Bybit supports top cryptocurrencies like Bitcoin and Ethereum. There are two types of trading that happen on Bybit; the inverse perpetual type, where users trade Bitcoin and earn returns in Bitcoin, and the USDT perpetual swap where users deposit U. S dollars and use it to trade the volatility of cryptocurrencies and earn rewards in U. S dollars. In addition to the web-based platform, Bybit also has a mobile app where users can place trades on the go.
The platform is committed to building trust and transparency among users and has a team drawn from both the traditional finance and the cryptocurrency industry. Bybit also has a simple and feature-rich exchange with the order book well arranged. It also offers up to X leverage allowing users to boost up their positions and minimize the risk levels. Use leverage only if you are a professional trader.
Phemex is a Singapore-based company and a brainchild of eight former Morgan Stanley Executives with a combined experience of more than 40 years in delivering HFT high-frequency technology. The platform offers institutional-level derivatives trading to traders en masse.
The team is committed to creating a new trading experience by expanding the pool of crypto derivative broker options for investors and traders. There are no fees charged on all deposits made on Phemex, but a maker and a taker fee of The platform also has a funding rate that depends on the leverage position.
In addition, a flat fee of 0. Users can access various forms of trading, including scalping, hedging, long-term trading, high-volume trading, and algorithmic trading. Phemex also offers a number of tools to help users protect their accounts and manage risks. Phemex is predominately used to trade altcoins, although it also has a high major cryptocurrencies volume. Like Bybit, Phemex also has a well-organized trading interface with assets buys and sells well placed together with the equilibrium price.
The platform allows users to bookmark and track their favorite altcoins. Users can click on any of the bookmarked altcoins and start trading immediately. By default, all positions use the same collateral pool. Each subaccount has one central collateral wallet and uses cross margining for the account. Further, a user has an option to use a particular margin in isolation.
The exchange provides leverage up to x on its products. US residents would need to use FTX. FTX charges a marginal fee that is already included in the lending rates. This means that a borrower will have to pay a slightly higher rate of interest in comparison to that what a lender would receive. The differential will be kept by FTX as the fee for margin trading. In addition to this FTX only charges the typical trading fee.
All borrowing rates are variable and change every hour. You can refer to the borrowing rate here. It is the second-largest exchange after Coinbase in terms of trading volume and number of users that caters to the residents of the US. Further, despite catering to US residents, Kraken offers a big variety of crypto tokens.
Kraken offers margin on the spot as well as derivatives trading. The leverage allowed on these trades is up to 5x. Kraken has listed eligibility criteria that will determine whether a user is available for Margin Trading. You may refer to the same here. Further, the fee structure for margin trading can be referred here. The trading fee for margin trading is also very reasonable. You can find more information on this here.
BitMEX facilitates margin trading for cryptocurrencies and has gained quite a lot of respect in the cryptosphere in a rather short period of time. The team comprises experienced developers, economists, and high-frequency algorithm traders, which makes it a reliable product. The BitMex is not available for U. The registration process on BitMEX is simple as you just need your email to get started, plus, you can also secure your funds using the 2-FA authentication feature that BitMEX provides.
At present, BitMEX offers margin trading for 6 cryptocurrencies out of which Bitcoin margin trades are the most famous. Here is the fee, as well as the leverage schedule for all the cryptocurrencies:. Bybit is a specialized platform for derivatives trading. The exchange was established in and currently has more than 2 million registered users. Bybit deals in a number of perpetual as well as futures contracts.
The platform has launched a pilot for spot trading which should be available to all users in the near future. The fee is one of the cheapest, and it is a no KYC exchange. However, in order to use a third-party service such as fiat trading, a user would need to get his KYC done on the platform. Bybit has a significant market depth and liquidity. Therefore, it is an outstanding platform for margin trading. For margin trading, Bybit offers margins up to x.
Further, Bybit has its own insurance funds which can be used to recover losses in case a trader goes bankrupt. Bybit mobile app is something that you would be using most of the time for trading. The trading engine is blazing fast, and it is the fastest-growing margin trading crypto exchange. You can learn more about Bybit in my detailed review of Bybit.
Bybit is easier to use even for new leverage trading traders. Bybit is based out of Singapore and has offices in multiple countries. Huobi is an international cryptocurrency exchange known for its international multi-language platform and support. The exchange headquarters is in Singapore, and has offices in Hong Kong, Korea, Japan, and the United States, and is operating in this space since This process might take a day or two.
Post which you can start trading and you can also enjoy their margin trade feature where several cryptocurrencies are listed for margin trade. Huobi offers a margin of up to 5x for spot trading and up to x for derivatives trading.
Please read our full review on Huobi here. KuCoin is one of those amazing crypto exchanges which offers a wide variety of services and crypto tokens. Most of the low market cap gems can be found on this platform. Because of an interactive user interface and high platform liquidity, I could not keep this platform away from my best margin trading crypto exchanges list.
KuCoin offers a margin of up to 10x on spot trading and up to x on derivatives trading. Further, like Binance and FTX Exchange, Kucoin also offers a number of Leveraged Tokens which are a better version of margin trading as they do not face a risk of liquidation of assets.
The margin trading interest rate on KuCoin changes frequently and can be referred here. So, this was my list for the Best Crypto Margin Trading exchanges out there. You need to understand that although all these exchanges are good for trading, they are also a honeypot for hackers to attack. Further, as these exchanges cater to a huge sum of money, this risk increases manifolds in the case of margin or leveraged trading.
Therefore, even if you simply day trade or margin trade, keeping your money on these exchanges should be done cautiously as it is not safe. The above exchanges provide extra security features such as 2-FA authentication which you should never forget to use.
I shall reiterate that Margin Trading is a highly risky way of trading and users should use their discretion. Now it is time to hear from you: Do you trade cryptocurrencies? Do you indulge in margin trading? Where do you trade or margin trade cryptocurrencies? Harsh Agrawal is the Crypto exchange and bots expert for CoinSutra. He has a background in both finance and technology and holds professional qualifications in Information technology. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
You can do that in OTC trades, a post on it coming soon. Or else you can use LocalBitcoins for smaller amounts. Kraken no longer allows US citizens to use margin. Everyone else on the planet can make money shorting cryptocurrency but we can only buy long. What a crock of crap! What are the requirements for U.
Opting to trade with a crypto trading platform with the highest leverage is not necessarily the best option so several important factors need to be considered. The best crypto margin trading exchanges: Exchange Spot Trading Margin Here is a list of best leverage trading crypto platforms. Exchanges. Leverage. Key Feature. Quick Link. Bybit - Lowest fees. x. Futures: YES Derivatives: Yes Fees: Starting at %. Trade now.