Bitcoin leverage trading has become a popular trading strategy for BTC traders. This is because it allows traders to control larger trades with smaller initial investments, thanks to broker leverages.
Crypto exchanges normally offer varying leverage amounts such as 5x, 10x, 100x, or even more, depending on the broker. This allows traders to amplify their profit potentials proportionally.
Selecting a good exchange can make all the difference in your trading endeavors and overall profitability. Otherwise, selecting just any platform without caution could result in a disaster where you sign up on a dubious exchange such as grinex.io(formerly Garantex) and lose your hard-earned money.
The Top 5 Best Bitcoin Leverage Trading Exchanges
1. Kraken—www.kraken.com
Kraken is arguably the best crypto exchange for bitcoin leverage trading.
The company is licensed and regulated in many countries worldwide, including in the US, UK, European Union, Australia(authorized through its subsidiary, Bit Trade), and UAE.
It offers maximum leverage that is 5x your trading capital for crypto leverage trading.
This allows traders to control a position five times larger than their account balances.
While the maximum leverage may seem a bit low compared to what other exchanges offer, this ratio is safe and lowers your risk of losing so much money should you predict wrongly.
Unfortunately, Kraken does not support cryptocurrency leverage trading in some countries, including the USA and Canada.
2. Binance — www.binance.com
Binance offers maximum leverage of up to 100x for cryptocurrency leverage trading. This allows traders to control positions up to one hundred times more than their initial margins.
It’s a good choice because it’s trustworthy and credible, licensed in 21 countries, including Brazil, Japan, New Zealand, France, Italy, South Africa, UAE, Sweden, Lithuania, and Spain.
Advanced trading features, low trading fees, high liquidity, and fast execution are some benefits that make binance.com a great choice.
Unfortunately, Binance has been hacked in the past, losing 7,000 Bitcoin(worth over $85 million today) to hackers.
Luckily, the company fully compensated its victims with funds from its SAFU emergency fund, strengthening client trust.
3. Etoro(One Of The Most Popular Bitcoin Leverage Trading Exchanges) — www.etoro.com:
With 38 million registered users, eToro remains one of the most popular platforms for Bitcoin leverage trading.
It offers leverage between 2x and 5x, depending on the jurisdiction and the type of trader(.i.e. retail and professional traders).
Headquartered in Tel Aviv, Israel, eToro has offices in different parts of the world including London, Florida, Sydney, and Limassol, Cyprus, holding valid licenses.
Unfortunately, crypto leverage trading is not available to U.S. users due to regulatory constraints.
4. Bybit — www.bybit.com
Bybit has 60 million users, making it one of the world’s largest crypto exchanges.
Headquartered in Dubai(UAE), the international exchange offers up to 100x leverage for bitcoin (BTC) leverage trading.
Deep liquidity amounting to $20bn (£15bn) and advanced, super useful trading features such as stop-loss, take-profit, and enhanced risk management are some of the reasons to consider this platform.
What’s more, Bybit is also loved by Bitcoin and crypto traders in general due to its fast trade execution, which provides a competitive advantage.
5. BingX — www.bingx.com
Offering leverages up to 150x your trading capital, Bingx can be a great choice for bitcoin leverage trading even though it elicits mixed opinions from the crypto community.
On one hand, it shows signs of a legitimate company. For example, it has been recognized by Tradingview as the best crypto exchange or broker consecutively between 2021 and 2023. What’s more, Bingx was the official sleeve partner for Chelsea in the 2023/24 season.
On the other hand, there are mixed reviews on Reddit about the credibility of this exchange. Some say it’s a legitimate cryptocurrency exchange. Others accuse it of being a scam, stating that the positive feedback on Reddit has been written by bots.
Additionally, the company has been flagged by the Securities Commission of Malaysia for operating a digital asset exchange (DAX) without registration. Similarly, Spain’s financial regulator, the CNMV, has also flagged it for the same reason.
However, every story has got three sides—one side, the other side, and the truth.
Here’s the Truth About This Credible Bitcoin Leverage Trading Platform
Bingx is a legitimate global cryptocurrency exchange.
The company was founded in 2018, and it is allegedly licensed in Lithuania by the Bank of Lithuania. Unfortunately, the specific licensing details are not in the public domain.
According to TradingView, it has a physical address at RM C2 3/F On Shing Industrial Building, 2-16 WO Liu Hang Road, Fotan, Hong Kong.
BingX operates internationally and holds licenses in multiple jurisdictions, including North America and Australia.
In Australia, it’s particularly authorized by the ASIC and it operates under the name ‘BingX Global PTY LTD’. I found proof of its ASIC regulation on this page.
Unfortunately, BingX, like other crypto exchanges, has not been spared by hackers in the past.
On September 20, 2024, the company suffered a massive cyberattack, losing over $52 million to cybercriminals.
Following the incident, the company committed to compensating the victims fully using its own capital. At the same time, it extended an olive branch to the hackers offering them a 10% bounty for the return of the stolen funds. However, it remains unclear whether the hackers returned the stolen funds. There’s no public information or reports confirming any restitution by the cybercriminals.
Watch Out for Bitcoin Leverage Trading Scams
The number of fraudulent domains that target the crypto community continues to grow at alarming rates. Cybercriminals continue to improve their deceptive tactics, leaving more people vulnerable.
Brand clowning is one of the latest tactics they use to confuse unsuspecting traders.
Here, they come up with brand names and domains that look similar to those of existing legitimate exchanges.
For example, a suspicious exchange called X-Bing(x-bingx.net) was mimicking BingX(bingx.com) in 2024. The dubious broker, which has since vanished, claimed to be based in the Cayman Islands, a well-known offshore jurisdiction often linked to dubious brokers.
The Canadian financial services regulator— BC Securities Commission issued a warning, alerting members of the public that this fraudulent broker had not been recognized as an exchange in British Columbia.
X-Bing was often mistaken for BingX, especially by those who had heard of BingX long ago but couldn’t recall the exact name when searching on Google. As a result, they might search for ‘X-Bing’ instead of ‘BingX’ and end up on the fraudulent broker’s website instead of BingX.com. Believing it to be the legitimate exchange, BingX, they could unknowingly deposit funds, only to realize later that they had been deceived.
Report A Scam
Have you fallen victim to a scammer through brand clowning or any other deceptive tactic used by scammers to mislead unsuspecting traders? Go to this page, or email scamread@scamreader.info to report the scam and seek help.
Final Thoughts
Crypto leverage trading is one of the best strategies to make good profits trading cryptocurrencies. It allows you to control larger trades with smaller initial investments, giving you a chance to make even if you invest less.
Choosing the right exchange is one of the most important first steps in this crypto trading strategy. If you don’t know where to start, Kraken(kraken.com), Binance(binance.com), Etoro(etoro.com), Bybit(bibyt.com), and BingX(bingx.com) are the top 5 platforms for Bitcoin leverage trading.