When trading crypto on leverage it is important to understand that you are taking on more risk than you otherwise would. This increased risk is traded for the possibility to achieve increased rewards. It is important to pick a secure exchange with low fees to give you the best possible chance of success.
What are the top Cryptocurrency leverage trading platforms?
Below is the list of top credible exchanges where you can leverage trade your Cryptos
BITMEX
PLUS 500
POLONIEX
BITFINEX
DERIBIT
BitMEX
Image Credits: Google Images
Bitmex.com is one of the largest bitcoin trading websites in the world. It was founded in 2014 by Arthur Hayes, Samuel Reed, and Ben Delo. This site gained a lot of popularity over the last few years. Over 1 million bitcoins were traded on this website in the summer 2018 alone. That obviously is a huge amount of bitcoins to be traded in such short period of time. The major difference between BitMEX and other bitcoin trading sites is that BitMEX accepts deposits only in bitcoin. No other fiat currency wire transfers what so ever. Leverage trading is one of the major financial services that Bitmex.com specializes in providing and is widely known for its services in that space.
| Reviews | 9.7 |
| UI and UX | 10/10 |
| Payment Options | Only BTC, No fiat currency transfer |
| Anonymity | YES |
| Min Deposit | 1 USD in BTC |
| Security Measure | Bitcoin in cold multi-signature wallet & two-factor authentication |
| Leverage Offered | Up to 100x |
Pros
High volume & liquidity
High leverage up to 100x
Great user interface and experience
Great customer service
Extremely secure
Variety of alt coins that can be traded
Cons
Confined to US traders
No fiat currencies are accepted for deposits, only BTC!
Complicated fee structure
Plus 500
Image Credits: Google Images
Plus 500 is one of the best contract of difference (COD) trading companis. Plus500.com offers CFDs of major cryptocurrencies with respect to leverage trading. It is extremely secured and authorized. It has a great user interface and is very easy to navigate. Users can margin trade with a maximum of 1:30 leverage.
| Reviews | 8.5 |
| UI and UX | 9/10 |
| Payment Options | Visa/MasterCard credit card, Moneybookers or through any wire transfer |
| Anonymity | YES |
| Min Deposit | 100 Pounds |
| Leverage Offered | Up to 30x |
Pros
Brilliant user interface and experience
Extremely easy to navigate and learn, useful for novice traders
Credible and has brand value
Cons
Less variety of cryptocurrency pairs
You do not own your crypto’s private keys
Poloniex
Image Credits: Google Images
Crypto traders are more inclined to Poloniex as it provides the maximum number of cryptocurrency trading pairs compared to any other exchange. It is one of the pioneers in cryptocurrency exchange space and was acquired by Circle in a $400 million deal. Poloniex doesn’t feature any fiat to cryptocurrency trading. It has an easy to understand user interface which makes trading simple, easy, and straight forward. Great variety, high security, and high liquidity set Poloniex apart from other exchanges.
| Reviews | 8.3 |
| UI and UX | 8/10 |
| Payment Options | BTC & other supported cryptocurrencies, USDT |
| Anonymity | YES |
| Security Measure | 2-factor authentication |
| Leverage Offered | Upto 2.5x |
Pros
Simple and seamless interface
Variety of cryptocurrency asset pairs
High liquidity
Lot of options for margin/leverage trading
Leverage trading of altcoins
Acquired by Circle
Cons
No fiat trading
Slower compared to other major exchanges
Poor customer support
No advanced order types
Visit our Poloniex review for more information.
Bitfinex
Image Credits: Google Images
Bitfinex.com is a Hong Kong based exchange which started its operations in 2012. It became the world’s largest bitcoin exchange and continued to hold its position in the top five exchanges. It got hacked in August 2016 and 70 Million USD worth of coins were stolen from many user wallets. However, Bitfinex was able to withstand the hack and recovered from it. It is quite user-friendly and the site offers trade markets for 11 major cryptocurrencies such as Dash, Monero, and Ethereum. Bitfinex owns ETHfinex which is the corresponding exchange for ERC-20 based tokens. It offers users to borrow funds for large margin positions and offers marginal trading features with leverage up to 3.3x!
| Reviews | 7.7 |
| UI and UX | 7.5/10 |
| Payment Options | USD, BTC, ETH, ETC, XMR, LTC, DASH, ZEC |
| Anonymity | YES but photo ID required for deposits in fiat currency |
| Min Deposit | 20 USD |
| Security Measure | 99.5 % of client funds in cold storage, two-factor authentication & e-mail encryption |
| Leverage Offered | Up to 3.3x |
Pros
High volume
High liquidity
Variety base assets
Wide range of cryptocurrency pairs
Unlimited withdrawal
Availability of in-house mobile app
Cons
Can trade on leverage only up to 3.3x
Blamed for price manipulations
Was hacked in 2016
Visit our Bitfinex review for more information.
Deribit
Image Credits: Google Images
Deribit is Amsterdam based exchange started as bitcoin futures and options trading platform in 2016. It is currently the only platform that offers bitcoin option trading and the second biggest exchange that offers bitcoin perpetual swap contracts. Deribit keeps the majority of its assets on a cold wallet and 1% of the total reserves are kept on a hot wallet that makes immediate withdrawals possible. However, Deribit’s UI is a bit unorganized. Also, leverage trading works differently from how you might expect, in that your whole account is used as margin. You can isolate margin by manually specifying the amount of contracts and stop-loss in order to get your desired risk and leverage.
| Reviews | 7 |
| UI and UX | 6/10 |
| Payment Options | BTC & fiat currencies |
| Anonymity | YES |
| Min Deposit | 10 USD |
| Security Measure | Amazon Web Services are protecting their data |
| Leverage Offered | Up to 100x |
Pros
Very secured
Has never been hacked
Great leverage
Huge Volume
Cons
Poor UI
Relatively new exchange
About the author: Visit BossCrypto or the author's profile to learn more about Boss Cole.