Best Places to Margin Trade Crypto [2020]

in #cryptocurrency5 years ago

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Since 2017‘s renowned bull run, the entire market has grown substantially in size with trade volumes, exploding during the period of time since then till now.

Although there has been an expansion of the entire industry, one sector that has grown faster than any other is crypto margin trading.

We’re going to take a look at why crypto margin trading has become one of the most popular ways to buy and sell cryptocurrencies online today, as well as looking at a few options for traders seeking crypto margin trading platforms.

What is Crypto Margin Trading?

Crypto margin trading is the process of borrowing funds from a broker in order to create trades that would typically not be available to regular traders, with these trades often being able to open up opportunities for vastly higher profits than would be available without them.

Cryptocurrency Margin trading can be easily divided into two parts, cryptocurrency shorting and cryptocurrency leverage, with both of these two sections having their advantages and applications within crypto trading.

Cryptocurrency leverage is the process of borrowing funds from a trader whilst providing a small amount of those funds as insurance known as the margin, in order to generate trades that are multiples larger than what would be possible with the original investment.

Cryptocurrency shorting is the process of developing positions that will generate a profit as the price of an asset drops, as opposed to what is typically possible with only generating a profit as the price of an asset rises.

Used in conjunction together, or separately, both of these two trading tools can be used to generate substantially higher profits then are available without them and are essential tools for any professional cryptocurrency trailer to master.

Where are the Best Places to Crypto Margin Trade?

PrimeXBT

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PrimeXBT started out as a cryptocurrency-only trading platform, but over the past 12 months has introduced a wide range of traditional assets to its listings and has today become the largest multi-asset margin trading platform in the world.

Traders can margin trade a wide range of cryptoassets that include Bitcoin, Ethereum, Ripple, EOS, and Litecoin, with leverage of up to 100X available, and a wide range of the world's leading traditional assets that include stock in the seas, commodities, metals, and forex pairs, With leverage of these assets available of up to 1000X on the platform.

PrimeXBT’s user interface is simplistic yet powerful, making it suitable for traders of all levels of experience from beginner to expert.

Assisting in this is PrimeXBT’s focus on providing a trading engine that is powerful and robust, with PrimeXBT’s trading engine being able to handle up to 12,000 trades per second, and with leverage available of up to 1000X on the platform.

PrimeXBT’s user interface is simplistic yet powerful, making it suitable for beginners that are already in the process of learning about crypto trading.

Another differentiating feature of this platform is PrimeXBT’s continual push to introduce unique new features, with the most recent being the introduction of PrimeXBT Turbo, a short-term bitcoin-settled accounts trading platform that allows users to generate up to 90% profit in just 30 seconds.

Binance

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Binance is one of the world's most easily recognized cryptocurrency exchanges and lists a wide range of crypto assets for traders to engage with.

Binance provides a fast, well-built trading platform that is easy-to-use, with a wide range of different trading options available.

The platform's security abilities have been called into question in the past 12 months however, with Binance suffering a huge $40 million hack in early 2019 that left many traders asking whether or not the platform had the security measures in place to deal with these threats.

However it is hoped that from then till now Binance upgraded security in order to be able to protect the users, and if this is the case then Binance is a good option for cryptocurrency margin trading.

In Conclusion

Cryptocurrency margin trading is not only an essential tool for any professional trader to understand, it is an important way of reducing risk while maximizing the efficient use of capital in cryptocurrency markets.

Profits that are substantially higher than normally trading can be generated with cryptocurrency trading, and today a majority of the world's cryptocurrency trade each day is conducted using margin trading.

Check out the two platforms above if you are seeking professional cryptocurrency margin trading opportunities.