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Best Bitcoin Trading Platform 2019: Derivative Trading Review

The Best Bitcoin Trading Platform for Derivatives in 2019

Whether you’re new to the cryptocurrency or bitcoin market or a veteran investor, you may be wondering if there are greater ways to actually earn money without having to wait around for huge moves in the market. Here, we will talk about the best bitcoin trading platform in 2019 for derivative trading. For those new to the crypto market, it may surprise you that you can actually get a crypto call and earn a 100% ROI even when the market has only moved just over 1%.

Here are the topics we’ll cover in this article:

  • Why choose Derivative Trading
  • Bitseven Summary
  • Bybit Summary
  • Bitmex Summary
  • The Final Verdict

Why Choose Derivative Trading

Yes, you can either buy and sell on platforms like Binance and make a few percent a day or in a week, but that’s not convenient when altcoins aren’t in a bull market. Binance isn’t exactly the best crypto trading platform on the market for derivatives trading, but they are working toward it. In the meantime, let’s talk about the leaders. If you’re here, that means you want to be able to make larger percentage gains above 20% instead of losing money. To do that, you need the best bitcoin trading platform available, and we have a review below.

For a full description on leverage/derivative trading, click here.

In summary, derivatives trading (also referred to as margin/leverage trading) gives the investor the ability to borrow an amount they don’t have in order to trade for higher gains. Example, if you use 100X leverage, then you can make 100% profit on only a 1% move in bitcoin.

Why Choose BitSeven

BitSeven is a leveraged based Trading option for Bitcoin that offers between 1x and 100x Trading, An exchange to swap BTC > ETH etc, and purchase Bitcoin, Ethereum, Litcoin and Bitcoin Cash with ease. BitSeven has taken the 100X leverage by storm; many investors can boast an impressive 100% profit even when a crypto asset has only moved by 1%!

Speed:

BitSeven has a near 100% uptime, a very fast by and sell system and continues to improve its system.

Usability:

BitSeven’s site is both mobile and desktop friendly.

Liquidity:

It’s a newer derivative’s trading exchange, so it does not have as much liquidity as Bitmex, but it is growing at a fast pace. Since investors are looking for new exchanges during the bitmex investigation, this will be one to look out for.

Unique Flair compared to other exchanges:

It’s a mix of a modernized style for trading combined with simplicity that makes BitSeven standout.

Score Out of 10:

When it comes to crypto derivatives, BitSeven is one of our favorite cryptocurrency exchanges, so we may be a little biased, but we score this a 9/10. You can also withdraw funds at any time.

The part that takes the score off just a tad bit is the liquidity compared to Bitmex.

Why Choose ByBit

ByBit is the lovechild of Binance and Bitmex. It’s a great choice when thinking about the best bitcoin trading platform. It also boasts a 1x to 100x trading system, and you can deposit BTC, ETH, EOS and XRP. This allows you to quickly and effectively trade on against the USD instead of against BTC.

Speed:

ByBit has a near 100% uptime, and lightning fast (don’t quote us on that)!

Usability:

BitSeven’s site is both mobile and desktop friendly. The exchange is beautiful, as it combined the pleasing look of binance with the technicals of Bitmex.

Liquidity:

It’s a newer derivative’s trading exchange, so it does not have as much liquidity as Bitmex, but it seems to be growing so fast, that it is frequently compared to Bitmex, and that’s no accident.

Score Out of 10:

In the bitcoin derivatives space, ByBit is one of the leaders. We give this a 9/10. It’s a near perfect exchange, and if not for the lower liquidity compared to Bitmex, we’d give it a 10/10.

Unique Flair compared to other exchanges:

BitSeven is the best looking derivatives exchange, and also the easiest to use on both mobile and desktop versions. It also allows you to set stop-losses and take profits BEFORE you executive a trade, which is a no-brainer. It also does withdrawals every 8 hours, so that it reduces the likelihood of your funds ever going missing, if a hack were to occur.

Why Choose Bitmex

Bitmex is the grandaddy of all crypto derivatives. It originally began with only bitcoin trading, but soon opened its doors to Ethereum, Bitcoin Cash, XRP, and Litecoin. It does paper trading with a version of bitcoin called XBT. They only allow withdrawals once a day, saving investor’s money even in the face of an exchange hack.

Speed:

Bitmex has a near 100% uptime, and is very fast, although there are server timeout issues when prices rise or fall quickly.

Usability:

Bitmex is best used on a desktop, although you can use it on your mobile device. The server issues during high volume moves are a pain, but it more than makes up for it in the next section.

Liquidity:

Bitmex has the highest liquidity in the market compared to its competitors, and even the likes of Binance, in terms of trading volume in BTC.

Score Out of 10:

Bitmex is the original crypto derivatives exchange, and in 2019, we will rate it 8/10. It’s a GREAT exchange, but the server issues during high volume trading decreases the score.

Unique Flair compared to other exchanges:

Bitmex sets the trend when it comes to derivative trading. It is the standard to reach for. All other derivative exchanges can learn something from the market leader.

The Final Verdict

When it comes to the leverage trading crypto and picking the best bitcoin trading platform, no matter which one you pick, you want to be prepared by getting the best crypto calls with our crypto signals telegram group. BitSeven, Bybit and Bitmex serve a different need, and we will help you maximize your potential here.