Welcome, in this article we list the best crypto leverage trading platforms in terms of credit card deposit fees, crypto markets, trading fees, mobile app, futures and user interface.
Many traders are looking for Bitcoin leverage trading to maximize their profits. You must do margin trading or crypto derivative trading to get a leverage.
Many people start to trade crypto with very high leverage too early. They are trading without having the knowledge of what leverage is and what fees are associated with leveraged products.
Remember that leverage trading impose higher risk for trading. Always commit time for proper risk management. We created a guide for crypto trading risk management.
What is crypto leverage trading?
Crypto leverage trading is a tool that allow you to trade with the help of borrowed capital. Here, it´s important to understand that you have to pay interest on the borrowed capital. Also, you can be force to close your position if there is risk that you can´t afford to pay back the borrowed capital.
An example is
- You hold 1 Bitcoin in your account but you want to go long 2 Bitcoin
- Now, you need to borrow 1 Bitcoin from the trading platform (You will probably borrow USDT). This corresponds to 2x leverage
- Once you have done the trade you have now to pay interest on 1 Bitcoin every 8h (This is normal interval but can be every hour as well. Still the interests are given as yearly so you can easily compare them)
- You also need to understand that there are margin calls where your position might be liquidated. For example, if the Bitcoin price decreases with 50% your position is worth 1 Bitcoin but you also owe your borrower 1 Bitcoin so your loss is 100% and your position is probably forced to liquidation before this occurs.
Credit Card Deposit Fees
In the table below, we have listed the best crypto leverage trading platforms offering credit card deposit as an option.
Credit card are expensive to use and you can see this since fees starting from 1.8%.
*It´s possible to deposit via credit cards but you must go via a 3th party service and they charge their fees.
Highest Futures Leverage Crypto Trading Platforms
In the table below, we have listed the highest leverage you can trade on futures and perpetuals (futures without an expiration date).
Make sure to understand that these are extreme high leverage and could potentially eliminate your portfolio in minutes, if not seconds.
Perpetual and Futures markets with crypto leverage
In the table below, we have listed the number of markets supported by each crypto leverage trading platform.
Here, you can compare the number of perpetuals and futures markets available on each platform.
Can I stake a short position on perpetuals and futures?
Yes, shorting a Bitcoin or any other crypto asset is available with perpetuals and futures as long there is a market. Read more about how to short on Binance and Bybit.
Crypto Derivative Trading Volumes
In the table below, we have listed the derivative trading volumes for the best crypto leverage trading platforms. As you can see, Binance is the dominant one offering the best trading volumes.
What you should be aware of is that smaller trading volumes can create larger spreads and more slippage which can be very important. Slippage will only hurt you if you trade very large volumes while high spreads will impact even traders with low trading volumes.
Futures Trading Fees
Here, we have compared the different trading fees for futures contracts. It´s important to understand the difference between maker and taker fee.
Also, all platforms have different VIP levels and if you belong to a higher VIP level, you pay lower fees. In the table below, we have listed the highest trading fees (the lowest VIP level) and the lowest futures trading fess (highest VIP level).
For Binance, this is not 100% accurate because you can pay even lower fees if you pay your fees with the Binance coin BNB. In addition, they have BUSD settled futures which are cheaper to trade in terms of fees (Table is USDT futures). Also, you can reduce the Crypto.com exchange trading fees further by staking CRO or becoming a VIP tier.
What risks are associated with Bitcoin Leverage Trading?
Although many would benefit from this tool, lenders and borrows alike, there are high crypto trading risks associated with bitcoin leverage trading as well.
Cryptocurrencies are a very volatile market, where changes and trends occur in the matter of few hours, if not minutes. Thus, as one can earn 10x more profit so can he/she lose as well. If a trade for $100 occurred under 10x rate with 10% of negative price trend, entire order would be lost.
Beginners should first educate themselves about the market before using this tool. Many a starter lost entire savings by trading with emotions while using large leverage rates.
Also, its important to understand how the fees are charged by the trading site. Since you borrow money when you are trading with leverage you must pay a fee, or a interest, on the borrowed money.
Look on our favorite Youtube crypto channel describing what Bitcoin leverage trading is.
Binance Crypto Leverage Trading
Binance is the best crypto exchange because they offer the lowest fees and the best trading features. However, there are some other trading platforms that have found their niche. We discuss and present those trading platforms later in this article.
On Binance you can trade with leverage with several different products. Binance has margin trading, derivative trading and leveraged tokens.
In the screenshot below you can see the different derivative products on Binance. You can get up to 20x leverage on Binance.
Binance Referral Code: -20% on all commissions with our link
Kucoin Crypto Leverage Trading
Kucoin is one of the best crypto leverage trading platforms. Kucoin is the closest you can get to Binance in terms of features and liquidity. In addition, Kucoin offers higher leverage and approve US customers.
The best part is that you also receive -20% on all trading fees ever charged by Kucoin with our referral code.
ByBit Crypto Leverage Trading
ByBit is a pure cryptocurrency derivatives trading platform. It means you dont go to Bybit if you are looking for a simple crypto exchange.
If you are looking for a simple crypto exchange you go to Coinbase if you are a US citizen and Binance if you live outside US.
With ByBit you can do leverage trading with up to 100x leverage on BTC/USD and ETH/USD trading pairs. The derivatives exchange offers perpetual contracts that follows the cryptocurrency spot price, not the actual cryptocurrency assets.
Read more about Bybit in our Bybit review.
Morpher leverage trading
Morpher trading platform is where to start if you have very low capital to start trading with.
Morpher is a great option if you want to start learning trading crypto with zero risk.
Sign up with Morpher and get 100 free MPH tokens. With the MPH tokens you can speculate on around 1000 different assets including approximately 100 different cryptocurrencies. You can trade up to 10x leverage on Morpher.
Read more about Morpher trading platform or sign up using the button below.
How to report tax on crypto leverage trading?
Reporting tax on crypto leverage trading can be time consuming and complex since there are so many different things to consider.
We are using a crypto tax software which automatically imports all your transactions from the trading platform, categorize them, and calculate your taxes for you.
We use Koinly as we think they have the best crypto tax software for an affordable price.
Best Crypto Trading Bot for Leverage Trading
We think Coinrule is the best crypto trading bot for leverage trading.
With Coinrule you can connect to Binance, Binance US, Poloniex, Bitpanda Pro, Coinbase Pro, Bitstamp, HitBTC, Kraken, Liquid, OKex.
If you trade on Kucoin or ByBit you might want to try Wunderbit crypto trading bot.
Conclusion - Where to trade crypto with high leverage?
Through this guide, our readers have the answer to where can I trade crypto with the highest leverage.
It is important to mention once again that high leverages can lead to big profits but also crippling losses. Also, we recommend readers to learn more about the crypto trade by reading our articles regarding lowest deposit and lowest trading fees.