CoinFutures is a crypto futures trading platform with a gamified approach to crypto futures trading. Developed by the makers of CoinPoker, the platform has generated quite a bit of buzz within the cryptocurrency community thanks to its leveraged trading capabilities without asking for any KYC details. The purpose of this article is to highlight the key features of CoinFutures and how it stacks up against the needs of the modern trader who has become ever more inclined to jump into crypto during the current bull cycle. What is CoinFutures? The official website gives a small and clear definition of the platform as a system where users can earn based on their correct price prediction of their favorite assets. Investors can either give a “short” prediction, believing that the asset’s value will drop, or go “long” if they believe the asset could surge in the long term. Features like “cash out before the bust” are highlights of this platform, essentially allowing investors to withdraw before the market turns negative. The platform, powered by AI-driven smart algorithms, mirrors current volatile macroeconomic conditions to offer users a trade-like experience without the complexities of real trading. In simple terms, CoinFutures offers a gamified approach to crypto trading without involving complexities such as wallets or exchanges. How One Can Trade Crypto Futures on CoinFutures? Regardless of how easy CoinFutures makes the prospect of trading crypto futures sound, there are some innate complexities present. That said, the website has provided instructions (in clear terms, no less) on how the entire system works. Picking a Cryptocurrency CoinFutures instructs that users must first pick a cryptocurrency. The options available are many, with Bitcoin and Ethereum being the top two choices. For now, however, the options are limited, with the only other assets including Dogecoin, Tron, and Litecoin. But CoinFutures promises that more will be added in the future. Picking an asset will reveal the crypto’s price charts, which will be instrumental in deciding the options in the next step. Predicting an Asset’s Price Action Investors (or in this case, players) will then have to predict whether the price of an asset will go up or down. The options available are simple, with little up and down buttons provided to simplify the process. Selecting the Price and Multiplier Investors must then select the price point the asset is likely to hit. Manual inputs are available, but if the predictions are general, a simple scroll option lets investors add or subtract the price. Choosing a multiplier is also an option. It is said to amplify the prediction. Similar to standard leveraged trading, this protocol involves high risk and high rewards. Placing the Prediction and Cashing Out After placing the prediction, investors can look at the price chart to keep tabs on whether their prediction is likely to pan out. Because CoinFutures is flexible, it also allows investors to cash out quickly if the market is turning against them or going “bust”. What Factors Make CoinFutures a Suitable Platform? CoinFutures offers a unique approach to crypto futures trading. It isn’t complex and relies on gamification, going as far as portraying investors as “players” and the entire ecosystem as betting. This trait alone makes it fit for those who think of the entire cryptocurrency ecosystem as akin to a game. Secondly, the price chart shows simulated real crypto volatility, while also allowing investors to amplify their bets with up to a 1000x multiplier. This strategy lets players tap into the volatile markets and leverage the high-risk, high-reward paradigm to earn large returns. Despite the gamified approach, CoinFutures’ crypto futures trading style isn’t bereft of strategic depth. Players abreast of market conditions could gain an edge when predicting. While veteran crypto enthusiasts can stick to manual mode, less confident players wanting to manage risks can opt for auto-mode instead. This mode lets players set a stop-loss and take-profit level. All of these features wouldn’t be as effective without a strong user interface, which CoinFutures provides. It has the same CoinPoker-esque approach to design: simple, unique, and yet stylish. All the options are clearly provided, and the additional data about other players’ bets adds another layer to the strategic element of this “trading game.” For those who prefer anonymity, CoinFutures’ no-KYC approach is also an aspect worth highlighting. Payment Options Available on CoinFutures Although CoinFutures revels in being a crypto-centric ecosystem, the payment options available make it accessible to all. For those looking for fiat modes of payment, the following options are available: VISA/Mastercard credit/debit cards Google Pay Apple Pay PIX And for investors looking to deposit on the platform using only crypto, the available options include: USDT USDC Ethereum BTC POL BNB Pros and Cons of CoinFutures CoinFutures takes a not-very-nuanced approach to crypto futures trading, which means that while it offers several benefits, it has some shortcomings as well. Pros It features a simple UI that doesn’t take long to learn Supports multiple top cryptocurrencies The gamification of crypto futures trading makes it appealing for beginners Offers up to 1000x leverage Flexible in terms of cashing out; users can cash out before they bust Cons Users must download the app to use it Cryptocurrency options could be better How to Get Started with CoinFutures? Here are the steps required to get started with CoinFutures: Step 1 - Register and Download CoinPoker CoinFutures is accessible via the CoinPoker application. Users must download it after completing the registration process . Step 2 - Make a Deposit The next step is to make a deposit, which can be done using the options mentioned in the earlier sections of this article. Step 3 - Open the Crypto Futures Tab Users must then open the “Crypto Futures” tab to access this betting game before starting to play. The Verdict: Is CoinFutures a Worthy Platform? The cryptocurrency market is bullish right now, and people are itching to get in before the current cycle ends. For them, CoinFutures offers an opportunity to interact with the cryptocurrency ecosystem in a gamified way. It removes the complexities associated with crypto trading, such as exchanges and KYC requirements, and instead offers a simple betting game. The added advantage of flexible cash-out makes it suitable for risk-averse players, and since CoinFutures is available as a small download, players can get started whenever they want. Considering these positive attributes, it is safe to say that yes, CoinFutures is a worthy platform. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
