Crypto exchanges have cropped up with leverage, acting as the site to which traders flock to magnify returns by loans on trading larger positions than their capital allows.
Knowing which exchange will provide the best options in terms of leverage is important both for the advanced trader who want to maximize their gain and for the beginner who is just learning how high leverage works.
If you are asking yourself “what crypto exchanges offer leverage?”, you are in the right place.
This article will go in depth into the best crypto exchanges that allow you to have leverage, answer key questions about which crypto exchanges provide leverage, and provide an overview of US crypto exchanges with leverage.
What is Leverage in Crypto Trading?
Leverage essentially means a trader can open bigger positions and amplify their potential gains and losses by borrowing capital from a spot exchange. For example, if you use 10x leverage, you are going to be in control of a position that is tenfold more valuable than your initial investment.
This kind of trading is hazardous because losses are amplified just as well. Understanding leverage and the risks involved stands at the core of a trader’s strategy.
Best Crypto Exchanges with High Leverage
Binance
Leverage: up to 125x
Binance is among the most liquid and largest cryptocurrency exchanges in the world. This particular crypto platform provides up to 125x in leverage within its derivatives trading environment over a large selection of cryptocurrency options. Consequently, this platform is perfect for various professional traders who would like to increase their market exposure.
Here you can find the best alternatives to Binance.
Key Features:
- Up to 125x leverage on futures trading
- Wide variety of crypto pairs
- Low trading fees
- Convenient for both beginners and professionals
Why Choose Binance?
Binance is definitely one of the best crypto exchanges when speaking about liquidity and options connected with trading. Considering leverage trading, Binance is flexible and powerful, and because of advanced tools, it is among the top crypto exchanges for traders who apply leverage.
Bybit
Leverage: Up to 100x
Bybit is a derivatives-only exchange, yet it has managed to rise very fast and carve a niche in trading by appealing to the very hot interest in futures trading. Currently, for Bitcoin, Ethereum, and other altcoins, there is up to 100x leverage available. However, there are some restricted countries in which you can’t use Bybit.
Key Features:
- High leverage of up to 100x
- Super high-speed execution
- Robust security measures
- Zero KYC for small withdrawals
Why Choose Bybit?
Bybit is extremely attractive to high-leverage traders who need high-speed execution of orders along with competitive fees. All in all it’s well-placed for trying to avoid mandatory KYC but still offering substantial leverage.
Kraken
Leverage: Up to 5x firm offering varies for US customers
Kraken is among the larger crypto exchanges. It does have a good leverage trading platform available to US customers. Still, the Kraken limit for the leverage is very much out of reach compared to most of the competition for US citizens, while also very much lower compared to several international trading platforms.
However, Kraken is good in terms of reputation for security and following the regulatory guidelines, which makes Kraken popular among traders in the US.
Key Features:
- As much as 5x leverage is provided to US customers
- Extremely secure
- Advanced trading tools
- US compliant
Why Choose Kraken?
Kraken is for US traders looking for a trusted, secure exchange offering leverage. A much lower cap on leverage reduces the risk and makes this the go-to for more risk-averse traders who still want exposure to the option for taking leveraged positions.
Phemex
Leverage: Up to 100x
Phemex happens to be one of the fastest-growing exchanges. The exchange offers leverage of up to 100x on major cryptocurrencies. Offering professional trading through its interface, Phemex boasts very competitive fees and is a great value for traders-a dream come true, especially among professionals.
Key Features:
- Leverage: Up to 100x
- No KYC requirement for withdrawals under 2 BTC
- Fast trading engine
- Mobile app available for trading on the go
Why Choose Phemex?
Phemex attracts serious traders who aim to maximize gains from short-term price movements due to its high-leverage and low-fee structure. This is the best place where one could consider putting in using leverage because of fast order execution and ease of interface.
BitMEX
Leverage: Up to 100x
BitMEX has been a powerhouse in the leveraged crypto trading market for a pretty long period. Even though it has garnered a bit more competition lately, it still manages to offer up to 100x leverage on Bitcoin and with many altcoins. This makes it an excellent choice for those high-leverage traders who are not from the US.
If you are curious to know how to use this platform, check our BitMEX tutorial
Key Features:
- Up to 100x leverage
- Highly liquid
- Competitively priced fee structure
- Robust charting tools
Why Choose BitMEX?
BitMEX is ideal for non-US traders looking to trade with high leverage and a wide range of derivatives contracts. Due to its long-standing reputation, it has deep liquidity, which makes it a favorite among professional traders.
Conclusion
Your ultimate choice of leverage depends on the leverage crypto exchange, trading strategy, and risk tolerance, among other factors. Speaking about high-leverage trading, some of the best options are Binance, Bybit, and BitMEX-the three offering as high as 100x. Kraken is a safer choice for US traders, though, since it’s highly regulated and offers up to 5x in leverage.
Remember one thing-whichever exchange you use-leverage is a wild multiplier on your profit, but it also increases your losses astronomically.
Now that you know which crypto exchanges offer leverage, are you ready to try your hand at trading with leverage? Look at these top crypto exchanges that offer leverage and find which one fits your needs as a trader.
