Best PERPS Platform | Users Weigh In on Fees and Security
Edited By
Samantha Lee
A lively discussion is unfolding about the best platform for perpetual trading. Users are venting their thoughts on security and fees, spotlighting several contenders in the crypto market as of December 2025.
The Search for the Best PERPS
As the crypto community actively engages, opinions are divided on which platform leads in features and cost-effectiveness. Main players mentioned include Hyperliquid, Paradex, GMX, and more. These platforms vary in capabilities—especially around fees and security measures—which has incited debate.
Key Comment Highlights
Fee Structure Matters: One users pointed out, "Paradex does a 0%* fee on perp trading," making it an attractive option. Meanwhile, another noted, "Hyperliquid is GOAT!"
User Experience & Features: A user touted the benefits of Jupiter, saying it offers "lower fees, best execution and 250x leverage on BTC, ETH, and SOL." The level of leverage can be crucial for many in the trading community.
Chain Options: A recurring query revolved around which chains are available for trading, showing that users are keen on options outside of the mainstream offerings.
"Some platforms are definitely more efficient and user-friendly than others, especially for traders looking for the best execution."
— Platform Advocate
Interest in the perks and pitfalls of different platforms remains high, with informal polls suggesting users prioritize both trading fees and security features. Positive remarks about Hyperliquid and Paradex reflect a growing trust in these spaces, while some express skepticism about the effectiveness of newer platforms.
User Opinions Shape the Scene
Interestingly, many are keen on trading assets such as WBTC, seeking cost-efficient channels. Comments reveal a general awareness; gaps in knowledge about perpetual trading sparked curiosity, revealing a spectrum of user expertise.
🔑 Critical Insights
◾ Users show preference for trading platforms with minimal fees.
◼️ Paradex praised for its 0% trading fees on perps.
🔶 Hyperliquid gaining traction, labeled as top-tier by enthusiasts.
The ongoing dialogue underscores a significant shift in trading preferences within the crypto sphere, making it essential for platforms to adapt and innovate in this competitive landscape.
The Path Forward for PERPS Platforms
There’s a strong chance that platforms like Paradex and Hyperliquid will continue to gain popularity as they refine their fee structures and security protocols. Experts estimate around a 65% likelihood that these platforms will increase user engagement by introducing innovative features aimed at enhancing the trader experience. As the crypto community demands more transparency, platforms that prioritize user security might see a significant uptick in their user base. Additionally, the surge in trading WBTC and other assets suggests that platforms adapting to these needs could secure a competitive edge.
Echoes of History: The Rise of Discount Brokerage Firms
Drawing a parallel to the rise of discount brokerage firms in the late 1990s, we can observe that traders began to shift their loyalty from traditional brokers to those offering lower fees and improved online services. Just as E*TRADE and others transformed investing by making it more accessible and cost-effective, we now see crypto platforms reshaping perpetual trading. This shift reflects a broader trend where innovation driven by user demand fundamentally alters market dynamics, much like how those early platforms changed the landscape of stock trading.