Popular Crypto Exchanges for Margin Trading
Margin trading is the new buzz word in the crypto world therefore, traders are looking for popular crypto exchanges that offer margin trading options. What traders often misinterpret is that despite its high reward activity margin trading involves high level of risk. Moreover, the exchange you select for this medium of trading has a strong impact on your investment portfolio. Thus, conduct a thorough research and evaluate each crypto exchange properly before depositing funds into any trading platform.
Here is a crypto exchange list with most popular crypto exchanges for margin trading. This list will help you select the margin trading platform that aligns with your trading objectives and scope.
Popular Crypto Exchanges for Margin Trading in 2021
This crypto exchange list explains the pros and cons of market’s top crypto exchanges that offer margin trading options.
Prime XBT is one of the most popular crypto exchanges, founded in 2018, it is a bitcoin-based P2P exchange. The exchange allows users to trade top crypto and traditional financial assets like commodities, forex, indices, stocks, and a lot more. On this exchange users can avail more than 100x leverage for crypto assets whereas it offers up to 1000x leverage for forex positions. The user interface of Prime XBT is quite interactive and easy to use for both advanced and new traders alike.
Positive attributes of Prime XBT:
- Up to 1000x leverage
- Supports traditional trading options
- Competitive fee structure
- High-end security measures
- Offers around the clock customer support
The sign-up process on this exchange is quite simple and fast. You can set up an account in just 40 seconds and you are ready to trade. Additionally, all user accounts on this platform are completely anonymous that is the reason why the sign-up process doesn’t require much time and any personal information. All that a user is required to do is some Bitcoin within their account and if you don’t have any the platform offers you to buy from via its Changelly integration.
Another popular crypto exchange in the market is BitMEX. It was first introduced in the market in 2014, and now it is the most famous name in the crypto environment when it comes margin or leverage trading. Despite market saturation this platform has held its ground and it is still a go-to platform for a huge community of advanced crypto traders looking to play big in the market via margin trading.
Some key attributes of this platform are highlighted below:
- Users can avail up to 100x leverage
- Supports a wide selection of crypto assets
- No mandatory KYC
- Security detail
- 360 customer support
In addition to all the above listed attributes, this platform allows users to trade perpetual, futures contracts, and up & down contracts. Users are free to select from eight digital assets available at the exchange when trading futures contracts.
- Bitcoin Cash
When it comes to popularity and trading volume no exchange matches the fame of Binance in the crypto world. It is one of the most popular crypto exchanges that has tailored to the trading needs of users around the globe. Now it is offering margin trading options according to which users can vail leverage against their collateral and use it to open various positions.
Below enlisted are some of the positive attributes of Binance:
- Supports wide range of crypto assets
- Interactive UI
- Competitive pricing model
- Offers access to both spot and futures market
- Highly secure
Overall, Binance is a one-stop trading platform that is a great option for people who want to have a first-hand margin trading experience with relatively low levels of risk.
There is no surprise that kraken is on the list of most popular crypto exchanges as it is one of the few regulated crypto trading platforms operating since 2011. Till then kraken has remained as one of the leading platforms, offering traders access to various trading products and crypto assets, including margin trading.
Some of its key features are highlighted below:
- It is a regulated platform and moreover it is available for US residents
- It offers deep liquidity
- Fast and secure transactions
- Competitive fee structure
- Quality customer support
Besides the above listed feature, kraken also accepts fiat deposits in multiple currencies such as USD, CAD, EUR, JPY, and GBP.
All the above-mentioned platforms are the popular crypto exchanges for margin trading. All these exchanges are reliable and secure to trade in futures market. However, if you are new to this medium of trading then you must exercise caution, come up with a strategy, and manage your risks wisely before going all in. Margin trading is a high risk activity, so trade what you can afford to lose.
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