The new mainframe for the
global economic !

Language

Best Crypto Leverage Trading Platform of 2024

January, 4th 2024

crypto leverage trading platform

2024 is predicted to be the year of upgrading the crypto market to the next level. If you are an investor and streaming for the best crypto leverage trading platform? Be happy! You have landed in the right place. We have assembled the 5 best crypto leverage trading platform? here. But before moving towards resources, understanding what is leverage trading is essential. So stay stuck here to explore this must-to-know guide.

What is Leverage Trading in Crypto?

Leverage trading revolves around the ideology of receiving loans for making investments. These indebted funds are utilized to increase the revenue of invested capital. Explaining it means the trading position of the investor is set superiorly to the amount put into the investment. For instance, leverage of 10:1 means that the required margin (vital to open a trade) is one-tenth of the transaction amount. Leverage sounds tempting as victory multiplies the winning capital.

How Does Leverage Trading Work?

Before putting reliance on investing digital assets in leverage trading platforms, it’s important to understand the leverage trading’s mechanism of action. The calculation of profits and losses depends on the investor’s total exposure. This means considering the trader’s potential risk, and how much capability exists to stand out for profit and loss. This type of trading enables the traders to put higher exposure than the invested amount.

For Example:

Suppose you are intended to purchase 10 units of capital worth $100 per unit. In x2 leverage, you have to invest $500 to achieve the full $1,000/10 units of exposure. On the contrary, you need to invest 1,000 to receive the full 10 units of exposure.

Advantages of Leverage Trading in Crypto:

When it comes to leveraged trading, traders get numerous benefits including:

Reach to Larger Positions:

The position sizes increase considerably rather than your prior asset. Because you debt extra capital from your broker, so the chances to gain profit are maximized.

Possibility for Increased Returns:

Larger position sizes boost the possibility of higher returns compared to conventional trading without leverage.

Maximize Assets Efficiency:

Exploiting leverage in trading assures you to improve capital efficiency, as you can hold a minimum credit in your account while accessing larger positions. In return, your assets get saved for other opportunities.

Important to Know:A wrong analysis when accessing larger positions might be risky. So, take a serious note of using the right analytic power.

Considerable Points in Choosing the Best Crypto Leverage Trading Platform:

When deciding to trade using leverage, choosing the right platform is crucial. A well-reputed platform understands the users’ needs and preferences and provides the perfect trading atmosphere. We have a list of factors to consider when choosing a leverage trading platform. Let’s have a look at all.

Market Repute:

A regulated resource sticks to strict rules and regulations meeting the community standards and ensuring a secure trade. The platform should be regulated by the Australian Securities and Investments Commission (ASIC). If continue trading with unregulated resources, prepare for some mishaps. You might face losing your funds.

Suitable Leverage Ratios:

Here is a suggestion to choose a leverage trading platform delivering suitable leverage ratios according to your trading strategy and risk potential. Because different resources come up with different leverage ratios based on the economic instruments and investor’s experience.

Reliability:

The trading platform should be credible and accompany a user-friendly interface. So, always look forward to a platform offering charting tools and an environment to execute the order efficiently.

Low Trading Fees:

Focus on comparing the commission percentage and fees charged on leverage trading’s platform. But be aware of fake resources’ tactics to grab novices with zero commission to low-fee offers. So, serious attention is compulsory to rely on any platform.

Interest Ratios on Margin:

Traders are always charged with interest on the borrowed funds when trading with leverage. Proceed with comparing the margin interest ratios of different platforms and select the one serving efficiently at the market-competitive prices.

Quick Customer Service:

The platform’s customer support service must be responsive to the traders. The support team should be knowledgeable and comprised of several communication ways. For instance, traders must have access to email, contact numbers, and live chat options. Along with it, a well-reputed support team is better.

Account Types:

Different platforms offer multiple account types for traders depending on capital and experience level. Select the resource providing the account type, compatible with your preferences like leverage ratios, access to particular trading instruments, and minimum deposit requirements.

Quick Order Execution:

Here is a point to understand minor delays can turn into great losses in leverage trading. That’s why contemplating quick and accurate order execution and minimal slippage is crucial. Besides, a good reputation contributes a lot.

Convenient Deposit and Withdrawal:

Consider the processing times and fees charged on the transactions. Always go ahead with picking up the platform offering easier and more secure deposit and withdrawal options.

Five Best Crypto Leverage Trading Platforms in 2024:

We have enlisted the top picks of leverage trading platforms to invest with optimal reliability and security. So, your search has ended up here. Let’s switch to the detailed guide.

1. Binance:

Binance is one of the world’s best crypto leverage trading platforms including many cryptocurrencies(over 600) like Ethereum, Bitcoin, and others. It’s a popular choice for traders because of its low fees and easy-to-use interface. Sometimes, it offers up to 125x leverage on some funds. The unique features include take-profit orders, stop-loss, futures trading, and margin trading. The safety of traders is ensured with a multi-cluster and multi-tier system structure.

Pros:

Low trading fees, only a 0.10% fee for spot trading and a 0.02% fee for futures trading.
Discount tokens for traders holding Binance’s local token, BNB.
Offers 24/7 live chat

Cons:

Binance became a victim of money laundering and fined over $4 billion.

2. MEXC:

MEXC falls under the category of the best crypto leverage trading platforms featuring leveraged cryptocurrency futures. But no expiry date is issued, you are free to set leveraged positions openly. This provider has set the highest record of leverage limits of up to 200x in the digital market. In simple words, this means if you put $100 at stake, there is a possibility to access up to $20,000 capital. This multi-coin platform covers Altcoins, Tether, Solana, Gala, Ethereum, Infinity, ApeCoin and Axie.

MEXC offers a great profit chance during the market downfall. This provider can manage almost 1.4 million orders per second and retains a handsome amount of liquidity. The low fee is a tempting side, imposes only 0.02% per slide when you trade leveraged futures. Supporting short and long positions, this resource applies no commission for spot trading.

Pros:

No demand for the KYC process
Minimum trading commissions (only 0.02%)
Offers leveraged futures without any expiry date
Supports altcoin and Bitcoin markets and allows the highest leverage limits of almost 200x

Cons:

This global crypto exchange is missing in the United States, China, and Canada

3. OKEx:

OKEx is one of the best crypto leverage trading platforms featuring hold trading on numerous cryptocurrencies including Bitcoin, Ethereum, and other. This policy offers up to a hundred times grip on some strong points and is known for its modern trading features and security measures.

In terms of security, OKExusesup-of-the-line safety computing to secure the privacy concernsof its users. The strong pointsinclude SSL encryption, multi-signature wallets, and a 24/7 customer service team.

OKEximposes trading fees a 0.03% trading fee for spot trading and a 0.02% fee for future trading. The platform also offers markdown for users who hold OKB, and OKEx native tokens.

Pros:

Compatible with margin accounts and perpetual futures
Presents decentralized crypto wallets for mobile and desktop users
Includes a broad selection of maturity dates and strike prices

Cons:

Unavailable for United States customers
UK traders can’t have access to leveraged crypto markets

4. Bybit:

Bybit specializes in offering a maximum leverage of 125x and a diversity of leveraged products. This platform supports cryptocurrencies including Ethereum, Dogecoin, Solana, and XRP. However, some limitations occur with altcoins. Bybit is one of the best crypto leverage trading platforms featuring conventional crypto futures, but works only for Bitcoin and Ethereum. This is the latest resource for “inverse” contracts.

The user-friendly layout, quick trading speeds, and offering of up to 100x leverage on several cryptocurrencies like Bitcoin and Ethereum, make it the most preferable choice across traders. The advanced features include stop-loss, margin trading, take-profit orders, and future trading. For extreme security, Bybit utilizes SSL encryption, 24-hour monitoring, and multi-signature wallets. This includes a 0.025% fee for spot trading and a 0.075%fee for future trading.

Pros:

Comes up with 125x leverage on perpetual Bitcoin futures
Offers a variety of educational resources
Allows access to short and long positions

Cons:

Comparatively higher future trading cost
Doubtful regulatory status

5. KuCoin:

KuCoin is a well-recognized cryptocurrency exchange offering up to 100x leverage on some capital. This platform supports several cryptocurrencies including Ethereum, Bitcoin, Bitcoin Cash, Arbitrum, and Solana. The easy-to-use interface and low trading fees are appealing attributes. KuCoin provides the latest features like stop-loss, take-profit orders, futures trading, and margin trading. It’s famous for compromising low trading videos, a 0.10% fee for spot trading, and a 0.05% fee for futures trading. Along with it, special discounts are offered to traders holding KCS, KuCoin’s local tokens.

KuCoin is the perfect choice for users looking forward to liquidation. Depending on the cryptocurrency, leverage of 2x or 3x exists. Aside from leveraged tokens, it also supports crypto futures. In terms of security, top-of-the-line protective measures include SSL encryption, all-around monitoring, and multi-signature wallets. It comprises over 245 different contracts, supporting USDC and USDT-settled markets. An opportunity for “Inverse contracts” is also available. Discounts are valid for users when trading with larger volumes.

Pros:

Stands out for 3x leverage without liquidation or loans
100x leverage on perpetual and inverse futures
Latest trading tools such as technical indicators

Cons:

Higher commission percentage (0.06%) compared to other platforms
Strict KYC requirements for beginners

Conclusion:

At last, leverage trading is becoming a center of attraction for traders who tend to invest in cryptocurrencies. To maximize the users’ smooth experience, several leverage trading providers have appeared in the market. This article has shortlisted some of the remarkable leverage trading resources of 2024, offering advanced features with reliable and secured services. I hope this article will prove helpful in selecting the best crypto leverage trading platform.