[{"data":1,"prerenderedAt":332},["ShallowReactive",2],{"api/learn-center-post-en-GB-how-to-trade-cryptocurrency-derivatives-a-beginners-guide":3,"en-gb/learn/crypto-trading/how-to-trade-cryptocurrency-derivatives-a-beginners-guide-en-GB-seo":63,"footer-en-GB":68,"navigation-en-GB-learn-center":241,"api/learn-categories-en-GB":292},{"seo":4,"locale":28,"breadcrumbs":29,"excerpt":37,"featuredImage":38,"components":45,"title":5,"formattedPublishedAt":56,"geofencings":57,"category":58,"pagination":60,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"How to Trade Cryptocurrency Derivatives: A Beginner’s Guide","How to Trade Cryptocurrency Derivatives: A Beginner’s Guide ","A comprehensive guide for beginners looking to start trading cryptocurrency derivatives. It will cover the basics and key terminology.",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/derivatives_beginner_guide_1png_840678124a_18efa7ccde.png","image/png",".png",900,451,"derivatives_beginner_guide_1png_840678124a.png","",[],[20,23,26],{"pathname":21,"locale":22},"/learn/crypto-trading/how-to-trade-cryptocurrency-derivatives-a-beginners-guide/","en",{"pathname":24,"locale":25},"/es/learn/crypto-trading/how-to-trade-cryptocurrency-derivatives-a-beginners-guide/","es",{"pathname":27,"locale":28},"/en-gb/learn/crypto-trading/how-to-trade-cryptocurrency-derivatives-a-beginners-guide/","en-GB",[30,34],{"id":31,"text":32,"url":31,"asUrl":33},"/learn/crypto-trading/","Crypto trading",true,{"id":35,"text":5,"url":27,"asUrl":36},"how-to-trade-cryptocurrency-derivatives-a-beginners-guide",false,"\u003Cp>\u003Ca href=\"/en-gb/learn/crypto-trading/what-are-derivatives/\">Derivatives\u003C/a> are financial tools used to trade their underlying assets.\u003C/p>\n",{"url":39,"mime":40,"ext":41,"width":42,"height":43,"name":44,"alt":17},"bitstampImageUrl/derivatives_beginner_guidesvg_9b9d515fb5_b07cada22a.svg","image/svg+xml",".svg",1920,1081,"derivatives_beginner_guidesvg_9b9d515fb5.svg",[46],{"component":47,"props":48,"content":49,"secondaryContent":53,"ctas":54,"secondaryCtas":55,"ctasNoMarginTop":36},"section.full-text",{"centered":36,"withoutSectionContainer":36},{"text":50,"width":51,"align":52},"\u003Cp>\u003Ca href=\"/en-gb/learn/crypto-trading/what-are-derivatives/\">Derivatives\u003C/a> are financial tools used to trade their underlying assets.\u003C/p>\n\u003Ch2>Definition and types of cryptocurrency derivatives\u003C/h2>\n\u003Cp>Although there are multiple types of derivatives, they are all based on the same fundamental structure: a contract between two parties. Like any legal contract, derivatives allow two parties to agree on terms to exchange value and “underlying” assets—meaning stocks, bonds, commodities, and \u003Ca href=\"/en-gb/learn/crypto-101/what-is-cryptocurrency/\">cryptocurrencies\u003C/a>. Traders buy and sell these contracts for agreed-upon prices (giving them their own value) which are based on changes in value of their underlying assets, and often with a significant degree of \u003Ca href=\"/en-gb/learn/crypto-trading/what-is-leverage-trading/\">leverage\u003C/a>.\u003C/p>\n\u003Cp>This guide details the main concepts needed to understand how to trade cryptocurrency derivatives. It includes key terminology and explains general approaches to derivatives trading, but it is not a total strategy for implementing these complex strategies.\u003C/p>\n\u003Ch2>Types of derivatives\u003C/h2>\n\u003Cp>The derivatives market is much more mature for traditional assets (like stocks) when compared to cryptocurrencies. However, the concepts largely translate to the digital space. There are multiple types of derivatives available to trade in crypto markets:\u003C/p>\n\u003Cul>\n\u003Cli>\u003Cstrong>Futures\u003C/strong> are contracts that specify an asset’s price on a future date, allowing traders to speculate on how an underlying asset will change over time. Buyers of \u003Ca href=\"/en-gb/learn/crypto-trading/what-are-futures/\">futures\u003C/a> contracts are obligated to buy a predetermined amount of the asset at that set price from the seller (unless they sell the contract first).\u003C/li>\n\u003Cli>\u003Cstrong>Options\u003C/strong> are similar to futures, as they also detail an agreement to buy/sell an asset at a certain price at a specific date in the future. However, the buyer of an options contract is not obligated (and can choose) to execute the contract before the parameters are met.\u003C/li>\n\u003Cli>\u003Cstrong>Perpetual swaps,\u003C/strong> also called \u003Ca href=\"/en-gb/learn/crypto-trading/what-are-perpetual-futures-contracts/\">\u003Cstrong>perpetual futures\u003C/strong>\u003C/a> or simply \u003Cstrong>perpetuals (perps)\u003C/strong>, are more common in crypto than they are in traditional finance, and they dominate crypto derivatives trading. They allow traders to speculate on price movement of crypto assets (up/down) without a specific date in the future. Since traditional futures must be “rolled” based on their expiration dates, perpetuals are more efficient.\u003C/li>\n\u003C/ul>\n\u003Ch2>Key terms and concepts\u003C/h2>\n\u003Cp>Before diving into derivatives trading, there are several key terms traders should be familiar with, including:\u003C/p>\n\u003Cul>\n\u003Cli>\u003Ca href=\"/en-gb/learn/crypto-trading/what-is-leverage-trading/\">\u003Cstrong>Leverage\u003C/strong>\u003C/a> – One of the main uses for derivatives is to increase the opportunity to create profit. This is done through leverage, which is the strategy of borrowing funds with which to trade. In other words, leverage is trading with money that doesn’t belong to the trader. Instead, they borrow it from a broker or a pool of other traders (depending on the model). Leverage is often expressed as a ratio (like 10:1) or as a multiple (like 10x), describing the amount one can trade compared with the required funds they must put forward as collateral.\u003C/li>\n\u003Cli>\u003Cstrong>Hedging\u003C/strong> – Another use for derivatives is to hedge. Because of their unique ability to generate profits if an asset’s price moves either up or down, traders can more discretely mitigate the risk associated with large swings in price—especially to the downside.\u003C/li>\n\u003Cli>\u003Cstrong>Margin\u003C/strong> – In the 10:1 leverage ratio above, the “1” refers to the margin required to make the trade. Margin is the collateral put up by the trader to guarantee the borrowed funds in a leveraged trade. Trading this way is called “trading on margin.”\u003C/li>\n\u003Cli>\u003Cstrong>Contracts\u003C/strong> – Just like the fundamental unit of stock is a share, the individual unit of a derivative is a contract. Traders can buy/sell one or multiple contracts at a time, and each contract may represent multiple units of the underlying asset (creating the opportunity for leverage).\u003C/li>\n\u003Cli>\u003Cstrong>Liquidation\u003C/strong> – Because of the leveraged nature of derivatives, they come with more risks to both traders and the parties “fronting” the borrowed funds—often \u003Ca href=\"/en-gb/learn/crypto-trading/how-does-a-crypto-exchange-work/\">centralized exchanges\u003C/a> or \u003Ca href=\"/en-gb/learn/web3/what-are-liquidity-pools/\">decentralized community pools of tokens\u003C/a>. To defray this risk, derivatives markets have a safeguard. If the value of the underlying asset moves enough against a trader’s position, the trader’s collateral will be \u003Cem>liquidated\u003C/em> and forfeited by the trader.\u003C/li>\n\u003C/ul>\n\u003Ch2>Steps to start trading derivatives\u003C/h2>\n\u003Ch3>Understand the market and financial tools you’re using.\u003C/h3>\n\u003Cp>Review educational materials about the derivative you’re trading (\u003Cem>e.g\u003C/em>., futures, options, or swaps). The platform you’re using should also have a way to learn about their specific system. Research into market trends, news, and even \u003Ca href=\"/en-gb/learn/crypto-trading/what-is-technical-and-fundamental-analysis/\">technical analysis\u003C/a> often go into trade decision-making. Always understand the risk that you’re accepting with trades, whether it is with derivatives or otherwise.\u003C/p>\n\u003Ch3>Pick a platform\u003C/h3>\n\u003Cp>Some centralized crypto exchanges provide the opportunity to trade derivatives/leveraged products. Meanwhile, decentralized platforms like \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-dydx/\">dYdX\u003C/a> and \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-perpetual-protocol-perp/\">Perpetual Protocol\u003C/a> are built on existing blockchain networks like \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-ethereum-eth/\">Ethereum\u003C/a> and powered by \u003Ca href=\"/en-gb/learn/crypto-101/what-are-smart-contracts/\">smart contracts\u003C/a>. Most platforms provide a user interface that is as simple as offering “long” and “short” trade options with a range of leverage. Traders are encouraged to assess platforms’ depth of liquidity (how many traders are active in trading a specific product), fee structure, regulatory compliance, and security.\u003C/p>\n\u003Ch3>Start small\u003C/h3>\n\u003Cp>It is important to learn the dangers of derivatives trading before putting a large sum of funds at risk. So, most traders start small and with a specific plan based on what they have learned from educational materials. For instance, even if a platform offers up to 20x leverage, traders may start with a relatively small 3x position to understand how their trades react to market action.\u003C/p>\n\u003Ch3>Scale responsibly\u003C/h3>\n\u003Cp>With experience comes confidence, but derivatives trading is still a risky exercise in speculation. Scaling up position size and amount of leverage must be done with caution.\u003C/p>\n\u003Ch2>Tips for beginners to minimize risk\u003C/h2>\n\u003Cul>\n\u003Cli>As stated above, start small and scale responsibly. Beginner derivatives traders must have a healthy respect for the two levers of these strategies: \u003Cem>position size\u003C/em> and \u003Cem>amount of leverage\u003C/em>. Early on, both position size (how much value per trade) and amount of leverage should be small, and they should only be increased with greater understanding of derivatives. It is also reasonable to increase either position size \u003Cem>or\u003C/em> amount of leverage at a time, and not increase both simultaneously with subsequent trades.\u003C/li>\n\u003Cli>Dedicate only a portion of your portfolio to derivatives trading. This will smooth portfolio risk, as risk exposure is higher for some funds but lower for others.\u003C/li>\n\u003Cli>Pick a strategy and stick to it. That means setting goals for each trade’s gains and accepting a certain stop-loss. This is especially important with perpetuals, since there is no expiration date to these derivatives contracts. By taking profits when a trade goes well, you do not risk leaving a trade “on the table” too long and erasing those profits with unexpected market moves. On the other hand, setting a maximum loss to a trade can help avoid liquidation.\u003C/li>\n\u003C/ul>\n","full","left",{"text":17},[],[],"July 29th, 2024",{},{"title":32,"url":31,"geofencings":59},{},{"previous":61,"next":62},"/en-gb/learn/crypto-trading/how-to-hedge-cryptocurrency-investments-using-derivatives/","/en-gb/learn/crypto-trading/how-to-use-fibonacci-retracements-and-extensions/",{"description":7,"ogDescription":7,"ogImage":64,"twitterImage":64,"twitterSite":65,"twitterCreator":65,"twitterCard":66,"twitterTitle":6,"twitterDescription":7,"titleTemplate":67},"https://assets.bitstamp.net/msc/_ipx/enlarge_true&f_png&fit_cover&q_85&s_1200x630/bitstampImageUrl/derivatives_beginner_guide_1png_840678124a_18efa7ccde.png","@Bitstamp","summary_large_image","%s",{"ready":33,"sections":69,"disclaimer":239,"copyright":240},[70,108,121,144,181,200],{"title":71,"content":17,"items":72},"About",[73,78,83,88,93,98,103],{"noFollow":33,"isExternal":36,"name":74,"value":75,"isEmail":36,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":76,"geofencings":77},"Who We 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Pulse","/crypto-pulse/",{},{},{"title":182,"content":17,"items":183},"Address",[184,188,192,196],{"noFollow":36,"isExternal":36,"name":185,"value":17,"isEmail":36,"isPhoneNumber":36,"isText":33,"showOnDesktop":33,"showOnMobile":33,"attachment":186,"geofencings":187},"Bitstamp Ltd",{},{},{"noFollow":36,"isExternal":36,"name":189,"value":17,"isEmail":36,"isPhoneNumber":36,"isText":33,"showOnDesktop":33,"showOnMobile":33,"attachment":190,"geofencings":191},"5 New Street Square",{},{},{"noFollow":36,"isExternal":36,"name":193,"value":17,"isEmail":36,"isPhoneNumber":36,"isText":33,"showOnDesktop":33,"showOnMobile":33,"attachment":194,"geofencings":195},"London, EC4A 3TW",{},{},{"noFollow":36,"isExternal":36,"name":197,"value":17,"isEmail":36,"isPhoneNumber":36,"isText":33,"showOnDesktop":33,"showOnMobile":33,"attachment":198,"geofencings":199},"United Kingdom",{},{},{"title":201,"content":17,"items":202},"Contact",[203,208,212,216,220,224,229,234],{"noFollow":36,"isExternal":36,"name":204,"value":205,"isEmail":36,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":206,"geofencings":207},"Customer support","/customer-support/",{},{},{"noFollow":36,"isExternal":36,"name":209,"value":209,"isEmail":33,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":210,"geofencings":211},"info@bitstamp.net",{},{},{"noFollow":36,"isExternal":36,"name":213,"value":213,"isEmail":33,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":214,"geofencings":215},"press@bitstamp.net",{},{},{"noFollow":36,"isExternal":36,"name":217,"value":217,"isEmail":33,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":218,"geofencings":219},"support@bitstamp.net",{},{},{"noFollow":36,"isExternal":36,"name":221,"value":221,"isEmail":33,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":222,"geofencings":223},"complaints@bitstamp.net",{},{},{"noFollow":36,"isExternal":36,"name":225,"value":226,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":227,"geofencings":228},"+44 20 3868 9628","+442038689628",{},{},{"noFollow":36,"isExternal":36,"name":230,"value":231,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":232,"geofencings":233},"+1 800 712 5702","+18007125702",{},{},{"noFollow":36,"isExternal":36,"name":235,"value":236,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":237,"geofencings":238},"+352 20 88 10 96","+35220881096",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"items":242,"ready":33,"platformButtonText":288,"backButtonText":289,"logInButtonText":290,"signUpButtonText":291},[243,248,254,257,261,266,271,274,279,284],{"headerName":244,"sidemenuName":125,"url":245,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":246,"submenu":247,"tag":17},"Institutions","/en-gb/institutional-trading/",{},[],{"headerName":249,"sidemenuName":249,"url":250,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":251,"submenu":252,"tag":253},"Derivatives","/perpetual-futures/",{},[],"NEW",{"headerName":140,"sidemenuName":140,"url":141,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":255,"submenu":256,"tag":17},{},[],{"headerName":258,"sidemenuName":258,"url":113,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":259,"submenu":260,"tag":17},"Mobile App",{},[],{"headerName":262,"sidemenuName":262,"url":263,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":264,"submenu":265,"tag":17},"Markets","/markets/",{},[],{"headerName":267,"sidemenuName":267,"url":268,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":269,"submenu":270,"tag":17},"Earn Stake","/en-gb/crypto-staking/",{},[],{"headerName":117,"sidemenuName":117,"url":118,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":272,"submenu":273,"tag":17},{},[],{"headerName":275,"sidemenuName":275,"url":276,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":277,"submenu":278,"tag":17},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":280,"sidemenuName":280,"url":281,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":282,"submenu":283,"tag":17},"Learn","/learn/",{},[],{"headerName":285,"sidemenuName":285,"url":113,"noFollow":36,"showInHeader":36,"showInSidemenu":33,"geofencings":286,"submenu":287,"tag":17},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[293,297,301,305,309,312,316,320,324,328],{"title":294,"url":295,"geofencings":296},"Blockchain technology","/en-gb/learn/blockchain/",{},{"title":298,"url":299,"geofencings":300},"Company profiles","/en-gb/learn/company-profiles/",{},{"title":302,"url":303,"geofencings":304},"Crypto 101","/en-gb/learn/crypto-101/",{},{"title":306,"url":307,"geofencings":308},"Crypto definitions","/en-gb/learn/crypto-definitions/",{},{"title":32,"url":310,"geofencings":311},"/en-gb/learn/crypto-trading/",{},{"title":313,"url":314,"geofencings":315},"Cryptocurrency guide","/en-gb/learn/cryptocurrency-guide/",{},{"title":317,"url":318,"geofencings":319},"People profiles","/en-gb/learn/people-profiles/",{},{"title":321,"url":322,"geofencings":323},"Security","/en-gb/learn/security/",{},{"title":325,"url":326,"geofencings":327},"Tutorials","/en-gb/learn/bitstamp-tutorials/",{},{"title":329,"url":330,"geofencings":331},"Web3","/en-gb/learn/web3/",{},1777532325691]