade M-Coin Futures. Are there any such exchanges that are safe?
I want to spread my balance, I'm a little afraid because there is a lot of FUD news on Binance, to anticipate bad things if something undesirable happens.

Please provide input and help.

Topic: Q&A Exchange that trades Coin Futures (Read 179 times)