Margin trading, or margin trading, is a relatively recent innovation in the cryptocurrency market. Thanks to this, investors gain the possibility of investing with the use of financial leverage, which in turn allows them to obtain an even greater return on investment.
On the pages of , we have already written about the basic issues related to margin trading. If you want to learn more about margin trading or the leverage itself – check out our articles.
Today, however, we will look at the most interesting positions on the cryptocurrency market when it comes to margin trading. We present three different options – convenient depending on your needs.
Binance just had to be included in this list. The largest cryptocurrency exchange by volume also offers the possibility of trading with leverage. In order to be able to trade margin trading, we must verify the KYC.
Remember that Binance is an environment much larger than just a margin trading exchange. The platform functions as a regular spot exchange and has a range of financial services for its clients in its swing. Deposit trading is one such option there. The amount of leverage here depends on the selected asset. In some cases, the maximum value is 5x and sometimes 10x.
Additionally, we can use Binance Coin to trade on Binance, which entitles us to a 5% discount.
Binance is not a company that we can use in every country. Currently it is not available in a number of countries – USA, Albania, Belarus, Bosnia, Burma, Central African Republic, Congo, Korea, Ukraine, Croatia, Cuba, Herzegovina, Iran, Iraw, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova Serbia, Somalia, Sudan, Syria, Venezuela, Yemen and Zimbabwe.
Huobi is an international cryptocurrency exchange known for its international platform and support. Its offices are in Hong Kong, Korea, Japan and the USA. To start using Huobi, we need to set up an account on the exchange and then go through the KYC procedure required to start the operation. It is worth preparing documents.
As in the case of Binance, on Huobi we can use the functionality of the Spot exchange, as well as use the margin trading option. Some of the coins on offer have the option of using financial leverage. in the case of BTC, we are talking about the 5x level.
The user-friendly interface will be a big plus for Huobi users.
On our list Geco.one acts as a black horse. This relatively young exchange with Polish roots can, however, boast a fairly high volume, which recently exceeded one billion dollars.
Why Geco.one deserves investors’ attention? There are two main reasons. First and foremost, this platform is entirely focused on deposit and leverage trading. It manifests itself in the lack of a regular orderbook. In return, the stock exchange is served by an external liquidity provider – an advantage? First of all, precision. Profit taking is no longer dependent on orderbook filling by other users. Geco.one thus avoids the risk of price slippage, which is so essential when trading with high leverage.
Lever! This is the second reason why you should pay attention to Geco.one. On this platform, we can trade any listed coin with a maximum leverage of 100x. Compared to the Spot exchanges, which offer margin trading as an addition – this is a big leap in quality.