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8 Best Crypto Margin Trading Exchanges

Are you looking to start crypto margin trading and want to know which exchanges are the best? We've compiled an updated list featuring the best crypto exchanges for margin trading.

Best Crypto Margin Trading Exchanges
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First of all, what is crypto margin trading? As a trader engaged in Crypto margin trading, you essentially take a loan (typically referred to as margin trading) to buy and sell cryptocurrencies on an exchange. You do so with the intention to amplify - or leverage - the capital you want to invest in your crypto position.

However, there are only a handful of crypto exchanges that provide a straightforward, seamless experience while margin trading.

If you're in the market for top-notch crypto margin trading exchanges, these options are certainly worth considering:

Best Crypto Exchanges for Margin Trading

  1. Bitget - Best Crypto Margin Trading Exchange Overall
  2. Bybit - Most Popular Crypto Margin Trading Platform
  3. Phemex - Efficient Margin Trading Option
  4. Kraken - Crypto Margin Trading Platform for USA
  5. BingX - Best for Bitcoin Margin Trading
  6. Binance - Highest Margin Trading Exchange
  7. MEXC - No KYC Trading Platform
  8. Bit.com - Best For Perpetuals

Best Crypto Margin Trading Platforms

Based on our extensive research and analysis, these are the top crypto exchanges best for margin trading:

1. Bitget - Best Crypto Margin Trading Exchange Overall

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Bitget

If you're searching for a reliable and user-friendly platform designed for margin trading of cryptocurrencies, then Bitget emerges as a top choice.

Established in 2018 and based in Singapore, a global hotspot for finance and blockchain technology, Bitget offers you the opportunity to borrow money to enhance your trading potential gains.

The exchange provides different types of trading services. These include spot trading, perpetual swaps, and various future contracts.

When it comes to derivatives trading, you can get a leverage of up to 125x. Plus, there's a wide selection of cryptocurrency assets for you to pick from.

When it comes to spot trading fees on Bitget, they are quite reasonable. The standard spot trading fee is pegged at 0.2%, maintaining a fair equilibrium within the industry standard. For makers and takers, the fees are distributed proportionally. Makers tend to incur lesser fees, which encourages market liquidity.

If you spot or margin trade crypto, be prepared for a standard 0.1% trading fee for both the maker and taker. However, there's good news. If you opt to pay with BGB, you're in for a treat with a 20% reduction in your transaction fee.

The fees associated with futures and perpetual crypto contracts are set at 0.02% for the maker and 0.06% for the taker. Again, similar discounts apply when using BGB.

Bitget also offers its users copy trading. This feature allows you to adopt the strategies of other expert traders. Both futures and spot copy trading are available. This is an excellent choice for beginners or those wanting to refine their crypto trading skills.

Bitget Trading Fees

  • Trading fee: 0.02%
  • Withdrawal fee: Varied
  • Deposit fee: Free

Pros:

  • Up to 125x leverage for margin trading
  • Offers you a pro trading interface
  • Top-notch security
  • Cheap trading fees
  • Copy Trading Feature

Cons:

  • Not available in the US
  • Withdrawal fees are not fixed and can vary from time to time

2. Bybit - Most Popular Crypto Margin Trading Platform

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Bybit

Our runner-up is Bybit, a Dubai-based exchange that was founded in 2018. Renowned for its crypto trading capabilities, Bybit facilitates trades in both the spot and derivatives markets. It consistently ranks among the top platforms currently available for crypto margin trading.

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According to CoinMarketCap, this exchange ranks second (only behind Binance) in open interest for derivatives crypto platforms which is indeed impressive for a retail margin trading platform.

Bybit has established its reputation as a premier platform for derivatives trading.

This exceptional platform provides opportunities for you to engage in various markets including crypto margin, futures, and options trading.

When it comes to margin, Bybit does not stay behind its competitors. Notably, Bybit offers an impressive up to 10x leverage for spot and 100x for margin trading. Highlighted trading pairs for both spot and futures consist of top cryptocurrencies like BTC, ETH, XRP, APT, and more.

Overall, the exchange currently supports over 300 cryptocurrencies for leverage trading crypto and keeps adding more regularly, including market-hyped coins.

The cost of using the exchange is surprisingly low. Especially for margin trading, the fee structure encompasses the spot trading fee, interest, and a charge for liquidation.

The liquidation charge and interest may vary, depending on your specific transaction. To avoid any liquidation of your position, it's critical to maintain your margin requirements regularly.

When it comes to spot trading, Bybit levies a fee of 0.1000% for both the maker and taker fees. But if you increase your trading volume, you can effectively reduce these fees.

When dealing with KYC, Bybit does necessitate that you go through a user verification process. The exchange has various levels of verification that influence your daily and monthly deposit and withdrawal thresholds, along with other features.

In conclusion, with Bybit, you will have access to an abundance of features beyond spot, margin, and derivatives trading.

This includes benefits like AI-powered trading, mirror trading, innovative trading bots, and so on, allowing you to employ advanced trading strategies.

Bybit Trading Fees

  • Trading fee: 0.1000%
  • Withdrawal fee: 0.0005 BTC
  • Deposit fee: Free

Pros:

  • Up to 10x leverage for spot trading
  • Up to 100x leverage for futures
  • Offers you a pro trading interface
  • Top-notch security
  • Mirror trading
  • AI-powered trading

Cons:

  • Bybit is not available in the US
  • Only 100x leverage for futures

3. Phemex - Efficient Margin Trading Options

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Phemex

Coming in third on our list is Phemex, a crypto exchange from Singapore. Founded in 2019, it quickly became known as an effective platform for futures trading. Since its inception, crypto enthusiasts have quickly embraced Phemex, making it one of their preferred exchanges for cryptocurrency transactions.

This exchange lets you easily switch between spot, margin, and crypto contract markets.

When it comes to margin trading, Phemex stands out with its compelling offer of 5x leverage in margin trading. If you're more interested in derivatives trading, this leveraged trading platform facilitates a whopping 100x leverage.

You're also treated to a broad selection of 216 trading pairs, from perennial favorites such as BTC and ETH to newer entrants like APE and SOL. Phemex also earns points for its continuous efforts to enrich the list of cryptocurrencies they offer, keeping an eye on market trends.

In terms of trading fees, Phemex outperforms many competitors by charging one of the industry's lowest fees for spot trading - the maker and taker fees are a mere 0.1%. For those who bring significant volume to their trades, Phemex reciprocates with an enticing discount on the trading fee. Note that crypto margin traders do incur an interest fee on their trading.

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If you prioritize an exchange that doesn't demand KYC verifications, then Phemex could be your ideal match.

You're allowed to deposit and margin trade to your heart's content without any identity verification. However, you want to keep in mind that non-verified accounts have a daily withdrawal cap of $50K.

Combining all these aspects, it's clear that Phemex asserts itself as a leading contender among other crypto margin trading platforms. It caters to both margin and leverage traders with savvy.

Ensuring that they don't rest on their laurels, Phemex goes a step further by providing useful, additional features like copy trading, bot trading, and even a savings account to expand your crypto presence.

Phemex Trading Fees

  • Trading fee: 0.1%
  • Withdrawal fee: 0.00005 BTC
  • Deposit fee: Free

Pros:

  • No-KYC Crypto margin trading platform
  • Offers you 5x leverage for margin trading
  • 24/7 customer support via chat
  • Supports demo trading (mock trading)

Cons:

  • Phemex is not available in the US
  • Limited currency pairs

4. Kraken - Crypto Margin Trading Platform for USA

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Kraken

Kraken, established in 2011, is a reputable U.S.-based cryptocurrency margin trading exchange.

Unique among exchanges, Kraken offers margin trading to U.S. residents and is ranked among the top 10 exchanges for its high daily trading volume.

Bitcoin margin trades on Kraken offer up to 5x leverage for both long and short trades.

Kraken boasts a significant diversity in trading options, with over 233 crypto leverage trading pairs available for margin and futures trading.

Cryptocurrencies such as BTC, XRP, ETH, and SOL are supported on this platform.

Standard trading fees range between 0.01 and 0.02% on Kraken, with an added rollover fee of the same amount applied every four hours the position continues to be open.

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The more prolonged your open trades, the higher your rollover fees. However, Kraken's stable fees on margin positions allow you to calculate trading costs with precision.

Although user verification is mandatory for KYC compliance, Kraken's process is quick and straightforward.

Kraken's robust regulatory adherence showcases it as a safe and reliable platform, with an expansive user base in over 100 countries.

Kraken Trading Fees

  • Trading fee: 0.01% - 0.02%
  • Withdrawal fee: 0.0001 BTC
  • Deposit fee: Free

Pros:

  • Kraken margin trading is available in the US
  • Deep liquidity
  • 5x leverage for margin trading
  • Pro trading interface

Cons:

  • Limited crypto trading products and services
  • Limited currency pairs

5. BingX - Best for Bitcoin Margin Trading

Established in 2018, BingX is a respected cryptocurrency exchange headquartered in Singapore. It is recognized for providing an array of essential trading services. These include, but are not limited to, spot trading, derivatives trading, perpetual swaps, and crypto options.

You're given the opportunity to leverage trade your derivatives by up to 125x on BingX. Plus, you can choose from an extensive range of crypto assets.

The exchange currently supports trading in more than 527 tokens, and continues to add new ones on a regular basis.

Discussing the fees for trading on BingX, spot trading charges are not the same for all currency pairs. In some cases, your fees might rise up to 0.17%, while most trading pairs have a steadier fee of about 0.1%.

When we look at futures, the maker fee sits at 0.0200%, and the taker fee at 0.0500%.

An attractive feature of BingX is the non-mandatory KYC process to start trading. You can trade without a verified account, but with a daily withdrawal limit of 50,000 USD and a maximum leverage of 5x.

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BingX doesn’t stop at basic trading. It also provides its users with additional trading features, such as grid trading and copy trading.

As an overall impression, BingX enjoys a good reputation and trustworthiness. It operates under multiple licenses, and has established offices in various global regions, including North America, Canada, the European Union, Hong Kong, and Taiwan.

BingX Trading Fees

  • Trading fee: 0.1%
  • Withdrawal fee: 0.00035 BTC
  • Deposit fee: Free

Pros:

  • A wide range of cryptocurrencies is supported
  • Up to 125x leverage for derivatives trading
  • It doesn’t require KYC

Cons:

  • Withdrawal limits can vary
  • Trading fee depends on currency pairs
  • Not for US traders

6. Binance - Highest Margin Trading Exchange

Binance is a globally recognized cryptocurrency exchange, acclaimed for its vast trading volume and an array of features. Originated in Shanghai, it now operates from the Cayman Islands.

Since its inception in 2017, Binance has gained popularity among crypto traders due to its diverse offerings, high leverage, and economical trading cost.

Binance offers trading in the spot and margin market and supports trading in derivatives markets including perpetual futures and crypto options.

For crypto margin trading, Binance offers leverage ranging from 3x to 5x, varying based on the trading pairs.

A standout feature of Binance is its 'insurance funds' which safeguard your account during insolvency situations.

You can trade over 600+ cryptocurrencies on Binance, and with a daily trading volume exceeding $3B, you will experience seamless trading due to its deep liquidity.

In terms of fees, Binance Futures charges a daily interest fee, varying based on the cryptocurrency chosen. The longer you hold your positions, the greater the interest.

Regular users incur a spot trading maker and taker fee of 0.1000%, but a 25% discount can be availed by paying trading fees in BNB.

Binance mandates KYC verifications for all users to ensure secure and legal transactions.

In summary, Binance Futures provides a feature-rich platform well-suited for crypto margin trading, offering a variety of cryptocurrency options and affordable trading costs.

Binance Trading Fees

  • Trading fee: 0.1000%
  • Withdrawal fee: 0.0000039 BTC
  • Deposit fee: Free

Pros:

  • One of the lowest trading fees in the market
  • Offers margin trading leverage between 3x to 5x
  • Deep liquidity
  • Multiple crypto products and services
  • Pro trading interface

Cons:

  • Binance is not available in the US
  • Regulatory concerns

7. MEXC - No KYC Trading Platform

MEXC stands out as one of the premier crypto margin platforms due to its competitive trading fees and a regular listing of new launches. Established in 2018, MEXC is a Seychelles registered centralised platform offering spot and futures.

With a daily trading volume exceeding 400 Million according to CoinMarketCap, MEXC ensures ample liquidity. It supports over 1660 crypto tokens, providing a broad spectrum for diverse investment and trading opportunities.

MEXC further features a section dedicated to newer crypto tokens for potential airdrops. Its competitive edge lies in its 0% spot maker and taker fees, with a minimal 0.01% taker fee for futures trading, making it an economical alternative to other market exchanges.

MEXC does not enforce user verification, allowing a daily withdrawal limit of 30 BTC with unlimited deposits for unverified accounts. The platform also boasts additional features such as copy trading and demo trading.

In conclusion, MEXC is a reputable, globally regulated margin platform offering an advanced trading engine. It holds an international presence, either directly or via affiliates, under some of the world's most stringent jurisdictions.

MEXC Trading Fees

  • Trading fee: 0%
  • Withdrawal fee: Free
  • Deposit fee: Free

Pros:

  • Zero trading fees
  • No-KYC Crypto margin trading platform
  • Wide range of crypto tokens
  • Multiple security features
  • Offers you up to 200x leverage for derivatives trading

Cons:

  • Regulatory concerns
  • Doesn’t support MetaTrader 4 or MetaTrader 5

8. Bit.com - Best For Perpetuals

Bit.com, a Seychelles-based crypto exchange launched in 2020, is primarily focused on crypto options and perpetuals, but also offers spot and margin trading.

Despite its recent launch, Bit.com quickly became a notable player in the cryptocurrency world.

While it doesn't feature a dedicated margin trading option, it does allow users to borrow currency to sell or use as settlement currency for derivative trades when their balance falls short.

Around 70+ cryptocurrencies, including popular ones like BTC, ETH, and newly launched ones, can be found on Bit.com's platform.

Trading fees vary with Bit.com. The exchange mandates a minimum trading volume for each token, such as $10 USD for the BTC-USD pair. Spot traders pay maker and taker fees of 0.0800% and 0.1000% respectively, but can receive discounts of up to 10.00% if they opt to pay with TON.

For margin trading, Bit.com applies certain margin trading rules. For instance, positions sized between 0-25,000 offer a maximum leverage of 50x, with a maintenance margin rate of 1%.

Lastly, KYC is obligatory at Bit.com delivering a withdrawal limit of $1,000,000 per day post the basic verification, with no cap on deposits.

Bit.com Trading Fees

  • Trading fee: 0.0800% - 0.1000%
  • Withdrawal fee: Varies
  • Deposit fee: Free

Pros:

  • Competitive trading fees
  • Supports multiple security features
  • Offers you a daily withdrawal limit of up to 200 BTC

Cons:

  • Withdrawal fees can vary
  • Limited currency pairs

FAQs:

What is Crypto Margin Trading?

Margin trading in crypto is a type of investment strategy in which the trader borrows capital from an exchange to increase the size of their trading position. This process is capable of escalating the profit potential exponentially. However, the risk factor is significantly heightened as well.

On which platform can I get the maximum leverage?

Many well-known crypto platforms and exchanges, like Binance and Bybit, provide traders with an impressive leverage of up to 100x - 125x for derivatives trading.

However, the rules differ at some places. MEXC, for instance, offers leverage up to 200x, and StormGain even extends it to 500x. But remember, greater leverage brings in higher risk along with promising returns.

What risks are involved with high-leverage trading?

Engaging in high-leverage trading might seem attractive due to the potential for higher returns, but it inherently carries a significant level of risk. Given the volatility of the crypto market, a small price movement can potentially liquidate your position when you're trading with high leverage. Hence, it's critical to have a risk management strategy in place if you choose to trade cryptocurrencies with high leverage.

Is it legal to do margin or leveraged trading?

The legality status of crypto margin trading is a complicated topic as it is heavily influenced by the regulations of different countries or regions. In some territories, it is perfectly legal, while in others, vague laws or outright prohibitions may be in force. Therefore, it is crucial to understand the local laws around margin or futures, based on your location.

What is the difference between Cross Margin and Isolated Margin?

There are two different ways to manage borrowed funds in margin trading. In Cross Margin trading, all the funds in the trader's account are used as collateral for their open positions. This type of margin trading can help avoid liquidation of positions, as all assets in the account are used to cover potential losses. On the other hand, Isolated Margin trading allows traders to restrict their risk and limit margin leverage to a certain amount. Only a specified portion of the trader's balance is put at risk, and this isolated amount of funds is used as collateral for each separate trade. Although potential losses are restricted, there is a higher risk of liquidation. Both methods have their pros and cons, and the choice between the two generally depends on the trader's risk tolerance and trading strategy.

What are the key factors experienced traders should consider when selecting a futures trading platform for margin trading?

Experienced traders should look for a platform that offers robust advanced trading tools. These tools can assist in making informed decisions, executing strategic trades, and managing risks effectively. The platform should also have a fair and transparent margin call process. A "margin call" is a scenario in which the platform asks traders to deposit additional funds into their margin account when their account value falls below a particular threshold known as the maintenance margin. They should also prefer platforms that provide extensive educational resources and customer support to assist them in understanding the complexities of trading futures. Finally, security measures, platform uptime, and the variety of available futures contracts also play significant roles in the selection process.

Conclusion

That wraps up our overview of the top crypto margin trading platforms.

As you may know, margin trading is an avenue that lets you borrow resources to enhance your position, making it a highly profitable area in the crypto world.

Your success, however, hangs heavily on the particular capabilities of your chosen exchange.

If it provides competitive trading fees, substantial leverage, and a diverse range of currency pairs, you're set for an optimal trading situation.

Therefore, do your homework on an exchange's features and its trading fees before embarking on your margin trading journey.

We wish you a lot of profitable trades.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.

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