#1. Bybit: Best Leverage Trading Exchange

Bybit is definitely one of the most trustworthy and well-known crypto platforms, and is #1 when it comes to leverage trading. Although it launched only 5 years ago, it already serves over 10 million users worldwide with a daily trading volume of 10 billion dollars, which ensures very high liquidity for short-term traders. 

With a rapid trade speed of 100,000 TPS and 99.99% system functionality, Bybit makes an outstanding choice for leverage trading. The platform creates the perfect environment for more serious leverage traders who have no use for unreliable, second-rate exchanges. 

Some platforms only offer about 5x leverage. Offering a very generous amount of up to 100x leverage, Bybit’s focus on leverage traders is crystal clear. Its available derivatives markets are Inverse Futures, Inverse Perpetual, and USDT Perpetual contracts. Bybit fees are also quite low, with maker fees of 0.01% and taker fees 0.06%, allowing you to maximize profits from your trades. 

This platform is a great fit for beginners as well, thanks to its straightforward, user-friendly interface that allows even beginners to easily navigate through it. What’s more, this platform also has a testnet (demo) where you can easily experience and explore the mirrored capabilities of their main website without any consequences. 

Bybit also has 24/7 live chat support. This can really come in handy when you are having issues with the account and don’t want to waste several days trying to get in contact with the customer support team. 

If you want to sign up to Bybit, use this link to receive FREE $10 BTC to get you started, when you deposit at least $100.

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#2. MEXC: Best Leverage Platform in the USA

Since Bybit isn’t supported in the US, the best choice for US residents is MEXC Global. MEXC supports more than 1,520+ cryptocurrencies, over 2,110 trading pairs, and offers up to 200x leverage, making it the ideal exchange for experienced crypto traders. 

MEXC also has the lowest trading fees, with zero fees for 11 popular spot trading pairs, 0.1% fees for other spot trading pairs and 0.01/0.05% for futures trading. The platform also features one of the best customer support services. 

MEXC also offers copy trading where you can copy any of the most profitable investors on the platform. This feature is handy for leverage trading newbies – you won’t have to conduct any technical analysis or analyze the market yourself. Simply rely on the experience and knowledge of someone with a proven track record. 

If you are interested in signing up with MEXC, take advantage of this special welcome offer. New users receive FREE $30 USDT, and also 10% off all your trading fees!

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#3. KuCoin: Best for Free Trading Bot

With more than 700+ supported cryptocurrencies, very low trading fees, and over 20 million users worldwide, KuCoin takes fourth place in my list of top leverage trading crypto platforms. Leverage trading is one of the most popular and commonly used features on KuCoin, and up to 100x is available.

Fees are very low on KuCoin, with spot trading fees of 0.1%, and 0.02/0.06% for futures trading. If you want to use KuCoin's native coin (KCS) to pay fees, you will receive a discount of 20%. Moreover, if your trading volume is high over the past 30 days, you can reduce the fees even more. 

KuCoin also allows you to automate your trading strategy using its free trading bots. While some trading bots cost hundreds of dollars, KuCoin's are all free, so be sure to take advantage of this excellent feature. The exchange offer Futures Grid bot, Spot Grid bot, DCA bot, Smart Rebalance bot, and Infinity grid bot. Using a trading bot is an outstanding way to profit from crypto trading, with minimal input. All you need to do is set your parameters at the start, and then let the bot run. 

Besides leverage trading, KuCoin offers a wide range of other options for users, including swaps, instant crypto purchases, crypto lending, staking, and P2P marketplace. 

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#4. Margex: No KYC - Best Anonymous Trading

Privacy is one of the most essential factors in cryptocurrency, and this is what makes Margex an excellent choice for leverage traders. You can access this trading platform with no KYC verification, therefore keeping your personal details and information secure.

The sign-up process at Margex is pretty straightforward. Simply create an account, make a deposit, and then start leverage trading. There is no need to upload documents or verify your personal information before you can begin your crypto trading experience.

Margex offers up to 100x leverage, quick price updates, and low trading fees. The trading fee for makers is 0.019% and 0.060% for takers. Aside from being user-friendly, Margex is also very secure, with bank-grade security, and they store 100% of assets in offline cold storage. They have also developed an innovative MP Shield System, which protects users from any price manipulation.

One minor downside is that Margex only supports 39 digital assets, which is a very small range compared to other crypto exchanges. The good news is that most of the popular leverage traded coins are included, such as BTC, ETH, XRP, LTC, ADA, and SOL.

If you want to use Margex, be sure to access this special welcome offer available through our link, which gives new users FREE $100 bonus, plus 15% of first deposit rewarded as a bonus. To learn how this works or to claim the offer, click here.

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#5. BYDFi: Highest leverage of 200x

BYDFi is a newer leverage trading platform, established in 2020, but it has quickly risen to the top due to a few main reasons. The first is that it offers extremely high leverage for futures trading, with 200x leverage, which is twice what Bybit offers, and significantly higher than MEXC's 125x. This gives experienced traders the opportunity to maximise their profits from successful trades, and offers more flexibility.

The second reason BYDFi is such a popular leverage trading platform is that it offers a demo account. I enjoyed this feature because I could test out various strategies without risking my funds. All the prices follow the live market, and the only difference is that your orders are made with play money, so you can watch how your virtual portfolio increases or decreases over time, using your trading strategies.

Finally, although BYDFi is a dedicated leverage trading platform for advanced traders, it does allow newcomers to crypto to get started with trading. There is a separate User Interface called 'Classic', which reorganizes information to make it simpler for beginners to understand what is happening and dip their toes into trading. If you ever find yourself with any issues, you can easily reach out to BYDFi customer support via live chat, so you can get back to trading as soon as possible.

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#6. Kraken: Best for Simple Leverage Trading

Kraken is a US-based leverage trading platform, and one of the most trustworthy platforms in the crypto community for a long time. It was founded back in 2011 and has gained over 6 million users worldwide. The user-friendly platform offers a variety of options such as leverage trading, spot trading, and futures contracts. 

Kraken features an extensive line of 185 supported digital assets. Leverage trading is fully accessible to all users, with up to 5x leverage. You can margin trade on market and limit orders, which is extremely convenient. The fees are very low, at up to 0.02% to open a position, and rollover fees of 0.02% for every 4 hours to keep your position open. With high leverage limits, eligible clients can access up to $500,000. Considering the high margin limits and the low fees, experienced traders will be able to maximize their profits on Kraken. 

While Kraken's Pro trading interface with advanced order options and tools satisfies the needs of most experienced crypto traders, the platform is also suitable for beginners. For newbies, Kraken offers a simple platform for learning leverage trading. The interface is intuitive and the leverage option is clearly marked and accessed by clicking a single button. If you encounter any difficulties or questions, you can always rely on the 24/7 Live Chat support team. 

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#7. Phemex: Best for Welcome Bonuses

Phemex is one of the most widely-known crypto trading platforms. Founded and launched in Singapore in 2019, the platform is relatively new, yet it has climbed the ranks quickly to become one of the most trusted crypto exchanges.

Phemex is well-known for the bonuses on offer, which you can access easily after creating an account and making your first deposit. You can also earn bonuses in other ways, for example, by creating a leveraged position, linking your social media, or making a spot trade. The rewards offered are great and significantly help large-volume crypto traders maximize profits from their trades.

Phemex is a very powerful crypto margin platform, with daily trading volume exceeding 1 billion dollars, and over 300,000 orders executed each second. The platform is very fast, with a response time of less than one millisecond, and there are more than 30 liquidity providers integrated into their order book. Users can access leverage from 5x to 100x, and the fees are low. Takers pay a fee of 0.075% for takers, and makers are actually paid a rebate of 0.025%.

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