There are many cryptocurrency exchanges that you can use to short Bitcoin and popular altcoins.
But not all of them are safe, reputable exchanges with high liquidity and reasonable fees.
Here you can find the best crypto exchanges that allow shorting, which you can actually use.
If you want to short cryptocurrencies, the best and number one exchange that you should definitely check out and use is Binance.
There are a number of reasons why Binance is the best exchange for shorting cryptocurrencies.
Binance has very high liquidity, low fees, fee discounts, a lot of altcoin futures contracts, an easy-to-use trading interface and is safe.
Also, as the largest crypto exchange in the world, Binance is not just about crypto derivatives trading.
You can use Binance to trade spot markets, deposit and withdraw fiat currencies, engage in P2P trading, earn interest on your crypto and whatnot.
But, depending on your country of residence, you may not be able to trade on Binance Futures as it is restricted in some countries such as Germany and the Netherlands.
In that case, you can try using other crypto derivatives exchanges.
If you have a Binance account, you can enter the code ”10indirim” when opening your Futures account on Binance and get a 10% fee discount on futures trading fees.
If you don’t have a Binance account yet, click the button below or use the referral ID ”WRYOO8BZ” to open your Binance account with a 20% fee discount:
In addition to a 20% fee discount on spot fees, you will also automatically get a 10% fee discount on futures fees.
To learn how to use Binance Futures and open short positions, check out our tutorials below:
As the inventor of perpetual futures contracts for crypto, BitMEX is one of the oldest and best crypto derivatives exchanges.
The exchange has long been used to trade Bitcoin with up to 100x leverage.
Now you can use BitMEX to short Bitcoin and various altcoins, and also trade spot markets.
BitMEX has a maker rebate of 0.01% and a taker fee of 0.075%.
You can click the button below and open your BitMEX account with a 10% fee discount:
BitMEX is not available in some countries such as China, Japan and Russia. You can find the full list and details with regard to restricted jurisdictions/persons on this page.
To learn how to use BitMEX and short cryptocurrencies, and calculate BitMEX fees, you can refer to our BitMEX tutorial and BitMEX fee calculator.
FTX is another popular crypto exchange with very high volume, which you can use to short cryptocurrencies.
The platform has a maker fee of 0.02% and a taker fee of 0.07% for all its markets.
You can click the button below or use the referral ID ”888DG55” to open your FTX account with a 5% fee discount:
To calculate FTX spot and futures fees, you can use our FTX fee calculator.
4- Huobi Global
Huobi is one of the oldest and most popular crypto exchanges in the world.
The exchange has also futures markets in addition to spot and margin markets, which you can use to short cryptocurrencies.
Huobi has a maker fee of 0.02% and a taker fee of 0.05% for its futures markets.
You can click the button below to open your Huobi Global account and claim your up to 3278 USDT welcome bonus:
Residents of several countries such as China, Israel, the UK (retail users only), New Zealand and Spain are not allowed to engage in derivatives trading on Huobi.
The list of all restricted countries can be found on Huobi’s user agreement page.
Bybit is another popular exchange by user count and volume, which you can use to short Bitcoin and many altcoins.
Bybit has a maker fee of 0.01% and a taker fee of 0.06%.
To calculate Bybit spot and futures fees, you can use our Bybit fee calculator.
You can click the button below to open your Bybit account and receive your bonuses by completing various tasks:
Kraken is one of the oldest and most reputable crypto exchanges in the world.
In terms of fiat funding, Kraken is probably the best exchange in the market as you can deposit and withdraw several major currencies such as USD, EUR, GBP and JPY.
Kraken has also futures markets, and has a maker fee of 0.02% and a taker fee of 0.05%.
You can use Kraken Futures to short cryptocurrencies, and it is available in most countries.
To open your Kraken account, click the button below or go to Kraken’s registration page:
To calculate Kraken spot and futures fees, you can use our Kraken fee calculator.
To learn how to deposit money into Kraken and trade on the platform, check out our Kraken tutorial.
KuCoin is one of the most popular crypto exchanges which also allows people to engage in derivatives trading.
You can use KuCoin to short Bitcoin and other cryptocurrencies.
The platform has a maker fee of 0.02% and a taker fee of 0.06%.
You can open your KuCoin account and start trading cryptocurrencies by clicking the button below:
Poloniex is another popular crypto exchange which you can use but has much lower volume than the alternatives mentioned in this list.
The exchange has a maker fee of 0.01% and a a taker fee of 0.075%.
If you want to try the platform, you can use the code ”7LD7U8UZ” or click the button below to create your Poloniex account with a 10% fee discount:
If you have any questions or thoughts about crypto exchanges that allow shorting, make sure to leave a comment below.