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Best 9 Crypto Margin Trading Exchanges in 2024

December, 30th 2023

Crypto Margin Trading has grown in popularity in both the cryptocurrency and traditional financial markets, allowing traders to amplify their positions and potentially increase earnings. As we approach 2024, it's critical to stay up to date on the best margin trading exchange platforms. In this article, we'll look at the top six Margin Trading Exchange platforms to watch in the coming year. These platforms provide a variety of features, ranging from high-leverage choices to a diverse spectrum of crypto assets. These platforms are worth considering for your trading activities in 2024, whether you're a seasoned trader or a newbie to Margin Trading Exchange. In this article, we'll compare the Best 9 crypto margin trading exchanges in 2024, evaluating features and tradable cryptos, as well as the exchange's pros and downsides. Let's get this party started.

What is Margin Trading?

Crypto Margin Trading, also known as leverage, is a trading method in which investors borrow funds based on the crypto assets they currently hold in order to increase their trading positions. Margin trading, like making credit purchases, is using funds given by a third party to boost the size of your trades. This method allows traders to potentially increase their profits when their deals move in the right direction. Margin trading is fairly widespread, and it works especially well in low-volatility markets like global Forex. It has recently shifted in favor of the stock, commodity, and cryptocurrency markets.

Best 9 Crypto Margin Trading Exchanges in 2024

Here are the top 9 crypto margin trading exchanges in 2024 that are the best for trading in crypto:

1. Binance - Best Overall Exchange for Margin Trading

binance crypto platform

It is the best of all 9 crypto margin trading exchanges in 2024. Binance is the world's largest cryptocurrency exchange by volume! South African traders can use the site to purchase, sell, and trade hundreds of cryptocurrencies for cheap costs. Binance is the Crypto equivalent of Amazon.com. They have a robust environment that rewards committed users. The more you trade on Binance, the greater your benefits will be. As a derivative Futures product, Binance provides Margin Trading of up to 125x. However, new accounts are limited to 20x. Spot margin trading for Cross is only accessible at 3x; isolated margin trading is possible at 5x. The majority of platforms are similar. Some solely provide Futures trading, while others provide Leveraged Tokens (other derivative instruments).

Pros

Liquidity is abundant.
For spot trades, margin trading is simple.
If you pay with BNB, you will receive a 25% fee reduction.

Cons

Not accessible in the United States or Canada.
A more complex trading interface

2. Coinbase

coinbase crypto platform

Coinbase is a good place for newcomers to the Bitcoin world to start. It is the greatest spot to start for crypto exchanges because of its resources and security features. There are over 200 trading coins and alternatives for consumers to diversify their investments, which will make it the most useful crypto from all 9 crypto margin trading exchanges in 2024. You can begin producing crypto rewards on Coinbase in exchange for learning the fundamentals of specific cryptocurrencies or staking some of your crypto.

Pros

Integrated with Coinbase Advanced
US trading is regulated by the CFTC
Greater transparency as a publicly traded company.

Cons

The certification procedure in the United States
There is no margin for spot trading.

3. MEXC

coinbase crypto platform

Today, MEXC serves over 10 million customers worldwide and is available in over 170 countries. The exchange debuted in 2018 with the purpose of making cryptocurrency trading more accessible. It will be the best trading exchange of all 9 crypto margin trading exchanges in 2024. Bitcoin margin trading is offered via perpetual futures contracts with no expiration date. Depending on the contract, settlement possibilities include Tether (USDT) or Bitcoin (BTC). Other coin-settled contracts include popular assets such as ETH, XRP, and ADA (a total of six options). There are well over 100 options for USDT-settled contracts, including BTC and ETH, as well as popular trading names like IOTA, SOL, and PEPE.

Pros

Leverage options of up to 200x200 perpetual futures markets are available.

Futures demo account

Cons

Cash deposits from the United States are not accepted.

4. Kraken

kraken global platform

Kraken, founded in 2011 and located in San Francisco, is one of the world's most respected cryptocurrency exchanges. On its professional-grade trading forum, Kraken Pro, the San Francisco-based trade allows investors to buy, sell, and hold over 200 cryptocurrencies while incurring modest fees.

In the early days of the crypto asset market, it will become the most powerful of all these 9 crypto margin trading exchanges in 2024. This feature-rich crypto exchange established itself as the go-to platform for professional investors, and it has maintained its image as a dependable and professional trading venue. Furthermore, Kraken's funding choices are limited, with wire transfers being the major payment method for Kraken users. ACH transactions are not accepted.

Pros

A large variety of cryptocurrencies are supported.
Kraken Pro charges a low fee.
Exchange of highly liquid currency

Cons

Not accessible in all states in the United States.
Account funding possibilities are limited.

5. OKX

okx crypto platform

OKX, which boasts 20 million users in over 100 countries, has risen up the ranks of cryptocurrency exchanges since its inception in 2017. OKX is one of the finest margin trading crypto exchanges of these 9 crypto margin trading exchanges in 2024due to its powerful trading tools, which include a demo account and trading bots.Using a no-risk demo account, you can test trading methods or learn about OKX's features. When you're ready to trade with leverage, the platform allows for up to 10x leverage in spot market trades and up to 100x leverage in regular futures contracts with an expiry date or perpetual futures contracts that never expire. OKX also provides a diverse range of trading bots. Pre-programmed bots can trade on your behalf at any time of day or night, with or without leverage.

Pros

Demo account with full functionality
Spot trade margin trading
200 long-term contracts

Cons

Not accessible in the United States or Canada.

6. KuCoin

ku coin crypto exchange

We like KuCoin because it allows beginners to trade more than 700 altcoins. KuCoin is a social trading platform with more than 20 million investors in 200 countries. KuCoin's newbie zone pays new users up to $500. The rest of the platform provides plenty of options for crypto enthusiasts, including a staking service that allows you to earn money on your stored cryptocurrency, an NFT marketplace, and margin trading features for purchasing leveraged tokens. Trading fees are assessed on a sliding scale. Fees for trading volumes less than 50 BTC in a 30-day period are 0.1%. If you pay your fees in KCS or have more than 1000 KCS in your account, you can get a discount. In the future, maybe it will be the most useful crypto from all these 9 crypto margin trading exchanges in 2024.

Pros

Anonymous trading with up to two BTC withdrawals per day
A wide range of cryptocurrencies
There are no deposit costs.

Cons

Low trading volumes do not suit large traders.
Does not support consumers in the United States.
During peak traffic periods, you may notice delays and lags.

7. Bybit

bybit crypto exchange

Bybit is a cryptocurrency exchange that was created in 2018 and offers a variety of crypto investment options, including margin trading. With differing maximum leverage levels, the exchange supports both Cross Margin and Isolated Margin. Bybit traders can benefit from capital efficiency-oriented innovations thanks to its improved Portfolio Margin Mode, which was introduced in June 2022 and must be a useful trade from all these 9 crypto margin trading exchanges in 2024. When the functionality is enabled, the overall risk of a trader's hedged portfolio is estimated, resulting in lower margin requirements and higher capital efficiency. When using USD Coin perpetual contracts and options, the Portfolio Margin Mode is accessible, with plans to expand to Tether products in the near future.

Pros

USDT, USDC, DAI, and BTC-denominated pairs are supported.
The margin needs to be computed for the entire portfolio.
There are over a hundred crypto asset pairings.

Cons

5x maximum leverage level

8. Bitfinex

bitfinex crypto exchange

Bitfinex is the most established and liquid major bitcoin exchange. It was founded in 2012 and has since become the preferred platform for professional traders and institutional investors. Trading derivatives (up to 100x) on Bitfinex is restricted to verified intermediate and higher-level customers in designated qualified jurisdictions. Margin Funding is another popular option on Bitfinex. It offers a safe way to earn interest on fiat and digital assets by funding traders who want to trade with leverage, and this thing will make it different from all 9 crypto margin trading exchanges in 2024. Users can offer funding in a variety of currencies and help at the rate and length of their selecting.

Pros

Promotions centered on margin trading
There is no need for a KYC.
On perpetual contracts, you can get up to 100x leverage.
Nearly 100 cryptocurrencies are supported.

Cons

Residents of the United States are not eligible.
COIN-M perpetual contracts only support BTC and ETH.

9. Crypto.com

crypto.com exchange

Crypto.com is one of our list's most recently launched platforms. Despite its late 2021 market entry, Crypto.com has swiftly established itself as one of the top crypto margin trading platforms from all these 9 crypto margin trading exchanges in 2024, thanks to a potent mix of an easy-to-use UI and approximately 60 supported leverage pairings. Margin traders can engage in USDT, USDC, and BTC-denominated deals with up to 10x leverage on the platform, which is widely regarded as one of the top mobile-centric exchanges for buying and selling cryptocurrency. Users who stake Crypto.com's native Cronos token can profit from daily margin interest rates as low as 0.008%.

Pros

Best exchange rate for mobile users
CRO investors might earn as little as 0.008% per day in interest.
Over 50 digital currencies are supported.
Leverage of up to 10 times

Cons

In CRO trading pairs, only ETH and ATOM are accessible.
To unlock minimal trading fees, CRO staking is required.

Conclusion:

So, there you have it, my list of the Best 9 Crypto Margin Trading Exchanges in 2024 available. You must recognize that while all of these exchanges are suitable for trade, they are also a target for hackers. Furthermore, because these exchanges deal with large sums of money, the risk multiplies in the case of margin or leveraged trading. Even if you just do day trade or margin trade, storing your money on these exchanges should be done with caution because it is not safe. The following exchanges have additional security features, such as 2-FA authentication, which you should always utilize.