Best Crypto Leverage Trading Platforms in 2024

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Last updated Jul 09, 2024 | 11:15 AM UTC

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Intro

Leverage crypto trading offers investors the opportunity to amplify their gains, but choosing the right platform is crucial. 

CryptoManiaks.com, a trusted resource in the crypto sphere, presents an analysis of the best crypto leverage trading platforms in 2024, ensuring that investors have access to reliable and trustworthy information.

When evaluating these platforms, factors such as liquidity, user-friendly interfaces, and robust security measures have been meticulously considered. 

This article aims to provide an in-depth exploration of the top contenders, equipping readers with the knowledge necessary to make informed decisions and navigate leverage crypto trading effectively.
 
 

Best Crypto Leverage Trading Platforms in 2024 Listed

Here's our selection of the best crypto exchanges that offer leverage trading features.

Best Sites

Established in 2011, Kraken is a trusted cryptocurrency exchange renowned for its longevity and diverse trading interfaces, catering to a broad user base.

General Information

Year founded: 
2011
Coins Available: 
Bitcoin
Ethereum
Tether
Polkadot
Chainlink
Cardano
Bitcoin Cash
Litecoin
Uniswap
USD Coin
XRP
Aave
Stellar
Tezos
Curve DAO Token
Algorand
Monero
Synthetix
Dai
Filecoin
Compound
EOS
The Graph
Cosmos
Keep Network
ICON
yearn.finance
TRON
Qtum
Dash
Basic Attention Token
Zcash
Kusama
OMG Network
Waves
Nano
Dogecoin
Enzyme
Decentraland
Kava.io
Ethereum Classic
Orchid
Kyber Network
Storj
Siacoin
Lisk
Aragon
PAX Gold
Gnosis
Balancer
tBTC
Augur
0x
1inch
Aavegotchi
Acala Token
Adventure Gold
Akash Network
Alchemix
Alchemy Pay
Alien Worlds
Ambire AdEx
Ampleforth Governance Token
Ankr
APEcoin
API3
Aptos
Arbitrum
ARPA Chain
Astar
Audius
Avalanche
Aventus
Axie Infinity
Badger DAO
Bancor
Band Protocol
BarnBridge
Biconomy
Bifrost
BitDAO
Blur
Bluzelle
BitTorrent Chain
Boba Network
Bonfida
Bonk
r/FortNiteBR Bricks
Cartesi
Celer Network
Celestia
Centrifuge
Chain
Chiliz
Chromia
Civic
Coin98
Convex Finance
COTI
Covalent
Dent
dYdX
Energy Web Token
Enjin Coin
Ethereum Name Service
Euler
Fantom
Fetch.ai
Flare
Flow
Frax Share
Gala
Galxe
Gari Network
GensoKishi Metaverse
Gitcoin
GMX
Green Satoshi Token
Harvest Finance
Hashflow
IDEX
iExec RLC
Immutable
Injective Protocol
Internet Computer
Jasmy
JITO
JUNO
Karura
Keep3r BSC Network
KeeperDAO
KILT Protocol
Kin
LCX
Lido DAO Token
Livepeer
Loopring
Maker
Mango
Marlin
Marinade Staked SOL
Mask Network
Merit Circle
Mina
Mirror Protocol
Moonbeam
Moonriver
r/CryptoCurrency Moons
Multichain
MultiversX
My Neighbor Alice
MXC
NEAR Protocol
Numeraire
NYM
Ocean Protocol
Optimism
Orca
Origin Protocol
OriginTrail
Oxygen
PayPal USD
Pepe
Perpetual Protocol
Phala.Network
PlayDapp
Polkastarter
Polygon
Power Ledger
PYTH Network
Quant
Radicle
Rarible
Raydium
Ren
Render Token
Request
Robonomics.network
Rocket Pool
Rubic
Saber
Samoyedcoin
Secret
Sei
Selfkey
Serum
SHIBA INU
Shiden Network
Solana
Songbird
Spell Token
Stacks
Stafi
Star Atlas
Star Atlas DAO
Stargate Finance
Stella
Step Finance
STEPN
Sui
SuperRare
SuperVerse
SushiSwap
Swipe
Synapse
Terra 2.0
Terra Classic
TerraClassicUSD
Terra Virtua Kolect
Tether EURt
The Sandbox
THORChain
Threshold
TrueFi
TrueUSD
Unifi Protocol DAO
UMA
WOO Network
Wrapped Bitcoin
WETH
Yield Guild Games
Altair
Basilisk
Crust Shadow
Genshiro
HydraDX
Integritee
Interlay
Kintsugi
LimeWire
Nodle
Parallel Finance
Picasso
Polygon Ecosystem Token
pSTAKE
Tokemak
Wrapped Axelar
Website Languages: 
Chinese
English
Filipino
French
Italian
Japanese
Portuguese
Russian
Spanish
Turkish
Ukrainian
Vietnamese

Anonymity

As a registered US exchange, Kraken strictly adheres to KYC & AML laws, prohibiting the creation of anonymous accounts and ensuring regulatory compliance.

Reputation

With one of the best reputations in the industry, Kraken holds the distinction of being the only crypto company worldwide to secure an SPDI banking license.

Pros and Cons

Supports hundreds of coins
High liquidity
Simple and user-friendly interface
Good customer support options
Lots of advanced trading features like margin, futures, and indices trading
No insurance fund for assets on the platform
Doesn’t offer a crypto credit card
No personal wallet service for traders
Supports only a few fiat currencies

Huobi Global, established in 2013, is a world-leading crypto trading platform, providing secure and convenient trading services for digital assets.

General Information

Year founded: 
2013
Coins Available: 
Bitcoin
Ethereum
Litecoin
Uniswap
Polkadot
Bitcoin Cash
Chainlink
Bitcoin SV
EOS
XRP
SushiSwap
Tether
Curve DAO Token
BitTorrent
TRON
Sun
Aave
FTX Token
Zcash
Cardano
Huobi Token
Matic Network
JUST
Basis Gold Share
THETA
yearn.finance
Filecoin
Cosmos
Amun Bitcoin 3x Daily Long
OMG Network
Terra
Algorand
Ethereum Classic
Massnet
DFI.Money
1inch
IOST
Nervos Network
Band Protocol
Dash
Amun Ether 3x Daily Long
Tezos
Kusama
Ontology
Reef
Horizen
Stellar
Amun Ether 3x Daily Short
NEAR Protocol
Neo
Badger DAO
The Graph
Synthetix
Qtum
Dogecoin
Phala.Network
Waves
Polkastarter
Compound
Monero
Tellor
Amun Bitcoin 3x Daily Short
WaykiChain
Reserve Rights
NEM
Crypto.com Coin
Bounce Token (Old)
BoringDAO
Kava.io
VeChain
TitanSwap
Akropolis
Solana
Ren
Thunder Token
Marlin
NEST Protocol
IOTA
0x
Pearl
Linear
SKALE Network
Bytom
Aragon
Acute Angle Cloud
ForTube
Avalanche
Zilliqa
Loopring
Value Liquidity
Basic Attention Token
GXChain
Decentraland
BOX Token
Elastos
MXC
Nexo
Swerve
Storj
Tierion
Seele-N
Golff
Whole Network
Achain
Civic
API3
Decred
YAMv2
Maker
YEE
Alchemy Pay
ICON
Dai
Cortex
Arweave
The Sandbox
Loom Network
Injective Protocol
Bluzelle
Crust
Orchid
MCO
BitcoinHD
Meta
IRISnet
Chiliz
Darwinia Network
Lambda
Balancer
ARPA Chain
Bancor
Frontier
Origin Protocol
UnlimitedIP
Bitcoin Cash ABC
UMA
Kyber Network
Wootrade
aelf
Aeternity
USD Coin
Ankr
Nebulas
NXM
Kcash
PowerPool
Huobi Pool Token
Stafi
HyperCash
New BitShares
Hedera Hashgraph
Nsure.Network
Content Value Network
Robonomics.network
Status
MediShares
BitShares
nHBTC
AirSwap
Holo
Fusion
Harmony
SunContract
Arcblock
Firo
MX Token
Eminer
v.systems
dForce
Wrapped Bitcoin
Nano
dHedge DAO
Paxos Standard
BillionHappiness
Enzyme
IoT Chain
Steem
Genaro Network
CyberMiles
Matrix AI Network
Hive
BitKan
QASH
SIRIN LABS Token
Cred
GateToken
Dock
NKN
Ruff
NULS
Wanchain
Golem
Litex
Pundi X (Old)
Intelligent Investment Chain
Bibox Token
Davinci Coin
WAX
InvestDigital
TrueUSD
BitUP Token
DigixDAO
SwftCoin
DATx
Lympo
DATA
Smartshare
Carry
SmartMesh
XMax
U Network
BitCapitalVendor
Origo
BeeKan
Yuan Chain Coin
GET Protocol
YouLive Coin
Global Social Chain
FansTime
FairGame
Waltonchain
Promotion Coin
Atlas Protocol
EMOGI Network
Skrumble Network
dKargo
Engine
Project Pai
renBTC
Verge
Odyssey
Siacoin
pNetwork
CNNS
Game.com
VIDY
UGAS
Lisk
Standard Tokenization Protocol
Utrust
Ravencoin
Chromia
Pivot Token
Time New Bank
DeepBrain Chain
Newton
Komodo
Wirex Token
TOP
AI Doctor
EDUCare
QunQun
Electroneum
Power Ledger
Request
TopChain
EduCoin
Egretia
Propy
ShineChain
Medicalchain
Tripio
Polymath
ChatCoin
Gas
Datum
Metal
Content Neutrality Network
Quantstamp
All Sports
Bitcoin Diamond
STK
Portal
BnkToTheFuture
TenX
CVCoin
MyToken
HitChain
Bitcoin Gold
AppCoins
Raiden Network Token
Ripio Credit Network
SALT
CoinMeet
LinkEye
MEX
OST
sBTC
Globalvillage Ecosystem
WePower
ThingsOperatingSystem
Ardor
Matryx
BitcoinX
Lunyr
Beefy.Finance
Zilla
Phoenix Global
Rate3
DigiByte
Groestlcoin
EchoLink
Everex
Nucleus Vision
COVA
Enigma
NeuroChain
AdEx Network
HUSD

Anonymity

Adhering to global regulatory standards, Huobi Global implements stringent KYC and AML procedures.

Reputation

Huobi Global has earned a solid reputation for its longevity, liquidity, and global reach in over 130 countries.

Pros and Cons

Hundreds of tradeable assets
Lots of advanced trading options and features
Dashboard is advanced, and yet user-friendly
Comprehensive and efficient mobile presence
Innovative and secure wallet
Cumbersome account registration process
Low withdrawal limits
Restricted to USA users
Low leverage for margin trading
No investment programs for passive earnings

Phemex, established in 2019 and headquartered in Singapore, stands out as a prominent crypto derivatives trading exchange founded by former Morgan Stanley executives. 

General Information

Year founded: 
2019

Anonymity

Phemex caters to a diverse clientele, offering no-KYC options, quick registration, and a mobile app for convenient access. 

Reputation

Users appreciate its low fees, deep liquidity, user-friendly interface, and a range of trading options including spot, contract, and margin trading. 

Pros and Cons

Low trading fees
Highly rated mobile apps
Accepts an avalanche of crypto deposits
Offers fiat to crypto purchases
A huge number of coins and pairs for trading
Fee structure is complex
No lending services
Takes withdrawal fees for some coins
No clear-cut information on licensing and regulation
Minimum withdrawal amounts

Disclaimer: The information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.

 

Why Trust Us?

At CryptoManiaks.com, we take pride in our ability to provide reliable and trustworthy information about the crypto space. 

Our team consists of individuals who have been actively involved in the crypto market for a significant amount of time, giving us a deep understanding of how it works.

We don't just rely on surface-level knowledge or hype when evaluating platforms and products. 

Instead, we dive deep into the details, thoroughly researching and testing each option before forming our opinions. Our goal is to offer unbiased assessments that you can trust.

Maintaining integrity is crucial to us. 

We aim to ensure you get accurate and credible information to help you make the best decisions for your crypto investments and trading activities.

 

Selecting Your Crypto Leverage Platform in 2024 - 6 Factors To Consider

Choosing the right crypto leverage trading platform is a critical decision that can significantly impact your overall trading experience and profitability. 

With numerous options available in the market, it's essential to carefully evaluate the key factors that align with your specific needs and crypto and Bitcoin trading strategies.

In this section, we'll explore six most important considerations that should be at the forefront of your decision-making process when selecting the best leverage crypto exchange for your needs.
 

Restricted Countries

Restriction policies regarding certain countries or regions are a crucial aspect to consider when selecting a leverage trading crypto platform in 2024. 

Due to varying regulatory frameworks and compliance requirements in countries like the United Kingdom or Canada, some platforms may not be accessible to traders from specific locations. 

This is a critical factor as it directly impacts your ability to access and utilize the platform's services.

For instance, some popular platforms may restrict users from countries like the United States, Canada, and several European nations due to stringent regulations surrounding leverage trading. 

Other platforms are more globally accessible, allowing traders from most countries to participate. Still, these platforms have to comply with all regulations.
 

Reputation and Trust

Reputation and trust can make or break your experience with a crypto leverage trading platform. 

These factors carry significant weight, as you'll be entrusting your capital to the platform. 

That’s why we conduct a thorough assessment of each platform's reputation and trustworthiness before including it on our list.

Our evaluation process involves an in-depth analysis of various factors, such as the platform's licensing and regulatory compliance, as well as a review of all types of legitimate complaints available online, on websites like Trustpilot and forums like Reddit.

We examine reports of account closures, confiscated funds, cryptocurrency-related issues, deposit problems, ID verification concerns, unresponsive or unhelpful support, and withdrawal delays.

By looking into these, we can provide you with a well-rounded understanding of each platform's track record. 

Ultimately, our goal is to recommend platforms that have consistently demonstrated a commitment to transparency, security, and user satisfaction, ensuring that your trading experience is built on a foundation of trust and reliability.
 

Deposit and Payout Speed & Terms

Efficient deposit and withdrawal processes are crucial factors that can significantly impact your trading experience on a crypto leverage platform. 

We understand the importance of seamless fund management, which is why we thoroughly evaluate the deposit and payout terms offered by each platform.

Our assessment encompasses various aspects, including the availability of diverse deposit methods (credit/debit cards, PayPal, Venmo, Cash App), ensuring that traders have convenient options to fund their accounts. 

Additionally, we look into the minimum deposit requirements, the amount and accepted fiat currencies, and supported payment methods, all of which cater to traders with varying investment capacities.

We place a strong emphasis on withdrawal methods and processing speed. 

A platform's ability to facilitate swift and hassle-free withdrawals is a key indicator of its reliability and commitment to user satisfaction. 

By prioritizing platforms that excel in this regard, we aim to minimize frustrations and ensure a smooth trading experience for our readers.
 

Mobile User Experience

Nowadays, the ability to trade on the go has become a crucial requirement for many crypto traders. 

We recognize the importance of a seamless mobile user experience and prioritize platforms that excel in this aspect. 

Our evaluation process includes various factors to ensure that our readers can have a good leverage trading experience, regardless of their location or device.

One key area we assess is the registration process, ensuring that it is straightforward and user-friendly, even on smaller screens

We also carefully examine the interface cleanliness and fluidity, as a cluttered or laggy design can significantly hinder the overall trading experience.

Furthermore, we investigate the platform's theme design, ensuring that it is optimized for mobile devices and provides a visually appealing experience, like Crypto.com is, for example. 

The existence of an active community, accessible through mobile channels like Telegram, is another factor we consider, as it can provide valuable support and insights on the go.

Security features are also a top priority. 

We understand the importance of safeguarding your funds and personal information while trading from mobile devices. 

Additionally, we evaluate whether the platform offers a dedicated mobile app that supports leverage trading, as this can greatly enhance the overall user experience and convenience.
 

Security and Anonymity

When it comes to crypto leverage trading, security and anonymity are pillars of trust that should never be compromised. 

These aspects directly impact the safety of your personal information, digital assets, and overall trading experience.

In a digital world, where cyber threats are ever-present, robust security measures are essential to safeguard your funds and protect you from potential breaches or unauthorized access. 

Platforms that prioritize strong encryption protocols, multi-factor authentication, and rigorous anti-fraud mechanisms instill confidence and peace of mind, allowing you to focus on your trading strategies without unnecessary worries.

At the same time, these platforms are well-established, like Coinbase, Kraken, KuCoin, or BinanceUS which means they've managed to surpass every threat so far.

Furthermore, the ability to maintain anonymity in the crypto sphere is a highly valued characteristic for many traders. 

Platforms that respect user privacy and minimize the collection of personal information provide an added layer of security and discretion, ensuring that your trading activities remain confidential and your identity is protected.

By prioritizing platforms that excel in both security and anonymity, we help you engage in leverage trading with the assurance that your sensitive data and assets are well-guarded.
 

Support

When it comes to crypto leverage trading, having access to reliable and responsive support can be the difference between a positive experience and a frustrating ordeal. 

We understand the crucial role that support plays for traders, which is why we meticulously evaluate this aspect for each platform we assess.

Our evaluation process begins by examining the various contact methods available, such as email, phone, and live chat support

We prioritize platforms that offer multiple channels, catering to the diverse preferences of traders and ensuring accessibility in times of need.

Furthermore, we assess the efficiency of the support team by analyzing its response times and the quality of the assistance. 

Prompt and knowledgeable support can be invaluable, especially when navigating complex leverage trading scenarios or encountering technical issues.

We also investigate the availability of support across different languages, recognizing the global nature of the crypto community. 

Platforms that offer multilingual support demonstrate a commitment to inclusivity and a willingness to cater to a diverse user base.

Additionally, we evaluate the presence of 24/7 live chat support, as well as the availability hours for other support channels. 

We know traders often operate across different time zones, and having access to reliable assistance around the clock can be a game-changer.

 

Why Trade Crypto With Leverage?

Leverage trading in the cryptocurrency markets offers the potential for amplified returns, allowing traders to gain exposure to larger positions with a smaller initial investment. 

By utilizing leverage, traders can capitalize on market movements and potentially maximize their profits.

With a careful approach, leverage crypto trading can be a powerful tool for investors. 

However, it's crucial to understand that leverage is a double-edged sword, as it can also magnify losses. 

Consequently, leverage trading is typically suited for experienced traders with a solid risk management strategy and a thorough understanding of market dynamics.

Pros of Crypto Leverage Trading

Pros of crypto leverage trading include:
 

  • Amplified returns potential with a smaller initial investment
  • Ability to capitalize on market movements more effectively
  • Increased trading flexibility and position sizing options
  • Opportunity to maximize profits during favorable market conditions
  • Access to higher trading volumes and liquidity

 

Cons of Crypto Leverage Trading

Here are three cons of crypto leverage trading:
 

  • Magnified losses potentially lead to a complete depletion of capital
  • Increased market volatility can trigger sudden and substantial margin calls
  • It requires a high level of discipline, risk management skills, and emotional control

 

 

CryptoManiaks` Conclusion: Crypto Leverage Trading Websites

At CryptoManiaks, we're passionate about sharing our insights on crypto leverage trading platforms, especially for traders in the USA. 

After reviewing numerous options, we've compiled a list of standout platforms that excel in areas like security, anonymity, and user experience.

However, we understand the needs and preferences of traders can change over time, and we remain committed to continuously monitoring the market and reassessing our rankings. 

This approach ensures that our readers always have access to the most up-to-date and relevant information, empowering them to select the platform that best aligns with their trading strategies and requirements.

Frequently Asked Questions

How does leverage trading work in the context of cryptocurrencies?

In the context of cryptocurrencies, leverage trading works by allowing traders to borrow funds from a platform or exchange in order to amplify their trading positions. This means that traders can control larger amounts of cryptocurrency than they actually own, increasing the potential for profit (or loss). For example, a leverage ratio of 10:1 would mean that for every $1 of the trader's own capital, they can control $10 worth of cryptocurrency. This allows traders to take advantage of small price movements and potentially generate higher returns.

Are there any beginner-friendly crypto leverage trading platforms?

There are numerous beginner-friendly crypto leverage trading platforms available in the market. While leverage trading carries inherent risks, some platforms have made efforts to cater to newcomers by offering user-friendly interfaces, educational resources, and risk management tools. Features like interactive tutorials, demo accounts, and simplified order entry systems can help beginners ease into the world of leveraged crypto trading. 

How to choose the best crypto leverage trading platform?

When choosing the best crypto leverage trading platform, look for one offering a wide range of cryptocurrencies and a user-friendly interface with advanced tools like real-time market data, customizable charts, and risk management options. Prioritize security with features like two-factor authentication (2FA) and cold storage. Also, consider the platform's reputation and customer support quality, as prompt assistance is vital in the fast-paced crypto trading world.

How to manage risk in crypto leverage trading?

Diversification is key in managing risk in leverage trading. By spreading your investments across different cryptocurrencies, you minimize the impact of any single asset's price fluctuations. Additionally, setting stop-loss orders can help limit potential losses by automatically selling a position if it reaches a predetermined price level. Another important aspect is thorough research and analysis before entering any trade. Understanding the fundamentals and technical indicators of the chosen cryptocurrency can provide valuable insights into its potential price movements.

How to withdraw funds from a crypto leverage trading platform?

To withdraw funds from a crypto leverage trading platform, first, log into your trading account and navigate to the withdrawal section. Next, select the desired cryptocurrency or fiat currency you wish to withdraw. Then, enter the amount you want to withdraw and provide the necessary wallet address or bank account details for the transfer. Once you have reviewed all the information, confirm the withdrawal request. The platform's advanced security protocols will ensure that your funds are safely transferred to your designated destination within a specified timeframe.

How to calculate the potential profits and losses in crypto leverage trading?

To calculate potential profits and losses in crypto leverage trading, first, determine the leverage ratio being used, which represents the amount of borrowed funds compared to your own capital. Next, consider the entry price of the cryptocurrency you are trading and the desired exit price. Subtract the entry price from the exit price to calculate the price difference. Multiply this difference by the leverage ratio to determine the amplified gain or loss. Take into account any transaction fees or interest charges associated with leverage trading.

Written by

Rica was a local news writer in the Philippines from 2011 to 2019. During the 2020 COVID pandemic, she fell in love with cryptocurrency and expanded her writing expertise to blockchain, NFTs, Web3, and FinTech. She is also well-versed in the financial markets, specializing in daily market news and price predictions. When she’s not writing, you’ll find her singing and dancing to K-Pop music!

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