42 Best Cryptocurrency Spot & Margin Trading Exchanges in 2020 (Ranked By Readers!)

Margin trading allows traders to borrow either Bitcoin or Dollars at an interest rate to increase the size of their trading account. Although this activity can be highly risky, it is by far the quickest way to make huge returns in trading.

Note that this is a curated list of the best cryptocurrency exchanges in the blockchain industry. That means we will deny all obvious scams, and instead keep listings distributed by letting the readers decide the exchange rankings through voting!

  • Rank

    Logo

    Votes

    Title

    Use the filtered links below to quickly find the top-ranking exchanges on each category.

    Bybit - Find Crypto Exchanges Online.
    No KYC requirements

    Bybit is one of the newest advanced leverage trading exchanges in the market. This exchange has quickly grown to the top with its volume, execution speed, and interface. Bybit has four main perceptual swaps to choose from BTC, ETH, EOS, and XRP. On top of everything, Bybit has one of the most generous welcome trading bonus programs, giving new users up to 90$ to begin trading with.

    Trading Fees -0.025% – 0.075%
    Withdrawal Limits No limits
    Discount Link Claim your free $90 welcome bonus!

    Prime XBT - Find Crypto Exchanges Online.
    No KYC requirements

    PrimeXBT is one of the newest trading platforms at this moment yet it’s by far the most advanced as well. This platform offers pretty much everything you could ask for, from Bitcoin-based accounts to 30+ assets to choose from, including traditional markets as well. The account creation is completely anonymous and with 100x leverage, the possibilities to maximize your gains are quite literally endless.

    Trading Fees 0.001%, 0.01%, or 0.05% depending on market
    Withdrawal Limits No limits

    No KYC requirements

    Phemex is a quite fresh global cryptocurrency derivatives exchange offering Bitcoin, Ethereum, XRP, Litecoin, and EOS perpetual contracts, with up to 100x leverage. Phemex also provides a couple of different monthly plans that have different fee structures, with premium paying customers for example paying zero spot trading fees.

    Trading Fees Contracts: -0.025% – 0.075% / ZeroFees for Spot Trading
    Withdrawal Limits Without KYC: 2 BTC – Unlimited / 24 hours
    Discount Link Claim your free welcome bonus of up to $80!

    No KYC requirements

    EvolveMarkets is still a little known Bitcoin focused broker that gives access to the global markets with institutional-like infrastructure, great liquidity, and most importantly freedom of cryptocurrencies. The platform supports both MT4, and MT5 platforms, and browser-based access with MT5 Webtrader. On top of that the platform doesn’t require KYC, and offers up to 500x leverage.

    Trading Fees 0.0035%, or 0.075% depending on market
    Withdrawal Limits No limits

    Binance - Find Crypto Exchanges Online.
    No KYC requirements

    Binance is a global cryptocurrency exchange originating from China, their headquarters moved to more crypto-friendly island of Malta in the EU. This platform is excellent for both margin and spot trading as it provides more than 100 cryptocurrencies to choose from. And is the biggest altcoin exchange in the world in terms of the trading volume. Binance also operates various of other features including savings, and staking plans, Binance Chain cryptocurrency, Binance Decentralized Exchange, and Binance Bitcoin debit card.

    Trading Fees Spot: 0.1000% – 0.1000% / Futures: 0.0200%/0.0400% + Discounts
    Withdrawal Limits Without KYC: 2 BTC / With KYC: 100 BTC / 24 hours

    Deribit - Find Crypto Exchanges Online.
    No KYC requirements

    Deribit was the first European Bitcoin derivatives trading platform, it is the first and largest Options Exchange. This platform operates from Amsterdam and offers blazing fast transactions, strong volumes, and advanced perpetual swaps for both Bitcoin and Ethereum.

    Trading Fees 0.00% – 0.075%
    Withdrawal Limits Without KYC: 1 BTC / With KYC: Unlimited / 24 hours
    Discount Link Get a 10% discount on fees for life!

    No KYC requirements + US Customer Friendly

    Kraken is a Bitcoin and Cryptocurrency trading platform based in the US. The exchange is one of few in the world offering margin, and futures trading up to 50x for US Customers. The Kraken exchange offers a number of other services as well from institutional account management to OTC desk, and more. And with a decent exchange volume, Kraken is the best option for any customers living in the US looking to trade Bitcoin using margin.

    Trading Fees 0.16% – 0.26% + Discounts
    Withdrawal Limits Without KYC: $5,000 USD / With KYC: $1,000,000 USD / 24 hours

    AXX
    No KYC requirements

    AXX is a crypto trading exchange with spot, futures, and OTC markets. The matching engine for AXX is based on LSEG Technology’s which is the same as first-tier markets, such as the London Stock Exchange.

    Trading Fees 0.060% / 0.100% + Discounts
    Withdrawal Limits Without KYC: 2 BTC / With KYC: 100 BTC / 24 hours
    Discount Link Claim your free welcome bonus of up to $55 in BTC!

    Kucoin
    No KYC requirements + US Customer Friendly

    KuCoin is a great alternative to Binance, offering a wide variety of coins to choose from, they as well have the option fo purchase with a credit card, and all in all are a great exchange to anyone looking to buy, sell or trade lots of different altcoins. On top of all that, Kucoin has no KYC requirements, and with its instant exchange feature, users can swap coins with zero-fees.

    Trading Fees Spot: 0.1% – 0.1% / Futures: 0.02% – 0.06% + Discounts
    Withdrawal Limits Without KYC: 5 BTC / With KYC: 100 BTC / 24 hours

    Bitmex - Find Crypto Exchanges Online.
    KYC is required

    BitMEX is a Bitcoin Mercantile Exchange and derivative trading platform. It is operated and owned by HDR Global Trading Limited, which is registered in Seychelles. Bitmex has overwhelmingly the largest volume from all platforms in the industry, they have never been hacked and they are arguably the best bitcoin exchange for advanced day trading because of the high liquidity they provide.

    Trading Fees Perpetual: -0.025% – 0.075% / Futures: -0.0500% – 0.2500%
    Withdrawal Limits No limits
    Discount Link Get 10% discount on fees for the next 6 months!

    Bitfinex
    No KYC requirements

    Bitfinex is another once one of the world’s top-performing exchange. Bitfinex has been around for years and has faced a lot of questionable accidents on their way, from one of the biggest hacks to tether printing and so on. However, this exchange is still standing offering strong volumes making it still one of the great platforms both for margin and spot trading.

    Trading Fees Spot: 0.100% – 0.200% / Derivatives: -0.0200% – 0.0750% + Discounts
    Withdrawal Limits Without KYC: 2 BTC / With KYC: 100 BTC / 24 hours

    CoinFLEX
    KYC is required

    CoinFLEX is the world’s first physically delivered cryptocurrency futures exchange. This platform offers high performing trading engine, with over 200 API orders/sec per user. Super low, flat fees + one of the most customizable and advanced interfaces making it highly competitive leverage trading exchange.

    Trading Fees Spot: 0.050% – 0.100% / Derivatives: -0.020% – 0.060% + Discounts
    Withdrawal Limits Unlimited
    Discount Link Receive a 10% rebate on trade fees for the next three months!

    No KYC requirements

    Coinex provides a global derivative trading engine and offers a large variety of coins you can trade using margin, the platform also has up to 4 different coins with perceptual swaps, this includes BTC, BCH, ETH, and LTC. Coinex provides an intuitive easy to use platform and non-KYC standard.

    Trading Fees Spot: 0.2% – 0.2% / Contract: -0.03%% – 0.05% + Discounts
    Withdrawal Limits Without KYC: $10,000 USD / With KYC: 1,000,000 USD / 24 hours

    Simplefx
    No KYC requirements

    SimpleFX is a trading platform, providing fast advanced technology, great spreads, and transparent conditions. It is one of the most powerful platforms offering CFD crypto and forex trading tools. This platform is highly competitive when it comes to trading traditional markets using Bitcoin.

    Trading Fees No fees, only spread
    Withdrawal Limits No limits

    KYC is required

    Trade8 is a trading platform focused on cryptos, stocks, and forex trading using Bitcoin. Trade8 platform offers up to 300x leverage, robust API, and zero-fee trading with the total cost being the trading spread.

    Trading Fees No fees, only spread
    Withdrawal Limits No limits

    KYC is required

    CPH Crypto is a new Nasdaq OMX based regulated Scandinavian deep discount broker with cryptocurrency markets. The platform is one of the few in the industry offering zero-fee trading with its subscription service, where traders pay a fixed monthly price of $39.

    Trading Fees 0.04% – 0.04%
    Withdrawal Limits No limits

    No KYC requirements

    Interdax is a first of its kind competitive cryptocurrency trading platform. The exchange offers Bitcoin derivative products with low fees and up to 100x leverage. The platform is one of a kind when it comes to its unique trading battles where users can compete by pooling up funds for big prices.

    Trading Fees Perpetual: 0.00% – 0.05%
    Withdrawal Limits No limits
    Discount Link Get 10% discount on fees for the next 6 months!

    FTX
    No KYC requirements

    FTX is built by traders for trades. This cryptocurrency derivatives trading exchange offers leveraged tokens, OTC markets and much more including the world’s first index futures, such as EXCH which is a future of an index of major exchange tokens. FTX is a powerful platform yet intuitive enough for first-time users.

    Trading Fees 0.02% – 0.07% + Discounts
    Withdrawal Limits Without KYC: $2000 – $9000 USD / With KYC: Unlimited / 24 hours
    Discount Link Get a 5% discount on fees for life!

    Huobi Global
    No KYC requirements

    Huobi is another one of the world’s leading exchanges when it comes to Bitcoin spot and margin trading. This exchange another older, yet still highly performing cryptocurrency platform.

    Trading Fees Spot: 0.20% – 0.20% / 0.02% – 0.04% + Discounts
    Withdrawal Limits Without KYC: 0.1 BTC / With KYC: 200 BTC / 24 hours

    OKEX
    KYC is required

    OKEX is one of the worlds leading cryptocurrency asset exchanges, both for spot and margin trading, it used to hold the first spot in volume for years until Chinese restrictions and when Bitmex still wasn’t around. However, this exchange is stable and has no issues with its reputation whatsoever making it a great choice for anyone looking to trade cryptocurrencies.

    Trading Fees Spot: 0.100% – 0.150% / Futures: 0.020% – 0.050% + Discounts
    Withdrawal Limits 500 BTC / 24 hours

    KYC is required + US Customer Friendly

    BitFlyer is one the largest & leading crypto exchanges by volume in the world, not only it has the largest volume in Japan, and with global volumes reaching over 250 billion in 2017, but it also has licensed operations in Europe, and the US.

    Trading Fees 0.20% + Discounts
    Withdrawal Limits Unlimited

    KYC is required

    BTC China is one of the first original long-standing cryptocurrency exchanges operating since 2011. The exchange offers both spot and margin trading, with up 100x leverage, and has one of the most stable, and secure backgrounds as they’ve never been hacked.

    Trading Fees Opening lot = Free / Closing lot = Futures: 0.06%, Perpetual: 0.14%
    Withdrawal Limits 10,000 USDT / Single withdrawal

    KYC is required

    Liquid is an advanced trading exchange offering Bitcoin CFD:s with up to 100x leverage. The platform also has multiple fiat currency funding and withdrawal methods, and instant swaps between currencies.

    Trading Fees Spot: 0.0% – 0.3% / Perpetuals: 0.0% – 0.12% + Discounts
    Discount Link Get 10% fee discount for life!

    No KYC requirements

    BitForex is one of the large global crypto exchanges providing seamless spot, perpetual, and social trading opportunities. The exchange has over 300 trading pairs, supports over 180+ countries, and with 100x leverage it can offer maximum profit opportunities.

    Trading Fees Spot: 0.1% – 0.1% / Perpetual: 0.04% – 0.06%
    Withdrawal Limits Without KYC: $10,000 USD / With KYC: 100 BTC / 24 hours

    BTSE
    No KYC requirements

    BTSE is a fresh crypto margin exchange based in the British Virgin Islands. The platform has a variety of spot and futures markets with up to 100x leverage. Traders can also settle profits on any fiat assets of their choice and with SWIFT transfers and unlimited withdrawing limits, the platform is quite unique. On top of this BTSE offers to double your first futures deposit of up to $100 giving you $100 for free.

    Trading Fees Spot: 0.10% – 0.20% / Futures -0.01% – 0.0600% + Discounts
    Withdrawal Limits No limits
    Discount Link Claim $100 deposit bonus, and 20% discount on fees!

    BaseFEX
    No KYC requirements

    BaseFEX is a new crypto derivatives exchange that promises to stand for original cryptocurrency values. The exchange does not ask for KYC documents, has up to 100x leverage, and offers both BTC and stable coin settlements in order to let users mitigate risks. All in all, BaseFEX seems a very promising platform going forward.

    Trading Fees 0.0200% – 0.0600% + Discounts
    Withdrawal Limits No limits
    Discount Link Get a 10% discount on trading fees for life!

    No KYC requirements

    DueDEX is a new, unique and fresh derivative trading platform. Whether you are a new or experienced trader, DueDEX team has done a lot of things right for you. They offer seamless and easy-going no KYC experience with 24/7 customer services. On top of this, they also have a generous trading program offering new traders up to 60$ for free to begin trading with.

    Trading Fees -0.025% – 0.075%
    Withdrawal Limits No limits
    Discount Link Claim your free $70 bonus!

    No KYC requirements

    PrimeBit is a cryptocurrency exchange and perpetual swap contracts trading platform with some of the highest margins you can trade. The exchange requires no KYC documents and offers some of the highest margins to trade Bitcoin with up to 200x.

    Trading Fees -0.025% – 0.075%
    Withdrawal Limits No limits
    Discount Link Get 10% trading fee discount for the next 6 months!

    KYC is required

    Covesting is a licensed cryptocurrency-focused copy trading platform and exchange, where users can publish their trading profile and let others follow the exact same trades. On top of this, the platform also develops and builds tools and services for multiple institutions and companies.

    Trading Fees 0.15% – 0.25% + Discounts

    Quedex
    KYC is required

    Quedex is a new regulated crypto futures and options exchange. The platform is licensed by Gibraltar Financial Service Commission, and offers lows fees and up to 10x leverage trading.

    Trading Fees 0.03% – 0.05%

    Delta.Exchange
    No KYC requirements

    Delta.Exchange is a new crypto trading platform that lets users trade multiple cryptocurrencies using leverage. This exchange offers up to 100x leverage and has USD pairs on all major cryptos such as BTC, ETH, and XRP. Delta. Exchange also offers a generous 100% welcome bonus on your first deposit. Up to 0.01 BTC.

    Trading Fees -0.025% – 0.075%
    Withdrawal Limits Without KYC: 2 BTC / With KYC: Unlimited / 24 hours
    Discount Link 10% fee discount for the first 6 months!

    EagleFX
    KYC is required

    EagleFX is a forex and cryptocurrency CFD trading platform. The platform offers good liquidity, generous up to 500x leverage and some of the best spreads in the industry. On top of this, they offer 24/7 live customer service, zero deposit, and withdrawal fees.

    Withdrawal Limits No limits

    Overbit
    KYC is required

    Overbit is a Bitcoin derivative trading exchange providing access for both cryptos and traditional fx markets. This exchange does not only have an easy and flexible interface but also advance charting and leverage up to 500x offering you the top-notch opportunities to maximize your gains and potential.

    Trading Fees 0.075% – 0.075%, or fixed 0.15% spread
    Discount Link Claim a $30 trading bonus, no deposit needed

    BitMax - Find Crypto Exchanges Online.
    No KYC requirements

    BitMax is one of the newest margin trading platforms. This platform offers a variety of different altcoins to choose from which you can trade against USDT and via margin. it has great volume and easy to learn interface, overall this is a good exchange.

    Trading Fees 0.085% – 0.085% + Discounts
    Withdrawal Limits Without KYC: 2 BTC / With KYC: 100 BTC / 24 hours

    Poloniex
    No KYC requirements

    Poloniex was once the top altcoin trading platform but has lost a lot of its shine since then, mainly because of Binance, and KYC requirements. Hoverwer this exchange has been stable for a long time making them still an excellent choice for trading a large variety of different coins.

    Trading Fees Spot: 0.125% – 0.125% / Futures: -0.026% – 0.075% + Discounts
    Withdrawal Limits Without KYC: $50,000 USD / With KYC: $1,000,000 USD / 24 hours
    Discount Link Get 10% discount on fee rebates!

    Blade is a new perpetual trading cryptocurrency exchanges, specially designed for no-fee trading, the platform is funded by some of the known institutions and offers multiple cryptos to trade with, using up to 150x leverage and zero trading fees.

    No KYC requirements

    Bingbon is an advanced cryptocurrency perpetual contract trading platform. That offers multiple coins including BTC, ETH, XRP, LINK, and many more with up to 50x leverage and easy to use interface.

    Trading Fees 0.075% + Discounts
    Withdrawal Limits Without KYC: 1 BTC / With KYC: Unlimited / 24 hours
    Discount Link Get $100 deposit bonus after creating account!

    No KYC requirements

    StormGain is a new all in one cryptocurrency trading, and investing platform. This platform allows the purchase of Bitcoin, and other cryptocurrencies, while also providing access to advanced trading perpetual contracts with 50x leverage.

    Trading Fees Exchange: 0.025% – 0.095% / Trading: -0.010% – 0.010%
    Withdrawal Limits No limits

    KYC is required

    Monfex is a cryptocurrency trading exchange focused on traditional markets. Users on the platform can trade everything from Forex, Stocks, Commodities, to Indices, and with 0% fees, and low spreads.

    Trading Fees 0% commissions, low spreads
    Withdrawal Limits No limits

    KYC is required

    DigiFinex is an advanced cryptocurrency trading exchange that offers a variety of services including spot, Margin, and Derivatives trading.

     

    Trading Fees Spot: 0.025% / Perpetual: 0.05%
    Withdrawal Limits 50BTC / 24 Hours

    KYC is required

    Currency.com is a highly advanced fully regulated professional financial trading platform for a wide variety of markets. The platform has access to everything from tokenized assets, cryptocurrencies, indices, commodities, stocks, and forex pairs. There are also tight market spreads of $0.05 for Bitcoin, up to 500x leverage, competitive commissions, and no hidden fees.

    Trading Fees Spot: 0%-1.5% / Leverage: -0.025% – 0.075%
    Withdrawal Limits No limits
    Discount Link Get 10% discount on trading commissions for the next 3 months!

    No KYC requirements

    Bityard is a worldwide recognized and licensed cryptocurrency trading exchange based in Singapore. The platform offers derivative products for multiple altcoins and traditional trading markets. Note that the platform only allows withdrawals to be made on USDT, but at the same time they don’t force KYC on you.

    Trading Fees 0.05%
    Withdrawal Limits 100,000 USDT / 24 Hours
    Discount Link Get bonuses worth up to 258 USDT!

    Want to submit an exchange listing request? Please, fill out this form or email us at info@bitshills.com