The Best Cryptocurrency Margin Trading Platforms

One of the most profitable trading methods is margin trading. Unlike ordinary buying and selling, such trading is very risky and profitable. To engage in margin trading, you should know the advanced terms and tools of cryptocurrency.

Margin trading is also known as day trading, which is used by traders to make high profits from financial assets. Trading on margin is very risky on its own, and the combination with cryptocurrencies makes it even more dangerous.

What is margin trading?

Trading with leverage allows traders to access large amounts of assets by paying only a fraction of them, and therefore get more profit. For example, if an exchange provides 100x leverage for leveraged assets, you can access $10,000 for just $100. However, it depends on the platform what kind of leverage it offers. This method is used in almost all financial markets, but is most popular in the international Forex market.

Best Margin Trading Platforms

Binance

Founded in 2017, Binance won the hearts of all crypto traders in no time and still remains the leader. The exchange only allows you to trade cryptocurrencies with some advanced options such as trading with leverage.

The reason why Binance ranks first among the best crypto margin trading platforms is because of its excellent track record in managing platform security. In addition, it provides up to 125x leverage.

On the Binance platform, the client gets an intuitive interface with the ability to choose between interfaces. You can set the platform difficulty according to your understanding. Moreover, it supports almost all major cryptocurrencies that can be traded along with ICO tokens.

If we talk about the weaknesses of the exchange, then you can get support only by sending tickets. Also, if the user has any issues with the KYC rules, then this should be skipped as Binance has a strict verification policy.

Bitmex

When talking about a crypto margin trading platform, it would be a bad idea not to mention the name Bitmex. Bitmex is one of the oldest cryptocurrency-to-cryptocurrency exchanges that allows you to access advanced tools such as leverage, futures trading as well as derivatives. Bitmex also provides high leverage up to 100x and supports many cryptocurrencies. If a trader is hesitant to provide proof of their identity, then Bitmex is ideal.

PrimeXBT

PrimeXBT is not as well known as Binance and Bitmex but certainly provides good trading services with margin/leverage. The leverage on PrimeXBT is 100x and you can trade with many major currencies such as Bitcoin, Ethereum, etc.

The cryptocurrency margin trading platform was launched in 2019 and is known for providing liquidity and advanced trading tools in over 150 countries around the world.

Etoro

Etoro provides trading services for a wide range of markets including stocks, ETFs, Forex, indices, cryptocurrencies, as well as commodities. Etoro consistently ranks among the top exchanges and is best known for its social platform.

The exchange has recently expanded support for cryptocurrencies beyond Bitcoin and Ethereum to XRP, Litecoin, and other well-known altcoins. On Etoro, you do not actually own your cryptocurrency, but benefit from CFD trading. Because the interface of the platform matters, it is easy to understand for those familiar with CFDs and leveraged trading.

Etoro also allows you to interact with other crypto traders, making it unique and one of the best crypto brokers in the industry.

Other notable platforms

The list does not end there as there are many other platforms such as Deribit which provides 100x leverage on cryptocurrencies and also supports futures trading and ByBit which supports both futures and derivatives and allows leverage up to 100x. In addition, you can also access margin trading on leading crypto exchanges such as Huobi, Poloniex, and Kraken. However, it is only possible to use leverage up to 5x on these exchanges.

All of the above platforms have their own advantages and disadvantages. Before investing in these platforms, one should do proper research and compare all their services.