Looking for an exchnage that allows Leverage.

bias

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Quote from: Saint-loup on November 30, 2024, 05:59:13 PM

Are you living in UK or in continental Europe (EU) because I'm living in Europe and I still get access to leverage/margin markets on Kraken up to now. On both Pro and classic version. If you are looking for small leverage, almost all exchanges are offering such kind of orders

I can confirm this from my side as well. I'm in the European zone and all its services and features work perfectly. Also, last year they changed their EUR fiat options due to the license they obtained from the Central Bank of Ireland. So probably there is something else going on with your account there or you are not telling us the real reason you don't want to trade on Kraken. Undecided

Saint-loup

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Are you living in UK or in continental Europe (EU) because I'm living in Europe and I still get access to leverage/margin markets on Kraken up to now. On both Pro and classic version. If you are looking for small leverage, almost all exchanges are offering such kind of orders, I don't want to name exchanges because there are always people who have bad experiences with one or another. But Bitfinex for example could be a rather good choice if you don't need to cash out in fiat money.

logfiles

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🌀 Cosmic Casino

Quote from: Bournesparks on November 29, 2024, 12:53:07 AM

What's your location. If you're in the US, it'll be difficult to get options. But You can consider B i t g e t .Their fees are low, good options and they're among top4 derivative exchange currently
https://ibb.co/1977kjc][img]https://i.ibb.co/7GjjqLh/20241129-064927.jpg

Can you please stop your stupid post??

OP clearly states that he is within the EU/UK area, but then you couldn't help but then go ahead and shill your stupid exchange just because you are want to earn some tokens through their discord serve.

Just fuck off. You don't belong here. You are a plague to forum discussions!

thevoyager23

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Quote from: Darker45 on November 22, 2024, 10:46:21 PM

Quote from: Potato Chips on November 22, 2024, 05:07:27 PM

I wanna double check something. OP, are you from UK or just somewhere else in the EU? because AFAIK, there is still a difference in products made available -- as far as exchanges who complies with regulatory bodies are concerned.

Last I checked, FCA was trying to block leverage trading for retail folks in the UK as much as possible. Kraken likely had to comply to their policies as well.

In 2020, FCA bans the sale of crypto-derivatives to retail consumers. They're limited to spot trading. No leverage is available. Only professional investors and traders are allowed to trade options, futures, and others. Professional here doesn't refer to individuals. They refer to firms and institutions.

In 2024, this year, FCA has made updates, but only as regards crypto-backed Exchange Traded Notes. The rest of the rules stay including the ban of derivatives among retail consumers.

However, if OP is from UK, there are available options but only from exchanges that aren't regulated by the FCA. That poses a different kind of risk, though.

P.S. Links are from FCA's official site.

Yes I am from the UK..

The irony is the UK gov make it hard for you to trade / invest in crypto, but then expect you to pay tax on any crypto you have.... screw those con-artist! Their time is up!

Bournesparks

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Quote from: thevoyager23 on November 22, 2024, 03:23:40 PM

I don't want 100x haha
5x will do.
I just don't want to be paying suxh high fees to trade... To depsoit $1000 cost me $12 and then to withdraw that same amount another $12,.... $25... nah!

For UK and EU you've got options though some exchange aren't functional due to regulations like you stated. But You can consider Bitget .Their fees are low, good options and they're among top4 derivative exchange currently

Oshosondy

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Gamble responsibly

Quote from: Darker45 on November 22, 2024, 10:46:21 PM

Quote from: Potato Chips on November 22, 2024, 05:07:27 PM

I wanna double check something. OP, are you from UK or just somewhere else in the EU? because AFAIK, there is still a difference in products made available -- as far as exchanges who complies with regulatory bodies are concerned.

Last I checked, FCA was trying to block leverage trading for retail folks in the UK as much as possible. Kraken likely had to comply to their policies as well.

In 2020, FCA bans the sale of crypto-derivatives to retail consumers. They're limited to spot trading. No leverage is available. Only professional investors and traders are allowed to trade options, futures, and others. Professional here doesn't refer to individuals. They refer to firms and institutions.

In 2024, this year, FCA has made updates, but only as regards crypto-backed Exchange Traded Notes. The rest of the rules stay including the ban of derivatives among retail consumers.

Everything that you are talking about is derivative trading and not entirely leverage trading. Derivative markets are the perpetual futures, futures, options and maybe some others. But these are not the only leverage trading. Margin trading is also leverage trading in a way that you can automatically borrow funds to increase your leverage and the trading is having spot market price. According to what I read, Kraken is having margin trading.

Darker45

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Quote from: Potato Chips on November 22, 2024, 05:07:27 PM

I wanna double check something. OP, are you from UK or just somewhere else in the EU? because AFAIK, there is still a difference in products made available -- as far as exchanges who complies with regulatory bodies are concerned.

Last I checked, FCA was trying to block leverage trading for retail folks in the UK as much as possible. Kraken likely had to comply to their policies as well.

In 2020, FCA bans the sale of crypto-derivatives to retail consumers. They're limited to spot trading. No leverage is available. Only professional investors and traders are allowed to trade options, futures, and others. Professional here doesn't refer to individuals. They refer to firms and institutions.

In 2024, this year, FCA has made updates, but only as regards crypto-backed Exchange Traded Notes. The rest of the rules stay including the ban of derivatives among retail consumers.

However, if OP is from UK, there are available options but only from exchanges that aren't regulated by the FCA. That poses a different kind of risk, though.

P.S. Links are from FCA's official site.

Potato Chips

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yesssir! 🫡

I wanna double check something. OP, are you from UK or just somewhere else in the EU? because AFAIK, there is still a difference in products made available -- as far as exchanges who complies with regulatory bodies are concerned.

Last I checked, FCA was trying to block leverage trading for retail folks in the UK as much as possible. Kraken likely had to comply to their policies as well.

JeromeTash

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Heisenberg

Quote from: Oshosondy on November 22, 2024, 02:59:50 PM

If you are looking for an exchange with low trading and withdrawal fee, I will choose MEXC. I also trade on Bybit and it is good but I do not also like the withdrawal fee for its stable coins. I prefer MEXC which is also do not need KYC if available for people in your country.

I think Bybit is blocked in the UK.

OP may end up using exchanges that are official registered and recognized by the regulators over there

OP to cut on the deposit and withdrawal fees from and to your bank account, you might want to use p2p exchanges. Most of the modern exchanges have centralized p2p services.

thevoyager23

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I don't want 100x haha
5x will do.
I just don't want to be paying suxh high fees to trade... To depsoit $1000 cost me $12 and then to withdraw that same amount another $12,.... $25... nah!

coolcoinz

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What about Bitmex? AFAIK that's the first exchange in the world that allowed 100x leverage, so they were built for that and Hayes is doing what he can to advertise active trading by spreading FUD here and there, telling people bitcoin is going to go down more in bear market and up in the bull market. Reminds me of so many "professional traders" out there.

They actually don't work in the US, but allow EU citizens to set up accounts, so that should work for you.

Oshosondy

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Gamble responsibly

If you are looking for an exchange with low trading and withdrawal fee, I will choose MEXC. I also trade on Bybit and it is good but I do not also like the withdrawal fee for its stable coins. I prefer MEXC which is also do not need KYC if available for people in your country.

FortuneFollower

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Quote from: Crypto Library on November 22, 2024, 02:22:49 PM

Quote from: thevoyager23 on November 22, 2024, 02:18:48 PM

Kraken now has taken all ability away for EU and UK user, leverage not possible. Only for businesses. Another dumb move by kraken.
Bybit has crazy fees o add and withdraw funds.
Can anyone suggest a legit exchange that allows leveraged trading?

Why don't you choose the Binance that gives up to 125x and also there are OKX in the list and as well kucoin.

And I think this topic should be on the exchange board not here so move your topic on the exchange board. Wink

Yep.
OKX is the pick for me here, but I do think both have something to offer which the other.. would, but a bit differently Grin

Crypto Library

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Find your Digital Services at- cryptolibrary.pro

Quote from: thevoyager23 on November 22, 2024, 02:18:48 PM

Kraken now has taken all ability away for EU and UK user, leverage not possible. Only for businesses. Another dumb move by kraken.
Bybit has crazy fees o add and withdraw funds.
Can anyone suggest a legit exchange that allows leveraged trading?

Why don't you choose the Binance that gives up to 125x and also there are OKX in the list and as well kucoin.

And I think this topic should be on the exchange board not here so move your topic on the exchange board. Wink

thevoyager23

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Kraken now has taken all ability away for EU and UK user, leverage not possible. Only for businesses. Another dumb move by kraken.
Bybit has crazy fees o add and withdraw funds.
Can anyone suggest a legit exchange that allows leveraged trading?

Topic: Looking for an exchnage that allows Leverage. (Read 155 times)