In This Article
CoinFutures is a new crypto futures betting game from CoinPoker, one of the most popular crypto gambling sites. With CoinFutures, you can bet on short-term price changes in major cryptocurrencies in a fast-paced and competitive environment.
Is CoinFutures the betting site you’ve been looking for? In our review of CoinFutures, we will take a detailed look at the platform and discuss everything you need to know about gaming, fees, security, and more.
Key Takeaways
Quick Facts About CoinFutures
What is CoinFutures?
CoinFutures is a simulated crypto futures trading platform from CoinPoker, a leading crypto gambling site. CoinFutures offers a simplified approach to crypto futures trading that blurs the line between betting and trading.
Rather than trading actual on-chain crypto futures, you can make futures-like bets with simulated charts showing crypto price changes. You can choose to go long or short and set take-profit and stop-loss levels. This way, you can skip the issues of contract dates or changing contract prices.
Since CoinFutures isn’t a real futures exchange, no KYC check is required, and you can play completely anonymously. It also enables you to leverage your bets up to 1,000x—far higher than any futures exchange—and cash out whenever you want.
CoinFutures is part of the CoinPoker platform, so you’ll need a CoinPoker account to play. You’ll also have access to all of CoinPoker’s other games, including crypto poker, a no-KYC crypto casino, and a crypto sportsbook.
Pros & Cons of CoinFutures
Pros
Cons
How Does CoinFutures Work?
CoinFutures is a unique gambling offering, unlike anything we’ve seen from other major crypto betting sites. So, it’s important to understand how this game works.
In CoinFutures, you’re put inside a simulated trading environment that uses a smart algorithm to generate crypto price action. These aren’t real crypto price charts, but they look and feel like it, with new bars appearing as quickly as every second. Currently, CoinFutures supports charts and betting on BTC and ETH, and betting on more tokens is expected to launch soon.
In order to play, you’ll need to decide which crypto to trade around and whether you think the price is going to go up or down. You can view the price chart on multiple time scales and see all public bets that others have placed when making a decision. However, there are no technical analysis tools like those you’d expect if you were trading real crypto futures.
Then choose an amount to wager and select a multiplier from 1x to 1,000x to amplify the impact of every price movement in the chart. You can also select a take-profit price or stop-loss price for your trade, and CoinFutures will automatically calculate a bust price at which your bet will be fully lost.
Once you place your bet, sit back and watch the chart. You can cash out at any time to lock in profits or limit your losses. CoinFutures will let your bet run as long as the token price remains above your bet’s bust price.
What Crypto Futures Can You Trade on CoinFutures?
CoinFutures currently supports betting on BTC and ETH. The platform’s website indicates it plans to add extra tokens soon, but hasn’t said which ones or when they will launch.
Keep in mind that CoinFutures does not involve actual crypto futures trading. It’s not a crypto derivatives exchange, and you never own a real contract, which gives you the right to take possession of BTC or ETH. You also don’t need a crypto wallet to play.
CoinFutures Features
CoinFutures offers a number of features to enhance the betting experience. Let’s take a closer look.
No KYC
One of the best things about CoinFutures compared to traditional crypto futures trading is that it doesn’t require KYC checks or identity verification. CoinPoker is one of the leading anonymous crypto poker sites, and you can feel comfortable knowing there’s no way your identity could be exposed on the site.
1,000x Leverage
When playing CoinFutures, you can choose to leverage your bets up to 1,000x. This multiplier amplifies the impact of every price movement in the coin you’re betting on. More leverage means you could potentially win more if the token moves in the direction you anticipated.
However, bear in mind that leverage can also work against you by amplifying moves that are in the opposite direction of your bet. More leverage will increase your bet’s bust price. No matter how much leverage you use in CoinFutures, you never risk more than your initial wager.
Leaderboard
The CoinFutures leaderboard shows the most successful bets from the last day, week, or month. You can view individual leaderboards for each token or a combined leaderboard for all CoinFutures bets. There are also distinct leaderboards for top bets by profitability and return on investment.
This is nice because it adds a competitive edge to CoinFutures and gives players a chance to celebrate big wins together.
Auto Trading
CoinFutures supports some basic auto-trading features, so you can take a hands-off approach after placing your bet. This includes the ability to set a take-profit price for your trade and a stop-loss price. A take-profit price lets you exit your bet when the token’s price reaches your predicted level, while a stop-loss price lets you exit for a moderate loss before you hit the bust price and lose your entire wager.
Public Bets
One elegant feature of CoinFutures is that it makes all of the closed bets—both up and down—public. You can view them in a table or display them on the price chart. You can see the amount wagered, the multiplier, and the entry, exit, and bust prices. So, you know what bets have been profitable recently and can use this information to inform your wager.
CoinFutures Fees
CoinFutures charges a fee for every bet, but you can choose between two ways to apply the fee. The first option is a PnL fee. You won’t pay anything to place your wager, and you’ll only pay a fee if your bet is profitable. The fee is about 5% of your total profit, and CoinFutures charges an additional 0.5% fee for every extra hour your bet is open after the first hour.
The second option is a flat fee. You’ll pay this fee every time you place a bet, although CoinFutures won’t take anything extra when you cash out. The flat fee varies from 1-3% of your wager, depending on the size of your bet and the multiplier you use. CoinFutures provides a calculator that you can use to determine the PnL fee or flat fee for any wager.
CoinPoker doesn’t charge any deposit fees for fiat or crypto, although there are some withdrawal fees to be aware of. The fee for USDT withdrawals is 5 USDT, while the fee for BTC withdrawals is 1 USDT. The maximum daily withdrawal is 25,000 USDT (or equivalent in another currency).
Is CoinFutures User-Friendly?
CoinFutures and the broader CoinPoker platform are both extremely user-friendly. It’s easy to get started, and there’s virtually no learning curve to playing. You can sign up for CoinPoker crypto futures in seconds using just an email address. There’s no KYC required. However, you have to download the CoinPoker app, which slows down the process. CoinPoker is available for Windows, Mac, and Android devices, but not for iOS devices like iPhones and iPads.
It’s easy to navigate CoinPoker’s platform, and there’s a dedicated tab for CoinFutures. When you open CoinFutures for the first time, a pop-up explainer walks you through how the game works and how to place a bet. From there, it’s straightforward to place your first wager. You can also see your active wagers, closed bets, and the leaderboard at the bottom of the interface.
The only thing we didn’t love about the user experience is the ROI calculator, which appears in a pop-up window and can be glitchy. CoinFutures isn’t explicit about its fees, so you have to use the ROI calculator to determine what you’ll pay for any wager.
Is CoinFutures Safe To Use?
CoinFutures is part of the CoinPoker platform, which suggests it’s safe. CoinPoker has been around since 2017 and has more than 50,000 players worldwide. It enables you to play completely anonymously, and you don’t have to submit any personal information that could be exposed in a data breach.
CoinPoker crypto futures is licensed by the Anjouan Gaming Authority and has a strong track record of securing players’ funds. Customer funds are fully ringfenced in vaults provided by crypto security firm Fireblocks, and the company uses fully audited and decentralized random number generator software for many of its games.
There’s less information about the algorithm that powers CoinFutures, which isn’t entirely random. Instead, it’s designed to simulate real crypto price movements. Whether players’ bets can influence this algorithm is unclear, but CoinPoker has repeatedly proven that it’s fair to players in its other games.
CoinFutures Customer Support
You can get support for CoinFutures through the main CoinPoker customer service channels. These include email, an online contact form, and social media. CoinPoker unfortunately doesn’t offer live chat or phone support, unlike other top crypto gambling platforms. That said, we emailed CoinPoker’s support team and heard back within 24 hours.
CoinPoker has an online help center with articles about managing your account, deposits and withdrawals, and resolving technical issues. It’s pretty thorough, although there isn’t a dedicated section for CoinFutures-related questions.
CoinFutures vs. Other Crypto Futures Platforms
CoinFutures is unique from other crypto futures trading platforms. With CoinFutures, you’re not actually trading crypto futures contracts. Instead, you’re betting on simulated crypto price action using an up/down approach that’s similar to how futures contracts work.
However, it’s still worth comparing CoinFutures to other crypto futures platforms because both offer a chance to profit based on price action in the crypto market (real or simulated). Notably, CoinFutures doesn’t require any knowledge of technical analysis, and you don’t have to navigate expiration dates or set a firm price target for the token in question. This can make it much easier for beginner traders than real crypto futures trading.
Another benefit of CoinFutures is that it doesn’t require KYC or a crypto wallet. You can get started immediately and place bets completely anonymously. CoinFutures also lets you apply up to 1,000x leverage, whereas many top crypto derivatives platforms max out at 125x leverage. Here’s how CoinFutures stacks up against popular crypto futures platforms on key metrics:
| Exchanges | CoinFutures | Bybit | Binance | MEXC |
| Real or Simulated Futures | Simulated | Real | Real | Real |
| Trading Pairs | 2 | 550+ | 550+ | 600+ |
| Maximum Leverage | 1,000x | 125x | 125x | 500x |
| KYC Required | No | Yes | Yes | No |
CoinFutures Tutorial – Step-by-Step Guide
Getting started with CoinFutures is really easy. If you want to know ‘how to use CoinFutures,’ here’s a step-by-step walkthrough of how to sign up and begin playing.
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Sign Up on CoinFutures
Go to the CoinFutures official website and click Register. Create your account with an email, username, and password; no KYC required. After registering, download the app for your device. It’s available on Windows, Mac, and Android.
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Make a Deposit
Open the app and click the Cashier icon to add funds. You can deposit via credit/debit card, Google Pay, Apple Pay, or cryptocurrencies like BTC, ETH, BNB, USDT, USDC, and POL.
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Place a Bet
Pick the token you want to bet on and watch the live chart. When ready, decide whether the price will go Up or Down, enter your wager amount, and select your multiplier.
Optionally, set a take-profit and stop-loss price to manage your risk. Click Place Bet to start your trade.
How We Tested and Reviewed CoinFutures
We tested CoinFutures by signing up for CoinPoker and downloading the platform. This allowed us to fully experience the process of getting started with CoinFutures and to explore the platform in depth.
We thoroughly tested the CoinFutures trading interface by monitoring price action for both BTC and ETH, looking through public bets, and using the ROI calculator. We also monitored the leaderboard and contacted CoinPoker support with questions about the platform.
Conclusion
Our CoinFutures review found that this is an exciting and fun futures betting game from leading crypto gambling platform CoinPoker. It’s a lot easier to navigate than real crypto futures trading, making it a great choice for beginners who want to bet on crypto price action without the complexity of technical analysis or contract expiration dates. Plus, CoinFutures doesn’t require KYC to get started and offers leverage up to 1,000x to increase the stakes of every wager.
Overall, this is a great new addition to CoinPoker that can appeal to traders as well as crypto gamblers. We’re looking forward to seeing the platform add support for additional tokens in the future to give users even more options to bet.
CoinFutures
Pros
Cons
See Also: Popular Crypto Futures Trading Platforms in the U.S.
FAQs
Is CoinFutures safe?
CoinFutures is a crypto price action gambling game from crypto gambling site CoinPoker. CoinPoker has been around since 2017 and is licensed by the Anjouan Gaming Authority. It uses secure vaults to keep customers’ funds safe and doesn’t require KYC checks to play.
What payment methods does CoinFutures accept?
CoinFutures accepts both fiat and crypto payments. Accepted fiat payment methods include credit and debit cards, Google Pay, and Apple Pay. Crypto payment methods include BTC, ETH, BNB, USDT, USDC, and POL.
Does CoinFutures require KYC?
No, CoinFutures does not require KYC or identity verification. You can sign up with just an email address.
What leverage can you use on CoinFutures?
CoinFutures enables you to select leverage up to 1,000x for your bets. This leverage amplifies the price movements in the token you’re betting on, enabling you to earn more profit with every movement in the direction of your wager.
How do I cash out on CoinFutures?
You can cash out on CoinFutures at any time. Visit the CoinPoker cashier to request a withdrawal to your crypto wallet in USDT, USDC, or BTC. You can withdraw up to 25,000 USDT or equivalent per day. CoinFutures does not support fiat withdrawals.
References
- Boston College. “Q&A on Cryptocurrency.” Boston College, https://www.bc.edu/bc-web/bcnews/nation-world-society/business-and-management/q-a-on-cryptocurrency-.html.
- University of Michigan. “Introduction to Ethereum.” University of Michigan, https://online.umich.edu/collections/fintech/short/introduction-to-ethereum/.
- Rasmussen University. “What Is Blockchain Technology?” Rasmussen University, https://www.rasmussen.edu/degrees/technology/blog/what-is-blockchain-technology/.
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