When crypto bull market profits dry up, the best way to sustain gains is to use leverage to open long and short positions in cryptocurrencies when volatility hits. Traders can tailor their trading strategy to adapt to the trendnot fight it.
The margin trading space is filled with fierce competition, but you have to be crowned the champion of leveraged cryptocurrency trading. We put PrimeXBT, ByBit and Deribit head to head in an in-depth comparison to find out once and for all: Who offers the strongest leverage in the crypto market?
But first, what is leverage?
Margin trading platforms offer traders a way to use digital assets as collateral to open positions, with a much larger size than capital levels would otherwise provide.
For example, a standard buy order for a full BTC at $20,000 would net a trader $10,000 in profit as the cryptocurrency drops to $30,000 per coin. Meanwhile, going long Bitcoin at $20,000 with 100x leverage will yield $1 million in total profit. The higher the leverage, the more stunning the results.
As you can see, leverage gives serious results. With so much power, risk is involved. However, the platforms we will review offer stop loss protection and other risk management tools to help traders do their job safely.
PrimeXBT vs ByBit vs Deribit: The Crypto Comparison
The only thing more powerful than leverage is knowledge. Next, we’ll provide you with a summary of everything you need to know about each platform, along with the maximum level of leverage offered.
PrimeXBT is an award-winning margin trading platform known for its over 100 different trading instruments, free mobile app, and Covesting copy trading module. Traders have access to built-in technical analysis tools, trading education, weekly competitions, passive investing, a four-tier referral program and more.
Up to 200x leverage is provided by PrimeXBT on popular and trending cryptocurrencies such as Bitcoin, Ethereum or altcoins from categories such as Metaverse, DeFi and others. Unlike the other platforms on the list, PrimeXBT offers exposure to traditional assets such as forex, commodities, and stock indices. Traders can also go long or short using up to 100x on stock indices, up to 500x on gold and silver, and up to 1000x on forex currencies.
ByBit is a next-level trading platform that combines trading, earning, and learning all in one. ByBit has implemented an NFT platform in addition to a variety of yield options in the Earn section. The company also offers a launch pad and early access to new tokens, as well as several unorthodox services like trading bots.
ByBit, at its best, only provides up to 100x on BTCUSDT Level 1 margin requirements. ByBit has a complicated margin requirement system and lacks power over other cryptocurrencies. At around half of what PrimeXBT offers, ByBit falls short of the bar set by its peers. ByBit also only provides exposure to cryptocurrencies. Like PrimeXBT, ByBit also offers an app for Android and iOS devices.
Unlike PrimeXBT and ByBit, which offer educational services, passive income opportunities, etc., deribitate is a little more stripped down in comparison. Indeed, Deribit focuses on both futures and options. Both types of contracts are cryptocurrency derivatives, but each type of contract is very different.
Deribit futures contracts reach a leverage of only 50x, while Deribit options have a 10x leverage limit on options contracts. Deribit also only offers both Bitcoin and Ethereum with 50x leverage, unlike the other platforms listed in the comparison, which provide a wide range of crypto assets and traditional assets under one roof. .
Conclusion: For the best leverage in the industry, choose PrimeXBT
With 200x leverage, the big winner is PrimeXBT. The powerful leverage is the highest in the industry and up to four times more powerful than what is offered by competitors in this comparison. Additionally, PrimeXBT offers more innovative cryptocurrency-based products and services and provides more frequent updates to its platform than the rest of the list.
For the strongest leverage in the crypto market, choose the award-winning PrimeXBT margin trading platform.