10 Best Crypto Margin Trading Exchanges in 2025

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Marina Avramovikj

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Last updated: 

December 4, 2025

Based on our analysis of over 40 of the best crypto margin exchanges, CoinFutures holds the top spot due to its high leverage limit of up to 1,000x. Moreover, CoinFutures offers low and flexible trading fees and features one of the most beginner-friendly user interfaces we’ve ever encountered.

While many crypto exchanges offer margin trading services, not all will offer favorable terms. The easiest way to distinguish good from bad platforms is to pay attention to their trading terms, margin requirements, and interest rates. However, we decided to spare you the research.

Our team analyzed and tested the top platforms based on their minimum margin requirements, trading commissions, interest rates on margin, supported trading pairs, trading tools, and security features. We’ll show you which platforms made the cut and what sets them apart from the competition.

List of The Best Crypto Margin Trading Exchanges

Best Crypto Futures & Options Trading Platform

9.4/10

CoinFutures Review

• Trade crypto futures & options with up to 1000x leverage
• No KYC requirements and instant withdrawals
• Low trading fees and deep liquidity

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Best For Low Trading Fees at 0%

9.3/10

Review

• Only exchange with 0% fees for spot trading
• Lowest withdrawal fees out of any exchange
• Deepest liquidity in the crypto market

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Popular Exchange with $120 USDT Sign Up Bonus

9.8/10

Review

• Trade spot, futures, and options
• Available in the United States
• Native non-custodial Web3 wallet

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Crypto Exchange with Highest Liquidity

9.5/10

• Largest crypto exchange in the world with 1,500+ trading pairs
• Trading fees starting as low as 0.1%
• Gain exclusive access to new coins with Binance Launchpad

Visit Website

Best No KYC Exchange with Leverage Trading

8.9/10

Review

• Low trading fees and lightning-fast order execution speed
• Make big trades with leverage up to 100x
• Deposit a single crypto and trade all coins with Margex's Multicollateral Wallet

Visit Website

What is Crypto Margin Trading?

Crypto margin trading allows you to trade with more capital than you have by borrowing funds from a crypto exchange. This “margin” is the upfront amount of your own funds that you provide, so you can use leverage, which is the amount you borrow. As with any loan, leverage incurs interest while the trade is open.

Margin is expressed as a percentage. For example, if an exchange requires a 2% margin and you want to trade $20,000 in Bitcoin, you only need $400 (2% of $20,000). This equates to 50x leverage ($400 x 50 = $20,000).

You can access crypto margin in various ways. Most traders opt for perpetual futures, as some platforms offer leverage of over 1,000x. Options are another way to trade with margin, as you’re only required to pay a small premium to execute the trade. You can also trade with CFDs, which mimic spot trading prices. The platforms on our list offer all these instruments, so read on to learn all about them and decide which is the best for you!

The Top Crypto Margin Trading Platforms Reviewed

Now that you have a general idea of what the best Bitcoin margin trading platforms offer, let’s explore them in more detail. Be sure to read through each one to select the most suitable platform for you.

1. CoinFutures – Best Crypto Margin Platform For Beginners

CoinFutures is a crypto trading platform that mirrors real-time market price action through its advanced algorithm. You can wager on price movements without trading actual assets, allowing you to experience authentic market chart behavior without real market exposure.

At the time of writing, CoinFutures supports 11 assets, including BTC, LTC, XRP, ETH, TRX, DOGE, and SOL. All assets are USDT-margined, meaning you’ll get to use USDT as collateral. You can also set the leverage up to 1,000x. The sign-up process is simple. You just need to download and install the CoinFutures app on your desktop or mobile (Android), enter your email and password, and choose your nickname.

Moreover, you won’t have to complete KYC verification. Once you select the price direction and leverage, you can set stop-loss and take-profit orders to automatically close your position at predetermined levels, or cash out manually whenever you’re happy with your profits or are ready to limit your risk. CoinFutures supports both crypto and fiat deposits, including credit cards, Google and Apple Pay, and PIX.

2. MEXC – Best Crypto Margin Exchange for Low Margin Requirements

We found that MEXC is the best option if you’re looking for the lowest margin requirements. Put simply, you can trade major cryptocurrencies like Bitcoin with a 0.2% margin. This means that for every $1,000 traded, you need just $2, which translates to a leverage of 500x, which makes it ideal for active traders. Spot margin trading, on the other hand, comes with up to 10x leverage. Although lower-cap coins come with higher margin requirements, limits are still generous.

For example, some of the best meme coins, such as Bonk, can be traded with leverage of up to 125x. All leveraged markets on MEXC are available as perpetual futures. These trade like traditional futures contracts but without an expiry date. We found that MEXC is also one of the best options for low fees.

Futures trading fees stand at 0% (maker) and 0.050% (taker). You’ll also get a 50% discount if you hold a minimum of 500 MX tokens for 24 consecutive hours in your spot account. Another benefit of MEXC is that it offers advanced trading tools. This includes real-time charts and technical indicators. However, these tools might not appeal to beginners. MEXC is available via standard browsers and a native app for Android and iOS.

3. Binance – Best Crypto Exchange for Margin Trading for Delivery Futures

We found that Binance is one of the best margin platforms for delivery futures. Unlike perpetuals, delivery futures come with an expiry date. There are two markets supported, BTC/USDT and ETH/USDT. These markets support the next two trading quarters. Long and short positions are supported, and margin requirements stand at just 5%.

Binance also supports perpetual futures. Not only will you have access to a much larger range of cryptocurrencies, but also lower margin requirements. For example, BTC/USDT requires an upfront margin of just 2%. Smaller-cap coins come with higher requirements. In addition, Binance also supports options for Bitcoin and Ethereum.

What’s more, Binance recently removed the minimum wallet balance requirement for Portfolio margin accounts. This means that you’ll be able to open Portfolio margin accounts and trade USDⓈ-M Futures, COIN-M Futures, and Cross Margin products using 350+ assets as collateral. Binance offers a separate platform for US clients. However, it doesn’t support margin trading.

4. Kraken – Best Crypto Margin Exchange for High-Volume Traders

Consider Kraken if you want to trade crypto with margin but aren’t interested in derivatives. It offers leverage of up to 10x on various cryptocurrencies from the spot trading markets. 10x leverage, converting to a 10% margin requirement, is available on Bitcoin, Ethereum, Dogecoin, and XRP.

You’ll get either 3x or 4x on other popular altcoins. This includes Solana, Avalanche, Cardano, Chainlink, and Polygon. Leveraged accounts must be traded on the Kraken Pro dashboard. This is an advanced trading portal that comes with plenty of analysis features, including technical indicators and drawing tools.

In terms of fees, you’ll pay between 0.02% and 0.04% to open a position. This drops to 0.01% and 0.02% when trading Bitcoin. In addition to leveraged accounts, Kraken also offers futures trading. This marketplace comes with higher leverage limits of up to 50x. The margin allowance limit for USD stands at 20,000,000, which makes Kraken ideal for high-volume traders. Kraken is also available in all U.S. states (except for Maine, New York, and Washington).

5. WEEX – Best Crypto Margin Trading Platform With High Leverage and Generous Bonuses

WEEX is one of the best crypto margin exchanges, offering over 1,700 crypto pairs to trade with up to 400x leverage for derivatives and 10x for spot margin trading. For professional traders, this could be massive as it allows them to control a larger amount of capital. Beginners who are not familiar with futures trading yet can hone their skills via a demo account and trade as much as they want using virtual funds.

New users get to earn up to $30,000 USDT in welcome bonuses by completing simple tasks like signing up, making their first spot trade, and making their first futures trade. The biggest rewards, however, come from meeting certain trading volume requirements, which can be easily achieved thanks to the high leverage.

Additionally, WEEX offers passive investors opportunities to copy professional traders. Via a simple interface, investors can find the right trader based on criteria like PnL (profit and losses), win rate, ROI, and more. Investors can control their risk by setting the amount they wish to use for this feature.

6. Margex – Best Non-KYC Crypto Margin Trading Platform

Margex is a crypto exchange that offers margin trading with up to 100x leverage. You can use a wide range of tokens as collateral, from BTC and ETH to USDT and USDC. You can also use cross and isolated margin models using a single account. Furthermore, you can open an account without the need to go through KYC verification, which makes Margex one of the best anonymous crypto exchanges for trading with leverage.

Margex supports 46 trading pairs with leverage that can be set from a minimum of 5x to a maximum of 100x. The minimum margin requirement stands at 1%, while maker and taker fees amount to 0.019% and 0.060%, respectively. Margin accounts are offered via perpetual futures contracts. Coin-M futures are settled in the underlying crypto, such as Bitcoin or Ethereum. Alternatively, you can trade perpetual futures that are settled in stablecoins. Options include Tether, USD Coin, and Dai.

We like that Margex offers a simulated trading dashboard. This enables you to buy and sell leveraged futures without risking any funds. The demo platform mimics live trading conditions, including volume and price action. This exchange charges trading fees of 0.06% per slide. Financing fees will also apply, but vary depending on external factors.

7. BloFin – Best Crypto Exchange for Multi-Currency Margin Trading

BloFin is a margin trading platform that supports 610+ spot trading pairs with up to 10x leverage (leverage goes to 125x for futures). You can trade popular coins like Bitcoin, Ethereum, and Solana, or less popular but highly volatile cryptocurrencies like HMSTR or MOTHER. If your account has a balance of 10,000 USDT or more, you can use a multi-currency margin mode. This mode will enable you to trade perpetual futures by using multiple cryptocurrencies as collateral. The collateral will be valued in USD, and margin obligations will be settled in different currencies.

BloFin is also one of the few platforms that offer a fully unified trading account, which will enable you to manage spot and perpetual futures trades using a single interface. Moreover, BloFin doesn’t require KYC, meaning you can sign up and start trading using your email. You can practice your trading skills by opening a demo account that supports spot, futures, Webhook trading, and API trading.

The minimum margin requirement will depend on the leverage. For example, if you use 100x leverage, the minimum margin requirement will be 1%, which means that you’ll be able to open a $1,000 position by depositing $10.

8. KCEX – Best Crypto Margin Exchange With Zero Fees on Spot and 0.01% on Futures

KCEX is one of the leading crypto exchanges that offers zero fees on spot trading and 0.01% for takers in futures trading (0% fee for makers), which is low compared to other exchanges. Traders can choose from over 960+ cryptocurrencies and trade with up to 125x leverage for derivatives and 10x for spot margin. To sweeten the deal, KCEX is a no-KYC exchange, allowing users to withdraw up to 30 BTC without undergoing an ID verification.

Traders can participate in frequent futures trading tournaments to earn USDT from a generous prize pool, which is a solid incentive that rewards you on top of your trading profits. Additionally, KCEX offers USDT rewards for new users who complete steps like completing KYC, opening a futures trade, or trading on the spot.

While KCEX may not offer copy trading or demo accounts for beginners, it boasts a KCEX Academy where beginners can learn. Overall, KCEX is one of the best exchanges for traders looking to save money on fees, while getting access to high leverage and various coins to trade.

9. PrimeXBT – Top Crypto Margin Exchange for Trading Traditional Markets

PrimeXBT is an exchange that will enable you to trade crypto futures, forex, indices, commodities, shares, and crypto CFDs. This platform supports cross-margin and isolated margin models. You’ll be able to use both models to trade perpetual contracts, while the cross margin model is only available for trading crypto, forex, indices, and commodities. PrimeXBT offers up to 100x leverage for crypto margin trading, which means you’ll get to open a $10,000 position with an account balance of just $50.

We noticed that PrimeXBT has two margin call thresholds, which is not common among crypto brokers. The first margin call will be triggered when your margin drops to 16.7%, while the second will be activated when your margin level drops to 9%. PrimeXBT also offers negative balance protection, which means that your losses will never exceed your initial investment. What’s more, you’ll get to practice your trading skills with $10,000 virtual funds.

PrimeXBT charges a 0.5% fee for cryptocurrency trades, while trading indices, commodities, forex, and shares incur zero fees. You can trade CFDs on its proprietary WebTrader and app and MetaTrader 5. On the downside, the platform doesn’t support spot margin trading.

10. Bybit – Best Crypto Margin Trading Platform For Options

Bybit is one of the best crypto exchanges for options trading. You’ll get to trade European-style options with 0.02% fees. You’ll also be able to open a unified account that combines spot, perpetuals, futures, and options with cross margin. Moreover, you can use 70 assets as collateral, including USDT, USDC, BTC, and ETH.

Bybit offers spot margin trading with up to 10x leverage on pairs like BTC/USDT, ETH/USDT, and SOL/USDT. You’ll be able to use three margin modes, isolated, cross, and portfolio, under a single account. Bybit is an attractive option for crypto beginners who will be able to benefit from its Learn section, trading bots, and demo account. What’s more, Bybit uses a Margin Insurance Fund (MAF) to cover your losses in the event of a forced liquidation.

If you want to invest in new tokens, you should check Bybit’s pre-market OTC platform, which will allow you to buy new coins before they get listed on major exchanges. You can also trade perpetual contracts on upcoming tokens.

How Does Crypto Margin Trading Work?

Let’s take a closer look at how crypto margin trading works. First, let’s explain the difference between ‘margin’ and ‘leverage’. You must understand how these terms work before proceeding.

As the above example shows, margin and leverage are connected.

Let’s look at a more detailed example to clear the mist:

Now let’s see how margin can amplify your profits when speculating correctly:

If you had traded without margin, your ETH/USD position would have been worth just $500. So, 20% gains would have meant a $100 profit. In contrast, trading with a 2% margin secured a $5,000 gain.

Crypto Margin vs Spot Trading

Spot trading includes buying or selling cryptocurrencies on the spot, that is, at their current market price. On the other hand, margin trading includes borrowing funds to open long or short positions with leverage. Using leverage can boost your potential profits as well as losses. Moreover, borrowing funds includes paying interest.

To open a margin position, you’ll first need to commit margin, which serves as collateral. For example, to open a $20,000 position with 10x leverage, you’ll need to deposit $2,000 as margin. This rule doesn’t apply to opening a spot trading account since you’ll use your own funds to buy/sell crypto without the need to provide collateral. This makes spot trading more suitable for beginners.

The Risks of Crypto Margin Trading

Margin trading is very risky. Consider the following risks before proceeding.

Magnified Losses

Margin trading can amplify your trading profits. However, it will also amplify your losses. Therefore, when trades don’t go to plan, you could lose a lot more than you had anticipated.

• For example, suppose you’re long on LTC/USD futures.
• You put up a 10% margin, meaning you’re trading with 10x leverage. Your margin stake is $1,000.
• The LTC/USD futures have declined by 25%.
• You’d be looking at a $250 loss without margin (25% of a $1,000 stake).
• However, you traded with a 10% margin, so your $250 loss is amplified by 10. This means you’ve lost $2,500.

As we cover next, your margin trade could be liquidated before losses get out of hand. This means you’d lose your entire stake.

Liquidation Risk

What Our Expert Says...

Tsvetomir Koychev

Content Lead, Exchanges & Wallets

“The biggest risk when trading crypto with margin is being liquidated. In simple terms, liquidation occurs when the market moves against your position, eating away at your initial margin until it falls below the exchange's minimum maintenance requirement.“

Tsvetomir Koychev

Content Lead, Exchanges & Wallets

This means the exchange closes the position on your behalf. In turn, you lose the initial margin that you put up. Here’s how that works in practice:

• The liquidation point will depend on how much margin you’re trading with.
• For example, if you’re trading with a 5% margin, and the position declines by 5%, you’ll likely be liquidated by the exchange.
• The lower the margin requirement, the higher the liquidation potential.
• For instance, if you’re trading with a 1% margin, the position only needs to decline by 1% before you’re liquidated.

As you get closer to the liquidation point, you should receive a margin call. This will be a notification or email from the exchange. The margin call allows you to add more margin to your account. This gives you additional breathing space.

Interest Costs

Margin trading can be a costly strategy. This is due to financing costs. Some margin platforms charge an overnight fee. This means you’re charged for each day the position remains open.

Other platforms, such as Kraken, charge a financing fee every four hours. Either way, the more capital you borrow from the exchange, the more you’re paying in interest. This will eat away at your potential profits.

High Complexity

Trading cryptocurrencies with margin is best left for experienced traders. After all, margin products are typically backed by complex derivatives. Beginners could lose a lot of money without a firm understanding of how these derivatives work.

Best Practices for Margin Trading Crypto

Following some best practices will ensure your margin trading career is a success from the get-go. Here are some tips to get you started:

Educate Yourself Before Trading

Educating yourself on how crypto margin works is crucial. Learn about the different margin products in the market, such as perpetual futures and CFDs. Understand how their prices correlate with the spot trading markets.

You should also understand how margin calls and liquidation work, and what risk management tools can help you avoid large losses. You should also educate yourself on technical analysis and charting tools.

Utilize Risk Management

Margin trading should only be considered alongside a sensible risk management strategy. This means protecting your trading bankroll at all times.

For example, consider capping your maximum trade size to 1%. So, if your bankroll is $1,000, never risk more than $10. You should limit how much margin you deploy. For instance, consider starting with just 50%.

This will enable you to trade with twice your margin balance. What’s more, with a 50% margin, you can greatly reduce the risk of being liquidated. You can reduce the margin percentage once you become more comfortable with how things work.

Choose a Trustworthy Exchange

It’s also important to use a trustworthy exchange when trading with margin. For example, one of our top picks, PrimeXBT, is regulated and licensed by the FSA, FSCA, BCR, and FSC, which means it adheres to the laws and regulations of various jurisdictions. Moreover, PrimeXBT uses cold storage and multisignature technology to keep your funds safe.

If you’re using a traditional exchange, make sure it has audited proof of reserves. This ensures the exchange has enough capital to operate effectively, including covering client deposits 1:1.

Use Stop-Loss and Take-Profit Orders

Stop-loss orders should always be used when trading crypto. And even more so when trading with leverage. Stop-loss orders ensure you avoid losing too much on a single trade. For example, suppose you go long on BTC/USD. You deploy a stop-loss order at 5%. This means no matter how low BTC/USD trades, you can only lose 5%.

Take-profit orders should also be considered. These close your margin trade when you hit your profit target. For example, you might want to make 25% gains. Simply add 25% to the entry price and deploy a take-profit order. If the target price is executed, the trade will be closed.

How to Start Crypto Margin Trading: Step-by-Step

Read on for a step-by-step walkthrough on how to trade crypto with margin. We’ll use CoinFutures for this guide, as the platform is suitable for both beginners and experienced traders.

Step 1: Download The CoinFutures App

Visit CoinFuture’s official website and click on the Download button to install the app on your desktop or mobile. The app is compatible with Windows, macOS, and Android. Create an account by entering your email, password, and nickname.

Step 2: Make a Deposit

Fund your account with crypto, such as USDT, USDC, ETH, BTC, BNB, SOL, or fiat. You can also use a credit card, Apple Pay, Google Pay, and PIX to make a deposit.

Step 3. Place Your Trade

Open the crypto futures tab and select the crypto you wish to use to make a price prediction. You can choose between 11 coins, including BTC, LTC, XRP, ETH, TRX, DOGE, and SOL. Click on the Up or Down icon to select the price direction. Choose the Up option if you believe that the price of your coin will go up or the Down option if you think its price will drop. Set the wager, leverage, and mode (auto or manual), and click on the Place Bet button.

Now all you need to do is monitor your trade and press the Cash-out button once you’re happy with your gains, or wait for your take-profit or stop-loss level to hit.

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