-
Bitcoin
$81,909.8680
-3.50% -
Ethereum
$2,191.8374
-6.73% -
Tether USDt
$0.9990
0.04% -
XRP
$2.0851
-5.11% -
BNB
$589.7739
-3.86% -
Solana
$131.0825
-4.65% -
USDC
$0.9999
0.00% -
Dogecoin
$0.1976
-3.25% -
Cardano
$0.6164
-5.57% -
TRON
$0.2228
-1.96% -
Litecoin
$122.8044
-1.57% -
Chainlink
$14.3503
-6.41% -
Avalanche
$21.1969
-4.43% -
UNUS SED LEO
$9.2270
1.45% -
Toncoin
$3.3307
-4.89% -
Stellar
$0.2702
-5.78% -
Sui
$2.6676
-7.66% -
Shiba Inu
$0.0...01385
-4.01% -
Hedera
$0.1942
-2.02% -
Polkadot
$4.7130
-2.90% -
MANTRA
$7.2862
-0.24% -
Hyperliquid
$19.2813
-5.21% -
Ethena USDe
$0.9993
0.04% -
Bitcoin Cash
$286.8821
-2.56% -
Dai
$1.0001
0.02% -
Bitget Token
$4.0198
0.51% -
Uniswap
$7.5432
-6.27% -
Monero
$210.1621
-2.60% -
NEAR Protocol
$2.9395
-4.70% -
Aptos
$5.8466
-4.71%
How to open leverage in Kraken mobile version
Margin trading on Kraken's mobile app allows traders to borrow funds to amplify both potential profits and losses, but it's crucial to understand the risks and manage exposure effectively.
Nov 09, 2024 at 09:13 am

How to Open Leverage in Kraken Mobile Version
Leveraged trading amplifies both potential profits and losses by allowing traders to borrow funds from the exchange to increase their trading positions. The borrowed funds, known as margin, act as additional capital, enabling traders to trade with a larger sum than their initial deposit. While leverage can enhance returns, it also magnifies risks, so it's crucial to understand the implications before engaging in margin trading.
Step 1: Enable Margin Trading
- Open the Kraken mobile application and log into your account.
- Tap the "More" tab located at the bottom right corner of the screen.
- Select "Funding" from the menu options.
- Click on "Enable Margin Trading" and follow the on-screen prompts.
This process involves agreeing to Kraken's margin trading terms and confirming your understanding of the risks involved. Once enabled, you can access the leverage options when placing trades.
Step 2: Select Your Trading Pair
- Navigate to the "Trade" tab and choose the trading pair you want to trade with leverage.
- The available cryptocurrencies for margin trading will be displayed on the left side of the screen.
Step 3: Configure Leverage
- Once you have selected the trading pair, tap on the "Margin" toggle switch located at the top of the trading interface.
- A leverage slider will appear, allowing you to adjust the leverage amount.
- The maximum leverage available for each trading pair varies depending on market conditions and the exchange's risk management policies.
Step 4: Enter Order Details
- After configuring the leverage, enter the order size, price, and type as usual.
- The order summary will display the total position value, including the borrowed funds from the exchange.
Step 5: Place the Order
- Review the order details carefully and ensure you are satisfied with the leverage amount and other order parameters.
- Tap the "Buy" or "Sell" button to place the margin order.
Step 6: Monitor Your Position
- Once the order is executed, you can monitor your margin position under the "Positions" tab.
- This tab provides real-time updates on your position, including the current value, profit/loss, and margin utilization.
Step 7: Manage Your Risk
- Margin trading carries inherent risks, and it's essential to manage your risk exposure effectively.
- Set stop-loss orders to limit potential losses in case of adverse market movements.
- Monitor your margin utilization and ensure you do not exceed the designated limits.
- Consider holding a margin buffer in your account to cover potential market fluctuations.
Step 8: Close Your Position
- To close a margin position, simply place an opposite order of the original position.
- For example, if you had opened a long position, you would close it by placing a short position of the same size.
Additional Considerations
- Margin trading is not suitable for all traders, particularly those new to the cryptocurrency market.
- It's recommended to gain experience with spot trading before venturing into leveraged trading.
- Margin trading fees apply, so ensure you factor them into your trading strategy.
- The cryptocurrency market can be highly volatile, so be prepared for substantial price fluctuations.
- Always trade with a clear exit strategy and risk management plan in place.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Bitcoin Price Likely to Hit $81k Says Analyst While This Altcoin Rises 234x in Days
- 2025-02-28 09:15:33
- Ripple's altcoin XRP falls 0.95% on February 27th, with weekly and monthly timeframes revealing a not-so-optimistic outlook.
- 2025-02-28 09:15:33
- Ripple Releases Its 2025 Strategic Development Plans, Focusing on Enhanced Institutional DeFi and Lending
- 2025-02-28 09:15:33
- Web3Bay Presale Soars Past $1.54M as Bitcoin Drops to $95,000
- 2025-02-28 09:10:33
- Seeking high-growth cryptos in this market chaos? Bitcoin, XRP, and other cryptocurrencies tried to recover early Thursday
- 2025-02-28 09:10:33
- Bitcoin (BTC) Exchange-Traded Funds (ETFs) Offering Staking Capabilities Could Significantly Boost Institutional Engagement
- 2025-02-28 09:10:33
Related knowledge

What are the risk control methods in Bitcoin contract trading?
Feb 28,2025 at 06:07am
What are the Risk Control Methods in Bitcoin Contract Trading?Key Points:Understanding Leverage and Position Sizing: Proper leverage utilization and precise position sizing are fundamental to risk management in Bitcoin contract trading. This involves understanding your risk tolerance and capital allocation strategies.Stop-Loss Orders: Your First Line of...

How to choose leverage in Bitcoin contract trading?
Feb 28,2025 at 01:06am
How to Choose Leverage in Bitcoin Contract Trading?Key Points:Understanding Leverage and its Risks: Leverage amplifies both profits and losses. A higher leverage multiplies gains but equally magnifies potential losses, potentially leading to liquidation. This section will delve into the mechanics of leverage and its impact on your trading capital.Assess...

What does liquidity mean in Bitcoin contract trading?
Feb 27,2025 at 08:19pm
What Does Liquidity Mean in Bitcoin Contract Trading?Key Points:Liquidity's Core Meaning: Liquidity in Bitcoin contract trading refers to the ease with which a trader can buy or sell a Bitcoin contract without significantly impacting its price. High liquidity means orders are filled quickly at the current market price, while low liquidity implies diffic...

How to set up stop-profit and stop-loss for Bitcoin contracts?
Feb 28,2025 at 02:49am
How to Set Up Stop-Profit and Stop-Loss for Bitcoin Contracts?Key Points:Understanding Leverage and Risk: Bitcoin contracts utilize leverage, magnifying both profits and losses. Stop-loss and stop-profit orders are crucial for risk management in this high-volatility market. Incorrectly setting these orders can lead to significant financial losses. Under...

Is Bitcoin contract suitable for beginners?
Feb 28,2025 at 04:25am
Is Bitcoin Contract Suitable for Beginners?Key Points:Understanding Bitcoin Contracts: Bitcoin contracts, primarily referring to Bitcoin futures and options, are complex financial instruments that involve significant risk. Beginners lack the necessary experience to accurately assess and manage this risk.Leverage and Risk: The high leverage offered by Bi...

What is the forced liquidation mechanism of Bitcoin contracts?
Feb 28,2025 at 03:43am
What is the Forced Liquidation Mechanism of Bitcoin Contracts?Key Points:Understanding the concept of margin trading and leverage in the context of Bitcoin contracts.Detailing how liquidation prices are calculated based on position size, leverage, and the current market price.Exploring the different types of liquidation mechanisms employed by various cr...

What are the risk control methods in Bitcoin contract trading?
Feb 28,2025 at 06:07am
What are the Risk Control Methods in Bitcoin Contract Trading?Key Points:Understanding Leverage and Position Sizing: Proper leverage utilization and precise position sizing are fundamental to risk management in Bitcoin contract trading. This involves understanding your risk tolerance and capital allocation strategies.Stop-Loss Orders: Your First Line of...

How to choose leverage in Bitcoin contract trading?
Feb 28,2025 at 01:06am
How to Choose Leverage in Bitcoin Contract Trading?Key Points:Understanding Leverage and its Risks: Leverage amplifies both profits and losses. A higher leverage multiplies gains but equally magnifies potential losses, potentially leading to liquidation. This section will delve into the mechanics of leverage and its impact on your trading capital.Assess...

What does liquidity mean in Bitcoin contract trading?
Feb 27,2025 at 08:19pm
What Does Liquidity Mean in Bitcoin Contract Trading?Key Points:Liquidity's Core Meaning: Liquidity in Bitcoin contract trading refers to the ease with which a trader can buy or sell a Bitcoin contract without significantly impacting its price. High liquidity means orders are filled quickly at the current market price, while low liquidity implies diffic...

How to set up stop-profit and stop-loss for Bitcoin contracts?
Feb 28,2025 at 02:49am
How to Set Up Stop-Profit and Stop-Loss for Bitcoin Contracts?Key Points:Understanding Leverage and Risk: Bitcoin contracts utilize leverage, magnifying both profits and losses. Stop-loss and stop-profit orders are crucial for risk management in this high-volatility market. Incorrectly setting these orders can lead to significant financial losses. Under...

Is Bitcoin contract suitable for beginners?
Feb 28,2025 at 04:25am
Is Bitcoin Contract Suitable for Beginners?Key Points:Understanding Bitcoin Contracts: Bitcoin contracts, primarily referring to Bitcoin futures and options, are complex financial instruments that involve significant risk. Beginners lack the necessary experience to accurately assess and manage this risk.Leverage and Risk: The high leverage offered by Bi...

What is the forced liquidation mechanism of Bitcoin contracts?
Feb 28,2025 at 03:43am
What is the Forced Liquidation Mechanism of Bitcoin Contracts?Key Points:Understanding the concept of margin trading and leverage in the context of Bitcoin contracts.Detailing how liquidation prices are calculated based on position size, leverage, and the current market price.Exploring the different types of liquidation mechanisms employed by various cr...
See all articles
