Bitcoin margin trading is a high risk investment strategy but regardless of its risks, it is still one that yields mega returns. Considering that it is such a high risk approach, many of the cryptocurrency exchanges do not provide the facility for margin trading. Some do, and even among them, you must pick and choose to get the best margin trading experience. Therefore, today we bring to you the top cryptocurrency exchanges for margin trading in 2019.
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What Is Margin Trading?
Simply put, margin trading basically involves you leveraging your existing funds in order to borrow some more, that you can use to make fresh investments.
This is a risky move, and unless you can recoup your loan and interest through your interest within a stipulated time, it can cost you quite heavily.
The following are some of the leading crypto exchanges that allow for margin trading:
BitMex is a popular, credible and easy-to-use cryptocurrency exchange that offers margin trading facilities to its users. It is managed by a team of experienced developers and consummate high frequency algorithmic traders, alongside economists and other experts.
It offers margin trading facilities on around 6 cryptocurrencies, obviously including Bitcoin. It charges maker taker fees and has varying leveraging schedules for the different cryptocurrencies up for margin trading, which include Ethereum, Ripple, Litecoin, Cardano and Bitcoin Cash.
Huobi Pro, headquartered in Singapore, has been operating in the crypto space since 2013. It is a well-known and dependable exchange, popular for its margin trading options.
It offers as much as 5x leveraging on Bitcoin to traders. In addition, this simple and user-friendly exchange has a straightforward registration process and robust security features.
Some cryptocurrencies for which it allows margin trading include Bitcoin Cash, OmiseGo, Ripple, Cardano and DASH among other.
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Kraken is another extremely popular exchange, based out of the US but with a strong presence in the European crypto scene as well. Given its so reputed by itself, it makes for a great exchange to fulfill your margin trading needs.
It allows users to margin trade on about 6 cryptocurrencies, including Bitcoin, Ethereum Classic, Monero etc. 16 trading pairs are available for these.
Poloniex is also a very widely used crypto exchange that offers margin trading facilities, with up to 2.5 leveraging available for Bitcoin. In all, Poloniex offers margin trading on 11 different virtual assets.
As an exchange, it is rather easy to use and quite safe as well, making it a great choice.
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