Which exchanges are the best for selling puts and calls options on Bitcoin?

The_honey_bager

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Quote from: nurilham on May 16, 2022, 04:56:12 PM

Quote from: The_honey_bager on May 02, 2022, 06:33:26 PM

My questions is for those that are already trading options successfully: Which exchange is currently the best for options?

Binance and FTX may be the right choice.
This article may be helpful for you to get started in Binance options.
https://www.binance.com/en/blog/futures/how-to-get-started-with-binance-options-421499824684900531

Thanks but as I said in my last post. It is not possible to sell put and covered call on Binance. You can only buy options.

I need to be able to buy and sell options for my strategy.

One exchange that I know is offering that is LedgerX. However, they have been bought by FTX for their US customers only (I'm not american). FTX.com that is opened for international traders also offers options trading but it seems a different options trading platform and I'm not sure if it is possible to sell options there.

Anyway, I will check everything into details soon. The next exchanges to check on my list are FTX.com, Deribit, Delta and OKEX.

nurilham

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Quote from: The_honey_bager on May 02, 2022, 06:33:26 PM

My questions is for those that are already trading options successfully: Which exchange is currently the best for options?

Binance and FTX may be the right choice.
This article may be helpful for you to get started in Binance options.
https://www.binance.com/en/blog/futures/how-to-get-started-with-binance-options-421499824684900531

And here is also information for trading options on FTX:
https://help.ftx.com/hc/en-us/articles/360038094432-Options-Explainer
Btw,m FTX is also backed by Binance

But, choose the platform smarlty and wise moreover if you are going to trade options. this is high risk and you must know the management of the risk and the fund itself.

The_honey_bager

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This is a update on my research.

FYI Binance only offers to buy Options. You cannot sell (or write) a Options on this exchange.

Also LedgerX is only available to U.S. citizens.

I will post more info as I go with my personnal research in case someone in the same situation as me in the future read this thread.

The_honey_bager

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Quote from: Charles-Tim on May 03, 2022, 01:43:14 PM

Quote from: The_honey_bager on May 03, 2022, 10:44:28 AM

I agree with everyone here that Binance is maybe the most safe crytpo CEX to deposit funds on for trading. I trusted also FTX since it is now the 2nd crypto exchanges by volumes and they have top notch security as Binance.

No centralized exchanges should someone have a rest of mind that it is safe, Binance is centralized and require full verification which you will need to provide your ID documents and other personal information. If your data is leaked (which is possible), is that safe? Data leak is common on exchanges. Also best to not leave your inactive coins on Binance or other exchanges, move it to a reputed noncustododial wallet instead which you have full control over. Any centralized exchange can be hacked at anytime.

Quote from: The_honey_bager on May 03, 2022, 10:44:28 AM

I don't know the other ones very much and how much they can compare outside of the safety of the deposit. I would appreciate any additional insights on that.

According to Binance, FTX is the third ranked recently while Coinbase Pro is the second ranked.

1. I know full well that Bitcoins is best hodl out of exchanges and a lot more secure when control by a personal private key. However, a derivative market on a CEX is needed to trade options. I heard some projects are working to offer derivatives on a DEX in a near future with lightning but the software is not there yet.

2- FWIW FTX is actually 2nd by open interest & trade volume on CoinGecko for the derivatives market (Future, options, etc..):

https://www.coingecko.com/en/exchanges/derivatives

Charles-Tim

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Quote from: The_honey_bager on May 03, 2022, 10:44:28 AM

I agree with everyone here that Binance is maybe the most safe crytpo CEX to deposit funds on for trading. I trusted also FTX since it is now the 2nd crypto exchanges by volumes and they have top notch security as Binance.

No centralized exchanges should someone have a rest of mind that it is safe, Binance is centralized and require full verification which you will need to provide your ID documents and other personal information. If your data is leaked (which is possible), is that safe? Data leak is common on exchanges. Also best to not leave your inactive coins on Binance or other exchanges, move it to a reputed noncustododial wallet instead which you have full control over. Any centralized exchange can be hacked at anytime.

Quote from: The_honey_bager on May 03, 2022, 10:44:28 AM

I don't know the other ones very much and how much they can compare outside of the safety of the deposit. I would appreciate any additional insights on that.

According to Binance, FTX is the third ranked recently while Coinbase Pro is the second ranked.

The_honey_bager

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Quote from: 99Percent on May 03, 2022, 09:24:01 AM

Binance is one of the right choices for you friends because it already provides many features and transactions that are safe and very fast. as of now binance is the number one crypto exchange in the world,

Thank you for all the answers received so far.

The exchanges for options trading that I have seen mentionned the most online (outside of this thread) are Deribit, Delta, Binance, FTX and LedgerX. Apparently, options trading on Bitcoin can even be done on the CME (traditional exchange).

I agree with everyone here that Binance is maybe the most safe crytpo CEX to deposit funds on for trading. I trusted also FTX since it is now the 2nd crypto exchanges by volumes and they have top notch security as Binance.

I don't know the other ones very much and how much they can compare outside of the safety of the deposit. I would appreciate any additional insights on that.

99Percent

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Binance is one of the right choices for you friends because it already provides many features and transactions that are safe and very fast. as of now binance is the number one crypto exchange in the world,

boyptc

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Quote from: The_honey_bager on May 02, 2022, 06:33:26 PM

I learned a few things on options trading in the last few days and getting premium on options seems really nice. I will test that in the following weeks.

My questions is for those that are already trading options successfully: Which exchange is currently the best for options?

Binance.

Like they say, I've just did that a few times then never did that again. I can't master futures but I know that it's good source if you're good at it and then if you're always failing with it.

Better much to say with the spot and there goes you can test anything you want as you trade.

palle11

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I will also join to say to you that binance is good to trade on if you get your KYC done and verified then you have a secured trading experience. It is always a better idea to follow an exchange that others have tested and trust with their service. Long story short is that binance can give you a better trading experience and withdrawal of your coins anytime.

Ararbermas

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Binance is all in one mate, with good features and very secured. but there's a requirements and that is the KYC, wherein, in order to activate an account but it's worth it to be honest because what you all need is already in it especially when it comes withdrawal such as p2p and available banks. So if were you instead of seeking for another platform much better to choose binance to prevent regrets.

Oshosondy

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Binance should be good for this option, it is among their trading types, including spot and future trading. I have not traded option before on Binance but all other trading I have done on the exchange are of good experience for me, I think their option trading should also be like that. But one thing about Binance is that you will have to verify, fully verified with your ID documents, international passport or any other ID card.

shushu9977

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Binance is currently best exchange for it’s security. I always use binance exchange for converting any kind of coins. I hope, binance is most valuable and trustworthy exchange now a days. Here, You put you money from any countries by your local currency at 24 hours.

BitMaxz

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I never heard of any other exchange with options trading but only Binance that I know has option trading you can go directly on their options trading from this link below

- https://voptions.binance.com/

You can only use this if you have already activated the futures account. If not yet activated you can activate the futures account but the problem Binance will ask for KYC verification.

The_honey_bager

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I learned a few things on options trading in the last few days and getting premium on options seems really nice. I will test that in the following weeks.

My questions is for those that are already trading options successfully: Which exchange is currently the best for options?

Topic: Which exchanges are the best for selling puts and calls options on Bitcoin? (Read 133 times)