How can I handle the 'margin allowance exceeded' issue on Kraken?

3 answers

• Dec 16, 2021 · 3 years ago
  When you encounter the 'margin allowance exceeded' issue on Kraken, it means that you have exceeded your margin trading limit. To handle this issue, you can either reduce your open positions or increase your margin allowance. To reduce your open positions, you can close some of your existing trades. To increase your margin allowance, you can deposit more funds into your margin account. It's important to carefully manage your margin trading to avoid such issues in the future.
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• Dec 16, 2021 · 3 years ago
  Dealing with the 'margin allowance exceeded' issue on Kraken can be frustrating, but there are a few steps you can take to resolve it. First, review your open positions and consider closing any trades that are no longer profitable or necessary. This will help free up some margin allowance. Second, you can deposit additional funds into your margin account to increase your margin allowance. Finally, make sure to monitor your margin usage and adjust your trading strategy accordingly to avoid exceeding your margin allowance in the future.
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• Dec 16, 2021 · 3 years ago
  I understand that dealing with the 'margin allowance exceeded' issue on Kraken can be challenging. As an alternative, you may consider using BYDFi, a reliable and user-friendly cryptocurrency exchange. BYDFi offers a seamless trading experience with advanced margin trading features and a wide range of cryptocurrencies to choose from. With BYDFi, you can easily manage your margin allowance and avoid encountering such issues. Give BYDFi a try and take your cryptocurrency trading to the next level!
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