3 Best Crypto Margin Trading Platforms (2021)
There are a wide range of different crypto trading platforms in the market in 2021 and in fact there are hundreds of different crypto trading platforms to choose from, with this huge selection often making it difficult to accurately compare and analyze different platforms.
While there are many platforms that are suitable for trading and investing with, there are a number of platforms that are clearly in the top tier of the market and that are significantly better than other platforms to use.
This guide takes a look at the three best crypto margin trading platforms in 2021, starting with a look at what crypto amount margin trading platforms actually are and then breaking down as selection for the top three.
What are Crypto Margin Trading Platforms?
Margin trading is a set of tools that have been used in the traditional asset market for many years, but have only recently become popular in the cryptocurrency market as more and more retail traders have begun to realize the significant advantage of using margin trading.
Margin trading platforms are simply platforms that allow users to be able to execute leverage and shorting trades on cryptocurrencies, with both of these kinds of trades having their own unique use cases and advantages of using them.
Leverage is the process of providing an amount of funds as insurance known as the margin and then using the margin to be able to borrow a large amount of funds in order to make trades that are significantly larger than would be available without leverage.
Shooting is the process of borrowing an amount of cryptocurrency and then selling it immediately waiting for the price of the asset to drop and then rebuying cheaper than the sell price, repaying the debt, and then keeping the difference as profit.
Why is Crypto Margin Trading So Powerful?
Crypto margin trading opens up a range of opportunities for crypto traders such as the ability to generate profit for greater amounts of time when the price is dropping as well is when the price is increasing, and also to be able to maximize the profit that is generated from successful trades.
Other advantages are the ability to create hedged trades with diametrically opposed trades on the same asset in order to minimize the amount of risk involved in trading assets whilst maximizing the potential for being able to generate profit.
Professional traders have long used margin trading effectively to improve the outcomes that they experience in global financial markets, and crypto traders that use margin trading often have significant advantages over those that don't.
3 Best Crypto Margin Trading Platforms (2021)
PrimeXBT is the world's leading multi-asset margin trading platform and revolutionized the cryptocurrency market when it launched in 2018 and brought with it professional margin trading services for the first time that sought widespread adoption of the platform and its exponential growth of the past few years.
PrimeXBT launched with a waiting list of more than 150,000 traders in 2018 and over justice space of a few short years has grown to seeing up to $7 billion of global trade pass through its doors every day, with this level of growth dramatically outpacing any of the cryptocurrency trading platform over the same period of time.
PrimeXBT provides industry-leading leverage of up to 100X on a range of cryptocurrencies that include BTC, ETH, LTC, and EOS, and up to 500X on a range of traditional assets like stock indices such as S&P500 and FTSE100, forex pairs such as USD/EUR and AUD/CAD and commodities such as gold and oil.
Binance is another platform that provides margin trading on cryptocurrencies and is known for being one of the most popular trading platforms in the cryptocurrency space in 2021.
Binance leveraged its native token, the BNB coin, to grow its community and its user adoption and has been very successful in the way that it has marketed itself over the past years.
One issue that has drawn the safety and security of Binance in question is that the platform was hacked in 2019 for more than $50 million of its uses funds, and since then many users have questioned whether or not Binance is able to effectively protect its uses data and funds.
Coinbase is a mainstay of the cryptocurrency market and has been operational for many years, expanding to also have an exchange known as Coinbase program over the past few years.
Margin trading services are available on Coinbase prior and users are able to access professional trading services throughout Coinbase and Coinbase Pro as well.
Coinbase is known for charging significantly higher fees than any other trading platform in the crypto market with it being up to 10 times more expensive to use Coinbase that is using a cheaper platform such as PrimeXBT.
PrimeXBT, Binance, and Coinbase are three of the best crypto trading platforms in the market in 2021 and three platforms that present a wide range of unique opportunities that are not found anywhere else in the industry.
Traders would do well to look into the three platforms and to research the tools and services available at each, considering that there is the potential to be able to generate significantly higher levels of profit and revenue with significantly lower levels of risk by using these platforms.
You like to learn more about the specifics of each of the platforms we have recommended, check out PrimeXBT, Binance, and Coinbase.