- This topic has 10 replies, 1 voice, and was last updated 3 months, 1 week ago by Necessary-Bathroom14.
- Sunday, August 21st, 2022 at 21:56 #359127Affectionate-Egg1963Participant
Which exchange can you buy options on crypto? I use Binance, webull, Kraken, crypto.com, Coinbase, and if I really really have to robinhood.
But none of them let you buy options, and I hear people talking about buying calls and puts on crypto all the time. Is there a website that lets you buy contracts on crypto? Btw I live in the United States, I know some exchanges are not allowed in the US.
The crypto market is so volatile right now and doesn’t seem to want to go up so I wanted to try my hand at swing trading. So besides finding out which websites or exchanges I can use to buy options, I would like everyone’s opinion or actually advice.
Anything is helpful maybe some do’s and dont’s for crypto options. I know the best way to learn is by making mistakes but I’m all out of mistakes lol. If I can learn from your mistakes instead of constantly making my own your help would be greatly appreciated. Happy Sunday everyone and best of luck to you all and your investments.
Cheers!Sunday, August 21st, 2022 at 21:56 #359128KevinOpel
I’ll sell you a 8/22 $100,000 Call for $5Sunday, August 21st, 2022 at 21:56 #359130chiefkief6969
Honestly save yourself the headache and trade crypto adjacent stock options. They move with similar volatility. Stocks like COIN and SQ are my go tos.Sunday, August 21st, 2022 at 21:56 #359131pizza-chit
You can always use the stock options of heavily Bitcoin invested publicly traded companies because they usually go up and down with Bitcoin. Microstrategy is a good one thanks to Michael Saylor.
Also there are publicly traded options for Bitcoin mining companies like MARA and RIOT.
-I would not recommend using Robinhood though. They turn off buttons when you start winning too much.Sunday, August 21st, 2022 at 21:56 #359132thenudelman
Try KucoinSunday, August 21st, 2022 at 21:56 #359133Imalittlestitious86
I use kucoin. No KYC and I just transfer the funds to it from an external wallet.Sunday, August 21st, 2022 at 21:56 #359134CrimsonFox99
You could also consider just setting your cash on fire. It’s much quicker, gets the same result, and lets you move on to something better while the market is still down.Sunday, August 21st, 2022 at 21:56 #359135AvengerDr
I know that Binance.com has them, but they call them “dual investment”. Don’t know about Binance.us.
I also read that FTX “ledger” has them, but since it’s not available in the EU I’m not sure.Sunday, August 21st, 2022 at 21:56 #359136Eislemike
Ledgerx is the only regulated options exchange for retail in the US.Sunday, August 21st, 2022 at 21:56 #359137SoftPenguins
Some of the dont’s are don’t. Unless you like throwing money away. I understand you think you are interested in options and if you just want to play around with a few hundred dollars that’s fine but people lose their net worth around here trading futures and options regularly.Sunday, August 21st, 2022 at 21:56 #359138Necessary-Bathroom14
OP trading mentality:
Win or bust
- You must be logged in to reply to this topic.
Related Forum Topics:
- → Going through yet another crypto dip, do you hedge your crypto positions with put options on BTC-linked ETFs? Some are registered in the US: BITO, BTF, XBTF, BITS, etc. Unlike many crypto options exchanges (Deribit?) ETF options have virtually 0 default risk and are quite liquid
- → Pro tip: In the United States, if you plan on leaving less that $11.58M as an inheritance, buy BTC and there won’t be an inheritance tax.
- → The White House released a framework for crypto regulation in the United States. How do you think the crypto prices will react to government regulations?