Crypto options trading has rapidly matured, offering traders sophisticated hedging, speculation, and yield-generation strategies. As the market grows, selecting the right platform is crucial for security, asset choice, fees, and user experience. Below, we review the top crypto options trading platforms and brokers for 2025, highlighting their strengths, weaknesses, and unique features.
What is Crypto Options Trading?
Crypto options are financial derivatives granting the right, but not the obligation, to buy (call) or sell (put) a cryptocurrency at a set price before or at expiry. Options trading allows for advanced strategies, risk management, and leveraged exposure, but also comes with complexity and risks like time decay and market volatility.
Platform Reviews
Bybit
Overview:
Bybit was recognized as the best crypto options provider overall in 2025. It offers options on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Options are settled in USDC, and the platform is known for its liquidity and robust trading tools.
- Low trading fees (from 0.02%)
- Deep liquidity and tight spreads
- No KYC required for basic use
- Wide range of expiry dates and strike prices
- Up to 100x leverage available
- Limited to three crypto assets for options
- Not available in the US
- Lacks regulatory licenses
Trading Fees:
- Maker: 0.02%
- Taker: 0.03%
- Delivery (exercise): 0.015%
- Liquidation: 0.20%
- Fees capped at 12.5% of contract price
Supported Assets:
- BTC, ETH, SOL
Deposit/Withdrawal Methods:
- Crypto deposits/withdrawals (mainly USDT, USDC, BTC, ETH)
- No Fiat Support
- No fees for crypto deposits; withdrawal fees vary by asset
KYC Requirements:
- No KYC for trading, but withdrawal limits apply (20,000 USDT daily, 100,000 USDT monthly)
Security Features:
- Cold wallet storage, multi-signature withdrawals, and robust risk controls.
User Experience:
- Intuitive interface with advanced order books and analytics
- Suitable for both beginners (with guides) and advanced traders
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Binance
Overview:
Binance is the world’s largest crypto exchange and offers a diverse options trading suite. It supports six major cryptocurrencies and offers a wide selection of strike prices and expiry dates.
- Supports BTC, ETH, SOL, DOGE, XRP, BNB
- High liquidity and tight spreads
- Extensive analytics and research tools
- Multiple expiry options (daily to 12 months)
- Mandatory KYC for all users
- No commission discounts for high-volume traders
- Complexity may challenge beginners
Trading Fees:
- 0.03% per slide (maker/taker)
- No volume-based discounts
Deposit/Withdrawal Methods:
- Crypto and fiat (bank transfer, credit/debit cards, P2P)
- Deposit fees: usually free for crypto, variable for fiat
- Withdrawal fees: vary by asset and method
KYC Requirements:
- Full KYC required: government ID, facial verification, sometimes proof of address
- Multiple verification tiers for higher limits
Supported Assets:
- BTC, ETH, SOL, DOGE, XRP, BNB
Security Features:
- SAFU insurance fund, 2FA, cold storage, anti-phishing tools
User Experience:
- Advanced, feature-rich interface
- “Easy Options” mode for beginners simplifies contract selection and trading
Deribit
Overview:
Deribit is a derivatives-focused exchange, highly regarded among professional and institutional traders for its advanced options suite and deep liquidity.
- Supports BTC, ETH, BNB, SOL, XRP, PAXG
- Highly customizable trading tools and analytics
- 24/7 customer support
- Substantial liquidity
- Not available to US users
- KYC is now required for all accounts
- No regulatory licenses
Trading Fees:
- 0.03% per slide (maker/taker)
- No volume discounts
Deposit/Withdrawal Methods:
- Crypto only (BTC, ETH, USDT, USDC)
- No Fiat support
- Withdrawal fees depend on the asset and network
KYC Requirements:
- Mandatory KYC: government ID, facial verification, proof of address
Supported Assets:
- BTC, ETH, BNB, SOL, XRP, PAXG
Security Features:
- Cold storage, multi-sig wallets, and regular audits
User Experience:
- Advanced interface with comprehensive charting and order types
- Best suited for experienced traders
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OKX
Overview:
OKX is a global exchange offering European-style options on BTC and ETH, with a demo account for risk-free strategy testing.
- Low trading fees
- Demo account for practice
- Wide range of expiry dates and strike prices
- Up to 100x leverage
- Only BTC and ETH options
- Not available in the US
- Only European-style options (exercise at expiry)
Trading Fees:
- Maker: 0.02%
- Taker: 0.03%
- Fees capped at 12.5%
Deposit/Withdrawal Methods:
- Crypto and fiat (bank transfer, cards, third-party)
- Deposit fees: usually free for crypto
- Withdrawal fees: asset-dependent
KYC Requirements:
- KYC required for higher limits: ID, facial verification, proof of address
Supported Assets:
- BTC, ETH
Security Features:
- Cold storage, anti-phishing, and multi-factor authentication
User Experience:
- Clean interface, easy for beginners
- Demo mode is a standout feature for new traders
Comparison Table
Platform | Supported Assets | Fees (Maker/Taker) | KYC Required | Notable Features | US Availability |
Bybit | BTC, ETH, SOL | 0.02% / 0.03% | No (limits) | No KYC, deep liquidity, Demo trading | No |
Binance | BTC, ETH, SOL, DOGE, XRP, BNB | 0.03% / 0.03% | Yes | Largest asset selection, Easy Options | No |
Deribit | BTC, ETH, BNB, SOL, XRP, PAXG | 0.03% / 0.03% | Yes | Advanced tools, pro-focused | No |
OKX | BTC, ETH | 0.02% / 0.03% | Yes | Demo account, low fees | No |
Conclusion
For 2025, Bybit stands out for low fees and no-KYC trading (with limits), making it ideal for privacy-focused users and active traders. Binance remains the leader in asset diversity and liquidity, suitable for both beginners and professionals. Deribit is the top choice for advanced traders needing deep analytics and custom setups, while OKX appeals to new traders with its demo account and straightforward interface.
Each platform has distinct strengths and limitations- consider your trading needs, asset preferences, and regulatory requirements before choosing. Want a deeper dive into a specific platform or guidance on options strategies? Let me know!
