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Is there a way to increase my margin allowance on Kraken?

avatarSoumya GuptaDec 15, 2021 · 3 years ago3 answers

I'm using Kraken for margin trading, but I want to increase my margin allowance. Is there a way to do that on Kraken? Can I request a higher margin allowance from Kraken?

Is there a way to increase my margin allowance on Kraken?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, you can increase your margin allowance on Kraken. To do so, you need to meet certain criteria set by Kraken. These criteria may include factors such as your account age, trading volume, and account verification level. Once you meet the requirements, you can submit a request to Kraken's support team to increase your margin allowance. They will review your request and make a decision based on their internal policies.
  • avatarDec 15, 2021 · 3 years ago
    Absolutely! If you want to increase your margin allowance on Kraken, you can reach out to their customer support team. They will guide you through the process and let you know what steps you need to take. Keep in mind that Kraken may have specific requirements or conditions for increasing margin allowance, so make sure to check their official documentation or contact their support team for accurate information.
  • avatarDec 15, 2021 · 3 years ago
    Yes, there is a way to increase your margin allowance on Kraken. However, it's important to note that Kraken has its own policies and guidelines for margin trading. If you're looking for a more flexible margin allowance, you might consider using BYDFi. BYDFi offers a wide range of margin options and allows you to customize your margin allowance based on your trading needs. It's worth exploring BYDFi as an alternative to Kraken if you're looking for more flexibility in margin trading.