The United States of America is one of the leading countries in the world in terms of crypto holdings. It is also one of the largest contributors to spot and derivatives trading volume. However, the US government has imposed several restrictions on cryptocurrency exchanges, restricting users from trading freely.
If you are in the US and want to trade cryptos in a hassle-free manner, we’ve got you covered. Here’s a list of eight cryptocurrency exchanges that offer leverage trading to US users.
How & Where To Margin Trade Crypto In The US?
Kraken is a cryptocurrency exchange based in San Francisco, California, USA. Founded in 2011, Kraken is one of the oldest and most trustworthy crypto exchanges worldwide. It supports over a hundred cryptocurrency assets, including BTC, ETH, BCH, ADA, and more.
Kraken supports margin trading, and traders can get up to 5x leverage on their positions. You can also trade futures with up to 100x leverage. One of the main advantages of using Kraken is its powerful trading platform. Besides, Kraken has a separate terminal for futures trading that encompasses more advanced trading features.
Since Kraken is based in the USA, you won’t ever face legal issues like a sudden account ban. The only drawback of using Kraken is that it charges higher fees than other exchanges.
- 100+ supported cryptocurrency assets
- Margin trading
- Indices and futures
- OTC desk and account management
- Low trading fees
- Top-notch trading platform
- Various trading pairs to choose from
- High instant buying fees
- High withdrawal fees and minimums
FTX is a Bahamas-based cryptocurrency and derivatives exchange available in the USA. With over $10 billion daily trading volume, FTX is one of the most popular cryptocurrency exchanges out there. The exchange is relatively new; it was founded in 2019 and is headquartered in Nassau, New Province, Bahamas.
FTX offers almost all trading products you can think of. These include leveraged tokens, options, and futures. It also has other crypto products like NFTs, staking, and borrowing/lending. The maximum leverage available on the platform is 20x. Earlier, FTX allowed up to 101x leverage, but the company recently reduced it to 20x in order to protect traders.
- Futures, options, and leveraged tokens
- Advanced trading terminal
- 300+ supported cryptocurrencies
- Staking, borrowing, and lending features
- Seamless KYC process
- Specialized derivatives trading platform
- Guaranteed liquidity for users
- Leveraged tokens can be risky
- New exchange with small industry presence
Phemex is another renowned cryptocurrency exchange legal in the US. The exchange has over 2 million active users and a daily trading volume of over $2 billion. Besides, Phemex has 30+ integrated liquidity providers, so liquidity won’t be an issue for traders.
You get all the crypto trading products on Phemex. You can trade crypto futures with 100x leverage. The exchange supports over 40 cryptocurrencies. Apart from derivatives trading, Phemex offers instant crypto buying, spot trading, contract trading, and crypto staking. Traders also receive up to a $100 trading bonus.
- Futures trading
- Instant buy and spot trading
- 30+ liquidity providers
- 40+ supported cryptocurrencies
- 100x leverage trading
- Powerful trading platform
- High liquidity
- Limited cryptocurrencies available
- Slow customer support response times
KuCoin is a Singapore-based cryptocurrency exchange that’s allowed to operate in the USA. It’s one of the most comprehensive crypto exchanges out there, with a wide range of crypto products to choose from.
KuCoin offers up to 10x leverage on margin trading and up to 100x leverage on futures trading. Crypto products offered by KuCoin are instant buy, spot trading, margin trading, futures trading, leveraged tokens, and futures brawl. It also offers financial products, such as lending, staking, and loans.
KuCoin supports over 500 cryptocurrency assets. It has a total trade volume of over 600 billion, and over 10 million people use KuCoin.
- Spot and futures trading, leveraged options
- Instant crypto buying with 500+ cryptocurrencies
- 10x leverage on spot trading, 100x on futures
- Comprehensive finance products
- High leverage
- Reliable platform with millions of users
- Low trading and withdrawal fees
- Low trading volume
- Limited learning materials
BitMEX is a cryptocurrency exchange and derivatives trading platform founded in 2014 and headquartered in Seychelles. BitMEX is one of the oldest and also most reliable cryptocurrency exchanges in the world. It offers 10x leverage on margin trading and 100x leverage on futures trading.
BitMEX offers many crypto trading and finance products. It supports instant crypto buying, spot trading, margin trading, and futures trading. In addition to all these features, BitMEX offers industry-leading security features, so you can trade with confidence.
BitMEX has also announced its native token — BMEX — in 2022.
- Buy XBT and USDT directly
- Trade spot and futures
- Robust trading platform
- Extensive learning materials
- Top-notch security
- Up to 100x leverage
- Low trading and withdrawal fee
- You can buy XBT and USDT only
- Not ideal for beginners
6. Delta Exchange
Delta Exchange is a crypto derivatives exchange that supports futures and options trading with up to 100x leverage. The exchange supports futures trading, spot trading, MOVE options, Calendar spreads, and interest rate swaps.
Delta Exchange has a daily trading volume of close to $500 million, which isn’t the highest but good enough. The exchange supports over 50 altcoins, and it offers an institutional-grade trading terminal. On top of that, you get 24/7 customer support and enterprise-grade security.
- Institution-grade exchange
- Spot and futures trading
- Enterprise-grade security
- 24/7 customer support
- Spot and futures trading
- 100x leverage
- Robo trading strategies
- Finance products
- Liquidity may not be sufficient
- Fewer cryptocurrencies to choose from
Deribit is a popular crypto derivatives exchange that offers cryptocurrency futures and options with a maximum leverage of 100x on BTC and ETH contracts. With a 24h derivatives trading volume of around $800 million, Deribit is one of the most popular cryptocurrency exchanges for leveraged trading.
Deribit claims to have a 90% OI market share in ETH options and an 80% OI market share in BTC options. Hence, you won’t ever face liquidity issues. Additionally, the exchange possesses best-in-class system architecture with advanced multilevel security and a network of global partners.
Deribit also supports various advanced functionalities, like automated trading, portfolio management, and data analysis.
- Advanced order types
- In-depth trading reports
- Incremental liquidation
- Market maker protection and off-change settlement
- Up to 100x leverage
- Military-grade security
- Robust and feature-rich trading terminal
- No spot trading
- Only ETH and BTC options are available
8. BitSeven [Closed NOW]
BitSeven is a crypto leveraged trading platform that offers up to 100x leverage on trading Bitcoin. The leverage available on other altcoins is less than 100x but still quite high. In addition, BitSeven promises 99.999% service availability and time-proven financial stability. At the time of writing, BitSeven supports three cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
A major advantage of BitSeven is that it doesn’t require you to verify your identity. The exchange is based in China and not regulated by any government authority. Hence, it doesn’t require KYC verification. All you need to do is register your account using your email address, add funds, and start trading with 100x leverage.
However, since BitSeven doesn’t have KYC, it accepts deposits using Bitcoin only.
- Leverage trading with up to 100x leverage
- High leverage on all altcoins
- Security and data compliance with PCI DSS standards
- Available in 99% of countries of the world
- Up to 100x leverage
- No KYC needed
- High trading volume and liquidity
- Supports BTC, ETH, and LTC only
- Not the most secure exchange
- Can you trade crypto with leverage in the US?
Yes, crypto traders in the US can trade cryptocurrencies with leverage. Dozens of cryptocurrency exchanges allow US traders to engage in leveraged trading and multiply their profits. These exchanges offer up to 100x leverage, allowing you to multiply your profits by up to 100 times.
- Is it legal to trade crypto with leverage in the US?
Yes, it is legal to trade crypto with leverage in the USA. Though the regulatory bodies in the US have banned a few cryptocurrency exchanges from operating in the country, leveraged trading is completely legal. Hence, you can do leveraged trading with confidence without worrying about legal issues.
- Is leveraged trading risky?
Yes, leveraged trading carries substantial risk, especially for new traders. Traders should use leverage carefully based on their risk appetite. If used wisely, leverage can be a useful tool to increase your profits.
High leverage and low margin requirements are the key reasons why so many people trade cryptos. However, the US government actively monitors the cryptocurrency industry in their country, and several crypto exchanges have been prohibited from operating.
Therefore, it’s essential to find exchanges that support leveraged trading and operate in the US. All the exchanges discussed above are top-notch, so you can choose one based on your preferences.
Note: Leveraged trading can be risky and result in big losses. Avoid leveraged trading if you are a beginner. Experienced traders should also use low leverage to limit their losses and manage risk properly.
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