Our recommendation: Trading at Investby
Our recommendation: Trading at Investby
- The broker provides an Islamic Account
- It provides a dedicated account manager
- Receive customised investment news
- Trade with a variety of assets
- There’s no deposit limit
Bitcoin futures could be great for a quick return. Specifically, CME Bitcoin Futures could help you bet on the price of the digital token. With this financial product, you have the opportunity to benefit from rising, falling and stagnating exchange rates.
Futures are usually only traded by experienced traders. How to buy Bitcoin futures This article will clarify what exactly these Bitcoin futures are all about and what you have to pay attention to.
In this section, we want to deal with a wide variety of Bitcoin futures. In the following, both CME Bitcoin Futures and CBOE Bitcoin Futures are presented. We recommend trading through ETFinance in both cases.
In the following, we have listed three different CME Bitcoin Futures for you in a table when CME is the world’s largest derivatives exchange.
|CLEARING||GLOBEX||CLEARPORT||product||EXCHANGE||PRODUCT GROUP||SUBGROUP||CLEARED AS||VOLUME||OPEN INTEREST|
|MBT||MBT||MBT||Micro Bitcoin Futures||CME||Equities||US index||Futures||22.731||34.640|
|BTC||BTC||BTC||Bitcoin futures||CME||Equities||US index||Futures||11,922||8.507|
|BTC||BTC||BTC||Options on Bitcoin Futures||CME||Equities||US index||Options||40||1,314|
Cboe Bitcoin Futures
Cboe offers a total of 180,000 different futures that can be traded. This is a European derivatives trader who is nowhere near as important as the CME exchange.
This is a UK exchange where you can trade Bitcoin Certificates. The focus here is on short terms and high leverage. This exchange is particularly suitable for speculators.
You can buy Bitcoin futures on many exchanges and a wide variety of brokers. Below we compare several different brokers. We recommend the online broker ETFinance if you want to trade Bitcoin futures. Our test winner offers its users very favourable conditions.
In principle, you can now buy Bitcoin futures on more and more exchanges. However, we recommend our test winner ETFinance for the purchase, as this results in excellent conditions. For this, you have to register first. In this step-by-step guide, we will guide you through this process.
Please use our links to register. Then click on the green button on the platform with the label “Register now”. Fortunately, the registration process does not take longer than 1 to 2 minutes. To do this, you have to disclose personal data about yourself. This includes your salary, your trading experience and your risk tolerance.
The custody account is also free of charge. However, not every broker offers such conditions.
We can use various service providers for the deposit. Only paying out profits is chargeable and costs $ 5. In addition, you should note that there is a minimum volume of $ 200 that you must not go below when making a deposit.
In the following table, you can see which different payment options are included in the offer. After that, you can buy bitcoin futures like CME bitcoin futures.
|Buy Bitcoin Futures with a credit card||✔️|
|Buy Bitcoin Futures with PayPal||✔️|
|Buy Bitcoin Futures with Skrill||✔️|
|Buy bitcoin futures with bank transfer||✔️|
|Buy Bitcoin Futures with Neteller||✔️|
|Buy Bitcoin Futures with UnionPay||✔️|
In the last step, you can now take action. You can either search for a Bitcoin Future in the search bar by entering the abbreviation “BTC” or search for a Bitcoin Future via the “Markets” category.
Note that there are no safe wins. Even if you are offered favourable conditions on ETFinance, you can still lose your money. So it would help if you were especially careful with high-risk investments like Bitcoin futures.
Only invest capital that you do not need. Bitcoin can now be traded in several ways. On the one hand, it is possible to invest in cryptocurrency directly by taking the token into your wallet or using leverage to complete a CFD trade.
This is almost the same as a derivative, and so you can buy a Bitcoin Future in this way.
If you Bitcoin futures now buy or not? In this section, we compare the advantages and disadvantages to decide based on your situation.
The advantages outweigh the disadvantages here only if you are a speculative investor. Bitcoin futures carry a certain risk potential. Be aware of that.
Here you have an overview of the Bitcoin futures price in real-time. It is a candlestick chart that is very popular with traders.
This Bitcoin Future chart in real-time is the price of Bitcoin futures from May 2021st
A total of 25% tax is due on all capital gains. This is the capital gains tax. At the moment (2021), there is a debate about the introduction of further taxes. So the tax situation could change in the future.
Investing in Bitcoin futures is, of course, not possible without costs. In the following overview, we want to examine the costs of this financial product with three different brokers.
For the example with trading Bitcoin futures, the following requirements apply:
In this example, we compare the fees of Libertex, ETFinance & Plus500 :
|Deposit||for free||free||for free|
|Purchase fees||€ 2.20||free||€ 2.54|
|Holding fees||for free||free||for free|
|Sales charges||€ 2.20||spreads||€ 2.54|
|Total fees||€ 4.40||Reasonable||€ 5.08|
Bitcoin futures, of course, also have leverage. Here the stake is multiplied without the money being deposited. If the price rises by 2%, your long future rises by a total of 8% with leverage of 4X. The same game works the other way around.
A mini future is a future for which there is no limited expiry time. The purchase price of the underlying is also divided between the issuer and the buyer.
Mini futures are different from traditional futures contracts and warrants. The issuer also determines the financing level, the stop loss and the subscription ratio.
With a Mini Future Short, you bet on falling prices of the underlying asset. A Bitcoin Mini Future Long, on the other hand, relies on rising prices.
Short futures, in particular, are considered risky. Therefore, traders use various day trading indicators to see whether they should buy the Bitcoin Mini Future as a short or long version.
A Bitcoin Long Future is a futures contract in which you bet on the rising Bitcoin price. You can see that from the word “Long”. This tells you that you win money when the prices go up. However, if Bitcoin prices fall, you lose money.
We, therefore, recommend trading futures on ETFinance, as the conditions offered are excellent. In addition to various analysis tools such as real-time prices and key figures, you have the option of using the CopyTrader.
This is a feature that allows your account to mimic the trades of experienced and professional investors automatically.
In this context, one also speaks of social trading. Inexperienced investors, in particular, can benefit from this. Furthermore, ETFinance also has a mobile app that works on iOS systems and Android systems. Here, you have the option of exercising all functions that you could also exercise with the web-based version.
We have had very good experiences with Bitcoin Futures, especially on ETFinance. This is due to the reduced costs, the live courses and the flexibility with the app. However, the Bitcoin futures themselves are so precarious that there have already been high returns and high losses.
It is actually a purely speculative investment. We recommend buying Bitcoin Futures only when you have money to spare that you don’t need. Always remember that this is a high-risk financial product.
A Bitcoin Future is a futures contract that has Bitcoin as the underlying asset. It is a speculative investment.
The price of Bitcoin is crucial. You can benefit from falling, rising and stagnating prices if you could buy the right Bitcoin Future.
There are expiring Bitcoin futures with a fixed date and those without fixed dates. In the case of contracts with fixed dates, the date is set in advance.
Bitcoin futures can be traded on the stock exchange. We recommend the online broker ETFinance, as you get excellent conditions here.
A trusted broker will contact you today.