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JANUARY 11, 2020 / 11:20 UTC
LONDON (Fintech Zoom) – 5 Best Bitcoin Margin Trading Exchange – Margin trading is a form of bitcoin trading that makes use of borrowed fund (in bitcoin)to trade and make much more profit (or loss) than the traders capital could make. Also known as leverage trading, the trader approaches the exchange platform through a structured system that states the ration of possible funds available to be borrowed. It’s usually in percentage of the capital owned by the trader.
For example, if the trader has 1 bitcoin and the exchange ratio is 3:1. This means that for every 1 bitcoin the trader is holding, the exchange will lend 3 extra bitcoin for margin trading.
The bitcoin market has various bitcoin margin exchange platform and here are the Top 5:
- 1. PrimeXBT
PrimeXBT is a Bitcoin based margin trading wedge that provides immediate access to more than 30+ assets, such as Crypto (Bitcoin, Ethereum, Litecoin, Ripple, EOS), Forex, Commodities (Metals, Gas), Oil, and also Indices.
- 2. Bitfinex
Bitfinex is one of the best fit for margin trading in the entire cryptocurrency market. Since they are one if the top exchange platform trading bitcoin by volume, providing margin services is just something normal they should do. Bitfinex provides a 3.3:1 margin trading ration.
- 3. CEX.IO
Cex.io provides margin trading for bitcoin traders with a margin ratio of 10:1. This gives traders a greater leverage to make profit of they get their analysis right. The platform also offers a demo margin trading account for newbies in the margin trading camp.
- 4. BINANCE
BINANCE is a booming cryptocurrency platform that has surpassed many exchange platform track records on various levels. The exchange recently added margin trading to their fleet of bitcoin services with a 125:1 margin ratio. BINANCE also made it possible for trades to lend out bitcoin asset to other traders in the network who wants to trade margin with it.
- 5. BitMex
BitMex exchange takes margin trading several notches higher by offering a whooping 100:1 margin trading ration. When things go right for a trader, it’s party time straight away but the slightest loss wipes the trader of his entire fund. Highly risky but also a great opportunity for those who are sure about their analysis.
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