Top 10 Crypto Margin Trading Platforms In Australia

Binance is Australia’s top cryptocurrency exchange, offering more than 600 cryptocurrencies for trading. Additionally, it has 24 hours trading volume ($58 B). It offers impeccable margin trading utilities making it the best among many others in the market.

The competitive trading fees of 0.02% and 0.04% for makers and takers, respectively, are one factor in this platform’s popularity. Additionally, if you hold BNB, you can receive a 10% fee reduction on trading. The native cryptocurrency of Binance is employed in a variety of ways.

Another factor that makes Binance Australia the preferred platform for traders is the trading pairs it provides. With up to 10x margin trading leverage available on Binance, you can short positions on Bitcoin and other pairs to make money if the token’s value declines.

Bybit is a fantastic platform for trading cryptocurrencies because it provides a seamless user experience. It offers margin trading on four significant cryptocurrencies, including Ripple, EOS, and Ethereum. Additionally, it allows for leverage on margin trading of up to 100 times. Aussie traders can also access all of these features on their mobile devices from anywhere in Australia. They have desktop and mobile apps for all of their services. It has every charting feature you could possibly need to help you choose investments more wisely.

Since it was established in 2018, Bybit is a relatively new trading platform. In no time, it rose to popularity due to its awesome features and unparalleled services. There are currently more than 2 million users on the platform in Australia alone. It has a $10 billion trading volume in 24 hours. The platform is renowned for handling 100,000 trades per second and having a 99.99% uptime. It will enable you to borrow more money for small investments and maximize your profits even if price fluctuations are minimal. Prices at Bybit are incredibly competitive, with the taker fee being just 0.01% and the maker fee being 0.06%.

Bybit is a fantastic platform for trading cryptocurrencies because it provides a seamless user experience. It offers margin trading on four significant cryptocurrencies, including Ripple, EOS, and Ethereum. Additionally, it allows for leverage on margin trading of up to 100 times. Aussie traders can also access all of these features on their mobile devices from anywhere in Australia. They have desktop and mobile apps for all of their services. It has every charting feature you could possibly need to help you choose investments more wisely.

Since it was established in 2018, Bybit is a relatively new trading platform. In no time, it rose to popularity due to its awesome features and unparalleled services. There are currently more than 2 million users on the platform in Australia alone. It has a $10 billion trading volume in 24 hours. The platform is renowned for handling 100,000 trades per second and having a 99.99% uptime. It will enable you to borrow more money for small investments and maximize your profits even if price fluctuations are minimal. Prices at Bybit are incredibly competitive, with the taker fee being just 0.01% and the maker fee being 0.06%.

Kraken is one of the oldest trading platforms in Australia. It was launched in 2011. The trading platform is among the go-to trading platforms, enjoying the perk of being the oldest and most trusted platform in Australia. The platform has earned the trust of the traders, which helps to combat other platforms that offer low trading fees. 

Kraken offers a separate process for margin trading, making it the most unique trading platform. It is even feasible for novices to try their hand at margin trading. However, all this doesn’t mean they compromise any of the standard features. 

Since it only increases by 0.02% every four hours, even the most active day traders can use it. The Kraken futures platform is another option, with makers and takers paying fees starting at 0.02% and 0.05%, respectively.

Among other trading platforms, OKX has gained traction over the years for its margin trading features. In Australia, it supports over 360 cryptocurrencies. The trading platform is ideally made for day traders and more focused on avid traders making it hard for beginners to understand. The tools and other features are quite handy for seasoned traders. 

Among others, margin trading is one of the best features offered by OKX. This facility, which enables you to short-sell bitcoin and other assets, is available for its spot and derivatives products. There are two different types of margin options: fixed margin and crossed margin. It provides 200+ trading pairs and up to 10x margin for spot exchange.

In terms of fees, OKX is only marginally more expensive. Makers and takers pay fees of 0.02% and 0.05%, respectively. 

Huobi Global is currently among those platforms that offer the highest leverage to all margin trades. It supports over 348 cryptocurrencies and 160+ pairs for margin trading. It falls under the top ten categories of crypto trading platforms in Australia. 

It allows you to access multiple markets with a single account. It offers 125x leverage on margin trades. In the past, but now less so, that leverage could reach 200x. Huobi has fees that are competitive with Binance Futures at 0.02% maker and 0.04% taker, making it one of the least expensive options to use.

Biftnex is among the oldest platforms on the list. It was established in 2012. It has a highly developed and sophisticated margin trading system for Australian traders. It offers 3.3x leverage on the trades, which can reach up to 10x depending on the market situation. 

Additionally, Bitftinex also aids in P2P spot margin. In P2P margin, traders can borrow funds at interest instead of paying them entirely and suffering a substantial loss. These borrow-lending contracts are located in a separate area of the platform, where lenders compete for the best offers. By lending your assets to other traders, you can still use them to generate passive income even if you don’t personally engage in margin trading. 

Etoro supports more than 126 cryptocurrencies and and 10 fiat currencies in Australia. The exchange was established before the inception of Bitcoin. Therefore, it enjoys the goodwill of trust of Australian traders. 

When you purchase a contract with a value proportional to the value of the underlying asset, they give you the option of positioning both short and long orders. The opportunity to trade long and short positions with a cryptocurrency you may not actually own is a rare one, as seasoned cryptocurrency traders are aware.

BitMEX is among the best P2P platforms. It has a great margin trader following despite the high volatility of the market. It was founded in 2014 by HDR Global Group. It has several exchanges across the globe. 

BitMEX offers complex order types like market, stop limit, and trailing. The interface is incredibly illustrative, the fees are reasonable and competitive, and a testnet is also available. With the help of this virtual tool, users can evaluate the platform without risking any real money and get a sense of what to expect.

Australia is steadily moving toward becoming the top crypto-trading nation. Presently, traders in Australia are experimenting with various ways to gain higher profits. Crypto margin trading seems to be a risky yet workable method. As mentioned earlier, in Australia, there are platforms offering 100x leverage and more margin trading. In addition to leverage, fees, and other features are also competitive factors for platforms that undergo continuous revision.  

An important consideration when using any margin trading platform is to prevent slippage. The list discussed above includes all the crucial factors affecting margin trading in Australia. Margin trading does come with a number of risks, despite the fact that it enables you to make large investments with small initial outlays. Bearish market conditions can quickly deteriorate the situation, resulting in significant losses for you. Therefore, before investing, you must be 100 percent convinced that cryptocurrency is a good idea. Additionally, before making an investment, remember to take your risk tolerance into account.

Q. Is crypto margin trading allowed in Australia?
A. Yes, Australia permits cryptocurrency margin trading. All cryptocurrencies are, however, subject to taxation, which cannot be avoided.

Q. Which exchange is best for margin trading?
A. As per our list, Binance provides the highest leverage with minimum fees and the best features for margin traders in Australia.

Q. Which crypto exchange has the highest leverage?
A. Among other trading platforms, Huobi Global offers 125x leverage on margin trading. However, Bitcoin, Bybit, Kucoin, and Kraken offer 100x leverage.