When crypto bull market profits dry up, the best way to keep gains coming is by using leverage to open long and short positions on cryptocurrencies when volatility strikes. Traders can tailor their trading strategy to fit the trend, not fight against it.
The margin trading space is filled with fierce competition, but one must be crowned the champion of trading cryptocurrency on leverage. We’ve put PrimeXBT, ByBit, and Deribit head-to-head-to-head in an in-depth comparison to find out once and for all: Who offers the most powerful leverage in the crypto market?
But First, What Is Leverage?
Margin trading platforms provide traders with a way to use digital assets as collateral to open positions, with sizing much more significant than what capital levels would otherwise provide.
For example, a standard buy order for a full BTC at $20,000 would earn a trader $10,000 in profit as the cryptocurrency increases to $30,000 per coin. Meanwhile, going long Bitcoin at $20,000 with 100x leverage will produce $1M in total profits. The higher the leverage, the more mind-blowing the results.
As you can see, leverage provides serious results. With so much power, risk is involved. However, the platforms we’ll be reviewing provide stop loss protection and other risk management tools to help traders get the job done 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
PrimeXBT is an award-winning margin trading platform known for its more than 100 different trading instruments, free mobile app, and the Covesting copy trading module. Traders get access to built-in technical analysis tools, trading education, weekly competitions, passive investing, a four-level referral program, and much more.
Up to 200x leverage is provided by PrimeXBT on popular and trending cryptocurrencies like Bitcoin, Ethereum, or altcoins from categories like metaverse, DeFi, and others. Unlike other platforms on the list, PrimeXBT offers exposure to traditional assets like 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
ByBit is a next-level trading platform that combines trading, earning, and learning all in one. ByBit has built up an NFT platform in addition to a variety of yield options under the Earn section. The company also offers a launchpad 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 tier 1 margin requirements. ByBit has a complicated margin requirement system and is lacking in terms of power across other cryptocurrencies. At roughly 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.
Deribit
Unlike PrimeXBT and ByBit, which offer educational services, passive income opportunities, and more, Deribit is a little more bare-bones by comparison. That is because Deribit is focused on both Futures and Options. Both types of contracts are cryptocurrency derivatives, but each type of contract is very different.
Deribit Futures max out at only 50x leverage, while Deribit Options have a limit of 10x leverage on Options contracts. Deribit also only offers both Bitcoin and Ethereum at 50x leverage, unlike other platforms listed in the comparison, which provide a wide range of crypto assets and traditional assets under the same roof.
Conclusion: For The Best Leverage In The Industry, Pick PrimeXBT
At 200x leverage, the clear winner is PrimeXBT. The powerful leverage is the highest in the industry and up to four times as potent as what is offered by competitors in this comparison. In addition, PrimeXBT offers more innovative cryptocurrency-based products and services and provides more frequent updates to its platform than the rest of the list.
For hands-down, the most powerful leverage in the crypto market, pick the award-winning margin trading platform PrimeXBT.