Growing popularity and attractive returns have given a boost to Bitcoin options trading in recent years. Investors who want high returns with relatively small capital are using crypto options trading to achieve their investment goals.
Finding the best options trading platform, however, isn’t always easy. To select the right crypto option trading platform, you need to consider several factors, including cost, the quality of the interface, and the platform’s ability to meet your financial needs.
Short on time? Here are the 5 best Bitcoin options trading platforms at a glance.
New users can earn rewards worth 100 USD {terms and conditions apply)
New users can earn rewards worth 100 USD {terms and conditions apply)
- The worlds largest and most popular crypto exchange
- Trade, earn or spend 370+ cryptocurrencies
- Grow your portfolio with trading bots, derivatives, lending and NFTs
Complete tasks to receive up to 55 USDT (terms and conditions apply)
Complete tasks to receive up to 55 USDT (terms and conditions apply)
- Trade and earn with more than 300 cryptos
- Grow your portfolio with trading bots and passive income strategies
- Go long or short with derivatives and futures
Trade up to $10k per month without incurring trading fees on the consumer app via Kraken+
Trade up to $10k per month without incurring trading fees on the consumer app via Kraken+
- Trade 260+ cryptos
- Deposit with debit, credit or bank transfer
- Earn passive income on your crypto with staking
- All registered clients enjoy the new Kraken+ for free
Sign up, deposit $100, trade $10 to get $50 rewards (terms and conditions apply)
Sign up, deposit $100, trade $10 to get $50 rewards (terms and conditions apply)
- Trade 500+ cryptos with leverage
- Deposit with credit, debit or bank transfer
- Grow your portfolio with trading bots, copy trading and staking
A quick look at the top Bitcoin options trading platforms in 2025
| Exchange | Number of pairs/markets | Maker/taker fees | Other fees |
| Binance | 1000+ | Maker: 0.03% Taker: 0.03% | Transaction fee: 0.03% Exercise fee: 0.015% |
| OKX | 700+ | Maker: 0.03% Taker: 0.03% | N/A |
| Kraken | 800+ | Maker: 0.12% Taker: 0.22% Starting rates for 30-day trading volume under $100,000 | N/A |
| Bybit | 300+ | Maker: 0.02% Taker: 0.03% | Transaction fee varies depend ing on VIP level |
A closer look at the best Bitcoin option trading sites
Now that you have an idea of the best options trading platforms, let’s understand what makes these platforms special.
1. Binance – The best Bitcoin options trading platform overall
Binance is one of the leading and most comprehensive cryptocurrency exchanges, particularly excelling in the field of crypto options trading.
Binance’s high liquidity is one of its core strengths, ensuring smooth and efficient trades even when the market isn’t very active. Moreover, the exchange supports a comprehensive range of cryptocurrencies to facilitate options trading.
What makes Binance better than others is that it offers options for settlement in stablecoins. Such a feature minimizes collateral risks from market volatility and allows traders to calculate costs and potential profits more accurately.
Unlike futures trading, which requires full margin, Binance only charges options premium to lower traders’ overall costs. Additionally, the exchange supports an array of trading strategies with multiple strike prices and expirations to meet the needs of all types of options traders.
Binance rating: 9.0/10
Pros
- Extensive trading options
- Industry-leading security measures, such as 2FA, encryption and more
- Has an emergency fund to safeguard user funds in case of security breaches
- AI-based risk control system
Cons:
- Follows less flexible European-style contract
- Average customer support
2. OKX – The best Bitcoin options trading platform for beginners
OKX is fast emerging as a popular choice for options traders, especially beginners. With its cutting-edge security protocols and a wide range of services, the platform serves millions of users worldwide.
The platform has a “Simple Options” feature to make crypto options trading easy for beginners. This feature guides users through the complex options trading world in plain and simple language, suggesting the most suitable contracts based on the user-selected coin pair, target amount, and price prediction.
Besides serving beginners, OKX has an Options Chain for experienced traders and an RFQ system for large or customized orders. Additionally, the platform offers several risk management tools to support safe trading.
OKX’s platform features a clean and efficient design, which makes it easy for users to access critical data, such as price, bid, ask and more. Moreover, the platform has a separate options chain for Bitcoin and Ethereum to make navigation easier.
OKX rating: 9.0/10
Pros
- Uses Black-Scholes model
- Separate options trading feature for beginners
- Competitive fees
Cons:
- Tiered system may be confusing
- Supports only BTC and ETH options
3. Kraken – The best Bitcoin options trading platform for advanced traders
Kraken is a centralized platform known for its strong security protocols and efficient trading experience. Beyond standard trading, the exchange offers several ways for users to make money, such as through Ethereum staking or staking Kraken’s native token, KRAK.
Kraken offers options trading to OTC clients in certain jurisdictions. Users can trade options separately or in combination with other strategies, such as with netted pricing and collateral requirements. The platform supports vanilla puts and calls with standardized expirations or bespoke contracts with customizable terms. Crucially, there are no fees for options trading.
Kraken has a user-friendly interface that makes navigation simple and intuitive. Users will find the exchange easy to use and accessible whether they are managing accounts, executing trades or exploring advanced trading features. Moreover, the exchange supports multi-chain trading, thereby allowing users to trade across different blockchain ecosystems.
Kraken rating: 9.5/10
Pros
- Multiple opportunities to earn
- User-friendly interface
- Focus on security
- Multiple advanced trading features: Kraken Pro offers several advanced trading features, including margin trading, perpetual futures, tools for technical analysis, advanced order types and custom alerts.
Cons:
- Limited geographic availability, With Maine, Washington and New York all restricted
- Minimum of $100,00 for the OTC
4. Bybit – The best Bitcoin options trading platform for seamless trading experience
Bybit is one of the best crypto exchanges for options trading, allowing contracts on BTC, ETH, and SOL with various expiration intervals. The exchange offers European-style contracts, exclusively margined and settled in USDC to minimize market volatility risk.
Bybit offers a seamless trading experience with its Unified Trading Account (UTA). The UTA is an all-in-one model, allowing users to trade spot, futures, and options trading under one roof. Moreover, the UTA also allows traders to use unrealized profits as margins for trading across different product types.#
Bybit offers tools to support all types of users, including “Option Explore” and “Easy” to simplify learning for beginners, and “Option Pro” to boost the trading experience of experienced users.
Bybit’s dedication to customer support is another thing that makes it popular among users. The customer support on the platform is available 24/7 through live chat, email, and social media. Additionally, the platform has a comprehensive knowledge base and how-to videos, making it easier for new users to learn options trading.
Bybit rating: 9.0/10
Pros
- 24/7 customer support
- Tools for both beginners and experienced traders
- One platform for spot, futures, and options trading
- Fast execution speed
Cons:
- Not available in the US
- Beginners may find the platform complex
The pros and cons of investing in Bitcoin options
Understanding the pros and cons of Bitcoin options trading plays a crucial role in maximizing your trading profits and minimizing risks. Here are some key points to be aware of:
Pros
- Hedging: Trading options is one of the best hedging tools, as it may protect investors from potential price drops and minimize potential losses in volatile crypto markets.
- Leverage: Options have the potential to amplify returns, as they allow you to control a larger position in the underlying asset with just a small capital investment. Losses may also be amplified, making it crucial for investors to practice risk management.
- Flexibility: There are different types of options, each with a different strike price and settlement date. Such variety gives traders the flexibility to customize their strategies according to market conditions.
- Limited risk: Unlike in spot trading, where your losses can be substantial, the maximum loss for option buyers is limited to the premium paid for the option.
- Speculation and diversification: Options allow traders to profit by correctly predicting price movements without owning the underlying asset. Moreover, options trading allows investors to diversify their portfolios to reduce their overall risk exposure.
Cons:
- High volatility: Cryptocurrencies are known to be volatile. Rapid and unpredictable price swings in the crypto market can result in significant losses for traders, especially inexperienced traders.
- Lack of regulation: The crypto market is still new and, thus, less regulated than traditional options markets. Investors are exposed to potential scams and market manipulation.
- Complexity: Options trading is comparatively more complex than spot trading. Thus, investors must have a deep understanding of strategies and market dynamics to maximize their gains.
- Limited liquidity: Some crypto options may lack sufficient trading volume, making it harder for traders to enter or exit positions at desired prices.
How to buy and sell Bitcoin options
Buying and selling Bitcoin options is different from trading spot Bitcoin. There are several different aspects that you need to consider when trading Bitcoin options. Follow the below steps to buy and sell Bitcoin options:
Select an exchange
When selecting an exchange, make sure that it supports crypto options. It is also crucial that you select a reputable exchange that offers all the features you need and has minimum charges.
Create an account and deposit funds
Once you have selected an exchange, register by completing all the verification processes. Next, deposit money in your new account by using one of the exchange’s available fiat funding options. You can also deposit cryptocurrency in your exchange account.
Learn the basics
Before placing your first order, you must understand options trading and Bitcoin. You must know what drives Bitcoin’s price and what trading strategies best suit your risk/return profile. The more you understand the fundamentals, the more profits you make as a derivatives trader.
Practice using a demo account
Before risking your hard-earned real money, it is recommended that you test your trading strategies on a demo account. Using a demo account will also help you to learn how to buy Bitcoin options. Using a demo account will make you comfortable with the trading environment and help you understand the options mechanism.
Place your first order
You are now ready to place your first order. You should start with small trades to familiarize yourself with the platform and options market. You can raise the bets once you gain confidence.
How I rate and review crypto option trading sites (Methodology)
I considered more than 15 crypto option trading sites to come up with my top picks. Each site was ranked and scored on more than 20 user-centric factors. Finally, I used the sum total of each site on each factor to come up with the best options trading platform.
Some of the primary factors used are:
Security
Security is the biggest concern of crypto investors. A reliable exchange must implement robust security measures, such as two-factor authentication, strict verification processes, cold storage of assets, some level of insurance coverage, and encryption. Selecting a platform with a solid track record gives you peace of mind.
Regulation
Different jurisdictions have different rules regarding crypto trading. I made sure that all platforms in my list comply with the regulations. An exchange that follows all regulations ensures stability and protects your money and information from potential fraud or scams.
Fees
Trading fees vary widely between exchanges and can significantly impact your profits. Thus, platforms with minimum and transparent fee structures scored high on our list. You must take into account your trading frequency and volume, as some platforms offer lower fees for higher monthly trading volumes.
Liquidity
An exchange with a high trading volume ensures that you can easily buy and sell cryptocurrencies. I made sure that all the exchanges on my list have high liquidity, which ensures quick transactions and stable prices.
User interface
Irrespective of your trading experience, a platform with an intuitive and user-friendly interface can make your trading experience seamless and less cumbersome. Moreover, a platform offering comprehensive tools and real-time data can greatly enhance decision-making and trading efficiency. Such platforms ranked high on my list.
Supported cryptocurrencies
Most exchanges support options only for popular coins, such as Bitcoin and Ethereum. However, if you want to trade options of other coins, you must select an exchange that offers more than BTC and ETH options. Though most platforms in my list support BTC and ETH, there are a few platforms that support other coins as well.
Customer support
Active and informative customer support is crucial for a positive user experience, especially for new traders. Thus, I focused on platforms that offer 24/7 support through several networks, including live chat, email, and phone. Additionally, exchanges with positive user reviews scored high on my list.
Conclusion
Crypto option trading is complex and risky, considering the relatively new and illiquid nature of the crypto market. However, selecting the right Bitcoin options trading platform can make options trading much easier, especially for new traders.
Thus, you must select a platform that closely meets all your trading needs in terms of fees, security, customer support and more. Additionally, you also need a solid understanding of trading strategies and a deep grasp of how the market operates to make an impact in the crypto options market.
FAQs
Can you trade options on Bitcoin?
Do any Bitcoin ETFs have options?
Is Bitcoin a good investment option?
References
- Introducing the Kraken OTC Desk; Support.kraken.com
- How to Get Started With Easy Options; Option Pro; Bybitglobal
