9 rows · Oct 30, · BitMEX is a peer-to-peer cryptocurrency derivatives trading platform that 5/5. Apr 24, · Binance allows margin trading for Bitcoin, Ethereum, XRP, Binance Coin, Tron, and Tether. Users can also lend cryptocurrencies on Binance for interest in order to fund margin activities by other traders. You can read my complete Binance review here. 4. Bitcoin trading sites offer leverages up to a hundret fold, however the most common leverage ratio is around and some of the platform only allow bitcoin margin trading to and Advantages of Margin Trading.
Best margin trading platform bitcoinBest Margin Trading Platform for Bitcoin in with Low Fees
The inbuilt option of purchasing cryptocurrencies using a credit card is available on the exchange to fund your margin trading accounts. Moreover, StormGain provides demo accounts for traders to become comfortable before trading real money, and in the non-demo account as a trader, you get the luxury of in-app trading signals too. BitMEX is a dedicated Bitcoin and cryptocurrency margin trading exchange.
BitMEX is a pioneer in margin trading of cryptocurrencies since and is comprised of a dedicated team of developers and economists, rightly needed for this kind of business. BaseFEX is a crypto derivative exchange unlike any other as it is developed by professionals of the financial industry.
Kraken is one of the biggest cryptocurrency exchanges in the world operating in this space since Binance broke to the margin trading sphere recently and in just a few months the trading volume of its margin products has overtaken the spot trading volume.
The liquidity is enormous plus the brand name itself is trustable around the world. CEX is another reputed cryptocurrency exchange based out of the UK, and now it is providing margin trading of cryptocurrencies too. One of the oldest players in the cryptocurrency market, Poloniex still provides classical as well as margin trading for its users. If you want to understand the nuts and bolts of cryptocurrency margin trading then stick around as I am going to unwind everything from the beginning.
But on the flip side, they forget to tell you how much risk they have taken to achieve these kinds of returns and what are its downsides…. Cryptocurrency and Bitcoin margin trading is the new hype that is catching up along with regular trading. Margin trading is the act of trading stocks, bonds, or cryptos using borrowed money. This breed of trading is a very common practice in traditional markets, and it originated first from the US. But nowadays, this is not only limited to the US as it has already spread across other traditional markets around the world.
So, now you decide to margin trade using the leverage ratio of x means for every dollar you already have, you will get dollars extra to invest. If the market moves in your favor, your profits are magnified as per your leverage, and if the market goes against your position, your losses too are magnified. But after I learned about margin-trading of cryptocurrencies, I was thinking, who lends to these risky margin traders and why? On the other hand, the majority of margin traders are veteran traders who understand the dynamics of the market and thus back their technical analysis.
I know there are newbies too, more on that later!! Interest surrounding the emerging asset class of cryptocurrencies is buzzing once again, and will only grow into the future as the new, disruptive financial technology becomes more widely adopted worldwide. The below list is designed for you to discover for yourself the benefits of each of the most popular Bitcoin-based margin platforms and pick the platform that offers the most opportunity to grow capital quickly, safely, and efficiently.
Other tips on each platform are also included to further tailor your trading platform selection to your individual needs. PrimeXBT takes trading seriously, and the tools they provide are top-notch. Built on decades of experience across traditional markets, PrimeXBT provides everything from helpful tutorials to show newcomers the ropes, along with advanced trading tools like built-in charting software and more for more experienced traders to take advantage of.
Other platform benefits include ROI-boosting trading tools, four-level referral program, world-class customer service, no KYC process for unmatched privacy, bank-grade safety, and innovative features like a Telegram bot coded to provide up-to-the-minute position and price data.
BitMEX has the most trading volume across all Bitcoin-based margin trading platforms and is the most popular across the cryptocurrency market. The platform offered traders the ability to long or short the crypto market before it became all the rage causing the demand that drove the emergence of the fierce competition found throughout this list.
However, despite the leadership role, the platform is somewhat notorious. BitMEX offers a wide variety of contracts on Bitcoin and altcoins at various levels of leverage. The platform offers a referral program for additional earnings.
Binance is one of the most popular cryptocurrency exchanges across the industry. The platform started out as a spot trading platform, known best for its extensive list of exotic altcoins, it has since introduced margin trading. Margin trading is capped to just 5x, although the platform also offers a Bitcoin futures product at x leverage. Thus, bitcoin is expected to grow in value though large energy consumption for its production still remains an issue.
Almost every crypto trading platform out there offers bitcoins for trade. Thus, you have numerous choices when it comes to buying and selling BTCs.
The best way to differentiate them from each other is to use following indicators of great trade platform:. Binance is probably the best margin trading platform for Bitcoin in They have established their position as the number one exchange and trading platform in the cryptocurrency space.
Also, they have a nice and intuitive interface and they offer leverage trading up to x. For margin trading, you browse to the to Trade in the header menu and from there you go down and click on Margin in the drop down menu. You can see this in the screenshot below. If you are looking for a variety of margin trading functions, then BitMex is a place for you to start.
The platform offers bitcoins with the help of limit, market and stop loss functions. You also have several other tools that would help you create an appropriate order, such as fill or kill and Reduce-only. Leveraging is available for up to x, providing a large rate of profit or loss activities. Service is available globally while the interface is geared towards experts.
Its margin trading and interface are oriented towards experts, while beginners might find the trading platform a bit confusing to use. Security has been upgraded following the hacking incident in , with several safety tools now available.
These are 2FA, email encryption, IP whitelists, email notification system and session management. You do need to provide proofs of identity and address before you are able to trade with bitcoins at Bitfinex. Kraken exchange and trading platform offer functions for both starters and experts from the cryptocurrency industry. The available deposit methods are bank transfers only while trades form around the world can make USD or EUR payments for bitcoins.
Margin trading is available for unverified users though verification would bring about larger trade limits. You can check out the trade widget ion a picture below. Taking everything into account, we deem that starters can try out Coinbase or Kraken. It is easy to understand the functions and the interface are geared towards beginners with these platforms.