https://ift.tt/9s5uoie Deribit alternatives: top competitors and exchanges better than Deribit

How did Binance become so big so quickly? There are various reasons – low trading fees, professional attitude, Delta Exchange offers a comprehensive range of both innovative and traditional cryptocurrency derivatives. Their goal is to provide sophisticated derivatives markets to both retail and institutional investors. They have achieved this with some really interesting trade types, logically presented, and accessible to the retail trader.
Deposit fees:
Free
Withdrawal fees:
Vary from crypto to crypto
Trading fees:
0.05% – 0.15%
Payment Methods:
Only crypto
Supported fiat:
None

  It offers traditional and perpetual futures contracts for Bitcoin.
  Up to 100x leverage
  It provides live support

Liquidity for several trading pairs is not sufficient

How did Binance become so big so quickly? There are various reasons – low trading fees, professional attitude, the large number of cryptocurrencies supported by the platform, and friendly and transparent CEO. Some of the features available on Binance are Earn (locked and fixed savings, DeFi staking, and yield farming), Pool (join their mining and staking pools and earn rewards for keeping your chosen blockchains safe), Liquid swap, Liquidity pools, Automated trading bots, spot trading, futures and margin trading, and P2P trading.

Deposit fees:
Free
Withdrawal fees:
Vary from crypto to crypto
Trading fees:
0.1%
Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more

  High liquidity
  It supports a large number of crypto assets
  Widely considered the largest crypto platform
Various advanced features and services
One of the lowest fees among top exchanges

Not available in the US
Not fully registered
Hacked in 2019

Like many similar exchanges, Margex is also a bitcoin-only platform when it comes to withdrawals. However, you can deposit funds with either bitcoin or fiat, thanks to their integration with Changelly, a service where you can buy crypto with credit and debit cards.

Deposit fees:
Free
Withdrawal fees:
You only pay the miners fees, Margex charges no extra cost.
Trading fees:
0.019% – 0.060%
Payment Methods:
You can deposit fiat via Changelly platform
Supported fiat:
USD

  Lowest fees in the industry
  High leverage
  No KYC

Relatively new platform
Not available in the U.S. or Japan
Anonymous company behind the platform

In the last couple of year, Bitmex got some competition to deal with – primarily from Bitfinex and PrimeXBT but also “regular” exchanges like Binance and Kraken adding leveraged trading to chop away from Bitmex’s pie.

Deposit fees:
Free
Withdrawal fees:
N/A
Trading fees:
0.075%
Payment Methods:
Crypto only
Supported fiat:
None

  Futures and derivates trading
  Many advanced features available
  Low fees

Not suitable for beginners
No fiat deposits / withdrawals available

FTX was launched in 2019 so it is still a relatively new player on the market. The exchange is owned by FTX Trading LTD. It is based in Hong Kong, HK. The exchange offers a variety of trading services such as perpetual futures, bitcoin options, MOVE contracts, spot trading, leveraged tokens, OTC desk, and oil futures.

Three major factors assure the stability and trustworthiness of the FTX platform and those are Alameda research, the FTX team, and the list of partnerships.

Deposit fees:
Free
Withdrawal fees:
Vary from crypto to crypto
Trading fees:
0.01 – 0.07 %
Payment Methods:
Wire Transfer, SEPA, Credit Card, Silvergate Exchange Network (SEN), PayID, Signature SIGNET, and cryptocurrency
Supported fiat:
USD, HKD, GBP, EUR, AUD, SGD, CAD, ZAR, BRL, and CHF.

  Low fees
  A lot of advanced trading features
  Trustworthy and no hack so far

USA citizens still not allowed
Interface not suitable for beginners