The Best Cryptocurrency Exchange for Futures Trading

LBank Exchange
4 min readMar 21, 2023
The Best Cryptocurrency Exchange for Futures Trading

Cryptocurrency futures trading has become a popular way for traders to speculate on the price of digital assets. However, choosing a suitable cryptocurrency exchange for futures trading can be daunting.

Here are some of the factors you should consider when choosing a cryptocurrency exchange for futures trading:

  1. Liquidity: Liquidity is essential in futures trading as it affects the ease of buying and selling assets at fair prices. Look for an exchange with high trading volumes and a large user base. High liquidity ensures that there is always someone on the other side of the trade, and you can enter or exit a position quickly without affecting the price significantly.
  2. Fees: Fees are essential when trading futures as they can significantly impact your profits. Look for an exchange with low trading fees and no hidden charges. Many exchanges charge both a maker fee and a taker fee. A maker fee is charged when you add liquidity to the market, and a taker fee is charged when you remove liquidity from the market. Choose an exchange with low fees to minimise your trading costs.
  3. User Interface: The user interface should be easy to navigate, and the trading platform should be intuitive, with all the necessary features and tools. A user-friendly interface ensures that you can execute trades quickly and efficiently. Look for an exchange with a customisable interface that allows you to configure the layout according to your preferences.
  4. Trading Options: Different exchanges offer various trading options for futures trading. Some exchanges offer only Bitcoin futures trading, while others provide a wide range of digital assets for futures trading. Choosing an exchange offering diverse trading options is crucial, especially if you are interested in trading multiple cryptocurrencies. Additionally, consider the exchange’s leverage options and margin requirements, as these factors can significantly affect your profitability.
  5. Fees: Trading fees can vary significantly between exchanges, and it is vital to consider the fee structure of the exchange you are considering. Some exchanges charge high trading fees, while others offer more competitive rates. Additionally, consider the deposit and withdrawal fees and any other hidden fees that may apply.
  6. Security: The exchange’s security is crucial when choosing a cryptocurrency exchange for futures trading. Ensure that the exchange you choose has robust security features, such as two-factor authentication and cold storage of funds. Additionally, check if the exchange has ever been hacked and how it handled the situation.
  7. Customer Support: Finally, consider the quality of customer support the exchange offers. A reliable exchange should have a responsive and knowledgeable support team to assist you with any issues. Check if the exchange offers multiple support channels, such as email, phone, and live chat, and how quickly they respond to customer inquiries.

Why LBank is a suitable option for trading crypto futures

LBank offers a diverse range of trading options for futures trading, including Bitcoin, Ethereum and other popular cryptocurrencies. This allows traders to have more options and flexibility in their trading strategies.

The top cryptocurrency exchange also offers competitive trading fees, with a +0.02% maker fee and +0.06% taker fee, making it a cost-effective option for futures trading.

LBank’s perpetual contracts are settled in USDT, and there is no expiration or settlement period with leverage available from 1–125x.

Furthermore, LBank prioritises security and has implemented various measures to ensure the safety of its users’ funds, including multi-layered security protocols that have protected its entire ecosystem from being hacked.

LBank has a highly responsive and knowledgeable customer support team available 24/7 to assist users with issues in multiple languages.

Additionally, LBank’s user interface is user-friendly and intuitive, making it easy for traders to navigate the platform and execute trades efficiently.

Begin your futures trading journey with LBank

Here are the necessary steps to begin your futures trading journey with LBank:

  1. Download the LBank app: You can download the LBank app from the App Store or Google Play Store, depending on your device.
  2. Register an LBank Futures account: Once you have downloaded the app, you can register for an LBank Futures account by following the instructions on the app.
  3. Verify your account: You will need to verify your account before you can start trading on LBank. To do this, you must provide your personal information and submit any necessary documents for verification.
  4. Fund your account: Once your account is verified, you can fund your account using any of the supported cryptocurrencies or fiat currencies.
  5. Explore the platform’s features: LBank offers a variety of features and tools to help you trade futures, including charts, order books, trading history, and more. Take some time to explore the platform and familiarise yourself with its capabilities.
  6. Start trading: Once you have funded your account and familiarise yourself with the platform, you can start trading futures on LBank. Remember that futures trading can be complex, so it’s essential to research and develop a trading strategy that works for you.

Disclaimer: Derivatives are often volatile, and this can be a risky investment. The information provided in this article is solely for educational purposes and shouldn’t be regarded as financial advice.