Home > 11 Best Crypto Futures Trading Platforms of 2025 > 11 Best Crypto Futures Trading Platforms of 2025
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Written by Michael Hayes
Michael Hayes, a seasoned finance professional, enhanced his expertise by attending executive education programs in Finance at the prestigious Wharton School of the University of Pennsylvania. With a career spanning over 20 years, Michael has gained extensive experience in financial analysis, investment management, and strategic financial planning. His deep understanding of financial markets, coupled with his passion for continuous learning, has made him a trusted advisor in the field
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This article has been reviewed by crypto market experts at SCM to ensure all the content, sources, and claims adhere to the highest standards of accuracy and reliability.
Last Updated on January 23, 2025
BingX and OKX are significant players in this arena, each offering distinct features, fee structures, and user experiences.
In this comprehensive comparison, we will delve into the intricacies of BingX and OKX, evaluating their strengths and weaknesses across critical parameters such as features, fees, and overall user experience.
Whether you are a seasoned trader or a newcomer, this analysis aims to provide valuable insights to help you choose the platform that best meets your trading needs in 2025.
Our 2025's Recommendation 5/5 |
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Feature | BingX | OKX |
---|---|---|
Founded | 2018 by an anonymous group of crypto enthusiasts | 2017 by Star Xu |
Supported Coins | 250+ | 350+ |
Leverage | Up to 150x | Up to 125x |
Trading Volume | High | Very High |
Deposit Methods | Bank Transfer, Credit/Debit Card, Crypto |
Bank Transfer, Credit/Debit Card, Crypto
|
Withdrawal Fees | Varies by coin | Varies by coin |
Trading Fees | 0.10% maker, 0.10% taker |
0.08% maker, 0.10% taker
|
Security Features | 2FA, Cold Storage |
2FA, Cold Storage, Multisignature
|
Order Types | Market, Limit, Stop-Limit, Trailing Stop |
Market, Limit, Stop-Limit, Trailing Stop, Conditional Orders
|
User Interface | User-friendly, Mobile App |
User-friendly, Mobile App
|
Customer Support | 24/7 Live Chat, Email Support |
24/7 Live Chat, Email Support
|
Sign up Bonus | 🔥 Get up to $5000 Sign up Bonus | – |
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When comparing BingX and OKX, examining each platform’s products and services is essential. Both exchanges cater to different trading needs and provide various features and tools.
Feature | BingX | OKX |
---|---|---|
Spot Trading | Yes | Yes |
Futures Trading | Yes | Yes |
Options Trading | No | Yes |
Leveraged Tokens | No | Yes |
Feature | BingX | OKX |
---|---|---|
Staking | Yes | Yes |
NFT Marketplace | No | Yes |
Crypto Lending | No | Yes |
Savings Products | Yes | Yes |
BingX offers straightforward spot and futures trading, which makes it suitable for standard trading activities. It also provides staking and savings products, making it helpful in earning passive income.
OKX stands out with its variety, including options trading and leveraged tokens. The NFT marketplace and crypto lending demonstrate innovation and appeal to users interested in a broader range of financial products.
BingX and OKX offer a diverse range of contract types for cryptocurrency traders. Each platform has its unique features, benefits, and drawbacks.
OKX provides inverse perpetual contracts.
These are settled in the underlying cryptocurrency instead of a stablecoin like USDT. This type allows you to take positions using the base crypto as collateral, which can be advantageous when the price of the cryptocurrency you are trading is rising.
In contrast, BingX does not offer inverse perpetual contracts.
Both BingX and OKX support linear perpetual contracts. These are typically settled in stablecoins, such as USDT, making it easier to calculate profit and loss since the collateral is not as volatile as cryptocurrencies.
Inverse futures contracts are available on OKX. Similar to inverse perpetual, these use the underlying cryptocurrency for settlement and margin. This type is suited for traders looking to leverage their crypto holdings for a future date.
BingX does not feature these contracts.
OKX offers COIN-M futures, where the margin and settlement are in the underlying crypto (like BTC or ETH). This contract type benefits those who prefer holding and trading the same cryptocurrency.
BingX does not provide COIN-M futures.
BingX features USD-M futures, which are settled in USDT. This type is user-friendly for those who want to avoid the fluctuations tied to the underlying cryptocurrency.
OKX also offers similar USDT-settled futures, catering to traders seeking stablecoin-based settlements.
OKX offers a sophisticated set of options contracts, including calls and puts, allowing for strategic trading based on volatility and various market conditions.
BingX does not currently offer crypto options trading.
These offerings present various opportunities depending on your trading strategy and risk tolerance.
Both exchanges offer a diverse range when examining the supported cryptocurrencies on BingX and OKX.
BingX allows trading over 750 cryptocurrencies, ensuring users have a broad selection.
OKX also provides a wide variety of cryptocurrencies to trade.
 | BingX | OKX |
---|---|---|
Spot Trading Cryptos | 750+ | 400+ |
Popular Futures Pairs | BTC/USDT, ETH/USDT, XRP/USDT | BTC/USDT, ETH/USDT, DOGE/USDT |
You can find a variety of options for both spot and futures trading on these platforms.
When comparing BingX and OKX, leverage and margin trading are vital features. Both exchanges allow you to amplify your positions, thereby increasing potential returns.
BingX offers a variety of leverage options. For instance, leverage ratios such as 5:1 or 10:1 enable you to control more prominent positions with a smaller investment. This means you can turn $100 into a buying power of $500 with a 5:1 leverage.
OKX, similarly, provides leverage ratios that can significantly boost your trading capability. A standard leverage ratio here is also 5:1, allowing you to control $5,000 with a $1,000 investment.
Exchange | Max Leverage | Borrowing Power |
---|---|---|
BingX | 10:1 | $1 can control $10 |
OKX | 5:1 | $1 can control $5 |
Margin requirements on both platforms ensure that you have adequate funds to cover potential losses.
If the value of your investment drops below a certain threshold, a margin call is issued. This means you need to add more funds or risk liquidation of your position.
Liquidation risks are present in both exchanges.
On BingX, using high leverage increases the risk of liquidation if the market moves against your position. OKX also has similar risks, where high leverage can lead to swift liquidation in volatile markets.
Funding rates are significant as they affect your trading costs. BingX and OKX’s funding rates vary based on market conditions and can influence your overall trading expenses. Always check the current rates on each platform, as they fluctuate regularly.
You can optimize your trading strategy on BingX or OKX by carefully choosing and managing leverage and margin.
When evaluating cryptocurrency exchanges, trading volume is a critical metric. It influences trading efficiency, execution, and slippage.
OKX generally ranks higher in trading volume than BingX. This is partly due to its earlier establishment and more extensive user base.
With higher trading volumes, you can expect better liquidity. This ensures quicker order execution and minimal slippage.
According to various sources, OKX is often featured in the top tiers of exchange volume rankings. High volume means more buyers and sellers are available.
This reduces the chances of significant price changes when orders are executed.
Metric | OKX | BingX |
---|---|---|
Founded | 2014 | 2018 |
Trading Volume | Higher | Lower |
Liquidity | High | Moderate |
On the other hand, BingX has improved its trading volume since its inception in 2018.
While it does not match OKX, it still offers a competitive trading environment. Lower volume could mean potential slippage for large orders, but competitive fees and an improving user base counter this.
If you prioritize liquidity and trading efficiency, you might favor an exchange with higher trading volumes like OKX. BingX, while not as high in volume, can still offer viable trading conditions depending on your requirements.
Analyzing the fee structures and reward systems of BingX and OKX can provide insights into the profitability and incentives for traders. This includes examining trading fees, potential discounts, and bonuses.
BingX uses a tiered fee system, meaning fees decrease as VIP levels increase.
For typical users, BingX charges a 0.05% taker fee and a 0.02% maker fee for crypto futures trading. As you move up to VIP 5, fees decrease to a 0.03% taker fee and a 0.006% maker fee.
OKX also uses a tiered fee system but with different rates. For example, the maker fee for USDT settlements is typically 0.02%, with a taker fee of 0.075%.
These rates can be further decreased based on your trading volume and the amount of OKB tokens you hold.
Both platforms offer bonuses and discounts.
BingX offers lower fees for higher trading volumes and loyalty rewards. OKX provides fee reductions for holding its native OKB token and conducting larger trades.
When comparing trading fees, BingX generally offers lower taker fees, especially for higher-tier users, which can be attractive if you frequently execute market orders.
OKX tends to have slightly higher fees but offers competitive rates for those holding OKB tokens and trading large volumes.
Both BingX and OKX maintain competitive structures for deposit and withdrawal fees. BingX charges minimal to no deposit fees and a small withdrawal fee depending on the cryptocurrency.
OKX has varying withdrawal fees depending on the asset but typically maintains lower withdrawal fees for common cryptos such as Bitcoin and Ethereum.
Deposit fees are usually non-existent, which is standard across most crypto exchanges.
Using specific examples, if you were to trade $10,000 worth of Bitcoin futures on BingX at a VIP 1 level, you would pay $5 in taker fees.
On OKX, for the same trade volume and token holdings, you might pay about $7.50, depending on the specific discounts applied.
When evaluating the deposit and withdrawal options for BingX and OKX, it’s essential to consider how these aspects impact your overall trading experience.
Supported Currencies:
Payment Methods:
Processing Times:
Minimum and Maximum Amounts:
Feature | BingX | OKX |
---|---|---|
Payment Methods | Cryptocurrencies, Bank Transfer, Credit Card | Cryptocurrencies, Bank Transfer, Credit Card, PayPal |
Processing Times (Deposits) | Crypto: Minutes, Fiat: 1-3 days | Crypto: Minutes, Fiat: 1-2 days |
Processing Times (Withdrawals) | Within 24 hours | Within 24 hours |
Minimum Amounts | Low | Low |
Maximum Amounts | Varies | Varies |
Convenience, speed, and cost are crucial factors in choosing between BingX and OKX. Both platforms offer swift crypto transactions, with slightly varied options and processing times for fiat transactions.
BingX and OKX have native tokens that serve various purposes within their ecosystems.
BingX Native Token:
OKX Native Token:
Fee Discounts:
In-Exchange Utility:
Both exchanges significantly benefit their native token holders, enhancing user experience and engagement within their respective platforms.
The strategic use of native tokens by BingX and OKX underlines their commitment to creating a robust trading ecosystem.
Regarding KYC (Know Your Customer) requirements, BingX and OKX take different approaches, affecting your experience regarding privacy, security, and accessibility.
BingX stands out as a non-KYC crypto exchange. You can deposit, trade, and withdraw without any identity verification. This provides a higher level of privacy and quicker access to trading. However, there are specific limits for unverified users:
OKX requires KYC for enhanced security and higher limits. While you can perform some actions without verification, undergoing KYC unlocks higher limits and additional features. Here are the verification levels and procedures:
The KYC procedures on OKX may take a short time but significantly increase security and reduce the risk of fraud. Both exchanges balance privacy and security, depending on your priorities.
Using these details, you can decide which platform aligns with your personal and trading security preferences.
When assessing the user experience of BingX and OKX, it’s vital to consider multiple aspects such as platform interfaces, mobile app experiences, and feature accessibility.
BingX offers a clean and modern web interface.
Navigation is intuitive, making it easy to find critical features like spot trading, futures trading, and copy trading. To learn more,c heck this BingX tutorial.
OKX also provides a user-friendly interface but tends to have more options and configurations, which might overwhelm beginners.
Both platforms have robust mobile apps available for iOS and Android. BingX’s app is highly rated for its responsive design and smooth performance.
You can quickly execute trades and check market updates.
OKX’s app offers a comprehensive suite of tools, giving you access to various trading options. It might come across as feature-rich, potentially adding complexity for those new to trading.
BingX is known for its straightforward approach. Beginners find it easier to start with BingX due to its simplified navigation and clear instructions.
OKX, being a larger platform, provides more complex functionalities suitable for seasoned traders. You might experience a steeper learning curve with OKX. To know more, check this OKX futures trading tutorial.
Both exchanges prioritize speed and stability.
BingX offers quick load times and efficient trade execution. OKX is equally fast but offers more advanced analytical tools and trading features.
If you seek depth, OKX might align better with your needs.
BingX focuses on a minimalist design aesthetic. Its color scheme and layout are designed to reduce clutter, enhancing your focus on trading.
OKX, while also visually appealing, packs more information onto the screen, which might require you to spend more time navigating through various sections.
Feature | BingX | OKX |
---|---|---|
Ease of Use | Beginner-friendly | Better for experienced users |
Mobile App | Responsive, user-friendly | Feature-rich, more complex |
Design | Minimalist, clean | Informative, detailed |
Speed | Fast, efficient | Quick, comprehensive |
Selecting between BingX and OKX largely depends on your trading experience and your need for advanced tools.
Understanding the range of order types available can significantly enhance your trading experience on BingX and OKX. Both platforms offer various order types to help you execute your trading strategies and manage risks effectively.
Market Order:
Limit Order:
Stop Order:
Conditional Order:
Post-Only Order:
Reduce-Only Order:
BingX prioritizes security, employing features like 100% margin reserves and bank-grade custody solutions. The platform also provides multiple layers of protection to ensure the safety of user funds.
OKX, similarly, emphasizes security. It utilizes advanced encryption technology and cold storage for most user assets. Additionally, OKX offers multi-signature wallets and two-factor authentication (2FA) to enhance account security.
BingX has established itself since its founding in 2018 and has built a reputation for reliability. The exchange supports many cryptocurrencies and provides a stable trading environment.
OKX, operating since 2017, has had a more prolonged presence in the market. This extended tenure generally translates to trust and reliability among its users. OKX has also consistently updated its security protocols to maintain a safe trading platform.
While both exchanges emphasize security, they have had to deal with issues in the past. Any incidents were addressed swiftly with transparent reporting and enhanced measures to prevent future occurrences.
You can rely on BingX and OKX to adhere to stringent security practices to protect user data and funds.
When evaluating BingX and OKX, the insurance fund is a critical element to consider.
BingX: BingX has established an insurance fund to protect traders from potential losses. This fund is a safety net, ensuring users’ funds are secure in extreme market conditions or unforeseen risks.
OKX: OKX also offers a robust insurance fund. It is designed to manage large-scale liquidations and protect traders from significant losses. This fund aims to give users a higher degree of confidence when trading on the platform.
Understanding the insurance fund of BingX and OKX helps you make a more informed decision about which platform best meets your security and risk management needs.
Several factors come into play when comparing customer support between BingX and OKX. Both exchanges offer different levels of service with distinct strengths and weaknesses.
BingX provides customer support through multiple channels. These include live chat, email, and social media. You may find that their live chat option is responsive, often providing quick resolutions to queries.
Support Channel | BingX | OKX |
---|---|---|
Live Chat | Yes | Yes |
Yes | Yes | |
Social Media | Yes | No |
Phone Support | No | No |
OKX also supports users via live chat and email. However, users have reported delays in responses and a lack of multilingual support, primarily limited to Chinese.
For those who prefer social media interactions, BingX offers support on platforms like Twitter and Facebook, making it easier for you to get assistance.
Response Time is another crucial aspect. BingX generally offers quicker responses on their live chat than OKX. Delays in customer service responses can be frustrating, especially when dealing with urgent trading issues.
Language Options: BingX caters to a global audience with multiple language options in customer support. OKX, on the other hand, has faced criticism for its predominantly Chinese-speaking support team, which might limit accessibility for non-Chinese speakers.
Your experience with customer support may vary between BingX and OKX, but if you prioritize quick and multilingual service, BingX might be the better option.
When comparing BingX and OKX regarding regulatory compliance, it’s essential to consider their adherence to laws and ethical standards.
BingX was founded in 2018. As a newer player, BingX has proactively complied with various regulations.
OKX was founded in 2017 and is based in Belize.
 | BingX | OKX |
---|---|---|
Founded | 2018 | 2017 |
Licensing | Multiple jurisdictions | Several international licenses |
Audits | Regular independent audits | Regular audits |
Certifications | – | Various industry certifications |
Challenges | Regional scrutiny | Regulatory challenges in different regions |
Compliance with regulations is a critical aspect when choosing a cryptocurrency exchange. You can make a more informed decision by understanding the regulatory landscapes for BingX and OKX.
For those who prioritize reliability and longevity, OKX might be the better choice. Established in 2017, OKX has a longer track record in the market.
This can be appealing to traders who value stability and a well-established reputation.
If you are looking for lower fees, BingX stands out.
With withdrawal fees below the industry average, it offers a cost-effective option. For instance, the Bitcoin withdrawal fee at BingX is 0.00035 BTC, which is 15.75% lower than the average.
Beginners may find BingX more user-friendly. Its interface is designed to be accessible, making it easier for those new to cryptocurrency trading.
Seasoned traders may prefer OKX for its extensive features. With a comprehensive range of trading types and deposit methods, it caters to more complex trading strategies.
Both exchanges support a wide variety of cryptocurrencies.
Your choice might depend on the specific cryptocurrencies you plan to trade.
Consider your trading style, experience level, and specific needs when choosing between these exchanges.
Whether you prioritize lower fees, user experience, or a long-standing reputation, both BingX and OKX offer valuable features tailored to different types of traders and investors.
Our 2025's Recommendation 5/5 |
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Compare BingX and Phemex with other major exchanges
Michael Hayes, a seasoned finance professional, enhanced his expertise by attending executive education programs in Finance at the prestigious Wharton School of the University of Pennsylvania. With a career spanning over 20 years, Michael has gained extensive experience in financial analysis, investment management, and strategic financial planning. His deep understanding of financial markets, coupled with his passion for continuous learning, has made him a trusted advisor in the field
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