How to play Kraken leverage trading on mobile phones

Kraken's mobile app empowers traders with the convenience of leverage, allowing them to amplify their cryptocurrency trading potential with ease.

Nov 16, 2024 at 09:36 pm

How to Play Kraken Leverage Trading on Mobile Phones

Kraken, one of the world's leading cryptocurrency exchanges, offers a mobile app that allows users to trade cryptocurrencies with leverage. Leverage is a powerful tool that can both magnify profits and losses, so it is important to understand how to use it properly before getting started. Here is a step-by-step guide on how to play Kraken leverage trading on mobile phones:

Step 1: Create a Kraken Account

First, you will need to create a Kraken account. This can be done by visiting the Kraken website or by downloading the Kraken app. Once you have created an account, you will need to verify it by providing your personal information and a government-issued ID.

Step 2: Get the Kraken App

The next step is to download the Kraken app to your mobile phone. The app is available for both iOS and Android devices.

Step 3: Pick an Asset

Once you have the app installed, you will need to select an asset to trade. Kraken supports a wide variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Once you have selected an asset, you will be presented with a trading chart and a list of order types.

Step 4: Choose a Leverage Level

Now it is time to choose a leverage level. Leverage is expressed as a ratio, such as 2:1 or 5:1. The higher the leverage level, the greater your potential profits and losses. For beginners, it is recommended to start with a low leverage level, such as 2:1 or 3:1.

Step 5: Place an Order

Once you have selected a leverage level, you can place an order. There are two types of orders you can place: market orders and limit orders. Market orders are executed immediately at the current market price, while limit orders are executed at a specified price or better.

Step 6: Manage Your Risk

It is important to manage your risk when trading with leverage. This means setting stop-loss and take-profit orders to limit your potential losses. You should also monitor your trades closely and close them out if necessary.

Step 7: Withdraw Your Profits

Once you have made a profit, you will need to withdraw it. You can do this by selling the assets you have traded and withdrawing the proceeds to your bank account.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

CARV

$0.2983

16.34%

Trade Now
USELESS

$0.2848

16.09%

Trade Now
QRL

$1.07

15.47%

Trade Now
SN

$2.59

14.57%

Trade Now
POKT

$0.0393

12.08%

Trade Now
BONK

$0.0...01821

9.11%

Trade Now

Latest Crypto News

Bitcoin, Kiyosaki, and Acquisition: A Perfect Storm?
2025-07-05 22:35:14
Cardano vs. Solana: The $500 Dream and a Payments Disruptor
2025-07-05 22:50:13
Subway Surfers on PC: Level Up Your Experience, No Train Ticket Needed!
2025-07-05 22:35:14
Ray Dalio, Bitcoin, and Disruptions: Navigating the Future of Finance
2025-07-05 23:10:13
Yu Darvish's Padres Return: A Coin Flip?
2025-07-05 22:50:13
Undead Blocks Rises Again: Avalanche Blockchain, Blackhole Partnership, and a Roadmap to 2026
2025-07-05 22:55:12

Related knowledge

How to identify the contract value range in combination with the market profile?

Jul 02,2025 at 10:56pm

Understanding the Market ProfileTo effectively identify the contract value range in combination with the market profile, it's essential to first understand what each concept entails. The market profile is a framework that helps traders visualize how price and time interact across a given period, typically a trading day or session. It provides insights i...

How to use the price slope to filter the false breakthrough signal of the contract?

Jun 20,2025 at 06:56pm

Understanding the Concept of Price Slope in Contract TradingIn contract trading, especially within cryptocurrency derivatives markets, price slope refers to the rate at which the price changes over a specific time period. It helps traders assess the strength and sustainability of a trend. A steep slope may indicate strong momentum, while a shallow slope...

How to determine the expected volatility of the contract through the volatility cone?

Jun 19,2025 at 12:28pm

Understanding the Basics of Volatility in Cryptocurrency ContractsIn the realm of cryptocurrency trading, volatility is a key metric that traders use to assess potential risk and reward. When dealing with futures contracts, understanding how volatile an asset might become over time is crucial for position sizing, risk management, and strategy developmen...

How to formulate a contract intraday trading plan in combination with the pivot point system?

Jun 21,2025 at 03:42pm

Understanding the Basics of Pivot Points in Cryptocurrency TradingPivot points are technical analysis tools used by traders to identify potential support and resistance levels. These levels are calculated using the previous day's high, low, and closing prices. In the context of cryptocurrency trading, where markets operate 24/7, pivot points help trader...

How to adjust the contract position ratio through the price fluctuation entropy?

Jun 22,2025 at 11:42am

Understanding Price Fluctuation Entropy in Cryptocurrency ContractsIn the world of cryptocurrency futures trading, price fluctuation entropy is a relatively new concept used to measure market volatility and uncertainty. It derives from information theory, where entropy refers to the degree of randomness or unpredictability in a system. In crypto contrac...

How to use the volume swing indicator to predict the contract volume-price divergence?

Jun 18,2025 at 11:42pm

Understanding the Volume Swing IndicatorThe volume swing indicator is a technical analysis tool used primarily in cryptocurrency trading to evaluate changes in volume over time. Unlike price-based indicators, this metric focuses solely on trading volume, which can provide early signals about potential market reversals or continuations. The key idea behi...