Posted 2 years ago | by Ben Armstrong

Learn More About Crypto Futures!

Futures are derivative contracts that make it much easier to trade financial instruments, and now there are lots of ways to trade cryptos with futures contracts. In addition to making it much easier to trade quickly, futures often offer leverage that can be used to magnify the direction of the market.

There are many new crypto-based futures exchanges, and Phemex is worth a look. Unline many crypto-focused futures exchanges, Phemex is working to expand into other markets, like commodities, and FOREX.

There is no reason why crypto users should have to re-enter the fiat system if they want to speculate on the direction of fiat currencies, and Phemex has taken the initiative to bridge the gap. While it currently does not offer full FOREX trading tools, it does have futures contracts on select commodities, and a number of popular crypto pairs.

If you would like to open an account with Phemex, please click right here. It is very simple to get started with the platform, and you can easily deposit BTC, and start trading!

Crypto Futures Make Trading Easy

Trading crypto on an exchange usually means taking on some sort of risk, as you will be depositing your cryptos as a basis for your trading activities. Whether or not your exchange actually says you are trading in futures, you are in fact trusting that the exchange will deliver token back to you when you decide to redeem them.

If you are trading specifically for the purpose of making profits, you may want to consider trading with a futures exchange, like Phemex.

Not only does the exchange offer crypto futures trading with a solid platform (it gets great reviews), you can also use leverage when you want to take on additional risk (which means much higher profits if you are correct). Additionally, Phemex has great trading tools, like stop-loss orders, so you can employ advanced trading strategies.

How do I Make a Return with Futures?

Like any kind of trading, futures require that you choose the correct market direction, and then put money at risk.

Unlike other kinds of trading, you will be paid out in a given currency, or crypto. While futures were originally used to buy or sell goods or securities at a future date, the vast majority of crypto futures are 'cash settled', which means you will be paid in the account currencies that the exchange offers.

For example, Phemex accepts BTC for deposits, and also will send BTC to your wallet if you want to withdraw value from the exchange. This means that if you make profits with Phemex, the contracts are essentially paid out in BTC.

About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Learn More About Crypto Futures!Ben Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at or contact him on Twitter @BitBoy_Crypto.