Margin allows traders to speculate on cryptocurrencies with leverage. Our beginner's guide explores the best places to trade digit...
Margin allows traders to speculate on cryptocurrencies with leverage. Our beginner’s guide explores the best places to trade digital assets with margin in 2025.
Many traders use margin facilities to “long” and “short” cryptocurrencies with high leverage multipliers. Some platforms offer leverage of up to 1000x on popular assets, such as Bitcoin (BTC), XRP (XRP), and Ethereum (ETH). We tested over 25 providers and found that the best crypto margin trading exchanges are CoinFutures, MEXC, and Binance.
Read on to learn more about the top margin platforms for safety, leverage limits, supported markets, and trading fees. We also explain how crypto margin works, the pros and cons of trading with leverage, and how to mitigate liquidation risks.
All factors considered, here are the best crypto margin trading exchanges for 2025:
Our extensive research explored the best places to margin trade crypto. We evaluated client-fund safety, listed markets, margin requirements, payment methods, and fees. Read on to choose the best crypto margin trading exchange for you.
Overall, CoinFutures is the best place to trade cryptocurrencies with margin. The platform offers a 1000x leverage on all available markets, which include top cryptocurrencies such as BTC, XRP, ETH, Dogecoin (DOGE), and Litecoin (LTC). Users risk $10 to access up to $10,000 in crypto exposure.
CoinFutures features a beginner-friendly interface. Traders go long or short through “Up” and “Down” orders, and the platform displays liquidation prices that adjust with the leverage multiplier. Basic charting tools can help investors to make informed trading decisions, and stop-loss and take-profit orders enable a sensible risk management framework.

CoinFutures interface with a clean UI for trading DOGE/USDT at high leverage. Source: CoinFutures
CoinFutures is a global platform without know-your-customer (KYC) requirements, so it accepts users worldwide. Payment methods include cryptocurrencies, e-wallets, debit cards, and credit cards, and the margin exchange requires no account minimums. Security controls include proof of reserves (via CoinPoker, the parent company) and fund segregation via Fireblocks vaults.
Pros
Cons
MEXC suits active margin traders who want access to a huge range of derivative markets. As the exchange lists over 1,100 perpetual futures, users can discover the fastest-growing cryptocurrencies. In addition to established large-caps and popular meme coins, MEXC frequently lists new cryptocurrencies with modest market capitalizations.
Platform traders post a minimum margin of 0.2% on major markets like BTC/USDT and ETH/USDT. This margin structure equates to 500x leverage. Although most derivative contracts offer linear settlement, MEXC lists a small selection of inverse markets, including LTC/USD and XRP/USD. Traders choose between cross or isolated margin trading, depending on their risk tolerance.

MEXC lists over 1,100 margin trading markets across linear and inverse futures contracts. Source: MEXC
Our research indicates that MEXC is also a suitable option for minimizing trading costs. It charges 0.01% or 0.04% per side to makers and takers, respectively. Holding the native exchange token, MX Token (MX), offers a 50% reduction on standard commissions. Users also incur variable funding fees every eight hours.
Pros
Cons
Binance is our top pick for seasoned crypto margin traders. The exchange offers proprietary charting software on browsers, Mac, Windows, iOS, and Android. It provides high-level drawing tools, technical indicators like Bollinger Bands and Fibonacci Retracements, and deep order books with custom filters.

Binance is the largest crypto margin trading exchange for liquidity. Source: Binance
Our research shows that Binance is also one of the best crypto margin trading exchanges for product diversity. It offers over 660 perpetual futures markets with a maximum leverage of 150x. These markets settle in USDT or the underlying asset. Traders also access delivery futures with quarterly and bi-quarterly settlement, although Binance limits markets to BTC and ETH.
Besides perpetual and delivery futures, other leverage instruments include options and spot margin trading. Fees vary by trading market. Binance charges up to 0.05% per side on futures, and 0.024% on call and put options. Eligible users pay an average debit/credit card deposit fee of 2%. No deposit charges apply to crypto or peer-to-peer (P2P) payments.
Pros
Cons
Kraken is the best option for traditional spot margin accounts. It allows eligible traders to amplify existing spot positions by 10x. This dynamic provides access to over 350 cryptocurrencies without needing to deposit additional funds. Since Kraken is a regulated provider, platform users trade fiat margin pairs like BTC/USD, DOGE/USD, and ETH/EUR.
One drawback is fees. The exchange charges a variable commission of 0.02% or 0.04% depending on the order type. Users incur the same commission every four hours via rollover fees, which makes long-term positions costly. To offset these high trading charges, users deposit funds fee-free via ACH, SEPA, and other banking methods.

Kraken offers spot margin accounts with 10x leverage on existing asset holdings. Source: Kraken
Besides margin accounts, Kraken also offers perpetual futures markets in select countries. These derivative products offer long and short trading with 50x leverage. All margin products are available on the Kraken Pro platform, which provides institutional-grade liquidity, extensive charting tools, and desktop software for Windows, Mac, and Linux.
Pros
Cons
WEEX is a global exchange that lists over 890 perpetual futures markets. We found that the platform appeals to traders who want exposure to the meme coin space. It lists over 45 top meme coins, including Pepe (PEPE), Shiba Inu (SHIB), Floki (FLOKI), Bonk (BONK), and OFFICIAL TRUMP (TRUMP).
Unlike many margin trading crypto exchanges, WEEX offers its top leverage multiplier of 200x on all available pairs. This perk lets users trade $20,000 meme coins for every $100 in posted margin. Note that the minimum margin requirement increases at certain volume thresholds to mitigate platform risk.

WEEX is a margin trading platform with meme coins like TRUMP. Source: WEEX
The exchange also suits crypto traders seeking a passive investment experience. It offers a popular copy trading tool that mimics professional margin traders. Users choose a trader and investment size, and WEEX executes the same positions thereafter. Copy trading services use a profit-sharing system, so followers pay fees on profitable positions only.
Pros
Cons
Margex offers a user-friendly trading app for iOS and Android. The app supports over 55 perpetual futures, including top altcoins like DOGE, ETH, and Solana (SOL). Users post a minimum margin of 1% on major markets, and up to 4% on more volatile trading pairs. This margin framework converts to leverage multipliers of 25x to 100x.
Margex offers a liquid staking program. Platform users deposit cryptocurrencies to earn passive rewards and fund margin positions with the same assets. Staking rewards of up to 7% APY are available, and Margex provides daily payouts without limits.

The Margex app for iOS and Android offers a clean UI for margin trading. Source: Margex
Regarding payments, the exchange supports over 150 traditional deposit types, including Visa, MasterCard, and Google Pay and Apple Pay. The minimum deposit requirement is $10, and third-party gateways determine payment charges. To cash out a specific crypto, beginners use Margex’s instant conversion tool, which eliminates trading commissions.
Pros
Cons
Founded in 2020, BloFin is a mid-tier exchange with over 590 margin trading pairs. It allows account holders to earn free cryptocurrencies when they complete tasks. Users allocate those digital assets to margin collateral, which enables a maximum leverage multiplier of 150x.
New users earn up to 5,000 USDT in rewards for basic challenges, such as making an initial deposit, placing an order, and using the staking tool. Existing clients earn rewards for volume-related tasks. Trading over 10,000 USDT in perpetual futures, for instance, earns users 10 USDT.

BloFin users receive up to 5,000 USDT in free crypto rewards. Source: BloFin
In-house airdrop promotions offer additional earning opportunities. Traders deposit USDT into BloFin’s airdrop wallet and receive select cryptocurrencies when the event ends. Note that BloFin also offers bonuses for KYC-verified users, although those who prefer anonymity can withdraw up to 20,000 USDT daily without ID verification.
Pros
Cons
KCEX allows margin traders to register an account with an email or mobile number only. As one of the best no-KYC crypto exchanges, users remain anonymous when they withdraw less than 30 BTC per day. Our research shows that these are the highest no-KYC limits in the crypto margin market.
The exchange also ranks highly for its competitive fee schedule. Makers get 0% commissions, while takers pay just 0.01% per side. Users avoid withdrawal fees, too. The downside is that KCEX does not accept traditional payment methods, so users must deposit cryptocurrencies from a private wallet or exchange account.

KCEX advertising low trading fees and its ‘Altcoin Future Trading Platform’. Source: KCEX
In terms of margin markets, KCEX specializes in perpetual futures contracts. It lists over 860 pairs, and most settle in USDT. Margin requirements vary by market, although BTC and major altcoins have low minimums of 0.8%. The platform is available on standard web browsers and a proprietary app for iOS and Android. Both versions offer a smooth trading experience.
Pros
Cons
PrimeXBT is an established trading platform that supports contracts-for-differences (CFDs). These derivative instruments track digital asset prices in real-time and allow both long and short trading. Similar to perpetual futures, CFDs provide exposure to cryptocurrencies with low margin requirements, yet they provide no asset ownership.
On PrimeXBT, traders post a minimum margin of 0.5% on BTC and ETH, and more on other markets. Platform users place CFD orders on a spread-only basis, which enables them to avoid commissions. Spreads fluctuate based on trading pairs and broader market conditions. BTC averages 700 pips, which we found to be competitive.

On PrimeXBT, CFD instruments track real-time crypto prices. Source: PrimeXBT
Traders also like PrimeXBT for its cost-effective and fast payments. It processes most deposit methods instantly without fees. Popular deposit types include Skrill, PayPal, and Neteller, as well as Visa and MasterCard. According to the platform, PrimeXBT approves 95% withdrawal requests immediately.
Pros
Cons
Bybit is a Tier 1 exchange that attracts significant trading volume and deep liquidity. It offers an extensive range of margin trading products, including comprehensive options chains for six markets: BTC, ETH, SOL, DOGE, XRP, and Mantle (MNT). Bybit options cover various strike prices and contract expiration dates with affordable upfront premiums.
The exchange also supports delivery futures with short and long-term settlement. These contracts help margin traders avoid ongoing funding fees. Bybit supports hundreds of perpetual futures, too, although these products incur funding every eight hours. Platform users also access SOL liquid staking, where they allocate locked funds to margin positions.

Bybit traders access margin products via options, delivery futures, and perpetuals. Source: Bybit
Bybit’s fee structure uses the maker-taker system with discounts for large monthly trading volumes. Entry-level futures traders pay 0.02% or 0.055% on limit and market orders, respectively. Purchasing call or put options costs 0.02% or 0.03%. Bybit traders buy margin collateral instantly with debit/credit cards or bank transfers. The minimum deposit is $2.
Pros
Cons
CoinMarketCap data shows that over 100 crypto platforms offer margin trading services. The following research methodology enabled us to rank the best crypto exchanges for margin trading in 2025:
Margin platforms typically excel in several key areas and fall short in others. Assess your main priorities to choose the right exchange.
Margin trading allows crypto investors to enter positions with more capital than their account balance allows. As traders use existing exchange funds to boost market exposure, they borrow capital from the platform.
Traditional margin accounts support spot exchange markets, so investors buy cryptocurrencies from in-house liquidity pools. However, they cannot withdraw borrowed coins or tokens, so exposure remains on the platform exclusively.
Margin products also include derivative instruments. Perpetual futures, which track crypto prices without expiration dates, remain the most popular way to access margin. Options and delivery futures, while less common, provide alternative margin solutions.
The margin trading process varies depending on the financial product.
Investors who open conventional spot margin accounts use existing asset holdings as collateral. Consider an exchange trader who holds $5,000 in ETH. Since the platform offers a maximum leverage of 10x on that balance, the trader unlocks $50,000 in additional market exposure. They can use that $50,000 to buy extra ETH or diversify into other markets.

Trading ETH futures on CoinFutures in the interface with a choice of leverage. Source: CoinFutures
Another aspect of crypto margin is that traders can speculate in both market directions. Traders enter positions with a buy or sell order depending on whether they predict rising or falling prices. Options differ slightly, as margin traders purchase call or put contracts, which resemble buy and sell orders.
Although crypto margin magnifies trading balances by significant multiples, traders must understand liquidation risks. If the position value falls below the minimum maintenance margin, the platform closes the trade, and the trader loses their collateral. Isolated margin limits downside risk, yet unsuccessful cross margin trading can liquidate the entire account.
The core factors that separate margin and regular crypto trading include leverage facilities, liquidation risks, the ability to short-sell, and asset ownership.
This section explains these differences in more detail.
When you trade crypto on margin, the platform enables you to apply leverage. As this trading tool amplifies exchange balances, traders target much higher profits than the account initially allows.
On CoinFutures, platform users apply leverage multipliers on BTC, ETH, and other popular cryptocurrencies. A small $50 position magnifies to $50,000 in market exposure, so even a modest 1% asset increase yields a $500 profit.
Regular spot trading platforms lack leverage capabilities, so users cannot invest more than they have in the account.
While spot traders cannot access leverage, they avoid liquidation risks. This dynamic makes regular crypto investing considerably less risky than margin trading.
Liquidation occurs when the trade value drops by a certain percentage. The liquidation probability rises as traders increase the leverage multiplier. A 10x position must decline by approximately 10% to face liquidation. Yet a drop of just 1% liquidates a 100x trade.

Trading SOL and checking positions on MEXC. Source: MEXC
If the position liquidates, the trader forfeits their initial margin. Frequent liquidations can result in significant financial losses.
Regular spot trading platforms let users buy digital assets outright. The investor makes money only if the cryptocurrency’s price increases. This framework encompasses traditional investments, such as ETFs and stocks.
The best crypto margin trading exchanges support long and short positions. Traders go long to profit from rising prices, and short to capitalize on falling prices. As such, crypto margin trading suits active traders who attempt to profit during both bullish and bearish cycles.
A lack of real asset ownership is one of the main downsides of crypto margin trading. Whether traders use margin accounts, futures, or options, they speculate on price movements only.
Regular trading ensures investors own cryptocurrencies outright. Once they complete a trade, they can withdraw coins or tokens to a private wallet.
Here are the advantages and disadvantages of trading cryptocurrencies on margin:
Crypto margin fees are considerably more expensive than traditional spot trading. This drawback increases trading costs and reduces potential profits.
Here are the most common fees that margin traders incur.
Crypto margin trading exchanges charge commissions when users enter and exit the market. Similar to spot trading, platforms calculate commissions in percentage terms against the total trade value.
Trading with excessive leverage leads to large trading costs, as exchanges charge fees against the full position value. For example, Kraken charges a 0.04% commission on market orders. A $1,000 upfront margin with 50x leverage converts to a $50,000 trade size, which amounts to a $20 commission.
Margin platforms charge interest rates on borrowed funds. These fees correlate with initial margin and the amount of leverage applied.

Binance has a large range of crypto available for trading. Source: Binance
We found that interest rates vary by trading pair, as more volatile markets attract higher APRs. While Binance charges a competitive annual rate of 0.37% to borrow BTC, Bitcoin Cash (BCH) incurs a 11.46% APR. The exchange implements these fees hourly.
Perpetual futures use the funding system instead of traditional margin interest.
Typically every eight hours, platforms charge long or short traders depending on the imbalance between buy and sell orders. This framework ensures derivative prices align with spot exchange prices.
Some margin exchanges incentivize active traders with lower fees, which include reduced commissions and more competitive interest rates. Discounts often depend on the trader’s 30-day trading volume, or whether they hold the exchange’s native token.
Trading cryptocurrencies on margin increases the risk-reward spectrum. Follow these best practices to mitigate risk.
The following step-by-step guide explains how to margin trade crypto. We use the beginner-friendly CoinFutures platform for this walkthrough.
Visit the CoinFutures website and click “Register” to open an account. CoinFutures is a no-KYC provider, so new customers require an email address, nickname, and password only.

Signing up to CoinFutures crypto futures. Source: CoinFutures
Verify your email address, then download the CoinPoker desktop software or mobile app. Note that CoinPoker runs the CoinFutures platform, which is why users trade on its interface.
CoinFutures traders deposit funds on the CoinPoker dashboard. Tap the “Wallet” icon and choose the deposit asset. The platform accepts multiple cryptocurrencies, including USDT, BTC, ETH, and BNB.
Copy or scan the deposit address and complete the transfer from a private wallet or exchange account.

Depositing trading funds on CoinFutures. Source: CoinFutures
To deposit fiat money, click the “Deposit with Card” option. CoinFutures supports popular payment methods such as Visa, MasterCard, and Google/Apple Pay.
The provider converts both crypto and fiat payments to USDT, as all listed trading pairs contain the stablecoin.
Exit the cashier page and select “Crypto Futures”. To view available markets, tap the “BTC/USDT” icon.

Placing trades and deciding whether prices go up or down. Source: CoinFutures
We suggest BTC or ETH for first-time margin traders, as these markets offer reduced volatility and more competitive spreads. Higher-risk traders may prefer lower-cap assets like Chainlink (LINK) or Litecoin (LTC).
Click “Up” or “Down” to go long or short on the crypto trading pair. Then enter the initial margin (wager), which resembles the maximum loss potential.

The BTC/USDT chart and entering wagers. Source: CoinFutures
Enter the required leverage (multiplier). The selected multiplier determines the total market exposure. In the example above, the trader’s $300 wager at 200x converts to a $60,000 position size.
We recommend setting a stop-loss order before you place a margin trade. Tap “Auto” and scroll down to “Close Bet at Price”.

Placing a stop-loss and confirming your bet. Source: CoinFutures
Enter the maximum amount you wish to risk in USD, or set a specific asset price. If the market price aligns with the stop-loss target, CoinFutures closes the trade immediately.
Finally, confirm the order. The platform executes the position right away.
Margin boosts trading balances, which can enable traders to bet on falling crypto prices, improve capital efficiency, and increase their purchasing power. However, it also comes with a much higher risk of capital loss. Traders should start small and ensure they follow risk management strategies.
While many platforms offer high crypto margins, we rate CoinFutures as the overall best option. The platform has a beginner-friendly interface and high leverage. Traders avoid KYC requirements and account minimums, and can use built-in tools like stop-loss orders to mitigate risk. The platform offers exposure to BTC, ETH, SOL, and other top altcoins.
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Ibrahim Ajibade
, 304 postsIbrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.