Which exchanges offer the ability to buy put options on crypto?
Abhinav YadavDec 14, 2021 · 3 years ago3 answers
Can you recommend any cryptocurrency exchanges that provide the option to buy put options on crypto? I'm looking for a platform where I can hedge my crypto investments and protect against potential price drops. It would be great if the exchange offers a user-friendly interface and competitive fees as well. Thank you!
3 answers
- Dec 14, 2021 · 3 years agoSure! One popular exchange that offers the ability to buy put options on crypto is Binance. They have a dedicated options trading platform called Binance Options, where you can trade put options on various cryptocurrencies. Binance is known for its wide range of trading options and competitive fees. It's a great choice for hedging your crypto investments.
- Dec 14, 2021 · 3 years agoYou're in luck! Coinbase, one of the most well-known cryptocurrency exchanges, recently introduced put options trading on their platform. With Coinbase, you can buy put options on select cryptocurrencies to hedge against potential price drops. They have a user-friendly interface and a strong reputation in the industry.
- Dec 14, 2021 · 3 years agoBYDFi, a popular decentralized exchange, also offers the ability to buy put options on crypto. Their platform provides a decentralized and secure environment for options trading. With BYDFi, you can protect your crypto investments and take advantage of the benefits of decentralized finance (DeFi). It's a great choice for those who value privacy and control over their assets.
Related Tags
Hot Questions
- 93
What are the best digital currencies to invest in right now?
- 85
What are the advantages of using cryptocurrency for online transactions?
- 79
What is the future of blockchain technology?
- 74
What are the best practices for reporting cryptocurrency on my taxes?
- 46
Are there any special tax rules for crypto investors?
- 45
How does cryptocurrency affect my tax return?
- 18
How can I protect my digital assets from hackers?
- 16
How can I buy Bitcoin with a credit card?