Best Crypto Leverage Trading Platforms: Top List

Crypto leverage trading offers some of the most skewed risk-reward situations for day traders with the opportunity to amplify returns through the best crypto leverage trading platforms and exchanges.

However, choosing the right crypto leverage exchange is crucial for any trader to achieve success in the markets.

In this guide, our leverage expert will share our top platform picks along with all the necessary information that you need to make the best decision possible.

We will also share our process for testing and selecting these exchanges.

Table of content

• Top crypto exchanges and platforms with leverage
  • BYDFi
  • Bybit
  • Binance
  • PrimeXBT
  • Phemex
• How to get started
• What is a crypto leverage trading platform?
• How we tested and reviewed the exchanges
• 100x and 200x leverage crypto exchanges
• Which platform gives the highest leverage?
• How to choose the right leverage exchange
• Difference between spot and leverage exchange
• Frequently asked questions
• Final thoughts
• Additional resources

Best crypto leverage trading platforms and exchanges reviewed

In this section, we will further discuss the technical specifications and features of the best crypto leverage trading platform list and what we like from these top leverage crypto exchanges after having tested them.

A helpful guide to read as well is our article on why brokers offer leverage. This will help you understand more about how they operate.

By evaluating these platforms, we aim to help you select the best platform that aligns with your own style of trading and preferences.

1. BYDFi – Best crypto leverage trading platform overall

Ranks number 1 of 5 crypto platforms.

Overview

BYDFi (formerly Bityard) was established in 2020 and has its headquarters in Singapore but operates in all corners of the world, including the United States.

It is one of the few best crypto leverage trading platforms that accept US traders.

BYDFi is regulated by FinCEN in the United States and is considered to be the best us crypto exchange with up to 200x leverage.

The platform features over 620 altcoins and many of them are available to trade with leverage.

You can easily access these coins through fiat on-ramp which allows for quick credit or debit card deposits in most major national currencies.

As well, there is no requirement to go through the KYC process when you sign up which makes the registration quick and easy.

Only once you decide that you want to increase your withdrawal limits is when you need to send in your identification documents.

In addition to this, BYDFI offers several different leveraged products to trade cryptocurrencies including COIN-M futures, Perpetual contracts, USDT-M Trading contracts, Lite Contracts, and Inverse perpetual contracts.

Keep in mind that BYDFi also offers leverage trading through their demo account where you can test out your crypto leverage trading strategies before going live with real money.

All new members of BYDFi are welcomed by a generous welcome offer of 2888 USDT after completing some small tasks that teach you how to use the platform.

At a glance, BYDFi is a regulated crypto exchange that offers leverage in the US and globally, has a strong trading platform, and has a wide range of trading options for all types of traders.

Leverage ratios

BYDFi is a high leverage crypto exchange and when it comes to choosing crypto leverage ratio it is very straightforward.

The maximum leverage offered on BYDFi is 200x but the option to trade with less leverage is easily accessible through the leverage bar inside the trading interface.

The screenshot below shows exactly where to change leverage when you are inside the trading platform.

Simply click the leverage button and then choose your preferred leverage.

The best leverage for beginners trading crypto is typically between 10x and 100x leverage depending on how comfortable you are with taking risks.

A higher leverage ratio always increases both the potential for profit and loss.

Security

One of the key features that made us choose BYDFi as the top leverage trading platform for crypto is thanks to its government regulation by FinCEN.

Other important security features include:

• Google Authenticator
• Anti-phishing code
• Email verification
• 24/7 live chat
• Withdrawal Address Management
• Withdrawal address whitelist
• Funding password
• Phone number verification

All of these security features are not enabled when you first sign up.

You have to go to the security page as you can see on the screenshot below to enable these features.

Once you enter the security page you can toggle on each feature.

In my experience trading on BYDFi, I’ve always used the Google authenticator to protect the account against immediate threats.

Enabling the withdrawal address whitelist is also a great way to make sure that your funds can only be withdrawn to your own wallet addresses.

Trading fees

What makes BYDFi one of the best highest leverage crypto exchanges is the low trading fee.

The leverage trading fee on BYDFi is 0.050% when using market orders.

This goes for both opening and closing trades.

Here is the explanation that BYDFi gives on its trading fee page:

For example:

Trader A opens a long position with 100 USDT in BTCUSDT contracts at market price with leverage of 50X.
Transaction Fee = 100 * 50 * 0.05% * 2 (opening and closing fee) = 5 USDT

Trader B opens a short position with 500 USDT in BTCUSDT contracts at market price with leverage of 30X.
Transaction Fee = 500 * 30 * 0.05% * 2 (opening and closing fee) = 15 USDT

Now, the transaction fee for leveraged tokens on BYDFi is slightly higher at 0.20%.

This has to do with the lowered leverage ratios offered through these contracts.

BYDFi also charges a management fee of 0.03% every day at midnight.

This means that a total value of 0.03% of all leveraged positions will be charged from your trading account every day you keep positions open overnight.

Liquidity and order execution

The order book on BYDFi has extremely high liquidity and you can trade very large positions even if you are a scalp trader.

During our testing, we managed to easily enter and exit with position sizes worth over $100,000.

Here is a screenshot from the live order book at BYDFi in the COIN-M leveraged contracts.

The first buy order is worth $118,480 and the first sell order is worth $59,892.

The spread in this trading pair was $0.20 which stayed the same and even lower during our assessment of BYDFi.

This is a very favorable spread for a crypto leverage trading platform.

User interface and available trading tools

BYDFi strikes me as one of the most modern exchanges and my experience is that the designers of the platform are traders themselves.

The charting interface is distributed with the indicator tab to the left and the order execution and order book to the right.

The charting interface is powered by TradingView charts which ensures charts are 100% free from lag.

Here is a screenshot of the whole trading interface.

One thing that stuck out to me while analyzing the BYDFi platform was the option to convert, transfer, or buy crypto directly from the charting interface.

In the bottom right corner of the trading platform, you are able to swap, buy crypto with fiat money, or convert your cryptocurrency for any other asset on the platform without leaving your trading setup.

The option to go low and short with leverage can be done with just one click once you have entered the charting interface.

Another thing I found very useful is the option to choose between cross and isolated margin.

The difference between leveraging your trades with cross and isolated margin is how the trading platform is able to access your margin capital.

Isolated margin is the safer option and keeps the margin capital limited to one position only to prevent a full account liquidation by leverage.

Supported cryptocurrencies and trading pairs

BYDFi currently supports over 620 different trading assets and the majority are available to trade with leverage.

You can access all of these assets directly from the trading interface in the top left corner, see the screenshot below from BYDFI for a detailed view.

The search bar is used to type the ticker name such as BTCETH or DOTUSDT to find a specific trading pair you are looking for.

This large number of crypto assets is another reason why we have chosen to add BYDFi to our list of top crypto leverage trading exchanges.

Why we like it

Pros	Cons
Lowest fees among all crypto leverage exchanges	No customer support phone number
Offers up to 200x crypto leverage	No crypto market news source
Stop loss and take profit orders directly in the trading interface

2. Bybit – Best crypto leverage exchange platform

Ranks number 2 of 5 crypto platforms.

Overview

Second on the best crypto leverage trading platform list comes Bybit which is a crypto exchange for professional and beginner traders and was launched back in 2018, one year after the big boom when Binance came to the market.

With over 10 million users, Bybit has become a household name on the cryptocurrency scene due to the vast variety of trading assets and products.

These assets range from both leveraged trading products to spot and investment-like vehicles.

What caught my attention when testing the Bybit platform was the professional-grade trading and matching engine which makes day trading extremely favorable.

Also, the competitive fees for both maker and taker transactions are among the lowest in the industry.

Overall, Bybit is a great option if you are looking for a crypto trading platform and app with leverage, especially for beginner traders.

Leverage ratios

The maximum leverage offered on Bybit is 125x and can be accessed through the derivatives contract BTC USDC Perpetual.

This contract is only trading Bitcoin against USDC and is the only way to access 125x leverage on Bybit.

The rest of the leveraged contracts offer up to 100x leverage and can be found in the USDT perpetual, USDC contracts, and Inverse perpetual contracts.

As you can see on the screenshot below taken during the testing of Bybit, the exchange also offers both cross and isolated margin.

The arrow points to the leverage bar where you can change the leverage ratio directly from the charting interface.

And in the top right corner is where you access the leverage panel to swap between cross or isolated margin.

When choosing your position size and how much money to borrow on Bybit, I recommend using their liquidation price calculator to see where your liquidation price is before entering the position.

This feature can be found just to the right of the leverage panel in the top right corner of the charting interface.

Security

Bybit security is very strong even though they lack government regulation.

Through their account security page, you have the option to enable several features to strengthen the overall safety of your account.

The best and most important security features on Bybit are:

• Email Authentication
• Sms authentication
• Identity verification
• Google Authentication
• Fund password
• Anti-phishing code
• Withdrawal address whitelist
• Withdraw via address book

The fund password requires a password to move and transfer funds on the platform which prevents hackers from ever withdrawing your funds.

The SMS authentication feature is also very strong since you need to have access to your own mobile phone to make changes or send funds off the exchange.

The third security feature that I found very useful when analyzing the security of Bybit was the withdrawal address whitelist.

The screenshot below is taken from the Bybit security page and shows the withdrawal address whitelist setting.

I highly recommend enabling as many of these safety features to ensure that your account is 100% secure.

Trading fees

Bybit employs a trading fee system that rewards higher trading volume.

When you first join the platform you will start as a non-VIP member and your taker fee rate is 0.06% for leveraged contract trading.

As you gradually increase your trading volume the trading fee starts falling.

The image below explains the full transaction table on Bybit taken from their website.

I have highlighted the leveraged contract fees in blue.

Bybit is one of the best crypto leverage exchanges for active day traders trading high volume.

Liquidity and order execution

Bybit is competing with Binance in our best crypto leverage trading platform list by having one of the highest liquidities in the world.

Even trades who trade large volumes through leverage will not have any problems with getting in or out of their traders at any time of the day.

Take a look at this image of the order book from Bybit.

The first sell order in the BTCUSDT trading pair in the Perpetual contract pit is worth 42 Bitcoins.

The first buy order is worth over 17 Bitcoins.

These numbers get even higher during high-volume periods during the day.

I found that between 08.00 and 10.00 European time was the period with the highest volume.

The period with the second-highest volume came in at around 15.30 in the afternoon when the American trading session starts.

User interface and available trading tools

Bybit has a massive toolbox when it comes to trading tools through its trading interface.

Here are some of the best tools for active traders that I used when I tested the platform.

• Trendlines
• Pitchforks
• Brush
• Indicators (50+)
• Fib retracement lines
• Gann fan
• Parallel channels

This and plenty more are available through all charting interfaces on the Bybit exchange.

As I was analyzing the charting interface I took a screenshot to highlight some of the more important tools, take a look below.

Highlighted in the image are the toolset to the far left, the order selections in the top right corner, and the take profit and stop loss setting above the buy and sell buttons.

These tools are what make Bybit one of the best high leverage crypto trading platform for traders with different trading styles.

Supported cryptocurrencies and trading pairs

There are over 400 trading pairs for both spot and leverage traders on Bybit.

What I found very helpful on Bybit was the coin selection tool in the top left corner of the charting interface.

From here you can locate not only the different trading pairs but all contracts as well.

I took a screenshot of the trading platform and the highlighted area is where you change between markets and contracts.

In an instant, you can swap from trading the USDT perpetual contract to the Inverse perpetual trading pit should a new opportunity arise.

This is a feature I haven’t seen in the other Bitcoin leverage exchanges.

Why we like it

Pros	Cons
Real stop loss and take profit orders	Non-regulated
Very high liquidity for leverage trading	There is no demo account on Bybit
Great trading interface for day traders

3. Binance – Best platform to trade altcoins with leverage

Ranks number 3 of 5 crypto platforms.

Overview

Binance is known as the most versatile and largest crypto exchange and app that offers leverage trading products.

With nearly $40 million of daily trading volume and nearly 400 cryptocurrencies listed, Binance is the perfect platform to trade altcoins with leverage and amplify returns.

It is seen as one of the most trusted non-regulated exchanges on the market and it has won several awards for being a top trading platform for crypto traders.

Binance supports several different fiat payment methods and pretty much all major currencies which makes depositing super easy.

The exchange is only about 5 years old and was first launched back in 2017 during the big bull run when Bitcoin hit $20k for the first time.

Since then it has only grown in size and attracted millions of traders worldwide.

Binance is a popular choice among many beginners due to low trading fees, a great variety of trading assets, a state-of-the-art charting interface, and bank-grade security.

Leverage ratios

Third on our best crypto leverage trading platform list of highest leverage is Binance which offers a maximum leverage ratio of 1:125.

Binance has a positioning bracket that prevents traders from overleveraging.

It works by lowering the leverage when traders take larger and larger sizes.

This makes sense since the risks of leverage increase the risk of loss.

Below is an image of the positioning bracket and how much leverage you are allowed to use for each position size.

I have highlighted the leverage bracket to showcase how the leverage ratio changes as you increase your position.

The rule is different for every asset which has to do with the individual volatility of each coin.

As I was assessing the platform, I found this very useful, especially when trading larger trades with leverage.

Security

Binance security is very strong and is considered one of the safest non-regulated crypto leverage trading platforms.

Through their security page, you can enable several different security features that will instantly protect your account against outside threats.

Binance has written a guide on how to increase security on Binance which I found very helpful.

Except for all the standard security features such as 2FA verification codes and phone number verification, Binance also offers advanced safety features as seen in the screenshot below.

I have circled the withdrawal whitelist option because I think it’s a very useful tool to prevent hackers from ever leaving the platform with your funds.

The third-party account connection is also a very useful feature that I used when I analyzed the platform.

It lets you connect Binance to either your Apple ID or your Google account for an extra security layer.

Binance also adheres to strict KYC and AML rules and all traders are obligated to identify themselves before starting out.

Trading fees

Binance has a complex trading fee structure that traders should be aware of as you can see below.

I’ve highlighted the trading fee I used when I was testing the platform which was in the USDS-M Futures trading.

Depending on your chosen market you will be given a certain transaction fee.

For example, USDS-M Futures on Binance have a basic trading fee of 0.04% for taker trades.

However, if you choose to trade with the native coin BNB there is a 10% cut to the rate.

Additionally, if you trade with the native stablecoin on Binance called BUSD, your fee for opening trades as a market taker is 0.03%.

Liquidity and order execution

Liquidity on Binance is as good as it gets and it is currently ranked as the crypto exchange with the highest volume.

Getting in and out of positions on Binance even with huge leveraged positions is not a problem.

When testing the platform I could easily scalp trade the BTCUSDT perpetual contract with $100.000.

Here is a screenshot from the order book liquidity.

As seen above, the first buy order is worth $21,766 and the first sell order is worth $185,380.

User interface and available trading tools

The user interface and the crypto leverage trading platform on Binance are very easy to navigate and a great choice for beginners.

The trading interface looks different the most other platforms.

Binance has chosen to include a smaller chart from TradingView while focusing on the order book and the market trades.

This is very helpful for traders who are relying on the order book for confirmation on when to enter and exit.

It also makes it easier to see when the buy or sell side gets flooded with orders.

All necessary trading tools are available such as:

• All timeframes
• Trading indicators
• Open orders in the chart
• Depth chart
• Limit, market, and stop-limit orders
• Access to all leverage trading pairs

Something that Binance also has incorporated into its trading interface is a beginner tutorial video that I watched before I started testing the exchange features.

It’s professionally made and will teach you the basics of the platform.

Supported cryptocurrencies and trading pairs

Binance is famous for offering the highest number of tradeable assets and you will even be able to find many new exotic coins that have just been released to the market.

These altcoins are also available to trade with leverage.

Binance states that they have over 350 cryptocurrencies available on the exchange.

Many of them are available to trade against a stablecoin such as USDT or BUSD.

Through your dashboard, you can see all the hottest assets for the day with the biggest movements as seen in the screenshot below.

From here you can easily navigate to your own holdings to close a profitable trade or screen your favorite coins for new opportunities.

Trading altcoins with leverage on Binance is easier thanks to the large pool of coins as you can on their asset page.

Why we like it

Pros	Cons
High leverage in for Bitcoin trading	Non-regulated
High volume and great liquidity	Withdrawal fees are expensive
Easy to use for beginners

4. PrimeXBT – Best Bitcoin leverage trading platform

Ranks number 4 of 5 crypto platforms.

Overview

An exchange that is a must on our best crypto leverage trading platform list is PrimeXBT.

PrimeXBT is a pure Bitcoin leverage trading exchange that supports high leverage in an ultra-fast trading interface built for day traders.

Regulated by the Australian government agency ASIC, PrimeXBT is considered to be a highly secure platform.

It has won several awards such as the best crypto leverage trading app.

The platform is built for fast-paced traders that move large volumes several times per day and order execution is the top-performing process on the platform.

The most popular coins to leverage trade on PrimeXBT are Bitcoin and Ethereum.

I consider the platform to be an advanced choice for more experienced traders as the charging interface can be a little bit intimidating.

Don’t get fooled though, this platform is a powerhouse when it comes to trading tools, charting interfaces, and leverage.

Leverage ratios

PrimeXBT operates with an in-built leverage for each asset on the platform.

Each crypto asset has its own leverage ratio which can be seen on this page.

The max leverage for each asset can be seen on the right-hand side after you click Crypto in the top tab as seen on this screenshot.

PrimeXBT offers a max leverage of 1:200 in Bitcoin trading and a minimum of 1:10 in smaller crypto assets that are more volatile.

Security

KYC is not obligatory on PrimeXBT, however, it is necessary if you want to withdraw more than $20,000 per day.

Other safety features on the platform include:

• Email notifications of sign-in, trade liquidations, trade margin calls
• Google Authenticator
• Government regulation by ASIC

It is considered a safe and trustworthy platform according to many reviews I read online.

Additional security features that are worth mentioning are SSL protection to protect your data and a cold storage Bitcoin wallet.

Trading fees

PrimeXBT is definitley one of best crypto leverage trading platforms due to its low fee structure.

Leveraged trading fees are favorable on PrimeXBT and start at 0.05%.

There is a financing fee of 0.0167% that is charged for every trader that holds their positions overnight.

This goes for both long and short positions.

Below is a summary of the trading fees on PrimeXBT.

It’s worth mentioning that PrimeXBT notifies that their trading hours are always 24/7 for cryptocurrencies.

Liquidity and order execution

PrimeXBT operates with a market-making system that allows for uninterrupted trading no matter how larger your trades are.

This is one of the big perks of leverage trading cryptocurrencies on this platform.

Leverage traders that want to size up and trade larger positions will have no problem getting in and out of the market, even during high-volatility periods.

The order matching engine on PrimeXBT is of the latest technology and has so far proven to be error free during our assessment of the platform.

User interface and available trading tools

PrimeXBT offers a great trading interface and their flagship 4-chart trading platform is what attracts most users.

The multi-chart offers an overview of four different assets at different timeframes.

You can also buy and sell directly inside the chart giving you control over several different assets at the same time as seen in the image below.

This is a great trading tool for leverage traders who are managing several positions at the same time and I don’t know any other platform that offers this feature.

You can also change the market and trading pair directly from the top of the chart.

All charts come built-in with market volume.

Should you want to focus on one chart at a time you can do that by clicking the Trade button in the top left corner.

From here you have more trading tools at your disposal such as all trade indicators, different chart styles, and drawing tools that are not offered in the multi-chart.

Supported cryptocurrencies and trading pairs

PrimeXBT doesn’t offer as many trading pairs as most other crypto leverage exchanges.

However, major cryptocurrencies such as Bitcoin, Ethereum, CRP, and Litecoin are available among several others.

In total, PrimeXBT offers around 25 cryptocurrencies.

All of these coins are available to trade with leverage.

Overall, PrimeXBT is an excellent Bitcoin and Ethereum leverage trading platform.

Why we like it

Pros	Cons
Great for high-volume leverage traders	Can be difficult for complete beginners
Great charting interface	Few altcoins avialble
Regulated by the Australian government

5. Phemex – 100x leverage crypto exchange

Ranks number 5 of 5 crypto platforms.

Overview

Phemex also has a spot in our best crypto leverage trading platform list thanks to 100x leverage through perpetual contracts with USD, cryptocurrencies, or USDT as margin collateral.

On Phemex you can make your deposits with fiat money in an instant using credit cards, debit cards, Apple Pay, Bank Transfer, and several other minor payment methods.

The exchange sticks out to me as a new and modern platform with plenty of trading tools for traders who are looking to leverage their capital.

Phemex is headquartered in Singapore making it a global exchange and is registered as a Money Service Business which adds to its legitimacy.

The platform offers a large variety of tools for short-term scalpers or day traders through advanced charting interfaces, stop losses, take profit orders, isolated margin, cross margin, and a lightning-fast order matching engine.

The order book is always full of liquidity which is good for leverage users since there will always be someone on the buy and the sell side to meet your trade.

Leverage ratios

Phemex offers perpetual contracts with up to 100x leverage.

You can access these contracts by first allocating a small percentage of your own capital as a fiat or cryptocurrency deposit.

On the Phemex leverage page, they explain how they adjust their liquidation price based on the level of leverage, and the more leverage you use the smaller the distance between your entry price and the liquidation price

The leverage is available through both cross and isolated margin which gives traders different options on how they want to allocate their account balance.

Security

Phemex has four principal security features:

• Google Authenticator
• Email verification
• Anti-phishing code
• Device management

See the image below for a detailed description of the Phemex security page.

In addition to this, Phemex operates with a trading engine safety protocol to match clients’ orders based on price and time.

This engine is responsible for doing a quick risk analysis of the trading account of each trader.

These checks include:

• Costs
• Fees
• PNL
• Computing in real-time

This is to make sure that no trader is taking on too much risk without being fully aware of the situation.

I found it very useful when I tested the Phemex exchange as it enables for up to 10x faster trading even in volatile market conditions.

Trading fees

As a contract trader on Phemex without VIP status, you will have a 0.06% taker fee.

The market fee is slightly cheaper at 0.01%.

As your trading volume increases the trading fee gets reduced according to this table taken from the Phemex fee page.

Below is a screenshot of the Phemex fee page to illustrate the costs.

The lowest possible fee you can acquire through the VIP system is 0.0325%.

In comparison to other competitors, it’s rather cheap.

Liquidity and order execution

The liquidity on Phemex is slightly lower than other leveraged crypto exchanges.

However, when conducting live testing on the platform, I found now problem entering and exiting the market with $100,000 lots.

Below is a screenshot from the Phemex order book from when I analyzed the liquidity.

During my testing period, there was a bullish pressure in the market which can be seen in the buy side of the order book.

The first buy block was worth roughly 12 Bitcoins which is not a low number by any means.

Throughout the trading session, it stayed stable at around 12 to 15 Bitcoins on both sides of the order book meaning.

This means that traders can easily enter and exit with leveraged positions of up to $400,000 without any slippage.

User interface and available trading tools

The charting interface is very manageable and there are different options when it comes to the layout of the chart.

You can choose between having the chart on the right or the left side with the order selection and order book on the opposite side.

It’s also possible to deactivate parts of the trading interface.

For example, if you would like to disable the recent trades box to open up more space, that’s an option.

In the image below, I’ve highlighted the stop loss, take profit and the drawing tool area that I used when assessing the platform.

A tip that will help you along the way that I used frequently was the advanced option below the Open Long and Open Short buttons.

This will open up a new tab where you can choose between more order types such as GTC, IOC, and FOK.

Supported cryptocurrencies and trading pairs

Judging by the number of altcoins available on the Phemex exchange there are about 220 cryptocurrencies listed on the platform.

Most exchanges is on our best crypto leverage trading platform list have more than 200 tradeable coins which gives you the opportunity to trade altcoins with leverage as well.

Out of these coins, around 150 of them are available to trade with leverage.

Through this market page, you can find all the listed coins and see which ones can be contract traded.

The new listings page is great for traders who want to find extra volatility in coins that have recently been listed on the exchange.

These coins are usually lower priced and less liquid.

Overall, Phemex is a top UK crypto leverage exchange for active traders.

Why we like it

Pros	Cons
Great tools for leverage traders	Non-regulated
Demo account for crypto leverage trading	The platform has a lot of functionality that takes time to learn
Options to buy crypto with fiat vendors

How to get started with leverage trading

After you select a broker from our best crypto leverage trading platform list it’s time to sign up and get started trading.

To get started with leverage trading, follow these steps:

1. Sign up on BYDFi.
2. Complete the verification process.
3. Deposit funds in your trading account.
4. Learn how the trading interface works.
5. Practice with a demo account.
6. Choose a trading strategy.
7. Start by opening a position.

When depositing funds you can choose between transferring cryptocurrencies or making a deposit with your fiat cash.

It is important that you understand the risks of leverage trading before increasing your size.

We recommend starting out with the demo account to see the effect leverage has on losses.

What is a crypto leverage trading platform and how does it work?

After finding your pick among our best crypto leverage trading platforms in the list above we want to inform you what you are getting yourself into.

A crypto leverage trading platform is a contract-based crypto exchange that allows traders to borrow money against their own capital.

Through these platforms, traders can increase the potential for profit with the added risk of larger losses.

Leveraged contracts are mirrored contracts that exchanges create where the price is derived from an underlying asset such as Bitcoin.

When trading on an exchange with leverage you do not own the underlying asset, instead, you stand to earn the difference in price when the contract moves up or down.

The way that leveraged brokers make money is through increased fees and management fees that are applied as overnight interest payments.

When trading on a leverage crypto platform you need to maintain a certain amount as a margin requirement in order to first open your position and then keep your position open.

Exchanges that give leverage normally provide leverage of up to 200x.

Another option that these platforms give you the option to short-sell the market.

This means that you borrow money to bet on a negative price movement and in the price falls you earn a profit.

This would not be possible on a spot exchange and that is one of the main differences between spot and leveraged trading.

How we tested and reviewed these exchanges

Top find the best crypto leverage trading platform among hundreds of alternatives we have tested plenty of the most reputable brands out there.

In order to provide an objective review of the top crypto leverage exchanges mentioned in the article, we followed a comprehensive live testing process.

Here is an overview of the steps involved:

1. Research and selection
2. Account creation and KYC-verification
3. Platform feature testing
4. Trading experience overall
5. Security and Compliance
6. Customer support
7. Fees and costs
8. User feedback and reputation

By following this rigorous testing process, we aimed to deliver an unbiased view of the exchanges in our top lists.

All platforms have been thoroughly tested by Anton, our leverage expert with over 10 years of experience in the leverage trading field.

What crypto exchange gives the highest leverage?

Manny consider the best crypto leverage trading platform to offer the higest leverage and therefore we have decided to include two platforms that offer up to 200x leverage.

BYDFi currently offers 200x leverage which is the highest leverage ratio of all centralized exchanges.

PrimeXBT also offers 200x leverage but is considered a multi-platform and doesn’t qualify as a pure crypto exchange.

Next on the list is Binance which offers 125x leverage.

Some off-shore brokers offer much higher ratios but they are not considered safe to trade on and we have therefore decided not to include them in this review.

How you can choose the right crypto exchange with leverage

Selecting the best crypto leverage trading platform to trade cryptocurrencies is a critical decision that can greatly impact your trading experience.

It will also have a big impact on your potential profit and overall trading success.

Below are some key factors that will help you when choosing a crypto exchange with leverage.

1. Reputation and security: Prioritize an exchange with a solid track record of keeping customer funds safe. Look for a platform that has previously not suffered from hacks or other breaches.
2. Regulatory compliance: A regulated exchange will always be a better option because you know that it has gone through harder scrutiny and implementation of KYC processes to protect users. Regulators also require Anti-Money Laundering procedures to be in place to operate under such licenses.
3. Leverage options: Ask yourself how much leverage you are going to need from your crypto exchange. Not all traders should opt in for the maximum of 200x immediately. Instead, focus on the appropriate leverage ratio for your needs.
4. Trading fees: Leverage is surely going to increase your fees and I would say that choosing an exchange with the lowest fees possible is a great start. If you are an active scalper this will be your best way to save cash.
5. Available assets and trading pairs: If you are looking for more trading pairs than just BTCUSDT it’s wise to take a look at the coin page and see just how many assets are listed on the exchange. Not all exchanges have the same assets and some prioritize newly listed coins.
6. Liquidity: Liquidity and leverage go hand-in-hand and it is crucial that your exchange has deep order books. Higher liquidity reduces slippage, especially during turbulent market situations.
7. User interface and trading tools: Asses the user interface and the available trading tools such as drawing tools, charts, indicators, order types, and risk management tools. Most technical traders need a steady chart and a fast matching engine to operate.
8. Customer support: Carefully consider the quality of customer support. If you ever get in trouble with lost funds or for some reason lose your account login, a fast customer support agent will be your best friend.
9. Educational resources: Choose an exchange that can help you along the way with guides, videos, and tutorials. These resources are valuable for both beginners and seasoned traders.
10. User reviews: Take into consideration what feedback the crypto community is giving to each exchange. While your experience might be completely different from other traders it’s still worth taking a look online to see what they are saying.

What is the difference between a spot exchange and a leverage exchange?

Spot exchanges and leverage exchanges are two distinct types of crypto trading platforms.

Each serves a different purpose and understanding the differences between them is essential for traders looking to engage in leveraged trading.

A spot exchange offers trading in the spot market which is direct access to the underlying asset where there is a physical exchange of the asset.

For example, if you trade the Ethereum spot market and buy a contract of two Eth, you will then own those Eth coins until you sell them.

Spot exchanges are often more simple in nature as they tend to be more used by long-term investors.

Leverage exchanges on the other hand are known for their derivatives exchange where the market prices are mirrored through margin contracts.

The name derivatives exchange means that the prices are derived from an underlying asset but there is no physical delivery taking place.

Once you buy a leveraged contract you do not own the underlying asset, instead, you are speculating on the price of that asset moving up and down.

Leverage exchanges also offer the key feature of borrowing money to traders to enable larger trades.

When a trader opens a leveraged position, he borrows a certain percentage of the total trade size.

Once he closes out the trade, the margin requirement is returned to his account, and the leverage used is paid back to the exchange.

FAQ

Final thoughts

Leverage trading in the cryptocurrency market offers the potential for increased profits but it also comes with higher risk.

When choosing a crypto exchange for leverage trading, consider the factors outlined in this article.

By conducting thorough due diligence, you will be able to select the platform that matches your preferences.

Our assessment and analysis in this article of the best crypto leverage trading platforms is a good way to start your research.

We consider BYDFi to be the top contender this year due to its flawless interface, low fees, and great tools for leveraged markets.

Additional resources and helpful links

• Crypto leverage calculator
• High leverage crypto trading guide

Please note that the information provided in this article is for informational purposes only and should not be considered financial or investment advice.

Crypto markets are highly volatile and leverage increases the risk of loss.

Always do your own research and consult with a professional financial advisor before making any investment decisions.