Save Money With These Altcoin Margin Brokers:
Although Bitcoin is certainly the cryptocurrency that is most traded on leverage, trading Altcoins is no less interesting for many profit-oriented traders. Here, too, there are many that can be traded on margin, some even with as high leverage as Bitcoin.
Note that trading with leverage always means derivatives, i.e. CFDs. The underlying asset is not bought in that sense, so you don’t get ownership, but you’re speculationg on price fluctuations against the currency against which the coin is traded in the particular case. In the tables further below you’ll see that it depends on the trading platform against which currency you can trade an altcoin.
For most crypto margin brokers, BTC is the collateral you have to deposit. In some cases you may also be able o deposit ETH or other major cryptocurrencies. With eToro, Fiat money is deposited into the account. More specialized altcoins Brokers such as Binance and BitMax allow for deposits in all supported altcoins in order to trade them on margin.
Note that BTC is often called XBT on broker websites withing their listings of trading pairs or contracts. So don’t get confused by this denominations – XBT means Bitcoin.
Attention: Residents and citizens of the USA are not allowed to trade cryptocurrency on leverage (derivatives), so all brokers listed on this site may not be used in the US or by holders of a US passport. Exception: On
eToro US Americans are allowed to buy and sell real cryptocurrencies, without leverage (meaning no CFD trading).
Altcoins available for Margin Trading:
(skip to linked table)
Ethereum – ETH
On the following cryptocurrency derivatives trading platforms Ethereum can be traded with leverage against different currencies.
| Broker |
Leverage |
Pairing |
| BitMEX |
1:50 |
USD |
| PrimeXBT |
1:100 |
BTC, USD |
| ByBit |
1:100 |
USD |
| Binance |
1:3 |
BTC, USDT |
| BitMax |
1:10 |
BTC, USDT |
| BaseFEX |
1:20 |
BTC, USDT |
| Monfex |
1:20 |
USD |
| Overbit |
1:20 |
BTC |
| SimpleFX |
1:5 |
USD |
| eToro |
1:2 |
USD, EUR, GBP, JPY, AUD, NZD,CAD, CHF, BTC, EOS, XLM |
_______
Litecoin – LTC
As one of the biggest and oldest altcoins, Litecoin is among the most supported coins when it comes to margin trading.
___
Ripple – XRP
| Broker |
Max. Leverage |
Pairing |
| BitMEX |
1:20 |
BTC |
| PrimeXBT |
1:100 |
BTC, USD |
| ByBit |
1:25 |
USD |
| Binance |
1:3 |
BTC, USDT |
| BitMax |
1:10 |
BTC, USDT |
| BaseFEX |
1:20 |
BTC |
| Overbit |
1:20 |
BTC |
| SimpleFX |
1:5 |
USD |
| eToro |
1:2 |
USD, EUR, GBP, JPY, AUD, NZD, CAD, CHF |
__
EOS
___
Bitcoin Cash – BCH (sometimes BCHABC)
__
Monero – XMR
__
Cardano – ADA
__
Tron – TRX
__
Binance – BNB
__
DASH
__
Ethereum Classic – ETC
| Broker |
Max. Leverage |
Pairing |
| Binance |
1:3 |
BTC, USDT |
| BitMax |
1:5 |
BTC, USDT, ETH |
| Monfex |
1:20 |
USD |
| eToro |
1:2 |
USD, EUR, GBP, AUD, NZD, CAD |
__
OmiseGo – OMG
| Broker |
Max. Leverage |
Pairing |
| Monfex |
1:20 |
USD |
NEO
__
Zcash – ZEC
__
ATOM
| Broker |
Max. Leverage |
Pairing |
| Binance |
1:3 |
BTC, USDT |
| BitMax |
1:5 |
BTC, USDT, ETH |
__
USDCoin – USDC
| Broker |
Max. Leverage |
Pairing |
| Binance |
1:3 |
USDT |
__
LINK
| Broker |
Max. Leverage |
Pairing |
| Binance |
1:3 |
BTC, USDT |
| BitMax |
1:5 |
BTC, USDT, ETH |
__
MATIC
| Broker |
Max. Leverage |
Pairing |
| Binance |
1:3 |
BTC, USDT |
__
ONT
| Broker |
Max. Leverage |
Pairing |
| Binance |
1:3 |
BTC, USDT |
__
Stellar Lumen – XLM
| Broker |
Max. Leverage |
Pairing |
| eToro |
1:2 |
USD, BTC |
| Binance |
1:3 |
BTC, USDT |
| BitMax |
1:3 |
BTC, USDT, ETH |
__
BTMX – BitMax Coin
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:3 |
BTC, USDT |
__
HT
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:10 |
BTC, USDT |
__
ZRX
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:2 |
BTC, USDT, ETH |
__
ONE
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:3 |
BTC, USDT |
__
OKB
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:10 |
BTC, USDT |
__
ONT
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:5 |
BTC, USDT, ETH |
__
ALGO
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:5 |
BTC, USDT |
__
IOST
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:2 |
BTC, USDT, ETH |
__
BAT
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:2 |
BTC, USDT, ETH |
__
FTT
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:5 |
BTC, USDT |
__
ELF
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:2 |
BTC, USDT, ETH |
__
ZIL
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:3 |
BTC, USDT, ETH |
__
KCS
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:3 |
BTC, USDT |
__
BCHSV
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:3 |
BTC, USDT |
__
XEM
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:5 |
BTC, USDT |
__
BTT
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:5 |
BTC, USDT |
__
XTZ
| Broker |
Max. Leverage |
Pairing |
| BitMax |
1:3 |
BTC, USDT, ETH |
__
MIOTA
| Broker |
Max. Leverage |
Pairing |
| eToro |
1:2 |
USD |
Frequently Asked Questions about Altcoin Margin Trading
What is Altcoin Margin Trading?
Altcoin margin trading refers to Altcoins trading with leverage. Leverage trading, in general also known as margin trading, is based on the following principle: The margin trading platform allows the trader to open larger positions than his equity would allow. The amount of leverage determines how much the trader’s position can be greater than his equity. The trading platform lends the rest to the trader. This loan is usually subject to fees that are higher than normal trading fees. Furthermore, the trader is liable for his position with his stake (margin). If the price goes against him, the trader loses a part or even up to his complete altcoin stake, if he doesn’t save his position in time with a stop loss.
What Altcoin Exchanges have Margin?
The offer of margin trading at altcoin brokers is very different. Both the leverage offered and the number of crypto currencies varies enormously from broker to broker. Especially many altcoins can be traded on Binance, but the leverage for most is only 1:3. Bitfinex has also a quite large Atcoin portfolio, and also here the leverage is limited to 3.3x. BitMAX has a stronger offer in this area – there you can trade more than 60 altcoins, and with a leverage of up to 10x. BitMEX is almost the most popular platform when it comes to Bitcoin trading with leverage. The broker giant, however, also has a handful of leading altcoins in its repertoire, and they can be traded up to 33.3x. Poloniex is a well-known trading platform for altcoins. However, trading with leverage is only available for a few altcoins, and only at 2.5x.
How to Margin Trade Altcoins?
In order to trade altcoins with leverage, you must first open a free account with one of the above mentioned brokers. After the usually very fast and easy signup you have to deposit either Bitcoin (BTC) or the corresponding altcoins you want to trade with. Once the deposit has arrived, you can go to the trading area of the platform and simply place a buy or sell order with the desired leverage.
Which Altcoins can be traded on Margin?
It depends on the trading platform which altcoins can be traded on margin. On BitMEX you can trade Ethereum (ETH), Litecoin (LTC), Tron (TRX), Ripple (XRP), Bitcoin Cash (BCH), EOS and Cardano (ADA), each with up to 33.3x. Here is an entire list of altcoins that can be traded on margin at the moment: ETH, LTC, XRP, EOS, BCH, XMR, ADA, TRX, BNB, DASH, OMG, NEO, ZEC, ATOM, LINK, MATIC, ONT, XLM, BTMX, HT, ZRX, ONE, OKB, ONT, ALGO, IOST, BAT, FTT, ELF, ZIL, KCS, BCHSV, XEM, BTT, XTZ, IOTA. Go to the top of this page to see which altcoin can be traded on which platform.
What is the Benefit of Altcoin Margin Trading?
The benefit of margin trading in general is always the same. By trading with larger positions than your equity, you can reach higher profits as profit calculations always refer to the entire position.
How risky is Altcoin Margin Trading?
Altcoin margin trading is quite risky, especially for trading beginners. That’s why trading with leverage is not recommended for people with little trading experience. Professional traders always work with stop loss orders to protect their positions from bigger losses. In altcoin trading however, it can be tricky to use stop loss orders. IF an exchange offers this order type (which isn’t always the case), the difficulty lies in putting the order in the right place. Put even if it is technically in the right place, the likelyhood of getting stopped out is extremely high in crypto trading due to the extreme volatility. And this is when many traders start to make mistakes. They get annoyed by getting stopped out too often and needing to reopen their position so at some point they decide no to use the stop loss order anymore and manange the position manually. And that’s usually when they start losing too much of their stake.
Attention: Residents and citizens of the USA are not allowed to trade cryptocurrency on leverage (derivatives), so the brokers mentioned above on this page may not be used in the US or by holders of a US passport. To find out where US Americans can legally trade crypto read
this page.
