5 Best Crypto Exchanges for Margin Trading in 2022:
Crypto is getting in everyone’s life day by day and everyone is adopting it faster than anyone expected there are certain reasons for that. Crypto is a new asset in the market and it has made many people rich in a short time, that’s why everyone is running after this, you can earn crypto in many way most common of them is buying, mining and trading. Today we are going to talk about the exchanges where you can trade crypto on margin you may also know this as leverage trading, and we are going to discuss in detail the best platform which provides leverage trading services. Should you use leverage trading? what are the risks involved?
Margin trading is a way of using funds provided by a third party to conduct asset transactions, this feature allows you to tades on funds more then you have in your account.
Trading is the best way to make money in the crypto market.
Best Margin Trading Platforms
This is the best crypto exchange in the market not just for selling or buying crypto but also provides many services like staking, margin trading, NFT trading, and many more. Binance has the maximum daily trade volume among all exchanges and provides maximum liquidity.
Before you start margin trading you have to verify your account which is (KYC). and finance must not be blacklisted in your country like US, you cannot use margin trading in US.
Binance supports margin trading and you can execute your trade in seconds without any problem like the other normal buying and selling trades.
You can do spot trading up to 10 and derivative training up to 125x on Binance. and you can do short as well as long positions.
An insurance fund protects your account when your equity is lower then 0r the asset of the pledged currency borrowing orders are insolvent. and the risk fund protects your digital assets from all risks.
2. FTX (Failed)
FTX is a crypto derivatives trading platform launched in May 2019. FTX is made by traders for the traders. As of 2022, the company have over a million registered users and daily trading volume have reached more then a billion dollars.
US users cannot trade on globe platform, that have a separate FTX.US exchange for US customers only, which have reduced functionalities and fewer cryptocurrencies listed.
This exchange is restricted in many countries you have to check your country first and decide, whether is it profitable to use this change for you or not.
The crypto exchange offered advanced trading opportunities for both experienced traders and newbie investors : spot trading, Margin trading, future trading are available to users.
FTX supports up to 20x leverage. On the spot, qualified users have access to up to 10 market leverage. It also offers cross-margin for a fairly wide range of coins. The leverage offered by this platform is comparatively less then the other platforms so if you trade on high leverage then you should have a look for the other exchanges listed above and also this exchange faces various restrictions in various countries.
This exchange have more than 300 crypto assets listed in its platform.
BitMex is a P2P crypto products trading platform that offers leveraged contracts that are traded in crypto. BitMex has gone quite popular in a short period of time. The only defect is that it only handles cryptocurrencies, not fiat. BitMex allows trading with a high amount of leverage.
Bitmex offers leverage up to 100x on its products. That means you can buy 100 bitcoins even if you have only 1 bitcoin. but of course, everything comes with its own fair share of risks. with a high average comes accelerated profit and loss.
BitMex employs Auto Deleveraging which means that in some rare cases, leveraged position in profit may be reduced during a certain period if a liquidated order cannot be executed in the market.
Trading on Bitmex may be new experience for some users the products offered and product type.
And Traders are advised to learn about the various Margin terminologies used in the BitMex.
Baybit exchange came in existence in 2018 and today this is one of the biggest trading platforms by daily trading volume. Baybit is a cryptocurrency centralized exchange (CEX) that offers a professional platform featuring an ultra fast matching engine, quality customer service and multiple language support for al types of traders of all levels. It has more then 10 million users and has more then 100 assets and contacts across spot and crypto derivatives.
The biggest advantage is that you don’t need any KYC if you are trading only on crypto. but if you want to involve yourself with fiat you need to verify yourself.
Bayit exchange offers trading up to 100x leverage on crypto derivative products. Users can use isolated margins and cross margins as well, customers have access to inverse perpetual, crypto futures, crypto options, and leveraged tokens.
Poloniex is another global crypto-centralized exchange (CEX) backed by Justin Sun, founder of Tron. This exchange has over 350 cryptocurrencies and tokens which can be traded in the exchange with a bank account, credit card, debit card, and Apple Pay.
Poloniex provides many products like Spot trading, margin trading, futures trading, and perpetual swaps, limit orders, P2P, crypto staking and a trading terminal.
Margin trading is one of the crucial features of Poloniex margin trading, which allows platform clients to trade with leverage of up to 2.5x. Poloniex future offers leverage up to 100x.
If you are looking for best crypto trading platform click here.
Disclaimer: Future and Margin trading involve high risk, so trade carefully, above information is for educational purposes only not any trading advice, SocialBlazes is not responsible for the loss of your crypto in the market.