Trade Crypto with leverage – Best Margin Exchanges 2020

Nowadays it’s very popular to trade crypto with leverage but many crypto traders still ask the same question.

Where can I trade crypto with leverage?

In this article, I will answer this question and review the top crypto exchanges for leverage trading. I will also explain in simple steps how to trade crypto with leverage on each exchange.

I have decided to include the most important features for every exhanes like:

  • Leverage
  • Supported coins
  • Deposit methods
  • Trading interface
  • Trading fees

I recommend that you read through the entire review before selecting your exchange.

But, if you’re in a hurry to get started, take a look at the comparison table below.

Best Crypto Exchanges with Leverage compared

ExchangeLeverageSupported CoinsDeposit
methods
Trading
Interface
Trading
fees
Rating
125x25Cryptocurrency,
Credit Card,
Bank transfer
Basic +
Advanced
0.10%⭐⭐⭐
⭐⭐
100x8BitcoinAdvanced0.25%⭐⭐⭐
⭐⭐
100x5Credit Card,
Bitcoin
Advanced0.050%⭐⭐⭐
⭐⭐
100x4CryptocurrencyAdvanced0.075%⭐⭐⭐
⭐⭐

How does leverage trading work?

Leverage, or margin trading, works the same way in cryptocurrency as it does with the traditional trading platforms.

The way it works is that the platform you are using will provide you with extra liquidity.

Meaning, they will lend you money for your positions.

They can do this because they have contracts with liquidity providers with very deep pockets.

It’s an automatic system that will lend you as much money as you decide.

Most often you get to choose your own level of margin.

For example, 10x margin or leverage.

When you choose 10x margin, it means that you will borrow up to 10 times more money than you currently have.

So, let’s say that you have an account with 1000$.

If you borrow margin up to 10x, you will be able to trade with 10 x 1000$.

Got it?

Let’s make a more clear example.

Your Account10x leverage100x leverage
1000$10,000$100,000$

These are the maximum position sizes you will be able to use.

And thats how leverage trading works.

Don’t get to caught up trying to understand the automation behind this.

Just remember that you are borrowing money from the platform and you can trade bigger position sizes.

And don’t worry, you are not going to have to pay back any of their money because you can only lose your own account capital.

Trade Crypto with margin on Binance

Binance crypto leverage exchange screenshot

Binance is one of the largest and most secure cryptocurrency exchange platforms in the world.

They offer a range of different products for cryptocurrency and they have specialized in margin trading.

On Binance you can trade with up to 125x margin in Bitcoin and a little bit lower in many of their altcoins.

Before you start usin the margin on Binance you have to activate your margin wallet.

This is a very quick step.

Simply go to your wallets and click Margin wallet and then activate.

After that, transfer your funds and start using their margin.

Number of cryptocurrencies with leverage on Binance

Binance has one of the biggest selections of cryptocurrencies with leverage in the world.

At the moment you are able to trade 25 coins and the list will keep growing.

Here is a list of all the cryptocurrencies available for margin trading:

  • BTC
  • ADA
  • ATOM
  • BAT
  • BCH
  • BNB
  • EOS
  • ETC
  • ETH
  • IOST
  • IOTA
  • LINK
  • LTC
  • MATIC
  • NEO
  • ONT
  • QTUM
  • RVN
  • TRX
  • VET
  • XLM
  • XMR
  • XRP
  • XTZ
  • ZEC

To be able to trade crypto with margin on Binance you first have to activate your margin wallet.

You will find your magin wallet in at the top right corner of your screen.

binance crypto leverage exchange screenshot

Once you click the Wallet button, choose Margin Wallet in the drop down meny.

This will take you to your wallet and here you have to active it before you transfer any funds.

To transfer funds, all you have to to is to click the Transfer button and select the amount you want to transfer.

On the left side of the screen you will find all your other wallets so it’s easy to swtich wallets to see the current available cryptocurrencies.

binance leverage crypto wallet screenshot

Binance has made it very easy to trade cryptocurrency with leverage and once you have transferred selected cryptocurrency, you are ready to go.


When you go to your trading interface you have to the M button for margin wallet before you start.

Once you click this button you will see which crypto you can trade with margin in the list below.

binance crypto margin interface screenshot

If you came this far you are good to go.

As you can see, Binance have made it very easy to trade crypto with leverage.

It only takes a few steps to first activate the cryptocurrency margin wallet before you start.


Deposit methods on Binance

Binance is one of the easiest cryptocurrency platforms to deposit funds with. You can either buy crypto with credit card, use bank transfer, or deposit your own cryptocurrencies on to the platform.

Binance deposit methods:

  • Credit Card
  • Cryptocurrency
  • Bank Transfer

It doesn’t matter which one you choose, all three are equally simple to use.

If you want to buy cryptocurrency with credit card, all you have to is click Buy Crypto in the top left corner of your screen and select Credit / Debit card.

binance buy crypto screenshot

Now, simply choose your the crypto you want to buy with your credit card and click Buy.

Piece of cake.


If you would rather deposit cryptocurrencies to the platform.

Hover over your Wallet button again and select Spot Wallet.

binance crypto wallet screenshot

The spot wallet is your deposit and withdraw wallet on the exchange.

Inside your spot wallet you will see all the available cryptocurrencies for deposit.

Click the deposit button and this will open a new window where you will be able to copy the wallet address of the cryptocurrency.

If you have ever sent cryptocurrencies before, it’s the same thing.


Now if you would like to deposit with your bank account you can do that aswell.

Navigate to the Buy Crypto button again.

binance first page screenshot

This time choose From Local vendors and this will take you to the Bank Transfer page.

Here you will be able to choose which cryptocurrency you want to buy in the menu at the top of the page.

binance bank transfer page screenshot

As you can see, the selection of cryptocurrencies available to buy with bank transfer is not as big as with the other deposit methods.

But feel free to try it out if you prefer that.

Now, in my opinion.

I think Binance makes it very easy for anyone to trade cryptocurrency with margin thanks to the deposit methods they offer.

It makes everything very easy and my preferred choise is to buy crypto with credit card.


Trading interface on Binance

On Binance you have two different trading interfaces to choose from.

To find the trading interfaces you have to hover over the Spot market button.

binance trade button screenshot

Here you will find both the Classic interface and the Advanced interface.

I will go through both of them to let you see the difference.

First let me tell you the importance of a good trading interface when you trade crypto with leverage.

There can’t be any room for errors when trading cryptocurrency with margin, especially if you are a beginner trader.

So choosing a crypto exchange with a robust interface is a must.


As I said there are two different interfaces.

This is the Classic interface and it’s a little bit more basic.

It has less functions but it works perfectly for beginner traders who are just start to trade cryptocurrency with leverage.

binance crypto leverage trading interface screenshot

In the top right corner you have all the available markets and since you are going to trade crypto with leverage you should navigate in the margin wallet under the M button.

Up top to the left you have the different time frames depending if you are a crypto day trader or more of a cryptocurrency swing trader.

Further down in the middle you have your order selection.

Here you can choose between market orders, limit orders and stop limit.

These orders also works as stop loss orders and it’s not difficult to use.

The Classic interface comes with Volume and MACD indicators and also three moving avarages on the chart.


If you don’t like to trade crypto with margin in the dark, Binance has a very cool function at the top right side of their screen.

Here you can switch to bright mode if you prefer to trade this way instead.

binance bright style trading interface screenshot

Pretty cool.

Just click the Sun or the Moon buttons to switch between night and day.


The Advanced trading interface is a little more developed.

It comes with more functionality and is more suited for crypto traders who has more experience in trading crypto with margin.

binance advanced trading interface screenshot

The difference here is that you have more indicators to choose from. Something you might need when you trade crypto with leverage to find really strong setups.

So to have the possibility to combine indicators is a huge plus.

To the right you can see that Binance has put the order selection box and the order book next to each other.

This is not by chance.

They’ve put them together to make it easier for you to trade with order flow and see larger orders coming in from the order book.

Very practical.

Lastly they’ve put the your Open Orders section in clear vision for you to easy keep track of your Profits and Losses.

This comes in very handy when you are trading cryptocurrency with leverage because sometimes you need to be fast on the trigger to stop yourself out on some positions.


Crypto Trading fees on Binance

This is one of the reasons I prefer to trade crypto with margin on Binance.

They have got very competitivte trading fees.

The basic trading fee for market takers is 0.10%.

binance fee table screenshot

This is also when you are at a VIP level 0.

To reduce your trading fees all you need to do is trade bigger.

This is a huge advantage for large cryptocurrency traders with bigger positions, especially if you are a day trader.

So the more you trade, the cheaper it gets.


Something else to know on Binance is that you can reduce your fees instantly by trading with their own cryptocurrency Binance Coin, or BNB for short.

When you trade on the BNB market all your trading fees are cut with 25%.

binance bnb market fee screenshot

Thats huge.

To be able to trade cryptocurrency with leverage and reduce the fees by 25% is another bonus when you are tradin on binance.


How to trade crypto with leverage on Binance

Now I’ve reviewed the different deposit methods, the number of crypto available for leverage trading, the interfaces, and fees on Binance.

We are now going to go through how to trade crypto with margin on Binance.

From start to finish, step by step.

Follow these steps and nothing can go wrong.

  1. Register with Binance.
  2. Deposit funds.
  3. Open Margin wallet.
  4. Send funds to Margin wallet.
  5. Click the “Spot” button and choose a trading interface.
  6. Click the “M” button inside the trading interface.
  7. You are now ready to trade crypto with leverage!

Piece of cake.

If you get lost on your way you can always return to this review and check these steps again.

If you would like to trade cryptocurrency with margin on Binance, click here to visit the exchange.


Trade Cryptocurrency with leverage on Bitmex

bitmex crypto leverage platform screenshot

Number of cryptocurrencies with leverage on Bitmex

On Bitmex you have 8 cryptocurrencies to trade with margin.

Here is a visual representation of all the cryptocurrencies available.

crypto selection bar bitmex screenshot

What’s special about Bitmex is the high level of leverage they offer.

You can trade Bitcoin with 100x margin and Ethereum with 50x margin.

That is really something.

They might not offer most of the cryptocurrencies out there, but if you are looking to trade the major ones you will enjoy a lot of margin on Bitmex.

You don’t need to activate any wallet or do anything special to trade crypto with leverage on Bitmex.

Simply deposit your funds and choose your preferred margin on the leverage bar to the left on the trading platform.

crypto leverage bar bitmex screenshot

This is why I really like to trade on Bitmex.

There is nothing in the way, you simply deposit your funds and you are good to go.


Deposit methods on Bitmex

Bitmex has made it very simple to deposit funds on to the platform.

Instead of credit cards or bank transfers you are simply transferring Bitcoin to your wallet.

All trading on Bitmex is done with Bitcoin contracts, very simple.

No activation as I said, just transfer an amount of Bitcoin and you are ready to trade.

To deposit Bitcoin on Bitmex, click the Account button to get yo your wallet.

bitmex account page screenshot

When you are on the wallet page it’s the same as transferring Bitcoin to any wallet.

Just copy the Bitcoin address and then go to your other wallet and paste it.

The wallet page looks like this.

bitmex bitcoin wallet screenshot

The same goes for if you would like to withdraw Bitcoin from the platform.

Go to the wallet page again and click withdraw.


Trading interface on Bitmex

I really like the trading interface on Bitmex.

They only have one but it’s more than enough to trade cryptocurrency with leverage.

You will find anything from indicators, plenty of drawing tools, all time frames and different candle selections.

trading interface crypto exchange bitmex screenshot

At the top of the screen in the middle you have all the indicators to choose from aswell as the time frames.

Here you can go as deep as 1min if you are a crypto scalper.

In the top left corner you will find the order selection.

Here they have the standard market order, limit order and many different stop orders.

Pretty much all order functions you might need.

As I said before, below the order selection is the margin bar and here you can easily adjust your leverage when trading.

You can even change your cryptocurrency leverage when you are in a position, that’s neat.

And at the bottom you will find the Open Positions and Closed Positions.


One thing to mention is that the interface is completely comstumizable on Bitmex.

This means that you can pretty much drag and move everything as you want it.

Change size on anything and make it exactly like you want it.

The customization button is in the top right corner of the screen.

crypto leverage trading bitmex screenshot

Crypto Trading fees on Bitmex

One of the reason I prefer to trade cryptocurrency with leverage on Bitmex is thanks to their trading fees.

I don’t think I could trade as actively as I do on other platform with the same level of margin.

The basic trading fee on Bitmex is 0.25%

Here is the fee table.

bitmex crypto trading fee screenshot

The highlight is for traders who are market takers.

If toy are a market maker you will follow the Maker Fee section.

Most day traders and swing traders are market Takers because they usually trade crypto with market orders.

By trading cryptocurrency with market orders you are taking orders from the market and this is where the fee comes in.

The Bitcoin fee is a little lower but it also has a higher leverage.

The Bitcoin trading fee is 0.075%.

If you are going to trade Bitcoin with leverage, it’s a steal on Bitmex.


How to trade crypto with leverage on Bitmex

As you can see Bitmex like to keeps things simple and versatile.

It’s very easy to deposit funds on the platform and their interface is very costumizable.

We’ve seen all the steps on Bitmex from how to deposit to how to trade cryptocurrency with margin.

Here comes a step by step list for you to follow:

  1. Register with Bitmex
  2. Deposit Bitcoin
  3. Choose cryptocurrency
  4. Choose leverage
  5. Start trading!

I’ve been trading all cryptocurrencies on Bitmex for a while and I’m very happy with the result and the exchange.

If you would like to trade crypto with leverage on Bitmex, click here to visit the Exchange.


Trade Crypto with leverage on Prime XBT

prime xbt crypto leverage trading platform screenshot

Number of cryptocurrencies with leverage on Prime XBT

On Prime XBT you are able to trade these cryptocurrencies with leverage:

  • BTC
  • ETH
  • EOS
  • LTC
  • XRP

The maximum leverage on Prime XBT is 100x and this is as high as it gets out there among crypto exchanges offering margin.

So if you are looking to maximize leverage you have come to the right place.

On Prime XBT everything is very straight forward and this exchange truly believes in simplicity.

All you have to do to trade cryptocurrency with margin is to deposit funds and head of to the trading interface to start.

I will go throuh all of this and more, in a minute.


Deposit methods on Prime XBT

You can either deposit Bitcoin onto the platform or use your Credit card to buy crypto.

You will find both of these options in the Account section at the top left corner of the screen.

prime xbt crypto leverage account section screenshot

Once you are here you will see a big blue button that says Deposit to wallet, you can’t miss it.

prime xbt crypto leverage exchange deposit wallet screenshot

Incredibly easy to find and I really like how Prime XBT has layed out the user interface on their platform.

This makes everything very smooth and nothing can go wrong.

Click this button and you will come to the wallet section on the platform.

Here you can choose to either deposit Bitcoin from another wallet or buy crypto with your credit card.

crypto leverage exchange prime xbt wallet screenshot

So just copy your Bitcoin address or choose the amount of crypto you would like to buy with your credit card.

Prime XBT has this function thanks to Changelly which is another cryptocurrency exchange.

As you can see, both VISA and Master card works here.

If you choose to pay with your credit card, you will be redirected to the Changelly crypto exchange.

They work as an intermediate exchange between all cryptocurrency exchanges to find the best prices out there.

They have an algorithm that scans all crypto exchanges and then selects the best prices for you.

It lookes like this when you arrive and just follow the steps on Changelly.

changelly crypto exchange buy crypto screenshot

When you finish on Changelly you will see your cryptocurrencies on Prime XBT and you are ready to trade cryptocurrency with leverage.


Trading interface on Prime XBT

Prime XBT has a very cool trading interface and I really like it.

You can choose to have only one chart on your screen or four charts together.

This is what it looks like with one chart.

crypto trading chart prime xbt screenshot

And here is with four charts.

crypto leverage trading charts prime xbt screenshot

The way you activate the four charts mode is by clicking on the Charts button in the top left corner.

If you like to trade crypto with margin and can multitask at the same time.

This is a dream for you.

The trading functions are the same in One chart mode and Four charts mode.


You control pretty much everything on the charts from the tool section at the top of the chart.

leverage trading section prime xbt screenshot

Here you are free to change time frames, add indicators, us plenty of drawing tools and change the trading size.

You also have the buy and sell buttons in this section.

One cool thing about the Prime XBT trading interface is the one-click trade function.

This enables you to trade in and out of the market with one click.

You activate this function by clickin the Regular Trading button at the top of the screen.

crypto leverage exchange prime xbt scrreenshot

Crypto Trading fees on Prime XBT

If you want to trade crypto with leverage with low fees I highly recommend Prime XBT.

The basic trading fee for cryptocurrency is 0.05%.

crypto leverage trading fee table prime xbt screenshot

If you are not familiar with trading fees I can tell you that this is as good as it gets..

Another huge advantage to trade crypto with leverage on Prime XBT.

The overnight fee only applies for traders who keep their positions over night.

If you close out all your open positions before 00:00 you will not be affected.


How to trade cryptocurrency with leverage on Prime XBT

As you can see, Prime XBT likes to keep things easy and this is the new generation of crypto trading platforms.

Easy to use, a lot of functionality and a fast deposit methods.

You have seen most of the steps it takes to start out on Prime XBT and how to use their trading platform.

Now lets go over the simple steps you need to take before you start trading again to repeat and clear all confusion.

  1. Register with Prime XBT.
  2. Deposit funds
  3. Click the Trade button
  4. Choose Cryptocurrency
  5. Start trading!

Nothing can go wrong here that’s how I like it.

I’ve been trading for a while now on Prime XBT and will definitely keep doing it in the future.

If you would like trade crypto with margin on Prime XBT, click here to visit the exchange.


Trade cryptocurrency with margin on Bybit

Number of Crypto with leverage on Bybit

On Bybit you can choose from 4 different cryptocurrencies to trade.

  • BTC
  • ETH
  • EOS
  • XRP

There are no tricks you need to know about before you start trading with leverage on Bybit.

First deposit funds onto the platform.

Then hover over the Trade button at the top left corner of the first page.

Hover over the Trade button and click Inverse Perpetual to access the margin trading platform.

Bybit crypto exchange leverage tradin first page screenshot

Very straight forward. The other platform is for non leverage trading.


The maximum leverage for Bitcoin is 100x.

The maximum leverage for other cryptocurrencies is 50x.

You can easily change the leverege while you are trading by draging the dot on the leverage bar in the top right corner of the interface.

bybit crypto exchange leverage bar screenshot

Super easy and very useful if you need to lower or increase the amount of leverage while you are trading.

Sometimes the market conditions don’t allow for maximum margin and then you need a fast way of changing it to control your risk.

When the market conditions are more stable and you can change it back in an instant.


Deposit methods on Bybit

On Bybit you can only deposit cryptocurrencies, but it’s very easy as you’ll see in this example.

First click your account email address in the top right corner and then click My Assets.

This will take you to your wallet page and here you are free to deposit any of the cryptocurrencies available.

Choose cryptocurrency and click Deposit on the right side of the page.

Once you’ve chosen your cryptocurrency and clicked deposit a new window will pop up with the cryptocurrency address.

Copy this and paste it in your other wallet.

Once you have done that, click Confirm.


Trading interface on Bybit

This is how the trading interface looks when you trade crypto with leverage on Bybit.

I definitely like this interface because of the layout.

At the top left corner you have your different time frames to choose from.

1min is available here if you are a cryptocurrency scalper.

At the bottom of the page you have your open orders and trade history. Very nice to keep track of during trading and good to analyze after the day is over.

And as you’ve seen before in the top right corner you’ve your leverage bar, but you also have the order selection in this box.

They’ve put the order selection together with the margin and the order book to make it easier for active crypto traders.

This is very handy if you are reading order flow and need to adapt to the market by changing leverage.

Not much more can be said, you have all your standard incidators since Bybit is importing the charts from Tradingview.

This way you know it’s quality.


Crypto Trading fees on Bybit

Like all the other cryptocurrency exchanges we’ve seen, Bybit is also very competitive when it comes to trading fees.

Here is a fee table for basic fee.

The basic trading fee for market takers is 0.075%.

Also incredibly low compared to many other exchanges.

Trust me when I say this is a key factors when you trade crypto with leverage.

When you trade with margin, your position sizes tend to be larger than normal, and the same goes for the fees.

Trading fees are based on the size of the excecuted position.

So if you are using 100x leverage, your trading fees will be 100x larger aswell.

So trading crypto with low fees is a must!


How to trade cryptocurrency with leverage on Bybit

Bybit is another platform that is a firm believer in simplicity and functionality.

They mix these to concepts really well and make trading easy and robust.

We’ve seen how to deposit funds and also how the trading interface works.

Now to summarize this I’m going to give you a step by step list on how to trade crypto with leverage on Bybit.

  1. Register with Bybit.
  2. Deposit funds.
  3. Hover the Trade button.
  4. Click Inverse Perpetual.
  5. Choose cryptocurrency.
  6. Start trading!

Should you need to go through any of the steps in more depth just go though the review one more time.

Trading on Bybit has been very good to me thanks to the easy to use interface and very low fees.

If you would like to trade crypto with leverage on Bybit, click here to visit the exchange.


What is leverage in crypto trading?

Cryptocurrency margin trading has the same functionality as leverage trading on traditional stock exchanges.

Leverage is a way to trade with more capital than you currently have.

You do this by using capital from the exchange, almost like a loan, but without repayment.

For example, if you have 1000$ on your trading account and you trade this money with 100x leverage.

You are able to take 100 times larger positions than normal.

So with your 1000$ you would be able to trade:

  • 1000$ x 100 = 100,000$

You can now open a position of 100,000$ with your 1000$ account.

That is the basics of how leverage works in crypto.


Many traders gets confused with the idea of cryptocurrency and leverage.

It’s almost as it would be impossible to do.

Remember that the exchanges providing margin are centralized exchanges and they don’t operate on the blockchain like other DEX’s (Decentralized Exhcanges).

So they have the same trading infrastructure as normal exchanges.


Now that we’ve got that out of the way, let me give you a very simple explanation to how margin works on exchanges in crypto.

Crypto exchanges have a cooperation with liquidity providers that lend them money, A LOT of money.

When you trade cryptocurrency with leverage, you are partly using your own capital and the exchange’s capital.

Think of it like the exchange is lending you money so you can trade larger size, on their trading platform.


Don’t worry, they will not be mad if you lose their money, because that’s impossible.

You can’t lose any money the exchange lends to you.

You will only lose your part of the capital.

This is why it can be risky to trade with leverage since larger market moves can wipe out your small portion of capital in the position.

Also remember that only the capital you enter the position with is lost, not your account capital.


The reason why trading crypto with margin can be so profitable is because when you lose, you only lose your part of the capital.

But when you win, you get to keep all the profits.

Exchanges makes money from this by charging you a trading fee, which is very normal for any exchange.

So if you keep making profits while you trade on the exchange, it’s a win win situation.

So the next time anyone asks you what leverage is in crypto trading, you have the answer!


Conclusion

Before you trade crypto with leverage you need to know which exchange to choose and why.
In this review I tell you everything you need to know to start trading, from depositing funds to making your first trade.

If you only want to see the stats of each exchange, check the compare table on the top of the article.

If you want a quick guide on how to start trading on each exchange, you will find it at the end of each review.


If you would like to read more about cryptocurrency and Crypto exchanges, make sure to read these articles:


What is leverage in crypto trading?

Leverage is a way of trading with more capital than you currently have. When trading crypto with margin you are using capital from the exchange. 100x leverage means that you can trade with 100 times more capital.

Can you trade with leverage on Binance?

Yes you can. Binance offers margin trading from 5-100x leverage.

What crypto exchanges offer margin trading?

Binance, Bitmex, Prime XBT, and Bybit are some of the exchanges that offer margin trading in crypto.

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