Each has unique features, like leveraged tokens and ultra-high leverage, ensuring something for you regardless of your experience and trading style. Aside from being the largest and most widely recognized exchange on the market, it also has a host of powerful tools for traders of all experience levels. It offers both futures and margin trading, giving you more flexibility. Binance is at the top of our list of the best crypto margin trading platforms.

Strong Reasons To Keep away from Crypto Exchange

With a customer base of only 500K, an order book depth of over $50M, and support for more than 50 cryptocurrencies, Margex is one of the smaller crypto leverage trading platforms on our list. Unless you’re used to the traditional layout with the order form on the right, you might find Margex’s take cleaner and easier to navigate. Similar to BloFin, Margex is a no-KYC crypto exchange. Margex has a unique interface that puts the chart in the middle of the window with the order form on its left. 4 pick could be right for you. This means you can just open an account and start trading – no need to go through extra hoops like taking a selfie or uploading your ID.

How To Start Crypto Trading

Next on our list is Bybit, a platform with a wide selection of supported cryptocurrencies, high withdrawal limits, and an intuitive web and mobile interface. First, there’s demo trading, which lets you learn the fundamentals of crypto trading and test strategies without using real assets. What’s especially interesting is its suite of tools for new traders. It’s also one of the largest exchanges in the market with 18M users in over 160 countries. Bybit caters to traders of different levels of experience. You can also simulate your profit and loss before you place orders on futures via the position builder feature.

Berry Crypto Trading Platform

On top of that, you get the usual measures to secure your account via identity verification and 2FA. The platform also features anti-phishing codes to ensure that the email you’re opening or the website you’re visiting is from MEXC. You get as much as 150x leverage and a selection of over 500 trading pairs, making it ideal if you want to diversify your portfolio. If you’re looking for a no-KYC crypto exchange that lets you use leverage, then BloFin might be the one you’re looking for. Starting trading on BloFin is easy, as it accepts USD, AED, SGD, NZD, and other fiat currencies using your credit card or via bank transfer.

How Does Crypto Leverage Trading Work? Let’s say, for example, that you have $100 to invest (your ‘margin’) and decide to ‘go long’ on a cryptocurrency, that is, bet that its price will go up. You then go to a trading platform. Choose 10x leverage. This allows you to open a position worth $1K or 10 times the money you actually have. On the flip side, if the crypto goes down by 10%, your $1K position’s value will decrease to $900.