Bitcoin margin trading platform, which is better?

[frank1986]

I would like to ask about the digital currency margin trading, which platform is good. How much is the handling fee?

[figmentofmyass]

I would like to ask about the digital currency margin trading, which platform is good. How much is the handling fee?

for leveraged spot trading, the most popular options are bitfinex.....
https://support.bitfinex.com/hc/en-us/articles/115004555165-Intro-to-Margin-Trading
https://support.bitfinex.com/hc/en-us/articles/214441185-What-is-Margin-Funding-

.......and kraken.
https://www.kraken.com/en-us/features/margin-trading
https://support.kraken.com/hc/en-us/articles/206161568-What-are-the-fees-for-margin-trading-

futures is a whole different animal. the most popular choice on the market is bitmex:
https://www.bitmex.com/app/futuresGuide
https://www.bitmex.com/app/fees

have fun, and try not to get margin called!

[MURONDI]

I would like to ask about the digital currency margin trading, which platform is good. How much is the handling fee?

if you are a beginner trader it is not recommended to use margin trading, although margin trading can maximize profits but also has a big risk, there are many trades that provide margin trading features, like binance, bitfinex, or bitmex

[watergold]

Maybe the OP is ready with all its risks because of the best margin trading according to them, as said @MURONDI binance, bitfinex, bitmex on the exchange is the best platform in my opinion.

[alyssa85]

I would like to ask about the digital currency margin trading, which platform is good. How much is the handling fee?

It's not the fees that get you when margin trading. It's the whipsaw movements - like when bitcoin suddenly dumped by $1000 last month, and then pumped back up again a few weeks later.

These movements are usually designed to shake out the margin traders and transfer profit from you to them. Most margin traders lose money as a result - don't do it.

[frank1986]

Thanks for your reply.

[slaman29]

Much as I hate mentioning any name but Binance also has a new margin market. Though if you have to try margin, try something that's been in the business for a long time, as mentioned by figment. And as pointed out also, margin will kill you during spikes. I bet the last few weeks killed a lot of margin traders, who can survive 10% or even 30% moves?

You want to have extremely tight stop loss!

[pamsugas]

I would like to ask about the digital currency margin trading, which platform is good. How much is the handling fee?

for leveraged spot trading, the most popular options are bitfinex.....
https://support.bitfinex.com/hc/en-us/articles/115004555165-Intro-to-Margin-Trading
https://support.bitfinex.com/hc/en-us/articles/214441185-What-is-Margin-Funding-

.......and kraken.
https://www.kraken.com/en-us/features/margin-trading
https://support.kraken.com/hc/en-us/articles/206161568-What-are-the-fees-for-margin-trading-

futures is a whole different animal. the most popular choice on the market is bitmex:
https://www.bitmex.com/app/futuresGuide
https://www.bitmex.com/app/fees

have fun, and try not to get margin called!

all I know is bitmex margin trading that many people use. honestly I do not like margin trading is too big a risk, margin trading can be said to be like gambling if a wrong move can make the capital run out is not left.

[crwth]

I have been using two sites when it comes to margin trading with BTC-USD pairs.

• Bitmex
• Deribit

I have experienced a couple of drawbacks towards Bitmex when there's a sudden big movement in the market, as the "System Overload" error on their site, which is annoying when you encounter it when you are watching the site/prices. You could try both of them with and check their UI, it would depend. For Bitmex I find it easier to understand the fees and how to put limit orders, etc. For Deribit, there is more to consider not just the perpetual one. Their contracts are also different.

As for the fees, you could check these links out.

• Bitmex - https://www.bitmex.com/app/fees
• Deribit - https://www.deribit.com/pages/information/fees

[cryptoangel]

I would like to ask about the digital currency margin trading, which platform is good. How much is the handling fee?

If you want to know the best platform and right handling fees you only search the websites. But if you want suggestions of your decision surely everyone guide otherwise our time is waste in this thread. Normally traders are plan the further process then some dought and clarification is possible on everyone so my suggestion is analyse your own is good for beginners.

[rijaljun]

I would like to ask about the digital currency margin trading, which platform is good. How much is the handling fee?

Haven't ever heard about bybit.com?
You can search it and try it. Oh, if you are not sure about it then you can search and compare it with BitMex or deribit and you could find the fees on the google as it is not that hard and you might find more than what you wanted.

[BitHodler]

I ditched BitMEX for Deribit because of the overload error call, which hasn't been fixed ever since it was discovered. It reminds me of blockchain.com not fixing their bugs but blockchain's bugs at least don't cost people money.

Deribit has way less liquidity than BitMEX, but perfectly enough for most casual traders. I always managed to get my market orders fill near instantly without losing anything to slippage (yes I'm a small fish).

I would avoid Bybit as that platform has been shilled into oblivion by crypto influencers on social media.... most higher end traders avoid it too so just follow the smart money on that one and don't get yourself trapped inside their platform.

[Willitivity]

I would like to ask about the digital currency margin trading, which platform is good. How much is the handling fee?

Margin trading is saddled with high risks and which you need first be aware off. I would like to assume you have already been familiar and able to deal with them.  You would likely want to check out binance, although the margin trading hasn't been there for long, but it sure gets the job done and fees are well on the right side.

[bitzizzix]

In my opinion, Bitmex has a good reputation so far and in a short amount of time there are many fictitious margin traders on this exchange, and the margins offered by Bitmex are very easy to work on because they are supported by good clients.
and you can also compare and check before conducting your trading margin for the comparison you want, and besides Bitmex there are Bitfinex, Poloniex and Plus500 on the exchange are the best platforms.

[1Referee]

I have experienced a couple of drawbacks towards Bitmex when there's a sudden big movement in the market, as the "System Overload" error on their site, which is annoying when you encounter it when you are watching the site/prices.

I doubt it's an actual error. It only happens on Bitmex, the most well funded derivatives exchange in crypto. They can afford to blow $5 million per year on an office but not to invest in their exchange? Makes zero sense. I'm pretty sure that this system overload "error" is being forced upon their traders purposely to front run them and rekt those betting against their trading desk.

What I am a fan of are their once a day manual withdrawals because they do not work with hot wallets. This is something I wish more exchanges would do, but they are too busy caring about the opinions of their noobie gamblers who want to cash out immediately. They are also the first to complain when the exchange they use gets hacked.  

[crwth]

I doubt it's an actual error. It only happens on Bitmex, the most well funded derivatives exchange in crypto. They can afford to blow $5 million per year on an office but not to invest in their exchange? Makes zero sense. I'm pretty sure that this system overload "error" is being forced upon their traders purposely to front run them and rekt those betting against their trading desk.

I do think that they should do a system upgrade unless they are doing it on purpose, just like you said. It's almost always the topic on some of my Telegram Groups when that happens. I'm just not sure if they would ever fix it or something.

This was their response 6 months ago.

Improving the performance of our engine is the highest priority at BitMEX, and we are working hard to deliver these improvements as quickly and efficiently as we can.

You can read more about load shedding here - https://www.bitmex.com/app/loadShedding

I just learned in that link that you wouldn't be subjected to the overload if you choose to Market/Limit Close of a position or Cancel an Order. I'm just not sure I remember what I was doing when I experienced that overload.

What I am a fan of are their once a day manual withdrawals because they do not work with hot wallets.

I do like it too, it's doing its safety measures and making sure that they got the right withdrawals. I just wonder if they have a ton of withdrawals per day. They have to manually check it all the time, but I guess it comes with the job. Maybe more and more should do that too.

[leowonderful]

I love Bitmex's UI and the fact that you can customize so many features in so many ways on their site, something that no other major leveraged trading site offers to the extent Bitmex offers, but I've been slowly moving over to Bybit as of lately even though their interface is not as great as Bitmex's primarily because the site tends to run much smoother than Bitmex does during times when prices are moving strongly in one way or another. There's not nearly as much volume on Bybit most of the time, but it's still good enough for the amount of crypto I'm trading, and the site is reliable when I need it to work.

[acdc]

Margin trading is a very difficult form of trading and it is for experienced traders. It requires a great deal of knowledge of information capture and market analysis.
Margin trading is extremely profitable but also risky, if you are new to the cryptocurrency market I recommend you not to participate in margin trading. You should participate in daily trading and learn from experience before thiwr join margin trading.
In case you still want to try margin trading you can join it on Binance. https://www.binance.com/en/support/articles/360030849791

[maydna]

I will choose Bitmex because, for me, bitmex still be the best margin trading platform and I don't have any problem with them except my losses from trading

But so far, I am satisfied with them, and although right now, I don't use margin trading to make a profit, I still have some coins waiting for the trade. But if you want to try with margin trading, make sure you have the right skill so you can trade without a problem, and you can also make a profit because margin trading will be different from the regular trade in the exchanges. Besides that, the risk will be bigger in the margin trading then the other exchange, so make sure you know how to trade.

[clickerz]

Much as I hate mentioning any name but Binance also has a new margin market. Though if you have to try margin, try something that's been in the business for a long time, as mentioned by figment. And as pointed out also, margin will kill you during spikes. I bet the last few weeks killed a lot of margin traders, who can survive 10% or even 30% moves?

You want to have extremely tight stop loss!

So far binance is okay and  trading goes smoothly. I did try on Poloniex before, also no problem but since  I transfer most of my crypto assets to Binance, since then not visited Poloniex. Binance margin trading platform is new, it is worth a try if you do not have an account yet.

@slaman29 You are right that margin trading is very risky, just start a small amount to explore and close your trade when you're gone.