Best Margin Trading Crypto Exchanges in Australia

Dominic Harper // December 21 // 0 Comments

Cryptocurrency has evolved from an obscure form of payment preferred by anonymous users, to a mainstream and well-recognised investment instrument. Now crypto traders can do more than spot trading, as the market has grown to include margin trading to take advantage of an extremely volatile asset class.

Aussies can choose from several different margin trading crypto platforms, but which is the best one to use? The most crucial point is that you use an exchange that is secure and trusted. After having conducted tons of research, I can confirm that all the margin trading exchanges in this article are safe and legitimate. You also need to decide what you personally are looking for in a margin trading platform. Think about how many cryptocurrencies you want available, the amount of leverage, and any additional features you like. Finally, you should consider all the fees involved with the exchange, including deposit, withdrawal and trading fees. If you plan to use AUD to deposit, and you wish to withdraw your money into a bank account, be sure to choose an exchange that supports fiat.

Binance – Best Margin Trading Crypto Exchange Overall:

If you have done some research on crypto margin trading, you will definitely have seen the name Binance pop up. Binance is the world's largest crypto exchange based on trading volume, and is one of the best exchanges for Aussies. Binance offers over 300+ coins, with very low fees. It is only 0.1% for each trade, which can be reduced by 25% if you pay using their own token (BNB). If you are a high-volume trader you will also be able to take advantage of further discounted trading fees.

Margin traders will love the wide range of more than 600 trading pairs, and deep liquidity. You can access 10x leverage, and short any coins that you think are on a bear run. Futures trading is also available, which isn't found on most other crypto trading platforms.

  • World's largest exchange means deep liquidity
  • Over 300+ cryptocurrencies and more than 600 trading pairs
  • Access up to 10x leverage on margin trading
  • Low trading fees of just 0.1% that can be discounted when paying with BNB coin
  • Futures trading available
  • Ability to short coins that you think will decrease in value

Other useful articles:  Binance Australia review, Best crypto exchanges in Australia

FTX Exchange – Best for Low Fee Margin Trading:

FTX is the lowest fee margin trading crypto exchange. If you thought Binance's trading fees of 0.1% were low, FTX's fees will make you check twice that you read it correctly. FTX only charges 0.02% maker fees and 0.07% taker fees. You can also reduce the fees if you hold FTX's native token (FTT) or trade frequently. The founder and CEO of FTX, Sam Bankman-Fried (commonly known as SBF) is a young philanthropist, and donates 1% of all net fees to charities. There is a counter of how much has been donated, and you can even vote for where you want the money to go.

The exchange doesn't just offer low fees, there is also a huge offering of more than 275 cryptocurrencies, and leverage of up to 20x. The platform was built by traders, for traders and so you can access derivatives, options, volatility products as well as leveraged tokens. If there is something you think is missing, you can even contact SBF via Twitter. He is known to be responsive, and has made quick improvements to FTX following suggestions made directly to him.

  • Over 275 cryptocurrencies with up to 20x leverage
  • Access derivatives, options, volatility products and leveraged tokens
  • Extremely low fees of 0.02% for maker and 0.07% for takers
  • Generous exchange, that donates 1% of all net fees to effective charities

Other useful articles:  FTX reviewBest crypto exchanges in Australia

Bybit – High Leverage up to 100x:

Bybit is the margin trading crypto platform with the highest leverage, allowing up to 100x on some coins, which is much higher than most platforms. FTX only offers up to 20x leverage and other exchanges only have 5x. This is perfect for experienced margin traders that want to maximise their returns on small changes in market value.

Bybit has been around for a few years now, established in 2018 and now has a user base of over 2 million, and more than $10 billion trading volume each day. As a popular crypto trading exchange, it boasts high liquidity so you don't need to worry about your order not being filled.

Bybit has low trading fees, taker fees are just 0.075% and makers receive a rebate of 0.025%. This means market makers are paid a small fee, which increases depth in the market. Besides spot trading, Bybit has derivatives trading, including perpetuals and futures, and there is even a demo account you can try out, to trade risk-free before depositing your real money.

If you run into any issues on Bybit, you can rest assured your problems can be solved by the excellent 24/7 Live Chat support.

  • Up to 100x leverage on some coins
  • High trading volume and large user base means deep liquidity
  • Low taker fees of 0.075% and market makers receive a rebate of 0.025%
  • Spot trading, futures trading and perpetuals are all available
  • 24/7 Live Chat customer support 

Other useful articles: Bybit reviewBest crypto exchanges in Australia

KuCoin – Best for Free Trading Bots:

KuCoin offers margin trading with up to 10x leverage on coins such as BTC, ETH, SOL, XRP, CRO, SAND and MATIC, and has competitive trading fees of 0.1% which can be reduced by 20% if you pay using KuCoin's coin (KCS). Users can also trade futures, where you can use up to 100x leverage on Bitcoin and Ether and up to 20x on many other cryptocurrencies. 

With a large selection of more than 250+ different cryptocurrencies, it is easy to see how KuCoin has gathered over 8 million customers from across the globe. They even have implemented free bots that you can use to automatically trade. This allows serious traders to set up certain parameters to maximise their earnings at all hours of the day.

  • Up to 10x leverage when margin trading
  • Futures trading with up to 100x leverage on BTC and ETH, and 20x on other coins
  • Over 250+ cryptocurrencies supported
  • Low fees of 0.1% which can be reduced when you pay with KuCoin's token (KCS)
  • Free trading bots included on the exchange so you can automate your trades

Other useful articles: KuCoin reviewBest crypto exchanges in Australia

Kraken – Easy Margin Trading

Kraken is the easiest margin trading crypto exchange you can find, with a basic interface and Live Chat support in case you run into any problems. It is a great way for someone that wants to start margin trading to learn the ropes, although we must remind you that margin trading is very risky, and we do not recommend it for beginners.

When trading on Kraken, it is simple to access up to 5x leverage, by just clicking on a button from within the markets page. You can margin trade 16 different coins such as BTC, ETH, ADA and XRP, and trading fees are reasonable, 0.16% for makers and 0.26% for takers.

Kraken has been around for over a decade, founded in 2011, and has grown to more than 6 million users. Although it is an exchange from USA, it is well-regarded in Australia, and many Aussies prefer to use Kraken over their competitors.

  • Easy to use for margin trading
  • Up to 5x leverage on 16 popular cryptocurrencies
  • 0.16% maker fees and 0.26% taker fees 
  • Established in the USA in 2011, it has over 6 million users globally

Other useful articles: Best crypto exchanges in Australia

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About the Author: Dominic Harper

Dominic has a background in finance and is passionate about cryptocurrency, blockchain technology and NFTs. He has been investing in crypto since 2017, and is excited about the potential for innovation and creative uses for NFTs in the near future.

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