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 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.
Info – margin trading is not available to U.S users
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.
78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
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 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.
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.