Are you looking to trade Bitcoin and other cryptocurrencies with leverage.  There are a number of platforms that offer margin trading.   These platforms let you open both long and short positions.

Remember that margin trading can be very risky.  I don’t recommend it for those who are new to trading.  Instead your best bet is to just buy some bitcoin and hodl.

Bitmex

Bitmex is usually the first port of call for people looking to trade bitcoin with leverage.  You can trade with leverage up to 100x.

I wouldn’t recommend Bitmex for beginners.  It has a lot of advanced features and a rather complex interface.  It’s best suited to more advanced traders.    As Bitmex is very popular it has excellent liquidity.

eToro

If you’re new to crypto trading then I would recommend eToro.  They have an easy to use interface that is very easy to pick up.  They offer trading on a range of popular cryptocurrencies including Bitcoin, Ethereum, Cardano, Dash, Litecoin, EOS and more.

One of eToro’s unique features is CopyTrading.  This lets you automatcially copy trades made by more experienced and profitable traders.  So those who have no trading experience can still make crypto trades.

eToro doesn’t currency offer deposits using cryptocurrency.  But you are able to deposit via paypal, credit card and bank transfer.  This will appeal to many people who don’t want to worry about first having to buy bitcoin.

You can start trading on eToro here

Deribit

Derebit is similar to Bitmex.    They offer Futures and Options trading with upto 100x leverage  Just like Bitmex, I would only recommend this platform to more advanced traders.  Currently they only support deposits using Bitcoin.  They have a good reputation for staying online even when Bitcoin trading hits peak volume.

Evolve

Evolve lets you trade a range of cryptocurrencies using the metatrader platform.  Metatrader will be familiar to those who have traded forex before.  It’s basically a desktop program for trading forex, stocks and now cryptocurrency.    Evolve is a more professional option – again not great for beginners.

Whaleclub

Whaleclub is a trading platform that is run on Bitcoin.  You can trade forex, stocks and cryptocurrency.  They have a very good web based trading interface that is pretty easy to use.

One of the downsides of using Whaleclub are the interest fees.  These are charged every hour.  Most platforms charge daily fees so this is a bit rich and it makes it difficult to leave trades open for long periods.  Whaleclub is best used to short term trades.