Cryptocurrency exchanges are the web portal that facilitates buying, selling and exchange of cryptocurrencies for other digital currencies or Fiat like USD or Euro. One of the trading strategy widely adopted by veteran traders is Margin Trading. If you are new to Margin Trading and keen to explore the pros and cons, please refer to our previous post. Margin Trading – Everything you need to know and Pros and Cons of Margin Trading.
Our post of today would explore the Cryptocurrency exchanges that allow Margin Trading. Let’s get started –
Top Five Crypto Exchanges for Margin Trading
The listing is based on Coin Market Cap, Top 100 Cryptocurrency Exchanges by Trade Volume. But here the list is exclusive of exchange’s that offer Margin Trading.
OKEx
OKex exchange offers crypto-to-crypto trading and fiat to crypto trading as well. The exchange also offers Margin Trading with a maximum of 20:1 leverage available. Due to the volatile nature, margin trading is limited to 20:1 in crypto markets.
In April, OKex announced adding seven new trading pairs for margin trading, which were –
- BCH/USDT
- LTC/USDT
- ETH/USDT
- ETC/USDT
- ETC/BTC
- IOST/BTC
- QTUM/BTC
And, just last month in September they introduced EOS tokens on Margin, adding new pairs –
- EOS/UDST
- EOS/BTC
Talking about How Margin Trading works on OKex, an individual can buy tokens from OKex, executing positions with three times of his capital. While your potential gain is maximized, so would be your potential loss.
Huobi Pro
Huobi Pro, headquartered in Singapore is an international crypto trading exchange is known for its multi-language support and platform. To start trading on Huobi, you need to register with your email ID and submit the documents for KYC; the whole process may take a day or two. Once you have registered successfully, you can enjoy the Margin Trading feature that allows your trade several cryptocurrencies pairs. The platform offers leverage up to 5X in BTC and BCH, LTC, ETH, EOS, OMG, XRP are some of the pair available for BTC.
Hitbtc
HitBTC, an exchange based in Estonia has been into operation since 2013. On June 2, 2018, HitBTC launched Margin Trading. In their official blog
HitBTC is launching a dedicated service for margin trading in collaboration with our partner Weltrade.
With this service you will be able to use leverage 1:3, margin trade at HitBTC at any moment, open long or short positions and withdraw money in just 30 minutes 24/7.
To initiate trading, one could visit here, fill the form, open the account, fund it, download the platform and Start Trading.
Bibox
Bibox, an AI-based digital asset exchange that offers a secure, stable and credible exchange service for digital assets such as BTC, ETH，BIX，NEO, EOS. They added Margin Trading support in April 2018. In an official release on the web page they mentioned –
Bibox will open margin trading at 14:00 April 18 (Beijing time) and trading pairs ETH/USDT, BTC/USDT will be included; You can log on the web or PC client to operate, and the feature will be added to the app soon. More pairs will be listed gradually.
Bitfinex
Bitfinex, one of the oldest exchanges in the cryptosphere has been operational from Hing Kong since the year 2014 and serves countries like Bosnia and Herzegovina, Democratic People’s Republic of Korea (North Korea), Ethiopia, Iran, Iraq, Syria, Uganda, Vanuatu, and Yemen.
To get started you would need to register, verify your ID along with the KYC formalities. The whole process could take up to 15-20 days before you could think of login into the platform.
The platform allows an individual to margin trade and get leverage of up to 3.33x.
Our next post would talk about Crypto Margin Trading – is it profitable? Stay tuned.
References
Medium, OKEX Support, Hypes codes, hitbtc, bitcointradingsites, bibox, bibox