Altcoin Margin Trading – Complete List Of Currently Available Leverage
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.