Bitcoin leverage trading is one of the most lucrative ways to make money online right now, and we’ve searched the internet for the best Bitcoin leverage trading platforms available.
Metrics used to assess platforms were the amount of leverage available, whether or not leverage could be applied to other cryptos as well, and any other additional features that make the platform stand out.
What is Bitcoin Leverage Trading?
Bitcoin leverage trading is the process of borrow funds from a broker in order to fund Bitcoin trades that would typically not be possible.
This can be broken down into shorting Bitcoin and leveraging Bitcoin.
Shorting Bitcoin is the process of borrowing BTC, selling it immediately, and then trying to buy it back at a lower price in order to pay back the broker - then profiting from the difference.
Leveraging Bitcoin is borrowing funds in order to buy a larger amount of Bitcoin than would normally be possible. If a Bitcoin trade is leveraged at 1:50, then for every $1 the trade would normally make, now it makes $50.
Best Bitcoin Leverage Trading Platforms
PrimeXBT is the world’s leading multi-asset margin trading platform, providing the highest leveraging in the market of up to 100x on all crypto-assets including BTC, ETH, EOS, XRP and LTC, and up to 500x on traditional assets that includes stock indices, forex pairs, and commodities.
PrimeXBT has a lightning fast trading engine that can execute trades in under 7.12ms on average and is extremely reliable.
The platform also provides some of the lowest fees in the market, with just 0.05% being applied as a flat rate to all trades on all asset classes.
The PrimeXBT referral program has generated $1 million for the top 4 affiliates, and also provides 4 tiers of rewards and up to 50% revenue sharing on the trade fees of all signups.
Binance is one of the most well known cryptocurrency exchanges, and in response to seeing that other platforms such as PrimeXBT and others were attracting large numbers of traders, they decided to also provide margin trading.
While this is a step in the right direction, unlike PrimeXBT which provides traders with access of up to 100x in leverage on Bitcoin trades, Binance has decided to only provide a maximum of 3x.
This is disappointing, because there are many good features on Binance and the low leverage that they provide makes is prohibitive to use some of their other services along with high leveraging.
We’re waiting to see if in the future Binance decides to increase their leveraging levels to match some of the bigger players in the market.
In Conclusion: Best Bitcoin leverage trading
These platforms both stand out in the crowd because of things like advanced features, high leverage and low fees.
When looking for a Bitcoin leverage trading platform is pays to find places that outcompete the rest of the market with what they offer their traders.