Exchanges with Leverages, by default will give users a low leverage. Only users can increase a default leverage settings from Low to High.
No. Like on Bybit, it is set to 10x by default. It differ from exchange to exchange.
Now if you customize it to a Low leverage, you can customize it to High leverages if you want. Think that if your asked feature only allows users to set it for 1 year but can not return to change it before 1 year, it will be very inconvenient.
If they allow users to change the setting before 1 year, it does not help anything like without that feature.
What you do not like might be liked by another person. That is what I like and I do not see anything inconvenient about it.
I don't think any exchanges offer that yet,
But i have heard that there's demand for that, as many people see high leverage trading similar to gambling and because casinos already have legal obligation to offer self exclusion option. (At least for some regions). So it would make sense that high leverage crypto exchanges follows that at some point. I see it as a matter of time as it's similarly addicting as gambling and you can also lose everything in a blink of an eye by getting liquidated. With spot trading or with low leverage that's harder to do.
Thanks. This is what it is. Some people will prefer low leverage and they may want to exclude themselves from higher leverage and wish not to see the higher leverage at all. I will like to see such feature on exchanges.
I believe binance has this this feature but not exactly the way you want it. In binance you've got to trade first for a month doing Spot Trading before they allow you to use the futures and and leverage your trading. Also, they will give you some documentation, read it and you've got to passed first some assessment on how to use futures and leverage.
It's beginner friendly because they incorporate patience and education first before the exchange allow any trader to proceed to a higher level of leverage.
This is not what I want. Also Binance do not have what you said unless the exchange later changed how they were before. All I noticed on Binance after I registered 3 years ago was that I was asked questions that I need to answer correctly before I was able to have access to futures trading.
Haha, why to make things difficult what will be the use of that feature, just adjust your leverage to 5x if you want to avoid high leverage, I'm not sure any of the platforms provide such a silly feature.
You post is silly. If you do not have answer, then do not post. I guess you are even not a trader.
@ Cryptomultiplier and dimonstration. Thanks for your replies also.
I just hope exchanges can have this feature because I think it would be helpful for traders. But those exchanges may not like it because it might not let them gain as they should. More leverage more money for the exchanges to make in profit.
