Are you looking for the best crypto leverage trading platform because you want to increase your trading power? Well, then, it’s your lucky day! Below, you’ll find the list of the top crypto exchanges that are great for leverage trading. It includes such crypto platforms as Binance, Coinbase, Kraken, and the list goes on…
To be more precise, I handpicked a list of the top 7 best crypto leverage trading platforms out there. This will save you the hassle of going through numerous leverage trading platform reviews because you'll find them all in one place.
But first, it's crucial to fully understand leverage trading and why it is beneficial before moving on to the list itself.
We'll be reviewing the following cryptocurrency exchanges in this article:
Now that that's settled, let's get to it!
Best Crypto Leverage Trading Platform: What is Leverage Trading?
If you’re reading this best crypto leverage trading platform list, you probably already know a bit about leverage trading. However, if for any reason you don’t, or you’re just a beginner in this type of trading, let’s break it down.
The word “leverage” refers to increased trading power. If you want to make larger trades than your own funds allow you to, you can use your funds as collateral to participate in leverage trading. So, in the most basic sense, leverage trading allows you to trade crypto in larger amounts using borrowed funds.
Of course, it gets much more complicated than that.
Leverage comes in a variety of ratios, such as 3x (1:3), 20x (1:20), 100x (1:100), and so on. The ratio used to describe leverage indicates how many times your original capital is multiplied. So, for example, let’s say that you want to open a BTC position that is worth $2,000, but you only have $100 worth of BTC. In this case, you would need a 20x leverage.
Note that leverage trading is often referred to as margin trading. However, don't get confused. Although these two concepts are inseparable, they cannot be used interchangeably. For what it's worth, you should look at margin trading as a type of leverage trading, rather than a synonym.
Overall, there is a variety of leverage trading types. Margin trading, leveraged tokens, and futures contracts are among the most commonly used ones.
But why use leverage trading? Well, for one, it’s surely a way to get higher profits than you would be able with your own funds alone. Additionally, some traders use it to increase the liquidity of their funds. While they leverage a portion of their funds, they can use the remaining portion to participate in other types of profit generation.
Now, increased profits and fund liquidity surely sound great. However, do note that leverage trading carries high risks. While it brings high profits, it can also bring high losses. Besides, since the crypto market is unexpectedly volatile, leveraged positions are prone to forced liquidation. The higher the ratio of your leverage is, the bigger risks you face.
So, be careful when participating in leverage trading, or other types of high-risk investments for that matter. As the saying goes, don’t bite off more than you can chew.
That being said, let’s proceed to our best crypto leverage trading platform list!
1. Binance – The Crypto Exchange Giant
Ranks #1 out of 7 Crypto Exchanges
- + A very well-known crypto exchange platform
- + More than 500 different cryptos available
- + Two-factor authentication
- + P2P trading option
- + Emphasis on security and KYC
- + Supports fiat-crypto acquisitions
- - Might be a bit difficult for beginners
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If you type into Google “best crypto leverage trading platform USA” or “best Bitcoin leverage trading platform”, Binance would definitely pop up. After all, it is one of the biggest crypto trading platforms in the world. Whether you need leverage trading, spot trading, or other types of crypto-related services, Binance offers it all.
Though, since this is the best crypto leverage trading platform list, we will first focus on leverage trading options offered by the platform.
For starters, it offers two types of margin trading – isolated margin and cross margin trading. Isolated margin trading on Binance allows up to 10x leverage, while cross-margin trading allows up to 3x leverage. Binance's margin trading fees depend on your VIP user tier and the assets in question. Check out the Binance website for the up-to-date margin fee structure.
In addition to margin trading, another type of leverage trading offered by Binance is futures trading. With futures trading, a user can make a buy/sell contract of a specific quantity of a crypto asset, at a specified future price, on a specified date and time.
There are three types of futures contracts on Binance – Coin-Margined futures contracts, USDⓈ-Margined futures contracts, and options. They all allow up to 125x leverage.
Futures trading fees are also based on the VIP tier of the user. Although usually lower, futures fee tiers match those of spot trading. However, due to the leverage offered, the volume requirement for each VIP tier is five times that of the spot market.
Lastly, for those seeking a bit safer leverage trading option, the platform offers Binance Leveraged Tokens (BLVT). These are tradable assets that enable you to acquire leveraged exposure to a coin without running the risk of liquidation on the spot market. BLVT provides users with up to 4x leverage exposure.
Speaking of risks, Binance offers such tools as anti-addiction notice and a cooling-off period, which help in avoiding risks imposed by leverage trading.
So, Binance is surely a worthy member of this best crypto leverage trading platform list as it offers extensive leverage trading options. However, apart from that, it's a great crypto exchange platform overall.
Why? Because, for one, it's suitable for both beginners and experienced traders due to its intuitive UI and helpful guides. Besides that, it's known to have pretty high trading volumes and a huge variety of crypto assets to choose from.
Additionally, Binance takes the platform's security very seriously and uses a number of security measures. Besides, let’s not forget the fact that it offers very competitive trading fees – each trade carries a standard fee of only 0.1%!
2. Coinbase – Great for Beginners
Ranks #2 out of 7 Crypto Exchanges
- + Fiat currencies - accepted
- + Simple to use
- + Accepts only the most trustworthy cryptocurrencies
- + Very secure
- - Not available in all countries
- - Some of the less-known coins aren't supported
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A crypto exchange that must be on this best crypto leverage trading platform list is Coinbase! It allows users to easily buy and sell crypto assets, earn from crypto, learn about it, and do so much more.
As for leverage trading on Coinbase, for starters, it allows users to participate in margin trading with up to 3x leverage. It can be done on the Coinbase Pro platform, which was created for professional crypto traders.
Though, do note that, in June 2022, Coinbase announced that it will be closing Coinbase Pro and migrating all its trading options to the Advanced Trade tool on Coinbase.
Now, let’s get back to discussing the margin trading option. Yes, I know, the maximum leverage ratio offered by Coinbase might not be the biggest out there. However, it surely is great if you are new to leverage trading. Besides, remember, the higher the leverage ratio, the higher chance of liquidation!
As for margin trading fees, all margin trading orders on Coinbase carry a fixed annualized interest rate of 8%.
Moreover, apart from the margin trading option, Coinbase also offers a retail-friendly futures trading option. It features trading contracts for crypto assets and other types of assets, such as equities, or even energy.
Talking about crypto assets, Coinbase offers the ETH futures contract, which allows trading on margin “at 1/10 of an Ether”. Also, it offers the BTC futures contract, which allows speculating on the future price of BTC “at 100th of the size of a Bitcoin.”
So, it’s safe to say that Coinbase is one of the best crypto leverage trading platforms, especially for leverage trading beginners.
However, just as it doesn’t offer the highest leverage ratio choices, it also doesn’t have the highest variety of cryptocurrencies. Though, that’s why it’s great for beginners. When you’re just starting out, too many options can surely get you baffled.
What it does have, however, is an intuitive user interface and great security measures. In fact, Coinbase can surely be considered one of the safest cryptocurrency exchanges out there!
3. Bybit – One of the Biggest Crypto Derivatives Exchanges
Ranks #3 out of 7 Crypto Exchanges
- + Very low trading fees
- + Exceptional functionality
- + Mobile trading app
- + Helpful customer support
- + Up to 100x leverage
- - Might have a steep learning curve
Bybit is one of the biggest crypto derivatives exchanges out there. Thus, it’s a must to include it in our best crypto leverage trading platform list. ByBit provides users with all the tools and services a trader might need. This includes a quick buy/sell feature, a variety of trading options, useful trading tools, and even access to Web3.
Speaking of leverage trading options, it sure does offer all the essential ones. Firstly, it allows users to participate in spot margin trading with up to 5x leverage. They can also choose either cross or isolated margin modes.
Margin traders have access to a variety of trading pairs, including BTC/USDT, BTC/DAI, ETH/USDT, and so on. Therefore, if you’re searching for the best Bitcoin leverage trading platform, Bybit surely is worth your attention!
As for margin trading fees, Bybit charges three types of fees. The first one is the spot trading fee, which is calculated based on the order quantity and your personal tier. Then, there’s the interest fee, which is based on the interest you generate. Lastly, Bybit charges a 2% liquidation fee (it goes into the margin insurance fund pool).
Moving further, Bybit also offers perpetual and futures trading. Perpetual contracts essentially are futures contracts without an expiration date. This type of trading allows users to choose up to 100x leverage. The fees charged for Bybit futures and perpetual trading are based on the maker-taker model and vary according to your personal VIP tier.
Besides the aforementioned types of leverage trading, Bybit also offers leveraged tokens. Leveraged token traders can choose up to 3x leverage. What about leveraged token trading fees? Well, there are five types of fees charged – trading, subscription, redemption, management, and funding.
Now that all leverage trading options on Bybit are settled, it’s also worth noting that Bybit is a great trading platform not only for leverage trading. Overall, it has beginner-friendly functionality, low trading fees, and a huge variety of supported assets.
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4. Kraken – Especially Low Trading Fees
Ranks #4 out of 7 Crypto Exchanges
- + Secure and reliable
- + Low fees
- + A good amount of fiat currencies accepted
- - Not the most helpful customer service
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You've probably already heard about Kraken. It surely is one of the best cryptocurrency exchanges that provides users with a variety of trading options, an easy buy/sell feature, NFTs, a learning platform, and so much more. Besides, it also provides various types of leverage trading, which makes it a worthy competitor in our best crypto leverage trading platform list.
Speaking of leverage trading options, for one, Kraken provides users with spot margin trading. It allows them to buy (or sell) crypto assets from various spot markets offered by Kraken using borrowed funds. There are over 100 Kraken spot markets that support this feature.
The maximum leverage allowed by Kraken’s spot margin trading is 5x. While it’s not the biggest compared to some other best crypto leverage trading platforms, it surely is sufficient. Especially, if you want to participate in less risky leverage trading.
The fees for opening a spot margin trading position depend on the trading pair in question. However, they range between 0.01% and 0.02%. Though, in addition to paying a fee for opening positions, you have to pay rollover fees every 4 hours to keep them open (the same amount as the opening fee).
Kraken also provides users with a futures trading option. Those who participate in futures trading can enhance their buying/selling power with leverage. Though, the available leverage ratio in futures trading is not indicated on Kraken’s website.
Additionally, it’s worth noting that, in order to manage trading risks with futures contracts, traders can activate margin mode functionality. It allows choosing between isolated and cross margin trading options.
The fees for Kraken futures trading employ the maker-taker model and range based on individual 30-day trading volume. Maker fees go from 0.02% to as low as 0%. Taker fees, on the other hand, range from 0.05% to 0.01%. However, for the most up-to-date pricing, always check the official website.
Now that we’ve discussed Kraken leverage trading options, we can clearly see that Kraken is one of the best crypto leverage trading platforms in USA, or other countries for that matter.
But why is it a good crypto trading platform overall? Well, it surely has an easy-to-navigate user interface, a decent variety of crypto assets to choose from, and great customer support. Besides that, Kraken has one of the lowest fees in the industry – they usually are somewhere in-between 0% and 0.26%.
5. KuCoin – Trade, Earn, and Learn
Ranks #5 out of 7 Crypto Exchanges
- + Anonymous trading
- + Secure
- + Supports a variety of cryptocurrencies
- - Low trading volume
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KuCoin is a crypto trading platform that provides users with various trading, earning, and learning possibilities. Besides that, it offers several leverage trading options. Therefore, it surely is worth being on this best crypto leverage trading platform list.
Speaking of leverage trading options, for starters, KuCoin provides users with the option of margin trading. It offers both isolated and cross margin trading modes. Cross margin mode uses all assets in the margin account as collateral, while isolated margin mode has isolated trading pairs and isolated margin accounts for each pair.
Cross margin option on Kucoin allows up to 5x leverage, while isolated margin allows up to 10x leverage. As for margin trading fees, they depend on the trading fee level of the user. The level is based on the maker-taker model, as well as the amount of KCS tokens held (native KuCoin token), the asset in question, and trading volume.
Moreover, KuCoin also provides users with a futures trading option. However, there are only two types of assets that can be handled by future contracts on KuCoin – BTC and ETH. Though, this just makes KuCoin one of the best Bitcoin leverage trading platforms.
There are two types of leverage in the futures trading on KuCoin – the initial and the actual leverage. The initial leverage is manually set when opening a position and it can go up to 100x. The actual leverage, on the other hand, is the one that occurs after the position is already open. It can change based on unrealized profit or loss and exceed the 100x mark.
The fees charged for futures trading are also based on the maker-taker model and influenced by the same factors that margin trading fees are. However, the futures trading fees differ from those of margin trading.
Lastly, KuCoin also provides users with leveraged tokens. There is no danger of liquidation with KuCoin leveraged tokens because they are perpetual, have no due date, and will never have a negative price. Besides, for KuCoin’s leveraged tokens, traders don't have to pay any margin.
The fees imposed on trading leveraged tokens on KuCoin are the same as the fees imposed on spot trading.
Now, apart from being one of the best crypto leverage trading platforms, KuCoin is also one of the best crypto platforms overall. Why? Well, because it offers a huge variety of services and products, as well as the most popular crypto assets.
Additionally, KuCoin has some of the best trading fees out there! The fee rate begins at 0.1% and can even drop lower as the trading volume of the user increases.
6. Bitfinex – Trading and Lending in One Place
Ranks #6 out of 7 Crypto Exchanges
- + More than 170 crypto assets to trade with
- + Supports fiat deposits
- + Advanced trading tools
- + Small fees
- + Highly-improved security features
- - Controversial past
- - Might not be suitable for beginner traders
Among the best crypto leverage trading platforms worldwide, Bitfinex deserves a spot without a doubt. No matter if you’re searching for the best crypto leverage trading platform in the USA or Europe, Bitfinex is a great option.
What kind of leverage trading options does it offer? For one, Bitfinex allows margin trading with up to 10x leverage. You can either open long or short positions. Speaking of fees, margin traders on Bitfinex are required to pay an interest rate. It can be determined by the trader or via Bitfinex’s finance matching system.
It’s also worth noting that you can be on the other side of the barricade and participate in margin funding. This way, by lending your funds to margin traders, you can generate yield. There are various rates and periods for margin funding.
Moreover, Bitfinex also provides users with a futures trading option. The maximum leverage users can choose when trading futures on Bitfinex is 100x. However, note that only intermediate and higher-level verified users can trade futures on Bitfinex.
The fees charged on futures trading follow the maker-taker model. Though, whether you are a maker or a taker, it’s also important what your trading volume is. This also determines the size of the fee charged. Maker fees range from -0.01% to 0.02%, while taker fees range from 0.035% to 0.065%.
So, Bitfinex is obviously worth being on this best leverage trading platform list. However, it’s also worth being on the best crypto trading platform list because it has a lot to offer. It supports a decent amount of assets, has an extensive suite of different order types, offers low trading fees, and has highly improved security.
Besides, apart from trading, it also provides users with lending/borrowing services.
7. Huobi – Trading With Up to 200x Leverage
Ranks #7 out of 7 Crypto Exchanges
- + Very low fees
- + User-friendly interface
- + Most crypto assets are stored offline
- + 24/7 customer support
- - Only crypto assets available to be exchanged
- - Not regulated
Huobi surely is one of the most popular crypto exchanges out there. It provides users with various earning possibilities, as well as learning material. Besides that, it offers such trading options as spot, margin, futures, and so on. Thus, it definitely deserves a spot in our best crypto leverage trading platform list.
Now, Huobi offers both types of margin trading – isolated and cross margin. The cross margin trading option on Huobi allows choosing up to 3x leverage, while the isolated margin trading allows up to 5x leverage.
Margin trading has a tiered fee structure. The structure is divided into two types – for normal and professional traders. Besides, each type has a different fee level based on trade volume, interest rates, and HT holdings (the native token of Huobi).
Besides margin trading, as mentioned above, Huobi also offers futures trading. It provides users with several types of futures products. This includes USDT-Marginated futures, Coin-Marginated futures, and options.
Usually, futures trading on Huobi allows up to 100x leverage. However, for contracts based on BTC and ETH, Huobi has increased the maximum leverage up to 200x. This surely makes Huobi one of the best Bitcoin leverage trading platforms.
However, don’t forget – the higher the leverage rate you choose, the higher risk of liquidation you face.
As for the fee structure for Huobi futures trading, it follows the maker-taker model and varies based on various factors. This includes trade volume, interest rate, and so on.
Now, it’s also worth noting that Huobi is a crypto trading platform you should definitely look into, not only for leverage trading. It offers some of the lowest trading fees and has a user-friendly interface. Besides that, it has a huge variety of supported assets and is known to have great security.
It’s a sure thing that choosing the best crypto leverage trading platform is hard. Just like when choosing anything else in life, you always have to decide what are your personal needs and expectations. For some, Binance or Bybit might be a perfect choice, while others would lean more toward Coinbase or Kraken.
However, it doesn’t matter if you’re searching for the best Bitcoin leverage trading platform, or the best crypto leverage trading platform in the USA, you must consider the size of the leverage ratio allowed, as well as the fees you'll need to pay. Well, THAT, and the type of leverage trading you seek for.
Though, always keep in mind that leverage trading is a high-risk trading technique. Thus, make sure that the platform you choose has all the needed security measures, and maybe even some useful tools for avoiding risks as well. These will surely help you sleep more peacefully at night.
After all, I hope this rundown of some of the best crypto leverage trading platforms was helpful to you. Good luck trading!
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