Best Bitcoin Brokers For Trading with Leverage in 2019

Further Details About The Listed Bitcoin Margin Trading Brokers:

Margin Trading on BitMex is generally enabled in each account. There is no such thing as ID verification and different verification levels. Note that BitMex only takes BTC deposits, and cashouts again are just possible in BTC.

Exception for US Traders:
Due to certain legal reasons US residents aren't allowed to (margin)trade on Bitmex. A possibility to bypass this restriction would be to use a VPN when signing up and to choose another country of residency in your account settings from the beginning. However, you must be aware that Bitmex' terms of service claim that your data is correct and they could potentially ask for an ID in the future.

Read more about BitMEX for USA.

2 Types of Margin Trading:
BitMex offers two types of marking trading option: Isolated and Cross-Margin. During Isolated Margin, you can select the amount you want to use for margin trading. For Cross-Margin however you are risking all your money in the wallet, not just the amount you placed for the order.

BTC and Altcoin Leverages on Bitmex:
Leverage for BTC is available up to 100x. Leverages for the few listed major altcoins are lower and different for each altcoin. Still the altcoin leverages are very high compared to other brokers.

High Volume Margin Trading:
Bitmex is No 1 margin trading platform as it's one of the world's largest Bitcoin trading sites and offers the highest leverages in the branch.

Unlimited Withdrawals:
Bitmex doesn't have a withdrawal limit, compared to other brokers. So big position traders can claim their profits unrestrictedly. The platfrom processes cashouts with manual review once a day, for security reasons.

Advanced Order Types:

• Limit/Market Buy
• Limit/Market Sell
• Stop Loss
• Trailing Stop
• Take Profit
• Post-Only
• Hidden
• Reduce-Only
• GoodTillCancel/ImmediateOrCancel/FillOrKill

PrimeXBT is a young yet highly promising Bitcoin margin trading broker allowing leverage up to 100x. Besides BitMEX it's the only broker in the field of cryptocurrency trading that allows such high leverage.

Trading BTC against USD for BTC cashouts:

PrimeXBT is an easy to use platform that suits traders who just intend to trade Bitcoin against the US Dollar in order to get more Bitcoin. In principle trading on PrimeXNT works similar to trading on BitMEX, however there are differences in the functionality of the platform. PrimeXBT is more simplified, with less options.

Withdrawal Limits:
As far as whe know there are no limitations for BTC withdrawals.

Advanced Order Types:
PrimeXBT offers the most important professional order types such as stop loss orders and take profit orders, besides the basic buy and sell orders.

• Limit order
• market order
• stop loss order
• take profit order

If you want to learn more about margin trading, check out the expert portal TheMargin.io which discusses the topic in greater detail.

SimpleFX is a highly specialized broker which offers a maximum leverage of 6x for BTC trades against fiat money. Leverage for Altcoins depend on the coin and are usually lower.

Traders don't have to verify their account in order to use margin trading. Only the option to use fiat currency payments requires an account verification, as usual.

Fiat currencies supported
At verified accounts traders can deposit and withdraw major fiat currencies. Withdrawals are proceeded through the same payment method as the preceding deposits or as the biggest preceding deposit.

No Fees – But High SWAP
They don't charge any trading fees, however the SWAP rates are pretty high.

Withdrawal Limits:
There are no limitations for withdrawals stated.

Bitfinex allows bitcoin margin trading up to 3.33:1 leverage ratio. Bitfinex also has its own Margin Trading Wallet. This separation of an extra wallet for margin trading within user accounts is very useful as it helps to keep control of margin funds.

(Margin) Trading Disallowed for US Traders with Verified Accounts:

Strangely, the platform doesn't allow margin trading, or trading in general, for US citizens anymore. But this only concerns verified accounts. US traders with basic accounts (which don't provide information where somebody comes from, just e-mail and password) are able to trade with leverage. However, there will be no support of USD deposits or withdrawals, as basic accounts allow crypto transfers only.

High Volume Trading:
Bitfinex is among the brokers which is also used by big position traders, as the high trading volume maximizes chances that large orders get filled.

Advanced Order Types:

• Limit Buy/Sell Order
• Market Buy/Sell Order
• Stop Order
• Trailing Stop Order
• Fill or Kill Order
• One Cancels Other (OCO)
• Hidden Order
• Post-Only Limit Order

USD Deposits and Withdrawals – Important for People who trade to get more Dollars:
With a verified account traders (except US) can deposit and withdraw US dollars. Such accounts of course aren't anonymous anymore, as people have to provide their real name and bank information. That way you can start using Bitfinex even if you don't own cryptocurrencies yet.

Deposits and withdrawals are possible for all supported cryptocurrencies, already in unverified basic accounts.

Withdrawal Limits:
There is no limit for cashouts on Bitfinex.

OKCoin is one of the largest Chinese Bitcoin tradings sites, so again great for big position traders. The broker offers the option to trade on margin up to 3x leverage with a maximum amount of 500,000USD.

Trading BTC against USD for US Dollar cashouts:
OkCoin is a good choice for traders who want to be able to cashout USD. The account has to be fully verified, so a photo ID has to be provided. While Bitcoin withdrawals are available from Level1 (basic account with phone- and e-mail verification ), USD can only be cashed out with a Level2 account (with photo ID provided).

Withdrawal Limits:
Daily withdrawals are limited to 200BTC or $500,000.

Advanced Order Types:
OkCoin is a highly professional trading site with all types of orders which are needed for professional trading.

Big position traders find specialized order types such as Iceberg or TWAP.

• Limit order
• market order
• OCO
• Trigger order
• Trail order
• Iceberg order
• TWAP

Margin trading is available at Poloniex up to 2.5x leverage.

As Poloniex is a specialized altcoin trading platform, their main focus lies on providing a big altcoin portfolio. They are one of the very few platforms which support trading certain altcoins on leverage.

Deposits and Cashouts in Cryptocurrencies only:
Traders can deposit all supported altcoins and withdraw them as well. Fiat money on the other hand is not supported at all.

BTC/USDT:
Bitcoin can be traded against USDT only, not against USD directly. Tether is a crypto substitute for USD. Platforms which don't support fiat money always use USDT, so traders can still trade against the Dollar.

Withdrawal Limits:
Poloniex only allows a BTC equivalent of $2,000 USD daily (basic "potentially anonymous" accounts) and $25,000 USD daily for accounts with level 2 verificaton (photo ID required)

Bitcoin Futures are a Bitcoin derivative trading product that can be traded on Deribit wit up to 100x leverage. The Deribit platform is specialized in BTC Futures trading offering an easy to use and well organized trading platform for that purpose.

Trade BTC Futures on Margin against the US Dollar for BTC Profits:
On Deribit traders can deposit and withdraw BTC only.

Withdrawal Limits:
There are no BTC withdrawal limitations.

Advanced Order Settings:
According to the needs of many professional traders, Deribit offers advanced order settings such as

• limit order
• stop loss limit order
• post only order
• hidden order

FX Open offers margin trading up to 3x leverage for cryptocurrency trading.

Deposits and Cashouts – Fiat money supported:

The professional international broker supports fiat money payments as well as cryptocurrency transfers. So traders can Cashout USD, EUR, GBP or AUD as well as BTC or the other listed cryptocurrencies.

A account verification with photo ID is only required for fait money transfers. Users who only want to make cryptocurrency deposits don't need to proof who they are.

Withdrawal Limits:
There are no limitations for withdrawals.

Leverage is available at Kraken up to 5x for several cryptocurrency pairs, including bitcoin. The fees are depending on the volume of the margin account.

Caution: US traders must know, that they are not allowed to maintain margin positions longer than 28 days on kraken.com. Open positions will automatically be liquidated after that period.

Deposits and Cashouts in BTC only:
To enable bank transfer deposits and withdrawals in one of their supported fiat currencies, the trading site need's its users' proof of identity in form of a photo ID. For cryptocurrency deposits and withdrawals only, users don't need to proof their identity.

Withdrawal Limits:
The trading site only allows maximum withdrawals of $25,000 daily (and $200,000 per month) for the highest account levels (Tier 3). Fiat money withdrawals are limited to $2,000 per day (and $10,000 per month) at Tier 2 accounts. Our review shows the details.

To enable bank transfers deposits, the trading site need's its users' proof of identity in form of a photo ID.

Only Basic Order Types left:
Unfortunately, kraken got rid of their many advanced order settings, e.g. the trailing orders amoung others. There are just the basic buy and sell orders left. However, the Conditional Close order is left, which is useful for margin trades to set a profit target already when opening the position.

Bitcoin Margin Trading – Explanations for Newbies:

Causion: Only use leverage as an experienced trader. Don't use margin trading as a beginner, as the risk to lose a lot very quickly is too high. Develop your trading skills before using this powerful service.

Margin trading is basically borrowing funds to be able to trade with bigger positions. This allows you to trade with more bitcoins that you would normally be able to do, in the hope of making bigger profits on the price movements.

Several bitcoin trading sites offer the opportunity to trade bitcoin on margin. After opening the account, a minimum deposit, called the minimum margin must be funded to the margin account that is a function of the maximum leverage available for the user.

Depending how much leverage a bitcoin broker allows, you can do margin trading even up to 100:1. This means you only have to fund 1 BTC from your own account and in case of 100:1 leverage ratio, the total bitcoins available to be purchased on the margin account is 100BTC.

This addition funding however costs money, the fees on margin trading vary by trading platforms. Also in case the price drops below a certain limit, the maintenance margin must be filled up in order to keep the position open once this so called margin call is made.

Bitcoin trading sites offer leverages up to 100:1, however the most common leverage ratio is around 10:1 and some of the platform only allow bitcoin margin trading to 2:1 and 3:1.

Advantages of Margin Trading

The biggest benefit of margin trading is that you can take advantage of the additional funds when the market moves in the direction you expected. The overall profit of the positions once the bitcoins are soled and the loan is repaid is significantly higher compared to an ordinary trade execution without leverage.

Disadvantages of Margin Trading

The disadvantage of margin trading is by nature the amount of risk a margin account can hold. The higher amount of leverage you take the bigger amount of money you can loose in case the market moves in an unfavorable way. Due to the margin call, the margin account must be funded continuously that involves significant amount of liquidity.

It is only advisable to margin trade if you have enough experience already on the market. To mitigate the associated risk, many trading platforms only offer limited amount of leverage trading opportunities.