There has been a lot of questions regarding where to short Ethereum. So, I thought I would share some wisdom since I know plenty of good exchanges. When shorting a cryptocurrency you generally want to look for a trading platform with low trading fees. The reason is that when you short-sell Ethereum for example, you need to trade on a platform with leverage.
This usually means that you are going to take bigger positions than you normally would. So, the bigger the position the bigger the fees.
You can see how it would be optimal to short cryptocurrencies on a platform with low trading fees.
I’ve gathered the best cryptocurrency exchanges I know where shorting Ethereum is possible and where the trading fees are very low.
Some of these exchanges offer higher leverage then others but I do recommend that you start slow because shorting crypto with leverage can be somewhat risky if you are new in the game.
In a minute you will see a comparison table of the best crypto trading platforms to short Ethereum but I suggest you go through the whole review before you pick your winner.
To make things very simple, I’ve included a step by step explanation on how to short-sell Ethereum for each exchange.
However, if you are in a hurry, check the comparison table below before you start trading.
Best Exchanges to short Ethereum (ETH) Compared
|3.50%||0.10%||Basic + |
Where can you short Ethereum?
Yes, it’s absolutely possible to short Ethereum. You just need to know where to look.
That’s why I’ve made this article, to make it easier for you to find the right exchange.
In this review and guide on how to short-sell ETH, I’ve included the top 5 exchanges I know of.
List of exchanges where to short Ethereum:
If some of these exchanges are new to you, don’t worry.
There will be a how to guide on each exchange to make things easier.
It’s a simple step by step explanation on how to short ETH for each exchange.
Bitmex is a derivatives cryptocurrency trading platform that offers short-sell and leverage trading. They also offer short selling in 8 coins and this includes leverage as well.
What Bitmex is very popular for is the fact that they offer a very high level of margin when you short cryptocurrencies.
Usually, a crypto trading platform would offer around 3x or up to 10x leverage.
But Bitmex offers from 20x up to 100x leverage on Cryptocurrencies when you are shorting.
You will find the ETH contract at the top of the trading interface.
How to short Ethereum on Bitmex
I’m going to make things very simple with this explanation.
Before you follow the guide make sure that you have deposited your cryptocurrency on Bitmex.
Shorting Ethereum on Bitmex is very straight forward and I think this is one of the best ways to do it.
Step by step explanation on how to short Ethereum on Bitmex
- Visit the Exchange!
- At the top of the trading page, click Ethereum.
- Choose positions size.
- Click Sell / Short.
Also remember that you can change leverage on Bitmex while you are trading.
You can also change the leverage while you are in a trade.
For me shorting Eth on Bitmex is one of the best ways because it’s so fast and easy.
Binance is another cryptocurrency exchange that offers margin trading with Ethereum.
Binance doesn’t offer as much leverage as Bitmex but you are still able to short-sell on the platform.
What’s a little bit better with Binance is the fact that you have two different trading interfaces.
Depending on your level of experience you can choose between the Classic interface and the Advanced interface.
If you are new to cryptocurrency trading, I would recommend that you start out with the Classic interface.
Binance is another great way to short-sell ETH and once you learn how to navigate on the platform it will be very straight forward.
Here is a quick look at the classic trading interface.
I’ve highlighted the top right corner on the trading interface.
This is the market selection box.
All cryptocurrencies with the 5x symbol next to it is available to short-sell.
So, when you learn how shorting is done, you can try other coins as well.
How to short ETH on Binance
Before you short-sell on Binance you need to activate your margin wallet.
It’s super easy and will only take a moment.
Click the Wallet button in the top right corner and then click Margin Wallet.
Once you are inside the Margin Wallet, click Open Margin Wallet.
When you have done this you can transfer your ETH from your spot wallet but clicking on Transfer.
Ok, lets take a look at how to actually short-sell on Binance.
Step by step explanation on how to short Ethereum on Binance
- Visit the Exchange!
- On the first page in the top left corner, hover over the Spot button.
- Click Classic.
- Select the Etherum trading pair.
- In the order selection box, choose Borrow mode.
- Choose the amount you want to trade.
- Click margin sell.
Binance is a great option if you are just starting out.
When you get more comfortable you can try the advanced trading interface.
It has a little bit more functionality.
There are more cryptocurrency indicators to use and also drawin tools.
Also remember that you can short Ethereum by trading futures on Binance.
This allows you to trade ETH with up to 75x leverage.
For a lot of traders, ByBit is relatively unknown.
That’s about to change as more and more people find out about this awesome trading platform.
ByBit also offers up to 50x leverage while shorting ETH.
That’s very impressive and there are not many exchanges that has this option.
The trading interface on ByBit is very clean and I like it a lot.
Take a look at this.
The charts are from Tradingview and they are incredibly smooth to use.
All the possible indicators are available.
You have the option to trade from the order book if you are an order flow trader.
It’s possible to change leverage in the top right corner of the trading interface.
Under this bar, you have the order selection and this is where you will do all of your trading.
How to short Ethereum on ByBit
The ByBit trading interface is very easy to use and I think you will like it a lot.
The only thing you need to do before you start trading is to transfer your ETH to the platform.
In the top right corner of the first page, you will find your assets under your account name.
Go ahead and deposit your funds and get ready.
Step by step explanation on how to short Ethereum on ByBit
- Visit the exchange!
- On the first page in the top left corner, hover over the Trade button.
- Click Inverse Perpetual.
- In the top right corner of the trading interface, select the position size.
- Click Sell / Short.
You are officially a ByBit trader.
When you get used to the platform you can try increasing the leverage.
But I recommend that you keep the leverage low in the beginning just to be safe.
KuCoin is a centralized cryptocurrency exchange with over 250 coins available to trade.
They offer a very generous leverage trading when shorting Ethereum.
The way to margin trade on KuCoin is on the futures trading platform.
There are two different trading interfaces on this platform, the Lite, and the Pro.
Lite is for beginner crypto traders and Pro is for more advanced and experienced traders.
I’ll show you a snap shot of both.
Let’s start with the Lite interface.
I really like this trading interface.
It’s perfect for beginner cryptocurrency traders.
To the right you have the Long and Short order selection.
These orders are market orders and it will immediately buy or sell the best offer in the order book.
You can also change the leverage on KuCoin as you are trading which is kind of cool.
There is also a ranking list in the middle.
If you make enough money shorting you might end up on this list.
The Pro trading interface is a little bit more advanced and it looks like this.
If you are not used to charts and all the functionalities this interface has you might get a little bit intimidated.
Trust me, it’s not that difficult.
To the left you have the order selection + the order book.
These two have been placed next to each other for a good reason.
It makes it easier for crypto day traders to trade with order flow from the order book.
The chart is from Tradingview and it comes with all the functionalities you can ask for.
Indicators, drawing tools and every time frame you need.
I would suggest that you start with the Lite version if you are a beginner.
Now that you have seen the charting package, let’s have a look at how you actually trade on KuCoin.
How to short ETH on KuCoin
Before you start trading futures on KuCoin you need to deposit funds into your Futures wallet.
You will find your assets in the top right corner under Assets.
Hover over the Assets button and click Futures Account.
After you have deposited your funds you are off to the futures trading platform.
You will find this on the first page in the top left corner under the Futures tab.
Now that you know where to find the platform let’s go through the steps on how to start trading.
And make sure you have deposited funds in your Futures Account before you start.
Step by step explanation on how to short Ethereum on KuCoin
- Visit the exchange!
- On the first page in the top left corner, hover over the Futures tab.
- Choose Lite or Pro trading interface.
- Inside the trading platform, choose the Ethereum trading pair.
- Select position size and click Short.
Pretty straight forward.
Now if you get really good at this you might end up on the ranking list.
In that case, make sure to give me a shout!
Prime XBT is another custodial cryptocurrency exchange that offers high leverage trading on all coins on the platform.
Prime XBT has a very nice trading interface.
You can even trade four coins at the same time if you are very good at multitasking.
Something else that’s very special about is the trading fee.
Prime XBT has one of the lowest trading fees out of all crypto trading platforms I know.
The standard trading fee on Prime XBT is 0.05%.
That’s 50% lower than binance and 10 times lower than Coinbase.
I told you that the trading interface was nice so let’s take a look.
There is one option and it looks like this.
It has all the different indicators and drawing tools you might need.
You can use a Candle, Bar or Line chart, which ever you prefer.
The time frames go all the way from 1 month to 1 minute so it’s suited for both long term position traders and crypto scalpers.
Here is a snapshot of the four chart mode I was talking about.
I’ve highlited the Charts tab in the top left corner.
Here you can switch back to the normal chart if you want.
Another special feature with this trading interface is the “one-click trading” option.
You can either trade with Reular trading mode or One click trading mode.
The difference is the speed.
One-click trading is faster and will execute orders directly from the order book.
You can switch between the different modes here.
Now let’s take a look at how to trade with margin on Prime XBT.
How to short Ethereum on Prime XBT
The only thing you need to do before you start trading on Prime XBT is to deposit funds to your account.
You can either use a Credit Card or Bitcoin.
I personally don’t mind to transfer Bitcoin to the platform.
It’s just like a normal blockchain transaction and it takes between 5-30 minutes.
If you are in a hurry to get started, the Credit Card option will be faster.
Let’s go through the step on how to take your first trade on Prime XBT.
Step by step explanation on how to short Ethereum on Prime XBT
- Visit the exchange!
- On the first page, click the Trade button in the top left corner.
- Inside the trading interface, choose the Ethereum trading pair.
- Choose your position size in the order selection window.
- Click Sell.
You’ve traded your first margin contract on Prime XBT.
Now don’t try the four chart mode before you master one chart.
The Exchange guide has shown you where and how to short-sell Ethereum.
These are my personal favorite trading platforms that offer margin trading for cryptocurrencies.
All of these platforms offer very high leverage for cryptocurrencies.
I would suggest that you start out slow with low leverage before you get the hang of it.
There is a step by step explanation on how to short ETH for each exchange.
Check it out if you are unsure of how to start.
Read through the whole review before you pick your winner.
If you are in a hurry to get started, check the exchange comparison table at the top.
Yes it’s possible. Read through this review and pick the exchange that suits you.
The reasons might be unknown but you can profit from negative market moves by shorting cryptocurrencies.
Check out the exchanges in this review, they all offer margin trading.
If you would like to know more about crypto trading strategies, read this article.
If you are a beginnger crypto trader I recommend that you read my article on crypto trading tips.