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 futures 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.
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How & Where To Margin Trade Crypto In The US?
1. Kraken
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.
Key Features:
- 100+ supported cryptocurrency assets
- Margin trading
- Indices and futures
- OTC desk and account management
To learn more about the exchange, check this detailed Kraken review.
Pros:
- Low trading fees
- Top-notch trading platform
- Various trading pairs to choose from
Cons:
- High instant buying fees
- High withdrawal fees and minimums
2. Phemex
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.
Key Features:
- Futures trading
- Instant buy and spot trading
- 30+ liquidity providers
- 40+ supported cryptocurrencies
To help you know more, here is a comprehensive Phemex review.
Pros:
- 100x leverage trading
- Powerful trading platform
- High liquidity
Cons:
- Limited cryptocurrencies available
- Slow customer support response times
3. KuCoin
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. You can know more about the exchange by checking this KuCoin review.
Features:
- Spot and futures trading, leveraged options
- Instant crypto buying with 500+ cryptocurrencies
- 10x leverage on spot trading, 100x on futures
- Comprehensive finance products
Pros:
- High leverage
- Reliable platform with millions of users
- Low trading and withdrawal fees
Cons:
- Low trading volume
- Limited learning materials
4. BitMEX
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. You can learn more about it through this detailed BitMEX review.
Key Features:
- Buy XBT and USDT directly
- Trade spot and futures
- Robust trading platform
- Extensive learning materials
Pros:
- Top-notch security
- Up to 100x leverage
- Low trading and withdrawal fee
Cons:
- You can buy XBT and USDT only
- Not ideal for beginners
5. Delta Exchange
Delta Exchange is a crypto derivatives trading platform 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.
Key Features:
- Institution-grade exchange
- Spot and futures trading
- Enterprise-grade security
- 24/7 customer support
Pros:
- Spot and futures trading
- 100x leverage
- Robo trading strategies
- Finance products
Cons:
- Liquidity may not be sufficient
- Fewer cryptocurrencies to choose from
6. Deribit
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. Furthermore, here is also a detailed Deribit review to help you know more about it.
Key Features:
- Advanced order types
- In-depth trading reports
- Incremental liquidation
- Market maker protection and off-change settlement
Pros:
- Up to 100x leverage
- Military-grade security
- Robust and feature-rich trading terminal
Cons:
- No spot trading
- Only ETH and BTC options are available
7. 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 is a no KYC crypto exchange. So 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.
Key Features:
- 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
Pros:
- Up to 100x leverage
- No KYC needed
- High trading volume and liquidity
Cons:
- 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.
Conclusion
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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