For some, crypto investing is about finding the right lows to buy and the right highs to sell. It is a sensible way to trade as the crypto market is volatile, and the potential to make enormous games is high. However, for veteran crypto traders, margin trading is the best. It is the riskiest form of trading, but when it delivers gains, they can be life-changing. In this article, we are going to review the three best margin trading platforms right now.
3 Best Margin Trading Platforms
Playing in the investment market is always about playing big and finding crypto exchanges that allow margins on the most leverage. Here are the three margin trading platforms that have attracted the high-volume professional traders most.
OKX: Margin Trading Platform Offering up to 10x leverage
OKX is one of the leading margin trading platforms, offering margin trading with up to 125x leverage. Most recently launched cryptocurrencies seek to be listed on OKX because of their straightforward approach to margin trading.
OKX offers cross and isolated margins for many cryptocurrency pairs, including BTC, ETH, AVAX, OKT, LTC, DOT, LUNC, LUNA, and more. If the margin trading interface offers a lot of technical details, it is the right fit for the more advanced traders. The active trading platform provides advanced conditional trades, an open order book for supported currencies, and flexible market charts. The more active traders can also find time to change their charts if they are inclined.
OKX is one of the better cryptocurrency exchanges in the market, with fees going only as high as 0.10%. Holders of OKB, the native crypto of this platform, can further reduce this fee by getting discounts. The low fee is one of the main reasons investors who missed the Tamadoge presale might want to get in early when OKX lists the utility-based crypto a few days from now.
Overall, OKX is the best margin trading platform in the market. It provides both cross and isolated trading pairs, the user interface is customizable, the fee is low, and Tamadoge will be listed on this platform on 27th September 2022.
Binance: The world’s leading cryptocurrency exchange
Binance is the world’s biggest cryptocurrency exchange with the most liquidity. Being one of the leading margin trading platforms, Binance offers margins up to 10x on the spot and 1250x on derivatives trading.
What sets it apart from many cryptocurrency exchanges is the margin insurance fund. Binance offers this service to those who go bankrupt during margin trading to maintain its liquidity. Such traders will use the insurance fund to pay back their debts.
The presence of this Margin insurance Fund is why Binance is also known as one of the safest margin trading platforms in the market.
Bybit: A specialized Platform for the Derivatives Market
Bybit is a specialized cryptocurrency exchange for the derivatives market, offering up to 100x leverage for many crypto payers. Like Binance, Bybit has also opted for an insurance fund to recover the losses of traders who go bankrupt.
Bybit has become one of the easiest-to-use margin trading platforms. Its UI is extremely intuitive, and the round-the-clock customer service ensures that even beginners can engage with margin trading easily.
Conclusion
There are margin trading platforms in the market, but only a few are worth your time. This article lists the three best margin trading platforms with great features that advanced traders need.
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