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Differences in spot trading with and without the use of margin
Kraken is a "spot market" trading platform for you to buy and sell currencies "on the spot". If eligible, Kraken also can extend margin to facilitate your ability to enter into spot purchases and sales of currencies on the Kraken spot market with the use of “leverage.” To differentiate between the currencies you receive in spot transactions without margin and the currencies you receive in spot transactions on margin, we use “balances” for the former, and “positions” for the latter.
Balances
Positions
Going “long” vs. “short”
Electing to use margin on the spot trading order forms
Examples