RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

What are the top cryptocurrency leverage trading platforms?

What are the top cryptocurrency leverage trading platforms?

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. 

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

BitMEX logo

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

Plus 500 Logo

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

Poloniex logo

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

Bitfinex logo

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

Deribit logo

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.

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